Need FORECLOSURE HELP, Find a Short Sale Specialist
March 8th, 2010
In the current stumbling economic times in Mesa, Arizona, the number of home foreclosures is rising consistently and drastically. People looking for foreclosure help are everywhere. This is due to a number of factors. With millions becoming recently unemployed, people that can no longer pay the mortgage are searching for foreclosure help because they can not afford the house that they live in. Also, there are people that have a home that is worth far less than their mortgage. So, they are also searching for foreclosure help. Then there are people who got themselves into a mortgage with an adjustable interest rate that has risen so much that they can not afford the house that they live in. They are also looking for foreclosure help. You need to be quick about finding foreclosure help, as you want to avoid the house going into foreclosure. When it gets into foreclosure, your chances of finding foreclosure help and getting out of the bad situation you are in become even more challenging.
In many cases, the banks in Mesa, AZ gave you mortgage terms that they new would potentially cause trouble in the future, but they just wanted you to sign on the dotted line and get into a mortgage that you could afford today, but not in a few years. Now those banks are in an interesting situation. They want you to find foreclosure help too! They do not want your house. They only want your money. So, you finding foreclosure help is in their best interest. But don’t expect them to help you find foreclosure help.
So, you are probably asking yourself, “what foreclosure help is available to me?” There are lots of foreclosure help options, but not many of them are good options for you. Most of them are delay tactics to give you time to win the lottery and pay off the mortgage. So, do you really want to use the lottery as your foreclosure help?
The one good option that we have found is the short sale. With a short sale, you can get the foreclosure help that you are searching for. In a short sale, you will need to find a real estate agent that deals with short sales because it is a special kind of foreclosure help that not all real estate agents deal with. In a short sale, your real estate foreclosure help specialist will put your home on the market and get an offer. Then they will take the offer to the bank and tell them that they should take the offer and forgive the rest of the loan that you owe because the offer will not cover the entire loan value. This may seem crazy, but the bank understands that if they foreclose, they will have to deal with a ton of extra fees. Also, they will not get as much money if they have to sell the house at a foreclosure sale.
The short sale is the best form of foreclosure help. Find a real estate agent that specializes in foreclosure help and can handle your short sale.
For more videos on short sales check out Kevin and Fred on the Short Sale Power Hour. Video for Short Sale Specialists.
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Fred Weaver is a founding co-owner of Group 46:10. He has been working in the financing/real estate business for over 7 years. Fred began his real estate career by working for a large wholesale bank as a processor and rate/lock specialist for home mortgages. After 2 years in the business, Fred transferred from the banking side of home loans to the mortgage side. While on the mortgage side of financing, Fred gained experience originating mortgages and processing files for Morgan Capital of Arizona, Inc.
Kevin is a founding co-owner of Group 46:10. He began working in the real estate business in 2007 after spending 8 years working in the finance industry for companies such as Bank One, Green Tree Financial, & GE Capital.