For most home owners it is a scary day when their lender delivers a Notice of Trustee's Sale. Here in Arizona you have a few options on the table....learn about your choices to make the best decision for you and your family.
Consider this blog the beginning of your journey. While I'm well versed on the real estate aspects of foreclosure you should absolutely consult with an attorney and also a tax advisor before making any final decisions. I'm always amazed when people tell me they cannot afford the $200 to $500 these consultations may cost....."really, you're dealing with 10s if not 100s of THOUSANDS of dollars"...you can't afford NOT to get this help.
Here's the list of options available....I'll blog more about each one in the coming days.
Options With Your Current Lender:
Loan Workout ~ Loan Modification ~ Work Out Sale
Federal Help For Homeowners (refinance):
HOPE for Homeowners Program
Deed In-Lieu of Foreclosure
Short Sale
Foreclosure
Bankruptcy
If you're facing foreclosure give me a call. I'll be happy to refer you to some trusted colleagues so that you can get the legal and tax advice you need.
Susan
"...all you need to know about Real Estate"
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