Yes, You can Avoid Foreclosure in Phoenix!

With more than half of homes and homeowners “under water” in the Greater Phoenix area, you may be one of thousands of people who are looking for information on how to Avoid Foreclosure in Phoenix. The Arizona Department of Real Estate and the Arizona Association of REALTORS® – suggests these options be explored before deciding to Short Sale your home. These options include:

Loan Workout
Forbearance
Loan Modification
Refinance
Deed in Lieu of Foreclosure
Work Out Sale
Bankruptcy
Foreclosure

After reviewing these options, almost in every situation when the homeowner must sell or thinks the only way out is losing the house to foreclosure, there is actually a third option. That third option is a Short Sale, and most often, is actually the best option – even if you also plan to file Bankruptcy. A Short Sale in conjunction with Bankruptcy is a more complicated Short Sale process; however, with the guidance of their Attorney and experienced Short Sale Realtor, Arizona Short Sale homeowners can get the fresh start they are looking for.

Foreclosure should be avoided as it often affects your credit by over 200 points, 7 years and an even impact your security clearance with many employers. The choice of last resort, letting the property go to Trustee Sale in a foreclosure should be avoided by first attempting to Short Sale your Phoenix home.

With so much to weigh out, it’s important to speak to a Realtor that is a Short Sale Specialist and can answer your questions, identify your options and assist you in being proactive. Keith and Cheryl Krone have been Realtors since 1983; and for the last 3 years have specialized in Short Sales in Avondale, Buckeye, Goodyear, Litchfield Park and Surprise.

For more information about Avoiding Foreclosure and Short Sales in Phoenix, please feel free to visit our website at AvoidingForeclosureInPhoenix.com, or for a confidential consultation contact Keith & Cheryl Krone directly at (623) 337-8277 ext. 201 or by emailing Info@AvoidingForeclosureInPhoenix.com.

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