How do I short sale my house in Maricopa Arizona I get asked this question daily it seems like in Maricopa Arizona. The answer is complex, as I want you to stay in your home if possible. If you have not missed any mortgage payments I would recommend that you see if you can do [...]
Loan Modifications. Are they Spinning out of Control?
by Elise Fay on May 7, 2010
A HAMP Loan modification is denied to a homeowner who then decided that a Short Sale is the only alternative. A full Short Sale package is submitted only to discover that the file is Spinning it’s Wheels in Neutral, in the Loan Mod department and the bank cannot get it into gear and moved on to the Short Sale Department.
AZ Short Sales-Statistically Speaking
by Elise Fay on October 27, 2009
AZ Short sales are here to stay. As homeowners understand their options in today’s difficult climate, more and more families are opting for short sales over going into foreclosure. With 3/1 ARMS and 5/1 ARMS coming due, many homeowners will be faced with increased mortgage payments as their interest rates adjust. This will cause many [...]
Short Sales & HELOCS
by Elise Fay on October 5, 2009
I have been doing Glendale AZ Short Sales for quite some time and I am now just encountering sellers who have HELOC’s. Question: If their HELOC was used exclusively to make improvements on their primary residence and the seller can show receipts, will they still be liable for the full amount? Has anyone had a [...]
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