What is a Pre-Foreclosure in Phoenix?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Phoenix anyway? Many homeowners across America and Phoenix are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

Short Sale vs Foreclosure – What’s the Difference in Phoenix?

Whether you’re a buyer or a borrower/seller, a short sale, and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Phoenix, AZ? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you stop … Continued

Can I Sell My Phoenix Home in Foreclosure?

Can I Sell My Phoenix Home in Foreclosure? Do you have a Phoenix AZ house that’s in foreclosure right now? Many people going through the AZ foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s … Continued

How to stay in my home after foreclosure in Phoenix

How to stay in my home after foreclosure in Phoenix A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business … Continued