Top 10 Ways to Avoid Foreclosure

Here are the top 10 ways to avoid foreclosure. I have listed them below. Be sure to also checkout our Options To AvoidForeclosure Audio Tour available on our website - Arizona Short Sale Agent - IF YOU’D LIKE TO KEEP THE PROPERTY - 1. DO NOTHING – Stay in your home or if it’s an investmentcontinue to rent it – if you have no need to move, like where you live,make money off of your investment property, or can handle the paymentsthen you should be fine if you can ride it out.. 2. RENT – rent your property out. Can you break even on rent? Or areyou willing to cover any deficiency between your gross rent and your mortgage?If so then renting your property may be an excellent option to keepyour property while someone else covers a large portion of the monthlyexpense! 3. REFINANCE – If you have equity in your home and still have good credit and stable income you may be able to refinance. 4. MAKING HOMES AFFORDABLE REFINANCE OR LOAN MODIFICATION – this isgovernment program and not everyone qualifies for it. Google the MakingHomes Affordable Plan and you'll find their site where you can see ifyou qualify or not. 5. LOAN MODIFICATION – You may be able to qualify for a loan modification where the lendermodifies the terms of the deal. Most people want a principal reductionbut be aware that they are rare. You may get a better interest rate orterm though so it's definitely worth a shot! There are a lot of shadycharacters in the loan modification business right now so make sure youdo your research on the company you decide to hire. 6. FORBEARANCE – Perhaps your lender will allow you a brief reprieve from your payments. Give them a call and find out! - IF YOU JUST WANT OUT OF THE PROPERTY – 1. SELL IT – Maybe you have equity in it? If so, sell it now andmaybe take advantage of one of the many buying opportunities out therein the market. 2. DEED-IN-LIEU – Your lender MAY take the property back if there isequity in it but you are usually better just selling it. Lenders don'treally want your property. 3. BANKRUPTCY - You'll need to chat with a an attorney about this option.4. SHORT SALE – If you are upside down in your home then you can hire aqualified short sale real estate agent to help you sell the propertyand negotiate the deal with the bank. As Arizona Short Sale specialists we can help! Contact us today! If you are from a different state contact us and we'll put you in touchwith a pre-screened referral partner in your city that can help youavoid foreclosure! Learn everything you can about all of your options before you make a decision and then take that first step towards recovery! Visit our Phoenix Short Sales site formore information about how to avoid foreclosure scams, short sales,advantages of a short sale, loan modification information, and more!

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