Short Sale vs. Foreclosure – What’s the Difference?

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 Arizona? 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 … Continued

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 how the process works. 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 … Continued

How to stay in my home after foreclosure in Phoenix

A recent study estimates that 47% of foreclosed properties are still occupied. That may be a surprising statistic but what most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. When they have to foreclose on a house, the bank is forced … Continued

Understanding the Foreclosure Process in AZ

Understanding the foreclosure process in AZ is an important part of navigating your own home foreclosure. What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is not a pleasant experience but it doesn’t have to be the end … Continued

Can I sell my Phoenix house 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 a little more complicated, but usually you can … Continued