Foreclosure is a devastating financial and emotional process for a homeowner to go through, and in many cases they do so alone and without help of any kind. A Licensed Realtor who has earned the CERTIFIED DISTRESSED PROPERTY EXPERT designation has dedicated their time and effort to understanding the issues distressed homeowners are dealing with. The CDPE Professional is an agent who understands the full range of solutions and is ready to help. While experiencing financial distress is difficult for any family, the process of finding a real estate professional shouldn’t be. Selecting a CDPE agent ensures you are dealing with a professional ready to address your needs.
Are you facing an Az Foreclosure ?
Hi, my name is Gina McKinley and welcome to Az Foreclosure Relief Now! I created this site to assist people with what can be a very difficult time in their lives. I've included some meaningful articles to give you information on Az forclosures in particular. If you find yourself in this situation, you are not alone, and you do have options. While it is important that you act, it is essential that you act quickly! The Az Foreclosure process can be halted and the impact to your credit minimized. If you are not in our local Arizona area, I can still help you determine where you are in this process. I can then recommend a highly qualified specialist in your area to assist you.
Literally thousands of people find themselves "upside down" in their home mortgage. "Upside down" refers to owing more on your mortgage than your home is currently worth. If you think about it, nearly everyone who purchased a home or refinanced their existing home during the real estate spike in 2004-05, is in this position. Even putting down 20% for a down payment would not have protected you when homes values decline 50%!
Given the large numbers of people facing foreclosures/short sales, the stigma is fading. If your credit was good in all other areas, lenders will consider the collapse in the real estate market as an anomoly. Your best move is to take control now. Contact me for a full review of your situation.
Treasury Proposes Plan to Help Borrowers.
The U.S. Treasury Department is considering a plan to improve the chance that distressed home owners will get help from federal programs.
Among other things, Treasury proposes to give borrowers 30 days to respond when they are denied a loan modification under the Home Affordable Modification Program (HAMP). During that time, the lender couldn’t auction off the property or even put it up for sale.
The proposal would demand that lenders consider all requests and even contact all borrowers who are 60 days delinquent to determine if they qualify for HAMP. Their contact efforts would have to include multiple telephone and written notices. Lenders would also be required to certify in writing that the borrower isn’t eligible.
Lenders say these guidelines would further slow the foreclosure process past the year that it takes now.
A Treasury spokesperson says the guidelines are only in the proposal stage and haven’t been approved.