With the media bombarding us from every angle about the credit crisis, it's easy to gain a clouded picture about which move to make and what is the best solution for your particular circumstances. Sitting down with a real estate investor can help clarify exactly what options are available so you can get back in control and choose the best alternative to foreclosure.
One of the biggest problems that mortgagees have when facing default is talking to their lender. It can be a daunting prospect to discuss your situation, but it's important that your lender is aware of your situation and understands that you are willing to resolve the situation. If you are at all wary about this process, your real estate investor will gladly offer advice and guide you through the right things to discuss.
One of the problems with not talking to your lender is that they may assume that you are simply succumbing to foreclosure and will start procedures with the Phoenix Arizona judicial process.
It's sad to know that foreclosures in Phoenix Arizona are rising at the same rate as the rest of the nation, when in fact there are alternatives available. Even if you can't afford to make any payments, it is possible to utilize the short sale process to relieve yourself from your financial burden.
A short sale doesn't carry the same penalties as foreclosure, and is looked upon favorably by lenders as a better solution for both parties involved. As an expert in the process, your real estate investor will empathize with your situation and will be able to provide you with all the information you need about the short sale process, as well as ensuring that the whole procedure runs as smoothly as possible.
Nick Johnson has been helping many homeowners in the Phoenix, Arizona area for years. As an investor, he has the experience that is needed in 'Short Sales' as well as other creative financing techniques that will allow the homeowner to save their home from foreclosure or make a quick sale of their home. He charges nothing for his services and does not collect any commissions. Check out http://www.payment-takeover.com to see what service can best benefit you.
Article Source: http://EzineArticles.com/?expert=Nick_L_Johnson
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