Arizona Foreclosures and Shortsales Are Up
Published On 02-01-2009 , 10:17 AM
AZCENTRAL.COM helping to Get the Word Out
In today's AZ Central Sunday edition I was quoted about helping Arizona distressed homeowners "dodge the prospect" of losing their Phoenix homes to foreclosure. I'm glad we're getting the word out - since there is so much misinformation about Arizona short sales and foreclosures.
As President Obama says, it will get worse before it gets better, and the statistics of foreclosures in North Phoenix and Scottsdale are staggering. The article did misquote me, though and I need to set the record straight.I cannot refinance loans. I'm a Scottsdale real estate broker not a lender. Only lenders do this and people in danger of losing their homes are typically not good candidates for re-financing. Phoenix Loan Modification or Loan Mediation are viable options and I do encourage home owners to investigate this option. If you can afford the services of a loan modification company I can recommend two very ethical companies. There are some bad companies out there making a lot of false promises and preying on Phoenix homeowners. Please don't be one of them.
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