Foreclosure

The foreclosure crisis is causing stress for many homeowners. However, selling your home is a viable solution to stop foreclosure. In September 2023, foreclosure filings spiked to 37,679. This marked an 11% jump from August and, furthermore, an 18% increase year over year. Foreclosure started on 68,961 U.S. properties in Q3 2023, nearly reaching pre-pandemic levels​​. This article shares real stories...

The current state of the housing market has seen a steady rise in foreclosures over the past few years. In order to provide assistance to those affected by this, the federal government has established some programs that can provide much-needed help. One of these is the Hardest Hit Funds program, which is designed to help those with financial difficulty stay in their homes.Overview of The Hardest Hit Funds...

Foreclosure is an issue that affects families, communities, and economic growth. The Federal Housing Finance Agencies (FHFA) offer programs to help struggling borrowers prevent foreclosure by offering mortgage relief and refinancing. In this article, we’ll be discussing how the FHFA program works and what borrowers need to qualify for the program and the assistance that can be offered.IntroductionThe...

When facing foreclosure, a private home equity advance may be the answer you are looking for. Taking out an equity advance allows homeowners to use their home's existing value as collateral to access additional funds. This can provide much-needed cash during tough economic times and help individuals avoid going through the process of foreclosure.Advantages of Using a Private Home Equity AdvanceFinancial...

Homeowners struggling to make mortgage payments may feel overwhelmed and helpless when facing the possibility of foreclosure. However, it is important to know that there are options available for those in distress. One possible solution that should be considered is a loan modification, which can provide an opportunity to avoid foreclosure. In this article, we will explore the pros and cons of considering a...

In times of financial hardship, homeowners may find themselves in need of a way to avoid foreclosure and manage their debt. One option available for homeowners in this situation is the short sale process. In this article, we will discuss what a short sale is and how it works in Arizona to help individuals avoid foreclosure.Definition of a Short SaleA short sale is when a homeowner who needs to sell their...

In Arizona, the real estate landscape is rapidly transforming, and with it comes a surge in foreclosure cases. With this article, we will be delving into trend data concerning foreclosures and how they can affect people living in Arizona. Moreover, preventive action steps on what to do if you've recently been notified of an upcoming trustee sale - including ways to save your home – shall also be...

The housing market in 2023 has already been challenging for many first-time homebuyers, especially millennials. Low inventory levels and rising mortgage rates have left many potential buyers scrambling to find a good deal on a home that meets their needs and budget. In order to make an informed decision when buying a house this year, it's important for potential homeowners to understand current trends and...

The red-hot housing market in 2022 already has an estimated 270,000 homebuyers who owe more than their house is worth. According to Black Knight's analysis of the 450,000 underwater borrowers from Q3 this year, around 60% had mortgages issued during the first nine months of 2022 - that's one out of every twelve homes purchased with a mortgage! Additionally, nearly 40% have less than 10% equity left for any...

We all know that real estate is a solid investment. It's always been a safe bet, but in recent years it has become an increasingly popular investment vehicle, especially among Millennial women. And while there are many different ways to get involved in real estate, one of the best deals out there right now is foreclosure properties. What is a foreclosure? A foreclosure occurs when a homeowner is unable to...