FORECLOSURE HELP

Foreclosures are on the rise! Definitely not news to those facing an increase on an Adjustable Rate Mortgage, facing an Interest Only balloon, in a zero down loan or are just in over their head and can't make the payments.

There are "Housing Advocacy Groups .... many people were put into high interest loans when they would have qualified for less-expensive mortgages." (The Arizona Republic dated Sunday, August 5, 2007).

There may be unscrupulous people out there, ready to take advantage of your financial problems, but there are also Advocacy Groups that would legitimately like to help.

A National organization called ACORN addresses many of the issues of Social Justice including foreclosures.

Cick here for ACORN

Neighborhood Housing Services of Phoenix has a hotline at 1-888-995-HOPE to offer free counseling. There may be similar groups nationwide.

Some lenders are receptive to working with their customers - if lenders have too many bad loans on their books, they can no longer get money to loan! There is an incentive for them to work with you. A phone call is cheap! At least ask!

The situation is only going to get worse in late 2007 and early 2008 when many mortgage adjustments come due. If you are facing an adjustment or see trouble ahead, act now before you face the pressure of deadlines to address an alternative to losing your home.

Give me a call if you want an honest opinion of what your Phoenix area home is now worth and possible suggestions on how to best proceed.

We're with you!