Finding FORECLOSURE HELP, Government Help or Short Sale
IF you are in search of foreclosure help in Phoenix, Arizona and are not sure where to turn, consider the government's plan to help you out. However, realize that the government plan for foreclosure help, basically a loan modification, has several requirements that may cause you to be ineligible. We believe that foreclosure help from the government is just the second best option. The best foreclosure help available to you is the short sale. Here are the two plans, in a nutshell, and some of the things to consider with each.
With the government program, you will only receive foreclosure help in Phoenix, AZ if you meet the criteria laid out by the government and get your application for foreclosure help is during the time frame that the government sets aside. Here is that criteria as we understand it....
1. You must live in the home that you are seeking foreclosure help for.
2. The mortgage you are seeking foreclosure help on must have been obtained prior to January 1, 2009.
3. foreclosure help can not be used on mortgages that are more than $729,750.
4. Your total monthly mortgage payment, including taxes, insurance, and homeowner's dues has to be more than 31 percent of your gross monthly income.
5. To receive foreclosure help, you must be a difficult financial situation.
6. If your payments are up to date, you can still qualify for foreclosure help, but you need to prove that your current financial status will probably lead to defaulting on your loan
If you qualify for foreclosure help based on the criteria above, you have a good chance of getting a loan modification that will better suit your needs. We recommend that you apply for foreclosure help as soon as possible. Do the following to get qualified for foreclosure help...
For more videos on short sales check out Kevin and Fred on the Short Sale Power Hour. Video for Short Sale Specialists.


Fred Weaver is a founding co-owner of Group 46:10. He has been working in the financing/real estate business for over 7 years. Fred began his real estate career by working for a large wholesale bank as a processor and rate/lock specialist for home mortgages. After 2 years in the business, Fred transferred from the banking side of home loans to the mortgage side. While on the mortgage side of financing, Fred gained experience originating mortgages and processing files for Morgan Capital of Arizona, Inc.
Kevin is a founding co-owner of Group 46:10. He began working in the real estate business in 2007 after spending 8 years working in the finance industry for companies such as Bank One, Green Tree Financial, & GE Capital.