Are you searching for a great deal in Arizona? Then consider buying a Foreclosure property. Bloom / Van Omen & Associates, the official real estate partner of Scottsdale.com, has been working with national, local and regional banks to move homes quickly. Given the exposure that the distressed property experts at Bloom / Van Omen & Associates can provide to banks, we now have access to thousands of foreclosures in the Phoenix area. The Scottsdale and Phoenix areas have a large variety of home types entering the foreclosure market, ranging from one bedroom condos to luxury golf homes. When considering a foreclosure in Arizona, you must be working with someone you can trust and who understands the foreclosure process. Bloom / Van Omen & Associates is extremely experienced and has earned the Certified Distressed Property (CDPE) designation. Contact the Bloom / Van Omen & Associates for personalized attention. Call us at 480-744-6357 or email today!
Phoenix housing market update:
I am facing a foreclosure...
Many Phoenix residents have seen their financial situation change due to the loss of employment, mortgage payment increases, medical expenses or an increase in taxes. First thing to remember, you are not alone! Unfortunately, many families are facing a foreclosure and most have no idea what to expect. The distressed property experts at Bloom / Van Omen & Associates has been working closely with banks to provide homeowners with the best option to resolve their situation.
Here Are 9 Ways to Avoid Foreclosure:
1. Reinstatement: Bring the loan current
2. Forebearance: Temporary repayment plan
3. Refinance: New loan with reduction in monthly payments
4. Loan Modification: Modify original loan terms
5. Sell the Property: Use equity to payoff or pay the difference
6. Rent the Property: Must make loan current
7. Short Sale: Negotiate with the bank to accept the sale under the loan amount
8. Deed in Lieu of Foreclosure: "Friendly foreclosure"
9. Bankruptcy: Will stall foreclosure, but not prevent it
Call Bloom / Van Omen & Associates at 480-744-6357 to discuss your options.
If foreclosure is your best option, here's an idea of what you might expect:
First month missed payment: You will receive a letter or phone call from your lender. Second month missed payment: Your lender will begin calling you to discuss why you are not making your payments. Make sure you take the phone calls and let them know your situation. By now, maybe you can make one payment to keep yourself from being three months behind. Third month missed payment: After the third missed payment, your lender will send you a letter stating the amount you are delinquent and that you have 30 days to bring the mortgage current. This is called a "Demand Letter" or "Notice to Accelerate". The letter states that if you cannot pay the specified amount by the provided date, they may begin the foreclosure process. You still have time to work something out with the lender at this point, such as a loan modification or a short sale. Fourth month missed payment: You are very close now to the end of the time allowed in the Demand Letter. If you are not able to pay the full amount or work something out with a housing counselor, you will be referred to the lender's attorney. All legal fees incurred by the lender are your responsibility. Public Trustee's Sale: The lender's attorney will now schedule a sale. This will serve as the actual day of the foreclosure. You may be notified by mail or a taped note to your front door. The time between the Demand Letter and the actual sale varies. This could be as quick as 2-3 months. You are not required to move out yet, but you are getting very close. You have until the sale date to pay the amount due in full, including attorney fees. Redemption Period: there is a brief period where you can reclaim your home after it is sold at auction. You will be notified of the time frame with your Sale notice.
Bloom / Van Omen & Associates, the official real estate partners of Scottsdale.com, has already helped many homeowners get out of a tough financial situation. The ability for Scottsdale.com to reach a large international audience allows our agents to move homes quickly. Homeowners facing foreclosure have the option of listing their property on the home page of the Scottsdale.com real estate section where is will be seen by over 30,000 visitors a month. When time is of the essence, homeowners need to get their home is front of as many prospective buyers as possible. Anyone facing a foreclosure is urged to call Bloom / Van Omen & Associates at 480-744-6357 to set up a free consultation or email us by Clicking HERE.
looking to purchase a foreclosure property in Arizona? There are many good deals to be had and Bloom / Van Omen & Associates has been working closely with banks to move homes quickly. Given the exposure that the Scottsdale.com real estate section can provide for banks, the Bloom / Van Omen & Associates has been given access to hundreds of foreclosures in the Phoenix area. No one expected the amount of foreclosure homes on the market we are seeing today. Prospective home buyers who are looking to move or relocate to Arizona have many homes to choose from. The Phoenix area has seen a variety of home types enter the foreclosure market ranging from one bedroom condos to fairway homes. When considering a foreclosure in Arizona, you must be working with someone you can trust. If you are like most, the foreclosure buying process is new to you. Bloom / Van Omen & Associates is very experienced and willing to help. As we mentioned before, there are many homes for a prospective buyer to consider and even more to know about the process. Contact the the distressed property experts for personalized attention at 480-744-6357 or Contact US Today.
Contact Bloom / Van Omen & Associates Today
480-744-6357 (toll-free 800-736-2974)
or send us your request today! The Official Real Estate Partner of Scottsdale.com
