SHOULD I PAY MY MORTGAGE PAYMENT THIS MONTH?

SHOULD I PAY MY MORTGAGE PAYMENT THIS MONTH?

UPSIDE DOWN IN HOUSE

 Many people continue to be upside down in their house here in Phoenix, Arizona and across America. It seems that banks are still foreclosing on homes. When will the madness end? Yes, we do short sales here in Phoenix, Arizona. Plus, we receive many phone calls regarding short sales. One must be proactive and have a system to open and close short sales. You do not want a new person negotiating a short sale transaction because it may not close. Now, there are times when the expert cannot close them just because the banks says no.

One of the first questions from the sellers are "Should I pay my mortgage this month or not? It is like they want me to give them confirmation or permission to stop payments. I inform them that I cannot tell them to stop their payments. That is totally up to them. However, I explain the options in front of them. Please click on the following blog to read of the 4 Options Sellers Have Today.

It seems many more people have stopped making their monthly mortgage payments due to job loss, upside down in their house and just no hope for the future. People continue to walk away from their house. The number one problem here in Phoenix, Arizona is abandoned homes. People continue to strip vacant homes and sell the items on Craisglist and other avenues.

Simple question "SHOULD I PAY MY MORTGAGE THIS MONTH?

SEARCH FOR PHOENIX, ARIZONA BANK OWNED HOMES 

STOPAND THINK ABOUT YOUR OPTIONS! 

 

 

Make the Call, Set the Plan, Do the Deal$!

Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities.  The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona.  You can listent to past shows, or stream on-line.

 

Phoenix Real Estate Resource Center

 

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Comment balloon 6 commentsHarry F. D'Elia • November 06 2009 12:15PM

Comments

Harry, People who have lost jobs, loved ones or have a debilitating illness eventually have to make a decision...eat, pay for medicines or walk away. I'm saddened to see there are no options for some...except to stop making the payments.

Posted by Wanda Kubat-Nerdin - Wanda Can!, So Utah Residential, Referral & Relocation REALTOR (Prado Real Estate South) over 9 years ago

Wanda it comes down to a personal decision and not for the Realtor to answer. That was my simple point. Great input thanks

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (RentVest) over 9 years ago

I want to thank you for another professional blog tonight. Best to you

Posted by Eric Villaverde (DoubleTree Home Inspection Services L.L.C.) over 9 years ago

Thanks you very much in sharing your knowledge with us this weekend. Night

Posted by Katiejo Franks (Real Estate and Beyond, LLC) over 9 years ago

I continue to learn more and more about real estate after reading your posts. Keep them coming

Posted by Tim Green (Real Estate and Beyond LLC) over 9 years ago

We aim to please. I am here to serve

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (RentVest) over 9 years ago

Participate