SHOULD I PAY MY MORTGAGE PAYMENT THIS MONTH?
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?
AND 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.