January 18, 2010 at 10:07 pm Leave a comment

A power cast of speakers were put together in a seminar dubbed “Avoiding Foreclosure” held on Tuesday, January 12, 2010 at the Downtown Chandler library. The panelist included Tracy King – Wachovia short sale manager, Tim Hensley – HUD certified counselor, Mark Winsor – Real Estate Attorney, Paul Sundin – Certified Public Accountant, Reginald Givens – Coordinator of the Home Stabilization program, Real Estate Broker and Mark Taylor – Mortgage Consultant.

Many people came either because their home is upside down or they are facing imminent foreclosures. What I gathered from the panelists is, loan modification will not help everybody and is not the best solution for everyone. More than half of those who were granted a loan modification went back in default after a few months. Also, find out the legal and tax ramnifications of doing a short sale or loan modifications prior to beginning the process.

It was a great seminar that helped a lot of people know more about the options available to their homes. One question still remains among homeowners is – “Who will listen to my problem and care enough to help me.“ The lenders, loan modification companies and HUD certified counselors have a huge volume of short sale or loan modification applications and cannot respond quickly enough to get homeowners out of foreclosure. If you are not getting anywhere with your bank and don’t know who to turn to, don’t hesitate to contact me at 480.650.0075. I can connect you to professionals who would be able to help you and answer any questions you have regarding the options available for your home.

Entry filed under: Arizona Real Estate, Chandler Real Estate, Foreclosures & Short Sales, Phoenix Real Estate, Real Estate Deals. Tags: , , , , .


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