An update on foreclosures in Arizona and how I can help if you’re behind.

Here’s a question that comes up with a lot of my clients: What’s happening with these foreclosures, and will we have another crash in the market causing a huge amount of them?

Based on everything we’re seeing at the moment, that’s not very likely. During the last housing bubble and housing crash, we lost about five years of building time. We don’t have the number of homes that are needed in Arizona. With the price increases and favorable loan terms that are out there, we’re not seeing many foreclosures at all.

“There are still opportunities to sell your home because you still have lots of equity.”

Even if foreclosures are happening due to some people getting into financial trouble, there are still opportunities to sell because they have lots of equity in their homes. If you’re watching this and you have some questions about being behind on your mortgage and what to do, give me a call. I’ll be happy to talk you through all the different options.  

During the last downturn, I worked closely with many banks, both on short sales and in foreclosures. I never want to see anybody go through that so if you have any questions, please contact me to schedule a private consultation. I’ll answer any and all of your questions and bring all of your options. Don’t hesitate to reach out via phone or email. I look forward to helping you.