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| The current Prescott Valley AZ-area housing market
and national financial crisis has caused untold
stress and heartache for many families. Right now,
you can get real help and real answers from your
local rescott Valley AZ agent with the Short Sale
Specialist Network. He/She is your best solution
for solving your home finance challenges. Below
are some of the current options to discuss with
your local short sale specialist agent. Find out
which option would be most beneficial to your current
situation. The current options are: | 
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| If you can't afford
your mortgage payment and it's time for you to
transition to more affordable housing, the Home
Affordable Foreclosure Alternatives (HAFA)
program is designed for you. HAFA provides two options
for transitioning out of your mortgage: a short sale
or a Deed-in-Lieu (DIL) of foreclosure. In a short
sale, the mortgage company lets you sell your house
for an amount that falls short of the amount you still
owe. In a DIL, the mortgage company lets you give the
title back, transferring ownership back to them. |
If you're not behind on your mortgage
payments but have been unable to get traditional refinancing
because the value of your home has declined, you may
be eligible to refinance through MHA's Home Affordable
Refinance Program (HARP). HARP is designed to help
you get a new, more affordable, more stable mortgage.
HARP refinance loans require a loan application and
underwriting process, and refinance fees will apply. |
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| If you're not unemployed,
but you're still struggling to make your mortgage
payments, you may be eligible for the Home
Affordable Modification Program (HAMP). HAMP
can lower your monthly mortgage payment to 31 percent
of your verified monthly gross (pre-tax) income, which
usually provides savings of hundreds of dollars per
month. |
If you have a home equity
loan, HELOC, or some other second lien that is making
it difficult for you to keep up with your mortgage
payments, learn more about this MHA program. |
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| This should not be taken as legal
advice, technical or tax advise under any circumstance.
Seek legal advise and representation in all legal
matters. |
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Jennie Shook
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