Metropolitan Phoenix Foreclosures are on the Rise!
I saw an interesting article today by Catherine Reagor of the Arizona Republic in which she wrote, in part: "In July, notice of trustee sales, which are a lender's first step toward foreclosing on a house, climbed in metropolitan Phoenix to their highest level since early 2005. Last month, 837 homeowners got notices that they were at least three months behind on their mortgage payments. Those notices mean their mortgage firms are getting ready to evict them and auction off their houses on the courthouse steps."
As you can see, more and more folks are feeling the pinch, as interest rates on Home Equity Lines, credit cards, and especially non-traditional mortgages like the ARMs are all having their interest rates climb. Of course, the minimum payments climb right along with the rates.
If you would like to read the entire article by Catherine Reagor of the Arizona Republic, click here:
Foreclosures are on rise in Valley
As you can see, if you're in foreclosure now, you're certainly not alone! If you'd like to hear about ways we can help work with you to resolve your foreclosure situation, please call our 24-hour free educational message at 1-800-433-8563 Extension 86186. This educational message will provide lots of useful information and tell you how to obtain your own free copy of our Consumer's Guide to the Foreclosure Process, as well as a free gift when you receive the Guide.
As you can see, more and more folks are feeling the pinch, as interest rates on Home Equity Lines, credit cards, and especially non-traditional mortgages like the ARMs are all having their interest rates climb. Of course, the minimum payments climb right along with the rates.
If you would like to read the entire article by Catherine Reagor of the Arizona Republic, click here:
Foreclosures are on rise in Valley
As you can see, if you're in foreclosure now, you're certainly not alone! If you'd like to hear about ways we can help work with you to resolve your foreclosure situation, please call our 24-hour free educational message at 1-800-433-8563 Extension 86186. This educational message will provide lots of useful information and tell you how to obtain your own free copy of our Consumer's Guide to the Foreclosure Process, as well as a free gift when you receive the Guide.
posted by Bruce Voris at 1:45 AM
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