From the category archives:

Foreclosure

We’re Due for a Second Wave

by Jon Griffith February 1, 2010

Last year in Maricopa County, there were roughly 35,000 single family homes that sold.  That number almost matches the prior year.  Of those homes sold in 2009, 12,975 of them were Short Sales.  That’s 37% of the market.  That’s HUGE!  Most of those can be attributed to the sub-prime mortgage crisis and subsequent market crash. [...]

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The Moral Obligation: Repay or Walk?

by Jon Griffith January 30, 2010

Short Sales are a tricky beast.  There are two sides to the argument when it comes to paying off a loan that you’ve promised to pay.  The first argument is that you’ve signed a promise to pay and you have a moral obligation to do so.  The second argument says that the lenders took advantage [...]

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9 Ways to Prevent Foreclosure

by Jon Griffith January 30, 2010

Reinstatement Bring your loan current.  Contact your lender, let them know you’re going to get caught up, and you’ll be able to remove the Notice of Trustee’s Sale and your home won’t go to auction.  Make sure you and your lender are on the same page, and that you get everything in writing. Forebearance Contact [...]

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Understanding 16 Causes of Financial Distress

by Jon Griffith December 30, 2009

It is estimated that most American Families can only maintain their current living expenses for 60 days or less when their income is interrupted for any reason. My financial counselor, Dave Ramsey, provides a 6 step plan to financial success.  The first step is to sock away $1000.00 in an account that’s very easy to [...]

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Five Reasons to Avoid Foreclosure

by Jon Griffith December 26, 2009

Experiencing foreclosure is an extremely emotional event in one’s life. It ranks in the top 5 most-traumatic things that can happen to an individual. The ramifications of foreclosure reach much further than most people understand. Here are the top five reasons why avoiding foreclosure is the best choice you can make: Disclosure For the rest [...]

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