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A US Department of the Treasury press release today announced a series of enhancements to the Home Affordability Modification Program (HAMP) aimed at helping some of the 11 million households whose homes are worth less than the full value of their loans....
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If you are an Arizona homeowner with negative equity and are considering a short sale, you probably have a lot of questions. The answers to the most commonly asked questions vary widely based on each person’s unique circumstances and it i s important...
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Loan modification may be the best option if your monthly payments are more than you can afford, but you do not have significant negative equity in the property. Most loan modifications involve a temporary reduction in the monthly payment amount, called...
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Definition of a short sale: A short sale is the process of selling a property for less than what is currently owed on the loan(s) and negotiating with the lien-holder(s) to accept the proceeds of the sale and forgive or settle the remaining debt (deficiency...
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Governor Jan Brewer recently signed HB 2008, which repeals SB 1271 and the changes to the anti-deficiency statute that were set to take effect at the end of this month. This is good news for Arizona Homeowners, especially those with negative equity who...
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