Seller Help

In these hard financial times many home owners do not know that they have options when their mortgage becomes hard to pay. Here are some options a seller has:

1.Restructure the payments with the Creditor(s)
2.Rent the home
3.Foreclosure
4. Deed in lieu- Give the house back to the creditor
5.Seller bringing money to the closing table
6.Forebearance-Creditor(s) will often cut payment in half for 6 months
7.Bankruptcy Chapter
8.Sell the home

Here are also some links to help the seller:

www.MakingHomeAffordable.gov
www.hopenow.com
www.workitout.com
http://www.azag.gov/consumer/foreclosure/documents/StateTaskForceWorkbook.pdf

And also a Hotline Number if you don't have internest access

Arizona Foreclosure Helpline 1-877-448-1211