Steps to Take to Avoid Foreclosure in Arizona
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There May Be Time Left to Avoid a Foreclosure! |
Wondering Where to Begin To Avoid Foreclosure Contact The Meglio Macklin Group at Desert Platinum Properties for a confidential discussion to learn what your options might be to avoid foreclosure in the Scottsdale and surrounding areas of Phoenix. Order the FREE Reports available via email or mail. Call Jay at 480-226-7871 or Michelle at 480-226-4633. Consult your accountant and attorney for additional advice and possible tax or legal ramifications with a short sale or foreclosure. If you do not have one, ask Jay or Michelle Macklin for some professional recommendations. Read all of the FREE Reports offered by The Meglio Macklin Group to learn more about the short sale process, how to modify your loan, and what the common mistakes homeowners make that cost them their home!
in the Scottsdale, Arizona area?
Timing is crucial if you want to avoid ending up in foreclosure! Here is a small glimpse at the beginning stages of taking control and lifting the pressure that has been building on your shoulders! Obviously, this process is very complicated and not easy, however, if we can save you from foreclosure, then it is well worth it! Take a deep breath, and start with step one.
STEP ONE:
STEP TWO:
Read about the Making Home Affordable plan to learn whether loan modification could be an option
STEP THREE:
If a short sale is considered an option, receive the Homeowner Document Preparation Checklist from The Meglio Macklin Group and prepare all of the documents needed to work with the banks.
Read about your IRS Tax Consequences in The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
Download IRS Form 982 for Reduction of Tax Indebtness Due to Discharge of Indebtness
STEP FOUR:
Jay and Michelle will carefully analyze the surrounding real estate market and give an expert opinion of value. List your property for sale and begin marketing the property to attract AS MANY OFFERS AS POSSIBLE. Meanwhile, a preliminary Short Sale Package will be submitted to the bank(s) by The Meglio Macklin Group on your behalf and negotiations will begin.
STEP FIVE:
Contract submitted to the bank and negotiations begin again until the lender(s) accepts the payoff. Escrow is opened and carefully tracked to ensure a timely closing.
STEP SIX:
You can move on to the next chapter and exhale, knowing that you did everything possible to avoid foreclosure and save your credit.
