The wave of foreclosures Arizona homeowners have seen since the recent years past  is subsiding to normal levels, but the Phoenix housing shortage could keep potential buyers away from
their dream homes for a while. 

New foreclosures are down 65 percent from a year ago. The number of completed
foreclosures is down 50 percent from May 2012. 

Since 2006, approximately 300,000 homes have gone through the foreclosure process or short sale process in the Phoenix real estate market.. So we are beginning to come off the wave that has kept our home values down.

This is a hard time for buyers right now as they watch as interest rates climb as well as home values. Many Phoenix home buyers are looking to get the best deal possible and with low inventory we see multiple offers on homes and offers over asking price. 

Mortgage lenders are looking for near perfect credit scores for buyers as they don't want a repeat of the frenzy in 2005-2007. There are many credit repair companies out there to help Phoenix home buyers repair their credit. Do your due diligence and ask around for good reputable companies.

The latest statistics show that fewer U.S. homes entered the  foreclosure process or were repossessed by banks in June. Lenders initiated the foreclosure process on 57,286 homes last month, the lowest level for any month in the last 7½ years. 

Foreclosures are on schedule to reach 800,000 this year and that is down from 1.1 million foreclousures the previous year.

Most homes that are set up for public auction typically end up going back to the bank, which opens the door for the properties to be placed back on the market as sharply discounted foreclosed homes later this year. Lenders foreclosed and repossessed just over 35,000 homes last month, down nearly 9 percent from May and a drop of 35 percent from last year

At the height of the housing bubble in 2006, completed foreclosures averaged 22,000 a month. They peaked in September 2010 at 102,000 foreclousures a month on average. More stringent lending standards for home loans since the housing bubble burst have helped slow the pace of foreclosures.

About 75 percent of the 824,292 U.S. homes in the foreclosure process as of June are tied to loans that were originated between 2004 and 2008.

Many people have questions about Arizona foreclosures. I want to address some of those here on my blog. With so many homeowners facing foreclosure in Arizona, coverage of this important topic seems to be everywhere. 

A foreclosure occurs when a property owner can’t make payments on their loan, leading to the property being sold by the lender at auction. If you can no longer afford to make your mortgage payment, the most important thing to do is communicate with your lender(s). Simply walking away is not the answer. Foreclosures bring severe consequences, including:

Legal Fees
Damaged Credit Rating
Lower Property Values
Difficutly Finding Alternative Housing Due to Bad Credit

Many Arizona Homeowners wonder if they have to vacate the property immediately after  the Arizona foreclosure is started?

Answer: The filing process is the beginning of the foreclosure process, but it does not mean you must surrender your home and move out immediately. You should however communicate with your mortgage lender and let them know what your plans are. You do have options, including securing a loan modification, selling your home before the Trustee Sale among other avenues. 

A foreclosure lowers your credit score and stays in your credit history for many years. It could be as much as 7-10 years. On top of that, most lenders even after the 10 years has passed will ask you if you have ever had a foreclosure in the past. Typically, a foreclosure will reduce your credit score by as much as 200-400 points. Again you do have options and just because the foreclosure process has started there are things you can to to stop foreclosure in Arizona. If you can work with your mortgage lender and/or sell your home before the Arizona Trustee Sale date then you can stop the foreclosure.

If we can help you with anything during this stressful time please give us a call. We specialize in stopping foreclosure in Arizona. Call us Today to Stop Foreclosure in Arizona (480)-788-0357.

We will make you a fast, fair offer on your house and provide you with a number of options. We charge no commissions.
We buy all types of homes in any condition for any reason.  Here is part of what we offer.

No Fees, No Commissions, No Contigencies, No Hassle
We Will Pay Your Closings Costs For You
We Will Give You a Fair Price For Your Home
We Don't Want You to Do Any Repairs
We Will Buy Your Arizona Home "As-Is"
All Transactions Are Kept Extremely Confidential

Give us a Call Today at 480-788-0357 if we can be of any assistance.

Hello! I have really been wanting to start a blog here on my website for some time now. I am excited to share with you my comments experiences  as I see them.

Let me first introduce myself. My name is Kirk Flake and I am an Arizona Native! We are hard to come by these days. My family has been in Arizona since the late 1800's and helped to settle Northeastern Arizona. I love Arizona and all it has to offer for my family. I am a family man. I love to share that with people. My greatest joy is being with my beautiful wife and children.

I have always had an interest in Real Estate. When I was growing up my father and brother had a business together in real estate in the area of farm and ranch sales and appraisals. I think I took from that my interest in real estate. I however chose to put my interest into residential real estate and especially in the area of foreclosure properties. Something intrigued me about foreclosures. Something intrigued me about the process and how it all worked. I began to educate myself through schools, books and whatever I could get my hands on. I really saw a place where I could literally step in and have an opportunity to help a homeowner out of a tough situation and make a difference for them. That was exciting to me. So ten years ago I started our family owned business! I also obtained my Arizona Real Estate license as well to be able to offer even more services and knowledge.

I wanted the name of the company to portray what we do in a few short words. You guessed it, I named the company Unload Your Abode, Inc. Since we buy houses, it seemed to fit just right. Since the company opened its doors for business we have helped numerous homeowners in Arizona avoid the unwanted problem of foreclosure. We serve the Phoenix metro areas including Mesa, Chandler, Gilbert, Tempe, San Tan Valley, Queen Creek, Gold Canyon, Apache Junction, Casa Grande and Maricopa. We specialize in stopping foreclosure actions against homes.

I know the Arizona Foreclosure Process and can help you avoid it. I do want to let you know that we do not offer legal advice. We simply know what works and what has worked in the past. We pass on that information to you. For foreclosure legal advice we would suggest speaking with a real estate attorney.

What I can tell you though is that We Buy Houses FAST! Selling your home before the Trustee Sale will stop the foreclosure process in Arizona. We can close on your house in as little as 7 days or less. We are the Premier Home Buyers in Maricopa and Pinal counties and know what it takes to stop foreclosure in Arizona.  If we can ever be of assistance to you, please call us at (480) 788-0357.