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Upside Down and Nowhere to Go? Real Estate Information at Your Fingertips

Business & Real Estate - Real Estate

The majority of homeowners in the San Tan Valley are in a quandary. According to Amy Gerrish, 32, real estate broker for Home Smart Brokerage, 95% are upside down in their mortgages; meaning their mortgage is bigger than the market value of their home.

The good news is that there are options available for those who are upside down and struggling to pay their mortgage but still have a job.

Read more: Upside Down and Nowhere to Go? Real Estate Information at Your Fingertips

 

San Tan Valley Real Estate

Business & Real Estate - Real Estate

Sherry ButlerReal Estate one year ago and in 2007 in zip codes 85240, 85242 and 85243 was a mark in history that will not be soon forgotten. We were grasping the “Short Sale” market along with foreclosures by the dozens.

Many had bought their homes with 100% financing on adjustable rate mortgages to keep their payment down in hopes that they would get a raise or would have the opportunity to re-finance when the time came for the loan to adjust up.

Read more: San Tan Valley Real Estate

 

Has Your Credit Changed?

Business & Real Estate - Real Estate

It's a combination car, pick-up truck and SUV. You really want it. The features are great, the style is the latest and its affordable - after the down payment, the cost is only $300 a month.

"Would you buy this car today if I can include the genuine wood grain, rubberized side moldings?" asks the salesman. Has Your Credit Changed?

Before emitting a strong "yes,” stop and consider what's about to happen. You will be increasing your debt load and monthly payments, things which make mortgage lenders edgy. If you want to buy a home in the coming months, you need to carefully consider your financial choices.

Read more: Has Your Credit Changed?