Power Ranch bank owned homes and Foreclosures: America has been hit with one of the hardest real estate downturns in the last 100 years. Many people living in Power Ranch are now "upside down" in their homes often due to no fault of their own. As one of a few Power Ranch Realtors I always recommend that my clients seek the counsel of an attorney and CPA before they do anything with their home. Every situation is different and there is no one answer to a given situation.
Banks are getting more reasonable with short sales and not foreclosing as quickly as they once did. The programs to restructure a loan have not worked out to well and the vast majority of those ultimately went to foreclosure. I think much of this was due to the bank not accepting a principle reduction but merely re-amortizing the loan and throwing the interest on the end of the payment stream. I have two articles regarding Power Ranch Arizona foreclosures FAQ and Power Ranch Arizona short sales FAQ; these principles will apply to any home in Maricopa County. If you would like three referrals to attorneys or CPA's please contact me. I will help you get through this tough time and work with you as we repair your credit and even help you find a rental or even a lease/purchase.
