Why Foreclosure? You Do Have Options To Avoid It In Anthem
By Tony and Suzanne Marriott, Associate Brokers, Haven Express @ Keller Williams Arizona Realty
(Serving the Greater Phoenix and Scottsdale Metropolitan Area)
Although we no longer see the levels of Short Sales that we did a few years ago in Anthem, Notices of Default continue to be issued, meaning that yet another Anthem property is on the path towards foreclosure at auction on the courthouse steps. Suzanne and I wonder why the owners would allow the property to go to foreclosure, rather than investigate alternatives that may be mutually beneficial to themselves and their lenders. Not all properties heading for foreclosure are necessarily "under water" - which theoretically means they could be sold via a "traditional" sale rather than a "short sale" - but circumstances may mean there are other liens attached or other factors that inhibit or prevent the owners from selling the property - whether or not it's a short sale. Short Sales are "regu...
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