Foreclosures in Whitewing at Higley? Gilbert, AZ

Yep...you read it right. One of the most beautiful neighborhoods in all of Gilbert, Whitewing at Higley, has a total of 8 homes in preforeclosure as of the time of this blog post (1.29.10 8:30am AZ time).

You might be thinking...how does this happen?

There are many reasons why a homeowner defaults on their mortgage. They may be headed to a divorce, had a job loss, had a reduction in pay, lost a spouse or loved one, had expensive medical issues, etc.

If you are a homeowner in this area and you are facing Trustee Sale, you need to talk with someone that can inform you of your options and can consult with you on the best route to take. Call me immediately. My office number is 602.476.1942. The best thing that you can do for yourself is to know what options you do have and to determine the best route to take that is most beneficial to your personal situation. This is not a "one size fits all" type situation. You have options and you should know about them. My job is to arm you with information.

Among the many options available to you, one option is to pursue a short sale. Call me immediately for more information (602.476.1942) or visit my website at: http://www.katiehalle.com/ and click on the "are you a short sale candidate" on the left hand side of the first page (in the black box). This is a good reference to determine if you are a good candidate. I am the short sale resource with the Bonnie Dillon Team (you may have seen our listing signs around your neighborhood). We are trusted experts in the area and have been helping homeowners buy and sell in Whitewing since it was built.

In a nut shell Banks prefer to approve a short sale rather than take your home into foreclosure...especially on the higher priced homes. They just don't want those on their books. Not only is it a non-performing asset but the government requires more reserves from the banks as their REO (real estate owned) inventory grows. This results in less money for the banks to lend which is what they are in business to do...lend, not stockpile REO inventory.

For the homeowner, short sales have much less negative impact on credit than foreclosure. Foreclosures stay on your credit history for 10 years, reducing scores by 200+ points, jeopardizes security clearance, increases insurance rates, and endangers current and future employment.

Call a Whitewing expert...The Bonnie Dillon Team!