The Scott's Sell Scottsdale

Due to a variety of reasons, many of today’s homeowners are facing some serious hurdles in the current market place. Is your house worth less than you owe? Whether you purchased your home in the height of the boom and now your creative loan is about to escalate to a new monthly mortgage payment you cannot afford or if your job/business is suffering the effects of the recession, you can be pro-active about the future of your home ownership.

One option allows for loan restructuring/modification. This is an opportunity to obtain new loan terms for your existing mortgage. You principal balance is not reduced but new terms are negotiated presumably to decrease your current monthly mortgage payments. Be careful who you deal with as this industry remains largely unregulated. Unfortunately, many times this simply delays the eventual loss of the home.

Another option is the short sale. A short sale typically is executed to prevent a home foreclosure. In a short sale the bank agree to forgive a portion of the owners principal balance due.  The home is sold at the current market value which is usually significantly less than the mortgage and the owner is basically forgiven the debt.

The last option is to simply walk away and let the bank foreclose/take the property back.

All of these options lead to consequences for the homeowner.

Be Pro-Active. If you see potential problems in the future, don’t wait until you receive that threatening letter from the bank. Begin researching your options early in the process. Ideally even before you even miss any mortgage payments. Avoid the run around from the bank. Consider qualified legal representation for advice regarding lender negotiations and debt settlements. Understand your risks and rights. Legal council can analyze your situation and offer a variety of possible solutions and strategies designed to reduce the negative impact on your credit and to ensure that your legal rights are protected.

Call today to find out how to get a No Cost legal consultation today!

Office: 480-948-0550 **** Toll Free: 866-464-2140

School is out, kids are home and the warm weather has officially arrived. Time for Summer in the Sonoran Desert! For those of us to live here year round lovingly referred to as "Desert Rats", this is just another opportunity to enjoy our heat.

For those hearty soles who love golf,set those tee times are set earlier in the morning or in the late afternoon. What an awsome opportunities to play on those very expensive courses at quite reasonable prices! Do you think these exclusive may help improve your game?

The Scottsdale Parks and Recreation division opens registration today (June 1) to enroll in a variety of classes. If you want to learn a new hobby, how about ceramics, jewelry making, painting, sewing or dance? For those who prefer more strenuous activities, there are aerobic classes, swim classes , tennis lessors & leagues or hiking adventures. How about learning CPR or cartoon drawing? There is something for everyone-they offer a wide variety of activities for pre-schooles to teens to seniors! Check it out and consider signing up for the various opportunities available through the Scottsdale park and recreation division.

There are a assortment of summer camps for kids!  The Scottsdale Music Camp, the Boys Girls Clubs of Scottsdale Summer Camp, Hubbard Summer Sports Camp, the Scottsdale Unified School District offers summer academic/enrichment camps or how about the Young Chefs Academy?

The free concert series hosted by McCormick-Stillman Railroad Park is available to the public Sunday evenings from 7:30 - 9:00 pm through July 5th. Get your blanket or chair and listen to local bands under the stars. The train and Carousel will be operating for kids and parents alike. The Botanical Gardens is presenting its annual Jazz in the Garden 2009 Concert Series. Kierland Commons offers a Summer Concert Series. This event for the entire family is held every Saturday evening from June 6 - July 25 from 7 - 10pm (excluding Saturday, July 4th).

Thinking about how to get out of the heat for some cool entertainment? There are many neighborhood movie theaters offering great kid summer movie series.  Tickets only cost minimal and they show some fun kids movies like Shrek, Curious George, and Shrek2...

If you have some time off and don't want to go far, many of the local upscale resorts are offering ubelievable deals to stay for a few nights. You can be pampered while the kids take advantage of the fun pools and activities.

Of course, there is always the Phoenix Zoo, various museums,summer arts and craft fairs, Rawhide and the Arizona Diamondbacks baseball.

So, enjoy the sunshine and take advantage of some fun summer activities.

If you are considering a move the the Valley of the Sun -  please use this map search to find homes currently listed for sale in Scottsdale and the greater Phoenix metro area

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