Are You Trapped in Today's Mortgage Loan Crisis?

If so, we have the solutions, experience and determination that will eliminate your home mortgage debt problems, protect your loan worthiness and allow you to get on with your life in a dignified and hassle-free manner.

It is NOT your Fault and you are NOT Alone! Arizona's Severe Economic & Real Estate Recession has hurt Thousands of West Valley Home Owners. 

Due to the poor local real estate market in the Phoenix area, and the nationwide mortgage loan crisis, many Arizona homeowners find themselves unable keep up with their increased mortgage payments, and many times the mortgage loan debt is more than the home is worth... in other words - no equity is left in the property. Many homeowners are unable to modify the loan, nor re-finance the home. Unfortunately, many homeowners give up, because they think there is nothing they can do to stop the foreclosure of the home. Well, there IS something you can do that's far better than a foreclosure... it's called a short sale. 

During a short sale, our team of experts have persuasive negotiations with your mortgage banker(s) on your behalf. Utilizing our expertise and vast experience, we are able to convince the mortgage bank(s) to reduce your loan balance on the home, in most cases. This allows us to then sell your home quickly to another buyer, versus allowing the bank to foreclose on your home which would ruin your credit and cause undue embarrassment. You may ask yourself "Why should I care, for I have no more equity left in my house ?"... Well, the fact is there are several important reasons why a short sale is far better for you compared to foreclosure... here's why: 

1.) SHORTER PERIOD OF DAMAGED CREDIT: A foreclosure will stay on your credit report for 7 years, but a bank short sale will typically only last about 2 to 3 years on your credit report.

2.) BETTER FICO SCORE: A foreclosure more negatively affects your FICO score, which is the all important credit rating number mortgage lenders use to determine if they will loan money to you or not. Many mortgage experts believe that a foreclosure will drop your FICO score by 100 to 200 points more than a short sale does. If you want to borrow money in the next 5 to 7 years for a car, boat or another home, then the short sale will make a big improvement.

3.) MUCH SHORTER DELAY TO RENEWED LOAN WORTHINESS: Fannie Mae (FNMA) recently changed their underwriting policy. This new policy now requires a past homeowner to wait 5 years after a foreclosure sale before FNMA will underwrite a new loan.  But, if the homeowner conducted a short sale, then the wait time for a new loan with FNMA is just 2 years! 

4.) PROBABLE RELIEF FROM HELOC 2ND MORTGAGE: If you have a 2nd HELOC mortgage, and the 1st mortgage bank were to foreclose, the 2nd HELOC loan is not deleted from your debts as a "purchase money" 2nd would be. In these situations, the 2nd HELOC loan becomes unsecured debt, and the HELOC mortgage bank may take other legal means to collect their debt. During a short sale, we are often able to negotiate with the 1st Lender and the 2nd HELOC lender, to highly reduce or eliminate the HELOC loan debt and thereby avoid legal debt liabilities. 

5.) DIGNIFIED SOLUTION: During a short sale, you decide to sell your home to another potential home buyer - just like your neighbors have over the years. It is a relatively pleasant and dignified resolution to a very tough situation. On the other hand, after the foreclosure sale, a bank representative comes by the home to lock up the doors and windows and change the locks. If you are still there, they contact the local sheriff to have you forcibly  evicted. The home then sits vacant for several months as the grass gets brown and the trash and papers collect in the yard. The agent for the bank usually slaps 'Bank Foreclosure' signs all over the property while the house sits empty waiting for a sale.

6.) EASIER TO FIND NEW HOME: If you are like most people in this situation, you will be looking for a home to rent after this issue is resolved. It is easier to find a nicer home to rent if you conduct a short sale versus a foreclosure. Most property managers obtain a credit report. A short sale, whereby you cooperated with your bank to resolve the situation, is much better than a foreclosure on your credit report. Often times, this will allow you to rent a home in a better location with a lower rent payment.

The longer you wait, the harder it is for us to help.

The Krone Team of experts consists of  a certified distressed property expert, bank negotiators, real estate & internet marketing experts, listing and buyer specialists and a transaction coordinator. Our team experience goes back to the early 1980's when Arizona experienced its last major real estate down turn in the local real estate market.

We have helped numerous homeowners in the cities of Buckeye, Goodyear, Avondale, Litchfield Park, and elsewhere in the southwest valley, and we can help you as well. Don't trust your home short sale with just any Realtor!! You may only have one shot at this, and there is a lot riding on the successful negotiations with your bank and subsequent sale of your home. We're an experienced short sale team... We're licensed Brokers in the state of Arizona, and we've been working in the real estate industry with short sales, foreclosures and bank-owned properties since 1983. ... We've negotiated with many banks to reduce loan balances or postpone foreclosures, or to re-structure loans on the behalf of the home owner... In short, we've been involved in every facet of the short sale and/or foreclosure process and we're here to help you with your mortgage loan crisis.

Most importantly time is of the essence. If foreclosure proceedings have already started on your home, then you have only 3 months and 3 weeks before your home is sold at the public foreclosure auction on the courthouse steps. Our team of experts can often get the foreclosure process delayed, but only if you call us. Please don't hesitate, or sit in hope that your financial fortunes will significantly change in the next 2 months. 

Please give is a call TODAY, so we can begin to help you TOMMORROW. Call us at: 623-337-8277, or drop us an email at: Info@KroneTeam.com.  We'll keep the conversation and your situation in strict confidence.  If you prefer, contact us by filling out the form below.