• Home
  • About
  • Ways to Contact: 480-463-4062

A Griffith Listing

Real Estate Services by Jon Griffith

Five Reasons to Avoid Foreclosure

December 26, 2009 by admin

Experiencing foreclosure is an extremely emotional event in one’s life. It ranks in the top 5 most-traumatic things that can happen to an individual. The ramifications of foreclosure reach much further than most people understand. Here are the top five reasons why avoiding foreclosure is the best choice you can make:

Disclosure

For the rest of your life, you will always have to disclose that you have been through a foreclosure.  When you fill out any application that asks whether or not you’ve been through a foreclosure, you’ll find that the only options are YES, or NO.  You will be required to answer truthfully in order to avoid being involved in mortgage fraud.

Credit Score

When your bank repossesses your home, your credit score can drop by 300 points or more.  It takes a long time to repair your credit history, and this will surely knock you into a no-qualify position financially.  Not only that, but it will affect other service providers that you may have, and could affect your future employment.  Some insurance companies check your credit score and use that as a measurement of risk.  Your rates could sky-rocket as a result.  You can be assured that your credit card rates will also be raised the next time your creditors check your credit status.  All of that can be extremely costly down the road.

Permanent

Foreclosure is a permanent event.  You cannot have a foreclosure removed from a credit history report.  In fact, the only information you have have modified on your credit history is data that is considered an error.  All other events will remain on your report for a long time.  A foreclosure will stick with YOU forever, even if it disappears from your report.  You will always be obligated to report it if asked on a legal document.

Security Clearance

If you work in an industry that requires security clearance to do your job, such as the military, or other high level security jobs, you will be at risk of losing that clearance.  In most cases, when people lose their clearance, they lose their job.  Foreclosure can lead you to unemployment.

Job Hunting

There are plenty of companies who run your credit history report when you apply for a job.  If your record is tarnished by a foreclosure, your future employer may consider this when they compare you to another candidate with a clean record.  You want to remain as marketable as you can, so having a foreclosure will impact your ability to find new work.

There is a clear difference between living with foreclosure and moving forward without it.  I can help you prevent it through the process of a short sale.  Contact me today for more information.

  1. For the REST OF YOUR LIFE, you will ALWAYS have to disclose that you have been through a foreclosure when you apply for a mortgage.
  2. Your credit score will drop by up to, and perhaps more than 300 points.  Credit scores are being reviewed by insurance companies and other service providers to assess risk and determine what they’re going to charge you.  In EVERY CASE, a low credit score costs more than NO credit score or a high credit score.
  3. It is virtually impossible to reverse or repair your credit report and the foreclosure will remain on your record for up to 10 years.  Regardless of the length that it remains on your credit report,

Filed Under: Foreclosure, Highlight Reel, Real Estate Basics Tagged With: check, history, service, time

What Does It Mean: Upside Down In Your Home

December 10, 2009 by admin

03upside-down-houseNo, it doesn’t literally mean that you’re upside-down.  It’s a financial term that describes the relationship between the value of your home and what you still owe on your home mortgage.

When you borrow money, you usually have to have something to secure that money against, so the bank has a way to recover their money if you don’t pay your payments on time.  Usually, it’s the item you’re purchasing.

When the bank loans you money on a house, they do so based on the current value of the house, with the assumption that you will pay back the loan in full, over time, regardless of the value of the home at the time you sell it.

Sometimes your home appreciates (increases) in value, and sometimes, such as in recent years, your house depreciates (decreases) in value.

If your home’s value is less than what you owe the bank, then it is said that you are “upside-down.”  There are only a few remedies for this situation, and they depend upon your future plans, and your current financial circumstances.

It’s okay to be upside-down in your home if you plan on staying there long enough to ride out the ups and downs of real estate values.  Don’t panic if your home is worth less than you owe.  If you can afford your payments and you have a relatively secure job, you can stay.

But, if you are in a financial situation where your income has decreased, your payments have increased, or any other circumstance has caused undue stress on the wallet, it may be time to take a look at your housing options, and perhaps find a less expensive place to live.

If you’re upside-down and you are faced with this situation where you must sell to make the right changes in your life, you are considered a short-sale candidate.

Don’t be overwhelmed, there are thousands of people in your position.  You are not alone.  Selling homes that are upside-down happens every day.  I know, I’ve done it, and it’s called a Short Sale.

It is nothing to be ashamed of.  I recently spoke with a client who said that she “felt like white trash,” just because she couldn’t afford her mortgage payments any more.  This is so far from the truth.

Whether your home is under $100,000 in value, or over 1,000,000.00 in value, if you’re upside-down and you’re facing financial troubles that will eventually lead to you losing the house, then it’s time to put your ducks in a row and hire a Certified Distressed Property Expert to help you prevent this from happening.

Upside-down simply means it’s going to be a bit more challenging, and will take a bit longer than normal to sell your home.  It also means that it will most likely cost you nothing out of pocket in the end.

Don’t give up!  There is a solution to being upside-down in your home.

Filed Under: Uncategorized Tagged With: distressed, Foreclosure, money, mortgage, short sale, time, upside down, value

Blog Because They Do, Epic Fail

November 12, 2009 by admin

My first experience with a blog was sometime around 2002 when I discovered Oblivio.com by Michael Barrish. If you choose to visit the site, you’ll have to Google it, as the content is rather raw. It’s also outdated. It doesn’t look like he’s posted anything since December of 2007.Lemmings.jpg

I was intrigued by the fact that he had managed to chew his fingernails off to the point of not being able to grow back. Not sure how this happens, but I saw pictures and had an in depth e-mail exchange with him regarding the topic.

I was immediately intrigued by this world of blogging. The platform of the day? MoveableType. I don’t use it anymore because WordPress has taken over as the world’s leading platform. I was so intrigued that I learned how to install the software and utilize it for my own benefit. The problem was that I was more interested in spouting off or ranting about things that nobody cared about than I was in providing valuable content, and it really didn’t turn out to be a benefit.

I looked at starting a blog as a way to move my personal journal online so I would never lose it. Not a whole lot of people care about what we have to say about ourselves as much as they care about us listening to what they have to say. People care about what we have to say that will help them do what they want to do.

I posted, and posted, and posted, not knowing a whole lot about why I was posting. I was in the middle of a pretty heavy breakup and I found it quite therapeutic to rant about my broken heart. I have since read some of those posts, many of which are basically cries of help to get me out of the emotional pit I was in, and they are radically pathetic, and very personal. It’s like those letters you write to a lost love that you need to write just to get the information out; not something you want to re-read, nor have others read, nor have her read. That’s a pending disaster.

So, my cleansing period ended, and so did my desire to blog. My desire to write, however, did not end. I have always been a creative writer. it was one of my chosen electives in high school and I’ve always enjoyed the writing assignments…the creative ones. The topics that require research bore me to death. So, I write about what I’m feeling, but I try to put an informative spin on it so it doesn’t sound too much like I’m talking about myself. This article could be an exception…I’ll let you decide if you want to keep reading.

Fast forward to 2005, New Valley Church, pre-Facebook. There was a period of time where everyone who was anyone had to have a blog because it was the cool thing to do. He starts a blog, so she starts a blog, and they start a blog, and blog blog blog. Vomit. Blogs about everything that nobody wanted to read. Family news blogs, personal journal blogs, “look at me” blogs; blogs that the blog-owner would write because they told themselves that they would write at least once a day but never did because they didn’t really want to do it.

And so…

First Rule of Not Blogging: If you don’t like to write, you will not like to blog. I don’t care how dedicated you think you are to keeping a “journal,” you will not write with the frequency you expect of yourself and you will let it slide, and it won’t matter, because you don’t have a passion for writing.

Second Rule of Not Blogging: If you don’t like to write, you will not like to blog.

Need I list anymore rules? Blogging needs to have purpose, and if you spend time writing, you need to spend time telling people about it, otherwise it’s sitting out there in the blogosphere with nobody watching.

Don’t start a blog just because you’ve been told that you should start a blog. If you intend to provide value through experience, and perhaps promote a product or solution to someone else’s problem, then publishing your expertise online is definitely a must in today’s world. But if you don’t really have anything to say, or share that is truly worth at least someone’s time then blogging about it isn’t something you would want to waste your time doing.

One of my closest friends expressed how discouraged he was because nobody interacted with him on his blog about Turkey Hunting. Now, I don’t profess to be a hunter, and although I would enjoy it thoroughly, I don’t have the time to get into hunting right now. Chad Taylor knows about Turkey Hunting, extensively. He knows so much about it that he could actually make a difference in the hunting world with the information his brain is carrying, and he could do it through a blog, and he could make money doing so. That is where the true value of his knowledge lies. When you publish your passion online, thoughtfully, intelligently, and with purpose, and you promote it with hours of hard work (big secret), you will find your audience, and you will be able to monetize the interested parties.Spr+Hunt+06+-+Chad.jpg

The difference between the published content that the gate-keepers control, and the content that the individual controls, is measured by the quality and relevance to the intended audience. We’re in a world where anyone can publish anything online, and I’ll remind you that we’re also in a world where some people are good at writing, and some are not. Those who have a knack for telling a story, or conveying an idea, or providing a solution or tutorial in a clear, concise, intelligent way will be the ones who draw an eye and establish an authoritative presence.

If you simply blog because they do, you will fail. But hey, failure is how you learn, right?

I’d love to know what you think about this article. Please leave a comment below.

Filed Under: Tips for Success Tagged With: blogging, spend, time, value

Comparing Consequences: Short Sale and Foreclosure

September 17, 2009 by admin

Challenge:  Buy a primary residence with a loan.

After Forclosure:  Probably not for about 5 to 7 years.
After Short Sale:  More likely 2 years.

Challenge:  Borrow to purchase an investment property.

After Foreclosure:  You’ll be waiting 7 years before you can do this.
After Short Sale:  2 Years and you’re golden.

Challenge:  Borrow money from anyone other than Fannie Mae to purchase a property.

After Foreclosure:  Applications ask if you’ve foreclosed.  By law, you have to disclose.
After Short Sale:  No applications will ask if you have ever sold a house short of what you owe.

Challenge:  Maintain Credit Score

After Foreclosure:  You’ll be affected by 250 to 300 points for roughly 3 years.
After Short Sale:  When you close a short sale, they report the debt as paid for less.  This is not as derogatory as a foreclosure, and may only drop your score by about 50 points for a year to a year and a half.

Speak to a debt expert online to find out which route out of the red is going to be the best one for you to take.

Challenge:  Sparkling clean credit history

After Foreclosure:  This will remain on your credit report for 10 years or more.
After Short Sale:  Not reported.  They do not report “Short Sale” on credit reports.  It will be reported as Paid or Settled.

Challenge:  Get a job in the military or other highly secure position in corporate America.

After Foreclosure:  Not likely.  You blew it dude.  Now you have a history of bailing out.
After Short Sale:  No problem.  Won’t show up on a background check.

Challenge:  Stay employed.

After Foreclosure:  Disclose that you foreclosed on your property and your employer may catch wind of it, which could lead to termination, especially if you’re in a position that is sensitive to the company.
After Short Sale:  Not reported on your credit, so they won’t have a clue.

Challenge:  Get a job.

After Foreclosure:  Employers can check your credit, and challenge your potential employment due to this type of derogatory mark on your history.
After Short Sale:  Not Reported.  You’re hired!

Challenge:  Avoid a deficiency judgment.

After Foreclosure:  If you live in a state that is a non-deficiency state, you may be safe, but if you don’t, you may be on the hook for the difference of what the house brings at auction, and what you originally agreed to pay.
After Short Sale:  No deficiency, depending on the type of loan.  Part of the short sale agreement typically releases you from all liability.

Challenge:  Minimize the amount of the deficiency.

After Foreclosure:  The cost of foreclosure increases the amount you’ll be deficient.  If your home forecloses, you could end up being on the hook for far more than if you sell short.
After Short Sale:  Short sales, unlike bank owned properties, sell closer to market value, thereby minimizing the amount that you would be deficient.

Filed Under: Uncategorized Tagged With: Foreclosure, history, property, short sale

She’s Not Homeless

August 23, 2009 by admin

She was still groggy.  I saw her shift into the kitchen, listlessly.  The faucet quickly supplied what sounded like a very small glass of water.  The cats outnumber the dogs under this house.  I sat near what appeared to be the cat room looking in at the hissing occupants as they assumed I was there to scrap, yet all I wanted was for her to let me in so I could play too.  She keeps feeding me, but I have never managed to make it inside the house.  She slips out quickly and closes the door behind her, and that’s when I usually miss my opportunity.  One of these days she’ll get herself locked out of the house.  I hope it’s today.

As I hastily consumed the veritable smorgasbord of kibbles and bits that I had been offered, as I was every day this strange creature existed here, I noticed the panic on her face, and the lack of pants.  Trust me, even though I’m menacing and appear large as I perch on people’s window sills, I am adept, agile, and very, very intelligent.  I laughed inside.  It was a purrfect moment.  I had wished that she would lock herself out for not allowing me in, and she did.  HA! HA!

Scamper scamper…

[Note: Cats don’t usually stick around long enough to divulge all of the information.  See her perspective here if you’d like to know the rest of the story.]

Filed Under: Creative Writing Tagged With: HA, Note Cats, opportunity, Trust

Another Credit Card Company Scheme

June 1, 2009 by admin

Credit card SEO Agency companyes come up with any and every desperate attempt to keep you as a “customer.” They do not treat you like a customer, however, and you’re the one who pays their bills with outrageous interest rates and risk of fees that your mother would be ashamed of.

The most recent interaction with a credit card company happened today when I noticed that my card company had boosted my rate from 12% to 25% for the second time. I pay my bills on time. With interest rates doubling, so do monthly interest charges. Their software is designed to work in their favor regarding statement dates and due dates.

To save you hours of frustration, do yourself a favor. Pay cash for things you buy. Reward points are not worth it, and this has been proved with statistics that show that consumers will spend on average 12-18% more using a credit card than they will using a debit card or cash.

The Scheme of the Day

If I enroll in a new program at the credit card company, which they say is completely free, I have the opportunity to be credited up to $550.00 just for making my payments on time. The trendy company names program lasts 8 months, and I have to make on-time payments every month for those 8 months. After this period, I will receive a credit of 10% of my balance up to $550.00 no later than 3 months after the program ends.

What do I see here? I see a credit card company desperately trying to lock me into an account that I cannot close. I see a scheme to force me to hold a credit card for at the very least, 8 months, and possibly 11 months. I’m sure that the cc company has researched the behavioral habits of overspending due to credit cards, and the increased likelihood that a card holder with a zero balance will soon become a card holder with a balance.

My representative was very short with me as I asked questions that slowly revealed the truth in the program. Sure, the program is free, but it’s worth more to me to not take on any risk at all.

Filed Under: Tips and Tricks Tagged With: credit card, credit cards, credit cards suck, Day If, debt elimination, interest, program, slave to the lender, The Scheme, time

  • « Previous Page
  • 1
  • …
  • 9
  • 10
  • 11
  • 12
  • 13
  • …
  • 41
  • Next Page »

Archives

  • September 2023
  • April 2022
  • March 2016
  • January 2016
  • December 2015
  • October 2015
  • June 2015
  • May 2015
  • April 2015
  • February 2015
  • January 2015
  • July 2014
  • April 2014
  • March 2014
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • May 2013
  • March 2013
  • February 2013
  • July 2012
  • March 2012
  • December 2011
  • December 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • September 2009
  • August 2009
  • June 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • April 2007
  • March 2007
  • November 2006
  • August 2006
  • June 2006
  • September 2005
  • August 2005

Test

  • About
  • Affordability Calculator
  • Arizona Department of Real Estate Buyer Advisory
    • Additional Information
    • Common Documents a Buyer Should Review
      • Affidavit of Disclosure
      • County Assessors/Tax Records
      • Covenants, Conditions and Restrictions (“CC&R’s”)
      • HOA Disclosures
      • Home Warranty Policy
      • Homeowner’s Association (“HOA”) Governing Documents
      • Lead Based Paint Addendum
      • Loan Documents
      • MLS Printout
      • Professional Home Inspection Report
      • Purchase Contract
      • Seller’s Property Disclosure Statement (“SPDS”)
      • Termites and Other Wood Destroying Insects and Organisms
      • The Subdivision Public Report
      • Title Report or Title Commitment
    • Common Physical Conditions in the Property a Buyer Should Investigate
      • #206 (no title)
      • Deaths and Felonies on the Property
      • Endangered and Threatened Species
      • Flood Plain Status
      • Indoor Environmental Concerns
      • Insurance (Claims History)
      • Other Property Conditions
      • Pests
      • Previous Fire/Flood
      • Property Boundaries
      • Repairs and New Construction
      • Roof
      • Septic and Other On-Site Wastewater Treatment Facilities
      • Sewer
      • Square Footage
      • Swimming Pools and Spas
      • Water/Well Issues
    • Conditions Affecting the Area Surrounding the Property the Buyer Should Investigate
      • City Profile Report
      • Crime Statistics
      • Electromagnetic Fields
      • Environmental Concerns
      • Forested Areas
      • Freeway Construction and Traffic Conditions
      • Military and Public Airports
      • Schools
      • Sex Offenders
      • Superfund Sites
      • Zoning/Planning/Neighborhood Services
    • Other Methods to Obtain Information About a Property
  • Blog
  • Days Inventory
  • Downloads
  • Downloads
  • Frequently Asked Questions
  • Greater Coronado Historic
  • Hiring the Right Agent
  • Home
  • Homepage
  • Homes We’ve Sold
  • How do Real Estate Agents get Paid?
  • jongriffith
  • Link Sharing
  • LOST on ABC Season 4 Finale Poetry Party
  • LOST Season 5 Premiere Poems
  • Market Statistics
    • Market Data for All of ARMLS
  • Mashup
  • MLS Search
  • Mortgage Calculator
  • My Account
  • My Account
  • My Listings
  • My Listings
  • NextDoor Neighborhood Report
  • No Access
  • Obtaining a New Loan
  • On Fitness
  • On Money
  • On Music
  • On Nutrition
  • On Real Estate
  • On Real Estate
  • On Triathlons
  • Online Store
  • Outdoor Living
    • Phoenix Area Hiking and Cycling Trails
  • Page Full of Miscellaneous Things
  • Products Page
    • Transaction Results
    • Verify your Order
    • Your Account
  • Properties
  • Purchase Contract
  • Questions
  • Questions
  • Rates
  • Request a Showing
  • Sample Documents
  • School Matters
  • Schools
    • Arizona AIMS Testing
  • Scottsdale Listings
  • Scottsdale Listings
  • Search Results
  • Sell A Home
    • Marketing Strategy
  • Sell Our House
  • Seller’s Market
  • Selling Short
  • Services
  • Setting the Right Price
  • Shop
  • Shop Product List
  • Short Sale Seller Advisory
    • Before Proceeding With A Short Sale
    • What is a Short Sale?
  • Site Introduction
  • Social Stream
  • Supply and Demand: X Marks the Spot
  • Test
  • Testimonial
  • Testimonials
  • TEsting
  • Testing Full Page
  • Thank You!
  • Thanks!
  • The Creativity of LOST Addicts
  • The Dry Rub
  • The Purchase Contract
  • The Volleygirls Shenanigans
  • Thoughts on Postmate Tips
  • Title
  • Understanding Pool Barrier Laws
  • Videos
  • Ways to Contact
  • Website Consulting
  • Website Hosting Sign-Up
  • Websites for REALTORS
  • What is a Buyer’s Agent?
  • What is a Listing Agent?
  • What is a Real Estate Agent?
  • What is a REALTOR?
  • What Is Entrecard?
  • What’s YOUR Home Worth?
  • Why Use a REALTOR?
  • Work
  • Worship Songs
  • Your Home’s Value

Copyright © 2025 · AgentPress Pro Theme on Genesis Framework · WordPress · Log in