You would like to buy a home and finally settle down after going through High School, College and the first years of your professional life, having found your dear spouse and now planning to become a family. In fact, you are about to make a truly important choice in your life, that is finding the right house and the right people that get you and your partner in there.

There are realtors and mortgage bankers to see, for a start. If you are a little further on in the process and have already taken on a mortgage, there are additional people to interact with, e.g. notaries and CPA’s. Supposing you are not quite able to pay the rates, and the first notices of default are flocking in, attorneys are the ones to consult. In short, many specialized professionals are involved in the real estate business, and it is advisable to know who to ask at which time.

Your options are manifold, especially when your professional situation changed and you are not able to keep the house. Naturally, a notice of eviction by the sheriff is the worst case scenario, which will certainly not happen if you are in the picture about your rights and options. Reading on, you will find the terms loan modification, short sale, right of redemption and foreclosure explained, only to name a few.

The original advice on the former blog “The AZ Real Estate Pro” was given by Arizona-based realtor and attorney Jason Wells in 2010. This content presents a continuation of Wells’ site, however without him being the author, anymore. All advice and information given may not be affiliated to Wells himself or Keller Williams Arizona Realty, anymore. For detailed information, see the site notice.