A forecase from RealtyTrac projects a record 3 million foreclosures in 2010. In comparision, 2009 has 2.82 million foreclosures. They project over 4.5 million households in 2010 will have a foreclosure filing. A filing is an intent by bank to foreclose but they have to wait State required time periods to foreclose or postpone due to short sale or loan modification activity. In contrast, 2009 saw 3.96 fiilings last year.

Government programs aimed at helping homeowners stay in their home have failed. Only one percent of the four million loans have been targeted for loan modification. It appears the government has all but given up on trying to get banks to modify loans. Starting April 2010 the Treasury has implemented timeframes to expediate short sale approvals for select banks.

Please visit www.ishortsaleaz.com to read about avoiding foreclosure and helping you answer your questions on what's best for your family.