Consequences, Consequences
There are many consequences you may have to face if you are unable to stop Arizona foreclosure. You could end up with increased taxes if the IRS forces you to reports the lender’s loss as part of your income. Because your credit profile will be in ruins, you will not be able to borrow money for quite a while. Companies may be able to take legal action against you under certain conditions. Finally, if you can’t stop Arizona foreclosure, it could leave you feeling embarrassed, depressed, and low self-esteem. Think carefully before letting the home fall to the mortgage company.