Real Estate Wiz Kid | Short Sale Negotiator | Arizona Realtor | Foreclosure Help

I have decided to voice some hopes about short sales for the year 2009.  I am not going to predict how many short sales are going to take place or how aware people are of short sales. I am going to voice my short sale hopes concerning the banks.

• I hope the short sale process gets quicker. This can be done by increased communication between the short sale negotiator and the bank.
• I wish you could talk to an “area” specific short sale representative. This way they would be informed about the number of Scottsdale short sales or the increased depreciation in certain Arizona areas.
• I hope the banks stop acting like they are doing some great favor to the homeowner. Yes, there are undeniable benefits with a short sale for a homeowner. But the only reason the bank even considers a short sale is because they get more money.
• I hope the bank stops cutting Realtor’s commission with a short sale. A short sale may be, at least 5X more difficult than a traditional sale. Just because the bank is taking a loss with a short sale does not mean the Realtor should be taking a hit.

Thanks for reading  and come back for some more!

- Jeff Buettner
Real Estate Wiz Kid

I need an Arizona Realtor for my Scottsdale short sale!

I have noticed a common incident occurring with these short sales and the bank’s short sale negotiators. I have noticed a lot of them are giving time lines to respond to them before they close out a file. I am working on a short sale in Phoenix , Arizona. It took me weeks to go through the normal short sale process. The bank received all my paperwork and I finally got a short sale negotiator. It took me multiple tries to get a hold of the short sale negotiator. When I finally talked to her…. she wanted a few specific things for her short sale file and if I didn’t get them to her within two days my short sale file would be closed out. Now this isn’t the end of the world but it definitely puts a wrench on things. It is ironic though that you can put so much time and effort into a short sale, only for the person who hasn’t responded to the last ten attempts at reaching them, puts a time line on your response. Short sales can be hectic, that’s for sure!

- Jeff Buettner
Real Estate Wiz Kid

I need to stop my Scottsdale foreclosure now!

I just set up a new fashion blog for a wonderful young woman. I suggest you check her out at SomePeaceLove&Fashion. She will have the latest trends and best fashion advice along with some wonderful writing.

Thanks for Reading!

- Jeff Buettner
Real Estate Wiz Kid

I’m upside down on my home and need a Phoenix Short Sale!

I have been getting some shocking questions concerning short sales. I have had a few phone calls that went like this…

• “I want to short sale my Phoenix home now but don’t want to leave until next summer.”
• “I think I want a short sale but don’t want to leave my home”
• “I have a Scottsdale short sale…. Can I buy another home when its all said and done?”

A short sale involves the sale of your home. You have to understand this. The short sale process take roughly 2 months for approval and then another month for the deal to close. You have to be ok with this timeline to proceed. A short sale hits your credit. It obviously doesn’t hit your credit as much as a foreclosure but a short sale does hit your credit. I reccommend you look for a property to rent during the negotiation on your short sale. Most can’t purchase a home for 16 to 24 months after a short sale. But this a 16-24 months where your credit is still pretty solid. If you secure a rental before it closes you will be better off.

Thanks for reading and come back soon!

- Jeff Buettner
Real Estate Wiz Kid

I would like to talk to an Arizona Realtor or talk to someone about my Arizona Short Sale.

- Jeff Buettner
Real Estate Wiz Kid

What is a Phoenix short sale? Who can help me with this Phoenix short sale?

So I talk a lot about short sales in my blog without addressing some other of the other options when attempting to stop foreclosure.  I have decided to go over them in this and future posts.

The start of foreclosure comes with missing mortgage payments. When you start missing mortgage payments you feel backed into a corner and don’t see many options for yourself. When in reality you do a few different roads you can go down.

• Option 1 For Avoiding Foreclosure: The first option for avoiding foreclosure is the most obvious and most commonly used. It is to simply pack up and move out of you home. Forget about the house and your mortgage and just let the bank take the house back from foreclosure. Out of sight, out of mind. This is obviously not the recommended path for most as this will hurt your credit the most.
• Option 2 For STOPPING FORECLOSURE: A second option for stopping foreclosure is a loan modification. A loan modification can be very helpful for some. In a loan modification, you essentially ask the bank to lower your mortgage payments to a more reasonable amount of which you can afford. Essentially allowing you to keep your home and stay out of foreclosure. You do need to have an idea and some reasonable proof of a lower payment that would work and why. If a bank sees that they declined you for a loan modification they look at your short sale attempt in a different and better light.
• Option 3 For STOPPING FORECLOSURE: Our talk about loan modification lead us to this option and widely discussed route of negotiating a short sale. A short sale is obviously a popular route for stopping foreclosure. It makes the most sense if you just can’t stay in your home any longer. A short sale involves selling your home for less than what you owe on it. A short sale gives your more power than foreclosure. It allows you to control you deficiency and lower the hurt on your credit.
• Option 4 For STOPPING FORECLOSURE:The fourth option for stopping foreclosure is what’s called a died in lieu. A deed in lieu is exactly what it sounds like. You give up the deed to your home in lieu of foreclosure. This once again is an excellent option for stopping foreclosure but is quite a bit more difficult. A deed in lieu is very possible once your deal with your second lien. A deed in lieu never addresses the second lien. You would first have to negotiate with them to release your lien before you can proceed with a deed in lieu and stop your foreclosure.

Thanks for listening.

- Jeff Buettner
Real Estate Wiz Kid

I owe more on my Chandler home than what is worth… I need short sale help now !

Craigslist is an excellent website. I have just started putting some of my listings on the there. It was interesting to me to see the different strategies for titles. Obviously you want a title that is eye catching and invites people to click and read more. At the same time you do not want a title that looks like a scam or a waste of time. Here is some of what I found just searching short sale:

$350000 Seller’s loss, your gain! Short Sale! (Exclamation points!!!)

$99000 *** Great Short Sale Starter Home in Surprise!!! ( Stars and Exclamation Points)

$1489000 SHORT SALE ( ALL CAPS)

Foreclosures (Simple but No Price)

$135000 SHORT SALE! Outstanding Deal in Phoenix ( CAPS Then a Description)

$105000 Great Phoenix Short Sale Condo with Great Location (Description with No Eye Catchers)

$325000 Short sale w/ stainless steel appl, cherry cabinets and travertine (Too Much Description)

So as I looked at all these short sale listings on Craigslist I found my eye gravitated towards some more than others. I like the listings that aren’t in all caps. I don’t like to be yelled at. ( SCOTTSDALE SHORT SALE HERE) Some explanation points are all right. I like them for emphasis not when there are more of them than the letters in the word. (Phoenix Short Sale! = YES Arizona !!!!! Short !!!!!! Sale !!!!! = No ). I am impartial to people who don’t put price. Obviously I would like to see the price of the short sale before I click but that might drive traffic. But STOP, STOP, STOP putting paragraph descriptions in the title people! Please! Once again, these were some examples from me just searching short sale on Craigslist. These are just some of my thoughts on postings but I am still kind of a newbie.

How do you approach posting an ad on Craigslist?

Are there any tricks that really work?

Can anyone track who views your listing?

Thanks again for reading!

- Jeff Buettner
Real Estate Wiz Kid

I need to stop foreclosure in Scottsdale!

This past Friday night, my evening was spent at a wonderful concert in the Phoenix valley. The name of the concert was Phooson. Phooson and its second year running was named because last year it was located between Phoenix and Tucson. Hence the named Phooson. While this year it was located in only the city of Phoenix, it was wonderful show. The concert featured The Academy Is…, Rihanna, The Pussycat Dolls, Katy Perry, Jesse McCartney, Tokio Hotel, Secondhand Serenade, Varsity Fanclub, and Fall Out Boy. Some of the artists weren’t my favorite but worth watching just to get a feel for them. The concert was emceed and put on by the famous Johnjay and Rich who have a morning show in Phoenix on 104.7 Kiss FM. It was overall a great night and wonderful concert. Thank you to Johnjay and Rich and Phoenix’s Cricket Pavillion for putting on the show.

- Jeff Buettner
Real Estate Wiz Kid

I just can’t make payments on my Scottsdale and Phoenix , Arizona home anymore !