An Arizona Short Sale And Your Credit...

I was asked a very good question the pother day in regards to a short sale in arizona and one’s credit. The woman was very nice and simply wanted to know if the effect on her credit would be more severe with a short sale and missed payments or a foreclosure. The answer to this question is very simple. A short sale in arizona is always going to be better than a foreclosure. Everyone’s credit is different, so you can never be exactly positive with short sales. A good general rule is a short sale hits your credit 125-150 plus your missed payments and a foreclosure...

Arizona Short Sales Rise With Unemployme...

You hear something new about the economy every single day. Everyone loves to talk about the Arizona real estate market. Someone told me yesterday that they think the market is going to pick back up and short sales will die out here in the next few months. I have some bad news for the short sale non-believers. This is not the case. Lets say the market stops decresing today and starts appreciating tomorrow. Even at a honest appreciation of 5-7% a year, we still have years before some individuals have equity in their home. With unemployment on the rise, the hardships will...