There is a flurry of information out there in regard to short sales, foreclosures, and just lenders in general. Before you can truly understand why these lenders do the things they do, you have to understand what motivates them. When you understand what motivates them, it is then, you can provide the correct facts to [...]
Continue Reading →There are a lot of statistics out there in regard to short sales in Arizona and the housing crisis. Some of these statistics will quote “homeowners who are upside down on their mortgage”. One of the qualification of doing an Arizona short sale is being upside on your mortgage.
Here is a great video [...]
Continue Reading →An Arm’s Length Transaction has to do with the relationships between the parties involved in a particular transaction. More often than not, a short sale lender will require all parties of the short sale to sign an Arm’s Length Addendum.
Embedded below is a very good video about what makes up an Arm’s Length [...]
Continue Reading →With all of the short sales in Arizona that I have handled, one the trickiest questions to answer is about when the homeowner should leave their property. This tends to be a heated debate between short sale experts as there are pros for each side. I will talk about the different perspectives and I suggest [...]
Continue Reading →Embedded below is a very useful video on how a short sale works. If you have any questions, please don’t hesitate to ask.
Thanks for continually checking up on short sales in Arizona.
Thanks for reading.
Sincerely,
Jeff Buettner
Continue Reading →The HAFA program and HAFA short sales have made some headlines as of late. Some boast this new government program as the end all be all for “difficult” short sales. Let’s take a look and see what it takes to qualify for a HAFA short sale.
For starters, your primary lender has to volunteer to [...]
Continue Reading →Brent T White is a local Arizonan and college professor. He make some very valid and interesting points on the economical and moral debate of short sale, foreclosure, and strategic default.
If you haven’t had a chance to read some of his articles, I reccomend you check our our “Brent T White” section http://realestatewizkid.com/short-sale-information/brent-t-white/
Thanks [...]
Continue Reading →This is a big misconception among the general population these days in regard to short sales. A short sale, if you don’t already know, is the selling of a home where you owe more than it is worth. To do this, one must get approval from their lien holders/ the company’s that service their mortgage.
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Continue Reading →You can now search for Scottsdale homes on our other website: http://realscottsdalerealestate.com
Please feel free to poke around and look at anything from real estate by zip code or specific Scottsdale condo complexes.
If you have any questions, please feel free to ask.
Sincerely,
Jeff Buettner
Continue Reading →Believe it or not, I read a statistic the other day that said close to 80% of individuals never talk to any kind of professional before or during the time their home goes into foreclosure. This shocked me. Their home is close to arizona foreclosure and they just don’t speak to anyone about it! They [...]
Continue Reading →Times are tough. Plus, I can almost guarantee your home is under water. So clearly, doing an equity sale is out of the question. If you’re behind on your mortgage payments you might have just received a Notice of Trustee’s Sale. Basically, the bank is letting you know they are eventually going to foreclosure on [...]
Continue Reading →I was at a pretty big real estate event in the valley yesterday. They had some wonderful real estate veterans speaking about the market and their secrets to success. My favorite speaker though happened to be the gentleman that started the Cromford Report.
For those of you who haven’t heard of the Cromford Report, [...]
Continue Reading →If you know what makes a short sale a short sale, you understand that this scenario can pop up in almost any market if the conditions are right. Well, for whatever reason, there is this delusion about the luxury market and not suffering the down turn in the housing market. Well folks, I’m hear to [...]
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