What are the qualifications for HARP?
Great question!
You may be eligible for HARP if you meet all of the following criteria:
The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae. The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009. The mortgage [...]
Continue Reading →During the short sale process, the short sale lender will always want to try and decipher what “market value” is. They do this to determine whether they will net more money with a short sale or a foreclosure. They essentailly use this market value number as a basis for all of their calculations.
So, how [...]
Continue Reading →Take a look at this three minute video. It breaks down how a short sale in Arizona works and goes into some of the basics.
If you have any short sale questions, please don’t hesitate to call or email us. As always you are free to browse all of our [...]
Continue Reading →We are going to step back from talking about short sale and talk about the loan modification or mortgage modification. If you are looking to keep your home, a loan modification might be a better option than a short sale although they are very difficult to get approved.
Below is a very informative video on [...]
Continue Reading →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 →
