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"Arizona Short Sale Help"
Short Sales have been around for years. All the banks deal with them and almost everyone knows how long they can take. Over the past 5 years or so there have been these announcements about faster turn around times and easier approvals.
The banks are swamped. The major lenders get over a thousand new short [...]
Continue Reading →As everyone knows, short sales can be a pain. Patience is needed as a bank can draw out the process and provide vague unclear answers as to why the process is taking several months. Now, Freddie Mac and Fannie Mae take a step forward to shorten the short sale process.
Starting in June of 2012, [...]
Continue Reading →Here is a great video on the mortgage tax debt relief act which expires at the end of 2012. Please remember all of the California Specific Laws don’t apply in Arizona. All in all, still a very informative video.
Thanks for reading (or watching)
Sincerely,
Jeff Buettner
Continue Reading →The Mortgage Forgiveness Debt Relief Act has been around since 2007. Believe it or not, it has also been utilized and talked about since 2007. The Mortgage Forgiveness Debt Relief Act has helped a lot of homeowners who were faced with a 1099 after going through a short sale or foreclosure.
Well, there is some [...]
Continue Reading →If you need to sell your home, now is the time to do it. Things have been going crazy this week. We put a listing on the market and within 6 hours, we had a handful of contracts. It is definitely a seller’s market right now! Who knows how long it will stay this hot. [...]
Continue Reading →Take a look at this great video talking about strategic default, short sales, and foreclosure.
Continue Reading →I speak with a handful of homeowners every week who are facing foreclosure or who are considering a short sale. There is a common misconception in regard to short sales/foreclosure. The general public feels the banks HAVE to do this or are required to GIVE that. At the end of the day, that is just [...]
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 →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 →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 →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 →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 [...]
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