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"Arizona Short Sale"
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 →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 →For those of you who have been through a short sale or have been reading up on them, you know they are difficult. That is the truth. Unfortunately though, the short sale’s worst enemy is the homeowner. That’s right. The homeowner almost always hinders the short sale more than anything else. It’s either they aren’t [...]
Continue Reading →So, you lost your job, or just going through hard times. The terrifying thought that you can’t continue to make your mortgage payments starts to surface. Most run from this thought. It’s scary, I understand. You know you just can’t make ends meet anymore but you don’t want to admit it. You don’t want to [...]
Continue Reading →Being involved in the negotiations of short sales on a day to day basis, I understand the struggle that comes along with these difficult transactions. On the flip side, I know there are also a number of skilled short sale agents out there. The process, with some determination, can be somewhat perfected. Unfortunately, for the [...]
Continue Reading →Now we have all been suckered by the banks in one way or another, but where they are trying to hit us hard in our pockets is our own home sweet home. Because a majority of us here in this fine nation, and even the fine state of Arizona, have to purchase homes with a [...]
Continue Reading →In Scottsdale and throughout Arizona, there is what I like to call a short sale pandemic. There are a few facts in regard to short sales and real estate floating around that are very troubling. The majority of individuals looking to sell their home or are in need of Scottsdale short sale assistance, hire the [...]
Continue Reading →Some new laws and regulations are in the process of being out into place regarding how short sales are handled and the individuals that handle these particular short sales.
One regulation to be exact, is what I want to talk about.
“Numerous regulations have recently been enacted governing short sale negotiations. In short, these regulations [...]
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