Arizona Short Sale Help | Scottsdale Short Sale Negotiator | Phoenix Foreclosure Help | Scottsdale Arizona Short Sales » Bank Owned Foreclosures http://realestatewizkid.com Have a foreclosure auction scheduled? Need to speak to someone about a short sale? Tue, 07 Feb 2012 17:33:16 +0000 en hourly 1 http://wordpress.org/?v= With a short sale in Arizona, is it better to leave your home? http://realestatewizkid.com/with-a-short-sale-in-arizona-is-it-better-to-leave-your-home/ http://realestatewizkid.com/with-a-short-sale-in-arizona-is-it-better-to-leave-your-home/#comments Mon, 16 Jan 2012 16:35:23 +0000 Jeffrey http://realestatewizkid.com/?p=602 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 [...]]]> 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 you find a balance between each that works best for your family while going through the short sale process.

Pros For Staying In The Home While Doing A Short Sale

  • An occupied home tends to show and sell better. Buyer’s can visualize themselves in the home. This alone tends to produce higher contracts and more serious buyers.
  • If you are currently behind on payments, staying in the home while the short sale is negotiated can relieve some of the financial burden.
  • If the bank find’s out the home is vacant, sometimes they do what is called “winterizing the home”. This might involve boarding up the pool or changing the locks. these are just minor hiccups in the grand scheme of things but might delay the sale.


    • Pros For Leaving The Home During The Short Sale Process

  • If you are behind on your mortgage payments, the longer you wait to find a rental the harder it becomes. For this alone, I usually recommend to homeowners to secure a place as quickly as possible.
  • The amount of time it takes to get an approval on a short sale varies. While normally it is a longer amount of time than expected, every once and awhile an approval can come in sooner than expected. If you are living in the home when an approval is received you usually will have to vacate within 30 days or less. This can be very stressful if you’re not prepared.
  • Sometimes living in the home while the short sale is being worked is just too stressful for some. The thought of leaving the house you soent so much time to make your home can be difficult.

    • Like I said in the beginning, this isn’t a one stop answer for everyone. I advise my clients to evaluate the Pros/Cons above and figure out the balance that is best for your family.

    If you have any short sale questions, please don’t hesitate to Contact Us.

    Thanks for reading.

    Sincerely,

    Jeff Buettner

    ]]>     http://realestatewizkid.com/with-a-short-sale-in-arizona-is-it-better-to-leave-your-home/feed/ 2     Lender Owned Properties in Arizona http://realestatewizkid.com/lender-owned-properties-in-arizona/ http://realestatewizkid.com/lender-owned-properties-in-arizona/#comments Tue, 18 Nov 2008 20:31:29 +0000 Jeffrey http://realestatewizkid.com/?p=97 So here are some intersting facts. I received some information concerning the percentage of home that are sold as REOs in the Maricopa County in Arizona. REOs are not short sales, they are properties that have taken back by the lender after foreclosure.

    40% of reported sales for Maricopa County, Arizona in September were Lender [...]]]>     So here are some intersting facts. I received some information concerning the percentage of home that are sold as REOs in the Maricopa County in Arizona. REOs are not short sales, they are properties that have taken back by the lender after foreclosure.

    • 40% of reported sales for Maricopa County, Arizona in September were Lender Owned.
    • 51% of reported sales for Glendale, Arizona in September were Lender Owned.
    • 43% of reported sales for Goodyear Arizona in September were Lender Owned.
    • 42% of reported sales for Peoria Arizona in September were Lender Owned.
    • 44% of reported sales for Surprise Arizona in September were Lender Owned.
    • 56% of reported sales for Tolleson Arizona in September were Lender Owned.
    • 46% of reported sales for Phoenix Arizona in September were Lender Owned.
    • 30% of reported sales for Chandler Arizona in September were Lender Owned.
    • 40% of reported sales for Mesa Arizona in September were Lender Owned.
    • 46% of reported sales for Queen Creek Arizona in September were Lender Owned.
    • Only 20% of reported sales for Scottsdale Arizona in September were Lender Owned.

    Thanks for reading.

    - Jeff Buettner
    Real Estate Wiz Kid

    I just can’t make payments on my Scottsdale home anymore !

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