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"Short Sale"
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 →It’s unfortunate as a percentage of the phone calls I receive are from desperate homeowners. They aren’t desperate because they are nearing foreclosure but because they aren’t sure how to proceed forward from their particular position. They are lost or confused and their short sale agent has mislead them in one way or another.
This [...]
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 →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 →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 →After talking to a ton of people day in and day out about short sales, I often get quoted the very low success percentages that the media has thrown together. I have heard people say on average only 40%, 30%, and even 20% of all short sales get approved. How is it that there are [...]
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 [...]
Continue Reading →Fannie Mae, the Federal National Mortgage Association, was setup with an aim to give the ability to the lenders to reinvest their assets and offer them additional and more secure lending options. FNMA helps the secondary mortgage market and has helped Americans for the past few decades by increasing the number of lenders and thereby [...]
Continue Reading →As you all know, I have several Arizona short sales with a ton of banks. The most predominant bank my Arizona short sales are with is Bank of America. the reason for this, Bank of America has recently taken over COuntrywide. This is causing a major issue. On the majority of our Bank of America [...]
Continue Reading →Yes folks, it has happened. The number one rule of short sales has been broken and is being broken more and more. What is the number one rule of short sales? The homeowner CAN’T receive proceeds from the sale. They aren’t allowed too. Now that is changing for a few lucky homeowners. A very small [...]
Continue Reading →I can’t stress this point enough. Please make sure you hire an experienced short sale negotiator / short sale Realtor. Too many people just click on the first result from Google and assume they are qualified.
Too many sites are falsly ranked because they have content like:
We serivce short sale in the following [...]
Continue Reading →Short sales can make you want to scream.
- Jeff Buettner
Real Estate Wiz Kid
Arizona Short Sale Realtor & Negotiator
I’m upside down on my home and need a [...]
Continue Reading →I thank all of you for reading my blog about Arizona short sales. I spend my whole day dealing with short sales in Arizona. I work them all over, from Scottsdale , Arizona to Laveen , Arizona. I have been negotiating these arizona short sales for years. I appreciate that you guys respect my opinion [...]
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