Call 480.365.8025 | Real Estate Wiz Kid | Short Sale Negotiator | Arizona Realtor | Foreclosure Help » Uncategorized http://realestatewizkid.com A blog all about real estate, short sales, foreclosures, and Phoenix, Arizona. Fri, 25 Jun 2010 22:04:56 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Use A Short Sale To Escape AZ Foreclosure http://realestatewizkid.com/use-a-short-sale-to-escape-az-foreclosure/ http://realestatewizkid.com/use-a-short-sale-to-escape-az-foreclosure/#comments Fri, 25 Jun 2010 22:04:56 +0000 Jeffrey http://realestatewizkid.com/?p=188 Great Article: http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/UseAShortSaleToEscapeForeclosure.aspx

If you can no longer make your mortgage payments and your home is now worth less than you owe on it, foreclosure may not be your only option.
A short sale, in real-estate terms, is the sale of a house for less than what the owner still owes on the mortgage. If the lender agrees to a short sale, the rest of the homeowner’s debt typically is forgiven. Lenders sometimes agree to the procedure in order to take a small loss and avoid the lengthy and costly foreclosure process.
While there are some significant negative consequences to a short sale, an ever-increasing number of properties are being advertised with that label.
Short sale: Win-win-win situation
The beauty of short sales is that they can be a win-win-win situation for seller, buyer and lender. Here’s how:
The seller gets out of the mortgageliability without facing bankruptcy.
The buyer gets the home at a reduced price.
The lender agrees to a loss it considers minimal without going through a foreclosure and being saddled with an unsalable property.
While it may seem surprising that lenders would agree to accept less than what they are owed, they benefit from the process, too.
“The lender benefits by not having to go through the protracted process of foreclosing on the borrower and then having to put the property on the market and go through the whole marketing process,” says Stuart Wilson, a real-estate agent with Paragon Real Estate in San Francisco.
A market saturated with foreclosures can cost lenders billions — and as much as $50,000 per foreclosure — according to a study by the congressional Joint Economic Committee.

]]> http://realestatewizkid.com/use-a-short-sale-to-escape-az-foreclosure/feed/ 0 Strategic Default http://realestatewizkid.com/strategic-default/ http://realestatewizkid.com/strategic-default/#comments Fri, 23 Apr 2010 20:33:03 +0000 Jeffrey http://realestatewizkid.com/?p=184

Visit msnbc.com for breaking news, world news, and news about the economy

]]> http://realestatewizkid.com/strategic-default/feed/ 0 Scottsdale Short Sale Help http://realestatewizkid.com/scottsdale-short-sale-help/ http://realestatewizkid.com/scottsdale-short-sale-help/#comments Thu, 22 Apr 2010 23:02:41 +0000 Jeffrey http://realestatewizkid.com/?p=182 If you need Scottsdale Short Sale help, please don’t hesitate to contact me at anytime.

Sincerely,

Jeff Buettner

480.767.3062

]]> http://realestatewizkid.com/scottsdale-short-sale-help/feed/ 0 Scottsdale – The Way Others See It http://realestatewizkid.com/scottsdale-the-way-others-see-it/ http://realestatewizkid.com/scottsdale-the-way-others-see-it/#comments Wed, 12 Aug 2009 16:39:11 +0000 Jeffrey http://realestatewizkid.com/?p=144

]]> http://realestatewizkid.com/scottsdale-the-way-others-see-it/feed/ 2 Buyers Agents Should Be More Informed About Short Sale http://realestatewizkid.com/buyers-agents-should-be-more-informed-about-short-sale/ http://realestatewizkid.com/buyers-agents-should-be-more-informed-about-short-sale/#comments Mon, 10 Aug 2009 18:00:34 +0000 Jeffrey http://realestatewizkid.com/?p=143 I get way too many phone calls from uneducated buyer’s agents. Every agent in this market should be up to date and educated on short sales and REOs! If your agent isn’t “interested” in learning about the way the market is today. You should dump them immeidately.

Thanks for reading.

- Jeff Buettner
Real Estate Wiz Kid
Arizona Short Sale Realtor & Negotiator

I need an Arizona Realtor for my Scottsdale short sale!

]]> http://realestatewizkid.com/buyers-agents-should-be-more-informed-about-short-sale/feed/ 3 Some Major Bank Mergers For Short Sales http://realestatewizkid.com/major-short-sale-mergers/ http://realestatewizkid.com/major-short-sale-mergers/#comments Thu, 09 Jul 2009 17:14:11 +0000 Jeffrey http://realestatewizkid.com/?p=139 Just as a heads up. I am finding a lot of people who are un aware of the Bank of America/Countrywide merge and the WaMu/Chase merge. These things are very critical to short sale. Short sale negotiatons is all about knowing the style of the bank. What is their system? How do they work? What do they normalley except for a short sale? All these questions and answer are bank specific. When two banks merge, it changes the whole game up. Not we are seeing a very slow transition with these banks. Most fax numbers and update lines are the same. We aren’t seeing to many employees being shifted around. I do have a feeling it will start soon. And it will only add to the confusion.

Good luck with your short sales.

Thanks for reading.

- Jeff Buettner
Real Estate Wiz Kid
Arizona Short Sale Realtor & Negotiator

I need some Scottsdale short sale help please!?

]]> http://realestatewizkid.com/major-short-sale-mergers/feed/ 5 Video On Economy Worth Watching http://realestatewizkid.com/video-on-economy-worth-watching/ http://realestatewizkid.com/video-on-economy-worth-watching/#comments Sun, 28 Jun 2009 22:32:46 +0000 Jeffrey http://realestatewizkid.com/?p=136

- Jeff Buettner
Real Estate Wiz Kid
Arizona Short Sale Realtor & Negotiator

I need someone with Arizona short sale experience!

]]> http://realestatewizkid.com/video-on-economy-worth-watching/feed/ 3 My First iPhone Post http://realestatewizkid.com/my-first-iphone-post/ http://realestatewizkid.com/my-first-iphone-post/#comments Wed, 24 Jun 2009 18:46:48 +0000 Jeffrey http://realestatewizkid.com/?p=135 Hello all faithful short sale followers.
This is my first of many posts from my new iPhone. I can now dole out useful short sale help whenever from where ever.

Keep coming back for more!

Jeff Buettner
Arizona Short Sale Realtor & Negotiator

]]> http://realestatewizkid.com/my-first-iphone-post/feed/ 2 Short Sale Class http://realestatewizkid.com/short-sale-class/ http://realestatewizkid.com/short-sale-class/#comments Wed, 17 Jun 2009 14:57:12 +0000 Jeffrey http://realestatewizkid.com/?p=133 I am attanding one of the many short sale classes avalable to us realtors. There are so mnay to choose from that it is hard to know which one’s are the best. Well I have decided to invest 4 hours of my time into this one. Ill let you know if the short sale class was worth

- Jeff Buettner
Real Estate Wiz Kid
Arizona Short Sale Realtor & Negotiator

Who can tell me what the Scottsdale real estate market is like today? Because I need help with a Scottsdale short sale!

]]> http://realestatewizkid.com/short-sale-class/feed/ 4 The Bank’s Timeline http://realestatewizkid.com/the-banks-timeline/ http://realestatewizkid.com/the-banks-timeline/#comments Tue, 30 Dec 2008 16:22:25 +0000 Jeffrey http://realestatewizkid.com/?p=116 I have noticed a common incident occurring with these short sales and the bank’s short sale negotiators. I have noticed a lot of them are giving time lines to respond to them before they close out a file. I am working on a short sale in Phoenix , Arizona. It took me weeks to go through the normal short sale process. The bank received all my paperwork and I finally got a short sale negotiator. It took me multiple tries to get a hold of the short sale negotiator. When I finally talked to her…. she wanted a few specific things for her short sale file and if I didn’t get them to her within two days my short sale file would be closed out. Now this isn’t the end of the world but it definitely puts a wrench on things. It is ironic though that you can put so much time and effort into a short sale, only for the person who hasn’t responded to the last ten attempts at reaching them, puts a time line on your response. Short sales can be hectic, that’s for sure!

- Jeff Buettner
Real Estate Wiz Kid
Arizona Short Sale Realtor & Negotiator

I need to stop my Scottsdale foreclosure now!

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