Real Estate Wiz Kid | Short Sale Negotiator | Arizona Realtor | Foreclosure Help

The Bank’s Short Sale Negotiators

Jeffrey — Fri, 21 Nov 2008 19:10:20 +0000

I am working a Chandler short sale and to no surprise this file has hit a slight short sale bump like some tend to do. When negotiating short sales you expect little things to come along. These days it tends to be the bank’s short sale negotiators. Most banks give their short sale negotiators 30 days to review. During this 30 days, you will hate yourself and your file because you feel helpless. You used to be able to get the negotiator’s number or email to try and sweet talk them to hurrying up. These days the short sale policies are becoming more and more strict. Basic customer service reps will not give you short sale negotiators numbers! They just wont. It becomes more and more frustrating to deal with short sales but its always good to work in a field that helps others.

Thanks for reading!

- Jeff Buettner
Real Estate Wiz Kid

I need to short sale my Chandler home before it goes to foreclosue!

Lender Owned Properties in Arizona

Jeffrey — Tue, 18 Nov 2008 20:31:29 +0000

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 !

Some interesting short sale articles…

Jeffrey — Mon, 17 Nov 2008 01:05:52 +0000

So you all know by now that I am a short sale negotiator and Realtor. I negotiate Phoenix and Scottsdale short sales for hours every day. I obviously have my personal opinions and bias about short sales and their process. Since this site is intended for others to learn about short sales I decided to give some suggestions on different articles to read from other top bloggers.

Please read these articles. They are all very insightful and written by great writers!

Thanks for reading.

- Jeff Buettner
Real Estate Wiz Kid

AHHHH! I think I need to short sale my house ?!?

Real Esate Wiz Kid Survey

Jeffrey — Sun, 16 Nov 2008 01:51:23 +0000

Thank you valiant readers. I have decided to ask an important question. What would you guys prefer to read about?

Do you want more Arizona specific short sale information? ( Scottsdale Short Sales, Phoenix Short Sales)
Do you want to know whats going on in Arizona these days? (Events, Openings, Shows…)
Do you want more general short sale information? (Tap into my expertise)
Would you prefer more Arizona specific real estate information?

Please, everyone, leave a comment and tell me what would you like to see more on this site.

Thanks, as always, for reading.

- Jeff Buettner
Real Estate Wiz Kid

The bank is trying to foreclose! What do I do?

Scottsdale Short Sales will rise! GUARANTEED

Jeffrey — Sat, 15 Nov 2008 18:16:10 +0000

Short sales are all over the Arizona as we all know. Short sales pop up in all neihborhoods in all price ranges. It is no surprise though that we tend to see more short sales in what I like to call the short sale prone areas. These areas in my mind are the Phoenix area and its outskirts (Outside the 101 Loop). I tend to believe we will start seeing more and more short sales in the Scottsdale area. I know you are asking, why, Jeff, will we see more Scottsdale short sales?

More Scottsdale Short Sales Reason 1: Scottsdale homes tend to be higher priced therefor Scottsdale short sales will have to depreciate through more equity.
More Scottsdale Short Sales Reason 2: Purchasers of Scottsdale homes tend to have more cash reserves to save their home from becoming a Scottsdale short sale longer.
More Scottsdale Short Sales Reason 3: Scottsdale homes tend to be be bought with a larger down payment which builds in more equity, once again, prolonging it from becoming a Scottsdale short sale.

Thanks for reading and come back soon.

- Jeff Buettner
Real Estate Wiz Kid

How do I stop foreclosure on my Phoenix home?

Feng Shui Coins

Jeffrey — Fri, 14 Nov 2008 23:22:48 +0000

I have found and added feng shui coins to my journey of feng shui exploration. I recently bought these little wonders at the Feng Shui store in Phoenix. Feng shui coins are three golden colored coins tied together with a red ribbon. You can carry them around with you (I keep them in my wallet) or you can set them at a desk in your home. Like I said, Feng shui coins are three special golden coins tied together with a red ribbon. The number 3 represents heaven man and earth united. The red ribbon symbolizes the securring of your current money while increasing your wealth. What can these Feng Shui coins do for you?

Attract wealth
Bring Prosperity
Attract helpful people
Bring you help when needed
and Protect and Bring Income

Hope everyone enjoys going out and purchasing these little beauties. They are fun to have and pretty cheap to purchase. I picked up my little mini ones for a few dollars. Have fun and good luck with your new coins.

Thanks for reading.

- Jeff Buettner
Real Estate Wiz Kid

I would like to talk to a Arizona Realtor about selling my house…

Aurora’s Online Short Sale Updates

Jeffrey — Thu, 13 Nov 2008 19:33:00 +0000

I wrote post once explaining that certain banks are trying different things to make short sales go a little smoother. The influence for that post was Aurora implementing an online short sale update website. Aurora has created this new website for quicker and frankly easier short sale updates. One goes on the website, enters in their short sale loan number and some security info and your in. Well my friends, this short sale solution has not done much at all. I logged on today…. and the short sale updates where about a month old. I apologize to evryone. I know everyone is always crossing their fingers for the day when we can get faster updates and a smoother short sale process. Unfortunately my friends, that day has not come for short sales.

Thanks for reading.

- Jeff Buettner
Real Estate Wiz Kid

Where can I find a reliable Arizona Short Sale negotiator?

Everyone should love this short sale story =)

Jeffrey — Mon, 10 Nov 2008 22:13:44 +0000

So I am negotiating on a short sale with the bank First Horizon. I have only had a few short sales with them but their routine seems to be similar to the others. Anyways, after I sent in the short sale paperwork I made a few phone calls to their loss mitigation department in which the hold time exceeded a hour every time. Eventually I was able to get the short sale negotiators extension. I have called the short sale negotiator at least three times a week for the past month. Everytime I call I get Jane Doe is at lunch, Jane Doe is at break, Jane Doe is at home. Every single time. EVERY TIME!!!!! It has gotten past the point of frustrating. Now everytime I call, I know what to expect and just laugh. It is so ridulous, I have gotten one voicemail returned. Lucky for me, i have a few contacts at most banks. I was able to get a hold of another short sale negotiator who sits next Jane Doe and now I am able to get updates from her.

Who else has short sale negotiator nightmare stories?

Thanks for reading.

- Jeff Buettner
Real Estate Wiz Kid

Who is experienced with Phoenix real estate?

When considering a short sale…

Jeffrey — Fri, 07 Nov 2008 02:23:37 +0000

I realize when heading down the pre-foreclosure road you have many things to think about. There is a lot even when is comes down to short sales. In my mind, when considering any preforeclosure method, especially a short sale, you have to look at two main categories. The first main ramification when looking at short sales is the legal side. The second short sale ramification are tax issues.

Short Sale Legal Ramifications to Consider:

Promissory Note
Banks Legally Pursuing You
Anti Deficiency laws

Short Sale Tax Ramifications to Consider:

1099C
Mortgage Forgiveness Debt Relief Act of 2007

Consider all these things while raking a short sale or any pre-foreclosure route. Any seasoned short sale negotiator will have solutions, answers, and paths for knowledge for all these hurdles.

Thanks for reading!

- Jeff Buettner
Real Estate Wiz Kid

Short Sale? What is it?

My Realtor Class

Jeffrey — Thu, 06 Nov 2008 23:08:10 +0000

I went to a Scottsdale Association of Realtors class yesterday. I will have to admit I didn’t find the class all that interesting until the very end. At the end, a man came and spoke about being a realtor for a number of years. this man was very joyful and funny. He gave us the secrets to being a great realtor. He said:

Real Estate Tip #1 : Stand Up! Stop sitting at your desk all day. Go out and meet people.
Real Estate Tip #2 : Work with people you like.
Real Estate Tip #3 : Work with a smaller group that you have great connections with rather than a bigger group with ok connections.
Real Estate Tip #4 : Be happy and think positive!

This man was a great joy to hear talk. I hope one day to be as charasmatic and joyful as him. He knew real estate and he knows real estate is connections. Real estate is about who you know. He is successful so you have to take what he has to say to heart.

- Jeff Buettner
Real Estate Wiz Kid

Thanks for reading.