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Use A Short Sale To Escape AZ Foreclosure

Jeffrey — Fri, 25 Jun 2010 22:04:56 +0000

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.

Strategic Default

Jeffrey — Fri, 23 Apr 2010 20:33:03 +0000

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

Scottsdale Short Sale Help

Jeffrey — Thu, 22 Apr 2010 23:02:41 +0000

If you need Scottsdale Short Sale help, please don’t hesitate to contact me at anytime.

Sincerely,

Jeff Buettner

480.767.3062

Scottsdale – The Way Others See It

Jeffrey — Wed, 12 Aug 2009 16:39:11 +0000

Buyers Agents Should Be More Informed About Short Sale

Jeffrey — Mon, 10 Aug 2009 18:00:34 +0000

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!

Arizona Short Sale Banks

Jeffrey — Sat, 01 Aug 2009 22:21:31 +0000

For those of you who don’t know, when you call into banks to start negotiating a short sale, it is very possible for you to talk to someone in Arizona about your Arizona short sale.

I have compiled a short list of these Arizona Short Sale Banks:

Chase: Tempe, Arizona Short Sale Bank & Phoenix, Arizona Short Sale Bank

Bank of America (Used To Be Countrywide): Chandler, Arizona Short Sale Bank & Phoenix, AZ Short Sale Bank
Homecomings: Scottsdale, AZ Short Sale Bank
Then any small local banks you might have a mortgage with. Desert School, etc…

Thanks for reading about Arizona & Scottsdale Short Sales!

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

I need to stop my Scottsdale foreclosure now!

Arizona Short Sales Have Issues Because Of Bank Of America

Jeffrey — Wed, 22 Jul 2009 00:26:40 +0000

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 files, they are asking for the homeowner to contribute in some way. Whether it is a promissory note or contribution, I just won’t have it. Obivously there are ways around everything but it is a giant hassle. I will tell you that.

Thanks for reading about Arizona short sales.

- 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!

Some Major Bank Mergers For Short Sales

Jeffrey — Thu, 09 Jul 2009 17:14:11 +0000

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!?

#1 Rule Of Short Sales Gets Broken

Jeffrey — Sat, 04 Jul 2009 20:36:10 +0000

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 group of mortgage investors are giving their homeowners/clients an undertermined amount of money for being proactiv and doing a short sale. I have seen $1000 and $500 as of late. But I have only see two occurences like this. This isn’t a main stream kind of deal. Don’t expect this because it is exetremely exetremely rare. It is out there though.

Thanks for reading and come back soon.

- 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!

Make Sure You Hire An Experienced Short Sale Negotiator

Jeffrey — Wed, 01 Jul 2009 05:46:23 +0000

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 areas.

Tucson Arizona Short Sale
Mesa Arizona Short Sale
Glendale Arizona Short Sale
Chandler Arizona Short Sale
Scottsdale Arizona Short Sale
Gilbert Arizona Short Sale
Tempe Arizona Short Sale
Peoria Arizona Short Sale
Yuma Arizona Short Sale
Surprise Arizona Short Sale
Avondale Arizona Short Sale
Flagstaff Arizona Short Sale

Ask the right questions and make sure your realtor is experienced.

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