Real Estate Arizona

Reasons to Short Sell

November 1, 2011

Of course every homeowner wants to save their credit and avoid foreclosure if possible.  So what are the top reasons to complete a short sale? Top 7 Reasons to complete a short sale: Missed payments, no plan to catch up In foreclosure- you have an auction date Can no longer afford the home No desire [...]

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Life After a Short Sale

October 27, 2011

Once you have chosen to sell your home through a short sale to create a better financial situation for your family, the next concern is “what will happen after the short sale?”. Once the Short sale is completed successfully, the home sells.  So the Seller must have a place to move his/ her family.  Most [...]

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Never Give Up!

September 27, 2011

Sometimes we suggest to our clients to not complete the short sale- even though it’s approved by the Lender. Here is one case: Sales price of the home: $100,000 Owner owes:  $155,000 Owner is an investor with several other properties.  The Lender states the Seller must pay $55,000 back to the Lender because it was [...]

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Approved Short Sale

August 27, 2011

Yesterday, I received the Short Sale Approval from Desert Schools Credit Union on a HELOC loan.  This is always great news for a short sale Seller. As a side note, credit unions are the toughest  lenders to complete short sales.  The credit unions have what they call “members”, everyone who has an account is a [...]

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Buying a Home in Arizona- Patience is Necessary

July 12, 2011

I usually tell my clients looking to buy a home, there are 3 types of homes they can purchase. Traditional Sale- Usually the homeowner selling this home wants top dollar, but they will do repairs for the buyer. It takes about 30 days to purchase this home. This also includes flips- where the Seller has [...]

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