Here is the current MLS inventory as of 6/4/08.  As you can see, we currently have 9.3 months worth of inventory in Active Listings in MLS.  This is down from last week, when it was 10.1 months.

 

Here are the numbers from the SW Valley:

 

Here are the numbers from the NW Valley:

Here are the numbers from the SE Valley:

 

Arizona's Housing Market Is Out Of Control

The numbers don't lie...there are many active listings and very few pending or solds.  It is getting more and more competitive as home values drop and adjustable rate mortgages rise!  As Realtors, we need to be taking advantage of technology, and strategic pricing to get our listings sold in a timely manner.  Pod casting, BLOGGING, Viral Videos should go hand in hand with our traditional methods of selling homes.  Foreclosures and Short Sales are out of control and we must understand the laws and processes to help our clients avoid a foreclosure auction.

 

To get more information on how to avoid being a statistic and Sell Your House Fast in Arizona CLICK HERE.

 

 

 

 

 

LOCAL ARIZONA FORECLOSURE EXPERT CODY SPERBER EXPLAINS HOW TO SELL YOUR ARIZONA HOUSE WHEN YOU HAVE NO EQUITY.

Can A Real Estate Short Sale Allow You To Just Walk Away From Your Arizona Home?

It all starts with some kind of financial hardship!  You and your family struggle to make the mortgage payment.  Maybe this month you scrape by, but it will be nearly impossible to pay next months bills.  To make matters worse, you owe as much or more than your home is worth.  You go to your local bank and ask about a refinance, but you are turned down.  No bank is going to lend money on an overleveraged house, plus, you credit isn't all that good.  You think to yourself...I am just going to let the house go to foreclosure and go rent somewhere.  Well, what if we told you there was a better way!

Introducing The Real Estate Short Sale: An Amazing Exit Strategy!

A Real Estate Short Sale refers to a lender(s) accepting a sales price that is less than what is currently owed plus all related sales expenses. So basically, a potential buyer can make an offer on the home for thousands less than what is currently owed, and get it accepted by the bank!  This is common in a declining housing market and can be a win-win for both the bank and the homeowner.  Normally a bank will begin to look at the Short Sale Option only if the homeowner is behind on payments and begins to Face Foreclosure, but not always. In rare instances, the bank will still accept a short sale if the mortgage payments are current.  The process to end up at the Short Sale Options typically works like this:

• The homeowner(s) begin to miss payments
• The lender(s) try to arrange a repayment plan
• The repayment plan fails or is never attempted and the bank mentions a short sale

Requirements for a Short Sale are:

• A proven financial hardship
• Behind on payments (In most circumstances)
• You owe as much or more than your home is currently worth
• The homeowner requests a short sale packet from their lender(s)
• The bank notifies the homeowner(s) that they can't turn in the short sale packet until they have a signed purchase contract
• The homeowner(s) have to decide what to do next...hire a Realtor (CodySperber.com), or find a company like Sell Quick For Cash, LLC (Investment Company that specializes in Short Sales)

Okay, We Qualify For A Short Sale...What Do We Do Next?

First, you want to find a person or company that specializes in Short Sales and has a proven track record.  This is very important, because you only have one shot to get the job done!  If your Short Sale does not work, and the Foreclosure auction is not postponed, you run the risk of loosing your house to Foreclosure and having it on your credit record!  So take your time while interviewing prospective companies or Realtors before you do your Short Sale.  Below is a list of questions I expect to be asked when being interviewed to run a Real Estate Short Sale:

• How long have you been negotiating Short Sales?
• How many Short Sales have you completed?
• Do you have any past clients (referrals) that we can talk with?
• What is the average time it takes to complete a Short Sale?
• Do you charge anything to facilitate my Short Sale?
• Are you just listing my house, or are you actually putting in an offer to buy?
• What are the chances a Short Sale will not work?

 On my next post I will explain what information the bank will require in order to entertain a Real Estate Short Sale as well as explain What the Tax Consequences and Credit Consequences of a Real Estate Short Sale.  If you need immediate assistance to Stop Foreclosure Arizona, please visit http://www.codysperber.com.

7202 W. Earll Dr. Phoenix, AZ 85035 APN (102-21-938) Turn-Key Rental Paying $1358 A Month With New Roof And Great Long Term Pre-Screened Tenants! Crossroads: 72nd Ave and Indian School Rd. Beds: 3 with an enclosed Arizona Room being used as a 4th bedroom Baths: 2 Sq. Ft. 1012 (not including AZ Room) Lot Sq. Ft. 6399 Built 1982 As-Is Cash Price: $125,000 Firm ARV: $165,000 Amazing property with good cashflow, great tenants, and a lot of equity! Current renter has been in the property for a year without a missed or late payment! This was not a foreclosure bail out!! Renter signed another year long lease for $1025 a month - lease ends April 30th, 2009. Plus, we are giving a $4,000 pre-paid rent credit for a total monthly rental income of $1358! The house has all new landscaping, exterior paint, and a new roof! We also had an inspection done and repaired every item on the checklist! This property is in a good neighborhood, excellent shape with an enclosed AZ room to add 4th bedroom! Buy before we refinance the property. Write a contract today because this one will not last long!! Real Estate Commissions Are Included In The Price (3%) COE: 15 Days Earnest: $2500 Non-Refundable For more info call: Cody @ 480-861-8732 Or Email Cody@KleverInvestor.com OR Torsten @ 602-403-7300 Or Email Torsten@KleverInvestor.com Please do your own due diligence. This property is being sold as-is with the buyer paying all closing costs!

 

Just wanted to take a second and wish the entire Active Rain Community a Happy Easter.  We all get so busy with work that it is always nice to spend a beautiful Sunday with friends and family!!  This forum is so unique and I am thankful for all the great people I have met on here so far!

 Happy Easter,

The other day I Blogged about getting

Dean Edelson to commit to a teleseminar

where he spills his guts on Short Sales.

DEAN IS A NATIONALLY KNOWN FORECLOSURE EXPERT AND TRAINER!

HIS SHORT SALE EXPERTISE HAS MADE ME THOUSANDS!!!

 

What I like about Dean is that he doesn't

sugarcoat anything, like most gurus out

there. He tells it straight, the good and

the bad. He'll tell you exactly what it takes

to be successful.  

 

I guarantee this call is gonna be awesome.

Go here now to reserve your spot on

the call:

 

http://instantTeleseminar.com/?eventid=2212653

 

He's agreed to let me ask any question

I want, so get ready to take a lot of notes.

You really don't want to miss out on

all the great information.

 

It's this Thursday, March 13 at 3p PST.

 

Remember, there's only a limited amount

of lines available, and they're filling up

fast. So click on the link NOW to make sure

you don't miss out:

 

http://instantTeleseminar.com/?eventid=2212653

 

See you on the call!

 

Cody

The response to today's teleseminar

with Dean Edelson has been phenomenal!

 

I've got some great questions planned so you

get to hear from Dean exactly what's going

on in today's foreclosure climate. What he has to

say may even shock you!

 

Make sure to call in 5 minutes early to reserve

your spot because it's SOLD OUT.

 

Here's all the info you need for the call:

 

EVENT:  Short Sale Profits  

DATE & TIME: Thursday, March 13th at 3:00pm Pacific

FORMAT: Simulcast! (Attend via Phone or Webcast -- it's your choice)

TO ATTEND THIS EVENT, CLICK THIS LINK NOW...

http://instantTeleseminar.com/?eventid=2212653

 

Click the link above for your call in info. You need to call in

at least 5 minutes early to reserve your spot.

 

Go here now and bookmark this page and print it out

as a reminder:

 

http://instantTeleseminar.com/?eventid=2212653

 

See you on the call!

 

Cody

The other day I Blogged about getting

Dean Edelson to commit to a teleseminar

where he spills his guts on Short Sales.

DEAN IS A NATIONALLY KNOWN FORECLOSURE EXPERT AND TRAINER!

HIS SHORT SALE EXPERTISE HAS MADE ME THOUSANDS!!!

 

What I like about Dean is that he doesn't

sugarcoat anything, like most gurus out

there. He tells it straight, the good and

the bad. He'll tell you exactly what it takes

to be successful.  

 

I guarantee this call is gonna be awesome.

Go here now to reserve your spot on

the call:

 

http://instantTeleseminar.com/?eventid=2212653

 

He's agreed to let me ask any question

I want, so get ready to take a lot of notes.

You really don't want to miss out on

all the great information.

 

It's this Thursday, March 13 at 3p PST.

 

Remember, there's only a limited amount

of lines available, and they're filling up

fast. So click on the link NOW to make sure

you don't miss out:

 

http://instantTeleseminar.com/?eventid=2212653

 

See you on the call!

 

Cody

ARE YOU FEELING LEFT OUT MAKING MONEY IN SHORT SALES?  **FREE E-BOOK**

www.KleverInvestor.com and www.TheForeclosureMentor.com want to offer you a FREE GIFT.

I very rarely promote other peoples investment processes, but this one has made me a lot of money, and is completely free.  That is why I want to pass it on and share in the wealth!  I believe that with the right education and skill set, we can make a lot of money in the next 36 months and help out desperate homeowners avoid foreclosure.

DOING SHORT SALES ONLY FOR A COMMISSION IS NOT THE EASIEST AND MOST PROFITABLE WAY!!!!!  I GUARANTEE THAT IF YOU JUST TRY THIS SYSTEM FOR ONE SHORT SALE, YOU WILL MAKE WAY MORE MONEY, BE IN MORE CONTROL, AND HAVE AN EASIER TIME NEGOTIATING THAN THE WAY YOU ARE CURRENTLY DOING IT!

 Go here now and check this out:

http://www.theforeclosurementor.com/ebook.htm

THIS IS COMPLETELY FREE AND HAS A LOT OF GREAT INFO REGARDING SHORT SALES!

It shows you exactly what you need to do to make a ton of cash doing Short Sales.  And not just doing them, but doing them THE RIGHT WAY. I promise you that I have made over 50,000 in my last TWO short sales using Deans method!

This ebook is ON THE MONEY. It's called "6 Critical Keys to Short Sale Success."  It's by a guy named Dean Edelson and he REALLY knows his stuff. One of the top short sale investors in the country.

HOW DO I KNOW?

Well, I've been investing in real estate for years. And  I've been doing pretty well at short sales myself, closing lots of deals and cashing some nice paychecks. After I read Dean's ebook, I knew I had to get it out to you so you can see for yourself why I'm so jazzed. After you read it, you'll know what I mean.

He lays out exactly what to do so you can close more deals and find more cash in every deal.

GO HERE AND GET IT NOW:

http://www.theforeclosurementor.com/ebook.htm

I hope this helps jump start your interest in short sales, 

CODY S.

 

PS: I liked this ebook so much I'm trying to get him on a group call so you can experience this guy for yourself. No promises, but I'll definitely keep you posted.

PPS: He's helped me on my latest deal, a million dollar plus short sale, and he gave me a strategy that turned my whole deal around. Unbelievable.  His one little tip will easily put tens of thousands more in my pocket. If I hadn't talked to the guy, I would've lost out.

Here it is:

http://www.theforeclosurementor.com/ebook.htm

PPPS: I'm letting you in on this FIRST before the market gets wind of what he's doing to get such amazing results.

ARE YOU FEELING LEFT OUT MAKING MONEY IN SHORT SALES?  **FREE E-BOOK**

www.KleverInvestor.com and www.TheForeclosureMentor.com want to offer you a FREE GIFT.

I very rarely promote other peoples investment processes, but this one has made me a lot of money, and is completely free.  That is why I want to pass it on and share in the wealth!  I believe that with the right education and skill set, we can make a lot of money in the next 36 months and help out desperate homeowners avoid foreclosure.

DOING SHORT SALES ONLY FOR A COMMISSION IS NOT THE EASIEST AND MOST PROFITABLE WAY!!!!!  I GUARANTEE THAT IF YOU JUST TRY THIS SYSTEM FOR ONE SHORT SALE, YOU WILL MAKE WAY MORE MONEY, BE IN MORE CONTROL, AND HAVE AN EASIER TIME NEGOTIATING THAN THE WAY YOU ARE CURRENTLY DOING IT!

 Go here now and check this out:

http://www.theforeclosurementor.com/ebook.htm

THIS IS COMPLETELY FREE AND HAS A LOT OF GREAT INFO REGARDING SHORT SALES!

It shows you exactly what you need to do to make a ton of cash doing Short Sales.  And not just doing them, but doing them THE RIGHT WAY. I promise you that I have made over 50,000 in my last TWO short sales using Deans method!

This ebook is ON THE MONEY. It's called "6 Critical Keys to Short Sale Success."  It's by a guy named Dean Edelson and he REALLY knows his stuff. One of the top short sale investors in the country.

HOW DO I KNOW?

Well, I've been investing in real estate for years. And  I've been doing pretty well at short sales myself, closing lots of deals and cashing some nice paychecks. After I read Dean's ebook, I knew I had to get it out to you so you can see for yourself why I'm so jazzed. After you read it, you'll know what I mean.

He lays out exactly what to do so you can close more deals and find more cash in every deal.

GO HERE AND GET IT NOW:

http://www.theforeclosurementor.com/ebook.htm

I hope this helps jump start your interest in short sales, 

CODY S.

 

PS: I liked this ebook so much I'm trying to get him on a group call so you can experience this guy for yourself. No promises, but I'll definitely keep you posted.

PPS: He's helped me on my latest deal, a million dollar plus short sale, and he gave me a strategy that turned my whole deal around. Unbelievable.  His one little tip will easily put tens of thousands more in my pocket. If I hadn't talked to the guy, I would've lost out.

Here it is:

http://www.theforeclosurementor.com/ebook.htm

PPPS: I'm letting you in on this FIRST before the market gets wind of what he's doing to get such amazing results.

ARE YOU FEELING LEFT OUT MAKING MONEY IN SHORT SALES?  **FREE E-BOOK**

www.KleverInvestor.com and www.TheForeclosureMentor.com want to offer you a FREE GIFT.

I very rarely promote other peoples investment processes, but this one has made me a lot of money, and is completly free.  That is why I want to pass it on and share in the wealth!  I believe that with the right education and skill set, we can make a lot of money in the next 36 months and help out desperate homeowners avoid foreclosure.

DOING SHORT SALES ONLY FOR A COMMISSION IS NOT THE EASIEST AND MOST PROFITABLE WAY!!!!!  I GUARANTEE THAT IF YOU JUST TRY THIS SYSTEM FOR ONE SHORT SALE, YOU WILL MAKE WAY MORE MONEY, BE IN MORE CONTROL, AND HAVE AN EASIER TIME NEGOTIATING THAN THE WAY YOU ARE CURRENTLY DOING IT!

 Go here now and check this out:

http://www.theforeclosurementor.com/ebook.htm

THIS IS COMPLETELY FREE AND HAS A LOT OF GREAT INFO REGARDING SHORT SALES!

It shows you exactly what you need to do to make a ton of cash doing Short Sales.  And not just doing them, but doing them THE RIGHT WAY. I promise you that I have made over 50,000 in my last TWO short sales using Deans method!

This ebook is ON THE MONEY. It's called "6 Critical Keys to Short Sale Success."  It's by a guy named Dean Edelson and he REALLY knows his stuff. One of the top short sale investors in the country.

HOW DO I KNOW?

Well, I've been investing in real estate for years. And  I've been doing pretty well at short sales myself, closing lots of deals and cashing some nice paychecks. After I read Dean's ebook, I knew I had to get it out to you so you can see for yourself why I'm so jazzed. After you read it, you'll know what I mean.

He lays out exactly what to do so you can close more deals and find more cash in every deal.

GO HERE AND GET IT NOW:

http://www.theforeclosurementor.com/ebook.htm

I hope this helps jump start your interest in short sales, 

CODY S.

 

PS: I liked this ebook so much I'm trying to get him on a group call so you can experience this guy for yourself. No promises, but I'll definitely keep you posted.

PPS: He's helped me on my latest deal, a million dollar plus short sale, and he gave me a strategy that turned my whole deal around. Unbelievable.  His one little tip will easily put tens of thousands more in my pocket. If I hadn't talked to the guy, I would've lost out.

Here it is:

http://www.theforeclosurementor.com/ebook.htm

PPPS: I'm letting you in on this FIRST before the market gets wind of what he's doing to get such amazing results.