arizona short sale: ARIZONA SHORT CLOSES ON THE LAST DAY SELLERS MOVE IN 24 HOURS OR NO SALE - 09/18/11 07:50 PM
ARIZONA SHORT CLOSES ON THE LAST DAY SELLERS MOVE IN 24 HOURS OR NO SALE
Here is a picture of a closet full of shoes that were left behind from a family that needed to move in 24 hours or my buyer was not going to purchase the home. The seller had plenty of warning to move from this house. Yes, it was a divorce situation. The Ex-wife was getting back at her husband by refusing to move. I informed the selling agent that we need to ensure the house is empty before 5 PM.
Well, there were three moving trucks … (2 comments)
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arizona short sale: ARIZONA SHORT SALE SELLER MUST MOVE BEFORE CLOSE OF ESCROW ONE DAY LEFT OR NO DEAL - 09/11/11 09:40 AM
ARIZONA SHORT SALE SELLER MUST MOVE BEFORE CLOSE OF ESCROW ONE DAY LEFT OR NO DEAL
There is never a dull moment when it comes to Arizona Real Estate. Let me tell you a quick story when it comes to closing on an Arizona Short Sale transaction. The real estate investor was purchasing this home as a rental. The sellers were husband and wife who were obtaining a divorce. They wanted to complete the short sale so they could get the house out of their names. OK! The bank accepted the offer.
The listing agent calls me about two weeks before … (0 comments)
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arizona short sale: NETWORKING WITH OTHER REALTORS IN CDPE DESIGNATION CLASS - 03/06/11 04:41 PM
NETWORKING WITH OTHER REALTORS IN CDPE DESIGNATION CLASS
I finally obtained my Certified Distressed Property Expert(CDPE) designation this past week. Now, they do offer this via online. However, I always enjoy attending a live class to network with other real estate professionals. First, the class was exactly what I needed to better understand on how to better serve people who are upside down on their home. The process is all there for all who wish to learn and implement.
I was able to network with fellow real estate professionals who practice in my local market. I would highly recommend to sign … (1 comments)
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arizona short sale: ARIZONA SHORT SALE RUSH IN 2011 BE PREPARED TO SERVICE CUSTOMERS - 03/06/11 01:42 PM
Blue bars on the chart represent the recast schedule if all the loans were to recast five years after origination date. Gray bars represent the expected schedule of option ARM resets, which show loans recasting sooner after hitting the principal cap. Credit Suisse
This has been taken from a Businessweek article on option ARMS. We have another wave of foreclosures coming up. Are we ready for it? How can the Government prevent this one. Most people who I talk to on the radio have this type of mortgage and only pay the minimum payment. That means they will be heavily … (2 comments)
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arizona short sale: SENIOR CITIZENS ASKING FOR ASSISTANCE WHEN DOING AN ARIZONA SHORT SALE - 10/23/10 10:00 AM
SENIOR CITIZENS ASKING FOR ASSISTANCE WHEN DOING AN ARIZONA SHORT SALE
Everyone has their opinion when it comes to short sales. Many real estate agents have decided not to touch short sales because it is too difficult. I have to agree with them if they have the Long Ranger mentality. I do not like to work alone. Real estate is a team sport. The only way to win at short sales is putting a team in place. So, I have assembled my Arizona Short Sale team to win. I will be taking a short sale listing this weekend from an 80-year … (4 comments)
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arizona short sale: AMERICANS HAVE TO MAKE HARD DECISIONS WHEN IT COMES TO SHORT SALE OR NOT THEIR HOME - 08/22/10 03:28 PM
AMERICANS HAVE TO MAKE HARD DECISIONS WHEN IT COMES TO SHORT SALE OR NOT THEIR HOME
Experts state that there are over 11 American households under water when it comes to their mortgage. Also, 7 out of 10 people that have experienced a foreclosure never contacted a professional Realtor to assist them. I believe we all want to do the right thing. However, we have to admit things have changed dramatically in America
National unemployment rate just under 10% 118 banks have been closed of August of 2010 Issues with Fannie and Freddie moving forward America still at war in the Middle … (3 comments)
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arizona short sale: I AM NOT HELPING OUT MY LANDLORD NO WAY - 08/16/10 09:38 PM
I AM NOT HELPING OUT MY LANDLORD NO WAY
I met an interesting couple the other day while I was showing my listing as a rental. I met two ladies who were looking for a rental. They gave me many compliments on the house. I informed them of the monthly rent, required deposits and background checks. They seemed perfectly fine with this procedure. It is very normal under the current circumstances. I asked them if they were in a current lease or not at the current time. They informed me that they are in a current lease. However, the know that … (22 comments)
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arizona short sale: READ MORE ABOUT DIVORCE AND PHOENIX, ARIZONA REAL ESTATE - 08/08/10 09:14 PM
READ MORE ABOUT DIVORCE AND PHOENIX, ARIZONA REAL ESTATE
Divorce is happening at record levels during these tough economic down times. Divorce is not a pretty picture for anyone involved in it. How does one divide up the money and real estate? I have been contacted several times to list a home involving a divorce. Many times the home represents equity to be split among the couple.
There are 3 types of listing agreements available to divorce couples when listing a home:
Exclusive Right to Sell - This gives a real estate agent a commission regardless if the broker sells your … (6 comments)
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arizona short sale: TOP 6 THINGS TO KNOW AS A SELLER WHEN CONDUCTING AN ARIZONA SHORT SALE - 08/06/10 11:28 PM
TOP 6 THINGS TO KNOW AS A SELLER WHEN CONDUCTING AN ARIZONA SHORT SALE
Arizona has experienced many bank foreclosures over the past three years. Arizona short sales continue to increase here in the Phoenix real estate market. The Real Estate and Beyond Team is ready to help home owners who are in need to do a short sale on their home due to hardship. While selling property through a short sale is generally a better financial and personal decision for many homeowners there are still some potential negative implications that may arise when you complete a short sale. If you are … (3 comments)
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arizona short sale: COST OF NEGATIVE EQUITY IN REAL ESTATE - 08/01/10 10:06 AM
COST OF NEGATIVE EQUITY IN REAL ESTATE
We have 11 million American households underwater when it comes to what they owe on their mortgage vs. the value of the home. Many people are walking away from their home because they become frustrated with the whole system and just want it to be over. So, they take matters into their own hands. Statistics show us 7 out of 10 homeowners who have faced foreclosed did not contact a professional Realtor to assist them. The Real Estate and Beyond Teamhas create a web site dedicated to assist people who wish to learn more … (6 comments)
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arizona short sale: ARIZONA SHORT SALE AND BEYOND MAIN WEB SITE READY TO GO - 07/24/10 07:52 AM
ARIZONA SHORT SALE AND BEYOND MAIN WEB SITE READY TO GO
We are beefing up our short sale business here in Phoenix, Arizona. We are on a mission to help homeowners who need a short sale completed. We have developed our main web site at www.ArizonaShortSaleAndBeyond.com. We are proud to present a team of local professionals ready to assist all home owners who wish to pursue a short sale on their current residence. It was sad to me to see that 7 out of 10 people who were foreclosed upon never obtained professional assistance from a Realtor. Folks! The Real Estate … (6 comments)
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arizona short sale: ARIZONA SHORT SALE MOST FREQUENTLY ASKED QUESTIONS - 07/20/10 08:44 AM
ARIZONA SHORT SALE MOST FREQUENTLY ASKED QUESTIONS
We have 11 million American households under water with their current mortgage. Statistics tell us 7 out of 10 people foreclosed upon never contact a professional Realtor to assist them during their time of need. Banks continue to foreclose on properties in the state of Arizona. Real estate investors continue to purchase great deals at the Arizona Trustee Sales. We can assist you with your Arizona Short Sale. We have a team of experts standing by to get the most difficult questions answered by professionals in their field such as real estate law, tax … (5 comments)
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arizona short sale: ARIZONA SHORT SALE REQUIRED DOCUMENTS FOR THE SELF EMPLOYED - 07/01/10 09:46 AM
ARIZONA SHORT SALE REQUIRED DOCUMENTS FOR THE SELF EMPLOYED
We continue to assist many sellers who wish to Short Sale their Arizona home due to the recent Real Estate Bubble and the high unemployment rate. Home owners are feeling the crunch and are losing help. They do not know who to call to aid them during their time of need. Statistics are that 7 out 10 home owners who were foreclosed upon did not contact a professional Realtor. Why? The Real Estate and Beyond Team is here to assist in an Arizona Short Sale.
We have a great deal of self … (10 comments)
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arizona short sale: ARIZONA SHORT SALE CONTRACT DATE AND AGREEMENT DATE UNDERSTANDING THESE TWO DATES ARE VITAL TO SUCCESS - 06/29/10 10:20 AM
ARIZONA SHORT SALE CONTRACT DATE AND AGREEMENT DATE UNDERSTANDING THESE TWO DATES ARE VITAL TO SUCCESS
We are in the middle of another busy real estate season. We have bank owned properties along with Arizona Short Sale homes that are showing active in the MLS. Realtors can no longer ignore Arizona Short Sales when working with buyers. Recently, I have been educating myself when working with Arizona Short Sale homes from both the buyer side and seller side. Why? I can no longer ignore this part of the business. I see distressed homes being the majority of the business for the … (4 comments)
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arizona short sale: ARIZONA SHORT SALE SELLER TO BRING MONEY TO CLOSING TO SATISFY THE SECOND LIEN HOLDER - 06/28/10 10:15 AM
ARIZONA SHORT SALE SELLER TO BRING MONEY TO CLOSING TO SATISFY THE SECOND LIEN HOLDER
We continue to obtain more and more Arizona Short Sale Homes due to many people being upside down in their mortgage and/or of hardship being experienced from the Seller side. We have people who have not paid their mortgage in months and they do not know what to do. Again, statistics show us 7 out of 10 people who were foreclosed upon did not contact a professional Realtor for assistance. That was a shocking statistic to me. We can no longer ignore short sales. There are … (3 comments)
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arizona short sale: ARIZONA SHORT SALE ACCEPTABLE OFFER CHECKLIST - 06/27/10 06:44 PM
ARIZONA SHORT SALE ACCEPTABLE OFFER CHECKLIST
There is a lot of paperwork involved in processing an Arizona Short Sale. I came from the Corporate World that believed in checklists. Checklists serve as a quality control monitoring system because people need to check off all items before completing the entire checklist. So, we have done the same thing on the Real Estate and Beyond Team when processing an Arizona Short Sale. I would rather send in a complete offer to the bank the first time because we lose time when we have to back track. I do not waste the other person's … (5 comments)
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arizona short sale: ARIZONA SHORT SALE SELLER HAS THREE OPTIONS ONCE RECEIVING AN OFFER FROM A POTENTIAL BUYER - 06/27/10 06:23 PM
ARIZONA SHORT SALE SELLER HAS THREE OPTIONS ONCE RECEIVING AN OFFER FROM A POTENTIAL BUYER
Many home owners in Arizona are considering on doing a Short Saleon their home because of hardship or just have lost hope in the American financial system. Again, Realtors need to start embracing this part of the market since it will be here for many years to come until we rid ourselves of all bad debt. Personally, I have developed an Arizona Short SaleTeam to assist home owners who need my services. I have put together real estate lawyers, CPAs, tax attorneys and credit repair specialists … (6 comments)
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arizona short sale: ARIZONA SHORT SALE FROM THE BUYER SIDE SUCCESSFUL CLOSE - 06/27/10 06:00 PM
ARIZONA SHORT SALE FROM THE BUYER SIDE SUCCESSFUL CLOSE
We have 11 million American homes under water at the present time. Also, the unemployment rate is hovering at 10%. An Arizona Short Saleis a popular option when home sellers want to sell their home when the owe more on the mortgage than the home is worth. Should buyers make offers on short sale listings? Short sale listings always have a negative concept with Realtors because they never close or they take way too long to close. Do Realtors need to avoid Arizona Short Sale listings? I believe more agents need to … (5 comments)
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arizona short sale: ARIZONA SHORT SALE SETTING EXPECTATIONS FOR ALL PARTIES INVOLVED IN TRANSACTION - 06/27/10 11:41 AM
ARIZONA SHORT SALE SETTING EXPECTATIONS FOR ALL PARTIES INVOLVED IN TRANSACTION
There are many Arizona Short Sales in the multiple listing service. We can no longer ignore them as Realtors. Statistics show us that 7 out of 10 people who were foreclosed upon did not contact a professional Realtor. That was shocking to me because we are here to serve our community. We need to do everything possible to stabilize our neighborhoods to get out of this Real Estate Bubble. So, lets discuss what is necessary to set the expectations for everyone involved in an Arizona Short Sale transaction.
SELLER EXPECATIONS
… (5 comments)
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arizona short sale: FANNIE MAE TO DETER STRATEGIC DEFAULTS WITH NEW RULING BIG TOPIC ON MY POPULAR RADIO SHOW IN ARIZONA - 06/27/10 11:11 AM
FANNIE MAE TO DETER STRATEGIC DEFAULTS WITH NEW RULING BIG TOPIC ON MY POPULAR RADIO SHOW IN ARIZONA
I dedicated my first hour to discuss mortgage strategic defaults on my popular radio show here in Phoenix, Arizona. Wow, I received ten phone calls within the first hour on air and several off air. I was informing my loyal listeners about my blog post on FANNIE MAE CRACKING DOWN ON STRATEGIC DEFAULTS ON MORTGAGES. There was a lot of controversy on air on Saturday. I had over 6,500 view my blog post on this subject area. It seems this is a hot topic … (6 comments)
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