Scottsdale, Paradise Valley, Carefree are full of really good deals in every price range. The Bank owned properties (REO) close quickly and for good price however they always need considerable work to be functional. Often these properties need new appliances, and evrything from flooring to roofing.

Short Sale -- still owned by the person in it! That Owner must sign the Purchase contract -- BUT -- The Bank that holds the Note and the Title must approve the sale as they take the loss between what is owed and what the Purchase contract indicates.

2nd Notes on the same property complicate the process even more. -- If the second note holder does not accept what the First note holder offers the @nd then the property goes to foreclosure and from there it either goes to auction by the Bank and/or the Bank lists the Property as an REO -- REO means owned by the Bank and stands for Real Estate Owned (REO) by the Bank or Mortgage holder or 3rd party.

Use a CDPE  for any of this transactions. They know what to do and can save you money and time as well as give you a much better chance of closing a deal on a good property.  CDPE is a Certified Distressed Property Expert.!

Got Questions?  Give me a call 480-231-0782!