Finally, normal may be moving in the right direction.

Homeowners with loans at World Savings, Wachovia and Golden West may be the lucky ones getting some relief.

It turns out that World Savings for homeowners in areas to include Gilbert, Mesa, Chandler, Tempe, Ahwatukee and other Phoenix Cites close to Phoenix Sky Harbor Airport will be getting some relief.  Homes for sale as short sales may give great opportunities for student housing near Arizona State University and Mesa Community College because those above banks have started rolling out their pre-approved short sale program.

Many homeowners can benefit from doing a short sale and if they can get pre-approved, it allows those homes to sell within a very short period of time.  Especially since the approval process can be as short as 7 to 10 days from file opening and you don't have to have a contract in place to start the process.

Finally, some relief.

 
Post is included in group: Short Sale REALTORS®
Post is included in group: Almost Anything Goes

2 Comments on Pre-Approved Short Sales in Gilbert and Tempe Arizona for Sun Devils

NOV
23

How do you get the preapproval in 7 to 10 days without a contract?

 

Eydie
10:36pm • #1
NOV
25
2 Featured Posts

Mark: Citi Bank is also beta testing this new hybrid.  I have completed 2 already and they are easier than REO or Traditional Short Sales.  Look for Bank of America to make some amazing announcements in this area after January 1st. They are working with REO Trans to facilitate a streamline process for paperwork flow. 

Eydie:  The way it works is that you provide a BPO and the lender gets a second and perhaps a third opinion of current market value.  The house is listed subject to 3rd party approval and when you get it under contract they sign off on an estimated HUD usually within a week. 

5:58pm • #2

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Mark Organek - Tempe Gilbert Mesa Chandler REALTOR

Tempe, AZ

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RE/MAX Alliance Group

Address: 725 W. Elliot Rd., 111, Gilbert, AZ, 85233

Office Phone: (480) 892-5300

Cell Phone: (602) 790-0607

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Doing the best to provide insight and updates on various real estate, mortgage finance, financial planning and marketing topics.


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