Barb's Blog

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Real Estate Agent - Cactus Mountain Properties, LLC
For all your real estate needs in Scottsdale, Tempe, Mesa, Chandler & Gilbert, ARIZONA

ARCHIVED BLOG POSTS

2007 

Foreclosure:  Worst 7 years on Credit Report - 4 years recovery FICO drop 200 to 250 pointsDeed In Lieu Of Foreclosure:  Better 7 years on Credit Report - 3 years for recovery(questionable) FICO drop 150 to 200 pointsShort Sale:  Best 7 years on credit report - 18 months to 2 years recovery FICO ...
09/28/2007
SHORT SALE SCENARIO I have a Seller who has gone into Default on their mortgage payments.  The current value of the home has dropped 50K below what is owed.  They are considering doing a short sale to redeem their credit before more damage is done.  After contacting the bank, Suntrust Mortgage, I...
09/27/2007
SHORT SALE SCENARIO I have a Seller who has gone into Default on their mortgage payments.  The current value of the home has dropped 50K below what is owed.  They are considering doing a short sale to redeem their credit before more damage is done.  After contacting the bank, Suntrust Mortgage, I...
09/27/2007
One of our fellow Active Rainers, Michael Klijanowicz, responded immediately to my request for marketing strategies that he uses to successfully secure listings even in situation when a possible client is enlisting the presentations of other real estate agents besides himself.  This is how he com...
09/26/2007
O C T O B E R October 4-10  Scottsdale Classic Futurity & Quarter Horse Show, Westworld, Tickets: 520-749-9418October 6  BRIO Faculty Art Exhibit & Sale, BRIO Fine Arts Center, 480-941-8310October 6  Obesity Walk, Scottsdale Community College, 7-10am, 480-312-2771October 6-November 17 Music in th...
09/17/2007
As I was crawling down the freeway heading for home yesterday, I noticed the Cadillac Esplanade in front of me was randomly swerving into the left medium only to quickly correct itself.  Then it would surge forward followed by slamming on the brakes to come to an abrupt stop.  This erratic behavi...
09/15/2007
2 Comments
In the real estate world when fudiary responsibility is so emphasized as a given to our clients, do we return the same courtesy to our fellow agents?  Standards are set by the National Association of Realtors as a Code of Ethics to spell out our duties and conduct to one another.  This is how I r...
09/13/2007
I feel like I just got pistol-whipped by a buyer this weekend!  I have a reasonably priced condo in a centrally located Phoenix neighborhood listed, that after being on the market for 12 days a buyer made an offer.  He offered $15,000 below asking price with $500 earnest money, wants seller to pa...
09/10/2007
4 Comments
Buyer's are feeding off the glut of properties on the market. For those who restrained themselves during the real estate feeding frenzy that drove home prices to new caloric highs are now feasting on the skinny seller who is suffering from stretch marks left by his quickly deflating bargaining po...
09/08/2007
Rainer
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Barb Merrill

GRI, Associate Broker
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