short sale: March Madness, Phoenix Arizona, Ahwatukee Arizona
- 03/21/11 05:26 AM
March Madness is the buzz of the college basketball world this time of year and in 2010, we saw a similar frenzy of enthusiasm in our Phoenix real estate market as buyers clamored to purchase properties prior to the expiration of the tax credit. Without a similar incentive this year, it is encouraging to see all the activity in the real estate market right now... multiple offers, homes selling above list price, contracts in one week! Wait a minute, could this be true??? While available residential inventory continues to decline, the market's absorption rate continues to increase with March home sales volume … (0 comments)
Many former home owners who have filed bankruptcy, experienced a short-sale or foreclosure, often email as to when they would qualify for a home loan again. This is a very important topic, many times when clients ask this question; they come into frustrating answers that are vague and non-factual. I hope to address these topics.
The steps to owning again will be contingent on what I call, The Waiting Period Factors. These factors are as follows:
The … (4 comments)
short sale: Emotional, not just a financial matter anymore; what short sales entail- Phoenix Arizona
- 12/15/10 09:52 AM
Emotional, not just a financial matter anymore; what a Short Sale/distressed property entail. Phoenix Arizona. First we must define what a short sale is, a distressed property. Once we can define a distressed property we can properly address a Short Sale. A distressed property could be in poor condition (in need of repair), a property soon to be processed to a foreclosure status, and most of all a home in which the mortgage obligation exceeds its current market value; many times forcing the owner to sell their home out of necessity. Clearly defined, we can state that a Short … (0 comments)
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