mortgage: The Buy and Bail Fairy Tale – The Elephant in the Room - 03/30/12 03:13 AM
The Buy and Bail Fairy Tale – The Elephant in the Room
I’ve studied the elephant that no one likes to talk about for about 4 years. This week, I attended the Short Sale Tsunami event where a panel of real estate attorneys, real estate analyst Mike Orr, Commissioner Judy Lowe, along with representatives for Chase and Wells Fargo spoke about our local Phoenix market.  One of the hot discussions was Strategic Default strategy.  After learning so much about this over the years, I wanted to share some information.  I’m not even going to entertain the moral or ethical question about … (0 comments)

mortgage: When will I qualify for a mortgage after a short sale or foreclosure? - 07/20/11 05:42 AM
When will I qualify for a mortgage after a short sale or foreclosure?
Many clients who have gone through a short sale or foreclosure after 2007 are now asking me the question, “When will I qualify for a mortgage?” Housing is once again affordable and people want to take advantage of rock bottom deals. Prices in Phoenix, Arizona are hovering around the bottom. You can see from this chart that there haven’t been any drastic plunges or spikes over the past 9-12 mths as shown in previous years. Now is the time to buy a house and become a homeowner … (3 comments)