apache junction short sale: Still Under Water in Apache Junction? Consider a Short Sale. - 02/03/18 06:40 AM
Distressed properties - those that are "under water" where more is owed on the property than will be available from the proceeds of a sale of the property - are thankfully far fewer than during the crash during the latter years of the previous decade.
 
Still - some do exist - and Short Sales are still a viable option when faced with a "must sell" scenario of an "under water" property.
 
Currently running at less than 3% of the closed transactions every month in our MLS, homeowners in that 3%, whether in Apache Junction or another part of the valley, can still use … (2 comments)

apache junction short sale: Are you one of the few considering a Short Sale in Apache Junction?? - 01/10/18 05:45 AM
While there are far fewer people these days considering a Short Sale of their home in Apache Junction, there are still some who may have purchased just before the "bust" last decade who may owe significantly more on the home than the proceeds of the sale will bring.
 
What to do?
 
A Short Sale is one such solution.
 
A Short Sale is a "regular resale" with one distinct and significant difference.
 
The agreement of your lender(s) to accept less than the balance(s) owed on the loan(s).
 
Whether or not a homeowner meets the other "requirements" of their lender(s) such as a "valid" hardship can only be … (0 comments)

apache junction short sale: Are you one of the few considering a Short Sale in Avondale? - 12/23/17 06:32 AM
While there are far fewer people these days considering a Short Sale of their home in Avondale, there are still some who may have purchased just before the "bust" last decade who may owe significantly more on the home than the proceeds of the sale will bring.
 
What to do?
 
A Short Sale is one such solution.
 
A Short Sale is a "regular resale" with one distinct and significant difference.
 
The agreement of your lender(s) to accept less than the balance(s) owed on the loan(s).
 
Whether or not a homeowner meets the other "requirements" of their lender(s) such as a "valid" hardship can only be determined … (4 comments)

apache junction short sale: Are you one of the few considering a Short Sale in Apache Junction? - 12/15/17 08:06 AM
While there are far fewer people these days considering a Short Sale of their home in Apache Junction, there are still some who may have purchased just before the "bust" last decade who may owe significantly more on the home than the proceeds of the sale will bring.
 
What to do?
 
A Short Sale is one such solution.
 
A Short Sale is a "regular resale" with one distinct and significant difference.
 
The agreement of your lender(s) to accept less than the balance(s) owed on the loan(s).
 
Whether or not a homeowner meets the other "requirements" of their lender(s) such as a "valid" hardship can only be … (6 comments)

apache junction short sale: Don't Just Give Up - Consider a Short Sale in Apache Junction - 11/01/17 05:29 AM
While the numbers of Short Sales and REOs in Apache Junction are way down from the staggering levels following the market crash about 10 years ago, there are still some properties "under water" and some that have received a Notice of Default, the first step in the process that will result in the Trustee's Sale on the courthouse steps.
 
It's always sad to see people give up and walk away from a home, particularly when alternatives exist which may well be better for them and their lien holders.
 
We've learned that often those who "opt" to let the home go to foreclosure "by … (0 comments)

apache junction short sale: Why Foreclosure? You Do Have Options To Avoid It In Apache Junction - 09/20/17 06:19 AM
Although we no longer see the levels of Short Sales that we did a few years ago in Apache Junction, Notices of Default continue to be issued, meaning that yet another Apache Junction property is on the path towards foreclosure at auction on the courthouse steps.
 
Suzanne and I wonder why the owners would allow the property to go to foreclosure, rather than investigate alternatives that may be mutually beneficial to themselves and their lenders.
 
Not all properties heading for foreclosure are necessarily "under water" - which theoretically means they could be sold via a "traditional" sale rather than a "short sale" - but … (0 comments)

apache junction short sale: A Good Way To Avoid Foreclosure In Florence - 08/14/17 08:20 AM
 
While the Short Sale days of the previous decade are for the most part behind us, the reality is that there are still hundreds of homes "under water" in Arizona.
 
While it's true that not every property facing foreclosure in Florence is "under water", may of them are, and unfortunately many homeowners still don't understand that the likelihood is they will be far better off doing a Short Sale of their Florence home than allowing their Florence home to be sold at auction on the courthouse steps! 
 
Short Sales are "regular resales" with one big difference.  
 
Your lender(s) must agree … (2 comments)

apache junction short sale: A Good Way To Avoid Foreclosure In Apache Junction - 08/10/17 10:40 AM
 
While the Short Sale days of the previous decade are for the most part behind us, the reality is that there are still hundreds of homes "under water" in Arizona.
 
While it's true that not every property facing foreclosure in Apache Junction is "under water", may of them are, and unfortunately many homeowners still don't understand that the likelihood is they will be far better off doing a Short Sale of their Apache Junction home than allowing their Apache Junction home to be sold at auction on the courthouse steps! 
 
Short Sales are "regular resales" with one big difference.  
 
Your … (2 comments)

apache junction short sale: Avoid Foreclosure in Apache Junction, AZ - 07/24/17 08:52 AM
 
There are still hundreds of homes "under water" in Arizona.
 
In other words - the homes are worth less than the mortgage balance(s) - so it's not surprising that many homeowners are looking for solutions to stop foreclosure.
 
One solution to stop foreclosure and mitigate damage to a homeowner's credit is a Short Sale.
 
Short Sales are "regular resales" with one big difference.  
Your lender(s) must agree to accept less than the amount(s) owed on your loan(s).
 
While there are many details regarding Short Sale Seller financial circumstances and the hardship they face, the bottom line … (2 comments)

apache junction short sale: Avoid Foreclosure in Apache Junction AZ - 07/06/17 07:54 AM
 
There are still hundreds of homes "under water" in Arizona.
 
In other words - the homes are worth less than the mortgage balance(s) - so it's not surprising that many homeowners are looking for solutions to stop foreclosure.
 
One solution to stop foreclosure and mitigate damage to a homeowner's credit is a Short Sale.
 
Short Sales are "regular resales" with one big difference.  
Your lender(s) must agree to accept less than the amount(s) owed on your loan(s).
 
While there are many details regarding Short Sale Seller financial circumstances and the hardship they face, the bottom line … (2 comments)

apache junction short sale: Needing To Short Sale Your Home In Apache Junction? - 05/15/17 04:13 AM
While the number of homes "under water" in Apache Junction is significantly less than just a few years ago, some homeowners who purchased just before the "crash" that started in 2007 are still in a position where they owe more on their home than will be forthcoming from proceeds of a sale of the home.
 
If you need to sell your home, and you are in this situation, a Short Sale is one solution to this situation.
 
By definition a Short Sale is a regular resale with one distinct and significant difference. The agreement of your lender(s) to accept less than the balance owed … (2 comments)

apache junction short sale: Under Water in Apache Junction? Time is running out... - 12/05/10 11:16 PM
It's been over 3 years since the Apache Junction market started to tumble, and while it's not still in free-fall, one can tell from the property tax records amongst other resources that housing prices are still declining.
Those under water in Apache Junction hoping for a miraculous recovery that restores equity and brings them once again above water have, for the most part, grudgingly acknowledged that it's going to take "a while".
In many cases "a while" translates into 15 years or more!
Here's the problem looming on the horizon.
If you lose a property to foreclosure (Trustee Sale) or close … (28 comments)

 
Tony and Suzanne Marriott, Associate Brokers, Haven Express @ Keller Williams Arizona Realty (Serving the Greater Phoenix and Scottsdale Metropolitan Area) Rainmaker large

Tony and Suzanne Marriott, Associate Brokers

Haven Express @ Keller Williams Arizona Realty

Scottsdale, AZ

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Serving the Greater Phoenix and Scottsdale Metropolitan Area

Address: 15333 N Pima Road, Suite 130, Scottsdale, AZ, 85260

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Scottsdale and Phoenix Arizona Real Estate Blog, presented by Tony and Suzanne Marriott of Haven Express @ Keller Williams Arizona Realty. Insightful commentary on the real estate market in Maricopa County, Arizona.


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