phoenix short sales: Considering a Short Sale in Phoenix?
- 01/02/11 01:15 AM
Many people are considering a Short Sale of their home in Phoenix Arizona. Considering that more than 50% of homes are "under water" in Arizona - in other words - the homes are worth less than the loan balances owed - it's not surprising that homeowners are looking for solutions to avoid foreclosure in Phoenix. A Short Sale is once such solution. If you are in the minority - that your home is worth more than you owe on it - then you need read no further. By definition a Short Sale is a regular resale with one distinct and significant … (6 comments)
phoenix short sales: How do I Short Sale my home in Phoenix?
- 01/02/11 01:13 AM
There are thousands of people considering a Short Sale of their home in Arizona. More than 50% of homes are "under water" in Arizona - in other words - the homes are worth less than the loan balances owed - so it's not surprising that Phoenix homeowners are looking for solutions to avoid foreclosure. 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 … (6 comments)
phoenix short sales: How do I Short Sale my home in Phoenix?
- 10/17/10 10:14 AM
There are thousands of people considering a Short Sale of their home in Arizona. More than 50% of homes are "under water" in Arizona - in other words - the homes are worth less than the loan balances owed - so it's not surprising that Phoenix homeowners are looking for solutions to avoid foreclosure. 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 … (76 comments)
phoenix short sales: Considering a Short Sale in Phoenix?
- 09/06/10 08:54 AM
Many people are considering a Short Sale of their home in Phoenix Arizona. Considering that more than 50% of homes are "under water" in Arizona - in other words - the homes are worth less than the loan balances owed - it's not surprising that homeowners are looking for solutions to avoid foreclosure in Phoenix. A Short Sale is once such solution. If you are in the minority - that your home is worth more than you owe on it - then you need read no further. By definition a Short Sale is a regular resale with one distinct and significant … (58 comments)
phoenix short sales: Short Sale MLS Data
- 08/29/10 03:36 AM
One aspect that surfaced in my recent blog post about Phoenix Short Sale track record "false advertising" when compared to the data in the MLS, was whether or not the data in the MLS can be considered "reliable". Every listing agent is responsible and accountable for accurately and completely entering data into the MLS for their listings. If they fail to enter accurate and complete data, the responsibility is theirs, and theirs alone. To quote Desiree Montgomery, one can "click a button and save an agent" when one knows that the MLS data is incorrect, but if the listing agent does … (100 comments)
Is it unethical to point out false advertising to the public? I was pleasantly surprised to see the post featured, and because of the "gold star" many Active Rainers chimed in on the issue. Without recounting the details of all 127 comments, the discussion left me with this impression. While many were quick to opine that one shouldn't "call out" another agent who is guilty of blatantly lying about their Short Sale track record, no-one was of the opinion that to do so was "unethical". Lisa Orme posted what … (98 comments)
phoenix short sales: Is it unethical to point out false advertising to the public?
- 08/22/10 06:52 AM
Some of my recent posts have focused on the Phoenix Short Sale "wannabe" listing agents that blatantly lie about their Phoenix Short Sale track record - presumably in the hopes of getting unsuspecting consumers to list with them. I can see a Phoenix homeowner facing foreclosure being swayed by claims of "we've closed hundreds of short sales" coupled with the claim "we close 90% or more of our Short Sale listings". Fact is - not one Phoenix Short Sale Listing Agent (according to the MLS) has closed 200 or more Short Sales - making the claim of hundreds a blatant lie. … (139 comments)
phoenix short sales: Tax Credit Afterglow
- 08/20/10 01:30 AM
The post Tax Credit afterglow appears to be only a glimmer according to this article on REO Insider: http://www.reoi.com/news/with-tax-credit-in-rearview-july-home-sales-fall-27-from-last-year-remax One thing we've noticed here in the Phoenix metro area is the slowdown of showings of our Short Sale listings. Although the showings may be down, the contracts still come, as the way to sell a home remains inextricably linked to pricing it right.
As a Preferred Partner member of the Short Sale Specialist Network, we have been enjoying many member benefits that are unique to the Short Sale Specialist Network not seen so far in the myriad of other Short Sale networks. First, we receive pre-screened leads – as in a “live” person speaks with the prospective Phoenix Short Sale Seller – for no upfront fee and a reasonable referral fee if the lead develops into a closed transaction. Most recently, Mike Linkenauger offered up the CSSG Certification training for FREE for a limited time. The Certified Short Sale Guide training program … (98 comments)
phoenix short sales: Phoenix Short Sale Negotiations
- 07/23/10 11:20 AM
Phoenix Short Sale negotiations are always so much....fun! Well...perhaps the word should be invigorating. For instance, let's take today's "challenge". Rural property. Listed in August 2009. On it's 3rd Buyer. Vacant. 1st (B of A) will pay $3K to the 2nd (Chase HELOC). Chase insists on $10K (balance is $73K) - having previously agreed to $3K. Why the increase? Because the 2nd has been charged off. Chase won't budge - or so it appears. Let's get them together. Email to Chase negotiator, copy to Jamie Dimon (Chase CEO) and Matt Vernon (B of A), highlighting the impasse and asking them to … (98 comments)
phoenix short sales: Home Tenders for vacant Short Sales
- 07/17/10 04:12 AM
Some homeowners who are considering a Phoenix Short Sale are concerned, and rightfully so, about security of their property. Until a Short Sale closes escrow, they still own the property and need to keep it maintained so the Short Sale closes escrow and they avoid foreclosure. One option for properties that would otherwise be sitting as a vacant Short Sale is Home Tenders. There is an excellent video about their services below (ignore the 15 second intro commercial) - or for more information - go directly to their website at http://hometendersofamerica.net/
… (98 comments)
phoenix short sales: Short Sale Reference Guide
- 07/13/10 09:42 AM
Thanks to Broker Bryant I found Scribd, which allows you to upload PDF files and then share them- such as the one below. This is attached to every one of our Short Sale Listings in ARMLS (our local MLS) as Private REALTOR® Document 2, which is provided below for your reading pleasure! We think it provides all the information needed about our listings to Buyer Agents and is available 24/7/365 – no need to call. However – we are always interested in improvement – so all constructive criticism and suggestions are welcome – but we won’t be reverting back to phone … (98 comments)
This property is a Short Sale listing. There is no difference in the showing process between a Short Sale listing and a traditional resale listing.
Check the MLS for status and showing instructions.
The showing instructions are very specific, are up to date, and are for the convenience of the occupant. As a result, we are not able to allow any exceptions to the showing instructions.
If the listing is in “Active” status, we are presenting Offers to the … (88 comments)
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.
Many people are considering a Short Sale of their home in Phoenix Arizona. Considering that more than 50% of homes are "under water" in Arizona - in other words - the homes are worth less than the loan balances owed - it's not surprising that homeowners are looking for solutions to avoid foreclosure in Phoenix.
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