My all time record currently for a short sale closing in the Phoenix Real Estate Market is 9 months from offer acceptance to closing. That was in 2010. My current 2011 record looks like 7 months and I’m looking at a possibility of a new fast record of about 40 days. While you would think [...]
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Short Sales are not new in the world of Real Estate, and Phoenix was hard hit with this latest Real Estate bust, so all of a sudden every practicing Real Estate agent has become trained and experienced in Short Sales. The number one question I get asked by Seller and Buyers alike is how long [...] A lot of homeowners having been hearing false information about short sales. I hope I can show how a short sale can prove to be an option for many homeowners. Myth #1- The bank would rather foreclose than do a short sale. It is very costly for banks to take back a property through the foreclosure process. [...] On Saturday, March 20, 2010 from 10am to 4pm, the Arizona State Escrow Association in conjunction with the Better Business Bureau, Arizona Department of Financial Institutions and the Arizona Mortgage Lenders’ Association will host the Homeowners’ Survival Event at the Steele Indian School Park / Memorial Hall at 300 East Indian School Road, Phoenix, AZ 85012. Attendance at this community [...] The hardship letter is the heart of a short sale packet. Without it the banks won’t give you much consideration. There are typically four areas that a hardship falls into: Monetary (job lose), Medical, Marital (divorce), and Military. There is one more, death, but chances are you won’t be writing that one for yourself. |
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