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What do you do if the homeowner just doesn’t want to sell their negative equity home? – Thomson Law PLC

What do you do if the homeowner just doesn’t want to sell their negative equity home?

I imagine this is rare, but it has come up more than once when a homeowner is faced with the point today where they can no longer afford their home or it no longer makes sense to keep paying on [...]

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Loan Mods and Unicorns – Thomson Law PLC

The Loan Mod Myth 
 
What do Successful Loan Mods and Unicorns have in common? They are both mythical creations.  The difference is that Successful Loan Mods did exist at one time before HAMP, but now seem to have gone the way of the dinosaur.  Although there is that rare individual that receives a “permanent” modification, [...]

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The Upside of Short Sales

note: I received this in an email, and thought it was worth sharing:

For the last few months we have been writing articles to keep Realtors informed on issues relating to short sales.  We have had comments from some Realtors that they are afraid to handle short sales because of the risks involved.  But lets look [...]

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Loss Mitigation Programs

An interesting email I received from Stan Van Dyk of Cash Funding Options:

Hi All:
Today, I’m going to show you how the government’s
moratoriums and loss mitigation programs have affected
foreclosures and shadow inventory.  

Shadow inventory is made up of all the properties that are
in foreclosure or headed toward foreclosure that haven’t
hit the market yet. There are 7 [...]

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The Phoenix Real Estate Weekly 12/31/09

Courtesy of Barb Savoy-Pacella, ABR, CHMS
Director of Business Development
Keller Williams Arizona Realty

Happy New Year!

To view homes for sale, or for additional information about the Phoenix, Arizona market, visit www.PacellaGroup.com.

What a difference one year makes!

As we reflect on 2009 and anticipate 2010 here are some things we know:

* 94% of all properties that sold in 2009 [...]

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Treats, Not Tricks, Await Those Who Act Now!

Treats, Not Tricks Await Those Who Act!

Last chance, last dance, last call. All sayings conjure up images but one thing remains constant. Miss the opportunity and it’s gone. Home loan rates recently hit all-time lows, and if you don’t act now, you could miss your chance to save thousands of dollars over the life of [...]

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