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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 [...]

May 18th, 2010 | Tags: , | Category: Loan Modifications, Short Sale Listings, Short Sale mitigation | Leave a comment

New Fannie Mae Waiting Periods for Sellers of Distressed Homes

  from Rebecca Roberts, Mortgage Banker with The Lending Company, Inc.

Advising Short Sale and Deed-in-Lieu Clients 2010

 If you are working with a client who has had a short sale or a deed-in-lieu in their past…or you are listing a home and your sellers may have the same issues…Fannie announced new waiting periods, as of July 1, [...]

May 10th, 2010 | Tags: , | Category: Facing Foreclosure?, Short Sale Listings, Short Sale mitigation | Leave a comment

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 [...]

February 10th, 2010 | Tags: , , | Category: Facing Foreclosure?, Financing, Foreclosure Properties, Home Sales, Loan Modifications, Short Sale Listings, Short Sale mitigation | Leave a comment

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 [...]

December 31st, 2009 | Tags: , , , , , , , , , , | Category: Foreclosure Properties, Home Sales, Loan Modifications, Short Sale Listings, Short Sale mitigation | Leave a comment

The Phoenix Real Estate Weekly 11/27/09

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Keller Williams Arizona Realty

To view homes for sale, or for additional information visit us at www.PacellaGroup.com

If we continue on our current trend, it could be very good news for the Phoenix market.

According to the Cromford Report, which analyzes Phoenix real estate data, sales volumes are 63% higher than the [...]

November 27th, 2009 | Tags: , , , , , , , , , , , | Category: Home Sales, Short Sale Listings, Short Sale mitigation | Leave a comment

Arizona Anti-Deficiency bill, SB-1271

Courtesy of  Tim L. Greenfield, Associate Broker, ABR
Coldwell-Banker Residential Brokerage  Scottsdale Arizona

8-10-09

 Please visit my website www.GreatScottsdaleLiving.com  for updates.

 There has been lots of noise about SR-1271 of late. It is scheduled to become effective the end of September. This is a new law intended to assist small community banks that did not receive TARP funds. See [...]

August 10th, 2009 | Tags: , | Category: Facing Foreclosure?, Foreclosure Properties, Home Sales, Short Sale mitigation | Leave a comment