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 [...]
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, [...]
The dynamics of short sales are very different from normal sales. Because the seller’s bank must approve any buyer’s offer PLUS approve of the eligibility of the seller themselves for a short sale, the process of a short sale transaction takes many months from start to finish to consummate. We’ve seen them taking anywhere from [...]
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 [...]
Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Keller Williams Arizona Realty
To view property for sale, or for additional information visit www.PacellaGroup.com
Inventory is still varying dramatically in different areas of the Valley. It is very much a seller’s market in the West and East Valley (between 3 to 4 months of supply in those areas), and very [...]
by Tony Pomykala, REALTOR, ePRO
Sunrise Investments
www.HomeListingsArizona.com
Concerning Short Sales, some great information concerning them can be read at www.ShortSaleArizonaHomes.com in an article I wrote, based on our experiences dealing with them from a buyer’s agent perspective.
Short Sales are extremely frustrating, and tend to take a very long time to acquire. If you have a definitive timeframe [...]
Reprinted from an Email Blast sent to members of the Arizona Association of REALTORS®
from an Email Article By Tom Farley, CEO
Arizona Association of REALTORS® Read the FULL article at http://www.rallinow.com/issues/show/60
Request for the Governor’s Assistance
On Friday, the Arizona Association of REALTORS® (AAR) had a preliminary conversation with Governor Brewer’s staff regarding the impacts of SB 1271 and [...]
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