The Hello Bar is a simple notification bar that engages users and communicates a call to action.

$4,500 To Short Sale Your Phoenix Home? Really? YES!

short sale process arizona

Things are tight. You are unemployed or underemployed, like so many other Phoenix homeowners, a victim of the struggling economy, dwindling property values and negative equity. You have tried to keep up with your financial obligations: car, 1st mortgage, 2nd mortgage maybe even third, COX, SRP, SW Gas, Water - Sewer - Trash, co pays and prescriptions and lets not forget food. There just isn't enough money to go around. As if that wasn't enough, there was a knock at the door. … [Read more...]

Short Sale Phoenix Home BEFORE January 1st 2013 – Mortgage Debt Relief Act 2007

The Mortgage Debt Relief Act of 2007

If you are upside down or "underwater" in your Phoenix home and are considering a short sale you may want to get the ball rolling now. The reason - debt relief. Specifically The Mortgage Debt Relief Act of 2007. A short sale is essentially selling your Phoenix home for less than what you currently owe on your loan or loans. Basically you are trying to get the lien holders {mortgage company} to settle for a lesser amount than what they are owed. There is a short sale … [Read more...]

Banks Pay Delinquent Homeowners To Avoid Foreclosure

Banks Pay Delinquent Borrowers To Avoid Foreclosure

Imagine for a moment you are behind on your mortgage. Like so many others, you simply bought at the wrong time, became unemployed or under-employed, got sick, a disability, divorced or any combination thereof. It's been 5 months [or more] and you just can't catch up. You tried - started by cutting the premium cable channels, then it was the home phone, pool guy, internet, pretty much any luxury you used to enjoy - still, you can't catch up. You Did Everything You Could You … [Read more...]

Arizona Banks Shifting Away From Foreclosure Towards Short Sale: Problem For Some

Arizona Banks Shift From Foreclosure To Short Sale

If you are a real estate professional in the Phoenix Metro area you may have noticed today's [11/5/11] front page story in the Arizona Republic. Traditionally front page stories related to real estate are bad news - the media loves bad news - surprisingly this news was good. The headline: Banks In Arizona Shift To Short Sales. Like all news related to a market, it is good for some and bad - for others. First the good. If you have clients swirling around the bowl of the … [Read more...]

What Is An Arizona Short Sale? Short Sale Process In Arizona

Short Sale Process Arizona

There are some things that make me chuckle when I hear them. They are a contradiction in terms. Jumbo shrimp, a big guy name "tiny" and short sale. Hello, I'm Stephen Garner, I've spent 10 years in the title industry helping Arizona real estate agents and Arizona REALTORS close Arizona short sales. If anything makes me laugh it's the concept of a short sale in Arizona. In reality it would be better served being called a long sale. Even better a loooooooong sale. What Is A … [Read more...]

Ah, Home Ownership-The American Dream

Short Sale vs New Home

Ah the good old days. Remember the good old days of looking for a home? It's so exciting. Meeting your REALTOR in front of the house you just gotta have. You, your husband and your 2.2 children. You can hear the kids-"Look mommy, this one has stairs!" "Calm down you say, we are just looking" Of course, you are emotionally invested in this house, this is the one! All those months of searching the Internet, checking print publications and the newspaper for open houses has … [Read more...]

Mortgage Assistance Relief Services-MARS-and its ramifications for Real Estate Agents

The housing bubble has had a disastrous effect on local and national housing markets, home owners, real estate professionals, and their businesses.  Everywhere I turn here in the Phoenix Metro area, I see distressed properties for sale- (Bank Owned (REO) and Short Sale).  I am a business development manager for a national title insurance company in Phoenix Arizona.  I work with real estate professionals day in and day out, helping them grow their businesses.  A challenge in … [Read more...]

On the Trail Of An Arizona Short Sale-Door Knocking

Short Sale.  Short Sale.  Short Sale.  I remember when the real estate mantra was Location, Location, Location.  Wow how times have changed for Arizona REALTOR's.  REALTOR's everywhere I am sure. Remember the old days of farming neighborhoods with your postcards, flyer, calendar, Suns sports schedule, Dbacks schedule?  Remember the good old days?  Well the good old days marketing styles don't necessarily work well for Short Sales. Most of the sales happening in Maricopa … [Read more...]

Arizona Homeowners: Is A Short Sale Right For You?

Short Sale is a buzz word that you have no doubt heard.  If "Green" was the buzz word for 2009, Short Sale or maybe Strategic Default will be the buzz word for 2010.  There are many considerations that need to be addressed when considering a short sale.  One of those considerations is the state in which you live. You may have heard that Arizona is an Anti deficiency state, while this is traditionally true, deficiency is something that applies to foreclosure law not short … [Read more...]

Arizona Sellers: Beware of Short Sale FRAUD.

It's bad enough that you are upside down or underwater" as they say in your Arizona home, that's bad enough, then your 5/1 ARM starts to adjust. Upward.  Now you are paying more on a home that is obviously worth less.  Next you are having problems keeping up with the payments.  You miss one payment, then two.  The phone starts ringing, at home, at work, your cell.  You are falling further and further behind on your payments.  What are you to do? Well, in the above scenario, … [Read more...]