It wasn’t your first choice. It wasn’t your second either. In fact, the short sale you wrote the offer on was likely more a product of attrition than anything else. Short sales take time. Like most astute 2012 home buyers, you are all too aware that the offer you submit on an upside-down property will…
Tag Archive: short sales
Buying a Bank Owned Home in McCormick Ranch? Look up!
Are you shopping in the distressed aisle for your McCormick Ranch home? Make sure to look up. While the purchase of a bank owned home or a short sale tends to be fraught with a little more risk than a traditional resale transaction, it is important to note that buyers typically maintain inspection rights on…
Short Sale Confidential
The clandestine meeting took place at twelve thirty on a Thursday. Two men armed with black briefcases approached each other in the darkness, flanked by muscle-bound henchmen who busied themselves looking tough. The second-hand light refused to fully illuminate either faction. “You were to come alone,” Drago admonished his older rival. “As were you,” Arvloski…
How Not To Draft Your Short Sale Hardship Letter
To whom it may concern, I am drafting this explanation of hardship in attempt to effect a short sale of my property located at 88 W. Tantalus Lane, Scottsdale, AZ 85258. When I purchased the property on 1/16/2005, I was under the impression that Real Estate values never declined. That’s what the guy doing the…
The Foreclosure Moratorium: An Opportunity for Mom & Pop Home Sellers?
With the latest scuttlebutt in the housing industry centering around a rising political push for a large scale foreclosure moratorium by leading lending institutions, most are aware that Bank of America became the first to issue a temporary nationwide pause in foreclosures this past week. Though B of A is the first to stay their…
Why Would the Seller Counter My Scottsdale Short Sale Offer?
If you were to stand in the center of Scottsdale and spit in any direction, chances are good that you’d hit a home with negative equity. Thus if you’ve been shopping for a home, chances are equally good that you have come across a short sale listing or fifty along the way. If you are…
Is That Scottsdale Home Really For Sale?
Is that Scottsdale home really for sale? It sure looks like it is. There’s a sign in the yard, property information on the internet, an asking price and everything. The comings and goings of Real Estatey type people with wide eyed gawkers in tow confirms that the quaint Spanish hacienda is looking for a new…
2010: The Year of the Niche in Scottsdale Real Estate
2010 is the Year of the Niche. It’s true, feel free to consult the Chinese calendar to verify. Scottsdale Real Estate practitioners, in self-defense, have turned to new and interesting means of keeping their businesses relevant in these inexplicable times. Today’s homework assignment for a Real Estate adventurer? Finding a profitable, niche specialty. Thus, the…
First-Time Home Buyer Credit & Short Sales Do Not Mix!
By now, even the most procrastinating of first time home buyers understands that the end is nigh. The end of the $8000 first-time homebuyer tax credit, that is. While rumors abound about a possible extension past the current deadline, rumors also persist that man did not actually walk on the moon in 1969 (if you…
Selling Homes and Nailing Things to Trees
My wife has an affinity for collecting quotes. Whether humorous or inspirational, on fridge magnets or flowery stationary, she likes having the visible reminders nearby as a lifeline to help pull her out of whatever malaise she may happen to find herself mired in at a given moment. Truth be told, prone as I am…
