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Winner, Winner, Winner……..Winner

Posted on 5 Aug, 2010 by admin

Another Completed Short Sale Transaction in Arizona. It might be easy to lose sight of the end goal when it comes to short sales, because they don’t happen overnight. In a typical real estate transaction, it might take up to two months to close on a property. In a short sale transaction, it can take much longer, depending on the speed of the lender you’re working with, or the skill

Housing Tax Credit was like a Painkiller…

Posted on 29 Jul, 2010 by admin

According to a CNN Money article, “The tax credit was like a painkiller for the housing market, but we’ll have to go into surgery to deal with the underlying problems…” I certainly can’t speak for the rest of you, but surgery isn’t exactly a fun experience. The housing market has taken it’s bumps and bruises, broken bones, etc., but the bandages have to be addressed properly, not just put

Unusually Uncertain – Take it two ways…

Posted on 22 Jul, 2010 by admin

The Chairman of the Federal Reserve Bank issued statements today regarding the future of the economy, and the response was that it was “Unusually Uncertain.” That could potentially be taken in one of two ways (or just one end result). 1) The Federal Government does not know which direction the economy will turn when they inject their new ideas into it, or 2) The Federal Government doesn’t know because

Banks Repossess US homes at a record pace

Posted on 19 Jul, 2010 by admin

If you were running the US Government, and had the choice on how to resuscitate the Real Estate housing economy, how would you do it? Would your answer be 1) to have the lenders repossess homes, that will eventually go back on the market at a slashed price in order to sell them fast, or 2) would you force the lenders to take a reasonable offer at or near

Loan Modification – To Be or Not to Be: That is the question

Posted on 19 Jul, 2010 by admin

Whether ‘tis nobler in the mind to suffer the slings and arrows of outrageous fortune or to take arms against a sea of troubles… We are all aware of the Shakespeare play Hamlet that discusses the internal battles of suffering, but isn’t this exactly what’s happening through the Loan Modification process? Your mortgage lender asks you to submit all this paperwork in order to get the Loan Modification process,

Exhaust all options prior to foreclosure, or should I just let it go?

Posted on 19 Jul, 2010 by admin

We speak to people every day that have it embedded in their mind to just let their property go to foreclosure. One of the main reasons for this, is they don’t know the options in order to avoid foreclosure in the first place. The biggest item of consideration with this decision is the impact on credit. A foreclosure has a very aggressive impact on credit, both immediately, and in

Definition of Terms – Alternatives to Foreclosure

Posted on 19 Jul, 2010 by admin

When it comes to the decision for what path to follow for your alternative to foreclosure, there are many terms that are thrown around, most of which might be very misunderstood. They all have a different approach, as well as a different result. Strategic Default – This is the decision by a borrower to stop making payments on their debt, even though they have the ability to make the