Green Street Realty - Arizona Short Sale Realtors, Property Specialists in Phoenix, Scottsdale, Tempe, Mesa, Glendale, Chandler, Gilbert

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National Stats / Local Stats, Don’t be a Statistic

Posted on 17 Sep, 2010 by admin

National foreclosure activity rose again in August, just over 4%, and Bank reposessions increased 3% from the month before, which is an all-time high. According to this CNBC article and RealtyTrac, “There is a buildup in delinquent loans that are not in foreclosure, which means that banks and lenders are slowing the process to avoid a drop in home prices. It’s a managed slowdown more than anything else.” http://www.cnbc.com/id/39192246/

Next Stop…Debt Free

Posted on 8 Sep, 2010 by admin

I had a conversation recently with a friend of mine regarding his property situation to try and gain perspective on his course of action. He purchased a few properties a while ago, was holding them as investment properties, and had been doing quite well with keeping his tenants in place. As leases ran out, and had some difficulty finding new tenants at a price point that would cover the

Arizona Short Sale Guide

Posted on 26 Aug, 2010 by admin

There are tools everywhere on the internet, and with quick searches, you can bring up relevant information for almost any category. First question, what makes it relevant? First and foremost, you have to consider the source. There are many companies in the valley that consider themselves short sale specialists and will tell you all day long that they are well versed and highly experienced in getting short sales successfully

Buyers – Come out, Come out, Wherever you are…

Posted on 12 Aug, 2010 by admin

Again, the headlines read: 30-year mortgage at lowest rate since 1971 But wait, we might have to blog again next week that that the 30 year mortgage rate is at it’s lowest since…1960. 1960 was the year where the home ownership rate was as low as it is today. The ultimate question for this statistic is how much total inventory is on the market today vs. 1960. Staggering numbers. http://www.usatoday.com/money/economy/housing/2010-08-02-1Ahomeowners02_ST_N.htm?csp=hf&loc=interstitialskip

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