In an earlier post, Foreclosure/REO/bank-owned or short sale?, about the Prescott and Prescott Valley foreclosure and short sale markets, I was amazed to find how few short sales were actually closing in the Quad-City area.
After doing some more research on this, it seems that some agents are taking short sales without the right skill [...]
Can all agents can do short sales right? Yes.
Are all agents trained to do short sales? No.
Short sales are tough. They involve legalities, financial and tax questions, and negotiations. You really don’t want just any agent to help you sell your home. you really want someone who has proven short sales training. It’s important [...]
Lenders process short sale in different ways. Bank of America now processes short sales through the equator system. BofA ntroduced the equator system in 2009. At first, it was cumbersome, confusing and frustrating. Documents were lost and the process was plagued with delays. Now, the equator system is state-of-the-art. It has streamlined the short sale [...]
Short Answer, no. I counsel many people on short sales. I list many homes as short sales. Many people going into a short sale have the same sort of reluctance. They feel as though they are horrible people and bad financial planners. I tell them that back when they purchased the home, they were approved [...]
Hassayampa Village is a 550 acre master planned community within the city of Prescott AZ and about 2 miles southwest of downtown Prescott. The village is one of Prescott’s most exclusive neighborhoods with several large luxurious homes, a 30,000 square foot clubhouse, a fitness center, security gates around the community, tennis courts, pools, a sauna, [...]
Many people think that Realtors are around for a few simple reasons, to look for homes, list homes and advertise homes. This is why many people don’t think that they need a Realtor. Homeowners are quickly finding out that a home can be listed without a Realtor. A buyer can find a home on several [...]
This is a reblog of an article written by Bill Gassett, a short sales specialist in Massachussets. While Arizona and Massachussets are far apart, many of these principals apply to short sale sellers in Prescott and Prescott Valley as well. I would suggest that you also read this post, FAQ for homeowners facing foreclosure in Arizona, [...]
The New HAFA rules took effect on Monday and this should be good news for buyers and sellers alike of short sales in the Prescott area and especially Prescott Valley where the majority of our short sales are located.
In early 2009, the National Association of REALTORS® (NAR) urged the U.S. Treasury Department, the [...]
Is The FDIC Killing Short Sales?
See the whole article here
As some of you already know, I blogged recently about being interviewed recently by our local NBC news affiliate.
Basically, IndyMac Bank (now OneWest Bank), is holding one of my clients hostage, demanding a $75k promissory note, or they will proceed to foreclosure. For [...]