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Nextage Realty Professionals

10 questions for Prescott AZ short sale brokers

By Jerry Cecil, on February 6th, 2009

Prescott Short Sales – Please be Patient

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 [...]

Posted by Jerry Cecil February 6, 2009, 10:08 am

How do banks price short sale properties?

By Jerry Cecil, on January 29th, 2009

As you might have read in the post, Why are REO properties priced all over the place?  banks price REO properites using varying methods and some banks do a better job than others. 

Well, short sale price setting is not much different.

In general, most short sale experts say to price the property at or near fair market value, although [...]

Posted by Jerry Cecil January 29, 2009, 2:11 pm

Why are REO homes priced all over the place?

By Jerry Cecil, on January 27th, 2009

FSBB – For Sale By Bank

Are banks and loan servicing companies able to accurately price distressed properties and REOs?

Some do a good job, but more often than not they rely on national indexes, rather than use local assets in the field such as qualified Certified Foreclosure Specialists who know their cities neighborhood by neighborhood.  And [...]

Posted by Jerry Cecil January 27, 2009, 7:32 am