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Nextage Realty Professionals

Does a Short Sale Mean That You are a Horrible Person?

By Jerry Cecil, on August 22nd, 2011

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 by [...]

Posted by Jerry Cecil August 22, 2011, 8:48 pm

July 2011 Foreclosure & Short Sale Report for Prescott AZ

By Jerry Cecil, on August 7th, 2011

There are 97 distressed property sales in Prescott, this is 12% of the market.

There are 43 bank-owned homes in Prescott.  Go to this link for the MLS listings;

http://www.paarmls.org/prs/maildoc/sd_AAAa007E020110807180654.html

There are 54 short sales in Prescott.  Go to this link for the [...]

Posted by Jerry Cecil August 7, 2011, 5:01 pm

Why short sales aren’t always a good deal

By Jerry Cecil, on March 30th, 2009

Prescott Short Sales – Please be Patient

I have many clients who call me looking for deals on short sales and foreclosed homes in the Prescott Arizona area market including Precott Valley, Chino Valley and Dewey-Humboldt.  Many think that short sales are better deals than foreclosures, but his is rarely the case.

What the difference?

The short sale [...]

Posted by Jerry Cecil March 30, 2009, 9:43 am

New Fannie Mae Servicing Guide prohibits banks from lowering short sales commissions

By Jerry Cecil, on February 26th, 2009

On Tuesday, February 22nd, 2009, Fannie Mae released an announcement with updates to the Servicing Guide used by banks in the U.S.

One of the sections that will impact short sale sellers and REO agents nationwide is the prohibition of banks making the sale of a short sale conditional upon the lowering of commissions.

If [...]

Posted by Jerry Cecil February 26, 2009, 9:51 am

Prescott Foreclosed/REO/Short Sales Last 60 Days

By Jerry Cecil, on January 20th, 2009

Market Update

Here is a list of the 8 Foreclosed/REO/Short Sales that sold in the last 60 days in Prescott as of 1-20-09. The average sales price was $257,550 and the median price is $237,750. The average price per square foot was $125 and the median price per square foot is $115. The average Cummulative Days [...]

Posted by Jerry Cecil January 20, 2009, 4:03 pm
 
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