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Phoenix Short Sale Snapshot: October 11th 2009

October 11, 2009
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Phoenix Short Sale Listings Are Up Over the last month, short sale listings increased by 3.7% while there was a 14.1% increase from the same time last year. The good news is that the number of sales are up 30.2% from a year ago.  So the net effect is better, but that may only be [...]

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Phoenix Short Sale Screw Ups: How Your Agent Can Screw You Over

October 11, 2009

TO be fair, the example I’m using is from Florida. But ask anybody who has gone through a short sale in Phoenix, and I’m sure this has happened here. Say what you want about Zillow’s Zestiamtes, and Trulia’s business model, but I love the way that they have created an open forum for consumers to [...]

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Phoenix Short Sales: Is a Strategic Default Right For You?

October 8, 2009

Eventually, everyone is going to stop paying on depreciating assets. From MSN: “Increasingly, homeowners with good credit and no late payments are making what appears to be a strategic decision to walk away when their home’s value falls below what’s owed. “The American consumer has had a long-held taboo against walking away from the home, [...]

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Phoenix Real Estate Market Distress October 7th 2009

October 8, 2009
Phoenix Real Estate Market Distress 10/07/09 Thumbnail

Look at the difference between the normal active listing asking price (~$193 per square foot) and the sales price (~$112). The numbers are probably skewed for one reason: The high priced homes are not selling. They are probably the reason the numbers are so high on the active listing side, and the homes that are [...]

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Stupid Idea of The Week: How To (Not) Close More Phoenix Short Sales

October 3, 2009

Does this sound stupid to anyone else? I have yet to work on a short sale where the hold up was the seller (The lien holder is a different story). How would that help move things along? And if you were a lien holder taking a $100,000 loss on an asset, how would your servicer [...]

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Phoenix Short Sales: More On The Way

October 1, 2009

AZCentral.com  reports that Job losses are going to hit record numbers this year. What do you think this means for the homeowners in the next 6 months to a year? Hopefully, some will be able to find new jobs. But many will use up their savings and then have to do a loan modification or [...]

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How to Get A Loan Modification In Phoenix

September 28, 2009

I found this great article from the Miami Herald about successfully completing a loan modification. Many of the questions are the same no matter what part of the country you live in. Some of the information is a little different then what we have seen, but it is good information nevertheless.

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