We got approval for another Short Sale yesterday. This was AWESOME as we thought this deal was dead. The bank told us they had rejected the Short Sale and were going to foreclose on the home. I was not happy as we have been working on this for 4 months! My negotiator, Georgi Stratton, told…Read More→
FORCLOSURE ALTERNATIVES – Citi Mortgage Deed In Lieu Program
There are many changes in the pipe line for 2010, when we look at the foreclosure and short sales world. This morning, while cruising the Internet for my daily news, I came across this article below about Citi Mortgage Deed in Lieu Program. Citi has come out with this program to give borrowers an alternative to…Read More→
WHY SHORT SALE MY HOME vs. FORECLOSURE? See this home sellers response!
Please watch this video and see the reaction of this home seller after she sold her home short. First, Brandy is a friend of mine. Being in the title business she saw her income drop, oh I would guess about 70% from where it had been for many years. She had a beautiful home and…Read More→
Should I Continue Paying My Mortgage- Even If It No Longer Seems To Be In My Best Economic Interest?
Should I Continue Paying My Mortgage- Even If It No Longer Seems To Be In My Best Economic Interest? This is the question I get from people in trouble with their mortgage facing Short Sale or Foreclosure ALL OF THE TIME. Let me first declare, this is a personal decision and one that each household…Read More→
I HAVE THE OPPORTUNITY TO HELP A FAMILY SAVE THEIR HOME FROM FORECLOSURE TODAY AND I AM JACKED
I think you all know I am a Realtor here in Scottsdale working the metro Phoenix real estate market, so what the heck am I writing about. Realtors don’t save people’s homes they sell them. Not ALWAYS! One thing I realized over the past couple of years in speaking to people in trouble is THEY…Read More→
TAX CONSEQUENCES FROM SHORT SALES
Here was an interesting question in the Arizona Republic this morning about Short Sales and the Tax Consequenes from a short sale. This may help answer your question: Tax consequences from short sales by Christopher Combs – Jan. 13, 2010 12:00 AM Question: We borrowed money to purchase our home in Paradise Valley The Arizona…Read More→
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