I hear so many people make comments about the condition of Foreclosure homes or as the bank refers to them as REO property, so I made this quick video to show how nice a bank owned home can be. Check out this home in DC Ranch a community in north Scottsdale, near the McDowell Mountains….Read More→
HVCC H.R. 3044 JUST KILLED ONE OF MY HOME SALES
I just went through a major appraisal issue. It was really disappointing. I know what happened in the past was ridiculous, but why must we replace ridiculous with PATHETIC??? What I just experienced was an appraiser that took an inferior home adjusted it for that reason and came to a value above sales price….Read More→
BANKS WIN, HUGE CHANGE TO ANTI-DEFICIENCY LAWS IN AZ
Wow, this one blind sided me. Here we are working so hard to get through this real estate mess and the legislature smacks us in the teeth. With this new law investors will now seek bankruptcy in lieu of selling an investment property through a short sale. I have 4 or 5 investment properties under…Read More→
BANK CHOOSES FORECLOSURE AND $100K LESS
We have been selling a lot of homes in Short Sales. A Short Sale is one in which the net proceeds after the sale are not enough to pay the mortgage and the bank agrees to the lower amount in order to close escrow. For each individual, whether to do a Short Sale or not…Read More→
SHOCKING BANK RESPONSE
Well we got word back from one of the banks we are working to approve a Short Sale in McDowell Mountain Ranch in Scottsdale and the answer was a big FAT NO! I was shocked! In this real estate market every sold Short Sale means one less Foreclosure. With the condition of this home is…Read More→
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