Foreclosure/Short Sale/Bank Owned
Agents Have No Duty to Submit Short Sale Offers – Surprised?
Thursday, December 3rd, 2009In the course of my speaking to and networking with short sale practitioners in numerous markets across the nation I regularly encounter those who have a completely false impression with respect to who owes which duties to whom in the course of a short sale transaction. More specifically, many agents (both on the selling and [...]
Are Buyers Missing Foreclosure Opportunities
Tuesday, December 16th, 2008CNBC.com released an article today about prospective home buyers who may be missing out on the opportunity of buying foreclosures. Apparently a new survey from Trulia and RealtyTrac finds that only 47% of those surveyed would consider buying a foreclosure. The survey also says 80 percent of adults are concerned with negative aspects, such as [...]
Foreclosures…A Real Estate Market of Its Own
Monday, November 24th, 2008The distressed property market is now as large, or larger, than non-distressed transactions. In October, 51% of resales in Maricopa county were foreclosed bank owned properties. And, the median sales price for these homes was more than $80,000 less than the median sales price for non-distressed transactions. If you are a buyer in this market, it [...]
Tips for Buying a Foreclsosure Condo
Monday, August 11th, 2008Just as in most major metropolitan markets in the U.S. right now, Phoenix, Scottsdale, & Tempe have a plethora of short sale, foreclosure, and bank owned condos to choose from. Here are some tips that can help you to find the right distressed condo for you: 1. Focus on a Condominium Community – If you [...]
Options for Condo Owners Facing Foreclosure
Thursday, August 7th, 2008If you are a condo owner facing foreclosure, then there are several options available to you that may help you avoid the foreclosure: 1. Loan Re-Modification- When facing foreclosure, immediately contact your bank and try to work with them as they may be able to re-modify your loan in what is called a Loan Re-Modification. [...]
Is it Time to Buy that Scottsdale, Tempe, or Phoenix Condo Yet?
Tuesday, March 18th, 2008Is it time to buy that Scottsdale, Tempe, or Phoenix luxury condo yet? Has the market reached bottom? If I buy now, will the value of my condo go down even further? These are just a few of the many questions that prospective buyers have as a result of the current real estate market and [...]
Scottsdale, Phoenix, & Tempe Foreclosures/Short Sales/Bank Owned
Friday, March 14th, 2008Foreclosure/Short Sale/Bank Owned condos in Scottsdale, Tempe, & Phoenix are Now Available for as Low as Half of What They Sold For Within the Past 2 Years! The Combination of Record Low Prices and Low Mortgage Rates Arguably Make this One of the Best Times to Purchase a New Home.Some of my clients have been inquiring [...]
Foreclosure, Short Sale, & Bank Owned Condos Scottsdale, Tempe, & Phoenix
Sunday, February 17th, 2008I am adding a foreclosure, short sale, & bank owned condos page to my website that can be viewed at (www.luxurycondocompany.com/properties.php?ar=10) – I have more inventory however, I am waiting on permission to post. As I am sure you are aware, foreclosure rates in the Phoenix market have skyrocketed over the past year. Foreclosure condos [...]