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Short Selling Your House: Do You Need A Lawyer?
One of the more common questions that people have asked me over the last year or two is “do you think I need a lawyer?” The question almost invariably arises when someone is considering a loan...
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Short Selling Your House: Walking Away?
When most people think of “walking away” from their home, many people just assume that the home will go into foreclosure. And plenty of times, it does. But not always. I have heard (and seen) many...
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Can I Withdraw an Offer on a Short Sale Before the Bank Approves it?
From the Ask the Broker files: We submitted an offer on a short sale. The seller accepted the offer and we’ve been waiting on their lender to approve it for almost three weeks. We’re tired of waiting...
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Short Selling Your House: Getting a Mortgage After Foreclosure
Many times, the difference between someone short selling their house and going through foreclosure comes down to one thing… Luck. Any number of things can happen that allow someone to short sell their...
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How a Flight Delay is Like Buying a Short Sale
So here I sit, in Denver International Airport, where I’ve been for about six hours, and I’ve got two and a half more hours until my flight takes off (hopefully). Why would I spend over eight hours at...
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Phoenix Short Sales: Short Sale Seller Advisory
At this moment in time, there are 17,066 homes listed as short sales in the Phoenix real estate market. With 43,998 total listings, that means 38.8% of all homes listed for sale in the Phoenix area are...
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Stop the Insanity! Ridiculous Bank Practices on Short Sales
Thinking about buying a short sale in Phoenix (or anywhere else)? It’s not for the faint of heart. Or anyone that wants to apply logic, reasoning, common sense or business fundamentals to the...
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Contracts are neither moral nor immoral
Contracts have no morality Are short sales moral? I am going to talk a little bit about the “moral side” of a short sale. My favorite part of this story… the twist at the end that makes the whole...
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What To Expect After a Short Sale
A wise mentor of mine once taught me this concept: Crisis + Time = Humor Over the last few years, more than just a few homeowners have went through the short sale process – and from what I can put...
View ArticlePhoenix Residential Real Estate Distressed Market Update: December 2013
I was talking with an investor client that had purchased a few homes through me in the past. He had heard that inventory was rising in the Phoenix metro area and he wanted to know if prices had dropped...
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