Just got this notice from the City of Scottsdale: Residents invited to learn about foreclosure prevention Take Charge America is hosting a free foreclosure prevention workshop from 8 a.m. to noon Saturday, May 14, at Mountain View Community Center, 8625 E. Mountain View Road. Homeowners struggling to pay their bills and facing foreclosure are encouraged [...]
From the category archives:
Foreclosure / Short Sale
I’ve been working with a couple of vacation home buyers who both decided to buy short sale properties. Both properties happen to be condos. Both buyers are purchasing with cash. It’s really a perfect match, all the way around. Second (or third or fourth) home buyers don’t have to buy. They have no move-in deadline. [...]
photo credit: TheTruthAbout Matthew Maret, of Bell Mortgage shared the following chart, showing the impact of bankruptcy, foreclosure, short sales, and loan modifications on a buyer’s ability to qualify for a home loan. Basically, the facts about how long home buyers must wait before obtaining financing. As you can see, loan type (Conventional, FHA, and [...]
Thanks to Patrick Gavin over at CFS Mortgage for send this brief reference sheet over. Prepared by Fannie Mae, it highlights a buyer’s ability to qualify for another mortgage, based on credit scores, credit history, employment, security clearances and deficiency judgments. Fannie Mae Reference for Short Sale and Foreclosure Impact to Buyer
Wondering why you can’t find a foreclosure in Scottsdale? This heat map pretty much shows the lay of the land across Greater Phoenix. Scottsdale (and the east-side 101 corridor) have the lowest percentages of foreclosures throughout the valley, with the exception of a pocket in the northwest part of the county. Source: Cromford Report Other [...]
Today, I was researching homes for sale by auction in Phoenix, Scottsdale, and the surrounding areas. Lender-owned properties don’t always sell as quickly as the banks would like, and sometimes, a stagnant real estate listing will be put up for auction. As of today, there are “only” 220 single family homes listed in ARMLS as [...]
I have a short sale listing that’s scheduled to close today, so I’m inspired to take a look at the Scottsdale real estate market, relative to short sales. In the chart above, you can see that Scottsdale short sale listing activity have been really consistent over the past year. With about 400-500 homes listed in [...]
