Many people in Arizona are considering a strategic default and are wondering "what exactly happens in the foreclosure process?" Kevin Hardin from Thomson Law did a nice job of laying out exactly what happens in the foreclosure process in Arizona. Highlights Arizona foreclosure law is very clear: a lender must send you a breach and default letter saying you have 30 days to pay this mortgage … [Read more...]
David Dion at Solutions Real Estate: Should You Consider Buying a New Home?
Local real estate company owner David Dion does a nice job summarizing some of the things to think about when buying a short sale or foreclosure here in Arizona. David Dion: A Few Simple Things You May Want To Consider One particular note for people who are considering buying a new home was particularly insightful - you might be surprised at how competitive the new home builders are. "A lot … [Read more...]
Renting A House After Foreclosure: The Inspection
If you find yourself in the situation where your house has been sold at auction, one of the easiest ways to find somewhere to live is to work with a property manager. And one of my Las Vegas property management friends was talking with me this week about something that is very important when moving into a home - the inspection of the property prior to moving in. Before moving in, you should … [Read more...]
Short Sales and Loan Modifications: Home Affordable Foreclosure Alternatives Program (HAFA)
Home Affordable Foreclosure Alternatives Program (HAFA) On November 30, 2009, the Treasury Department released some exciting news and requirements for its new Home Affordable Foreclosure Alternatives Program (HAFA). As part of the Home Affordable Modification Program (HAMP), HAFA is set to assist distressed homeowners obtain pre-determined short sale agreements that will enable both buyer and … [Read more...]
Thinking of Short Selling Your House?
Short sales in the Phoenix area are going to increase in 2010 - and chances are that you may have stumbled on this post wondering what your short sale options are. Here is a video done by two of our local Realtors talking about short sales, the short sale process and some of the things that you can expect. Need help with a short sale? Talk to Dean or Kristin. Two of the best in the … [Read more...]