From the category archives:

Short Sales

Where is the supposed Foreclosure ‘Shadow Inventory’?

July 5, 2010

I do believe that the housing crisis won’t be over till the unemployment numbers make a shift downward from the 9%+ that it’s been hovering around. That being said, some parts of the country have been more affected by plummeting values than others…that being Vegas, Phoenix and parts of California, Florida and Michigan being the hardest [...]

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What is a short sale?

June 28, 2010

A short sale is a transaction between a buyer and a home owner whereas the proceeds from the sale will be short of paying out the lienholder(s). Because property values dropped on average about 50% in an 18 month period here in the Phoenix area the overwhelming majority of home owners owe more than the value [...]

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The Phoenix Area Short Sale Outlook

June 11, 2010

The volume of listings in the Greater Phoenix area has shifted from predominantly foreclosure to the majority being short sales as most homeowners are upside down in their mortgage and more and more of these distressed owners are learning about this other alternative to being foreclosed on. They will be the driving force of the [...]

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