Don’t forget to bulldoze your house
February 19, 2010 by Short Sale Specialist · 14 Comments
A recent Ohio man had enough from his bank and bulldozed his house before the foreclosure. Now, some may say that this is a controversial move. In fact, 1 out of 1 persons in a recent poll said that it was the wrong thing to do. Of course, that one person would be me. So [...]
ABC news says to walk away from your home
February 11, 2010 by Tempe Real Estate Agent · 7 Comments
There’s a very interesting article from ABC news that suggests it’s ok to walk away from your home. This is certainly controversial advice. While some may want to stick it to the lenders, it is better in the long run to short sale your home. FHA recently stated that they will allow you to purchase [...]
The recession is over
January 28, 2010 by Tempe Real Estate Agent · 9 Comments
Is that a bold statement? Yeah, probably. But I used very careful metrics to determine this. I am going to reveal it here because I trust that my readers can keep it secret. Ready?
Last night, my wife and I went to PF Chang’s for dinner. We were going to go [...]
Just added a BPO List
October 22, 2009 by Tempe Real Estate Agent · Leave a Comment
Some of the other agents have asked me how I got to where I am with foreclosure listings. Well, like anything else, it was hard work. We have to do many broker price opinions (BPOs), and as we do quality work, banks begin to trust us with their foreclosure properties. Anyhow, I’ve created a page [...]
Market Analysis for July 2009
August 2, 2009 by Tempe Real Estate Agent · 8 Comments
The sizzling summer continues to sell homes. The trend of homes flying off the shelves remains the same as we have had three straight months of 8000+ homes sold. Phoenix continues to pace the race with its inventory going down to 3.9 months. Gilbert is a close second at 4.2 months.
11531 pending homes sales in [...]
Tempe Foreclosure Listing – 1849 E Magdalena Dr
July 18, 2009 by Tempe Realtor · 1 Comment
Bank owned property needs a new owner. Diving pool. Energy efficient A/C updated in 2005. New roof 2006. Workshop with extra storage. Large backyard, mature citrus in front and back, GE refrigerator. Sunken living room, formal dining room, family room w/fireplace, twin sinks in both baths, ceiling fans in all bedrooms and family room. Close [...]
You shall not pass! (aka short sale approved!)
July 14, 2009 by Short Sale Specialist · 4 Comments
Like Gandalf in the Lord of the Rings, I had to stop the bank from foreclosing on my client. It took a lot of work, a lot of pleading, a lot of explaining, and there were tears here and there, but we finally have short sale approval. I would venture to guess that my clients [...]
Foreclosure Step 1 – Cash for Keys
July 14, 2009 by Tempe Realtor · Leave a Comment
So I’ve got a new listing. It’s not ready to go on the market yet. Many things need to occur from trustee sale (the foreclosure action in the state of Arizona) until actual marketing. The first thing I needed to do was inspect the property from the outside to verify its occupancy status. If the [...]
New Tempe Foreclosure Listing
July 11, 2009 by Tempe Realtor · Leave a Comment
My friends, I just got my first foreclosure listing in Tempe. I’ve had multiple bank listings in Phoenix, Mesa, and even as far as Sun City, but this is my first Tempe foreclosure listing. I thought this would be an excellent opportunity to allow my loyal readers to see what it’s like in dealing with [...]
Blame Canada!
May 26, 2009 by Tempe Realtor · Leave a Comment
Is this what we’ve come to? We’re going to rent from investors from Canada? According to the New York Times, investment firms are buying hundreds of our homes here in Phoenix as rental properties. They are buying bank foreclosures and then leasing the properties back to the original borrowers. In many ways, this works out [...]
