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Category Archives: Short Sale Info

Does Fannie Mae & Freddie Mac Arm’s Length Affidavit Help Homeowners – Or Someone Else?

As a Phoenix short sale agent, I keep my ear to the ground, listening carefully for the sound of common sense solutions that will actually help the housing recovery take place. Unfortunately, common sense is in short supply, drowned out by the noise of “do something – anything” solutions that wind up doing more harm…

Is Your Agent Advising You To Stay Away From Phoenix Short Sale Listings?

dunce

Is Your Agent Advising You To Stay Away From Phoenix Short Sales Listings? If so, they are hurting your chances of finding a home in the foreseeable future.  Today, I received the most interesting phone call from a buyer on a Phoenix short sale listing in my inventory. She was frantic, asking if I could…

A Simple Plan To Force Fannie & Freddie To Work With Homeowners!

uncle sam

I’ve Got It! A Simple Plan To Force Fannie & Freddie To Work With Homeowners! By now, most of you have heard of the 17 banks that are going to be sued by FHA, Fannie/Freddie, etc.  Some screamed with glee (finally the banks are getting theirs!), while others critcized the plan, saying it would only…

Don’t Write An Offer On My Phoenix Short Sale Listing Without Taking The Time To See It First!

phoenix short sale realtor

Don’t Write An Offer On My Phoenix Short Sale Listing Without Taking The Time To See It First! When representing my Phoenix short sale clients, my number one goal is to screen buyers agents, in order to make sure their client is serious about purchasing the home.  Once I feel comfortable that the buyer is motivated,…

Box Score: Phoenix Short Sale Agent Goes 8-For-8 vs Banks In Past 30 Days!

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Box Score: Phoenix Short Sale Agent Goes 8-For-8 vs Banks In Past 30 Days! Hot off the presses!  This premier Phoenix short sale agent team has gone 8/8 in the past 30 days, and they’re damn proud of it!  Despite all of the devious tactics their competitors (the lenders/servicers/banks) tried, the team pulled through with…

FTC MARS Ruling No Longer Applies To Phoenix Short Sale Agents!

Yes, you heard that correctly.  Today, the FTC announced that the recently enacted Mortgage Assistance Relief Services Rule (MARS) will no longer apply to real estate brokers and/or their agents.  The only provision that will continue to be enforced is the section that deals with misrepresentation. Obviously, with pressure from the real estate community (as…

Is It Legal For A Lender To Give A Phoenix Short Sale Agent Distressed Seller Leads?

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Is It Legal For A Lender To Give A Phoenix Short Sale Agent Distressed Seller Leads? More and more, we are hearing of lenders “partnering up” with certain big-name real estate brokerages and designations (i.e. CDPE).  Most of the blogs that I’ve read recently talk of a program whereby certain lenders will send a letter…

Real Estate Ethics 101-Another Day In The Life Of A Phoenix Short Sale Agent

dunce

Real Estate Ethics 101-Another Day In The Life Of A Phoenix Short Sale Agent I have a Phoenix short sale listing on a beautiful home, priced at $399,900.  This past weekend, we received 3 offers on the home.  Our first choice ended up being an all-cash offer at $379,000.  Our 2nd choice was a financed…

Finally, MSNBC reports on the problems when it comes to loan modifications/short sales!

MSNBC reports on the problems with servicers when it comes to loan modifications/short sales…Finally! Finally, someone in the main-street Media is picking up on the core of the issue facing so many homeowners today. Servicers make more money by foreclosing!  Watch this piece, and share it!  Litton is a small piece of the puzzle.  All…

My Phoenix Short Sale Client Just Received A $20,000 Check From Chase!

Stack of Money

My Phoenix Short Sale Client Just Received A $20,000 Check From Chase! As some of you may know, I’ve written articles of the trials and tribulations we have gone through in the new Chase “Foreclosure Outreach” or “Short Sale Outreach” Program. Today, I’m happy to announce that this program is indeed “for-real”, and below is…