by kramoltz@hotmail.com | Jun 19, 2017 | Foreclosures + Short Sales
Arizona’s anti-deficiency statutes protect borrowers from being sued for a deficiency after a foreclosure of a loan used to purchase a home. Exceptions include where the property is more than 2.5 acres, or if it there are three or more units (such as a triplex)....
by kramoltz@hotmail.com | Dec 27, 2016 | Foreclosures + Short Sales
Foreclosures have fallen across the country, with REO inventory down nearly 30% by the end of the summer of 2016 according to CoreLogic. And completed foreclosures in the U.S. are now down 69% from the September 2010 peak. Here in Arizona our trustee’s sales have also...
by kramoltz@hotmail.com | Sep 7, 2016 | Foreclosures + Short Sales, Home Buying
Americans who lost their home to foreclosure are slow to return to home ownership. About 1.9 million of the 3.1 million home owners who were foreclosed on between 2007 and 2013 have passed the 7 year mark, the typical time required to sufficiently improve a credit...
by kramoltz@hotmail.com | Feb 28, 2015 | Foreclosures + Short Sales
Are you thinking you need a short sale? If you are selling a home in Arizona, chances are good you are, as about a quarter of our sales are being done that way. A short sale is necessary when sale of the property will not generate enough proceeds to pay off the loan....
by kramoltz@hotmail.com | Feb 28, 2015 | Foreclosures + Short Sales, Home Buying
The government wants you to buy real estate. As a result, two programs are available to significantly reduce your acquisition costs. So in addition to the low prices, there 2 additional reasons to buy in the Phoenix area right now! But these opportunities expire soon,...
by kramoltz@hotmail.com | Feb 28, 2015 | Foreclosures + Short Sales
In Are Lenders Holding Back REOs, I wrote about the inability of lenders that had completed foreclosures to timely put those homes back on the market. Under ordinary circumstances, a bank will put a “real estate owned” (or REO) home back on the market as soon as...
