Metro Phoenix Homes, Market Trends, MLS Listings

DO MORTGAGE SHORT SALES REALLY WORK (Phoenix Foreclosures) (HELP #12) Part 4 of 5 on Active Rain 5 We sometimes hear people say how the short sale process isn’t worth the time and rarely works. That is not our overall experience and we have several practices to help ensure a successful short sale process. First, we prescreen all short ...

BROKERS PRICE OPINION, or BPO for SHORT SALE PROCESS (Phoenix Foreclosures) (HELP #9) Read part 3 of 5 on Active Rain The most important fact the mortgage lender needs to know is how much the short sale property is worth? Most mortgage lenders hire a real estate agent/broker to help evaluate the short sale property. This evaluation process is ...

SHORT SALE ITEMS YOUR MORTGAGE LENDER WILL HELP PAY (Phoenix Foreclosures) (HELP #6) Read part 2 of 5 on Active Rain The lender(s) will usually pay for the following costs associated with the mortgage short sale process: Escrow fee (homeowner’s half) Owner’s title policy Mortgage Recording fee’s Short sale reconveyance ...

Help understanding the mortgage short sale process (Phoenix Foreclosures) WHY HOMEOWNERS SHOULD DO A MORTGAGE SHORT SALE (HELP #4) Read part 1 of 5 on Active Rain A short sale will be reported as “loan paid NOT as agreed” on a credit report. The number of 30, 60, and 90 day late mortgage payments before the loan payoff does not ...

HELP UNDERSTANDING THE MORTGAGE SHORT SALE PROCESS (Phoenix Foreclosures) (HELP #1) How to understand the process: a mortgage short sale is an arrangement between the homeowners and the mortgage lender(s). A short sale occurs when the mortgage lender or investor accepts less money than owed and considers the debt “paid in full,” ...