Special Listing Conditions

On July 21, 2011 By

Not every house for sale is a clean offer.  Sometimes there are special conditions on the property that will affect the transaction timeline.  One example of this would be “Short Sale Approval Required” or as our Arizona MLS abbreviates it, “Short Sale Aprvl Req.”

Here is a quick list of the Special Listing Conditions that [...]

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Who Prices a Short Sale?

On July 19, 2011 By

Inspiration for this article comes from a recent conversation I had with another agent about a short sale listing that hasn’t received any offers because the seller is emotionally attached to the house and won’t lower the price.

Guys, you’ve got to hear me on this one.  Just like any other real estate offering, the [...]

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What Are the Financial Consequences of a Short Sale?

On July 5, 2011 By

Before I continue, I need you to know that I am not an attorney, nor am I a tax professional. Please, before you make any decisions about your housing situation, consult a professional to have your questions answered.

There are 2 major potential financial consequences of a short sale. The first is a potential deficiency [...]

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What Would an $80,000 House Really Cost?

On July 5, 2011 By

There are no simple answers to this question. When you buy a house, you incur all types of costs depending on your particular circumstances.

Some of those costs could be loan origination fees, title insurance, home warranty, escrow fees, document fees, HOA transfer fees, etc. These are all up-front costs, some of which can be [...]

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Fireworks Are Nice, But What About This?

On July 3, 2011 By

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My Credit Will Be Affected for How Long?

On June 22, 2011 By

When you’re asking yourself the question, “how long will my credit be affected if I do X” it’s important to put the question in context of the product (home loan) that you are inquiring about.  Did you go through a short sale, foreclosure, or deed in lieu?  Were you late on any payments during this [...]

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Paid By The Seller

On June 15, 2011 By

Yet another quick article that outlines one of the basics in buying a home.

When you buy a car, you also pay tax, license fees, document fees, and registration.  These are all one-time costs.  Some of them are paid up front, and some can be rolled into your loan.

The same goes for a house. [...]

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When Can I Jump Back Into Homeownership Following a Distressed Sale?

On May 24, 2011 By

Have you lost your home to foreclosure or a short sale?  If so, you may be wondering how long you have to wait to get back into homeownership.  It all depends on a number of factors.  First and foremost, it depends on how the property was lost.

If through a foreclosure, FHA and VA will [...]

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