The Miami Herald had an article in late December by Elizabeth Warren (attorney, Leo Gottlieb Professor of Law at Harvard Law School and Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau) that was interesting to me as a homeowner and real estate agent. It [...] Read more
Arizona Foreclosure Process…One Family’s Story
It’s a sad reality…but one that many families in Arizona are facing. Foreclosure. It’s scary. It comes with a great degree of uncertainty. And…to further complicate the issue…the experience can vary from person to person and bank to bank. I can only tell you what I have personally observed. I will call my “fictional” family [...] Read more
Loan Modification and Credit Scores
In my experience, homeowners will initially try for a loan modification before they begin thinking about a Short Sale. Understandable-we didn’t buy our houses to feel forced to sell, so if we can renegotiate our loan, then it makes sense to do it. There are a few things we should know before taking the plunge [...] Read more
Market Trends
It’s that time again-how did the numbers look in September and what kind of trends are we seeing continue or change? That’s a loaded question right now, with new information from banks on how they’re handling foreclosures and what that will mean for the market over the next several months. But let’s look at September [...] Read more
Banks Freezing Foreclosures
Bank of America announced it is freezing foreclosures in 23 states (but didn’t specify whether AZ was one of them…it’s a safe assumption that AZ is on that list). This comes after the Associated Press reported that BofA mortgage and foreclosure officials had proceeded with some actions without reading forms and documents provided by distressed [...] Read more
Ah-Ha of the Day – What Is HAFA & Who Needs It Anyway? Why You NEED To Know What HAFA Offers!
Note: Ah-Ha of the Day was created with the real estate professional in mind, but may be applied in other industries and provide great information for home buyers & sellers. As a real estate agent, whether you list short sales or not, if you don’t think you need to know what HAFA is, you may [...] Read more
