One of the most common questions I am asked by my short sale sellers is “Do I continue to pay my mortgage while I try to short sell my home?” Simple enough question right? Well, the answer is maybe. It used to be that in order for many banks to even consider your home for a short sale, you had ... » Learn More about To Pay or not to Pay (On your Short Sale)
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Desert Ridge Beauty at Aviano
Upgraded inside and out, it's not your average Short Sale. Kitchen features stainless appliances, gas range, granite counters and more and opens to a large family room with gas fireplace, high volume ceilings and built in entertainment center. MBR is down with large, luxurious bath incl. granite, ... » Learn More about Desert Ridge Beauty at Aviano
Major Banks Not Buying In To Arizona Foreclosure Plan
Featuring Joseph Maggiore Phoenix Business Journal, Jan 2011 Banks and mortgage lenders are shunning a $125 million foreclosure assistance program started by the state of Arizona in September. Thus far, only one — National Bank of Arizona — has agreed to participate in a principal reduction ... » Learn More about Major Banks Not Buying In To Arizona Foreclosure Plan
Principal Cuts Left Out of Mortgage Modifications
Featuring Joseph Maggiore Phoenix Business Journal, Oct 2010 Elvis Saloum said his mortgage brokerage has done 100 modifications over the past 18 months and not one of them has resulted in lowering the principal loan amount for distressed borrowers. “Not a single one,” said Saloum, a loan officer ... » Learn More about Principal Cuts Left Out of Mortgage Modifications
Investors, Agents Getting First Dibs on Short Sales
Featuring Joseph Maggiore Phoenix Business Journal, Jan 2010 Investors and real estate agents who want to buy and then flip houses are getting a head start over other buyers when it comes to short sales, and that’s raising red flags among consumers and banks. Short sales are ripe for the picking ... » Learn More about Investors, Agents Getting First Dibs on Short Sales