Arizona Short Sale Basics For Real Estate Investors
By Mark Walters Arizona Short Sale Basics for Real Estate Investors If your real estate investment activities involve pre-foreclosures, then you need to understand the Arizona Short Sale. Let’s take a look at the Arizona Short Sale and review what’s involved in putting one together. A Arizona Short Sale occurs when a mortgage holder agrees to accept less than the amount due on the loan. Why would a lender consider a Arizona Short Sale? In almost all cases, a Arizona Short Sale allows the lender to get the property back more quickly...
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By Deb McMillan One of the greatest fallacies in the investment world is that real estate is the “best kept secret.” The fact is when it comes to making money from any kind of property, including Arizona Short Sales, lack of communication equals fewer opportunities. A more appropriate mantra would be “There’s strength (and money) in numbers.” The Ohio Real Estate Investor’s Association (OREIA) has made networking for real estate investors a worthwhile, enjoyable, and profitable experience. When these...
read moreHard Sells: Why ReO
By Deb McMillan Recently there has been a great deal of talk about Real Estate Owned Properties or REO’s. During these conversations investors have asked me if I think the high number of REO’s will weaken the Arizona Short Sale market. The answer to that question is a simple “no” and the reason for that answer is even simpler. An REO is a home that went into foreclosure and was put up for sale at a foreclosure auction but was not sold. Oftentimes, not only was it not sold, it may not even have been bid upon. After this...
read moreFive Mistakes To Avoid When Making A Arizona Short Sale
By Deb McMillan Parts I and II of this article series detailed two mistakes to avoid when making a Arizona Short Sale. The first is not to believe that Arizona Short Sales are quick and easy. The second is to remember that banks do not lose money on Arizona Short Sales. Now Part III tackles the final three mistakes you need to avoid when making a Arizona Short Sale. Bogus Belief #3: Seller bankruptcy stops foreclosure. Many sellers seem to believe that if they declare bankruptcy, the lender can’t foreclose, allowing them to stay in the...
read moreFive Mistakes To Avoid When Making A Arizona Short Sale
By Deb McMillan If you read Part I of this article series, you already know that the first mistake investors make when approaching a Arizona Short Sale is believing that Arizona Short Sales are quick and easy. You also know that to avoid that mistake, you educate yourself on the actual steps involved in the long process. But a second bogus belief also deserves its own separate article to explain. Bogus Belief #2: Banks Lose Money on Arizona Short Sales. In reality, banks lose MORE money by NOT letting investors buy the property before the...
read moreFive Mistakes To Avoid When Making A Arizona Short Sale
By Deb McMillan The first mistake investors make when approaching a Arizona Short Sale is so prevalent that it deserves its own separate article. What is this mistaken belief? Bogus Belief #1: Arizona Short Sales are quick and easy. This belief is bogus because banks have a tedious process they have to go through in order to agree to a Arizona Short Sale. They also have to explain the huge loss on the deal to their shareholders, and they have a lot less interest in seeing the deal move quickly than either you or your seller. Arizona Short...
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