I call Arizona’s last 10 years the real estate ‘gold rush’ …. where for the first time home buyers thought of getting rich and making money on their own and a place to live was secondary. yes, a lot of money was made; and lost. However, let’s remember the Top 5 reasons to buy a [...]
Archive | January, 2008
Lease Option vs. Lease Purchase
Posted on 15 January 2008.
Phoenix and Scottsdale area lenders are tightening their lending practices. It is increasingly more and more difficult for home buyers to get loans. Now 100% loans, or ‘majority financing‘ is a very limited option, buyers and sellers have to be creative to get real estate transaction closed. There are 2 strategies that may work; The [...]
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SHORT SALE … the new 'Sub-prime'
Posted on 05 January 2008.
Short Sale may be replacing ‘Sub-prime’ as the word of the year for 2008 so, what exactly is a short sale in Real Estate? Selling short , or a ‘short sale’ means offering (and a lender accepting) lesser amount than money owed to the bank. The good: salvage credit (potentially) and possibly avoid bankruptcy, …. [...]
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