Downtown and Phoenix Short Sales Are Getting Easier

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Those of us who help homeowners short sale their homes in downtown, N. Central and other parts of Phoenix are finding the process to be more streamline and easier. The banks have better systems in place and are finding short sales to be preferable to foreclosure in many ways. Foreclosures often cost lenders and investors [...]

Do I Really Need Legal and Tax Advice for a Short Sale or Foreclosure

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We hosted a short sale and foreclosure panel discussion yesterday. The panel members included Scott Drucker, a short sale/real estate attorney from Mack, Drucker and Watson, Eric Viavattene, a wickedly smart man from Dobbins Financial and Gerry Russell, the managing broker with Realty Executives Phoenix. Once again we were reminded how important it is to [...]

Short Sales and Credit, how a short sale affects credit scores

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As you can imagine one of the big questions people ask when people consider a short sale is: How will a short sale affect my credit score?  If one looks at Google searches you’ll see that tens of thousands of people a month are searching for phrases like how does a short sale affect credit, [...]

What is the difference between short sales and foreclosures in downtown and north central Phoenix, AZ

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Have you wondered if a short sale is better for you than going into foreclosure? If so, you are one of millions of Americans and tens of thousands of Phoenix dwellers who have pondered this question. The difference between a foreclosure and a short sale is based on many many variables including: Are you protected [...]

Short Sale Truths verses Myths Downtown, North Central Phoenix AZ

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If you’ve been reading up on short sales in downtown, north central and greater Phoenix you are likely quite confused. One of the big problems is that Arizona has some very special statutes that make short sales and foreclosures different than in many other States. Plus, the rules of the short sale game change as [...]

Short Sale Attorney, Short Sale Tax Professionals in downtown, north central Phoenix AZ

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Before we say anything else… if you are selling your home by short sale you really should seek legal, tax and credit counsel…. really!  You have now been advised by a couple guys who work with a lot of people in downtown, north central and greater Phoenix sell their homes by short sale. Since we [...]

Where Can I Find The Anti-Deficiency Statues For Arizona

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We get a fair number of calls and emails about the Arizona anti-deficiency statutes. Arizona is one of few states in the USA to have anti-deficiency judgment statutes. WHAT DOES THE ARIZONA ANTI-DEFICIENCY STATUTES DO FOR A HOME OWNER IN PHOENIX? Simply stated, in most cases, it prevents a lender from attempting to collect any [...]

Short Sales and IRS Tax Liability in Phoenix AZ

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One of the concerns in selling a home by short sale is potential tax liability. For many, the concern is unnecessary. However, not everyone is off the hook when it comes to short sales and the IRS.  Let’s take a peek into the murky word of short sales and IRS tax liabilities. Normally, under US [...]

Short Sales and Deficiency in Downtown, North Central Phoenix AZ

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One of the BIG questions we are asked is: Will the bank come after me for the deficiency on my mortgage loan? Let’s talk about what is meant by deficiency and how that is handled during a short sale in Arizona. What is a deficiency or deficiency judgment in Phoenix, AZ? When a home owner [...]

How Long Does It Take To Do A Short Sale in Phoenix, AZ

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A common question from people buying or selling a short sale in downtown, north central and greater Phoenix is: how long does it take to buy or sell a short sale? We wish there was a cut and dry answer to this question, yet none exist. We can tell you that completing a short sale [...]

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