Who would have thought we’d be saying this again?  A Seller’s Market?  Right after the Great Real Estate Depression? The Phoenix Metro area real estate inventory is at lows not seen for years.  I just checked the MLS and we’re at 12,000 ACTIVEs in Residential.  And if you’ve read the newspapers lately the prices went up 20% in March. It takes tenacity to get a home right now–both on the part of the buyer and the agent.  There are...

Whether you do a short sale or a foreclosure, if your second lien is with a credit union….you need to face facts!  You will pay off the entire balance.  They will come for you after the short sale or after a foreclosure.  They have a duty to their credit union members to protect the assets and deposits, they can’t “forgive” you of a debt.  You owe that to your fellow credit union members.   So the best you can hope for is a short sale...

You can get a new mortgage loan if it’s been at least three years since your trustee sale or short sale.  But what’s the date the three years starts????  One buyer found out the HARD WAY last week.  Two days before closing–the deal fell apart!  The actual date that starts the clock is when the lender takes your property into THEIR NAME.  It’s not the day you get kicked out of the property or the date the property gets taken away from...