Options for Homeowners facing foreclosure

February 11, 2008

Today, it is estimated that between 2 and 3 million Americans may face foreclosure.

If you are one of the many, you should…Options for Homeowners facing foreclosure

Know your Options if you are facing foreclosure :

In Phoenix | Scottsdale and all of Arizona, we use Deeds of trust, not mortgages, which change some of your options you may have in other states.

First and most importantly, …

1) Contact your lender to work out possibilities such as short-sales, loan re-structure or deed-in-lieu of foreclosure. Many lenders will work with you to try to minimize losses for everyone involved.

2) A short sale should be handled by Realtors with experience in foreclosure or short-sales.

3) Speak with attorney and a CPA regarding legal and tax (financial) implications that a short sale, deed-in-lieu of foreclosure or traditional foreclosure may have.

Finally,

4) make sure you act sooner than later. Most problems can be handled if there is enough time.

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Copyright © 2008 By James Wexler, All Rights Reserved. *Help Options for Homeowners facing foreclosure*

Contact James Wexler (480) 221-8080 for all your Phoenix Scottsdale area Real Estate needs.

Written by James Wexler · Filed Under Articles, Sellers, Short-sales / Foreclosures | Leave a Comment 

5 secrets to sell your Home !

February 2, 2008

Home selling is mostly common-sense. However, it is such an emotional decision, that it often hard to follow your mind and instead follow your heart.secrets of real estate

These are the 5 most common mistakes that sellers make when trying to sell a home.

  1. Price your home right. Not what you want or need, but what the market dictates.
  2. No offers in a month. Lower prices at least 3%
  3. Price your home based upon comps of sold properties (within 3 months); Not active listings!
  4. Incentives such as contribution towards closing costs allow buyers to come up with less money making it easier for the borrower to obtain a loan.
  5. Do not overprice your home with the idea you have room to negotiate. Buyers will make offers on lesser priced homes.

As you can tell, most of the so-called secrets of real estate selling are price driven. Most homes, like most products in the economy, sell predominantly be price or value.

No one will pay 10% more for a car, if they can go next door and pay less for virtually the same car.

Real estate, although, not a commodity acts very much the same way.

For advice on home selling, always interview at least one real estate professional or more to get a true picture of the market in your area.

Here are the names of a few respected real estate professionals.

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Copyright © 2008 By James Wexler, All Rights Reserved. *5 secrets to sell your Home !*

Contact James Wexler (480) 221-8080 for all your Phoenix | Scottsdale area Real Estate needs.

Written by James Wexler · Filed Under Articles, Buyers | Leave a Comment