Short sales not a long shot, experts say

I completely attest to this. I'm finding my short sale listings go under contract within a week at most. Banks are favoring short sales because they net more proceeds. We're also seeing the change in paradigm with regards to credit score. FHA has changed their guidelines to requiring that a borrower who has a short sale on their record can get approved for a new FHA loan 2 years from the date that the short sale was recorded. If you read between the lines that is an indication of the shift in what credit means today.

I'm not a credit advisor and guidelines do change. But in my opinion people are just scared of the unknown. Short Sale's wouldn't be around if they were not a viable option for all parties involved. The best thing to do is consult with an attorney, CPA and a trusted real estate professional, preferably one who has experience with short sales.

The media projects a lot of fear and people who are not in the business and uninformed can also create doubt and angst in your mind. Always consult professionals and make an educated decision.

Uzi Husain, REALTOR, CSSN
Certified Short Sale Negotiator
Keller Williams Realty Professional Partners
http://www.UziHusain.com


Short sales not a long shot, experts say

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Avondale could be home to TV, movie studio

This is exciting. Please see the link to read details.

Avondale could be home to TV, movie studio

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Bidding wars complicate housing market

Bidding wars complicate housing market

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Neighbors: Exec. moved into bank-owned beach home

here's my comment: NO COMMENTS!

Neighbors: Exec. moved into bank-owned beach home

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Group to host HOA forum in West Valley

Group to host HOA forum in West Valley

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Center caters to high-end home design pros

Center caters to high-end home design pros

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More zoning violations investigated in Paradise Valley

More zoning violations investigated in Paradise Valley

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As deadline looms, Phoenix may sell historic properties

As deadline looms, Phoenix may sell historic properties

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Theft of fixtures becomes major risk in foreclosures

Theft of fixtures becomes major risk in foreclosures

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Valley foreclosures drop, but reasons unclear

In addition to the bank back log my theory for this is that a lot of Short Sales are finally starting to close as well. When a home owner is able to list their home with a Realtor, especially one that is experienced and knowledgeable about Short Sales and are able to work with the bank to get a short sale approval then those home owners are able to avoid foreclosure.

Most of my business right now is Short Sale business. I recently got my first designation as a Certified Short Sale Negotiator and together with my team of short sale negotiation experts, we're seeing a huge success rate in helping home owners avoid foreclosure. If you're interested or know of anyone who needs to consult with a Realtor and discuss if Short sale is a good and viable option for them, please let us know. Thanks.

Valley foreclosures drop, but reasons unclear

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9/5: Wildlife World Zoo marks 25 years

I have to try to make it there soon, before we move to Scottsdale in a few weeks. It's a great li'l zoo and another fun place to shoot some pix.

9/5: Wildlife World Zoo marks 25 years

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