Short Sales

Scottsdale Home For Sale – Greenbrier – Short Sale – 3 Bedroom with Pool by Jeff Cameron

by Jeff Cameron November 3, 2011 Deal Of The Month

This home just came back on the market. The buyer found something else and walked from this one. The first time I listed it they were beating down the door to get it. We got 4 offers and picked the wrong one.

This home is just a few doors away from Sunrisa Park. A huge beautiful …

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MAGNETAR – THE DEVIL IN DISGUISE

by Jeff Cameron November 26, 2010 Real Estate Market Update

More NEWS on Magnetar. Magnetar was the hedge fund that singlehandedly extended the financial crisis another 2 years.

I don’t want to try and explain it all when I can just it from the source: goo.gl/hossN

Update Oct. 29th, 2010: This story has been corrected in response to a recent letter from Magnetar. Read their letter, along with …

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DON’T LET THIS HAPPEN TO YOU! Some Arizona homeowners still owe after short sale

by Jeff Cameron November 26, 2010 Short Sales

Great article on AZCENTRAL.com this morning. We send all our Short Sale home sellers to an attorney and accountant for legal and tax advise. This is something one must be cautious of, because the law is not black and white. It is hard to get an attorney to advise without leaning towards their own personal …

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Home Sales Metro Phoenix – Compare Foreclosure to Short Sales to Retail Sales by Jeff Cameron Realtor

by Jeff Cameron October 29, 2010 Phoenix

Home Sales Report for September 2010 – Foreclosure vs Short Sale vs Retail

REO closings hit a high for the year in September with 2,612 closings up 20% from last month. They now make up 43.4% of the home closings.

This could be due to banks changing their position on extending foreclosure dates. We shall see how …

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FootHills Neighborhood in Phoenix – Home Sales Report for Septbember 2010 by Jeff Cameron Realtor

by Jeff Cameron October 29, 2010 Phoenix

Foothills neighborhood at Tatum and Bell in Phoenix – Home Sales Report for September 2010

Inventory up to 34 Homes for sale from 27 or a 26% increase.

Pending homes sales increased to 23 from 20, a 15% increase.

Closing dropped to 5 last month from 11 the prior month, that was a Huge decrease.

The average price per …

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BANK OF AMERICA STOPS FORECLOSURES NATION WIDE 10/8/2010

by Jeff Cameron October 8, 2010 Real Estate Market Update

Wow! Bank of America stops foreclosures nationwide. I am shocked. What next? We now know the too big to fail extended, deepened and worsened this crisis. AIG has been the biggest culprit in driving down prices due to rejecting short sales. If they would have just failed, then have the US government bailout American Banks …

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Has the Foreclosure Wave Begun? Foreclosure Starts Hit Highest Level Since January: LPS

by Jeff Cameron October 1, 2010 Real Estate Market Update

We have been hearing for several years about the wave of Foreclosures. Yet, they continue to hold steady. Now that Fannie Mae, Freddie and big banks like Wells Fargo are going to be strict about giving a extension on a Foreclosure date, maybe the wave has begun.

Foreclosure Starts Hit Highest Level Since January: LPS
The August …

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Foreclosures Are Rising, Despite HAFA and HAMP

by Jeff Cameron September 11, 2010 Real Estate Market Update

But of course they are rising. Even though record number of Short Sales are being approved, others are not. There are so many people trying to commit fraud with Short Sales it is forcing the banks to react. Plus now that values have stabilized, banks are countering the price on every Short Sale. Some buyers …

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Testimonial For The Cameron Team…We sold Mike’s Home As A Short Sale Last Year, Tuesday He Closed On His New Home

by Jeff Cameron September 2, 2010 Short Sales

Amazing! This is just one of the reasons a Short Sale can be better than Foreclosure. We sold a home for a client last year as a Short Sale. He then rented and worked on cleaning his credit. The credit scrubbers got the job done. We closed escrow on Tuesday on his new home. He …

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(Unnecessary) Lender Losses Mount From Short Sales, Topping $310 Million in 2010

by Jeff Cameron August 17, 2010 Short Sales

I saw this article this morning. I thought, what? Lender losses only $310 Million a year from Short Sale. It doesn’t clearly state that what he is talking about is fraudulent Short Sales. I just got an email this weekend from a guy that supposedly has investors with $50 million. They full disclose to all …

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