Question: I purchased a home at a trustee’s sale and the former owner has contacted me to buy the home from me. Is this something I can do or is it illegal? I know of other investors who haven’t been able to sell the home to the former owner. Answer: When you purchase a property [...]
Although the trustee sale market is a bit slow these days, it may be a good time to take a breath and learn about what survives trustee sales and what options you have to resolve them. Most all government related liens will survive a trustee sale. I am going to touch on a few of [...]
When buying a property at trustee’s sale, it is important that the buyer timely obtain the trustee’s deed upon sale. While it would seem to be common sense that you need the deed, it is especially important that the deed be obtained and recorded within fifteen (15) business days after the date of the sale. [...]
Our market is changing before our very eyes – we can see it and feel it happening. Inventory in the local MLS is down to lower levels than we’ve seen in over 5 years. The pending foreclosure “pipeline” is slowing from a gushing torrent to a steady roar. There are multiple offers on REO’s and [...]
Arizona investors have quite a few options for investing right now. The deals are every where you look. Unlike years past when your investment strategy was adjusted every couple of years, investors now seem to adjust every couple of months to keep up with the ever changing market trends. Buying at the court house steps [...]
Recently we discussed how dominant cash buyers have become in the Phoenix real estate market. It’s truly remarkable that for 72% of January 2011 purchase/sale transactions taking place in Maricopa County are for CASH, whereas the national average was only 32%.[1] Nowhere is cash more important than on the Courthouse steps at the [...]