Tag Archives: Foreclosure
Jennie Shook

Bank Owned Home in Prescott Open House

by on November 24, 2011 in Featured Properties, Foreclosures, General, Prescott Comments { 0 }

This beautiful 4625 sq. foot home sits on 7 acres of prime property in Prescott’s Williamson Valley area. Currently Listed at $400,000 dollars. It will be going to auction on 12/2/2011. The last open house before the auction will be 11/26 from 11:00 to 4:00. Come check out this beautiful home with a view. The [...] Read more

Jerry Germansen

Buying a home house with Seller financing in Prescott Arizona

by on July 10, 2011 in Buyers, Retiring in Prescott Comments { 0 }

In today’s economy many buyers are having a very difficult obtaining financing for homes from the banks. Banks are being very cautious and they are just not lending if you have any credit issues or do not fit the profile of an owner-occupied buyer with a regular job that you have been in for a long [...] Read more

Jerry Germansen

Strategic Default of a Loan

by on February 4, 2011 in Buyers, Foreclosures Comments { 0 }

Buyer Default of a Purchase Contract’s Seller Carryback Financing When a buyer has purchased property using financing, the lender has the buyer sign a Deed of Trust and Promissory Note to secure the property and guarantee the note payments. This is true of most financing arrangements including seller carryback financing. With the decline of the [...] Read more

Jerry Germansen

Foreclosures in Prescott Arizona

by on January 31, 2011 in Featured Comments { 0 }

It is important to understand the process of buying a bank owned property. The purchase of a bank-owned home is unlike purchasing a home from a typical homeowner.  Here is why: Once a property has been foreclosed or returned to the bank it becomes an REO (Real Estate Owned) asset of the bank. Those assets [...] Read more

C'Ann Simpson

Arizona adds Short Sale Advisory

by on March 1, 2010 in Featured Blogs, Sellers Comments { 0 }

The Arizona Department of Real Estate is endorsing a new Short Sale Seller’s Advisory prepared by the REALTORS of the State. For a copy click Short Sale Seller’s Advisory where you will find multiple links and great advice for anyone who is looking to sell for less than they owe the bank on their mortgage [...] Read more

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