Check out some other YouTube Videos of Properties for sale!
Here is a snapshot of sales from 2009 in Maricopa County, separating short sales, foreclosures and “regular” sales. Sales have increased by approximately 30% from 2008 to 2009. In 2010, short sales and foreclosures will continue to dominate the number of sales. In looking at the graph below, short sales picked up dramatically and were almost 1/4 of our sales in December. I expect the number of short sales to rise even more this year and make up perhaps half of all sales! Pricing has been flat the last several months but if the foreclosures and short sales continue to dominate the market, some areas have not seen the worst of it (whereas areas like Old Town Scottsale may continue to remain flat). I like to be positive and think 2008 was the worst of it!! 
| Total Sales | $1-$399,999 | $400,000+ | REO Sales | Short Sales | |
| Jan | 4,285 | 3,989 | 296 | 2,881 (67%) | 396 (9.2%) |
| Feb | 4,869 | 4,525 | 344 | 3,278 (67%) | 444 (9.1%) |
| March | 6,881 | 6,504 | 377 | 4,709 (68%) | 690 (10%) |
| April | 7,655 | 7,222 | 433 | 5,108 (66.7%) | 774 (10.1%) |
| May | 8,338 | 7,852 | 486 | 5,349 (64%) | 947 (11.45%) |
| June | 8,254 | 7,706 | 548 | 4,804 (58.2%) | 1,118 (13.5%) |
| July | 7,989 | 7,440 | 548 | 4,246 (53.1%) | 1,344 (16.8%) |
| Aug | 7,076 | 6,609 | 467 | 3,641 (51%) | 1,353 (19%) |
| Sept | 6,948 | 6,464 | 484 | 3,331 (48%) | 1,363 (19.6%) |
| Oct | 7,024 | 6,559 | 465 | 3,116 (44%) | 1,379 (19.6%) |
| Nov | 6,506 | 6,078 | 428 | 2,637 (41%) | 1,325 (20%) |
| Dec | 6,551 | 6,071 | 480 | 2,803 (43%) | 1,517 (23%) |
Feb 052010
Many homeowners think if they go to foreclosure they “wipe their hands” from their lien and will never hear 
from their old lender again. Often, homeowners will avoid a short sale because they think they will have to re-pay part of their mortgage yet think if they go to foreclosure, they are “free and clear.” Contrary to this belief, in many states the lien holder has 5-6 years to contact the homeowner for deficiency judgment. With a short sale, a good listing Realtor will ask the bank upfront if the seller will be held liable for a future deficiency payment. Banks are sending these unpaid liens to credit agencies, so it is not rare, both with short sale and foreclosure, that a creditor will be calling a seller that went to foreclosure.
For more info, visit this article from CNNMoney.com.
Could there be “light at the end of the tunnel” when it comes to selling your home via short sale? If you do not qualify for a home loan modification, there is a chance the bank will provide a pre-approved short sale which will streamline the sale of your home. No more waiting months and months for a short sale decision! Could it be this easy? Expect to see more on this topic…
Read the full article “Treasury Releases Guidance for Making Home Affordable Short Sales.”