The Short Sale Trouble In Phoenix
Group 4610, Arizona’s Leading Short Sale Team has introduced a new-fangled video blog, suitably named myfirstshortsale.com. The center of this blog is to help house owners get the accurate information on short sales and what is really going on in the real estate marketplace nowadays. Because of their practice in the real estate marketplace and in particular with short sales, they have a better knowledge of the details and statistics that hover around the real estate trade.
The focus is directed at helping the home owners determine what is real and what is not real. They have closed more than 90 percent of the short sales that they have taken, with hundreds successfully closed.
A recent commentary highlighted Arizona’s Treasurer Dean Martin and how he wanted to help advance the short sale process because it has engulfed the state of Arizona. The narrative noted that approximately one out of every eight homes currently on the market in the Phoenix area are short sale homes. Since this stat seeemed a bit off, we checked it out. Ironically, we found that there are about 54,000 homes on the market. More than 19,000 of them are really short sale listings. We bring this up so that you understand that the information out their is not always accurate concerning short sales. Here is the bottom line, there are 2 things that have to get better to help these short sales get closed. 1st the lender needs to cooperate and more importantly, the real estate agent needs to be well-informed and experienced. So, as you search for a real estate agent, be sure to pose 2 specific questions to a real estate agent that you may potentially work with. How many short sales have you closed? What percentage rate have you closed?
If you have questions, get your Short Sale questions answered by Short Sale Specialists.
Watch this and more short sale videos by Kevin and Fred at My First Short Sale
Also, follow Group 46:10 on their blog at Maricopa – Short Sale Arizona
For more videos on short sales check out Kevin and Fred on the Short Sale Power Hour. Video for Short Sale Specialists.


Fred Weaver is a founding co-owner of Group 46:10. He has been working in the financing/real estate business for over 7 years. Fred began his real estate career by working for a large wholesale bank as a processor and rate/lock specialist for home mortgages. After 2 years in the business, Fred transferred from the banking side of home loans to the mortgage side. While on the mortgage side of financing, Fred gained experience originating mortgages and processing files for Morgan Capital of Arizona, Inc.
Kevin is a founding co-owner of Group 46:10. He began working in the real estate business in 2007 after spending 8 years working in the finance industry for companies such as Bank One, Green Tree Financial, & GE Capital.