As a full time team of Real Estate Professionals, we saw the shift in the housing market early. With a growing number of our listing clients facing hardship and not able to sell, we have geared up and established Realty AZ Short Sales.com.
Realty AZ Short Sales grew out of our consistent success with bank negotiations. With that knowledge, we are able to work with any of the lenders and we directly negotiate the transactions ourselves instead of assigning the files to negotiating servicers because we want to make sure that our personal service extends through all steps of this important process. While most of the short sales processed at Realty AZ Short Sales are for our Friedman Realty AZ Group, we have a growing number of Arizona agents who rely on our expertise for their short sale clients.
With less than 1% of Realtors® nationwide who know how to conduct Short Sales, we are in a unique class of qualified agents. The fact that we are a full time team, places us in an even smaller percentage of highly skilled professionals. Whether you are a Seller, a Realtor or a Lender, you can be confident that Realty AZ Short Sales has the experience to navigate the complex short sale maze and bring about a successful resolution for all parties.
We look forward to working with you.
That’s really not a question that I can answer for you. But, what I can tell you is that there are investors who hold notes on homes who will absolutely refuse to consider you for a short sale unless you’re past due by at least 30 days.
My initial response to this is complete rejection. Logically, there’s not going to be much of a difference between a seller who has decided not to pay who presents a short sale offer, and a seller who has actually stopped paying who presents the same offer. The only difference is 30 days.
Most creditors are NOT going to negotiate with someone who is actively paying their bill. It doesn’t matter if it’s a home mortgage, a credit card, or a personal debt. Short Sales, however, often have been an exception to this rule, as many investors see the value of cashing out as soon as they can before the values continue to fall, if in fact they fall. But recently, they’ve started to tighten the reigns.
If I loan you $100.00, and you agree to pay me $10.00/month for 10 months, and you continue to pay, I’m probably not going to be likely to agree to accept a settlement until it’s proven to me that you aren’t going to pay me anymore. If you pay me $50.00, and then stop paying me, then you approach me a few months later offering an additional $20.00 to settle the entire debt, I may be likely to simply take it and write off the remainder because I’ll want to get what I can when I can, rather than gamble losing it all in the end.
So, I cannot advise you to stop paying your mortgage, because I’m acting on behalf of your best interests, and your best interests include anything and everything that is non-destructive. When you stop paying, it will affect your credit negatively. What I can tell you that if you do stop paying, it will show your lender that you’re serious. Of course, if THEY tell you to stop, that’s a different story, and in my opinion, loony on their part.
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“It’s all about personal service.”
Since 1988 Friedman Realty AZ and our team have provided residential property owners and buyers with a wide range of Real Estate services.
As the residential market in our community becomes more complex, the need for skilled support becomes more critical. At Friedman Realty AZ our goal has always been customer satisfaction. We're here to help you through a difficult transaction and will make your next step in Real Estate as easy as possible.
For over 20 years now Friedman Realty AZ has experienced the ups and downs of the ever changing Real Estate market in The Valley of the Sun and we have confidence that you will not only be satisfied with our ability to assist you, you will be happy with the results of our service.
Please contact us anytime for help and any questions you may have!
Cheryl Robinson 602-485-0442
Realtor / SFR CherylRealtyAZ_aol.com
Greg Robinson 602-485-0441
Realtor / SFR GregRealtyAZ_aol.com
Ira Friedman 480-998-0558
Realtor Ihfa_aol.com
Debie Friedman 480-998-0559
Broker Debie114_aol.com
Paige Hahn 602-513-9292
Realtor RPHahn_msn.com
