Scottsdale Arizona
February 8, 2012, 5:43 am
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A Foreclosure Buyer’s Guide to Property Repairs

By Rick Sharga, Vice President of Marketing for RealtyTrac

One of the most overlooked and underestimated expenses involved in the purchase of a home is the cost of repairs. Whether the problem is a defective part in an appliance, a structural problem overlooked by the home inspector or just Murphy’s Law making its presence [...]

Want to Be Taken Seriously in the Foreclosures Market? Make a Realistic Offer!

By Rick Sharga, Vice President of Marketing for RealtyTrac

It’s no wonder that the foreclosures market is gaining popularity among first-time buyers and real estate bargain hunters alike. Foreclosure properties can often be purchased at 10 to 30 percent less than their market value, making them an attractive investment in a time of soaring real [...]

Five Tips for Buying a Foreclosure Property Below Market Value

By Jim Saccacio, RealtyTrac Chief Executive Officer

If you feel like the escalating costs of real estate have priced you out of the market, think again. It may be time to investigate the vast opportunities available in the foreclosures market.

For people willing to do a bit of homework, the foreclosure market offers some [...]

Foreclosure Wiki: Why work with a foreclosure buyer’s agent?

Buyer’s Agent Smoothes Sometimes Bumpy Road to Foreclosure Purchase By Rick Sharga, Vice President of Marketing for RealtyTrac

Whether it’s the first time or the tenth, buying a home can be both an exhilarating and overwhelming experience. As with any major purchase, there’s a significant amount of pressure to make the right decisions about [...]

Foreclosure Wiki: Foreclosure, REO, bank-owned terms glossary

203(b):FHA’s single family program which provides mortgage insurance to lenders to protect against the borrower defaulting; 203(b) is used to finance the purchase of new or existing one to four family housing; 203(b) insured loans are known for requiring a low down payment, flexible qualifying guidelines, limited fees, and a limit on maximum loan amount.

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Foreclosure Wiki: The Short Sale Process in Arizona

What is a Short Sale?

Simply put, a short sale is used to describe the sale of a home in which the homeowner owes the bank more than the home is worth. The bank agrees to allow the home to be sold for less than what is owed (AKA Short Sale).

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Foreclosure Wiki: Understanding the foreclosure process

Understanding and Navigating Your Way Through the Foreclosures Process By Rick Sharga, RealtyTrac Vice President of Marketing

Foreclosure properties can be a terrific investment, or give home buyers a much more affordable option than traditional properties in this time of escalating prices. But, before you jump in assuming this is “real-estate for dummies” or [...]

Foreclosure Wiki: Before You Buy a Foreclosure Property, Do Your Homework!

Online tools allow you to evaluate potential purchases from the comfort of your home By Rick Sharga, Vice President of Marketing for RealtyTrac

There are two words that give pause to the most motivated real estate buyer or investor, especially during the busy holiday season: property research.

In the past, property research equated to extensive [...]