$198,900

Listing Number: 4333560

3 Bedrooms

2 Bathrooms

1,277 Sqft

Description:

This was the topic of our roundtable discussion yesterday with Tom Farley. In case any of you are not aware, Tom Farley is the CEO of Arizona Association of Realtors and your lobbyist for the last 13 years. He spoke to the group about Anti Deficiency and the Short Sale, as well as providing updates on issues affecting Realtors that are up coming in the House and Senate as well as your local government. He requested that you go to www.aaronline.com to provide your voice and your support to those issues which include a proposed increase to property tax that is being discussed. He is working very hard to support the issues that maintain the best environment for Real Estate as an industry and homeownership in Arizona. He needs your support added to his work to create the greatest impact.

That is only one reason for my correspondence to you today. One issue that Tom made perfectly clear, and we all felt was important to get out to those of you who may not have attended, is this. In Arizona, there is anti-deficiency protection for a large number of property owners who go thru foreclosure, however, there is no statute that provides anti-deficiency protection to any property owner in the case of a short sale. Our anti-deficiency laws only cover foreclosure. Tom Farley stressed that it is important that we not make incorrect representations to the sellers in this regard. The deficiency protection they may be able to receive is only found in the terms of the short sale approval letter provided by the lender. If the lender does not fully release them from the lien, but only releases the property to close and transfer, there is not any guarantee that the lender will not pursue the seller for the remainder of the unpaid balance on the note. One popular myth that was dispelled at yesterdays meeting is that there was protection if it was purchase money. This is not true. While some lenders are providing the release in these cases they are not obligated to do so. Tom stressed the importance of legal counsel for sellers facing short sale with regards to this issue once again. Please talk to your broker and make sure you are protecting your self and your customers in this very unique market.

$114,900

Listing Number: 4317243

3 Bedrooms

2 Bathrooms

1,879 Sqft

Description:

$189,500

Listing Number: 4324105

3 Bedrooms

2 Bathrooms

1,838 Sqft

Description:

$144,900

Listing Number: 4270936

3 Bedrooms

3 Bathrooms

1,495 Sqft

Description:

$175,000

Listing Number: 4295540

3 Bedrooms

2 Bathrooms

1,266 Sqft

Description: A great home for a family or as an investment. Tiled kitchen area, Pergo floors throughout the main living areas and carpet in the bedrooms. Enjoy outdoor living with a large covered patio, a generous sized grassy back yard and a beautiful pebble tech pool. The home is being sold as a short sale, therefore, the home is being sold in as is condition. The refrigerator washer and dryer do not convey.

$169,900

Listing Number: 4284701

4 Bedrooms

3 Bathrooms

2,495 Sqft

Description:

$119,000

Listing Number: 4284730

4 Bedrooms

2 Bathrooms

1,776 Sqft

Description: Beautiful Remodeled 4 bedroom 2 bath home in the wonderful Circle Cross Ranch Community. This home has gorgeous brand new carpeting and two tone paint through out. New Ceiling fans in all 4 Bedrooms and Family room along with new Dining Room, Kitchen Nook and Entry Way lights. New A/C Unit, and Hot Water Heater. In the Kitchen, you have a new Range, Microwave, Sink , Faucet and Garbage Disposal. All new Faucets and Toilets in the Bathrooms. New Closet Doors, Tile in all the right places and a large Pantry area in the Laundry Room. Finish the list off with a new Back Yard and you have a truly move in ready home in a nice Cul-de-sac.

$210,000

Listing Number: 4289952

3 Bedrooms

2 Bathrooms

1,517 Sqft

Description: Nice 3 bedroom, 2 bath home. Great for family or as an investment property. Above ground pool could be left with the home.