Apache Junction, AZ Short Sale

And the Mother of the Year Award goes to ... Ronda ... for exceptional generosity in giving her daughter the opportunity to own a home!  Over a year ago Ronda went to her daughter with an idea.  Being home prices hit bottom and mortgage interest rates were at an all-time low, she was willing to put up the down payment money and qualify for financing to enable her daughter to buy a home.  That is when I was contacted to help Ronda find a home within her budget that her daughter would love.  We looked at a lot of homes in Apache Junction, AZ.  All of them were distressed home sales.  We saw foreclosures, Fannie Mae, Freddie Mac, HomePath, HUD homes, short sales and every other diamond in the rough out there.  A fixxer did not scare these women!  Love happened when we found this short sale in July, 2012.  The soon as we put in an offer, the sellers took the home off the market because they weren't sure if a short sale was in their best interest being a second home.  I kept the lines of communication open with the sellers agent and finally the sellers decided in our favor to accept the short sale offer in September.  The original offer of $104,000 was already 2 months old and the sellers were just beginning the short sale process with their bank.  Ronda should also receive the Nobel Peace Prize for exhibiting surpassive patience in the face of an excruciating long short sale.  She hung in there while the sellers bank lost their financials and had to resubmit all their documentation twice, was told it would be processed by the end of the year and wasn't and went through a handful of negotiators who no longer work for the bank.  A mother's love is enduring.

Patience payed off in a big way!  The coveted short sale approval letter came for the original offer amount 7 months later.  During those 7 months property values increased.  The lender's appraisal came in at $111,000 during escrow.  With improvements recommended by the home inspector, the current market value at closing is $121,000.  For a total earned equity of $17,000 while waiting for short sale approval.  Not a bad investment for this cozy 3 bedroom, 2 bathroom 1463 sf home!
I would be happy to represent you and your family in the very important decision of selling or purchasing a home in the Phoenix metro area. I have been representing families since 2006 as a full time REALTOR, GRI and Associate Broker. With my years of experience during the transitioning of home values in the Arizona real estate market, I will gladly share with you my expertise to get you and your family into the home of your dreams.