Foreclosures,Short Sales, Bank Owned Properties,SCOTTSDALE, PHOENIX , GLENDALE, ARIZONA REAL ESTATE - Michael Dougherty GRI & Doris Prenninger's High Desert Team


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ATTENTION HOME BUYERS, SELLERS & INVESTORS

for Fine Homes and Land.

Prices are almost 50% lower than at the peak in the Greater Phoenix market and mortgage rates are very good!!

We know where to find values in Short Sales and Bank Owned Foreclosure Properties & negotiate for the right price for you!! Banks list their properties HIGH to market value!
FANNIE MAE BRINGING DOWN THE HAMMER ON STRATEGIC DEFAULTS
Fannie Mae announced today that they will make people who can make their payments and who do a strategic default will make them wait seven years before they are eligible for a Fannie Mae loan. It is estimated that there are 11 million homes acros America who are under water. That means the home owner owes more on the mortgage than the current market value of the home. We are facing the worst real estate bubble in the history of this county. There were predictions that we could have up to 21 million households upside down in their house in three years. I believe Fannie Mae is taking an early position to make people think twice before they perform a strategic default.
DEFINITION OF A STRATEGIC DEFAULT
This is when a home owner is walking away from their mortgage that they could pay but have decided not to because they owe more than their house is were worth at the current time. Home owners are not seeing any hope. So, their ideal suggestion is to give up and start all over.
Furthermore, Fannie Mae stated that they will pursue deficiency judgments in states that allow this by law. Call 480-529-7049 or email mdougherty8@cox.net us to learn about Arizona Deficiency Laws!

Buyers & Investors for Fine Homes!
Bank Owned, Short Sale Properties or well priced Normal Sales

We can guide you to the best values on Bank Owned properties & negotiate a successful closing! MANY BANK HOMES ARE PRICED HIGH to actual MARKET VALUE. We will show you the true market value and negotiate accordingly with the BANK.
Don't try this yourself because you will pay more than you need to pay!!
We can help you find the best resale values (Homes or Land) by using our system which combines days on market, recent sales, location issues and condition of home. WE KNOW HOW TO GET THE CURRENT MARKET VALUE OF A PROPERTY.
As your representative, we will write a solid contract to protect your interests and refer you to competent Mortgage Sources and Building Inspectors..

Sellers - Loan Modifications or a Short Sale
Don’t let your home go into Foreclosure & don’t agree to give your lender your Deed In-Lieu of Foreclosure!
Both are major “equal hits” to your credit!
Don’t pay money to scammers to do your Loan Modification – I will show you how to do it yourself,
no charge!
If you can no longer afford your home, I will show you the benefits of doing a Short Sale where your Lender takes less than is owed on the mortgage and they will not come after you for their loss! You can then move on without the burden of a mortgage and begin to rebuild.
A Short Sale bruises your credit; it doesn’t destroy it like a Foreclosure or Deed-In Lieu!
You pay nothing - the Lender pays ALL COSTS!
The Obama Housing Rescue Plan now includes up to $1500 to you for a successful short sale.
I close 85% of my Short Sales while most agents only have a 10% success rate.
Call me to discuss all of your options!
Michael Dougherty, GRI, e-Pro,
Certified Negotiation Expert
HomeSmart Fine Homes and Land
Broker/Owner & Short Sale Expert
480-529-7049
Mdougherty8@cox.net
We know how to develop a realistic offer price built on the hard facts of recent solds with days on market along with property history!
Michael is currently serving on the Board of Directors for the Arizona Association of Realtors with over 53,000 Realtors and is the Past President (2008) for the Prescott Area Association of Realtors.

E-mail Michael Dougherty at mdougherty8@cox.net

Looking for real estate in or around Phoenix,Scottsdale, Glendale, Carefree, Cavecreek or Anthem AZ ?
We also serve the Prescott Market!
www.DoughertyHomeSites.com

Call or e-mail us with any questions you may have about buying or selling real estate in beautiful Phoenix/Scottsdale, Arizona.

Looking for real estate in or around Phoenix,Scottsdale, Glendale, Carefree, Cavecreek or Anthem AZ ?

Call or e-mail us with any questions you may have about buying or selling real estate in beautiful Phoenix/Scottsdale, Arizona.