DC Ranch Foreclosures For Sale in Scottsdale, Arizona

SCOTTSDALE, Ariz. - Dec. 17, 2017 - PRLog -- I can email you ALL Arizona Foreclosures, Short Sales, REO Properties, Bank Owned Homes, Lender Owned Homes, and Pre-Foreclosures for free.  Simply give me a call at 480-323-5365 or email me at arizonamansions@gmail.com and I will have all distress properties for sale in your email within minutes so you do not have to shuffle through multiple out dated real estate websites.  My property lists are 100% accurate 100% of the time.


With over 20 years of experience in Arizona Luxury home sales, please believe me when I say, experience goes a very, very long way in Arizona Real Estate.  I am, and will remain at your service for life. WWW.NICHOLASMCCONNELL.COM

I have no problem offering 20% below asking price for my buyers.  With firm negotiations, I will get you the very best price available for your new home here in Arizona.  There are too many poodles in Real Estate.  If you want the best price possible, you need a pit bull, and I am just that.  My negotiation tactics far surpass most Realtors I encounter on the daily.

There is a high inventory of homes on the market in Phoenix, Arizona. Right now may be an excellent time to buy, not such a good time to sell. Sellers and builders are offering wonderful incentives to buyers. It has become slightly more difficult to obtain a home loan due to the high foreclosure rate. Lenders have been tightening their standards due to the high foreclosure rate. This article discusses foreclosures, pre-foreclosures, and short sales. At any time while reading this article, please feel free to click on the website associated with this article to get in contact with a professional Realtor in Arizona to help you with all of your Arizona Real Estate needs.

Whom ever people are making their mortgage payments to are the ones taking the hardest hit when a home goes into foreclosure. When a home is in foreclosure, it means that the home owner has stopped making their house payments. When this happens, the bank is forced to foreclose on the home and re-claim the home. Once they re-claim the home they want to get rid of the home. To get rid of the home, the bank must sell the home at fair market value for the home to have any chance at selling. If the fair market value is less than the amount owed on the home, the bank is going to take a loss because they loaned the home owner more money than the home is currently worth. If the home had any equity at all, the home owner probably would not have had to foreclose because they could have refinanced the home to take money out to pay the mortgage payments.

Lists are distributed to Realtors that are in pre-foreclosure, which means, the people are on these lists are late making their house payment, and have a possibility of going into foreclosure. This is a touchy subject to the people that are making their house payment late. There are multiple reasons why someone would stop making their house payments. Usually, the people that stop making their payments on their home are not doing it by choice, but out of necessity. However, you may be helping someone by an investor or home buyer purchasing a home in pre-foreclosure. If you can not afford the home any more, perhaps someone will purchase the home for you so you do not have to make the payments anymore.

If the home owner that went into foreclosure owes three hundred thousand dollars on a home, and other similar homes in the area are now selling for two hundred and thirty thousand, the bank is going to take a loss. This is a good time to get a home at fair market value, or possibly less. When the bank forecloses on a home, they own the home at this point. The bank acts as the seller, and the buyer and the buyers Realtor are now negotiating on a price with the bank. If no better offers are coming through the door, the bank may take your low offer.

When a property is in pre-foreclosure may be a beneficial time for someone to purchase a home. That is, if the property that is in pre-foreclosure has some equity. If the homes in the area are selling for three hundred thousand dollars, and the person that is in pre-foreclosure owes two hundred and thirty thousand dollars on the home, a good purchase price would be two hundred and thirty thousand dollars, or maybe two hundred and forty thousand. If a similar floor plan just sold in the area for three hundred thousand dollars, then this would be a wonderful buy because you just picked up some equity. Sometimes a Realtor will represent the bank and act on the banks behalf and negotiate a list price for the home. The bank is asking for a Realtor to sell this home at fair market value. This way, the bank can continue banking, the Realtor can try to get the property sold, and the homeowner can possibly get out of their mortgage once the house sells. This is a winning situation for the buyer, the bank, the homeowner, and the Realtors.

Please visit http://www.nicholasmcconnell.com to view ALL homes for sale in Arizona for free, and for much more information.  I do sincerely look forward to working with you.  I am, and will remain at your service for life.