Arizona real estate foreclosures are up! The Az short sale
is unquestionably up! And of course… As is tenancy? Yes… You and your family could certainly take advantage of a short sale and avoid the foreclosure process and rent for a time. This is apparently the blueprint nearly everyone is opting to employ at the moment.
While home prices continue to fall and the hazard of foreclosure hangs in the balance, many more people are deciding on an Arizona short sale. Foreclosure is hard enough, however in addition to adverse market forces it can be a nightmare for those searching for a way out of their dilemma.
Short sales in Arizona
supply a clean slate with your financial debt in most cases, however your credit rating is definitely negatively affected. And so, leasing becomes a feasible choice.
The following was taken from the East Valley Tribune website:
“Are we turning into a rental community? Right now, we are,” said Tom Ruff, analyst for The Information Market, a Glendale real estate research firm. “In Maricopa County, we’ve had a lot of boom and bust cycles, and this is just another cycle that we’re going through.”
While I certainly agree that this is a cycle, I feel that this cycle goes deeper than anyone expects. You see, the economy as a whole is not improving and the Federal Reserve has announced an end to QE II. QE II came after QE I and is basically the way the government buys its own debt in order to prop up the economy.
Absent this artificial stimulation manufactured by our very own authorities, our overall economy will continue to be affected. At this time there is absolutely no way around it.
Just as the struggling goes on, so will the anguish in real estate. Even so we are seeing falling home prices several years after the crash! Ordinarily, a crash would probably signal a bottom. In speaking with a title company representative recently, I learned that 50% of the real estate purchases now occurring are increasingly being completed by investors!
Certainly, if you have money to shell out, the american property marketplace is ripe with bargains and with prospective renters.
Those of you in the position of being upside down or unable to make payments on loans that have rates adjusting higher, can participate in this market as well. Use the benefit of a short sale in Arizona to get out of your problem situation. Then, lock up a rental property or a lease purchase or lease option deal to re-establish yourself.
Within a few years, your consumer credit will probably be less of a challenge and you will be able to take a look at classical home purchasing situations. In the event you chose to permit a foreclosure, your credit may very well be altered for an extended time frame. You owe it to yourself and your family to look into an Arizona short sale. So You may want to have a discussion with a short sale specialist right away!
Learn more at http://www.arizonashortsaletips.com/