A wise mentor of mine once taught me this concept: Crisis + Time = Humor Over the last few years, more than just a few homeowners have went through the short sale process - and from what I can put together, there will be people trying to decide whether a short sale is right for them for years to come. For better or worse, I happen to be an expert on the subject of "what to expect after a short sale" because it was about 2 1/2 years ago now that I finalized a short sale after not making … [Read more...]
What is Buy and Bail, and should I do it?
First up, the standard disclaimer: I am in no way, shape or form an attorney or tax professional. And you should seek the advice of both if you are even remotely considering buying and bailing. “Buy and Bail” is the term commonly used when one purchases as new home and then “bails” on their existing home. Let's say you, unfortunately, bought your home at the peak of the Phoenix real estate market. You paid $300,000 for your lovely abode. Now you consult your trusty real estate professional … [Read more...]
The Phoenix Real Estate Guy was started by Jay Thompson, and I have a little blogging problem... he liked to say...