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What is a Short Sale?

Kelly Cook of the Kelly Cook Real Estate Group describes what a short sale is. In general, a short sale is when a bank agrees to take less than what is owed for a property....
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Short Sale Calculator

If you need help in determining if you should short sale your home, use the Kelly Cook Real Estate Group's Short Sale Calculator to find out when you home will be an asset again. This is powerful information to help you make...
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New Help for Homeowners Underwater

Just yesterday the Federal Housing Finance Agency (FHFA) announced that they would be making changes to a govement program that could help homeowners who are underwater with their mortgages.  With mortgage rates so low lately, many homeowners are...
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Case Study: In Gilbert Owed $227k to Bank of America

Location:  Gilbert, AZ

Details:  Owner had one loan on his property.

  1. First loan had a balance of approximately $227,000.
  •  Total owed against the property:  $227,000
  •  Our client’s house was short sold for $110,000.

Scenario:  This owner only had one loan against the property,...

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Case Study: In Scottsdale Owed $542k to Wells Fargo

Location:  Scottsdale, AZ

Details:  Owner had two loans on his property.

  1. First loan had a balance of approximately $415,000.
  2. Second loan had a balance of approximately $127,000.
  • Total owed against the property:  $542,000
  • Our client’s house was short sold for $215,000.

Scenario:  This owner...

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Case Study: In Phoenix Owed $665k to ING

Location:  Phoenix, AZ

Details:  Owner had one loan on his property.

  1. First loan had a balance of approximately $655,000.
  • Total owed against the property:  $655,000
  • Our client’s house was short sold for $378,000.

Scenario:  This owner only had one loan against the property,...

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