East Valley Short Sale: New FHA short refinance unlikely to help you
East Valley Team member Dean Ouellette talks about how the national numbers may not reflect East Valley real estate conditions and how Fannie Mae is costing you and me money.
Yesterday my partner Kristin LaVanway talked about how reality sometimes does not match what you see on paper. National numbers don’t always reflect local numbers, and local numbers may not even be specific enough unless you break them down further.
Sales may be down in the East Valley from last July to this July, but prices are actually up a little. And if you are considering buying a house under $200k you better be ready to go in strong as banks are pricing the houses to sell.
Also on a different note Fannie Mae has decided to stop delaying foreclosure dates so short sales can be finished negotiating. This cost you money and it cost me money as they will almost always get more money from a short sale as a foreclosure. If they want to fix the problem they need to make sure they and their servicers make quicker decisions. That is what would really help.
Who says you can't teach a rocket scientist new tricks. Since Kristin left her former profession for her new one she has built one of the fastest growing businesses in the East Valley. Kristin is known for her Youtube videos, make sure you check them out. 
After a long career in political consulting Dean transitioned to real estate and has not looked back. Dean is one of the sick ones who enjoys fighting with banks to get short sales approved and to help homeowners avoid foreclosure. Dean also loves making videos on the subject.
[...] VALLEY, AZ Coffee Talk – East Valley market may not reflect national numbers and Fannie Mae rant East Valley Team member Dean Ouellette talks about how the national numbers may not reflect East [...]