February 16th, 2012 | 
Author: If you’ve driven through the Phoenix Valley lately, you know that this is one of area’s hardest hit by the current economic slump. The total collapse of the American real estate market has absolutely devastated the Phoenix Scottsdale area. And if you don’t believe this, try searching the terms “Scottsdale short sale homes” and you’ll be overwhelmed with results.
You’d think that with a huge inventory of foreclosed and under water homes that finding a short sale or foreclosure home for purchase in this part of the country would be easy, but it isn’t. In fact, unless you’ve got a good Scottsdale short sale realtor, getting into one of these places could be just short of impossible.
That’s because banks are absolutely overwhelmed by the amount of paperwork associated with record numbers of foreclosed homes. Every one of these vacant properties represents a pile of human misery and reams of paper. In fact it’s become something of a joke that there’s absolutely nothing short about a short sale.
Still, for home buyers who are patient and willing to do a little work, these homes can be a tremendous value. Times are still tough in Arizona, but they’re getting better, especially if you’ve just picked up a great deal on a house.
Posted in news