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Manuel Alvarez – Short Sale Testim...

Last year, I was laid off my job and suffered a loss of income. With my wife not working, and the current state of the economy, I was forced to exhaust all my savings just to cover my bills. We got to the point where we were unable to make our mortgage payments. Pruven was able to let us stay in the home while they were short selling it, giving us time to save money. The short sale was...

The IndyMac Slap in our Face – TBW...

The guys over at TBWS daily have do it again.  We have had several deals with IndyMac banks that have been squashed for no apparent reason…but now we know why.  Why can’t we get a sweetheart deal like this? The Indymac Slap in our Face. 02.08.10 Watch Video <The IndyMac Slap in our...

What is a short sale? – Wikipedia ...

Short sale (real estate) From Wikipedia, the free encyclopedia A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan.[1] It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both...

REO vs. Short Sale...

Things are changing and changing fast. According to the Las Vegas Association of Realtors in November of 2009 out of approximately 11,000 pending sales, short sales accounted for 8,935 pending sales or 67% – while REO pending sales were a miniscule 2,367. These percentages did a virtual flip flop from the same period in 2008 and many markets around the country are seeing the same...

Video: Short Sale Information...

Frequenty Asked Questions regarding short sales, complements of http://www.pruven.org – Pruven Real Estate and Investment LLC. Pruven is an Arizona based real estate brokerage specializing in short sale transactions....

Arizona Short Sale Information...

WHAT IS A SHORT SALE? A short sale is a transaction in which we sell your home for less than the amount owed due to steeply declining property values. A short sale allows struggling homeowners to get out from under homes that they are no longer able to afford and that are no longer worth what is owed on them. Nearly 40% of the homes sold in the Phoenix area in October 2009 were sold by...