Usually, in PA if you call the sherrif's office that handled the forclosure sale they will tell you if the house sold or not. I am sure whoever handles the foreclosure sales in AZ will do likewise.... more
Go onto both the Fannie mae and Freddie Mac homepages and follow the steps to see if they own your loan. If they do you should be able to go to 105% of the value, and your original lender should be able to go to 125%. If they do not, you may be stuck.... more
Ahwatukee is a great area and you are also correct in that the values tend to be higher. One are to consider would be the Chandler and Gilbert areas. Two good areas that rent really well.
Chandler and Gilbert both have freeways, highly rated schools, shopping malls etc that tenants desire.
I would be glad to be an advocate for you in this market.... more
Unfortunately, no. Most all bank owned homes are assigned to an asset manager who will place the home on the market with a local Realtor. If you would like to provide the address, I would be happy to let you know when it is placed on the market.
Deborah Griffin... more
According to tax records, there is no property with the address. Occasionally, the address posted on the property does not match tax records, so you should find out who the owner is and it can be checked that way. 3401 and 3405 exist.... more
Give me a call tomorrow and I would be more than happy to help you with this
Ryan Buckley Realtor®
Turning your Dream into an Address
Coldwell Banker Residential Brokerage
twitter @rcoldwellbanker... more
Well, I think you handled that call properly.
You can offer stats as to what areas have either maintained their prices better than others and seen shorter days on market, or, more recently, seen higher appreciation....or, offer good rental potenial, etc.
After he digests the information you provided, ask this investor to give you a list of the top 5 areas/towns, etc., he will consider, and then send him listings that match his criteria.
By the way - how did this person find you? Referral? Internet inquiry?... more
It seems the homes with pools do rent quicker. It's best that you as the owner maintain the pool as you really can't trust the tenant to do it and you don't want to have problems. You are better off charging more rent and using the extra money to have someone come out weekly to maintain it. The same with the landscaping if needed. You should talk to your insurance broker about the insurance to carry. He will most likely advise you to carry an umbrella policy.
You need to have your tenants sign the swimming pool barrier regulations disclosure to make sure they understand what they need to comply with while renting the property. Some landlords don't want the hassle of dealing with a pool so an ideal situation is to find a home that has a community pool. So it's a matter of what you feel comfortable with, but you will be able to get a higher rent with a pool for sure.
The investors my partner and I are working with right now don't buy homes with a pool and they've had no problem renting the homes out in less than a month.
Good luck and let me know if you need any more info or help in finding a rental property with a good return.
Lorrie Feld, ABR, GRI
Certified Distressed Property Expert
Keller Williams Integrity First