With examples from real life -first, get in just under the wire and buy a house for $757,500 in June 2006, right as the market is starting it's downward slide-13 months later, after the slowdown has had some time to really take hold, list the house for $925,000, or 22% more than you paid (buyers ha...

A house in Finisterra sold in December 2004 for $1,170,000, and has now gone into foreclosure. And it didn't have to happen. Seven months after that sale - and after some work had been done to the house, but not a complete re-model as the listing promised, or maybe over-promised - it went back on th...

Listed for $1,050,000 this one is 4272 sf, 5 bedrooms/5 baths, built 2007 with a pool and a one bedroom guest house. See it here> 5128  N Calle Ladero, Tucson, AZ   The listing says "This is a Bank Owned property previously listed for $1,650,000!" Yes it was, and I'm guessing that ...

Two new spec homes on Camino Real, designed and built by the late David Tyson, are now officially listed as bank owned. For a while there was a confusing on-again off-again game of bouncing back and forth between being listed as normal sales and short sales. But I've got a feeling this latest REO/le...

I remember looking at this one for myself when it was for sale in 2006.If you like the east side of the Foothills near Sabino Canyon, this is a very private location snug up against the Coronado National Forest. That's what intrigued me, though the house didn't. But apparently someone liked it becau...

What was once an estate on almost 7 acres in the old Foothills has since become a hub of short sale and lender owned activity. Planned and built during go-go years this little enclave off Campbell Avenue now has three of the five properties in either short sale or for sale by the lender, REO. The to...

Last week I was in class learning the in's and out's of handling transactions for short sale, and lender owned properties, a.k.a. REO properties. I took the classes because home buyers today are interested in short sale and REO properties, and in order to represent them properly it's essential to un...