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What is a Short Sale?

Definition of a Short Sale By now, most people have heard of short sales. Many even know what they are. However, there are many intricacies in a short sale. Let's start with the basics. In today's market, most homeowners are upside down on their homes. That means that the value of the home is … [Read More...]

What about Deficiency Judgments?

Deficiency Judgement Flowchart

I get many questions from clients regarding consequences of a short sale and foreclosure.  Specifically, many people are concerned about the tax burden and the deficiency judgment.  I found this helpful flow chart made by Diane Drain over at www.dianedrain.com. One thing you will notice is … [Read More...]

Top 10 Short Sale Issues

Short Sale Pitfalls

In the July/August 2010 issues of Arizona Attorney, Christopher Combs and Adam Martinez wrote a very interesting article about the top issues facing distressed homeowners today.  A lot of the sellers are worried about deficiency, and what the banks are able to do after a short sale or foreclosure. … [Read More...]

Testimonials

Steve’s over and above commitment

Steve Trang was recommended to our family by a trusted professional. While we had bought and sold property the past, we had not done so in today's uncertain and complex market conditions. Despite our hesitance to work with a new business, we are so glad that we followed through and contacted … [Read More...]

Steve Trang Provides Outstanding Service…‎

I lost my job due to the economic downturn and at the same time watched as my home equity went from an approximate $100K + cash that I put in out of pocket to a negative $100K. I spoke with numerous Realtors to try to find the best one to work out a bank short sale arrangement with the bank for me. … [Read More...]