Usda loan: Home loan that currently loans up to 102% of homes value (yes these are available and Scott Schulte's clients has this option if qualified. These are similar to FHA loan requirements)

REO: Real Estate Owned, Bank owned home as a result of a foreclosure or a Deed in Lieu

Deed in Lieu: A way to forfeit your property to the bank to avoid foreclosure.

Short Sale: Seller is asking the bank to forgive part of the mortgage if the home is worth less than owed, The bank can agree to this and it will hurt your credit

Foreclosure: Bank repos the home because of late or delinquent payments (again hurts your credit)

Buy and Bail: an act of fraud to buy another home and let your current home go to foreclosure.

FHA loan: A government backed loan to help buyers get the best rates and low down payments.

VA Loan: Similar to FHA loan but is for veterans and can be a wonderful way to obtain a home even if your credit is not the best.

LSR: Loan Status Report, a form provided by your Mortgage lender or Bank proving that you have the resources to purchase a home for the seller.

Federal Nation Mortgage Association (FNMA): commonly known as Fannie Mae, was established to create a secondary market for FHA loans.

ARIZONA REAL ESTATE

With Scottschulte.com as your place to search for homes, and find out information about Real Estate in Arizona, you get statistics, average prices for the area, and more.

When you look at the details of a homes it will show you:

Date the home was listed
Days on the market
Listing Price History
Property details
HOA details
Cumulative Days on the Market
School Information
Builder name
Subdivision information
Utility Information
type of fencing
exterior features/patio
technology available
parking information
construction style
levels (single or two story)
Lot sizes
Photos of the homes
The virtual tours
Zillow Zestimate valuation
Estimated Monthly Payment
Community information
shopping information

Search for Foreclosure homes only, some of the most competitive deals today, with sweat equity, and homes priced right are the foreclosures homes. We not only have our own inventory of bank owned listings, but we provide a search that contains only bank owned foreclosures for sale.

If your Selling your home we provide your house value, marketing, MLS, Website, and all the necessary tools for you to determine how to determine value.

If your Buying a home Start Here, then we provide easy home loan approval, and credit evaluation to get you a Loan Professional that can get the job done!