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Escrow and Foreclosing Properties AAR 2009 Winter Real Estate Conference Janette Waller Vice President  Maricopa County Operations Manager Michael Oman Account Manager, REO Services Arizona-Nevada March 12 th , 2009
ESCROW HOT TOPICS    ,[object Object],[object Object],[object Object],[object Object],[object Object]
Facts and Figures Measure Twice and Cut Once
Nationwide Facts 2008 ,[object Object],[object Object]
Arizona Facts 2008 ,[object Object],[object Object],[object Object]
REO HOT SPOTS This Foreclosure Rate Heat Map shows the relative rate or percentage of Foreclosure activity in each Arizona County. REALTYTRAC.COM JAN 2009
January 2009 REALTYTRAC.COM JAN 2009
2009 YTD Arizona Activity ,[object Object],[object Object],[object Object],[object Object],[object Object],FORECLOSURE.COM  MAR 2009
ARIZONA TRENDS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pre-Foreclosure and Short Sales We Can Work it Out
PRE-FORECLOSURE  ,[object Object],[object Object],[object Object]
PRE-FORECLOSURE  ,[object Object],[object Object],[object Object]
PRE-FORECLOSURE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
SHORT SALES  ,[object Object],[object Object],[object Object]
SHORT SALES ,[object Object],[object Object],[object Object]
SHORT SALES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
SHORT SALES ,[object Object],[object Object],[object Object],[object Object],[object Object]
SHORT SALES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
SHORT SALES ,[object Object],[object Object],[object Object]
SHORT SALES ,[object Object],[object Object],[object Object]
SHORT SALES  Questions ,[object Object],[object Object],[object Object],Submitted by AAR Members
SHORT SALES  Questions ,[object Object],[object Object],[object Object],[object Object],[object Object],Submitted by AAR Members
SHORT SALES  Questions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Submitted by AAR Members
SHORT SALES  Questions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Submitted by AAR Members
Foreclosure and REO Properties A Really Excellent Opportunity
REO DISCUSSION   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
REO PROPERTIES ,[object Object],[object Object],[object Object],[object Object]
REO PROPERTIES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
REO PROPERTIES ,[object Object],[object Object],[object Object],[object Object],[object Object]
REO ESCROW TIPS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Preferred Title Company ,[object Object],[object Object],[object Object],[object Object],[object Object]
Owners’ Title Policy ,[object Object],[object Object],[object Object],[object Object]
REO PROPERTIES ,[object Object],[object Object],[object Object],[object Object]
REO PROPERTIES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
REO PROPERTIES ,[object Object],[object Object],[object Object]
Questions? “… There are Only Dumb Answers.”
?
Thank You Realtors ® !
GLOSSARY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Janette Waller  ,[object Object],[object Object],[object Object]
Michael Oman ,[object Object],[object Object],[object Object],[object Object]
Document Appendix We have included clips from various REO addenda.  Each REO seller is unique. Please review all contract documents with your client to best understand your rights and responsibilities with any REO transaction.   Thank You.
No Warranties - As Is
No Warranties - As Is
Inspections and Repairs
Inspections and Repairs
Financing Time Frames
Financing Time Frames
Financing Time Frames
Closing Date Changes
Closing Date Changes
Delayed Closing Penalty
Delayed Closing Penalty
Seller Concessions
Seller Concessions
Seller Approval for COE
Sellers May Extend COE
Preferred Title Company
Cancellations ,[object Object],[object Object]
Cancellations ,[object Object],[object Object]
Thank You Realtors ® !

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