Terry Bishop's (terry369) Blog

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Real Estate Broker/Owner - Terry Bishop Realty LLC
RECENT BLOG POSTS
If you are considering purchasing a home in Arizona, your agent should provide you with the Buyer Advisory, a document which is nine pages and provides information about items a person should know prior to purchasing a home. The document, written by the Arizona Association of Realtors, is design...
01/18/2011
PPThe The big white tents are beginning to dot the city;  from Palo Verde on the south side of town, up through the Frontage Road along I-10, to the center of town across from the Tucson Convention Center.  Preparations are underway for the Gem Mineral and Fossil Showcase.    The show, which tak...
01/17/2011
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Saturday, a beautiful, sunny day in Tucson, turned  murky and dark with the events on the southeast corner of Ina and Oracle.  The shooting of the 19 people at the Safeway Shopping Center casts a pall over Tucson. Residents, this Monday morning, continue to look at each other and  murmur about t...
01/10/2011
   The government isn't in the habit of giving away money to the average citizen who doesn't have exotic tax loopholes, but anyone thinking about purchasing a house should contact a Realtor and begin looking as soon as possible.  It could be worth up to $8,000 to you.  The tax credits expire Apri...
02/15/2010
The Tucson Real Estate Market is rousing from a deep sleep and January statistics show that Tucson  properties are beginning to catch the up wave.      The median sales price for a home in Tucson has risen $6,000 from $154,000 in December to $160,000 in January.  This represents a 3.90% increase ...
02/15/2010
Potential sellers who do not have a financial hardship sometimes change their mind when they realize the types of paperwork the bank needs in order to have a successful short sale. Much of this documentation is required to justify to the lender(s)  why selling "short" is the only alternative.  Pe...
02/12/2010
Short sale and foreclosure scammers come out of the woodwork when opportunity presents itself, and in today's market, when as many as one in four homeowners are underwater in some areas, "foreclosure expert" scammers see the tree ripe for picking.    Understandably homeowners will buy in when a p...
02/11/2010
    Additional options exist for homeowners who are facing financial difficulties and are, or believe, they will be unable to meet mortgage payment(s).  Gone are the days when the person who defaults on a mortgage is considered a "deadbeat".  Most people today know a hard working person who has d...
02/10/2010
Short sales and foreclosures are not always the best option for the homeowner.  If the situation which curtails income is temporary, the homeowner can ask for "forebearance".       Forebearance involves negotiating a repayment plan for the amount of payments missed, ususally with penalities and i...
02/09/2010
Short sales?  Many people mistakenly believe they must be delinquent on the mortgage payment prior to doing a short sale.  However, a short sale can be initiated by the homeowner if a hardship exists.       If hours or salary is cut, a medical expense, an extraordinary expenditure, a death, an in...
02/07/2010
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Terry Bishop

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