PHOENIX, April 15, 2011 (GLOBE NEWSWIRE) -- Realty Transformers, an independently owned realty firm based in Phoenix, Arizona helps single parents residing in Arizona to become homeowners despite previous credit problems or the amount of money the prospective homebuyer has for a down payment.
Like most of the US states affected by the economic recession, Arizona's real estate market has been towards the buyer's advantage, thus many investors as Realty Transformers are in pursuit to acquire any foreclosure, short-sell, or bank-owned (REO) properties that are available for a fraction of the original sale price from four to eight years ago.
Marvin Valento, CEO for Realty Transformers, comments, "The real estate market currently is negative for sellers, yet can be turned into a positive outcome for buyers and sellers if we focus on helping people get out of their mortgages without uttering the word 'foreclosure'. Short-sell homes are the answer to getting the real estate market in Arizona back on track. If we continue to resort to foreclosure as a method to exit a mortgage we will deplete a vast majority of the potential borrowers for another seven to ten years, which of course will continue to hinder the real estate market. Right now we have too many homes that we rehabilitating and putting on the market for 20-40% less than purchasing a normal MLS listing."
Realty Transformers currently is associated with various private and commercial lenders who offer mortgage loan programs for first time buyers, military, single parents, retirees, and individuals with below average credit ratings. Currently the more popular homebuyer programs as FHA and VA, in addition to carry-back loans available from private lenders have made it easy to purchase a home previously worth $150,000-$250,000 for $75,000-125,000 with as little as 1% as a down payment.
Valento says, "If you have a credit rating of 580 or better, no bankruptcies in the last two years, can show proof of income, and are currently paying rent, call me. There is a very strong possibility you'd qualify to become a home owner within a couple of months, nonetheless will end up paying a few hundred dollars per month less than what you're probably paying now for something that you don't even own."
Realty Transformers works hands on with its clients with exceptional credit ratings with the 3 major credit bureaus, Experian, Transunion, and Equifax, as well as accommodating homebuyers with options to select interior and exterior cosmetics at the time of purchasing a home, as an added service that is rolled into the overall home loan at a small cost.
For more details about Realty Transformers please visit .
10625 North 25th Avenue
Phoenix, AZ 85029
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