foreclosures: Foreclosure-Prevention Scammers: How To Not Become A Victim - 09/21/09 03:56 PM
The most common foreclosure-prevention scams works like this: The despaired home owner gets a letter that says something like, "We know you're having a hard time. We have a pipeline to your lender and can help you save your home. Call this toll-free number now."The poor home owners call the number … (2 comments)
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foreclosures: Update Regarding Arizona's Anti-Deficiency Statute - 08/20/09 07:38 PM
The governer's office has approved the special session of the legislature to review repealing the anti-defiency status. The good news is the Senate has transmitted HB 2008 to the governor's office. Depending on the circumstances, Governor Brewer could have up to 10 days to sign, veto, or allow the bill to … (0 comments)
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foreclosures: Serious Changes to Arizona's Anti-Deficiency Statute - 07/23/09 12:55 AM
SB 1271 - Anti-Deficiency Law Change
The current law - Arizona Revised Statutes (A.R.S.) § 33-814 currently states that within 90 days after the date of sale of a trust property under a trust deed, a legal action may be brought to recover a deficiency judgment against the borrower … (0 comments)
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foreclosures: Stonebridge Lakes Manor Home In Gilbert For Sale - 07/20/09 02:11 PM
This Adorable Home Is Highly Upgraded. Home Features Travertine Floors, Wood Floors In Den, Decor Paint. Kitchen Features Updated Appliances and Tile Counters. This Home Is A Great Starter Home And A Must See! Don't Let This Home Pass You By!
Call Gina McKinley, ABR, CRS, CDPE, Associate Broker at 480-355-8645 … (0 comments)
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foreclosures: New Refinance Guidelines - 07/07/09 02:56 PM
The federal government's new eligibility requirements for its home-loan refinancing program should allow more Arizonans to reduce their monthly mortgage payments.
However, the program still doesn't solve the biggest problem for so many borrowers: owing much more than their homes are worth.
This week, the U.S. Department of Housing and Urban … (0 comments)
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foreclosures: Foreclosures Ahead - 07/07/09 01:53 PM
Economic observers are forecasting another surge of foreclosures later this summer or in the fall. Those lenders that held off on foreclosures as part of President Obama's plan will now proceed vigorously to clear the backlog of troubled mortgages, causing the large amount of foreclosures.
Home values will depreciate with the … (0 comments)
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foreclosures: When Should Homeowners Walk Away? - 06/24/09 01:13 PM
In a complicated market like todays, it is hard to know whether you should keep your home or walk away from it. Many homeowners have watched their property values drop over 25 percent, sometimes more. Some say the market hasn't even hit the bottom yet.
Some homeowners are beginning to wonder … (1 comments)
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foreclosures: Foreclosure Crisis Now Spreading To Prime Mortgages - 06/09/09 06:15 PM
The prime borrowers are rapidly going into foreclosure, especially in those states of mass unemployment or decreasing property values, all which saw a huge run-up during the housing boom.
It's a marked shift from earlier this year, when foreclosures were driven by defaults on subprime loans. It has major implications - … (1 comments)
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foreclosures: Housing Rebound Is On The Rise - 06/09/09 05:58 PM
Sales are the uproar for the economic housing situation this week.
Residential sales and pending sales are adequately increasing and a rebounding real estate market could soon start stimulating the economy.
Even Federal Reserve Chairman Ben Bernanke told Congress last week that essentially the worst is over, the housing market is stabilizing, and we're heading … (0 comments)
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foreclosures: Median Home Prices Up In May - 06/08/09 03:08 PM
Phoenix-area median priced homes sold increased slightly in May from the previous month despite an increase also in home foreclosures, according to the latest data from the Information Market and Cromford Report, local analysis firms.
In May, the number of homes sold increased to over 8,600. In April, the homes sold … (0 comments)
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foreclosures: Obama Signs Anti-Foreclosure Bill - 05/20/09 07:37 PM
President Obama signed a new legislation that entices the banks to help save homeowners facing foreclosure on Wednesday. President Obama states that it protects the homeowners and cracks down on lenders who try to take advantage of their situation.
The law expands on an existing program that entices the lenders to adjust the mortgage rate if the homeowner pays an insurance … (0 comments)
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foreclosures: Survey Says "Now Is A Good Time To Buy" - 03/30/09 05:15 PM
Despite the current concern of the economy, 78% of potential first-time home buyers say that now is a great time to buy a home.In early March, Century 21 hosted a survey for potential first-time home buyers. Of the 1,000 prospective U.S. first-time home buyers surveyed, 68% think now is a better time to buy rather than … (1 comments)
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foreclosures: Short Sales & Obama's Foreclosure Prevention Plan - 02/21/09 05:06 PM
My first thought was Hooray!!! Obama is coming to Mesa, AZ to make a great announcement and roll out a new foreclosure prevention plan and help stem the tide of foreclosures in Arizona and across the country. Short Sales will go away because people will finally be able to refinance their home … (3 comments)
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foreclosures: Clarifying Arizona's Anti-Deficiency Statues - 02/01/09 02:08 PM
Arizona's Anti-Deficiency Statues , A.R.S. 33-729(A) and A.R.S. 33-722have been adopted by the legislature are intended so that a homeowner who is unable to make payments on a "purchase money mortgage" should lose no more than their home.
The Supreme Court of Arizona, in interpreting this intent, has held that a … (0 comments)
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foreclosures: Success with Short Sales - 12/23/08 01:32 PM
Deciding between a short sale or a foreclosure may sound like choosing of the lesser of two evils, but a short sale is a thousand times better for a distressed homeowner.
Foreclosures and short sales take up nearly 40 percent of recent home sales. Nearly 12 million homeowners are upside down with their mortgages and … (0 comments)
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foreclosures: Year to Date Market Analysis - Maricopa County & Chandler - 12/06/08 04:50 PM
I had the privilege to be invited to a presentation given by Dr. Jay Butler of ASU's Realty Studies on Wednesday December 3rd. Dr. Butler gave some very interesting statistics about where the market has been this past year. Foreclosures have been the hot button and amazingly foreclosure properties account for … (0 comments)
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foreclosures: New plan seeks to streamline loan mods - 11/21/08 09:31 AM
Fannie, Freddie to lead the way
A new plan to streamline loan modifications for homeowners who have fallen behind on their mortgage payments could help "hundreds of thousands" of borrowers avoid foreclosure.
But the plan is far less ambitious than a competing proposal for the government to guarantee payments on as … (0 comments)
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foreclosures: CDPE What's That? - 11/20/08 11:49 PM
Well, I am proud to announce that I have a few more letter's after my name.....and the are CDPE. And I'm one of the first real estate agent's in Arizona to do it. Woo, Hoo! Ok, so I now tooted my own horn, so what, right...
CDPE, What's that? It's a Certified … (2 comments)
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foreclosures: Testimonials: What Our Short Sale Clients Are Saying - 11/12/08 06:26 PM
This is a follow up to our rebuttal of Catherine Reagor's Short Sale article in the Arizona Republic. We are closing 100% of our short sales and why? Because I am a Certified Distressed Property Expert, one of the first agents in Arizona to receive this special designation. And what does … (0 comments)
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foreclosures: Thinking of Selling Your Home in a Short Sale to Avoid Foreclosure?? - 11/06/08 01:22 PM
Real Estate Corner...
•Q. We are thinking of selling our home as a way to avoid foreclosure by selling as a Short Sale. What are the phases of a Short Sale process?
•A. If you're selling your home, you need to be aware that there are four critical phases of … (0 comments)
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