news: 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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news: 7 Valuable Tips For First-Time Home Buyers - 09/21/09 02:58 PM
The housing market has taken a drastic turn since the foreclosure crisis in 2008. Here are seven pieces of wisdom from economists and financial planners for anyone considering a home purchase today:
The smartest way to purchase a home is to put 20 percent down on a fixed-rate, 30-year (or less) mortgage.
Do … (0 comments)
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news: 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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news: 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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news: 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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news: 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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news: 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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news: Perfect Time To Steal A Deal On Vacation Property - 05/05/09 02:31 PM
Although the market is at a record lows, right now is a fantastic time to purchase a second home in a vacation paradise at a great price, if you can afford it.
Since there are a significantly small amount of people that have the ability to spend money on this kind of … (0 comments)
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news: Ocotillo MOMS club hosts open house April 22 - 04/21/09 03:27 PM
Stay-at-home moms looking for creative ways to get their children out of the house and score some social interaction time for themselves, are invited to check out the Moms Club of Chandler Ocotillo South during an open house from 9:30 a.m. to 11:30 a.m. Wed., April 22 at Chuparosa Park in … (1 comments)
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news: Fed Plans Spark Drop In 30 Year Rates - 04/03/09 06:40 PM
Freddie Mac has reported that the average interest on a 30-year mortgage fell from 4.98 percent to 4.85 percent in less than a week. This drop in interest rates resulted in a 38-year low. This decrease has made housing incredibly affordable. The average price of a home is $172,000, making the mortgage payment … (0 comments)
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news: Consumer Confidence Predictions - 12/31/08 03:53 PM
CNNMoney is reporting that consumer confidence is at an all-time low. Reports come from the Consumer Confidence Index.
"The further erosion of the Consumer Confidence Index reflects the rapid and steep deterioration of economic conditions that occurred in the fourth quarter of 2008," said Lynn Franco, director of the Conference Board Consumer … (0 comments)
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news: Rates Vary Based on Economic Status, But Show Progress in Housing Market - 09/07/08 02:46 PM
Freddie Mac released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 6.35 percent with an average 0.7 point for the week ending on September 04, 2008, down from last week when it averaged 6.40 percent. Last year at this time, the 30-year fixed-rate mortgage averaged 6.46 percent.
… (0 comments)
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news: Identity Theft Prevention Tips - 07/18/08 08:20 PM
The following is guide to help prevent Identity Theft. It provides some critical information to limit the damage in case this happens to you or someone you know:
1. Do not sign the back of your credit cards. Instead, put 'PHOTO ID REQUIRED.' 2. When you are writing checks to pay on … (0 comments)
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news: Governor announces local toll-free help line - 06/20/08 08:35 PM
STATE OF ARIZONA
EXECUTIVE OFFICE
JANET NAPOLITANO
GOVERNOR
WWW.AZGOVERNOR.GOV
NEWS RELEASE
FOR MORE INFORMATION
CONTACT:
PRESS OFFICE
(602) 542-1342
FOR IMMEDIATE RELEASE
Thursday, May 29, 2008
"MORTGAGE TROUBLE? DON'T DELAY. CALL TODAY."
Governor announces local toll-free help line
PHOENIX - Governor Janet Napolitano announced today the latest effort … (0 comments)
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news: Property-flipping rule suspended - 06/20/08 08:31 PM
The White House temporarily suspends a rule that imposes a 90-day waiting period before foreclosed homes can be sold to receive government loans.WASHINGTON (AP) -- The Bush administration is temporarily suspending a 5-year-old rule intended to deter property flippers, as part of an effort to help speed the sale of foreclosed … (0 comments)
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news: Where McCain, Obama Stand on Housing - 06/06/08 08:10 PM
As the race for the presidency shapes up as a contest between Sen. John McCain, the presumptive Republican nominee, and Sen. Barack Obama, who will claim the Democratic nomination, here are their initial positions on housing and related economic issues.McCain:1. Proposes to spend up to $10 billion to allow some home … (0 comments)
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news: Bush: More Help on Way for Home Owners - 04/04/08 05:50 PM
The Bush administration released over the weekend a sweeping proposal to revise regulation of financial markets.The proposal, which will be outlined in detail April 1, will merge or eliminate some long-standing institutions like the Securities and Exchange Commission, and streamline others. The Federal Reserve would get a new role as the … (0 comments)
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