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Arizona Foreclosure Numbers Down in October - 11.16.2012

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Mortgage and Lending with Source Capital Funding, Inc.

Arizona sunset. There's nothing like the desert sky.


Happy Friday everyone! Here we are at the middle of November with the holiday season upon us. Next week is Thanksgiving, which tends to be a time of reflection and acknowledging things to be grateful for.

There are personal things to show gratitude for and there may also be professional accomplishments to list. If we are looking at the big picture, although there is still a steep hill to climb, changes in the real estate market shows signs of improvement. This is something to definitely be grateful for, as it indicates a parallel improvement in our economy.

Regardless of changes, it is still mainly a buyer’s market. Although an increase in property sales is leading to a decrease in supply, the market is still at it’s optimum for those wishing to purchase. If you have been thinking about acquiring real estate, the sooner the better though, as the supply continues to diminish. Since along with the drop in supply, demands still remain, prices will continue to rise.

Besides actual sales, another component to the changing market is a decrease in the number of foreclosures. Below is an article in Tempe, Arizona’s East Valley Tribune highlighting the topic, focusing on foreclosures in Arizona.

Arizona’s October foreclosure numbers down.


 

Arizona cacti and berries. Just one of the many pretty sights in this popular desert state.


If you want to take advantage of the still present buyer’s market in Arizona or California and you are in need of financing, contact private lender, Source Capital. Because of their more lenient criteria and ability to consider a client’s personal story, they can provide loans when traditional banks can not.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans throughout Arizona and California. We lend in all major cities in Arizona including, Tempe, Flagstaff, Phoenix, Tucson, Mesa, Chandler and Glendale and in all major cities in California, including San Diego, Los Angeles, San Francisco, Anaheim, San Jose, Fresno, Oakland, Sacramento, Bakersfield and Riverside . If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor, contact them at 858.705.6144. You can also email Pat or Sacha using this convenient online form.

In addition to real estate market improvements, I hope you all have plenty of things to be grateful for. Take care and have a great weekend! -Sindi Somers

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