President George Bush put pen to paper today and signed the Housing and Economic Recovery Act of 2008. There is a lot to this bill, some good and some bad. Here are the highlights: the good, the bad and the hideously ugly... Conforming Loan Limits Conforming loan limits were permanently set at $
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07/30/2008
For the past several months we have watched the Tucson real estate market slowly recover with the percentages of homes coming on the market decreasing (as compared to a year ago) while the percentage of pending contracts has been steadily increasing. This month, the market experienced a bit of a
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07/28/2008
After two short sales fell apart, I had a client recently tell me that she was not going to try any more short sales, but was going to look at homes that were already foreclosed. She was experiencing the pain mentioned in What's So SHORT about a Short Sale. Arizona is 3rd in the nation right no
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07/24/2008
Why the SHORT in short sale? Is it the short turn-around time by the bank? Yeah-right! Is it the short tempers that are produced by the end of the transaction? Getting warmer.... A short sale is named for the fact that the bank in the transaction is agreeing to take an amount that is "short"
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07/09/2008