But of course they are rising. Even though record number of Short Sales are being approved, others are not. There are so many people trying to commit fraud with Short Sales it is forcing the banks to react. Plus now that values have stabilized, banks are countering the price on every Short Sale. Some buyers…Read More→
70% of Fannie REO Foreclosure Homes are Sold to Owner Occupants
Some more good news on the REO front. That is that Fannie Mae is selling 70% of their assets, homes, to owner occupants. The 30% that goes to investors, usually won’t qualify for financing. Most of those are then re-sold to owner occupants. Word is that Fannie Mae has opened up to accept more REO…Read More→
REAL ESTATE MARKET REPORT FOR METRO PHOENIX – BY KARL STAUFFER OF CAPITAL ASSET MANAGEMENT
I decided to start posting more local reports on the real estate market here in Metro Phoenix and Scottsdale. I thought it would make sense to share others opinions based on fact. It is also a lot easier to provide you with more information in the manner. I will be reporting numbers for August late…Read More→
Four Proposals for Reforming Fannie and Freddie
Fannie and Freddie are in the news daily. What to do? The biggest issue I see is that banks are not responding in a manner one would expect, due to the coverage issued by Fannie and Freddie. I hear people all the time with a ton of anger against the bank and their frustration on…Read More→
$3.5 Million Custom Foreclosure Home in Paradise Valley for Under A Million
Wait, it’s not that easy! The home needs to be finished. But this foreclosure in Paradise Vally, AZ, is an awesome opportunity for a builder. This home is nearly 9,000 sf and sits on an acre of land, with views of both Camelback mountain ms Mummy mountain. For a private tour call me now! View…Read More→
Scottsdale Foreclosure Home – McDowell Mountain Ranch Sienna Canyon Realtor Jeff Cameron
Scottsdale Foreclosure Home – Here in McDowell Mountain Ranch Sienna Canyon brought to you by Realtor Jeff Cameron. This is your advanced notice of this coming soon Foreclosure. Be the first to see it and call today. Thank you, Jeff Cameron The Cameron Team Keller Williams Integrity First Realty (480)502-7699 office Your Scottsdale McDowell Mountain…Read More→
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