Take a look at my real estate market update for September 10, 2009, covering the metro Phoenix and Scottsdale real estate market. I discuss the trends, sales, issues and more. I look at Short Sales, Retail and REO/Foreclosure/Bank owned statistics.
REPEAL OF SB 1271, RECOURSE FOR INVESTORS
Thank God that Governor Brewer signed the legislation repealing SB 1271 here in Arizona. I had reviewed the implications of the law with Mark Winsor, attorney athere in Arizona that specialized in bankruptcy. Mark explained to me how the law was flawed and needed to be repealed. I can’t claim to properly explain it to…Read More→
SHORT SALE SUCCESS STORY HERE IN PHOENIX
CC called me earlier this year about just walking away from her home. She had lost her job and was behind on the mortgage. It was very depressing and her state of mind was affecting her job search. STOP THE FORECLOSURE I explained that there were several options, but no matter what we wanted to…Read More→
REAL ESTATE PRICES BREAK OUT WITH NEW HIGH IN METRO PHOENIX
I can’t imagine anyone is breaking out the champagne to celebrate in today’s world. However, the reality is we are at a new high with home values for 2009 right now. The real estate market in metro Phoenix has been hit hard due to the mortgage melt down and ensuing REO/Bank Owned/Foreclosure and Short Sale homes…Read More→
WHAT IS A SHORT SALE?
I have many people call me about doing a short sale or asking, “what is a short sale?” When one falls behind on their mortgage, the bank will typically begin the foreclosure process. There are several ways a borrower can stop the foreclosure, such as: bringing the arrearage current, loan modification, bankruptcy, refinance, short refinance…Read More→
Up Coming Bank Owned Property in Grayhawk
Check it out. I just took this video of a new REO, bank owned foreclosure home in Grayhawk. Grayhawk is a golf community located in north Scottsdale. This little piece of real estate is not currently available to the general public. You can be the first to view, tour and write an offer. Our experience…Read More→
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