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 Mark explained to me how the law was flawed and needed to be repealed.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→
Jeff Cameron Metro Phoenix Real Estate Market Update For August
I hope you enjoy my Weekly Market update for the Phoenix real estate market. Good news to report about values and home sales. Foreclosure listings continue to decline and banks are approving short sales at 3 times the rate of earlier this year. The real estate market in Scottsdale continues to improve at the…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→
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→
Vandelized by Thieves in DC Ranch, check out this Bank Owned REO
This home is the perfect example of why a home owner that is in foreclosure should stay in their home until it is foreclosed on. This REO, bank owned home, was vacated by the owners in March. The bank foreclosed in June. I met with the sellers and believe beyond a reasonable doubt they did…Read More→
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