Posted on 28 November 2008. Tags: AZ, declaration of hardship, foreclosure, hardship letter, loan modification, phoenix, real estate, reo, Scottsdale, short sale
Phoenix AZ real estate and Scottsdale real estate has been declining in value. As a result, lenders have been less willing to loan money to refinance homes. Thus, foreclosures numbers are rising and banks are taking possession of real estate called lender owned real estate (REO). In order to combat growing inventory of bank owned [...]
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Posted on 25 November 2008. Tags: az real estate, banks, foreclosure, foreclosures, phoenix az, scottsdale az real estate
I guess someone is listening. Or, at least, someone is reading my Phoenix AZ real estate and Scottsdale AZ real estate blog. Ok, Ok, maybe I am being a little overzealous with my readers. However, to make myself feel better, I will take credit for the following. Yesterday, I wrote a story disputing a real [...]
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Posted on 21 November 2008. Tags: adjustable rate mortgage, AZ, bank owned, fannie mae and freddie mac, fixed rate mortgage, forbearance, foreclosure, loan modification, loan modification company, loss mitigation, phoenix, reo, Scottsdale, short sale
With Phoenix AZ real estate prices dropping, unemployment fears rising many Phoenix AZ homeowners are facing a tough decision. Borrowers are asking themselves, if they should continue to deplete long-term savings and pay their mortgage. A very scary question to ponder. A new option as emerged at the forefront of those facing foreclosure. It is [...]
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Posted on 14 November 2008. Tags: arizona, bank owned real estate, chandler, feddie mac, foreclosure, homesteps, lender owned real estate, phoenix, real estate, reo, Scottsdale, short sale
omIf you are a first-time homeowners and interested in buying Phoenix AZ real estate, I have to suggest looking at Freddie Mac owned real estate marketed by HomeSteps. Short sales are flooding the market confusing buyers on the difference between lender owned real estate and ‘pending lender approved real estate. HomeSteps make the process easy, [...]
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Posted on 12 November 2008. Tags: AZ, foreclosure, Hope for Homeowners Act, loan modification, loss mitigation, phoenix, real estate, Scottsdale, short sale
There is a lot of news about loan modifications. In fact, due to the decline in home prices of Phoenix AZ real estate, we are a national leader in loan modifications. On Monday, Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers. [...]
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Posted on 09 November 2008. Tags: arizona, attorney loan mods, AZ, foreclosure, loan modification specialist, loan mods, loss mitigation, phoenix, real estate, Scottsdale, short sale
Phoenix AZ real estate is down. That is no secret. As a result, increasing numbers of homeowners are finding that their home is now ‘under water’; meaning the loan amount of the borrower is larger then the value of the home. Add to the problem, the now infamous ‘sub-prime’ mortgage meltdown and pervasive adjustable rate [...]
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Posted on 08 November 2008. Tags: chandler, foreclosure, fountain hills, gilbert, mesa, paradise valley, peoria, phoenix, renter, Scottsdale, scottsdale rentals, short sale, tempe
In Maricopa County, Arizona which includes Phoenix, Scottsdale, Paradise Valley, Fountain Hills, Mesa, Peoria and Chandler home prices exploded from 2001-2005; Skyrocketing more than 100% in most places. We all know what happened next; Phoenix AZ real estate prices have declined sharply.In fact, in some areas outside of Phoenix AZ like Gilbert, Chandler and Tempe [...]
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Posted on 06 November 2008. Tags: AZ, deed in lieu of foreclosure, foreclosure, loan modification, loss mitigation, phoenix, Scottsdale, short sale
Phoenix AZ real estate is struggling to find a bottom. As a result, our local economy is in a recession causing a litany of problems including declining Phoenix AZ real estate values, unemployment and rising foreclosures. Unfortunately, foreclosures are a sign of the times and something that we need to address and face head on. [...]
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