We may not be here yet, BUT, we are much closer than you may think. In an effort to stabilize the steep and continued and what seems to be an accelerating decline in real estate prices, the US Treasury announced (yesterday) that is in talks with the now Government run entities Fannie Mae and Freddie [...]
Tag Archive | "freddie mac"
Will 4.5% Interest Rates be enough for the Phoenix AZ real estate market??
Posted on 04 December 2008.
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Real Estate Buyer Nightmare in Phoenix AZ
Posted on 30 September 2008.
We all know that it has been a difficult time for Phoenix Real estate. Homeowners from Mesa to Scottsdale to Peoria are having a difficult time selling homes. As a result, values of homes in Phoenix area have dropped as much as 30%. To make matters more difficult for Phoenix area homeowners the fallout of [...]
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Get ready for Real Estate Deals in Phoenix
Posted on 20 September 2008.
In Phoenix, Scottsdale and the other cities we are flooded with short sale, bank owned real estate (REO), lender owned homes, foreclosure sales and foreclosed homes. The glut of homes in Phoenix area market have caused Phoenix home prices to drop as much as 30% for Maricopa County (greater Phoenix). In Scottsdale, North Scottsdale, Carefree, [...]
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Dear Mr. Bernanke, Phoenix Real Estate needs an interest rate cut
Posted on 17 September 2008.
Dear Mr Bernanke and the members of the Federal Open Market Committee (FOMC), Phoenix area (Maricopa County) real estate is suffering. The decline in Phoenix area housing has had a crippling effect on the Phoenix economy. Unemployment within the Phoenix real estate industry including Realtors, loan officers, mortgage brokers, appraisers, inspectors, new home builders, title [...]
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Bear Stears, Fannie Mae, Lehman Brothers – Is the US Government Next ?
Posted on 15 September 2008.
Phoenix, Arizona real estate has fallen from its lofty heights of 2005. Prices have fallen nearly 30% for most areas of greater Phoenix, except Scottsdale, Paradise Valley and Fountain Hills which have fallen about 10-15%. Earlier this year, the first major investment bank, Bear Stearns was approaching bankruptcy and the Federal government stepped in and [...]
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Rent to Own Nightmare
Posted on 24 August 2008.
I have been writing short sale nightmare stories in Phoenix, Scottsdale, Peoria, Fountain Hills and Tempe for some time. I have shared stories about banks ignore offers that request Down Payment Assistance. There are banks that will only accept cash offers. I have spoken about lenders wanting additional monies for buyers using FHA loans. I [...]
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This is NOT a BAILOUT for Fannie Mae
Posted on 23 August 2008.
Phoenix home prices are down nearly 30%. Scottsdale home prices are dropping. Phoenix area Condo project sales have stalled and are revering to rentals. Foreclosures rising by staggering amounts in Maricopa County. Many Arizona Builders are drowning and Bankruptcy is the only life preserver. Liar-loans and sub-prime mortgages are may total more than $100 [...]
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what happens to your money when a bank fails?
Posted on 06 August 2008.
The (FDIC) shut down Arizona’s largest Arizona’s based bank. Based out of Scottsdale, First National Bank of Arizona , (the self-described” home of the Alt-A mortgage“), a specialist in lower quality mortgages was taken over by Mutual of Omaha. A link from the First AZ web site immediately forwards to the Mutual of Omaha site [...]
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