|
||||||
|
What do you do if the homeowner just doesn’t want to sell their negative equity home? I imagine this is rare, but it has come up more than once when a homeowner is faced with the point today where they can no longer afford their home or it no longer makes sense to keep paying on [...]  The Loan Mod Myth Courtesy of Barb Savoy-Pacella ABR, CNRS, CHMS ~ Director of Business & Career Development, Keller Williams Arizona Realty www.PacellaGroup.com There are many variables that can effect what seems to be our continuing ascension from what appeared to be the bottom, such as, “strategic default” by Alt-A borrowers; the expiration of the home buyer tax credits; and any [...] note: I received this in an email, and thought it was worth sharing: For the last few months we have been writing articles to keep Realtors informed on issues relating to short sales. We have had comments from some Realtors that they are afraid to handle short sales because of the risks involved. But lets look [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director Business & Career Development ~ Keller Williams Arizona Realty The Phoenix market certainly has it’s ups and downs, but one thing has been VERY consistent over the past year. Properties listed over $400,000 only account for 7% of what has been selling for the past year. In the [...] from Rebecca Roberts, Mortgage Banker with The Lending Company, Inc. Advising Short Sale and Deed-in-Lieu Clients 2010 If you are working with a client who has had a short sale or a deed-in-lieu in their past…or you are listing a home and your sellers may have the same issues…Fannie announced new waiting periods, as of July 1, [...] It appears as though we have another week of “the good, the bad, and the ?” The good The absorption rate Valley wide in all price ranges is 28.4%. The bad The absorption rate drops into the teens [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS I hate to sound like a broken record (if you are under the age of 35, records were vynil discs that were used to store music prior to CDs, i-pods or MP3 players, and they sometimes became broken or scratched and [...] It was only a matter of time. As of this writing, in the million dollars and over market there are now 57 foreclosed, lender owned luxury homes – some bonafide mansions – for sale now in metropolitan Phoenix (including Scottsdale and Paradise Valley). Luxury estates recently valued near 10 million dollars, being sold in the mid 3′s!!! Yes, [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director of Business & Career Development ~ Keller Williams Arizona Realty ~ www.PacellaGroup.com The Market Optimism May be Contagious! As reported by Peter Corbett in the Arizona Republic on April 15th, according to a University of Arizona forecast, the Valley’s new-home market is on its way to recovery. The UofA Economic [...] |
||||||
|
Copyright © 2012 Buying Arizona Real Estate - All Rights Reserved. Blog owner Tony Pomykala is a licensed Arizona Real Estate agent with Sunrise Investments. equal housing opportunity |
||||||
Loading ...
Recent Comments