Gold Canyon and East Phoenix Valley Real Estate Blog
Gold Canyon and East Phoenix Valley Homes and Area Information
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The govt has announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties. This move was in an effort to stabilize home values and improve conditions in communities where foreclosure activity is high.
The waiver will take effect on February 1, 2010 and is effective [...]
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Home fixtures and appliances are part of a home and its value. In today’s world with many foreclosures, often times owners who are on the verge of losing their homes will salvage whatever they can rip out of a home, in either an attempt to sell the items for needed money, or in simply an [...]
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A few of the home buyers we have helped this year had to buy a home fast. They had been renting homes with plans to buy in the future. But while in their current rental lease they became victims of a landlord who was failing to pay the mortgage, even though the renters were paying [...]
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The next foreclosure crisis will be homes where owners have payment option adjustable rate mortgages that are beginning to reset according to Reuters.
Option-ARMs are now considered among the riskiest that were offered to home owners during the recent housing boom. The result of these has left many borrowers owing more than their homes are worth, [...]
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This just in the e-mail box this afternoon –
“Governor Jan Brewer signed HB 2008, which repeals SB 1271 and its change to the anti-deficiency statute. Arizona Association of Realtors (AAR) would like to thank our members for their quick response and action on this matter. AAR’s success is due, in part, to members like you [...]
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In one of our earlier posts we reported how investors are gobbling up foreclosures in the Phoenix real estate market. While this trend continues, there is more speculation that not all pre-foreclosures being held by the banks are making their way back into the market in a timely way. In a June 23rd Arizona Republic [...]
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Buyers in this current Phoenix home market may need to bid above list price to get the home of their choice. Foreclosures in Phoenix continue to come onto the market, and owners are still attempting to sell their homes as a short sale, before the banks swoops in to foreclose. And prices are still low. [...]
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People ask “how does the number of foreclosures compare with past years”?
This will show how the current numbers stack up.
Trustee sale notices –
2003 – 16,081
2004 – 14,316
2005 – 9,815
2006 – 11,355
2007 – 30,166
2008 – 79,191
2009 – 41,537 so far (up through March 2009)
While there are some good opportunities for buyers, there are also many challenges [...]
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With more and more foreclosures happening and the troubled economy, sadly many more people are leaving pets behind when they leave their homes. Volunteers with Phoenix Arizona non-profit, Lost Our Home Pet Foundation report there has been more than a 15% increase in pet rescues in the past few months due to foreclosures and the [...]
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If you are interested in what is happening with real estate in Gold Canyon Arizona, click over to our post on GoldCanyon.net’s blog to see the stats about what has sold, prices, how many homes that sold were distressed.
Thinking about moving to Gold Canyon, or buying a second home there, call us at 480-20-13001. We [...]
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