Gold Canyon and East Phoenix Valley Real Estate Blog
Gold Canyon and East Phoenix Valley Homes and Area Information
So you have bought a foreclosure and now there is all the ruckus in the news about robo-signers and a new a moratorium on foreclosures and some banks stopping them and on and on. You bought a foreclosure before all this occurred. Should you be worried? Well it may depend on how you went about [...]
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Neighborhood Assistance Corporation of America’s “Save the Dream” event this weekend in Sacramento Calif brought 10,000 home owners from Calif,Oregon, Washington, Nevada and yes, also Arizona who went there in an effort to save their homes. To read more about this event visit this link to the story in the Sacramento Calif news. To learn [...]
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In today’s press it is being reported that Bank of America is shutting down foreclosures in all 50 states. One has to wonder how much crazier the real estate market will get before it ever rights itself and things ever return to a more normal way of doing business. We have been Realtors for many [...]
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Robo-signers — a new word in the housing market. Yes, a new wrinkle is unraveling in the housing industry – robo-signers. If you have been following the news you have been reading where certain banks apparently had robo- signers signing foreclosure documents. This means that a human really never read the foreclosure documents well …(or [...]
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New reports are showing that as many as 51% of the homeowners in Arizona are underwater. That is a huge number. But according to yet other reports the number is even higher — as high as 66-67%. If you are someone who is underwater and who needs help, the worst thing you can do is [...]
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In the August 15, 2010 Arizona Republic it was reported yet more not such good news for the housing market here in the Phoenix Arizona area. To read the article click this link.
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The Arizona Republic reports that more and more Phoenix-area homeowners are falling behind on their mortgages or “walking away” from them. The number of pre-foreclosures in the region jumped 33 percent in July. In the Phoenix Arizona area, July saw 7,804 notice-of-trustee sales, or pre-foreclosure filings, according to Information Market, a real-estate research firm. That [...]
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