arizona foreclosures

According to a new report this past week by Realty Trac Inc more than one million American households are likely to lose their homes to foreclosure this year. This puts the foreclosure rate at 10 times the typical average rate.  Already almost 528,000 homes have been taken over by lenders in the first six months [...]

{ 0 comments }

New reports by a research group, Core Logic and the New York Times are showing that more than 1 in 7 homeowners with loans in excess of a million dollars is seriously delinquent. Owners of homes of less expensive properties are showing that about one in 12 mortgages below the million-dollar mark is delinquent. According [...]

{ 0 comments }

Almost every neighborhood has them it seems. And if a neighborhood does not have them – everyone knows of someone, or knows someone who knows someone who is losing their homes. What seems a mystery to many is why there are families who remain in their homes for weeks or months and months after they [...]

{ 0 comments }

Are those home loan modification programs that you read about in the press working? More and more homeowners are deciding to walk away and exit their property as compared to a year ago when most homeowners were trying to keep their home through a loan modification if possible. The reality is that loan mods are [...]

{ 0 comments }

We just received a copy of the new Arizona Foreclosure Information Workbook that has been prepared by the Arizona Foreclosure Prevention Task-force. It is an informative 50 page PDF file. If you, or someone you know is in a situation where they are facing the potential loss of their home, this booklet may provide some [...]

{ 0 comments }

FHA Waives 90 Day Flip Rule

by benjaminteam on January 16, 2010

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 [...]

{ 0 comments }

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 [...]

{ 0 comments }