some good info here There's an interesting article in California Real Estate this month entitled "Foreclosure-speak" and written by Marcia Geffner. If you are new to the foreclosure and pre-foreclosure scene, Geffner uses broad strokes in order to ease you into this new and fairly challenging re
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07/03/2009
Sales volume in the distressed home market in the Prescott AZ area remained strong with 33 homes closing in the last 15 days of June. This compares to 77 homes sold by traditional resales during the same period, about 30% of overall sales. The average price per square foot for REO and short sal
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07/03/2009
Foreclosure activity booming this week Thirty nine foreclosed or short sale homes came on the market last week, way up from last week's 18. They made up about one in every 3 homes being listed in the Prescott Arizona Area MLS system. This is a marked increase and a one week high for distresse
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07/01/2009
great info here!"Life is what happens while you're making other plans." Richard Dreyfuss in Mr. Holland's Opus No one moves into a home planning on foreclosure. Even if 9 out of 10 people would have told you the big house in Las Vegas was too expensive for you or that you were making a bad decis
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07/01/2009
Move causes short sale on this upgraded home on an oversized lot in desirable Superstition Hills subdivision in Unit 20. Upgrades include new flooring, fixtures, lighting, and premium paint inside and out. Oversized garage has workshop and classic avocado color washer and dryer. Home has electric
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06/29/2009
Sales volume in the distressed home market in the Prescott AZ area is up to a record high this year with 36 homes closing in the first 15 days of June. This compares to 79 homes sold by traditional resales during the same period. The average price per square foot for REO and short sales was $91
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06/16/2009
Several newspapers thought that a decline in May foreclosures from April's record high was good news, but a decline off a record is not necessarily healthy. Here's an article from the WSJ that I thought was a little more appropriate. Here's a bleak milestone: there's been more the 1 million fo
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06/14/2009
Melissa has some great points below! :) PSMy office has helped hundreds of homeowners with the short sale of their property. Over and over, homeowners ask the same questions. Here are the 5 most common questions that sellers ask before listing their home for short sale: How will a short sale affe
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06/10/2009
Twenty-seven new foreclosed or short sale homes came on the market last week, up 50% from last week's 16. These made up about one in every 5 homes being listed in the Prescott Arizona Area MLS system. Short Sales: 12/27 are short sale listings (see yellow highlight). Short sales are starting
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06/09/2009
The Mortgage Bankers Assocation reported yesterday that Arizona residential deliquencies rose to 9.22 percent of homes in Arizona and foreclosures were started on an additional 2.52 percent of AZ mortgages bringing the total to 5.56 per cent of all homes in foreclosure. "It is difficult to overst
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05/29/2009