Jason Mitchell's (reoexperts) Blog

This is no surprise to anyone in the real world. You just have to talk to co-worker, family, friends to know that we have been in a recession.  The U.S. economy is in recession as high unemployment crimps consumer spending, a survey showed. The National Association of Business Economists' poll of...

I do know that having access to public records helps renters decide if the owner is underwater and may have a higher likelihood of potential foreclosure. A renter should and would want to knowThere has been a significant and fundamental change in the display and public recording keeping of home o...

why Short-Sales are getting more difficult. Most solutions, such as Forbearance, Deed-in-lieu of foreclosure and short-sales require lender approval and negotiations. However, as David and Bill point out, many lenders are shutting down the lines of communication. As Lynn Frantzen points out in "S...

On Monday, Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers. Previously, Bank of America halted foreclosures in California and more then 2,000 homes in greater Phoenix.   JPMorgan Chase & Co. won't put any more h...

Arizona real estate market is struggling. Although, an eternal optimist, I might even contend that we are past treading water and are now drowning. The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday...

Sales have picked up for several reasons. 1) Lower home prices - yes, prices are going down, especially here in the west, and specifically, Phoenix, Scottsdale, Fountain Hills and other East Valley cities where we saw one of the biggest national drop. Inventories remain high. However, lower price...

Good News?  Bad News ?  Not Sure ? We have watched the government search for , and try, a variety of methods that we hoped would be the proverbail 'silver bullet' to add liquidity to the market and thus support housing. Today, though, we got a slight blow to shoring up Bank Balance sheet and easi...

Are down payment-assistance programs cash-back fraud? As, Federal regulators are closely examining lending practices there is increasing scrutiny of these programs as questions arise if the down-payment is actually a contribution or kick-back from the seller. Here's why. The buyer is including an...

Are you  insured against floods ?? if you are in a designated flood zone lenders mandate you have flood insurance.  Yes, mandated flood insurance here in the Valley of the Sun. It is important for you to know that homeowners insurance does protect you from natural disasters  including wind, fire ...

Great Advice to Sellers.As a Real Estate Broker here in Scottsdale and the towns around Phoenix, I am asked by many sellers whether or not they should upgrade their homes in order to help them sell more quickly. Now, I know there are differing opinions on the subject. A well respected Associated ...