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From the category archives:

Short Sales

Just Out Today – foreclosures up in 75 percent of metros. What?!

July 29, 2010

RealtyTrac® the leading online marketplace for foreclosure properties, released today its Midyear 2010 Metropolitan Foreclosure Market Report. The news was grim. It showed 154 of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity – that is an astounding 75 percent.

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Understanding Short Sales

July 27, 2010

I blogged recently about short sales being up 600 percent from two years ago. I’ve also blogged recently about how – in my opinion – short sales are the new wave in real estate.

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Short Sales Increase 600 Percent – Are you considering short selling your Phoenix home?

July 1, 2010

I wrote on Monday about Fannie Mae’s recent announcement that it would “lock out” borrowers from obtaining a new loan for seven years if they chose to “strategically” default on a mortgage they could have afforded.

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Fannie Mae Urges Homeowners to Not Walk Away

June 28, 2010

Fannie Mae announced last week that it would “lock out” borrowers from obtaining a new loan for seven years if they choose to “strategically” default on a mortgage they could have afforded.

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Just In: Foreclosures Down in the Phoenix Real Estate Market

June 9, 2010

Last week, I reported on recent data of foreclosures in the Phoenix real estate market. If you remember, April foreclosures were down 2 percent nationally (year-over-year). This was the first annual decrease in five years.

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What HAFA Programs Mean for Your Phoenix Home Short Sale

June 4, 2010

If you haven’t heard already, Fannie Mae and Freddie Mac announced on Tuesday their versions of the Making Home Affordable Foreclosure Alternatives (HAFA) program. These are the latest in a string of programs designed to help borrowers avoid foreclosure. They take effect August 1 of this year and may be able to help you with your Phoenix home short sale.

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Buying a Phoenix Home Foreclosure

May 31, 2010

With mortgage rates at record lows and the stock market shaky these days, more and more people are putting money in an asset they understand – real estate. And I’m getting a lot of questions about buying foreclosures. Foreclosures can be a great deal but there are many things to consider when looking into purchasing a bank-owned home. I just urge you to be cautious.

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Where Are Phoenix Home Prices Headed?

May 26, 2010

How often have you wanted to do something but it wasn’t the right time? I hear that a lot, especially from prospective home buyers and sellers. But what if you could predict where the Phoenix AZ Real Estate market was headed? Would that influence your decision? Well, now you might be able to predict such an unwieldy thing.

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What the Low Mortgage Rates Mean for Phoenix Real Estate

May 24, 2010

The weather is unseasonably cool and the mortgage rates are hot, hot hot! Falling unexpectedly below 5 percent – again – the Wall Street Journal this morning reported that “rates could drift as low as 4.5 percent this summer from 4.86 percent now, instead of rising to 6 percent as some economists projected.” The Journal cited the European debt crisis as the reason for this dip with international investors shifting their money to U.S. bonds.

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Phoenix Real Estate on REALTOR.com – Grab Your Inner Tube: Short Sales are the Next Wave in Real Estate

April 21, 2010

There is a coming wave in Phoenix short sales (which the numbers back up), and that’s actually a good thing – for the buyers who are getting great deals on homes in Phoenix Arizona and the sellers who are avoiding foreclosure. And it’s a good thing for the Phoenix real estate market – the sooner we get the supply of Phoenix homes back into balance with the demand for them, the sooner prices can start rising – consistently and across the board – again.

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