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From the category archives:

Strategic Mortgage Defaults

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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Sales up in the Phoenix housing market . . . and foreclosures too

July 8, 2010

The latest Realty Studies report from Arizona State University’s W. P. Carey School of Business came out this week. As in my blog post on Tuesday, news is mixed.

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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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Landscaping: Don’t underestimate the power of plants when selling your Phoenix home

May 28, 2010

Going into Memorial Day weekend – where there will be much outdoor grilling and entertainment to be had – made me think about the importance of landscaping. It really can’t be overlooked.

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ASU Realty Studies Chimes in on Phoenix Strategic Mortgage Defaults

April 1, 2010

So here’s an interesting question: If the Phoenix housing market seems to be stabilizing (maybe not dramatically improving, but stabilizing), does that mean that Spring really is just around the corner for the Valley of the Sun?

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Will Obama’s Latest Housing Plan Save the Phoenix Real Estate Market?

March 26, 2010

Last week Bank of America announced that it would reduce mortgage principal balances on a small subset of loans for customers in default.  Two days later, the Obama administration announced updates to its Home Affordable Modification Program (HAMP), also an attempt to help underwater homeowners who may be contemplating a strategic mortgage default.
From the Home [...]

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Bank of America Will Reduce Mortgage Principle for Underwater Phoenix Homeowners

March 24, 2010

Bank of America announced today that it would reduce the mortgage principle for some homeowners who owe more than their Phoenix homes are worth.

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Phoenix Real Estate Strategic Mortgage Defaults on REALTOR.com® Blog

February 23, 2010

Last week REALTOR.com® featured a blog post I wrote called “Strategic Mortgage Defaults: Is It a Financial Issue? Is It a Moral Issue? Or Is It Both?”
I’ve written before about the long-term value of home ownership, which still stands.  But short-terms economics have made paying a mortgage feel like a real drag (for some homeowners, [...]

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More Phoenix Real Estate Strategic Default News from Bob Stahl

February 10, 2010

The latest Phoenix foreclosure report showed that the Phoenix real estate market seems to be rounding the corner in terms of the number of foreclosures, though I predict a new wave of foreclosures in higher-end markets, like for Scottsdale homes. But given that the number of Phoenix foreclosures is still relatively high, what does that portend for strategic defaults?

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