Posted in Foreclosure, Real Estate on Mar 16th, 2009
The City of Phoenix will begin offering homebuyers thousands of dollars towards the purchase of a foreclosed home. The new program will award homebuyers $15,000 dollars if they buy a foreclosed single family home, townhouse or condominium within Phoenix city limits. “We have a lot of foreclosures. If it (prompts) people to buy, why not?” [...]
Posted in Foreclosure on Feb 18th, 2009
Mortgage fraud doesn’t pay! n the following press release Diane J. Humetewa, U.S. Attorney for the District of Arizona announced that Marcus Dozzell, 34, of Henderson, Nevada was sentenced today to 45 months in prison for his conviction in April 2008 for leading a mortgage fraud scheme in Phoenix, Arizona, San Diego, California and Las [...]
Posted in Foreclosure on Feb 15th, 2009
He’s coming to Phoenix to try to work on foreclosures! “WASHINGTON (AFP) — US President Barack Obama next week heads west to tout a new strategy to prevent home foreclosures after his first big win in Congress with the approval of his 787-billion-dollar economic stimulus plan. Before traveling to Phoenix, Arizona to promote his efforts [...]
Posted in Foreclosure on Jan 27th, 2009
Looks like part of the bailout money is going to work on stemming foreclosures. Realtytrac estimates another 1million to 2million homes will be foreclosed this year which is staggering. Fed takes major step toward stalling foreclosures
Posted in Foreclosure on Jan 21st, 2009
Step by step what the foreclosure process is in Arizona: In Arizona, foreclosure can be a swift and simple procedure by a mortgage company. Foreclosure is the legal process by which a mortgage company can obtain ownership of a property. It relinquishes a homeowner from any all right to the property and evicts the homeowner [...]
Posted in Foreclosure on Jan 20th, 2009
Great article on fighting through a foreclosure. There are avenues to help, many lenders will try to work with you, but only after 60 to 90 days of late payments. If your situation isn’t going to change very soon, short sales are a great way to get out of the debt, finding someone willing to [...]
Posted in Foreclosure on Jan 19th, 2009
Note: I am not a lawyer so do not take anything here as legal advice. Always consult a lawyer first. The foreclosure process in Arizona does not always involve a judge. Many people do not realize, but the majority of deeds in Arizona are called “Deeds of Trust”, and that is much different than a [...]
Posted in Foreclosure on Jan 16th, 2009
The Urban Land Institute had their conference today to describe Arizona real estate. The Arizona Republic has a story on it: Link The experts predict more foreclosures in 2009, and a comeback in 2010 or 2011. We have been hard hit by the financial industry and construction which will add to our bad economy. Too [...]