Tag Archives: foreclosures

Why new slow-it-down mortgage rules may be a good thing…

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Catherine Reagor, The Republic | azcentral.com 1:28 p.m. MST October 8, 2015 If you are looking for a house now, it’s likely going to take a little longer to get a mortgage to buy it. The expected delay is due to a new federal rule that’s supposed to give consumers more protection when they are making one of their […]

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Distressed Sales Share Falls to Lowest Level in Eight Years

Distressed sales (short sales and REO properties property sales) accounted for just 12.7 percent of residential real estate transactions nationwide in 2014, the lowest share since 2007, according to Black Knight’s February 2015 Mortgage Monitor released today. The share of distressed sales for 2014 was down from 17 percent reported for 2013, according to Black […]

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Is the Phoenix Housing Finally Back to Normal?

According to Arizona State University, the Metro Phoenix Housing Market finally has the appearance of being more “normal”, with rising home prices, waning investor involvement & dwindling foreclosures & distressed properties across the Valley. After many months of chronic shortage of available inventory, it is even looking like a more balanced market as well, with […]

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Distressed properties are on the decline in Phoenix | HousingWire

Distressed properties are on the decline in Phoenix | HousingWire. Though there are still advertisements saying thousands of lender-owned properties are going to flood the market, that is definitely not the case for the Greater Phoenix market. Sure, there was a flood of cheap properties at one point in time, but that time has passed.Lenders […]

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Want to Buy after Short Sale or Foreclosure?

Have you had to sell your home by short sale or foreclosure after the market “bust” in 2006?  Did you know that you could be able to qualify for a home purchase at this time?  “Boomerang Buyers” (buyers who have been out of the market and now coming back) have returned as a major market […]

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Shadow Inventory? Not from Foreclosure Holdbacks!!!

http://www.dsnews.com/articles/foreclosure-filings-reach-six-and-a-half-year-low-2013-07-10 The most recent report from Realty Trac shows filings of foreclosures hitting a 6 1/2 year low in June, dipping 14% from May and down $35% from a year ago, dropping to a low not seen since December of 2006.  The year to date foreclosure filings are down 23% from the same time period […]

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Homeowners Starting to Take Action

Homeowners who have previously been “upside down” or close to breaking even are now “springing” into action and starting to list their homes for sale.  In a market where we have seen a downturn in Foreclosures & Distressed Sales and a dearth of traditional sales….this is welcome news for Buyers who haven’t had much inventory […]

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