Phoenix AZ Short Sales
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U.S. Foreclosure Activity

U.S. Foreclosure Activity Hits 40-Month Low After Jump in March
REOs Hit Record High in Nevada, Defaults Spike in Massachusetts and New Jersey

IRVINE, Calif. – May 12, 2011 — RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for April 2011, which shows foreclosure filings [...]

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Arizona Foreclosures Rate Rises

Filings slide up 15 percent from Q4 2010, drop 17 percent from a year ago

State’s foreclosure rate second highest in the nation

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 46,047 Arizona properties during the first quarter of 2011, up 15 percent from the fourth quarter of 2010 but 17 [...]

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2012 Budget Could Limit Mortgage Interest Deduction

2012 Budget Could Limit Mortgage Interest Deduction

By RealtyTrac Staff
While President Obama’s proposed 2012 budget plan doesn’t specifically target the mortgage interest deduction by name, many believe it could be collateral damage from the 30 percent reduction in itemized deductions on income taxes — which the budget said is necessary to pay for a “three-year patch [...]

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Best Places to Buy Foreclosures

Best Places to Buy Foreclosures in 2011

By Joel Cone, Staff Writer
Here’s our list of the best places to buy and invest in foreclosures in 2011 and beyond, based on an analysis of 10 key real estate metrics relating. We started with the nation’s 100 largest metropolitan statistical areas (MSAs) based on population. We then filtered [...]

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Foreclosure Activity Decreases 15 Percent in Q1 2011

Foreclosure Activity Decreases 15 Percent in Q1 2011

Foreclosure filings were reported on 681,153 U.S. properties in the first quarter, a 15 percent decrease from the previous quarter and down 27 percent from the first quarter of 2010, according to RealtyTrac. “Weak demand, declining home prices and the lack of credit availability are weighing heavily on [...]

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7 Phoenix AZ Short Sale Pitfalls. Phoenix Short Sale Mistakes

As a Phoenix homeowner considering a short sale it is important you understand the most common mistakes agents and homeowners make in this process. The CDPE agent that provided you this information has completed extensive training in the short sale process and in assisting homeowners who owe more on [...]

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The Healthiest Housing Markets for 2009

The Healthiest Housing Markets for 2009
Builder, in conjunction with Hanley Wood Market Intelligence, debuts its metric for determining markets with the best and least potential.
By: Boyce Thompson

With most economists and builders expecting a national market decline this year, this may not seem like the best time to be selecting the “healthiest” markets in the country. [...]

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Obama throws $75 billion lifeline to homeowners

Obama throws $75 billion lifeline to homeowners

President Barack Obama threw a $75 billion lifeline to millions of Americans on the brink of foreclosure Wednesday, declaring an urgent need for drastic action — not only to save their homes but to keep the housing crisis “from wreaking even greater havoc” on the broader national economy.

The lending [...]

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'Realistic' approach is needed in Real Estate weak market

‘Realistic’ approach is needed in weak market
by Ellen James Martin-Universal Press Syndicate

Those who sell real estate recall those heady days just a few years ago, when competition over the best homes on the market – known as “showcase properties” – was robust. Multiple bids were common, and eager buyers submitted contract offers stripped of all [...]

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Fannie Mae and Freddie Mac will have lower limits on the size of loans they can buy.

Fannie Mae and Freddie Mac will have lower limits on the size of loans they can buy.

WASHINGTON – People looking to buy more expensive homes next year will have fewer options to find financing because Fannie Mae and Freddie Mac will have lower limits on the size of loans they can buy.

The changes, effective Jan. [...]

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