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Nextage Realty Professionals
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Prescott Foreclosure Home The REO (real estate owned) foreclosed home market is hot right now in the Prescott area with many homes priced under an already depressed market price. It’s not unusual [...]  Posted by Jerry Cecil  January 26, 2009, 2:25 pmWhile some buyers are paying cash for homes, the majority still require financing. The rumor and mainstream media are telling us that banks are not lending but just the opposite is true. Tom Henichek Tom Henichek, a local loan officer at Mountain Mortgage, verifies that enough money is available for those who qualify for a mortgage. In fact, [...] Posted by Jerry Cecil January 23, 2009, 3:43 pmMarket Update Here is a list of the 8 Foreclosed/REO/Short Sales that sold in the last 60 days in Prescott as of 1-20-09. The average sales price was $257,550 and the median price is $237,750. The average price per square foot was $125 and the median price per square foot is $115. The average Cummulative Days [...] Posted by Jerry Cecil January 20, 2009, 4:03 pmBankruptcy or foreclosure That’s the sad question that many homeowners in the Prescott Arizona area are facing these days. Unfortunately, the answer is not a simple one. Are your trying to save your home or your credit score? If your are trying to save your home and if you have managed to stay current on your mortgage payments but [...] Posted by Jerry Cecil January 17, 2009, 9:55 amWhat’s with all these chapters anyway? According to the U.S. Department of Justice there are four kinds of personal bankruptcy and you can choose the kind of bankruptcy that best meets your needs (provided you meet certain qualifications): Chapter 7 “ A trustee is appointed to take over your property. Any property of value will be sold or [...] Posted by Jerry Cecil January 16, 2009, 7:09 am |
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