Prescott Arizona Area Foreclosure News

On Tuesday, February 22nd, 2009, Fannie Mae released an announcement with updates to the Servicing Guide used by banks in the U.S.
One of the sections that will impact short sale sellers and REO agents nationwide is the prohibition of banks making the sale of a short sale conditional upon the lowering of commissions.
If you’ve ever [...]

Activity in the distressed home market in the Prescott AZ area remains strong with 14 homes closing in the last 10 days that were either bank owned/REOs or short sales.
When banks price these properties below market value, multiple offers occur and prices can exceed asking price even in this  buyer’s market.  Several of the homes sold [...]

Today we launched a new site, www.PrescottREOS.com, to focus on the needs of REO Asset Managers and BPO Service Managers looking for REO partners in the Quad-Cities area of Northern Arizona.
Once fully developed, the site will include a portal to our SureClose listings management system that will allow asset managers to have automated updating as well [...]

The distressed real estate market in the Prescott area was busy again this week with 17 new homes coming on the market, about one in every five homes being listed in the Prescott Arizona Area MLS system. From the sales side they represented about one in every three homes being sold, and were over half [...]

I was reading the little magazine that comes in our unique newspaper, The Daily Courier, and came across an article that made my eyes water a little. 
It was about an organization that provides bulletproof vests to service dogs.  They are called Vest ‘N P.D.P (Police Dog Protection) and they raise money to provide Police Dogs [...]

Details of Obama’s bailout plan for consumber emerged today and hopefully some of it will help Prescott AZ area homeowners that are facing foreclosure.  The plan is designed to help 3-4 million at risk homeowners with principal reductions financed by the treasury.
Two prongs:
1.  Incent the servicing companies to prevent foreclosure by incenting them with upfront fee [...]

Important Note:  I am not a foreclosure lawyer; if you are facing foreclosure, you should consult with a Prescott or Prescott Valley real estate and foreclosure attorney. 
You can streamline the process  by familiarizing yourself with the Actual Statutes: Arizona State Revised Statutes Title 33:  Property.
State of Arizona foreclosure law summary
Judicial Foreclosure Available: Yes
Non-Judicial Foreclosure Available: [...]

Activity in the distressed home market in the Prescott AZ area remains strong with 11 homes closing in the last 15 days.
Several of the homes sold for more than asking price (see green highlight) and got multiple offers to get there.
Related Post: Top 10 tips to win the REO multiple offer game

 Single Family Foreclosed/REOs and [...]

136 S. Washington Street, Prescott, AZ 86303
This home was built in 1928 and lived in for decades by the same folks, and it is ready for someone to take it into the next century. This property is perfect for an investor who wants to rent this out or someone looking for a bargain who wants [...]

Tree & Shrub Trimming
Weed Removal & Lot Cleaning
Mailbox Repair or Replace
Yard Clean Up & Removal
Brush Hog Mowing For Acreage
Pressure Wash House & Driveway
Exterior Painting
Appliance & Vehicle Removal
Clean Gutters
Snow Removal
Gravel Hauling & Spreading
Shed Clean Out or Removal
Tree or Shrub Removal
Bi Weekly or Monthly Lawn Care Services
Additional Services To Restore Your Harder Hit Properties
U CALL, WE HAUL
Cell:  [...]

I got a call the other day from a client in Prescott Valley who was having some financial problems and was considering signing over her home to a company that would rent it back to her, allowing her to “save her credit score.”
I had heard of this type of arrangement before.  This is one of the [...]

Often we are asked by Prescott, Prescott Valley, and Chino Valley homeowners about their options when they are facing foreclosure.
 We are not lawyers or accountantS and you should consult with professionals in those areas before making any decisions that will affect your credit for at least 7 years.
Here are some of the frequently asked questions [...]