Prescott Arizona Area Foreclosure News

I made the plunge and have integrated Twitter into my Web 2.0 strategy.  If you haven’t heard of Twitter, you are not alone, but it is beginning to define itself in the marketplace as a new source of news and views.
Here are some resources that will help you get an idea of what Twitter is and [...]

HOPE NOW, the organization formed in 2007 with the help of the Treasury and HUD, is an alliance between HUD approved counseling agents, mortgage companies, investors and other mortgage professioinals that provides FREE foreclosure prevention assistance.
Many homeowners in the Prescott and Prescott Valley markets facing foreclosure and doing short sales have have been able to get [...]

“IT REQUIRES A GREAT DEAL OF BOLDNESS AND A GREAT DEAL OF CAUTION TO MAKE A GREAT FORTUNE.”   Ralph Waldo Emerson.
This might have been the title on the new report out by Realtor.com earlier this month based on survey data.  The results of the survey are based on interviews conducted from March 6 to 8, [...]

I have many clients who call me looking for deals on short sales and foreclosed homes in the Prescott Arizona area market including Precott Valley, Chino Valley and Dewey-Humboldt.  Many think that short sales are better deals than foreclosures, but his is rarely the case.
What the difference?
The short sale process has many moving parts that [...]

The distressed real estate market in the Prescott area was once again busy on the listing AND closing sides this week. Eighteen new foreclosed or short sale homes came on the market, about one in every five homes being listed in the Prescott Arizona Area MLS system, and just under one half of the closings, or [...]

Activity in the distressed home market in the Prescott AZ area remains strong with 26 homes closing in the last 15 days.  This compares to 43 homes sold by traditional resales.
The average price per square foot for REO and short sales was $87 and the average time to sell was 128 days compared to $124 per [...]

Last week I posted about the Southern California real estate market and how it was rebounding, see: Great news for Arizona! So Cal prices didn’t drop in Feb, and now we have good news from our southern neighbors in the Phoenix area.   Our home sellers in Prescott, Prescott Valley, Chino Valley, and Dewey-Humboldt rely on the [...]

Is the market ready to turn around?  If history repeats itself, all that has to happen is that Californians are able to sell their homes again so they can move here.  If the numbers in CA recently hold, then we might have seen the bottom. 
See Great news for Arizona! So Cal prices didn’t drop in [...]

From Tom Henichek, a local loan officer at Mountain Mortgage
 

Tom Henichek

 On Wednesday, the Federal Reserve agreed to purchase a large amount of mortgage securities since investors are sitting on the sidelines and not actively participating in these securities. 
This action spiked a short term rally in the stock and bond markets with the bond market seeing [...]

Good news for Arizona and especially for all our local homeowners in Prescott, Prescott Valley, Chino Valley and Dewey-Humbolt market area who would be a happy to sell their homes to someone from So Cal. 
For the 1st time in 10 months, the median home home price in the six counties in Southern California did not [...]

My favorite day of the year and one with such noble traditions such as green beer and Irish Whiskey.  Just don’t call it St. Patty’s Day…if you have to, it’s St. Paddy’s Day.   
 
St. Patrick was born to a rather wealthy family in Britian near the end of the fourth century. At about the age of [...]

Reading most of the headlines these days, you would think that foreclosures were happening everywhere in the U.S.  Well, this just isn’t the case according to a recent USA Today article: 
Most foreclosures pack into a few counties
In it, the author Brad Heath, cites RealtyTrac statistics that show that more than half of the foreclosures in 2008 took [...]