Prescott Arizona Area Foreclosure News

Going to run the 7 mile Willow Lake Trail to check it out for next week’s race…should be more Prescott fun! > http://tinyurl.com/lvubup #

The Mortgage Bankers Assocation reported yesterday that Arizona residential deliquencies rose to 9.22 percent of homes in Arizona and foreclosures were started on an additional 2.52 percent of AZ mortgages bringing the total to 5.56 per cent of all homes in foreclosure.
“It is difficult to overstate the severe impact home-price declines have had on mortgage [...]

 Just like the previous week, twenty new foreclosed or short sale homes came on the market last week, about one in every 5 homes being listed in the Prescott Arizona Area MLS system.   5/20 are short sale listings (see yellow highlight).
Is there a flood of foreclosures ready to hit the market? 
See:  Banks to unleash a phantom inventory [...]

Propellerheads – Spybreak – gotta love music from The Matrix – nice climing song at 128 BPM ♫ http://blip.fm/~6l2sy #
Social Distortion – Ring Of Fire – 90 BPM – Great cover of Ring of Fire…upbeat good running song ♫ http://blip.fm/~6mq2e #
Jan Driver – Kardamoon – 126 BPM – Good warmup song…interesting Arab feel ♫ http://blip.fm/~6ue4u [...]

Many lenders, real estate agents, and home builders applauded when HUD said it would let banks and local governments offer short-term “bridge loans” to cover the down payment for first-time buyers eligible for the tax credit. The loans would have been available to applicants for federally insured mortgages such as Federal Housing Administration loans. 
See:  Home [...]

 Twenty new foreclosed or short sale homes came on the market last week, about one in every 4 homes being listed in the Prescott Arizona Area MLS system.   6/20 are short sale listings (see yellow highlight).
Want to see what the latest sales figures are for the Prescott Az area foreclosure market?  
See: Prescott area REO and short sale [...]

@GET_ENGAGED > Looking for Prescott AZ property deals? Search for Prescott Area Foreclosures > http://tinyurl.com/qb3wnh in reply to GET_ENGAGED #

Activity in the distressed home market in the Prescott AZ area remains moderate with 19 homes closing in the first 15 days of May.  This compares to 42 homes sold by traditional resales during the same period.
The average price per square foot for REO and short sales was $98 and the average time to sell was [...]

The Wall Street Journal said that ZipRealty reported this week healthy year over year sales increases and signs that prices were leveling off for the Phoenix metro area.
ZipRealty reported that Phoenix led the nation in the change in the number of homes listed for sale at the end of April compared with a month earlier with a [...]

A new wave of foreclosures is getting ready to hit the market as a result of the pressure being placed on banks by investors and the US Government to increase their assets.  This includes selling off assets, issuing stock (see WSJ article yesterday, More Banks Tackle TARP, Capital Gaps), and liquidating their REO (real estate owned) assets.   This [...]

 Eighteen new foreclosed or short sale homes came on the market last week, about one in every 6 homes being listed in the Prescott Arizona Area MLS system, and one third of the closings were distressed sales in Prescott, Prescott Valley, Chino Valley, Dewey-Humboldt and the outlying areas of Yavapai County. 
The difference between what newly listed traditional [...]

Whiskey Row Marathon was perfect this year…did a 3:48 and didn’t die! See route > http://trail.motionbased.com/trail/activity/8134305 #
Kylie Minogue – Slow – 83 BPM – good song to start a race with…start slow…body language…focus ♫ http://blip.fm/~5k3be #
Adrenaline – Gavin Rossdale – 100 BPM – Good song for mile 20 mark of a marathon…almost there! ♫ [...]