Prescott Arizona Area Foreclosure News

Move causes short sale on this upgraded home on an oversized lot in desirable Superstition Hills subdivision in Unit 20. Upgrades include new flooring, fixtures, lighting, and premium paint inside and out. Oversized garage has workshop and classic avocado color washer and dryer. Home has electric baseboard heat AND a gas Trane heat pump.

Looking to [...]

Listing a short sale in Prescott Valley…$147,500…I sold it to a nice family 2.5 years ago for $237,000…that's almost 40% off! #
Short sale listing in Unit 20 of Prescott Valley. Only $147,500. See the virtual tour: http://www.tourfactory.com/525774 #

Eighteen foreclosed or short sale homes came on the market last week, down from last week’s 24.  They made up about one in every 5 homes being listed in the Prescott Arizona Area MLS system.  
I expect REOs and short sales to continue to dominate the sales side of the market with the discount available on the foreclsoure [...]

I’m working on a short sale listing and the homeowner is in the midst of filling out the listing paperwork and was confused on why they were filling out the paperwork if the bank was the seller.  
This is a normal question and one that comes up especially when the homeowner comes to the Exclusive Right [...]

More good news for Prescott and Prescott Valley home sellers!   California’s housing market is starting to show signs of life.  See the report from Dataquick:
La Jolla, CA—Southern California home sales rose for the 11th consecutive month in May as sales of $500,000-plus homes started to come back. The median price paid increased slightly from the prior month [...]

Sales volume in the  distressed home market in the Prescott AZ area is up to a record high this year with 36 homes closing in the first 15 days of June.  This compares to 79 homes sold by traditional resales during the same period.
The average price per square foot for REO and short sales was $91 and [...]

Twenty-eight new foreclosed or short sale homes came on the market last week, up one listing from last week’s twenty-seven.  These made up about one in every 5 homes being listed in the Prescott Arizona Area MLS system which has been fairly constant for a couple of months now.
Short Sales:  9/28 are short sale listings (see yellow [...]

Several newspapers thought that a decline in May foreclosures from April’s record high was good news, but a decline off a record is not necessarily healthy.  Here’s an article from the WSJ that I thought was a little more appropriate.  
Here’s a bleak milestone: there’s been more the 1 million foreclosures filed in the U.S. so [...]

Short sales are getting more attention and even the Federal Government is adding them as options to its attempts to quell the mess in the housing market.
The Obama administration announced new details under its Foreclosure Alternatives Program (FAP) enabling servicers and borrowers to pursue short sales and deeds-in-lieu (DIL) of foreclosure in cases where the [...]

Twenty-seven new foreclosed or short sale homes came on the market last week, up 50% from last week’s 16.  These made up about one in every 5 homes being listed in the Prescott Arizona Area MLS system.  
Short Sales:  12/27 are short sale listings (see yellow highlight).  Short sales are starting to make up more and more of [...]

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 Sixteen 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.  
Short Sales:  5/16 are short sale listings (see yellow highlight).  Compare this to how many are actually selling:  Prescott area REO and short sale homes sold 5-15-09 thru 5-31-09

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