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Nextage Realty Professionals

Twitter Weekly Updates for 2009-09-20

I was told by my main loan officer not to write any more 30 day closes as he needs at least 45 days now with new loan regulations. PITA #
I was dismayed to see that 4 Marines and a Navy Corpsman died fighting in Afghanistan last week..God bless their families and [...]

Is the FHA going to go down? It needs more money…

See this press release from yesterday:

FHA ANNOUNCES CREDIT POLICY CHANGES, ADDING CHIEF RISK OFFICER
Policy Changes Will Reduce Risk As Officials Anticipate Annual Actuarial Study to Show Capital Reserve Ratio Dropping Below Congressionally-Mandated 2 percent

WASHINGTON, DC – Federal Housing Administration (FHA) Commissioner David H. Stevens today announced plans to implement a set of credit policy changes that [...]

Prescott Arizona area foreclosure market report as of 9-12-09

Prescott Area Market Report

35 new foreclosed or short sale homes came on the market last week, down slightly from last week’s 40.  These made up about one in every 2.25  homes being listed in the Prescott Arizona Area MLS system.  

There were 55 traditional listings that came on the market  last week at an average of $147 per square [...]

Foreclosures are still cranking in the U.S

Foreclosures are still cranking in the U.S. according the a new report out from RealtyTrac.  And this is true for out local market in the Prescott area including Prescott, Prescott Valley, Chino Valley and Dewey-Humboldt.

One in every 357 homes received a foreclosure filing during the month of August, which includes default notices, scheduled auctions, and bank [...]

Twitter Weekly Updates for 2009-09-06

@prescottreos is ranked 48,318 on Twitterholic.com, and 2 in Prescott, AZ! [...]