Prescott Arizona Area Foreclosure News

25 new foreclosed or short sale homes came on the market during the week of October 18-October 24, down a bit from the previous week’s 29. These made up approximately 1/3 of  homes being listed in the Prescott Arizona Area MLS system.  
There were 49 traditional listings that came on the market  last week at an average of [...]

Another bank hits the dust, FDIC's funds at lowest level ever > http://bit.ly/23PLzv #

WASHINGTON – Home resales rose in September to the highest level in more than two years, beating expectations, as buyers scrambled to complete their purchases before a tax credit for first-time owners expires.
The National Association of Realtors said Friday that sales rose 9.4 percent to a seasonally adjusted annual rate of 5.57 million in September, [...]

Is The FDIC Killing Short Sales?
See the whole article here
As some of you already know, I blogged recently about being interviewed recently by our local NBC news affiliate. 
Basically, IndyMac Bank (now OneWest Bank), is holding one of my clients hostage, demanding a $75k promissory note, or they will proceed to foreclosure.  For the life of [...]

29 new foreclosed or short sale homes came on the market during the week of October 11-October 17, up slightly from the previous week’s 25. These made up approximately 1/3 of  homes being listed in the Prescott Arizona Area MLS system.  
There were 52 traditional listings that came on the market  last week at an average of $133 per [...]

Feds to Offer Easier Aid, Incentives for Modifications and Short Sales from DSNew.com…a great resource > http://bit.ly/3rfpvN #
Are you ready to change your business > 4 Ways Social Media is Changing Business http://bit.ly/xsskr #
Foreclosures Rise in Housing Top Tiers: Wall Street Journal says rich are suffering too: http://bit.ly/W0bAF #
Arizona's Foreclosure Rate increased [...]

Fitch Ratings-New York-13 October 2009: With a majority of borrowers in U.S. RMBS transactions owing more on their mortgages than their homes are currently worth, negative home equity is preventing sustained improvement in U.S. mortgage performance, according to the new monthly report ‘Fitch RMBS Performance Metrics’ available at ‘www.fitchratings.com’.
Fitch estimates approximately 60% of the remaining [...]

RealtyTrac released new data about Q3 foreclosure activity yesterday and once again the numbers continue to grow.  We are seeing this in Arizona, and while Maricopa County (Phoenix area) leads the way, Yavapai County has a not-so-healthy foreclosure rate as well, and banks continue to repossess property especially in Prescott Valley and Chino Valley where newer [...]

An article came out in the WSJ the other day about how more expensive homes are starting to be foreclosed on as well.  We are definitely seeing this in the Prescott area including Prescott Valley, Chino Valley, and Dew-Humboldt where higher end homes are showing up on the Weekly Foreclosure Report. (Sign Up Here)
This article [...]

25 new foreclosed or short sale homes came on the market during the week of October 4-October 10, down slightly from the previous week’s 28. These made up approximately one in every 3 homes being listed in the Prescott Arizona Area MLS system.  
There were 46 traditional listings that came on the market  last week at an [...]

3 more banks failed last week bringing total to 98 this year compared to 26 in 2008 and just 3 in 2007 > holy crap >http://bit.ly/1qfQWZ #
Why short sales aren’t always a good deal http://aihrm.th8.us #
Investors are ready to move into real esates even as crisis spreads to commercial real estate: http://bit.ly/Bdtaa #
Construction sector continues [...]

SEATTLE, Oct. 8 /PRNewswire/ — Homebuyers in much of the U.S. are still paying
thousands of dollars below the home’s asking price, but had slightly lessnegotiating power in August than they did in July, according to the August Zillow Real Estate Market Reports. Buyers paid a median $6,525, or 3 percent, less than the last listing [...]