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prescott arizona area foreclosures blog

No one signs their mortgage planning on foreclosure, but…

“Life is what happens while you’re making other plans.”
Richard Dreyfuss in Mr. Holland’s Opus
No one moves into a home and takes on a mortgage planning on foreclosure.   But divorce, medical issues, job loss, job transfers, and life changes can all lead to to foreclosure or short sale. If your bad luck is temporary, you might [...]

Want to Be Taken Seriously in the Foreclosures Market? Make a Realistic Offer!

By Rick Sharga, Vice President of Marketing for RealtyTrac
It’s no wonder that the foreclosures market is gaining popularity among first-time buyers and real estate bargain hunters alike. Foreclosure properties can often be purchased at 10 to 30 percent less than their market value, making them an attractive investment in a time of soaring real estate [...]

Before You Buy a Foreclosure Property, Do Your Homework!

Online tools allow you to evaluate potential purchases from the comfort of your home
By Rick Sharga, Vice President of Marketing for RealtyTrac
There are two words that give pause to the most motivated real estate buyer or investor, especially during the busy holiday season: property research.

 

In the past, property research equated to extensive legwork  often involving [...]

Will You Be A Foreclosure Statistic?

By Peter G. Miller 
Most owners who lose their homes in a foreclosure never thought it would happen to them. It always happens to someone else  you know the people who get sick, laid off, have an accident, that sort of thing.
So you might think: Foreclosure. That will never happen to me. No way. But lurking in [...]

Five Tips for Buying a Foreclosure Property Below Market Value

By Jim Saccacio, RealtyTrac Chief Executive Officer
If you feel like the escalating costs of real estate have priced you out of the market, think again. It may be time to investigate the vast opportunities available in the foreclosures market.
For people willing to do a bit of homework, the foreclosure market offers some of the [...]