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Nextage Realty Professionals
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A total of 248,534 properties in default, scheduled for auction, or repossessed by the bank sold to third parties during the April to June timeframe. RealtyTrac says on average, these homes went for a discount of 26 percent. The second-quarter share of foreclosure sales is up nearly 5 percent from the previous quarter, but still down 20 [...]  Posted by Jerry Cecil  September 30, 2010, 12:23 pmAZ Republic – 9-7-1010 Foreclosures climbed in metropolitan Phoenix during August. Home sales fell, and so did prices. But pre-foreclosures fell as well, potentially signaling a drop in foreclosures in the coming months. A rundown of the numbers from Information Market’s latest research: • Last month, 4,831 Phoenix-area homes were foreclosed on or taken back by lenders through trustee [...] Posted by Jerry Cecil September 8, 2010, 2:35 pmTimes are still tough in the Prescott area residential real estate sector, but the foreclosure market is looking up. While real estate prices, as a whole, have plummeted, prices of foreclosuresin most states are going up, according to the foreclosure listing site Foreclosuredataonline.com. The company reported that foreclosure sale prices in Arizona saw the biggest increase, where averages went [...] Posted by Jerry Cecil November 9, 2009, 6:27 amA 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 is [...] Posted by Jerry Cecil May 12, 2009, 7:34 amShort Sale: $149,999 New: $214,990 The Wall Street Journal today had an article today on the impact of short sales and foreclosures on new home builders and their lack of ability to compete and sell new homes. We’ve seen this phenomenom in Prescott Valley’s Granville and Pronghorn Ranch sudivisions where new home building has ground to [...] Posted by Jerry Cecil March 11, 2009, 5:00 pm |
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