Prescott Arizona Area Foreclosure News

From Tom Henichek, a local loan officer at Mountain Mortgage
 

Tom Henichek

Thinking of buying a home in the Prescott, Arizona area?  Perhaps one of the foreclosed or REO homes? 
 
Now is the time with the incredible decline in home prices and historically low interest rates!  Are you prepared to move forward? 
 
Before you answer yes, have you consulted [...]

From Tom Henichek, a local loan officer at Mountain Mortgage
 

Tom Henichek

 On Wednesday, the Federal Reserve agreed to purchase a large amount of mortgage securities since investors are sitting on the sidelines and not actively participating in these securities. 
This action spiked a short term rally in the stock and bond markets with the bond market seeing [...]

From Tom Henichek, a local loan officer at Mountain Mortgage

Tom Henichek

Many of you are familiar with the $7,500 tax credit if you purchased a home after April 8, 2008 and before July 1, 2009.  Essentially, the government has given you an interest free loan for purchasing this home if you are not a high-income tax [...]

From Tom Henichek, a local loan officer at Mountain Mortgage
 
Well, for starters we have lower prices than anytime in the recent past, great interest rates and the possibility of seller concessions.  Every product today has at least a guarantee of 3% seller concessions.  So, if the seller will or cannot lower their selling price, they [...]