Prescott Arizona Area Foreclosure News

I have many clients who call me looking for deals on short sales and foreclosed homes in the Prescott Arizona area market including Precott Valley, Chino Valley and Dewey-Humboldt.  Many think that short sales are better deals than foreclosures, but his is rarely the case.
What the difference?
The short sale process has many moving parts that [...]

On Tuesday, February 22nd, 2009, Fannie Mae released an announcement with updates to the Servicing Guide used by banks in the U.S.
One of the sections that will impact short sale sellers and REO agents nationwide is the prohibition of banks making the sale of a short sale conditional upon the lowering of commissions.
If you’ve ever [...]

Here is a list of the 8 Foreclosed/REO/Short Sales that sold in the last 60 days in Prescott as of 1-20-09. The average sales price was $257,550 and the median price is $237,750. The average price per square foot was $125 and the median price per square foot is $115. The average Cummulative Days on [...]

Foreclosures seem to be all over the news these days and it is easy to see why.  At one time foreclosures used to be the exception in the Prescott area, now they are driving home prices down just like the rest of the country.
In the last 6 months, 120 foreclosed (bank-owned) homes sold in the Prescott [...]