Prescott Arizona Area Foreclosure News

According to the Zillow Q4 Real Estate Market (2008) survey released yesterday by Zillow.com, some 70 percent of homeowners surveyed believe their home’s value will either increase or stay the same in the first six months of 2009, while only 30 percent expect a decrease in value.
Fifty-seven percent believe their home lost value last year, [...]

As you might have read in the post, Why are REO properties priced all over the place?  banks price REO properites using varying methods and some banks do a better job than others. 
Well, short sale price setting is not much different.
In general, most short sale experts say to price the property at or near fair market value, [...]

Are banks and loan servicing companies able to accurately price distressed properties and REOs?
Some do a good job, but more often than not they rely on national indexes, rather than use local assets in the field such as qualified Certified Foreclosure Specialists who know their cities neighborhood by neighborhood.  And they are in tune with [...]