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Nextage Realty Professionals

7,000,000 Households in U.S. are Facing Foreclosure

By Jerry Cecil, on November 18th, 2010

Prescott and Prescott Valley residents are not surprised to hear the latest tally of mortgage delinquencies.  Nationwide the stats are not alway representative of our local Prescott real estate market, but in this case they are.  Read on:

Facing Foreclosure in Prescott or Prescott Valley?

Today, Mortgage industry watcher and leader, Lender Processing Services (LPS), said there [...]

Posted by Jerry Cecil November 18, 2010, 7:43 am

Prescott Valley Short Sale on .37 acres in Unit 20 > Only $147,500

By Jerry Cecil, on June 29th, 2009

Move causes short sale on this upgraded home on an oversized lot in desirable Superstition Hills subdivision in Unit 20. Upgrades include new flooring, fixtures, lighting, and premium paint inside and out. Oversized garage has workshop and classic avocado color washer and dryer. Home has electric baseboard heat AND a gas Trane heat pump.

Looking to take [...]

Posted by Jerry Cecil June 29, 2009, 9:14 am

Prescott area foreclosure market update as of 2-28-09

By Jerry Cecil, on March 2nd, 2009

Prescott Area Market Report

The distressed real estate market in the Prescott area was busy again this week with 18 new homes coming on the market, about one in every five homes being listed in the Prescott Arizona Area MLS system.From the sales side they represented over half of the homes sold, and were over half [...]

Posted by Jerry Cecil March 2, 2009, 12:12 pm

New Fannie Mae Servicing Guide prohibits banks from lowering short sales commissions

By Jerry Cecil, on February 26th, 2009

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 [...]

Posted by Jerry Cecil February 26, 2009, 9:51 am

FAQ for homeowners facing foreclosure in Arizona

By Jerry Cecil, on February 15th, 2009

Facing Foreclosure?

Often we are asked by Prescott, Prescott Valley, and Chino Valley homeowners about their options when they are facing foreclosure.

 We are not lawyers or accountantS and you should consult with professionals in those areas before making any decisions that will affect your credit for at least 7 years.

Here are some of the frequently asked [...]

Posted by Jerry Cecil February 15, 2009, 12:20 pm
 
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