Why Foreclosures Will Go Up In 2010

Posted by relocateaz on Jan 14, 2010 in Foreclosure, housing market | 0 comments

Last year there were 2.82 million foreclosures, the most since RealtyTrac began compiling data in 2005. Some Analysts expect more than 4.5 million filings are expected this year. There is little doubt among analysts that foreclosures will top 3 million this year. “As bad as the 2009 numbers are, they probably would have...

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Home Sales Rise For Nine Months Straight

Posted by relocateaz on Dec 10, 2009 in Uncategorized | 0 comments

The Pending Home Sales Index was established in 2001. Since its inception there has never been 9 consecutive months of growth, until now. December 1st it was reported from the National Association of Realtors that the index reached 114 marking the 9th month in a row that the index has risen. The Pending Home Sales Index, a...

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Treasury Announces New Short Sale Process Legislation

Posted by relocateaz on Dec 1, 2009 in financing | 1 comment

The U.S. Treasury Department released a plan intended to speed up and encourage the short sale process. A short sale is the final step a homeowner may take before giving up on a house and letting it slide into foreclosure.  However, in the past the foreclosure process has been time consuming and has not delivered the desired...

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What is FHA 203k?

Posted by relocateaz on Dec 1, 2009 in financing | 0 comments

The fastest growing home loan on the market is the FHA 203k.  in 2008 there were 10,000 FHA 203k loans, this year there will be 80,000 and next year estimates are over 500,000 FHA 203k loans will be processed.  What is this loan? and do you qualify? read the FAQ below. What is an FHA 203k Loan? The FHA 203k renovation loan...

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Banks Willing To Rent Tenants Back Their Foreclosed Home

Posted by relocateaz on Nov 20, 2009 in Uncategorized | 0 comments

In a surprise move, Fannie Mae announced it will begin allowing homeowners facing foreclosure to rent back their homes for up to one year.   This program allows homeowners to pay market value for rent, a sum typically lower than the price they are currently paying for their mortgage. “The Deed for Lease Program...

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