Q3 Foreclosure Rate Breaks Record

Posted by relocateaz on Nov 3, 2009 in Foreclosure, housing market | 0 comments

The recent economic crisis has seen multiple records set, unfortunately most records are being set in the wrong direction.  The third quarter of 2009 was no exception.  The months of July, August and September saw a 5% rise in the already staggering foreclosure rate in the U.S. There were 937,840 filings in the third...

Read more

Dave Ramsey Is Back On The Air In Phoenix

Posted by relocateaz on Oct 19, 2009 in Buying Tips, Community, financing, Gilbert, Real Estate, Selling Tips | 0 comments

After a brief hiatus, one of the biggest financial advisors in American returns to Phoenix.  Not only is Dave Ramsey back in the Phoenix metropolitan area, but he has made a few upgrades to his radio show. Dave Ramsey, who has been on the radio for years on AM stations is now making the transition into his first valley wide FM...

Read more

Understanding Your Financing Options

Posted by relocateaz on Oct 5, 2009 in financing | 0 comments

If there is one thing the media has made us aware of throughout the course of this morgage meltdown, its just how creative(and crazy) lenders were with the financing options.  As the credit from the banks tightened so did the lending options available for buyers. While most of the exotic loans of the past are gone their are...

Read more

Fannie Mae and Freddie Mac To Overhaul Short Sale Process

Posted by relocateaz on Sep 25, 2009 in financing, Foreclosure, News, Short Sale | 2 comments

Breaking news in the real estate community. This week Gabrielle Harrison the VP of REO sales for Fannie Mae, and Ingrid Beckles the Default Asset Manager at Freddie Mac announced an overhaul to the short sale process at the two companies. A crowded room at the 5 Star Conference this week erupted as Gabriele Harrison announced...

Read more

What is Shadow Inventory? And Are Big Banks Manipulating the Real Estate Market?

Posted by relocateaz on Sep 4, 2009 in Foreclosure, housing market, Real Estate | 1 comment

So it seems to be the new buzz word swirling through the Arizona real estate market these days, but what is the Shadow Inventory? To put it simply, Shadow Inventory is the residential homes that have been given back to the banks(foreclosed on) and processed by the banks, yet have not been put back on the market. So is the...

Read more