Good old Wells Fargo is up to their tricks again. Only this time, they may be playing with fire. If you haven’t already heard, Wells Fargo instituted a policy that went into effect on 5/1/12. From now on, they are refusing to waive any deficiency rights for their Freddie Mac short sales. This, despite the…
Total sales for April ended up at 8,435, which represents a 4.9% decline compared to March. At the present time, there are only 10,184 homes that are currently active on the market in Maricopa County, which has approximately 1.4 million homes. Just 30 days ago, we had over 11,000 homes that were actively listed for…
If you’re facing the very real possibility of losing your home to foreclosure, you’re interested in solutions to your financial tension. A quick Google search tells you that a Phoenix short sale might be an effective foreclosure avoidance solution for your situation. Even better, there seem to be a number of prolific Phoenix short sale…
Unless your brain easily goes into overdrive, it’s probably tough to imagine willingly stepping into the line of fire and being shot at in exchange for a few bucks in hazard pay, shooting at people to defend American ideals. Our service members do this on a daily basis, and many of them are injured –…
Total sales for March increased by 1,620, which represents a 22.3% increase over February. At the present time, there are only 11,202 homes that are currently active on the market in Maricopa County, which has approximately 1.4 million homes. Just 30 days ago, we had over 15,000 homes that were actively listed for sale. The…
Yep, no typos in the title of this blog post. FHLMC (Freddie Mac) is actually charging my Phoenix short sale client a $1.00 “processing fee” for his HAFA short sale. Trust me, I had to read the email several times, and even asked the negotiator at Lender Processing Services (handling the BofA HAFA short sale)…
If you’re deep underwater on your Bank of America mortgage, B of A’s new principal reduction program might be just the lifeline you need to avoid foreclosure. Like many of the possible housing and/or mortgage fixes out there, it’s not for everyone. Homeowners considering a Phoenix short sale should look at this program as a…
Are you behind on your mortgage payment and fighting a losing battle as you try to prevent foreclosure? Have you reached the conclusion that the battle is over, and that all that needs to be determined is how badly your credit will be injured in the process? If so, recent changes to the Home Affordable…
Total sales for February of 7,249 represented a 12.3% increase from January. At the present time, there are only 15,648 homes that are currently active on the market in Maricopa County, which has approximately 1.4 million homes. This lack of supply is hurting the overall number of sales metric, but is helping the market in…
If you’re looking for a home in the Phoenix area, you already know it’s tough to find the right Phoenix home for sale. Guess what? More government meddling in the housing market is about to yank about 4400 homes off the “available” list, even though potential buyers are wrestling over the slim pickings available right…
