Are Lenders Holding Back REOs?

by kramoltz@hotmail.com | Feb 28, 2015 | Foreclosures + Short Sales

In normal market situations, a bank will repossess a home and usually get it to a Realtor for listing in the local Multiple Listing Service in as short as 30 days. Therefore, in a relatively short period of time, virtually every marketable lender owned property (a...
Foreclosures and Equity in Arizona – How do we Rate?

Foreclosures and Equity in Arizona – How do we Rate?

by kramoltz@hotmail.com | Feb 28, 2015 | Foreclosures + Short Sales

The West has been a leader in the number of foreclosures in the United States in first half of 2009. But have things changed? What about the amount of equity in homes? How much have Arizona homeowners lost, and how does that compare to our neighbors? First, in...

The Rules have Changed – Frustration in a Buyers’ Market (Part 1).

by kramoltz@hotmail.com | Feb 28, 2015 | Foreclosures + Short Sales, Real Estate Facts & Figures

Arizona’s residential real estate market is schizophrenic right now – a dichotomy of healthy sales in some segments versus years on the market in others. The good news is that lower sale prices overall have allowed buyers once priced out of the market to enter...

How does Arizona Rate – Nationwide Foreclosure Rankings.

by kramoltz@hotmail.com | Feb 24, 2015 | Foreclosures + Short Sales

Although there are monthly variations in the number of foreclosures around the country, it is usually not difficult to figure which states will be the leaders. Arizona continues to rank in the top three, but there are a few surprises in the national distressed sale...

Are There Foreclosures in Scottsdale?

by kramoltz@hotmail.com | Feb 24, 2015 | Foreclosures + Short Sales

Long largely immune from the fluctuations in the greater Phoenix market, Scottsdale has not been able to avoid the current adverse conditions. At one time the opinion that homeowners in the “Beverly Hills” of Arizona would lose property by foreclosure in significant...

Buyers are Increasingly avoiding Distressed Properties

by kramoltz@hotmail.com | Feb 24, 2015 | Foreclosures + Short Sales, Home Buying

Buyers have discovered that it is not necessary to purchase a distressed property to obtain a great deal these days. According to its November 2008 survey, Harris Interactive reported that the number of buyers willing to consider the purchase of a bank owned property...
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