| |
Foreclosures and Short Sales
If your bank has started the foreclosure process, or if you're concerned that your current financial circumstances might eventually lead to foreclosure, we're here to help.
We specialize in helping homeowners in all types of situations stop or avoid foreclosure. With a track record of over $20 million worth of real estate processed in 2009 alone, we are confident we can help you through a combination of our proven methods, honest and straightforward communication, and experience in working with today's lending industry. |
Foreclosures & Short Sales in the News
The Real Estate Market in Phoenix, Arizona is One of the Hardest Hit by Recession
Phoenix has been one of the fastest growing housing markets in America for about fifteen years running. As one of the west's boomtowns, along with San Diego, Tucson, and Las Vegas, Phoenix has been no stranger to sprawl, and the "bubble effect" of churning out huge (overinflated) derivative mortgage values for Wall Street. Well, almost nowhere else has that inevitable bursting of the big dream bubble been more apparent than right here in the Valley of the Sun.
According to the Case/Schiller Home Price Index for Greater Phoenix, home prices (median) increased by 20.6% in 2004, 44.9% in 2005 and -0.3% in 2006
and having been declining steadily in the last two years. Some home values have decreased by 40-60% and more. Take a look at an MLS for Phoenix, and you'll find homes for $50,000, even around $20,000 that two or three years ago were fetching $150,000 to $300,000, even in this market generally rated as "fairly valued".
Greater Phoenix real estate trends for resale homes, condos and town-homes from ASU Polytechnic data, and graphed by Artur Ciesielski, CCIM, show that overall home sales increased dramatically in 2003 and 2004 - about 75,000 and 100,000 home sales, respectively - preceding a steady dropoff in home values by the beginning of 2007. Market forces such as oil and food prices, the consumer spending index, a war economy heading for the brink of disaster, massive job losses, etc. has only worsened the slumping housing market. |
| source: hubpages.com |
|
Free Consultation on the Foreclosure
Hotline
602-377-0021
|
Loan Modification FAQ
Short Sale FAQ
Popular Links
Home Foreclosure & Debt Cancellation
www.irs.gov
Stop Home Foreclosure
Resource
|
|