Banks Continue to Fail

Banks continue to fail as three more lenders have gone down the tubes...that makes 149 bank failures this year alone!  Failure to approve short sales is definitely a factor...http://bit.ly/gxSNAH

New Arizona Short Sale Listing

New Arizona Short Sale Listing -- Mesa Home, tons of upgrades, sparkling pool, more!!

Rising Interest Rates Spells Trouble

Rising Interest rates spells trouble for more than just buyers, it's a major problem for the entire Arizona real estate market and national real estate market as a whole.  Buyers are the first ones seemingly affected as higher rates means less buying power, equating to less home sales and also less home sales at higher price points which help stabilize the market.

An increase in interest rates will effectively lower home values nationwide and think of the effect on the thousands of people who have ARM loans still -- many of these people are barely making their payments, what happens when their ARM resets and they can no longer afford to pay any longer?  Foreclosures and more short sales...it becomes a vicious cycle...http://bit.ly/eNO7mM

Foreclosure rates climbing

Foreclosure rates have hit an all time high and don't seem to be slowing down.  Numbers through October 2010 show foreclosure inventories over 7 times the historical average and this number doesn't even discuss short sales...http://bit.ly/fPOv3q

Scottsdale short sale home - New to Market!

Scottsdale short sale home new to market --  Just listed!...http://bit.ly/hu3Rfz

Short sale snafus -- what were they thinking?

Short sale snafus -- what were they thinking?

In our segment "Short Sale Snafus, What Were They Thinking???!!" we like to tell stories of how lenders can screw up a perfectly good deal and lose a ton of cash in a matter of moments....today's Short Sale Snafu tells the story of a lender losing big on a lakefront property...Read today's Short Sale Snafu

Mortgage Lenders suffer setbacks...

Mortgage lenders constantly suffering setbacks nationwide....these mortgage loan issues aren't just in Arizona, California, Nevada, & Florida...http://bit.ly/dCWQwu