Arizona Home Talk

NEW Short Sale advisory handout!

It’s HERE! A great resource for learning about all your options before you list your home as a short sale.  Also, if you are considering a loan modification, refinance, foreclosure - there are helpful links in this packet for you too! This form was made with the client in mind - www.aaronline.com/documents/ssseller_advisory.pdf It was put together by the [...]

City of Phoenix $15,000 downpayment grant program

Here is the scoop about a program I get asked about a lot.  Many mortgage lenders and real estate agents will tell you this program isn’t a viable option.  Two main reasons seem to prevent it from happening - 1) banks won’t accept offers 1% below appraised value 2) the 8 hour class the buyer must [...]

What is a HUD Repo home?

What is a HUD home? If a loan that is insured by the Federal Housing Administration (FHA) goes into default, the lender must take steps to collect on the loan.  This may result in the lender taking possession of the Real Estate Collateral.  If this occurs, the lender may submit a claim against the FHA insurance [...]

The Bottom?

Have we reached the bottom of the nasty green pool that has been the Phoenix Real Estate market for the past 3 years? I have been so busy with home buying clients I have not had the time to write 1 new post in the past month! Shame on me. Typically this blog is updated at least [...]

They Took Everything. A Stripped House.

People often ask me if all foreclosures are in horrible condition. The answer is no. I’ve seen perfectly fine bank-owned houses. The former owners are NOT supposed to take ceilings fans, light fixtures and appliances - but those are the 3 items that most commonly disappear with the former-owners. But this house was [...]

Auction Results from Phoenix Convention Center

I attended the REDC auction with homebuying clients on July 13th, 2009.  The day before the auction I let my clients inside each house scheduled to be auctioned with my special REALTOR key.  We saw 8 homes and they decided to bid on 5 and they got 1! REDC was auctioning off 400+ homes/condos/land I arrived at [...]

Ugly House Award

I went to see this bank-owned house for sale for one reason - I thought it was a great deal. IF you can get over how ugly it is from the exterior. To see the “bird eye view” map of this house and amazing lot - click here. $369,900 (117 price per square foot) 3,159 square feet [...]

Southeast Valley Foreclosures $100-200,000

Curious what $100,000-$200,000 can buy you in Tempe, Chandler, Mesa or Gilbert? Looking for a real steal? Check out these foreclosures (AKA bank-owned, repo, REO) properties on the map below. Also, while you’re here, you may want to read my post on the pros and cons of buying a foreclosure. - Becky

PROS and cons of buying a foreclosure

  THINKING ABOUT BUYING FORECLOSURE? It’s no secret that foreclosure properties (AKA bank-owned, repos, real estate owned) are making up about 40% of all home sales lately.  It’s also obvious why - these are incredible deals.  Thinking about buying a bank-owned foreclosure? Here are some pros & cons to think about. Let me know if I [...]

Video: The Credit Crisis - Visualized

This video breaks down the mess we are in. Most people understand parts of this - but in 10 minutes you could understand the entire domino effect that has taken place. I feel smarter for watching it and wanted to pass it on. Props to the creator of the video Jonathan Jarvis [...]