Arizona Home Talk

Bank-Owned Properties Drive Market

  Valley home-owners who are trying to sell have some steep competition these days: motivated lenders.  A little more than 49 percent of all the resales recorded in Pinal Country in March were bank-owned properties, according to RL Brown’s Phoenix Housing Market Letter.  These “REO” - real estate owned - homes that have gone back to [...]

Best Places to Get Foreclosure Deals

In markets where housing appears to be stabilizing, buying a foreclosure could be a very good deal. Forbes magazine has analyzed the country’s 100 largest metro areas and then differentiated among inexpensive foreclosure markets and those that were undervalued. For instance, there are plenty of homes going for practically nothing in Detroit, but the chances of recouping [...]