| It may not be a total scam,but many people who bought homes last year are receiving letters that imply you should buy a copy of your property deed. The problem is this company is charging $157 to get a copy of the deed to send you. Why is this a problem? You got one [...] I got an email from a confused,concerned prospective buyer today. I am quoting a little of it here. “I am seeing so much garbage on the market, foreclosures,tax sales,short sales,auctions,that my head is spinning. With me not being in a hurry because of my age I can’t help but wonder [...] U.S. News &World Report said in an article on September 24,2010 that the Phoenix area was the number 1 place to buy a retirement home. You can read the article here. The writer was investigating locations in the United States where you can buy a home for less than $600 a month. The [...] People trying to sell a home today ask me,“Why do I have to sell such a low price”? The answer is at once simple and complex. The Phoenix AZ market is currently driven by the lenders selling foreclosed properties. In addition,there are many people who face foreclosure. Currently there are over 40,000 notices [...] The Phoenix area real estate is rising from the ashes just like its namesake,the mytical bird. The lowest priced homes,under $100,000 are selling withind a few days,often with multiple offers. Bank owned homes,(REO) ar also selling very well. REO new listings have been averaging 4,000 per month. Pending sales in this [...] Who can imagine the sheer terror the young men who invaded Normandy 65 years ago felt? I quake to simply think of it. I live and work in Sun City AZ,and am honored to know some of the men and women who fought the battles of WWII. It is my honor to know and [...] Pending home sales are up 7% nationwide. Credit Suisse reports real estate buyer activity is up 20-28% in the Phoenix market. Much of the activity is first-time buyers and investors. I have said often it is the first-time buyer who will lead the way and get us out of this recession. Investors are paying [...] The real estate market in Sun City is continuing to show signs of recovery. We have 708 active listings,107 of which were sold in the month of May. The resulting absorption rate is 6.16 months of inventory. As I have said before,6 months of inventory is a balanced [...] The Consumer Confidence Index improved 14% over the low in February. I have said for a year that confidence,more than anything else except affordability creates housing demand. Both measures are excellent today. Nationally and locally,resale inventory is dropping(5% in the Phoenix metro,I’ll post June 1 with more detail on Sun City [...] When buying a home in today’s market,you MUST be concerned about MORTGAGE FRAUD. Not only the FRAUD FOR PROFIT that many have experienced,but the FRAUD FOR HOUSING. Yes,if you lie,or are encouraged to lie in the mortgage application,that is FRAUD. It is both a Federal and Arizona FELONY. Your buyer’s [...] | |