Prices Slashed on Phoenix Foreclosures

June 8, 2008

Is it 2005 all over again? It sure fells like it when it comes to the Phoenix’s real estate foreclosure properties for sale.
From AZCentral.com – Lenders stung by the housing bust are slashing prices dramatically to rid themselves of an unprecedented number of foreclosed properties, sparking bidding wars in some places that harken back to [...]

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Despite Slow Gilbert, AZ Real Estate Market, Santan Bustles

June 4, 2008

Looks like the commercial real estate developers still like Gilbert even though residential real estate hasn’t rebounded yet. 
From the East Valley Tribune  – More shops and offices are on the horizon for Gilbert, as commercial builders chug away at new developments despite the slowed real estate market.
More than 50 projects – totaling $700 million – are [...]

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Lose Your Home & Rent it Back

May 27, 2008

An interesting bill was introduced before the Arizona State Legislature this week. 
From azcentral.com … U.S. Rep. Raul Grijalva, D-Ariz., with help from the left-leaning Center for Economic and Policy Research, introduced a bill earlier this week that would allow homeowners who default on their mortgages to remain in their homes by renting them from the lender indefinitely.
The [...]

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Choosing the Right Neighborhood Tip #3 – Swimming Pool Barrier Laws

May 24, 2008

Ok, so I’m changing the order of the Choosing the Right Neighborhood Tips and adding a new tip.  As a father and long time resident of the valley this is something that is very close to my heart.  Summer is upon us and in Arizona that means backyard barbecues, trips to lake, tubing down the [...]

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Choosing the Right Neighborhood Tip #2 – Neighborhood Safety

May 21, 2008

One of the more frequently asked questions I hear from people shopping for a new home is how safe is the neighborhood.  Thanks to the Internet there is a wealth of information at your finger tips to help you evaluate prospective neighborhoods.  
Crime statistics, while an imperfect measurement at best, nevertheless provide some indication of [...]

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Foreclosure Games

May 19, 2008

“Please, submit your highest and best offer”. That is what the banks real estate agent said today when I asked about the status of an offer my client submitted on a foreclosure home in Buckeye, AZ.  We were also informed that there were a total of twelve offers for the home.
As is the case with [...]

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