Home builders have been out of the picture for the past couple of years. They could not match the outrageous prices banks were selling foreclosed properties for.
Recently we started getting some calls from builders trying to get back in the game. To compete with the banks they are trying “no-down” seller financing, special terms etc.
It [...]

As you probably know, HUD had a minimum hold time on a property of 90 days before it could be sold (to avoid “quick flips”).The minimum hold meant that FHA would not insure a property sold in a flip of a shorter hold time.
Needless to say this strange and arbitrary limitation did not help people [...]

Many of you may know by now that Arizona governor Jan Brewer signed HB 2008 on September 4th 2009. HB 2008, among other things, repeals SB 1271 which called for adverse changes to Arizona’s anti-deficiency laws.
Thus Arizona’s anti-deficiency is as strong as it was before SB 1271.
We had a tele-seminar with an Arizona attorney regarding [...]

Although I am not an attorney, I have been talking to attorneys and the message I get regarding short sales is always: Beware!
Many of us are using loss mitigation experts to assist us in attempting to short sell properties we wish to dispose of that are underwater.
There is a notion, which is mistaken, according to [...]

A couple of months ago we held a tele-seminar with attorney Bill Kozub out of Phoenix, AZ.
Bill talked about the anti-deficiency law in the state of Arizona and how it is quite generous in protecting the borrowers against deficiencies in many cases when it relates to single family homes on regular sized lots (under 2.5 [...]

We got this from Ofir Levy, our Phoenix east-side broker and manager.
This is an article by Nicholas Riccardi from 5/18 published in the LA Times.
As we have been discussing, the low price-point in Phoenix is starting to stir up interest on the part of both homeowners and investors.
Some of the push has been provided by [...]