For the first time this year, the Phoenix area saw a jump up in the single-family-home foreclosure rate. A new report from the W. P. Carey School of Business at Arizona State University shows 31 percent of the existing-home transactions in the market were foreclosures in August (asu news ).
At the same time, we’re seeing a jump in… Continue reading
Foreclosure drive reports play an important role in the process of buying properties at trustee sale
With an average of 250 Maricopa County trustee sale auctions around the valley lately, our trustee sale clients look to us for drive reports to help decide on the best trustee sale properties to purchase.
Nearly half of Arizona homeowners owe more on their mortgage than their homes are worth. While there are options, such as refinancing at a lower interest rate, that still doesn’t solve the problem of owing much more than what the home is worth. Perhaps the best option for many homeowners and lenders is a short sale.
Lenders are often… Continue reading
Buying a property at a trustee sale or auction can be a great way to locate investment properties, but potential buyers often don’t realize how grueling and time-consuming the research and bid process is until it’s too late. When it comes to buying at trustee sale auctions, enlisting professional help is not only smart, but often necessary in order to stay on top of this always-changing market. Here are five reasons why you should enlist the help of a real estate professional during the volatile and confusing trustee sale auction process. Continue reading