NEWS
Links to some of the most recent local news on the housing market, foreclosure, loan modifications, short sales and other workout requests.
Report: Foreclosures Climb in Arizona
ABC 15, August 14th, 2009
Foreclosure activity in Arizona climbed three percent in July compared to the month before, according to a new online report. In a Thursday news release, officials from the online marketplace RealtyTrac said there were 13,350 foreclosure filings in our state during the month. Click the link above for the rest of the article
Obama to expand foreclosure prevention program
ABC 15, May 14th, 2009
The Obama administration announced Thursday it's expanding the foreclosure prevention program to assist more homeowners. The program has already helped more than 55,000 homeowners to received loan modification offers, according to officials. Click the link above for the rest of the article
Foreclosure woes mount for those with good credit
AZ Family, May 28th, 2009
A record 12 percent of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit. And the wave of foreclosures isn't expected to crest until the end of next year, the Mortgage Bankers Association said Thursday. Click the link above for the rest of the article
Mortgage Expert: More Trouble Looms
CBS News, March 26th, 2009
A national mortgage expert said Arizona's housing market will get worse before it gets better."I don't think we're anywhere near bottom yet," Anthony Sanders said. Click the link above for the rest of the article
Mortgage Deliquency Rate Hits All Time High In 2nd Quarter
CBS News, August 17th, 2009
The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning to turn the corner.Click the link above for the rest of the article
Homeowners Facing Foreclosure Sets Record
CBS News, May 28th, 2009
More homeowners with fixed-rate mortgages and good credit are on the brink of foreclosure.Across the country, the Mortgage Bankers Association said Thursday that 12 percent of homeowners are behind on their mortgage payments or are already in foreclosure. Click the link above for the rest of the article
Housing market may be near the bottom
AZCentral.com, July 30th, 2009
Has the local real estate market hit bottom? That's what everyone wants to know. The Valley housing market is "near the bottom," according to a Grubb & Ellis BRE Commercial report updated this past week. Click the link above for the rest of the article
Report: Foreclosures Climb in Arizona
ABC 15, August 14th, 2009
Foreclosure activity in Arizona climbed three percent in July compared to the month before, according to a new online report. In a Thursday news release, officials from the online marketplace RealtyTrac said there were 13,350 foreclosure filings in our state during the month. Click the link above for the rest of the article
Obama to expand foreclosure prevention program
ABC 15, May 14th, 2009
The Obama administration announced Thursday it's expanding the foreclosure prevention program to assist more homeowners. The program has already helped more than 55,000 homeowners to received loan modification offers, according to officials. Click the link above for the rest of the article
Foreclosure woes mount for those with good credit
AZ Family, May 28th, 2009
A record 12 percent of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit. And the wave of foreclosures isn't expected to crest until the end of next year, the Mortgage Bankers Association said Thursday. Click the link above for the rest of the article
Mortgage Expert: More Trouble Looms
CBS News, March 26th, 2009
A national mortgage expert said Arizona's housing market will get worse before it gets better."I don't think we're anywhere near bottom yet," Anthony Sanders said. Click the link above for the rest of the article
Mortgage Deliquency Rate Hits All Time High In 2nd Quarter
CBS News, August 17th, 2009
The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning to turn the corner.Click the link above for the rest of the article
Homeowners Facing Foreclosure Sets Record
CBS News, May 28th, 2009
More homeowners with fixed-rate mortgages and good credit are on the brink of foreclosure.Across the country, the Mortgage Bankers Association said Thursday that 12 percent of homeowners are behind on their mortgage payments or are already in foreclosure. Click the link above for the rest of the article
Housing market may be near the bottom
AZCentral.com, July 30th, 2009
Has the local real estate market hit bottom? That's what everyone wants to know. The Valley housing market is "near the bottom," according to a Grubb & Ellis BRE Commercial report updated this past week. Click the link above for the rest of the article
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