Phoenix AZ Housing Options
The Phoenix area may be in the Southwest, but it offers a lot more than Southwest-flavored houses and neighborhoods.
While there are many neighborhoods featuring stucco homes with tile roofs, there are also historical houses with mature trees, homes from the post-World War II boom years, homes in desert areas and luxurious mansions.
One [...]
Phoenix Foreclosure Real Estate Market News
Foreclosed homes accounted for 37 percent of the total activity in the Phoenix metro real estate market in July — down from February when foreclosures represented 51 percent of the sales. But despite the drop, foreclosures continue to play a major role, signaling that the market has a ways to [...]
How to Understand Second Mortgages
The difference between a first and second mortgage is simple. A first mortgage is taken out for the purchase of the home, while a second mortgage is taken out on any residual value between the outstanding loan balance and the value of the home.
Usually, homeowners will take out a second mortgage [...]