Losing your home: What Happens in a AZ Foreclosure
When a homeowner falls behind on at least three mortgage payments, a lender will usually initiate foreclosure proceedings.
In the first step, the lender hires a trustee to handle the foreclosure and ensure that the process follows Arizona laws.
In metropolitan Phoenix, a notice of trustee sale is filed [...]
Arizona No. 4 For Mortgage Fraud
Arizona now ranks fourth for mortgage fraud nationally. It’s the first time the state has cracked the top five for the problem, according to data released this week from the Mortgage Asset Research Institute.
Florida, New York and California (in that order) rank ahead of Arizona in 2009 mortgage-fraud cases. The [...]
First-time homebuyer rebate expires April 30
When the clock strikes twelve on Friday night, a key incentive driving Valley new-home sales will go the way of Cinderella’s horse-drawn carriage.
A federal income-tax rebate of up to $8,000 for first-time homebuyers, and a later-approved rebate of up to $6,500 for some repeat buyers, no longer will be in [...]
Gilbert, Queen Creek Housing Permits Spike
Gilbert and Queen Creek saw big upward spikes in the number of single-family housing permits issued in the first two months of 2010, in large part due to tax credits that end Friday.
Gilbert’s 260 permits during the first two months of the year were up dramatically over 81 during the [...]
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