Short Sale Plan Will Help Phoenix AZ Families
A major joint venture for Short Sales was announced late Tuesday (Oct.20). RE/MAX International issued this press release: Contact The Cutty Group of Re/Max Desert Showcase For More Info on This Short Sale Program 623-252-5591
Real Estate Leaders Unite to Reduce Foreclosures New Short Sale Strategy Designed to [...]
Two AZ “foreclosure rescue” firms to pay $1.37 million in fines, restitution
The Arizona Attorney General’s office has settled two mortgage fraud lawsuits for $1.37 million. Most of the money will go towards paying restitution to consumers who lost money to the “foreclosures help” firms.
Richard Winer, principal of the firm Taken Care of Investments, has agreed [...]
Report warns of reverse mortgages’ dangers
CHICAGO – A national consumer advocacy organization added its voice Tuesday to a growing chorus of concerns about the rapid growth of reverse mortgages, comparing the industry to subprime mortgage lenders.
The National Consumer Law Center noted in a report that the use of aggressive marketing techniques to sell a complicated [...]
Mortgage Rates Fall To 4.8%
Mortgage rates for 30-year fixed U.S. home loans fell for the second consecutive week, pushing borrowing costs to near record lows.
The average U.S. 30-year rate dropped to 4.87 percent from 4.94 percent last week. The 15-year rate was 4.33 percent, mortgage buyer Freddie Mac of McLean, Virginia, said today in a [...]
New law Makes Mortgage Fraud A Felony. $200 Million Fund To Prosecute Real Estate Fraud
New national legislation calls for setting up a $200 million fund to help states prosecute mortgage and real estate fraud cases.
Sen. Jon Kyl (R-AZ) is teaming with Charles Schumer (D-NY) to back the Fighting Real Estate Fraud Act of 2009, which [...]
Phoenix AZ Foreclosures fell slightly in September 2009
There are some positive signs coming from metropolitan Phoenix’s housing market. Foreclosures dropped slightly in September, while home prices inched up again.
• Last month, lenders foreclosed on 3,759 Valley homes, an almost 5 percent drop from August, according to the Information Market. It’s the second month in a [...]