Free Phoenix MLS. Phoenix Real Estate. Phoenix AZ Foreclosures

Phoenix One of the Worst Places to Retire NOT TRUE!

admin — Thu, 08 Sep 2011 16:25:03 +0000

Report Calls Phoenix One of the Worst Places to Retire…NOT TRUE!

PHOENIX – The Phoenix metro is named one of the worst cities in the country to retire — and you can blame it on the housing market. (see video interview below)

The valley used to be the place to retire — at least part of the year, because of our wonderful weather.

But now, some financial experts say the Phoenix housing market seems too gloomy.

Everywhere you look across the valley, there’s another house up for sale, and realtor Bette Zerba says a lot of those sellers will lose money.

“For those people that were thinking that their home was their retirement, I feel for them, because prices have come down dramatically at least 30 percent at least in Sun City areas,” says Zerba.

It’s also the main reason why Phoenix has been named one of the worst places to retire in the country, according to the fiscal times.

The other four places include: Las Vegas, Nevada, and Clark County in general; Davenport, Florida; and the Laguna Woods Village in Orange County, California.

A leading valley real estate professor says he doesn’t see the valley turning around for many years down the line.

Zerba agrees, and says retirees looking to sell are vulnerable.

“Right now they’re in the same predicament as a lot of people in the Phoenix area. If they did purchase after 2004, 2005 they are upside down, there’s no question about it.”

However, there’s a silver living in all this.

“The bright side of the coin, for those who truly want to do some cherry picking and get incredible buys, now is the best time in the world.”

There are 916 active listings in Sun City, Bette Zerba, Re/Max Realtor says

Chateau On Central Open To Buyers At Reduced Rate

admin — Fri, 31 Dec 2010 17:55:59 +0000

Chateau On Central Open To Buyers At Significantly Reduced Rate. Save millions!

The brownstone development, Chateau on Central, at Palm Lane and Central Avenue this month opened to buyers again after months of construction led by the developer, MSI West Investments.

MSI West Investments bought the property this year for $7 million after efforts to sort out the bankruptcy of Mortgages Ltd.

Luxury homes

The 21 homes in this development are three stories and include a basement or wine cellar. They also include high-end amenities such as granite countertops, elevators and terraces.

Price point

Most homes include about 5,200 square feet of space, but one home has up to 8,200 square feet.

These luxury homes were originally priced at more than $2.8 million, but since MSI West Investments bought and has worked on finishing the homes, the price has been slashed in half to about $1.4 million.

Home business

The homes, which are near the Phoenix Art Museum and Heard Museum, are made for mixed-use. This designation allows owners to operate offices or businesses in the homes.

Call Us Today For A Viewing Appointment of Chateau On Central 602-791-1766

Gay and Lesbian Friendly Neighborhoods in the West

admin — Wed, 15 Dec 2010 19:45:10 +0000

Gay and Lesbian Friendly Neighborhoods in the West

Bette Zerba
Peoria, Arizona

Like most urban-to-rural homeowners, Bette Zerba wanted the quiet and safety of a smaller neighborhood. The Realtor and her partner, Bonnie Burns, picked their Peoria home because it’s 25 minutes from downtown Phoenix, and a world away in privacy. With homes going for about $150,000 to $215,000, the price didn’t hurt either.

“You feel like you’re living in a resort town all the time,” says Zerba, 54. “I love the weather, and it’s very safe. This is a family-oriented place, with lots of kids, and Halloween is a big deal at our home. We make the kids dance to “Thriller” before they can have candy, and they love it.” The Southwestern-style home was built in 1993. As for being gay, “We’re called ‘The Girls,’” says Zerba. “We have several police officers in the neighborhood and feel very safe.”

Source: By David Toussaint, FrontDoor.com | Published: 11/18/2010

The Cutty Group Real Estate Duo Featured in West Valley Magazine

admin — Wed, 27 Oct 2010 16:41:53 +0000

The Cutty Group Real Estate Duo Featured in WestValley Magazine

The article will be published in December in the West Valley Magazine. But here is you sneak peek!

If Trisha Brooks and Bette Zerba have a niche, it’s fun. They call themselves the Cutty Group, a name that sprung from a Whoopie Goldberg comedy that featured a bottle of Cutty Sark. The two are known to dress in “theme,” and they’re always laughing. They are
with Re/Max Desert Showcase in Peoria, but they work Valley wide, as “Biltmore Bette” is sure to tell you.

When asked, “Why partner up?” Trisha explains: “The foreclosure market has created a situation where there is just too much work for one person. It is a way to divvy up responsibility and expenses.” Sometimes property improvements will cost the team upwards of $2500. Spreading the upfront investment between two is more manageable.

And why partner with a woman? Trisha says she’s seen real estate partnerships break up when they become unbalanced, and that a true partnership has no head. Women see the value of true partnership. They are less likely to let ego get in the way. “For us, it’s not about winning as an individual, but for doing what’s best for the team. We work hard and we play hard. We talk each other through our differences when we are coming from a different point
of view.” Read full article: In The News:

Free Phoenix MLS Search

Includes Every Phoenix Foreclosure, Short Sale, Bank Owned Home Listings. Over 70,000 listings

Phoenix Foreclosures MLS Search
Peoria Foreclosures MLS Search
Glendale Foreclosures MLS Search
Surprise Foreclosures MLS Search
Scottsdale Foreclosures MLS Search
Goodyear Foreclosures MLS Search
Mesa Foreclosures MLS Search
Sun City Foreclosures MLS Search
Chandler Foreclosures MLS Search
Buckeye Foreclosures MLS Search

Luxury Glendale AZ Home Reduced to $499,900 for Quick Sale

admin — Thu, 05 Aug 2010 16:48:08 +0000

Luxury Glendale AZ Home Reduced to $499,900 for Quick Sale

*REDUCED FOR QUICK SALE* EXECUTIVE SEMI-CUSTOM HOME IN GATED THUNDERBIRD RANCH. OVER 4000 SQFT WITH FOUR BEDROOMS,& AN OFFICE AND FOUR FULL BATHROOMS. BEAUTIFUL PROFESSIONALLY CUSTOM PAINTED FLOORS. NEW CARPET AND PAINT, CERAMIC TILE IN KITCHEN AND HIGH TRAFFIC AREAS. KITCHEN HAS CULTURED STONE COUNTER TOPS, JEN-AIR DISHWASHER, GAS TOP STOVE, OVEN, MICROWAVE, SIDE BY SIDE KITCHEN AID REFRIGERATOR, BREAKFAST BAR, PULL OUT DRAWS IN CABINETS, LARGE DINING IN KITCHEN,. FORMAL DINING AND LIVING ROOM, LG FAMILY ROOM HAS GAS FIRE PLACE. PLANTATION SHUTTERS T/O HOME. MASTER BEDROOM HAS GAS FIRE PLACE AND PRIVATE EXIT TO PATIO. LARGE MASTER BATHROOM HAS HIS AND HER CLOSETS, HIS AND HERS SINKS, JETTED TUB AND SEPERATE WALK-IN SHOWER. HUGE BACKYARD WITH POOL. LG RV GATE, CORNER LOT & THREE CAR GARAG

Search the entire phoenix metro area foreclosure properties for sale

Phoenix Bank Owned Home $27,400, AZ 85033

admin — Thu, 05 Aug 2010 16:41:49 +0000

Great Phoenix Bank Owned Home $27,400, AZ 85033

WOW WHAT A BUY!!! HOME FEATURES OVER 1,200 SQFT, 3BR, 2BA, 2CG, DIVING POOL, BIG BACKYARD AND PATIO. BRING YOUR IMAGINATION. THIS PROPERTY IS SOLD ”AS-IS”. All cash offers are eligible for an expedited closing, pending clear title and/or hazard claim resolution, of approximately 15 business days. Property is sold AS-IS including any existing appliances, plumbing, heating and air conditioning and electrical systems.

Search the entire phoenix metro area foreclosure properties for sale

Bank Owned Condo $22,900. Phoenix, AZ 85051

admin — Thu, 05 Aug 2010 16:36:57 +0000

Great Buy On A Bank Owned Condo $22,900. Phoenix, AZ 85051

WHAT A BUY!!! THIS IS A 2BR/1BA CONDO ON THE GROUND LEVEL. NEAR METRO CENTER AND THE I17. GREAT & CLEAN COMPLEX OFFERS A SPARKLING POOL AND HEATED SPA AND ON-SITE LAUNDRY. NEEDS SOME WORK. HOA INCLUDES ONSITE MASTER CHILLER A/C, WATER, SEWER, GARBAGE, POOL AND AREA MAINTENANCE. All cash offers are eligible for an expedited closing, pending clear title and/or hazard claim resolution, of approximately 15 business days. Property is sold AS-IS including any existing appliances, plumbing, heating and air conditioning and electrical systems. BUYER TO VERIFY ALL LISTING DETAILS INCLUDING HOA.

Search the entire phoenix metro area foreclosure properties for sale

New AZ Real Estate Laws Help Homeowners

admin — Wed, 12 May 2010 16:20:55 +0000

Several pieces of important Arizona legislation that would have slowed foreclosures and potentially aided in the recovery of the housing market died in the recent session.

But some key bills did survive, and the new laws will help.

• Senate Bill 1130 regulates the growing number of foreclosure consultants working with homeowners. This legislation makes it illegal for foreclosure consultants to collect upfront fees from homeowners.

Consultants must also disclose all fees through a signed contract, which a homeowner can cancel up to three days after signing. The bill gives homeowners the right to recover damages from foreclosure consultants and state and county prosecutors the ability to file criminal charges against any consultant or firm that breaks the new law.

Arizona Attorney General Terry Goddard, as well as other state housing advocates and regulators, have pushed for more licensing and regulation of foreclosure consultants due to scams that are costing homeowners their savings and home.

• House Bill 2242 helps protect senior homeowners from reverse-mortgage scams. The law requires a mortgage broker to provide the borrower with a list of housing counselors and an explanation of all fees and total repayment costs of the loan prior to closing.

• House Bill 2479 requires more identification from buyers of foreclosure properties. The law requires foreclosure documentation to contain a name and contact information of the person responsible for the property. This information will help cities contact someone to take care of vandalism and maintenance on foreclosures.

Home prices

Phoenix is one of 91 cities out of 152 to post an increase in home prices during the past year.

Results from the National Association of Realtors’ latest survey, released Tuesday, show existing-home prices climbed 9.1 percent in the Phoenix area for the year ended March 31.

The region’s median price climbed to $140,900.

Read more: http://www.azcentral.com/arizonarepublic/business/articles/2010/05/12/20100512biz-catherine0512.html#ixzz0njTcBJo5

Search the entire phoenix metro area foreclosure properties for sale

Phoenix Home Prices Up

admin — Wed, 12 May 2010 16:11:40 +0000

Phoenix Home Prices Improve

Phoenix is one 91 cities out of 152 across the country to post an increase in home prices during the past year.

Results from the National Association of Realtors latest survey, released Today, show existing home prices climbed 9.1 percent in the Phoenix-area for the 12 months ended March 31st. The region’s median price climbed from $129,200 to $140,900
during the period.

“Buyer confidence is back, and home buyers have long-term views,” said National Realtor President Vicki Cox Golder, who is a Tucson real estate agent. “The typical buyer plans to stay in their home for 10 years, so we’ve put the flipping mentality behind us.”

She said more people are buying with plans to hold onto homes for 10 years or longer.

The shift in mindset among buyers, particularly in metro Phoenix, is key to the area’s housing market recovering.

Some other cities that experienced home price booms and crashes during the past six years didn’t fare as well as metro Phoenix. Home prices are down 15 percent in Orlando and 11.8 percent in Las Vegas.

Even more stable housing market are posting declines in home values. Chicago’s home prices dipped 5 percent during the 12 months tracked by the Realtor report. Albuquerque home prices are down 4.6 percent. and Seattle saw a 4 percent decline.

Source: http://www.azcentral.com/members/Blog/CatherineReagor/82038

Search the entire phoenix metro area foreclosure properties for sale

What Happens in a AZ Foreclosure

admin — Thu, 29 Apr 2010 17:41:59 +0000

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 with the Maricopa County Recorder’s Office. At that point an auction date is set, but the date can be moved or canceled by the lender de- pending on negotiations with the borrower.

The trustee is charged with providing the homeowner information on the pending trustee sale (foreclosure sale) of their home. If the homeowner files bankruptcy, the foreclosure sale is usually delayed.

If the foreclosure auction occurs as scheduled, an opening bid for the home is posted at least a day before the auction. Traditionally, opening bids requested by the lender were for the amount owed on the mortgage. But after the huge drop in Phoenix-area home prices, lenders are dropping their opening bids to far below what is owed on the home so they don’t have to take the house back, evict the homeowner and hire a real-estate agent to resell the home.

All Valley foreclosure auctions used to be held at the county courthouse. But as the number of foreclosures has climbed, auctions have expanded to the offices of lenders’ trustees.

Now, as many as five foreclosure auctions are held a day in metropolitan Phoenix. The main auction on the courthouse steps starts at noon. Auctions in the law offices begin at 9 a.m. Arizona statute requires bidders to bring a $10,000 cashier’s check to participate.

Trustees hire auctioneers to handle the bidding. Lenders don’t allow homeowners to bid on their own houses.

Due to the backlog of foreclosure homes and pending loan modifications, dozens of trustee sales are postponed every day. Homeowners are typically contacted by trustees about the postponement of the trustee sale on their property. But sometimes postponements are only listed on the Web site of the group the lender hires to sell its foreclosure homes or only announced by auctioneers right before the scheduled auction.

The winning buyer must pay the full amount of the bid by the end of the next business day. Unsuccessful bidders receive their $10,000 deposits back.

The home’s new owner can then begin evicting the former owners if they are still in the home. Someone who lost the home in a trustee sale has five days after being notified by the new owner before the forcible eviction process begins.

On the sixth day after the foreclosure auction, the new owner can file in local or county court for a forcible eviction. If the former homeowners want to fight the eviction, they can appear in court. But if they lose, the new owner can request the Maricopa County sheriff to send a constable to evict them.

Last year, the Maricopa County Sheriff’s Office handled 1,416 forcible evictions.

Source: The Arizona Republic

Search the entire phoenix metro area foreclosure properties for sale