In a new report released by data research firm Core Logic, the foreclosure rate in Phoenix has continued to fall.
|
|||||
|
The latest data from the Bureau of Labor Statistics shows Arizona enjoyed the 3rd highest spike in construction job growth in May, trailing only Texas and California. If you have an existing FHA loan on your primary residence and a fairly good credit score, you may be able to take advantage of the FHA Streamlined Refinancing Program, which eliminates many of the complex steps involved in a typical FHA refinance. No appraisal is required as long as the borrower reduces their payment [...] This revamped version of the Home Affordable Refinancing Plan shows promise for helping seriously underwater homeowners in Arizona. Read more… The Arizona Housing Department awarded $20 million in tax credits to 18 projects last week and has worked out deals for the projects to be completed in almost half the time. These credits are expected to save each developer approximately $1 million on new Arizona projects and encourage additional housing development over the next decade. [...] Between March 2011 and March 2012, U.S. homes sold to foreign buyers rose 24 percent, with 51 percent of the purchases by foreigners occurring in Arizona, California, Florida and Texas. Read more… According to the Standard & Poor’s/Case-Shiller home-price index, U.S. home values have declined for six consecutive months, but cities like Phoenix, San Diego and Miami are seeing prices rise. Arizona Republic: “Zipps Sports Grill has filed suit against the city, Planning and Development Department Director Debra Stark and Bethany 16th LLC, the owner and landlord of a central Phoenix shopping center where Zipps leases a location. The March 28 filing follows a months-long zoning battle involving a Z’Tejas restaurant proposed at the [...] If you have been following my Real Estate Law Blog posts you may have already read about some of the recent legal developments related to foreclosures and short sales in Arizona. However, in light of a new Court of Appeals case just decided last month, I felt it was time for a summary [...] By purchasing and holding tens of thousands of existing homes, investors have created a demand where little had existed and drastically reduced the inventory of homes for sale, which has helped boost prices over the past six months. The investors’ goal is to buy and rent out a large portfolio of homes and collect monthly [...] Arizona Republic: “Homeowners do not lose their legal protections against being sued for debt after foreclosure just because they have refinanced a mortgage, the state Court of Appeals has ruled. In a unanimous decision, the judges overturned a lower- court ruling that said Michael and Kelly Pasquan are liable for more than $1.9 [...] Arizona Republic: The newspaper created an online searchable calculator to determine home values in Maricopa, County, Arizona. “Click on any ZIP code on the map for statistics about home sales trends, or use the search box below. Our home sales information includes median sales prices for single-family houses in Chandler, Gilbert, Glendale, Mesa, [...] AZCentral: Alaska has a reality show about ice truckers trying to survive deadly hauls. New York has Donald Trump’s cutthroat competition to be his apprentice. And Georgia has Billy the Exterminator, who battles rodents and alligators. Soon, Phoenix will be the setting for a new reality show about one of the [...] ABA Journal: As the housing market continues to slide, the U.S. government is considering a mortgage refinancing plan and other options to help struggling homeowners. Many homeowners have been unable to refinance because they are underwater on their mortgages or their credit rating is tainted. Specifics of the plan are unclear, but [...] Phoenix Business Journal: New data from Arizona State University show foreclosures are becoming a smaller portion of the total home transactions in the Phoenix area. The report from ASU’s W.P. Carey School of Business shows foreclosures represented about 35 percent of the existing home transactions in the Phoenix area in May. That continued [...] AZ Central: When the Legislature passed a law in 2010 attempting to forbid cities from collecting delinquent water bills from landlords with four or fewer rental units, several cities found ways to still hold landlords accountable. Those cities were Glendale, El Mirage and Avondale. So the Arizona Association of Realtors, the lobbyists behind the bill, [...] |
|||||
|
Copyright © 2009-2013 C KEYTLaw's Law Blog, LLC - All Rights Reserved Powered by WordPress & Atahualpa |
|||||
Click to Follow Us!