Articles about arizona

Home buyers trying their best to qualify to get a irregular tax credit added to the increment of sales of homes in the Western part of the country. During August this figure was almost 5% greater than last year’s figure. The situations have been aggravated due to the foreclosures in California, Arizona and Nevada. The [...]

The proposal of $75 billion foreclosure crisis plan by Barack Obama drew mixed remarks from Arizona politicians. Arizona Attorney General Terry Goddard, a Democrat, said that Obama’s housing prescription was solid and predicted Arizona will be one of the greatest beneficiaries. He added that Arizona is desperately in need of the kind of lifeline [...]

On Wednesday, President Barack Obama unveiled a plan to cut the mortgage payment for millions facing foreclosure in a multi-billion-dollar effort to slow a key driver of the US financial meltdown.
A day after he signed the huge 787-billion-dollar stimulus package into law, Obama planned to put forward his strategy to battle the housing [...]

A third of Tucson Homes sold last year went for losses as the number of foreclosures continued to rise, deteriorating the value of homes in Southern Arizona as reported by Seattle-based Zillow.com on Tuesday.
The median values of homes in Tucson metro area fell to 13.3 percent in 2008 to $179,311 as reported by real estate [...]

Foreclosures have affected renters in a major way. The case of Mark Heslin is an indicator. He was unfortunate to see both the properties he was renting, facing foreclosure. Such cases run rampant today in the real estate markets of Phoenix and others. In Phoenix, renters are forced to move out as soon as the [...]

About $1.5 million is expected to be invested in reasonably-priced housing bond funds by Pima County. It is a step towards safeguarding regions and neighborhoods severely affected by the foreclosure crisis. A vote of agreement was passed by the Board of Supervisors, this Tuesday to this effect.
The bond funds are to be utilized along with [...]

Rim County is no exception to foreclosure. However, the condition of real estate in this county is not as bad as is the condition with Valley where the rate of foreclosure jumps almost every month. It has been found that nearly 2.5 percent of the central Arizona properties for sale are in a state of [...]

Usually, when distressed homeowners abandon a property when they are unable to keep up with mortgage payments, the lender takes over possession. The home is then rapidly disposed of through foreclosure auctions so that the losses are minimised and unpaid dues recovered.

Recently however, more and more abandoned houses are being shunned by the lenders [...]

California had the highest number of properties facing foreclosures with 64,683 foreclosed homes and the number being on rise as well. The rate of increase had occurred by 112% from April 2007. However, the number of properties facing foreclosure, have a declining rate which has been less than 1% in fact! The state had also [...]

California is in the leads currently with its foreclosure rates soaring way higher than the rest. One out of every 204 households in California now is in some way or the other related to foreclosure. According to a report from RealtyTrac, the rate is just half the total that it used to be in March. [...]