credit: Dru Bloomfield – At Home in Scottsdale and Altos Research In looking through the Altos Research charts for Scottsdale real estate today, you can see we have headed into another downturn in the market over the last several weeks. The Altos Market Action Index shows slowing in all Scottsdale markets, across all zip codes. My suspicion is [...]
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short sales
From Saturday’s Arizona Republic: Bank of America, which last summer bought the nation’s largest subprime lender, Countrywide, has suspended foreclosure notices pending against nearly 2,000 homes across the Valley in the past week in an effort to help homeowners hold on to their property. And relief for even more homeowners is expected to follow. Read [...]
It’s been hard for me to explain why short sales are just plain difficult, and now a fellow blogger has taken the time to really put it all together. Frank Llosa’s perspective in “Short Sales Are ‘Fake Listings’ Only 5% Close” is well worth your time to read. H/T to Peter Coy at Business Week
