Extreme Makeover Houses In Foreclosure

I’ve watched it and I’m sure you have too. Extreme Makeover is one of those TV shows that just makes you feel good when you watch it.  At our house…it’s easy to empty a couple of tissue boxes in less than an hour. Ever wonder what happens to the people who are given a free [...]

Is “Walking Away” a Financial Strategy?

These videos say it all… Visit msnbc.com for breaking news, world news, and news about the economy

Stripping Your Home is NOT Legal!

Published : Tuesday, 16 Feb 2010, 8:37 PM MST and aired on FOX10 News. CHANDLER — You often hear about people ripping items out of foreclosed homes. Now a Chandler man has been arrested for it. Police say 35-year-old Daniel Clark removed two air conditioning units, a water heater, a water softener, doors, toilets, sinks, [...]

Half of Arizona is Under-Water??

The Wall Street Journal recently reported that the number of people underwater on their mortgages (those who owe more than the property is currently worth), has increased to 23% nationally. Arizona is second only to Nevada with 47.9% of all home owners with a mortgage having negative equity in the third quarter of 2009. Another [...]

NEW MATH: #Behind + #Forclosures > #Active

I was watching CNBC this morning when this news story broke. If you add the number of homeowners who are behind on their mortgages to the number of homes that are in foreclosure you will get a number that is greater than than the number of homes on that are currently active on the market! [...]

Home Sales in Arizona – October 2009

More great news about the national real estate market was reported on Monday.  September had an increase of 6.1% in Pending Home Sales.  The rise from 110.1 million to 103.8 million marked the largest annual increase on record and the longest streak of gains since the measurement began in 2001. The gains are attributed to homebuyers rushing [...]

Monopoly… The Recession Edition

I get a lot of crazy things in my email. Today I received this image of the “Recession Version” of Monopoly. Note the “Foreclosed” and #Short Sale” real estate. Humorous..yes.  True…yes.  Sad…yes.

Do You Believe Everything You Read?

Well, if you do…then the future of home prices in Phoenix, Arizona, is most certainly LOWER. This article appeared all over the web today. It was written by By Les Christie, a CNNMoney.com staff writer. Who am I to to contradict Les? I’m just an optimistic real estate broker who believes my community (Anthem, Arizona) [...]

How To Buy A Bank Owned Home… SERIOUSLY!!

Sometimes a little humor is appropriate. With the current state of the Real Estate Market, it is VERY appropriate. Check out this very creative work that is the viral hit of YouTube:

Here Comes The “Prime Mortgage Crisis”…

On July 5th, I wrote an entry to this blog titled: “Washington, We Still Have A Problem…”. Now, 2-1/2 months later, we still have the same problem. Call it S.S.D.D. (same stuff… different day) After going through what was called “The Sub-Prime Mortgage Crisis”, we are now heading (with force) toward a “Prime Mortgage Crisis”. [...]