U.S. Overall Delinquency and Foreclosure Rates Lowest in 20 Years!
U.S. FORECLOSURE RATES LOWEST IN 20 YEARS! The nation’s overall delinquency rate was 4 percent. No state logged an annual gain in its serious delinquency or foreclosure rate; only North Dakota posted a gain in the overall delinquency rate. In January 2019, 4 percent of home mortgages were in some stage of delinquency[1], down from […]
Arizona Foreclosure Process Timeline
From time-to-time, I work and help clients that are facing foreclosure in Tucson. I help them avoid foreclosure by keeping their home or selling their home pre-foreclosure to avoid having a foreclosure on their record. Let’s face it life happens and people are stuck in a challenging financial situation and cannot afford to make their mortgage […]
The Home Foreclosure Crisis Coming To An End: 10 Years Later
CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day. With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families lost their homes throughout the entire […]
Foreclosure Inventory Drops In Arizona As Economy Improves
Foreclosure Inventory Drops In Arizona As Economy Improves Good news for the Arizona real estate market! Only .4% of all homeowners in Arizona are in foreclosure. We are heading into 2016 with the lowest foreclosure inventory in 8 years thanks to escalating home values and progressive improvement in the U.S. economy. Some Highlights: Foreclosure Inventory […]
Distressed Property Sales Hit New Low
Distressed Property Sales Hit New Low TheNational Association of Realtors (NAR) just released their Existing Home Sales Report revealing that distressed property sales accounted for 6% of sales in October. This is down from 9% in 2014 and the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that […]
Tucson Foreclosures Back To Normal Levels
AWESOME NEWS FOR THE TUCSON REAL ESTATE MARKET: Tucson Foreclosures Back To Normal Levels Looks as though the foreclosure crisis is finally coming to an end in Tucson, Arizona. Tucson Foreclosures have dropped back to levels before the housing bubble in 2007. As you can see from the charts below we are back to normal ranges […]
How Soon Can You Buy a Home After: Short Sale, Foreclosure, Bankruptcy?
Guest post by Todd Abelson pictured to the right Definitions and Time required recovering from a distressed sale: foreclosure, short sale and bankruptcy Short Sale – is a sale of real estate in which the proceeds fall short of the balance owed on the property’s loan. It often occurs when a borrower cannot pay the […]
Tucson Home Foreclosure Report 2014 – Best in Years!
Good news for the Tucson residential real estate market. The Tucson home foreclosure report for 2014 shows foreclosures are fizzling out! Foreclosure filings were down 36%, the lowest since 2007. Trustee sale notices (foreclosure filings) in Pima County Arizona were down by 36% from 2013. There were a total of 3,586 homes that entered in […]