Thinking about purchasing Arizona real estate? Each year thousands of people move to Arizona because of a career move, to be closer to family, or because they just need an escape from the cold weather. If you are contemplating whether or not you should buy a home and live in Arizona , here [...]

Congress is working on a plan to extend and expand the home buyer tax credit which will cost taxpayers $10.8 billion dollars. More details include:

$8,000 tax credit is available for first-time buyers or those who have not owned a home for 3 years.
Homeowners who buy a new principal residence after living in their current [...]

The Arizona Bankers Assocation has filed a lawsuit to overturn legislation that repealed a controversial new state foreclosure law.
Earlier this week, the Bankers Association field the suit in the Arizona Supreme Court alleging the legislation is unconstitutional. The fight centers around SB 1271, which was passed in early July and allowed lenders to go after [...]

Ariz. Sen. John McCain will speak to Arizona’s top real estate leaders on Oct. 30th. He is the keynote speaker at Urban land Institute’s fall town hall event.
McCain is on tap to talk about the state’s economy, environment and energy needs at Urban Land Institute’s town hall.
The event starts at 3:30 p.m. at the Arizona [...]

The Arizona Attorney General’s office has settled two mortgage fraud lawsuits for $1.37 million. Most of the money will go towards paying restitution to consumers who lost money to the "foreclosures help" firms.
Richard Winer, principal of the firm Taken Care of Investments, has agreed to pay fines totaling $691,000,half of which goes to consumers who [...]

Q: Hi Anthony: Recently my neighbors’ house was foreclosed on, and we got into a debate when they said they were going to strip the house of the light fixtures, ceiling fans and appliances. I told them that this was illegal, but they disagreed. What can owners take from a foreclosed home?
Mary [...]

There’s no doubt its been a tough year for metro Phoenix’s housing market. But some areas are showing smaller declines than last year. Foreclosures homes resold by lenders continue to dominate the market, but the marketshare for those homes is shrinking. Check out Valley Home Values at homevalues.azcentral.com to see what home sales and foreclosures [...]

The Arizona Mortgage Lenders Association is teaming with several government housing agencies to hold the Home Buyer’s Fair 2009 on Saturday Oct. 17th.
 The free event offers help on: the $8,000 tax credit for first-time home-buyers; buying a home with no money down; credit requirements and repair; qualifying for a mortgage and buying a foreclosure home. [...]

There are some positive signs coming from metropolitan Phoenix housing market. Foreclosures dropped slightly in September while home prices inched up again.
Last month, lenders foreclosed on 3,759 Valley homes, an almost 5 percent drop from August, according to the Information Market. It’s the second month in a row foreclosures, or trustee sales, have fallen. Pre-foreclosures [...]

The bursting of the real estate bubble in the U.S. and the rise of the loonie are creating a “once-in-a-lifetime’’ chance for Canadians to buy their dreamhome in sunny Arizona.
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