Question and Answer: Foreclosure Stripping
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 L. in Chandler, AZ A: Mary, Your neighbors could face prosecution if they decide to strip their home. Not only is it considered a felony in Arizona, but it morally wrong. The following is a list of items that must stay in the foreclosed home: Appliances such as built in microwave, dishwasher etc. Cabinets and counter tops Furnaces and air conditioning units Plumbing and copper pipes Electrical wiring Light fixtures and ceiling fans Doors and hardware Flooring such...
Check out Valley Home Values
T here’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 are doing to prices in each metro Phoenix ZIP code. … read the rest of this post
Ariz. lenders offer help for home buyers
T he 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. The Mortgage Lenders Association is working with the Phoenix office of the Department of Housing and Urban Development, Consumer Credit Counseling and several city housing agencies to put on the event, which starts a 10 a.m. at the Glendale Renaissance Hotel. Details: www.azmortgagelenders.com. … read the rest of this...
Key indicators from Phoenix's Housing Market
T here 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 also dropped in September, a good sign there will be another decline in foreclosures this month. There were 7,857 pre-foreclosures, or notice of trustee sales, filed by lenders last month. That’s an 11 percent drop. There’s been a big push by the government and nonprofits for … read the rest of this...
Excellent Arizona real estate opportunities for Canadians
T he 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. To read the entire article, click here.