When foreclosure homes come up for public auction in Phoenix, a minimum opening bid is set and bidding is open to anyone.
At least that is the way it’s supposed to work.
But a Republic investigation into the daily public auctions held on the Maricopa County Courthouse steps and at some local law offices suggests a growing [...]

Arizona owners of second-homes or investment properties facing foreclosure have one less thing to worry about. The law that could have made them liable for tens of thousands of dollars, SB 1271 was repealed on Monday when Gov. Jan Brewer signed SB 1004.
Controversial SB 1271 required some Arizona homeowners in foreclosure to prove they had [...]

Arizona has the 3rd highest rate of foreclosures and pre-foreclosures in the country and more home buyers are drawn to foreclosed Arizona real estate because of the bargain prices. Obviously, the opportunity to buy a home below market value is a huge benefit to buying a foreclosed home. However, there are also some [...]

Phoenix-area foreclosures climbed in October but pre-foreclosures were almost flat.
Last month, 4,826 homes were foreclosed on, compared to 3,759 in September, according to the Information Market. The monthly foreclosure, or trustee sale, rate hit a record in July when 5,316 houses taken back by lenders. Pre-foreclosures totaled 7,841 in October, compared to 7,857 in September. [...]

Opponents of a controversial Arizona law that could make some homeowners liable for tens of thousands of dollars on homes that go into foreclosure aren’t giving up. Real estate groups, including the Arizona Association of Realtors, are trying to have the SB 1271 repealed again in the current special legislative session.
SB 1271 was repealed in [...]

Q: Anthony, If I am buying a new home, do I still need a home inspector?
A: In one word: absolutely. Just because the home is new, doesn’t mean there won’t be defects that need to be corrected. It is not unusual for a general contractor not to know what his subcontractors have [...]

The crackdown on mortgage fraud in Arizona has resulted in another conviction in the Valley. Jeffrey Todd Crandell, 33, of Mesa has pled guilty to six counts of Bank Fraud
According the U.S. Attorney’s office for the District of Arizona, Crandell was the leader of a sophisticated cash-back mortgage fraud scheme.  In 2005, he obtained the [...]

On Tuesday, Federal Reserve Bank of San Francisco President Janet Yellen will be in Phoenix to talk about the key issues Arizona is facing for an economic recovery.
She’s the keynote at Lambda Alpha International’s Phoenix real estate conference on Tuesday Nov. 10th. The event starts at 7:30 a.m. at the Sheraton Downtown Phoenix. Lambda Alpha [...]

“Thing are beginning to look up in Arizona as they are for the nation. Still the Phoenix housing market is nowhere near a return to health.”
The pronouncement came from Federal Reserve Bank of San Francisco President Janet Yellen on Tuesday to a group of the Valley’s leading real estate and banking executives.
“As the housing market [...]

If you are a homeowner, you also have homeowner’s insurance to protect your home and valuables. Insurance premiums can vary according to location, and often times can be costly. But there are some simple things you can do to lower your rates and save money:
1. Install a home security system
Home alarm companies recognize that [...]