It is estimated that 1 out of every 200 homes will be foreclosed upon and that 250,000 families enter into foreclosure every 3 months.  In Arizona, the foreclosure rate is among the nations’ highest.  If you or someone you know is facing foreclosure, it’s important you know what the process entails.
When a homeowner (borrower) has [...]

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 [...]

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 [...]

With Arizona foreclosures up by 600% since 2005, realtors are seeing more and more foreclosed homes being stripped right down to the bare walls. It is estimated that 85 to 90 percent of foreclosed houses under $200,000 have been stripped.    Homeowners are taking carpet, tile, cabinets, sinks, light fixtures and even door knobs.  Many of [...]