Although I would rather talk of the joy of living in the NorthWest Valley (including areas of Glendale, Peoria and Phoenix) I thought I should bring this “good news/bad news” housing market information to your attention.
The bad news is: Foreclosures continue to plague the recovery of our housing market in the areas of:
Foreclosures at Westwing Mountain, Peoria AZ
- Stetson Valley with 88 homes in foreclosure
- Stetson Hills with 34 homes in foreclosure
- Terramar with 69 homes in foreclosure
- Arrowhead with 176 homes in foreclosure
- Vistancia with 146 homes in foreclosure
- Westwing Mountain with 119 homes in foreclosure
The good news: This year brings us more help and programs then ever before:
- New HAFA program to the streamline loan modifications and short sale process
- Loan balance reduction loans where one can refinace their home at current market value
- Short sales program to short sale your home and immediately purchase a new home
- Seller’s Advisory provided by the Arizona Association of REALTORS® which answers many homeowners questions concerning short sales
If you, or someone you know, is having trouble keeping their mortgage current let me know so I can put you in touch with a couple of attorneys who are willing to do a free consultation to answer homeowners concerns specific to their situation.
