Greater Phoenix / Scottsdale Home Prices Down; Supplies Down

As a result of a reduction in distressed sales including short sales, foreclosures and pre-foreclosures, Phoenix area home sales dropped 4.4% in June and down 6.6% when compared with the previous year according to a report from Michael J Orr, Director of the Center for Real Estate Theory and Practice at ASU’s WP Carey […] Read more »

Phoenix Real Estate Market – Phoenix Real Estate – Inventory and Price Stats

Phoenix Real Estate Market – Phoenix Real Estate – Inventory and Price Stats Phoenix and Scottsdale home inventories for sale are at multi-year lows due to significant investment coming from from private equity investors. “Funds planning to invest more than $6 billion to buy and rent foreclosed homes are finding […] Read more »

Short Sale Tax Consequences Arizona

Every short sale situation is entirely different, so your tax ramifications may be unique.  Conventional wisdom states that it may not be worthwhile to sell one’s home through a short sale process as a result of the tax implications resulting from the forgiveness of debt.  Though it is true you may receive […] Read more »

Short Sales Phoenix, Scottsdale & Surrounding Areas

The Short Sale Process What is a short sale? The opportunity for a short sale presents itself when the seller accepts an offer from a buyer at less than the value of the mortgage.  The bank or mortgage holder then releases the seller of any financial obligations, accepting less than […] Read more »