Archive for July, 2008

Ever Wonder Who Caused The Housing Bubble To Be As Bad As It Was? It Was Mortgage Brokers Like This…

I’ve worked in real estate for several years during the boom as a side hobby. I was introduced to some of the kindest and most sincere people I’ve ever met in addition to the kind of filth that you’d imagine would occupy the bottom of an industrial septic tank. An old coworker sent [...]

Are Credit Unions Better Than Banks? Perhaps, But Even Credit Unions Are Being Hit By Delinquent Auto, Credit Card, and Home Equity Real Estate Loans

Growing up, I always heard, “Go with a credit union. Credit Unions are better than banks“. After getting pinched with one too many fees due to money being IN my account, but not posted yet, I began to agree with this. The little things that credit unions in Arizona like Arizona Federal [...]

Woman Weighs Suicide And Foreclosure – Chooses The Former To Avoid Losing Her Home

There’s been a lot of talk lately about “Jingle Mail”, or simply yelling “Uncle!” and walking away from a mortgage that is doomed to fail. The primary discussion revolves around the ethics of whether treating the loan document as a simple piece of paper rather than some blood-bound promise is appropriate. Many people [...]

Foreclosures In Arizona Have Officially Spread To The Heart

Foreclosure has usually been a problem in the newer outer areas of Phoenix. Cities that are new or had new development that sprawled further and further away from infrastructure, jobs, and paved roads.
Many who bought late in 2006 got bit by this when home prices started to fall, incentives and discounts got larger at [...]

Arizona’s MLS (Multiple Listing Service) Loses Over 20% Of Its Members

It wasn’t something they wanted to do either – it was a purely financial decision. The National Association of Realtors constantly sells how wonderful life as a real estate agent is. How, while we’re going through a “hiccup”, it’s a great place to work! It’s going to be interesting to see how [...]