Valley housing auctions fast and furious - A record number of foreclosure houses were sold at trustee-sale auctions, in metro Phoenix in April. The number of sales has been growing for months and the record pace is expected to continue through next year. The outdoor food court in downtown Phoenix has effectively become the trading floor for the region's hottest commodity: foreclosed houses. Most days, more than 30 people surround the tables. At least five auctioneers set up their laptops and sell to the highest bidder. Read article:
http://www.azcentral.com/business/realestate/articles/2011/05/22/20110522phoenix-housing-auctions-foreclosures.html
Avoid Home Flaws Being Uncovered Too Late - Home inspections don’t always turn up everything wrong with a home, but unknowing buyers can quickly turn unsatisfied when they move into their new home if they find a bunch of problems. Home inspections, for example, don’t specifically test for environmental safety hazards like lead, asbestos, or radon. To help avoid post-move-in surprises, buyers also might consider bringing in additional safety inspectors to evaluate the home. Read article:
http://www.realtor.org/rmodaily.nsf/pages/News2011052006
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