Wednesday, June 26, 2013

foreclosure news

Arizona foreclosure inventory down 58% from a year ago
Foreclosure activity in Phoenix is plunging to some of the lowest levels in the nation.  Arizona's foreclosure inventory took a 58% year-over-year nosedive to a rate of 1.3% in April, according to CoreLogic.  Arizona also hovered well below the national foreclosure rate (the percentage of all outstanding mortgages that are in some stage of foreclosure) of 2.65% for the month - down almost 25% from a year ago.
Read article - Phoenix Business Journal

Buying a House? Don't Make These Mistakes
First-time homebuyers can get easily side-tracked by fixable "problems," like an unappealing paint color, and they often overlook hidden costs of home ownership like maintenance expenses.  There are four mistakes that newbies tend to make:
1) Being turned off by problems that are easily fixed.
2) Overlooking hidden costs.
3) Failing to budget for DIY projects.
4) Misunderstanding new homeowners insurance coverage.
Read article - Yahoo! Finance