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There have been 42 homes sold in Pinetop, Lakeside, and Show Low so far in 2010. 21 of these sales were REO (foreclosed or bank owned) properties and 4 of them were short sales. The high percentage of distressed sales is driving property values down,
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NEW YORK (Reuters) – The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed " short sales " of homes and other loan modification alternatives to stem a rising tide of foreclosures. The Home Affordable
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A "Short Sale" is a sale of property where the lender accepts as full value a price that's less than what is owed on the property, and the lender releases the lien so the property can be sold with a clean title (but the lender might not
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During the first three quarters of 2009 homes sales in the Pinetop-Lakeside and Show Low areas dropped 23% compared to the same period last year, and the median price of the homes sold was down 27%. Here is a breakdown by area: TOTAL SALES Pinetop Country
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The following was reported in RealtyTrac's August 2009 Foreclosure Market Trends Report: Arizona reported 19,694 properties with foreclosure filings for the month, a 17 percent increase from the previous month, and 48 percent above the level reported
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RealtyTrac reports that Mountain's Meadow LLC and Pineview Properties LLC has received Notice of Trustee Sale. They are the owners of record for Mountain's Meadow in Show Low, which is located behind Walgreens, and is marketed as a gated, Active
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Rate of Absorption is one method of analyzing the real estate market, and estimates how long it will take to sell the current inventory of homes on the market based on the rate of recent sales. All this is, is the number of homes on the market divided
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According to RealyTrac’s U.S. Foreclosure Marketing Report, foreclosure activity in Arizona rose 31% in May compared to May 2008. In Navajo County foreclosure filings were up over 177% compared to a year ago. RealtyTrac also shows an increase in
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According to RealtyTrac Foreclosure Reports Torreon Meadows (north of Torreon off of Hwy 60) and Bison Crossing (off Old Linden Rd. across from Needles Creek) have received Notice of Trustee Sale. Torreon Meadows consists of two parcel owned by GW Investors
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The Pinetop Crossing Homeowners Association is involved in legal action (mediation, arbitration, or law suit?) against the developer pertaining to design or construction. This is making it difficult for homeowners to sell their homes because most lenders
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Sales of vacation homes dropped 30.8% across the country last year according to the 2008 National Association of REALTORS @ Investment and Vacation Homes Survey. This compares to only a 13.2% drop in sales for primary residences. Second homes (including
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