Pinetop Real Estate News Blog

Over One-Half of the Home Sales in 2010 in Pinetop, Lakeside and Show Low Have Been Foreclosed Homes or Short Sales

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, Read More...

Posted Friday, February 26, 2010 3:48 PM by Tom & Debbie Clancy | 0 Comments

Treasury Sets Guidance to Simplify "Short Sales"

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 Read More...

Posted Wednesday, December 02, 2009 11:28 AM by Tom & Debbie Clancy | 0 Comments

What are "Short Sales" and Will We See an Increase in Them?

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 Read More...

Posted Tuesday, November 03, 2009 3:14 PM by Tom & Debbie Clancy | 0 Comments