Monthly Archives: January 2009

Fannie Mae requires a 10% earnest deposit on cash deal

I was talking to a friend of mine about a condo she is purchasing out of state and was quite surprised when she told me the details of the transaction and what she was required to do in order to get her purchase … Continue reading

Posted in Foreclosure/Short Sales, Market Conditions, Mortgage/Financing | 5 Comments

Renters to get some relief when home is in foreclosure

Recently I have had several calls from tenants that need to move due to the fact that their landlord is in foreclosure. I did some research and was not able to find much information for remedies for tenants. Low and behold, … Continue reading

Posted in Foreclosure/Short Sales | Leave a comment

Maricopa County resales jump 33 % as foreclosures push down prices

Click on the following link to read the full story: http://phoenix.bizjournals.com/phoenix/stories/2009/01/12/daily33.html?ana=e_du_pub

Posted in Foreclosure/Short Sales, Market Stats/Analysis | Leave a comment