foreclosure Archives

Tiffany & Bosco Expands Financial Services Practice

Dayton, Matt

The law firm of Tiffany & Bosco P.A. announced that Matthew D. Dayton has joined the firm’s Las Vegas Office as an associate in the firm’s national financial services practice. His practice focuses primarily on real estate, foreclosure mediation/arbitration, unlawful detainer, and bankruptcy and creditor’s rights. Matthew is admitted to practice before the United States… Read More →

Tiffany & Bosco Expands Financial Services Practice

Dayton, Matt

The law firm of Tiffany & Bosco P.A. announced that Matthew D. Dayton has joined the firm’s Las Vegas Office as an associate in the firm’s national financial services practice. His practice focuses primarily on real estate, foreclosure mediation/arbitration, unlawful detainer, and bankruptcy and creditor’s rights. Matthew is admitted to practice before the United States… Read More →

Phoenix-area Foreclosure Saga Ending

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The Phoenix-area housing market has finally hit “normal, historical levels” for those going into foreclosure. After years of severe foreclosure trouble, a new report from the W. P. Carey School of Business at Arizona State University reveals that good news and more for Maricopa and Pinal counties, as of May: * The median single-family home… Read More →

Wanslee Elected to Gust Rosenfeld Executive Committee

Madeleine_Wanslee
by in Business News | Legal

Gust Rosenfeld announced that Madeleine C. Wanslee has been elected to its Executive Committee, the governing body of the firm. Wanslee is Co-Chair of the firm’s Bankruptcy, Restructuring and Creditors’ Rights Practice Group.  Her practice focuses on creditors’ rights and related state and federal court litigation, including commercial and consumer bankruptcy, loan workouts, foreclosure, deficiency… Read More →

Arizona foreclosure rate tumbles

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The number of Arizona homeowners losing their home to repossession or who are in some stage of the foreclosure process keeps on dropping. New data released by foreclosure tracking form RealtyTrac shows nearly 4,000 homes were either taken by lenders or received notices of foreclosure last month. That’s a 29 percent drop from January and… Read More →

1/3 of Arizona’s home sales are foreclosure-related

foreclosure

A new report shows 34 percent of all home sales in Arizona last year involved houses in some stage of the foreclosure process. The data released Thursday by foreclosure tracking firm RealtyTrac shows that’s actually a 26 percent dip from the previous year. Nearly 65,000 homes sold while in some stage of foreclosure last year.… Read More →

1/3 of Arizona's home sales are foreclosure-related

foreclosure

A new report shows 34 percent of all home sales in Arizona last year involved houses in some stage of the foreclosure process. The data released Thursday by foreclosure tracking firm RealtyTrac shows that’s actually a 26 percent dip from the previous year. Nearly 65,000 homes sold while in some stage of foreclosure last year.… Read More →

Are Arizona’s anti-deficiency statutes feeding the bubble?

137053852
by in Banking | Economy | Featured

Jack and Jill were living the American dream. They bought their dream house in 2006. Then, the economy spiraled downward. Jack lost his job. Housing values dropped, and the amount remaining on Jack and Jill’s mortgage exceeded the value of the property — commonly known as having a house that is “under water.” Jack and… Read More →

Are Arizona’s anti-deficiency statutes feeding the bubble?

by in Banking | Economy | Featured

Jack and Jill were living the American dream. They bought their dream house in 2006. Then, the economy spiraled downward. Jack lost his job. Housing values dropped, and the amount remaining on Jack and Jill’s mortgage exceeded the value of the property — commonly known as having a house that is “under water.” Jack and… Read More →

Arizona foreclosure numbers drop

foreclosure

The number of Arizona homes in some stage of the foreclosure process dropped again in October compared with a year ago, and homes actually repossessed by banks also dipped. Data released Thursday by foreclosure tracking firm RealtyTrac shows lenders actually repossessed nearly 2,821 Arizona homes in October, 600 fewer homes than in September. New foreclosure… Read More →

U.S. foreclosure filings hit 5-year low

137053852
by in Business News | Economy | Real Estate

U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders. But Arizona still ranked near the top on the foreclosure list. It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines, according to a report Thursday by… Read More →

Citigroup tries new approach: Own to rent

Foreclosure-mediation

Citigroup will try something new to keep struggling homeowners out of foreclosure: turn them into renters. CitiMortgage announced the program Wednesday and painted it as a way to help homeowners stuck in houses they can’t afford. The New York-based bank, however, won’t manage the program. Instead, it is handing the reigns to an investment firm.… Read More →

The Tax Implications From A Short Sale, Foreclosure

Short Sale - AZ Business Magazine January/February 2012

The truth of consequences: There can be tax implications from a short sale and foreclosure The only sure things in life are death and taxes. And like death, taxes can sometimes sneak up and surprise you. Some homeowners who have faced foreclosure or a short sale might be startled to learn that they may face… Read More →

Median Price Not Full Story For Phoenix Market

The median price for resale homes in the Phoenix area has been edging up for several months. Does this signal that the market is approaching normalcy? Jay Butler, associate professor of real estate and author of the Realty Studies report from the W. P. Carey School of Business, talks about the factors affecting median price,… Read More →