short sales Archives

Luxury market sees 54% drop in short sales

Luxury Home - AZ Business Magazine November 2008

This summary looks at single family homes over $500,000 in all areas of the Northeast Valley, including Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek and Carefree. SUPPLY The supply of active listings offered for sale as of May 1 is 2,222 down 2% from last month and comprising 2,122 normal (down… Read More →

Shea Homes Arizona Sales Increase, Optimistic About Housing Recovery

The jury is still out about the national housing recovery, but Shea Homes Arizona is noticing a pickup in its sales during the first four months of the year. With three new home communities that have opened since January and three more that will be announced soon, Shea Homes Arizona has already outpaced its 2011… Read More →

Short Sales And Foreclosures: Income Tax Traps For The Unwary Homeowner

Income Tax Traps
by in Finance | Real Estate

Short Sales and Foreclosures: Income Tax Traps for the Unwary Homeowner by Stuart Pack, J.D. and Kelly C. Mooney, J.D., L.L.M. When considering a short sale, foreclosure or other strategic default under the terms of a mortgage or deed of trust, most homeowners and many professionals focus on the immediate concern of whether the transaction… Read More →