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Lost Ducthman Just REDUCED IN PRICE!!

Beautiful private retreat located inEl Chorro Estates in the heart of Paradise Valley. Privately gated w/circular drive this home sits on 1.45 acres of land! With 5 bedrooms, 5.5 baths, bonus room & huge formal living room, this home is very spacious. You will find all the expected finishing touches: granite slab, 18'' travertine floors, coffered ceilings, custom cabinetry and built-in fridge w/wood panels. Huge family room with open kitchen, wet bar & built-in entertainment center, of course, there is surround sound & speakers throughout the home. Gourmet kitchen offers gas cooking, vegetable sink, big island and breakfast bar! Outside there is room to roam. Beautiful pebble tech pool & spa are heated for year round use. Lush tropical landscape, in the shadow of Camelback Mountain.

Emerald Just Reduced In Price For a Quick Sale By The Cameron Team!

Absolutely perfect 2 bedroom, 2 bath condo with back covered patio plus views of sparkling community pool from the from the front! This unit has 17'' tile floors throughout, Carpet in Master Bedroom, a wood burning fireplace, extra storage on patio, furnace and A/C replaced in 2007, full size washer/dryer and refrigerator included! Perfect Winter Home. Located in beautiful Fountain Hills this condo is something your buyers are sure to love!

Contrywide Loans to be Modified

I read this article in the republic and wanted to share with everyone. If you have a Countrywide loan, call your lender and see if you can get a loan modification. You don't have to be in foreclosure of trouble to get the modification...Jeff Cameron

Countrywide loans to be modified

13,000 mortgage holders on Ariz. Eligible for program

By J. Craig Anderson
THE ARIZONA REPUBLIC

Thousands of formers Countrywide Financial customers on the brink of foreclosure will be eligible for lower mortgage payments in the coming months, thanks to a settlement agreement.
Borrowers with subprime and other adjustable-rate loans will be eligible for significant loan modifications beginning in December, Arizona Attorney General Terry Goddard’s office said Monday.
The deal requires Bank of America to modify the loans of struggling borrowers to make their homes.
About 13,000 Arizona mortgage holders are eligible for loan modifications under the agreement, said Susan Segal, Goddard’s public-advocacy division chief.

BofA agrees to modify Countrywide mortgages

The modifications would be based on what each borrower can afford, Segal said, and most borrowers would end up with fixed–rate loans. Some also would get a reduction in the loan’s principal, she said.
In cases where foreclosure already has occurred or cannot be prevented, Segal said the borrowers would be eligible for relocation assistance from Bank of America.
A group of attorneys general representing Arizona, Texas, Ohio, Iowa and Washington state, agreed not to pursue any legal action against the former Countrywide based on its “alleged use of deceptive practices in their mortgage lending business.”
“There is no admission of guilt.” Segal said about the agreement.
Still, it could take weeks or months for every eligible borrower to get a loan modification, she said.
Countrywide is supposed to launch the program Dec. 1 but has said it will need about 60 days to prepare.
Segal said the bank has committed to a staff of 3,200 loss mitigation specialist to provide service to all of the affected customers nationwide.
Six other states, including California, have worked out their own loan-modification deals with Countrywide, formerly the nation’s No. 1 sub-prime lender and overall largest mortgage lender, in exchange for dropping consumer-protection lawsuits.
Segal said similar deals with other subprime and “alternative” mortgage lenders should be forthcoming.

How to get help

The Arizona Attorney General’s office suggests that customers of the former Countrywide Financial open all letters pertaining to their mortgage in coming weeks for further information about loan modifications.

They can also call:

Bank of America
(Acquired Countrywide in June)
800-669-6607

Arizona Attorney General Office
602-542-5763

Arizona Foreclosure Help line
877-448-121

FORECLOSURES JUMP 65% IN APRIL

If you are in the real estate market right now you know, it is dominated by Foreclosures and Short Sales. They are pushing prices lower. Until we get them worked through the system, prices will continue to drop. The good news is inventory levels continue to drop. I believe that is because the owner that "doesn't have to sell" and doesn't want today's value is just taking their home off the market.

Foreclosure rate skyrockets in April
Posted May 14th 2008 8:40AM by Michael Fowlkes
April saw a 65% increase in foreclosures from the same month a year ago.The numbers pretty much speak for themselves, with 243,353 receiving notices in April. This is a vast increase from April 2007, when "only" 147,708 homes received the same notice. This was also a 4% increase from March. The numbers are based on a report from RealtyTrac Inc.Homeowners in California and Florida are among the hardest hit. The two states had 9 metropolitan areas that ranked in the top ten areas of the country in terms of foreclosures..As big as America is, it is hard to really visualize just how severe this problem has become. So, let's put it in terms that are a bit easier to comprehend. Of all the homeowners in the country, 1 out of every 519 homes received foreclosure notices in the month. That's pretty scary if you think about it. Only 8 states did not have a higher foreclosure rate in April than they did in April of last year.The main reasons for the rise in foreclosures is nothing new, and you are probably already too aware of all of the following factors; falling home sales, falling home prices, tighter mortgage lending and refinancing, and the slowing U.S. economy. These all add up to the perfect storm for homeowners.
Read the rest of this article here:
http://www.bloggingstocks.com/2008/05/14/foreclosure-rate-skyrockets-in-april/