Phil DePasquale's (sedonarrealtor) Blog

Creekfront home located approximately 20 minutes from Sedona in Rimrock.  Easy access to Highway I-17, 2 hours from Phoenix and 45 minutes to Flagstaff.  Great vacation home for $230,000.  Three bedroom, two bath 1994 "well loved" Manufactured Home.  Sellers have relocated and it is easy to show....

Located approximately 20-30 minutes from Sedona in Rimrock is our newest listing.  This 1997 five bedroom, three bath home is in fantastic shape and offers seclusion and privacy.  Located off a 3 mile dirt road the property is 4.67 acres with approximately 1 acre fenced (electric) for horses or a...

This is our recent listing high above West Sedona.  This 3/2 home is over 1800 s.f. and located on .28 acre.  The home had been used gently as a vacation rental property and is in immaculant condition with beautiful panoramic views.  Hiking is available right out your front door.  Located at the ...

Reverse Mortgages are creeping backwards in age requirements.  Whereas the age requiremnt used to be 62 or older that has now changed to the age of "60".  This new program is simply called the Simple 60 Reverse Mortgage.  This allows homeowners access to their equity sooner, with no monthly loan ...

Foreclosure filings are up 100% for third quarter over the same period last year, and if is expected to rise even more with the number of adjustable rate loans that will reset in 2008.  Housing markets that are being hit the hardest are: Nevada (1 filing for every 61 households), California (1 fi...

 Basics of a Reverse Mortgage and Questions you should consider before consulting with a Mortgage Broker:   Is downsizing a better option? As part of their due diligence, homeowners should seriously look at selling and moving as a way to tap home's equity. How long do you plan to stay in the hous...

With the current real estate market remaining stagnant as we head into the holidays there have been a few questions concerning reverse mortgages and mortgage cancellations.  Please talk to your Mortgage Broker for all the details but the following are two articles on each topic.  There are requir...