James Wexler's Blog - Scottsdale | Phoenix Real estate

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RECENT BLOG POSTS
It is called a Loan Modification A procedure whereby a loans payment plan is altered due to the hardship of the borrower. This can include the rate, term and monthly payment amounts. Example: Current Balance: $200,000 Arrears: $20,000 Attorney's Fees and Foreclosure Costs: $7,000  Total: $227,000...
12/29/2008
Phoenix real estate sales are sluggish. As a result of re-adjusting mortgages, falling Phoenix real estate prices and higher unemployment the number of foreclosures and short sales are rising. Due to the time it takes a short sale package approved with seller's lender, most of these homes end up ...
12/29/2008
Phoenix real estate is selling. Let me repeat Scottsdale real estate is selling. O.k. , now let me qualify. Short sales in Phoenix, foreclosures and foreclosed homes (bank owned real estate (REO)) are selling. However, there are list of challenges and potential pitfalls that buyers (and sellers) ...
12/28/2008
Today, it seems that homes are actually selling. In fact, the Phoenix real estate market report by RL Brown reported that resales in the metro area were up 69.94% in September 2008 from September 2007!! New home sales were up 15% from July. However, most transactions on the resale market are stil...
12/27/2008
There are 2 types of Loan modification. Civil and Attorney. Both types of loan modifications should: reduce your interest rate to a fixed rate of 5%-5.5%. Loan modification should add interest, penalties, fees, etc.. onto the back-end of the loan. Finally, you should try to amortize your new loan...
12/26/2008
Recently, I wrote a post explaining to Phoenix AZ real estate owners how they can avoid foreclosure and stop the bank from foreclosing through a Loan Modification: Loan modification is a procedure whereby a loan payment plan is altered due to the hardship of the borrower. Believe it or not, Loan ...
12/26/2008
A quick lesson , from a not so religious scholar about the beauty , joy and wonder that is the wonderful and well deserved holidays that is Christman, Hanukkay and Kwanzaa.   Kwanzaa - Celebrated by millions across the world, Kwanzaa honors the history and heritage of Africa. This seven-day obser...
12/25/2008
There is (only) one bright sides to dropping Phoenix real estate prices. Value, affordability and great real estate deals. Wait, that's 3. Oh well. As a result of these major price declines,  home buyers are stepping off the sidelines and becoming interested in Phoenix AZ real estate. Real estate...
12/24/2008
If you want to make golf a regular part of your life, there are no shortage of wonderful golf communities to choose from when deciding to buy Scottsdale Real estate. Troon, Troon North, Desert Mountain, Grayhawk, Estancia, Desert Highlands and Ancala Golf club and DC Ranch an Silverleaf are all l...
12/23/2008
Phoenix AZ should be known as the land of Golf. Visitors from all over the worlds travel each year  to explore all that the Valley of the Sun and the Sonoran Desert has to see and do. Yes, choices include hiking, biking, museums, zoos, hunting, fishing, camping, boating, old west towns, shopping,...
12/23/2008
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James Wexler

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rants, ravings, musings and market commentary Scottsdale|Greater Phoenix Real estate