strategic Default

Housing recovery threatened by ‘strategic defaults’ Bankers: Credit will tighten as people bail on mortgages

by Jeff Cameron May 23, 2010 Real Estate Market Update

This is the big unknown question moving forward regarding our housing market. The market is recovering, but what will strategic defaults do to the future of housing?

Housing recovery threatened by ‘strategic defaults’ Bankers: Credit will tighten as people bail on mortgages

By Catherine Reagor – May. 23, 2010 12:00 AM
The Arizona Republic

Homeowners walking away from …

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Scottsdale Short Sale McDowell Mountain Ranch Realtor Jeff Cameron

by Jeff Cameron May 16, 2010 McDowell Mountain Ranch

This home listed for sale in McDowell Mountain Ranch is a Short Sale. Thia home was built by Centex Homes in 1997. The sub divison is called Armonico, one of the larger product lines in McDowell Mountain Ranch. Offering, 3,596 square feet this home has 5 bedrooms, 3 baths a 3 car garage, pebble tech …

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Luxury homes not immune to short sales – Short Sales Lead the Luxury Market in Scottsdale

by Jeff Cameron May 10, 2010 Real Estate Market Update

Over the past year the Luxury Market has gotten involved with Short Sales. As home sellers in the luxury market have come to realize they are not immune to the market declines, they have turned to Short Sale as the answer to their financial issues. Many homes in the luxury market have fallen by so …

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Fed-Up Homeowners Who Can Pay the Mortgage, Don’t

by admin April 3, 2010 Real Estate Market Update

The strategic defaults are getting more news today and this will thus feed more strategic defaults. This is such a touchy issue. On one side, how can one not defend someone from doing a Strategic Default. Ohhh, hold back the punches. The reality is that anyone buying property from 2006 to 2007 entered into an …

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FORCLOSURE ALTERNATIVES – Citi Mortgage Deed In Lieu Program

by admin February 17, 2010 Real Estate Market Update

There are many changes in the pipe line for 2010, when we look at the foreclosure and short sales world. This morning, while cruising the Internet for my daily news, I came across this article below about Citi Mortgage Deed in Lieu Program. Citi has come out with this program to give borrowers an alternative to …

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