Vermilion Realty Blog

March 20, 2010

Cochise County HUD Price Reduction

Filed under: For Sale, HUD — Tags: , — Don Grafues @ 9:21 am
 
507 Cintilla Place, Bisbee HUD home reduced to $76,450.

507 Cintilla Place, Bisbee HUD home reduced to $76,450.

 
Reduced $6,950 to $76,450. 507 Cintilla Place, Bisbee, Cochise County, AZ. HUD site built (1962) home with 3 bedrooms & 2 baths, 2071 square feet. Near county offices. HUD is anxious to sell this home and will consider any reasonable offer. For additional photos and information click on “Featured Properties” tab or here.

Resource: HUD
 

Arizonans Walking

Filed under: Uncategorized — Tags: — Don Grafues @ 8:35 am
 
Here is an article from AZCentral.com about home owners walking away from their underwater mortgages. Arizona home owners who elect to walk are better off from others in that Arizona law does not allow deficiency judgments. Here are a couple of our earlier posts on this topic;
“More Homeowners Walk”
“Look Before Walking”
“Underwater? Stop Swimming And Walk”

Don Grafues
Resource: AZCentral.com
 

BofA Increasing Loan Modifications

Filed under: Financing — Tags: — Don Grafues @ 6:24 am
 
Government pressure appears to be working.

Bank of America says that at the end of February 20,666 of its customers’ mortgages have permanent modifications. This is up from 12,761 in January.

The more foreclosures that are avoided, the quicker home values will improve.

Don Grafues
Resource: REALTOR.org
 

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