Many Phoenix Arizona distressed homeowners are waiting to find out whether or not the Mortgage Forgiveness Debt Relief Act of 2007 will be extended into and beyond 2013.
Streamlining and Standardization Updates to the HAFA Short Sale Guidelines by the U.S. Treasury Department
During the week of November 19, 2012 the U.S. Treasury announced critical new guidelines which should help to streamline and standardize the HAFA Short Sale program. These are important for all Phoenix realtors dealing with Arizona short sales to understand.
Live Broadcast Discussion about New Updates to the HAFA Short Sale Guidelines
On a December 17, 2012 live broadcast, Laurie Maggiano from the U.S. Treasury along with Alex Charfen who is the CEO and Co-founder of Charfen Institute will discuss how the November 19th 2012 streamlining and standardization guidelines to the HAFA short sale guidelines help the overall process of the HAFA short sale. This will be important for all Phoenix realtors dealing with Arizona short sales to understand.
Are You Misinformed About the Mortgage Forgiveness Debt Relief Act
The Nagel Law Group which operates out of Phoenix Arizona posted a very interesting article about traditional phoenix homes for sale versus distressed homeowner homes for sale and ties it all into the Mortgage Forgiveness Debt Relief Act.
The basis of the article had to do with the fact that for April 2012, traditional Phoenix home for sale listings fell by 31% while while distressed homeowner property for sale which includes foreclosure and short sale listings fell by a whopping 81%.
Arizona MLS Subscriber Confidence Index Report for June 2012
The Subscriber (ARMLS subscribers are made up of Arizona licensed real estate brokers and agents) Confidence Index report (SCI) is similar to the Consumer Confidence Index (CCI); it expresses the ARMLS subscriber perspective relative to the changing Arizona real estate market conditions and is based on their experience with current Phoenix AZ home buyers and Phoenix Arizona home sellers. Broker and agent sentiment influences broker investment and strategy, and how real estate professionals manage their business.