Comments on: Phoenix Real Estate Market Update – #27 http://www.realphoenixliving.com/2009/03/22/phoenix-real-estate-market-update-27/ Real Estate information for Phoenix, Scottsdale, and other nearby Arizona cities Thu, 17 Jun 2010 23:23:20 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Steve Belt http://www.realphoenixliving.com/2009/03/22/phoenix-real-estate-market-update-27/comment-page-1/#comment-6079 Steve Belt Sat, 28 Mar 2009 04:54:13 +0000 http://www.realphoenixliving.com/?p=1509#comment-6079 Kyle- Totally agree about ASU. I haven't heard anything specific about a new round of foreclosures. However, I also haven't seen much of a decline in foreclosures recently, which should have gone hand in hand with the alleged moratorium. The rumor I have heard the most often relates to ARM loans adjusting, which will result in a significant increase in foreclosure inventory. Personally, I'm optimistic that banks are getting smarter now and are allowing people with an ARM loan, that can afford their current mortgage payment, but not one adjusted upward, to stay at their current rate. Hopefully that type of change in lending practices will result in a decline of the rate at which homes are foreclosed on. Kyle-

Totally agree about ASU.

I haven’t heard anything specific about a new round of foreclosures. However, I also haven’t seen much of a decline in foreclosures recently, which should have gone hand in hand with the alleged moratorium.

The rumor I have heard the most often relates to ARM loans adjusting, which will result in a significant increase in foreclosure inventory. Personally, I’m optimistic that banks are getting smarter now and are allowing people with an ARM loan, that can afford their current mortgage payment, but not one adjusted upward, to stay at their current rate. Hopefully that type of change in lending practices will result in a decline of the rate at which homes are foreclosed on.

]]> By: Kyle Pearson http://www.realphoenixliving.com/2009/03/22/phoenix-real-estate-market-update-27/comment-page-1/#comment-6078 Kyle Pearson Sat, 28 Mar 2009 04:45:50 +0000 http://www.realphoenixliving.com/?p=1509#comment-6078 I too watched the ASU/Orange game.. very saddened by the loss, however I am optimistic that Abbott, Glasser, and Kuksics (?) will continue to play well next season. Hopefully Botang starts to develop a little fire as well. I have heard that there is a new wave of foreclosures about to drop in April and May due to the lifting of a moratorium from lenders. have you heard any news about this? I too watched the ASU/Orange game.. very saddened by the loss, however I am optimistic that Abbott, Glasser, and Kuksics (?) will continue to play well next season. Hopefully Botang starts to develop a little fire as well.
I have heard that there is a new wave of foreclosures about to drop in April and May due to the lifting of a moratorium from lenders. have you heard any news about this?

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