June 2011
Official Statistics
Active & Sold Listings

Phoenix Metro
City of Scottsdale
Fountain Hills

 

Annual City Rankings
Price Per Square Foot

 

 

Distressed Sales Chart
Phoenix Metro Cities

 

Trustee Notices - Foreclosure Report June 2011

New Notices Hold Steady. Overall Inventory of Foreclosures Continue to Decline

 

Foreclosure Chart 6.11

 


5 Years of Phoenix Valley Foreclosures 

From Cromford Reports - Michael Orr

 

Foreclosure Map 1.06We all know that since 2006 there has been a huge wave of foreclosures affecting the local market. Since January 2006, Maricopa County has recorded 167,621 Trustee Sales, of which 138,235 have been single family residences.

There are a total of 1,009,755 single family residences in Maricopa County (click here for large map view). So overall 13.7% of single family homes have been through a trustee sale. However the percentage by ZIP code ranges from a low of 1.3% in Sun City West 85375 to a high of 35% in Phoenix 85043.

In the map show areas in red if over 15% of single family homes in that ZIP code have already been foreclosed between January 1, 2006 and March 12, 2011. They are in green if between 10% and 15% have been foreclosed while those with less than 10% are shown in blue.

$Money Saved is Money Earned

Tax billProperty Taxes
Your properties assessed value may need to be lowered as a result of the decline in real estate. Taxes were likely calculated on previous home values and have not been adjusted by the tax assessor. Most everyone knows that property values have declined. Having your property re-assessed may save you hundreds of dollars a year, or even more.
File an Appeal with the Tax Assessor - each state/county will have individual instructions on how to file an appeal for a tax adjustment. Here are two articles that may help you in that process. Appeal Your Property Tax Bill and the other is Time to Appeal That Tax Bill.

CalculatorRefinancing Your Mortgage
It's OK to state the obvious; mortgage interest rates are at a historical low point and will inevitably increase. It comes as no surprise that a few people I know were so comfortable with there mortgage payments, it's been ignored. Simple reason is the mortgage was completed a while back and they were not familiar with the rate being charged. Check Out Your Mortgage Rate Today!

Consult a mortgage lender or broker for the right program for you. Also a good neutral source is Bankrates.com and within the website is a Savings from Refinancing Calculator of old mortgage versus a new one with a lower rate.

If savings from both efforts were available and combined, it's like finding a part time without working or a free paid vacation!


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