If you are a real estate investor, seasoned or just getting started, or even if you are just curious about real estate investing, you would be wise to consider attending the BiggerPockets Real Estate Investing Summit and Expo on March 23 - 24 in Denver. Thompson's Realty is proud to be a sponsor of this event. Why do we sponsor? Because there is a ton of misinformation out there about real estate investing. Misinformation that can cost you tens of thousands of dollars and/or get you … [Read more...]
AZ Attorney General files suit: 13 real estate types accused of foreclosure fraud
From LegalNewsline.com: Arizona Attorney General Terry Goddard is suing multiple real estate agencies and professionals over alleged home foreclosure fraud. Goddard filed the suit against 13 real estate entities, targeting an alleged three-part multi-million dollar real estate fraud scheme. The complaint states that the defendants deceived under-qualified investors into buying homes and then sold the properties to rent-to-own buyers. Among the accused are a real … [Read more...]
Looking to get into the foreclosure market? What’s the best approach?
From the “Ask the Broker” inbox comes an email from Darrell in Alberta, Canada: I'm a Canadian looking to get into the Foreclosure market in your area. What's the best way for me to approach this and where can I find the best information on the process and the pitfalls of these transactions? Great question Darrell!<< Fair warning – interminably long post ahead >>I’m assuming here (and I really hate to assume anything) that the question is asking about homes … [Read more...]
More Media Bubble Hype….
Sigh.... they are at it again. The media's obsession with Chicken Little and his "The sky is falling! The sky is falling!" panic is getting rather old...An article in today's East Valley Tribune starts off with this little gem... It was no easy summer for home sales. May was the worst May in three years. June was the worst June in six years. July was the worst July in seven years. And now August is checking in as the worst August in four years... Worst worst worst worst. Using that word four … [Read more...]
30 Year Mortgage Rate Trend & Rate Chasing
UPDATED! Please go here for updated mortgage rate trend charts (updated through May 2011) UPDATE: Please see this post for an updated chart (through August 2008) plus new charts! "We've got to refinance NOW, rates are going up!" "If we don't buy now, we may not be able to get a good rate!" I hear comments like this all the time. Chasing mortgage rates will drive you bonkers. Yes, the rates for 30 year fixed rate mortgages are inching up. But keep this in mind... they are coming up … [Read more...]
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The Phoenix Real Estate Guy was started by Jay Thompson, and I have a little blogging problem... he liked to say...