News Article From: 08-23-2012
Report: Phoenix home values continue to rise
A report released Wednesday night shows the number of Phoenix homeowners who are underwater on their mortgages has fallen. Phoenix home values are up 13.4% from July of last year, the biggest increase out of the top 30 markets Zillow tracks.
Read article - abc15.com
Short Sales to Get Faster With Fannie, Freddie
The Federal Housing Finance Agency announced Tuesday that it is issuing new guidelines that set out to more quickly qualify borrowers and speed up the short-sale process. Among the new guidelines, home owners with a mortgage backed by Fannie Mae or Freddie Mac will be able to sell their home in a short sale even if they are current on their mortgage, assuming they can prove a hardship.
Read article - Realtor Magazine