The Monaghan Group
Some thoughts on Arizona real estate from one agents perspective
ARCHIVED BLOG POSTS
2008
9
Comments
As a part of the new Home Value Protection Program, which goes into effect January 1st 2009, Lenders and originators will no longer be able to hire the appraisers directly, all appraisers would be picked at random form a pool through a intermediary. Is this good or bad, there are a lot of good ap...
09/20/2008
1 Northbound Loop 101 (Pima Freeway) closed between Thomas Road and Shea Boulevard for carpool lane construction. 10 p.m. Friday - 5 a.m. Monday (September 22) 2 Northbound Interstate 17 closed between Dunlap Avenue and Thunderbird Road for rubberized asphalt paving. 9 p.m. Friday - 5 a.m....
09/20/2008
Am i hearing correctly that the government is getting back into the REO game a la the RTC back in the 90's, is this a good thing or a bad thing? one thing for sure is that it proves again that we don't learn from history, we need to either be a capitalist society or a government run one, right no...
09/19/2008
Bank's and other outlets for REO's have very specific rules and procedures for handling contracts, I explain these in a addendum that is to be attached to all contracts submitted, it says what can be done and what cant, it says what items need to be submitted with a offer in order to be submitted...
09/13/2008
Today is the second day of the REDC auction of foreclosed homes in the Phoenix area, there are over 500 homes to be sold and most seem to be great deals for the buyers. The auction is being held between 11-4 today at the Phoenix convention center in the downtown area. for more details visit www.u...
09/07/2008
15
Comments
I have been reading this morning about the fact that the seller assistance down payment programs are going away, everybody seems to be up in arms, the world is ending and a house will never sell again. I work mainly in the REO arena, we have a larger inventory and see a lot of offers, this weeken...
09/07/2008
30-Day Market Snapshot as of 9/6/2008(from ARMLS for past 30 days - residential sales only) Active listings in ARMLS 52,045 (51,799 last week) Active with contingency 997 (945 last week) Pending sales ...
09/06/2008
0
Comments
According to the Arizona Republic on Saturday 9.6, Mortgage delinquencies in Arizona had climbed to 6.05 percent at the end of the second quarter up from 5.35 % in the first, the bad news is that the tide of foreclosures is on the way up not down and there is a lot more pain to come, the good new...
09/06/2008
Last week when browsing AR i found a blurb on Voicecloud.com, it is a program that turns your voicemail into text and emails you. To say the least i was very skeptical, i am a REO listing agent and one of the biggest complaints i get is that my Voice mail is always full followed by the comment th...
09/06/2008
1
Comments
nternal Revenue Code (IRC) Section 121 permits a taxpayer to exclude gain in the amount of $250,000 or $500,000 for married couples filing jointly on the sale of the a principal residence. A residence is a principal residence if the taxpayer has owned and used the residence as the taxpayer's resi...
09/06/2008
Rainmaker
417,440
417,440
Andrew Monaghan
CRS, GRI, EPro Associate Broker
