The number of Phoenix-area homeowners losing houses to foreclosure fell 20 percent in April, a drop that could signal more successful or at least temporary loan modifications.
There still are many people facing foreclosure, even though pre-foreclosures dropped as well. Last month, lenders started foreclosure proceedings on 7,064 Valley homes, down 12 percent from March. The foreclosure tally for April was 4,446.
Arizona's plan to spend $125.1 million in federal foreclosure funds could help as many as 4,350 of the state's struggling homeowners this year. The Arizona Housing Department finalized its plan and sent it to the Treasury Department a few weeks ago. The state agency has a conference call with federal officials to discuss the plan Thursday. If approved, the money could be available in June.
Read key points for this plan:
http://www.kathleeninarizona.com/archive_details.php?arch=838
Showing posts with label Foreclosure aid for Arizona. Show all posts
Showing posts with label Foreclosure aid for Arizona. Show all posts
Wednesday, May 5, 2010
Wednesday, March 31, 2010
Federal Aid for Arizona Foreclosures
• Arizona is receiving more federal aid due to its foreclosure crisis. It's one of five states divvying up $1.5 billion in additional federal funds to slow foreclosures. Arizona's share is $125 million, and the state is charged with creating its own plan to spend the money.
The Arizona Department of Housing is holding a public meeting next Wednesday to discuss its proposed program for spending the money to help the many residents facing foreclosure.
The meeting will be held at 1 p.m. at Phoenix's Carnegie Library. Seating is limited, so anyone who wants to attend should contact the Housing Department to reserve a spot.
• Arizona is also receiving additional funds to help fight mortgage fraud, which has led to many foreclosures. U.S. Attorney General Eric Holder was in Phoenix on Thursday and pledged $1.7 million to help fight mortgage fraud in Arizona.
Read more:
http://kathleeninarizona.com/archive_details.php?arch=818
The Arizona Department of Housing is holding a public meeting next Wednesday to discuss its proposed program for spending the money to help the many residents facing foreclosure.
The meeting will be held at 1 p.m. at Phoenix's Carnegie Library. Seating is limited, so anyone who wants to attend should contact the Housing Department to reserve a spot.
• Arizona is also receiving additional funds to help fight mortgage fraud, which has led to many foreclosures. U.S. Attorney General Eric Holder was in Phoenix on Thursday and pledged $1.7 million to help fight mortgage fraud in Arizona.
Read more:
http://kathleeninarizona.com/archive_details.php?arch=818
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About Kathleen Mazzocco
- Kathleen Mazzocco, Realtor in Anthem, AZ Relocation to Scottsdale, AZ
- Scottsdale, AZ, United States
- Kathleen has worked with a variety of clients and employees from across and outside of the country, and this has given her a firm grasp of all the details that need to be considered when buying a home in Scottsdale, Anthem, or other areas of Phoenix, Arizona. Kathleen is a AZ Corporate Relocation Professional, and Buyer's Agent. She doesn't just help you find the home you want, she also insures that you're settling in well and that you have all the information you need in order to enjoy the highest-quality lifestyle Arizona has to offer. Begin your plan moving to Arizona with Kathleen today. It's a buyer's market right now, so there are great opportunities for you to land the home of your dreams for much less than you ever imagined possible. Acquiring property foreclosures, short sales, and bank owned homes are ways you can save in today's market. As Certified Distressed Professional she can negotiate the best possible price and terms for you. Please browse through Kathleen's website and let Kathleen Mazzocco help you come home to Arizona,search the newest home listings at www.KathleenInAZ.com.