A lawsuit filed by public interest law firms on behalf of homeowners tries to block Arizona from using part of a foreclosure settlement to help balance the next state budget.Read More »
Arizona will get more than $1.6 billion to relieve underwater homeowners in settlements for two mortgage fraud lawsuits.Read More »
By September 2010, the Arizona Department of Housing was sitting atop $268 million in federal money, which it was seeking to unload to help struggling homeowners here.
But since the program’s inception last year, it has helped only four homeowners and reduced their principles by a combined $62,000. On average, it lowered their monthly payments by $420.
A report by Arizona State University shows the foreclosure rate in the Phoenix area has continued to decline, but that the trend may not be sustained.Read More »
Homeowners trying to save their houses from foreclosure are expected to descend on the Phoenix Convention Center for help on Thursday.Read More »
Having judges verify that mortgage lenders followed proper procedures before foreclosures would protect homeowners from misrepresentations and fraud, a state lawmaker contends.Read More »
All the big guns have been drawn for the perennial battle over just what exactly homeowners associations may do. For 2011, it’s over how much an association can charge for processing documents when a resident is selling his or her house. Sen. Andy Biggs, a Republican from Gilbert, wants to limit the fee to a per-page cost of 10 cents for the documents.Read More »
A new report shows home prices in the Phoenix area dropped by 7 percent in November compared to the same period in 2009, the fourth month in a row that prices slumped.Read More »
Mortgage finance giant Fannie Mae has opened a mortgage help center to help struggling homeowners with loans owned by the company.Read More »
The moratorium on foreclosures on homes belonging to families like the DeVolls could have a roller-coaster effect on the Arizona housing market, where in September alone 17,117 homes — one in every 159 residential properties — were either scheduled for foreclosure or went through one, placing the state as second in the nation in the foreclosure rate.Read More »