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Free NewsletterBofA halts foreclosures in 50 states
A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.
Mold-specific regulations non-existent
From the state level all the way down to the municipal level, regulations dealing specifically with mold simply don’t exist.
Realtors, home builders, AEA active in statewide races
There have also been a handful of IEs made in contested statewide primaries on both sides of the aisle.
Phoenix delays deciding on property tax hike
Phoenix city leaders have decided to wait two years before deciding whether to increase a city property tax rate.
Brewer signs foreclosure notification bill
Arizona Gov. Jan Brewer has signed a bill requiring mortgage lenders to try to work with homeowners to avoid foreclosures.
Experts: Arizona years away from economic recovery
Experts say Arizona is still three to four years away from a full economic recovery.
Are struggling community banks prepared for a new threat?
Most community banks in Arizona are losing money, lending is down, and a veteran banker concedes that every day is a challenge. It was a little too challenging for two Arizona banks, which were closed by state and federal regulators Aug. 14. A third bank is operating under federal orders to improve what were found to be “unsafe and unsound banking practices.”
Forecast: Arizona will lose tens of thousands of jobs before recovery
A state forecast predicts that Arizona will lose tens of thousands of jobs in construction, trade and professional and business services for 2009 and 2010. Overall, the state can expect 160,000 fewer jobs during that period, though the rate of job losses is predicted to slow in 2010, according to a state Department of Commerce report released April 30.
