Great news for homeowners who were victims of foreclosure abuse …

NEW YORK (CNNMoney) — Homeowners who were victims of foreclosure abuses during 2009 and 2010 could receive more than $125,000 from lenders as part of an Independent Foreclosure Review that is being overseen by two government agencies.

The Office of the Comptroller of the Currency (OCC) and the Federal Reserve laid out the framework in which borrowers will receive compensation for a wide range of foreclosure abuses and errors that occurred as a result of robo-signing.  To read more . . . http://bit.ly/O0sQNC

Short Sales are on the Pace to Outnumber Sales of Bank-Owned Properties

“In addition, more distressed loans are being diverted into short sales rather than becoming completed foreclosures,” Moore continued. “Our preliminary first quarter sales data shows that pre-foreclosure sales — typically short sales — are on pace to outnumber sales of bank-owned properties during the quarter in California, Arizona and 10 other states.”   >>read more

The Worst of the Mortgage Mess – Looks to be Behind the Nation’s Lenders (Banks Dodge Expected Wave of Foreclosures)

A steady flow of better-than-expected news out of the housing market is painting a brighter picture for the nation’s lenders and, perhaps best of all, a predicted tidal wave of foreclosures never made it to shore. >>read more

Real Estate News

 Click on the Article above to read the “Real Estate News” April publication that I would like to share with all of you. This publication offers amazing information regarding our current Phoenix Real Estate Market and great household tips . . .

Phoenix Market – Sales Volumes are Significantly Down.

Phoenix Market – Sales Volumes are Significantly Down..