A View from the Courthouse Steps On Auction DayA friend of mine is a professional auction bidder. Each morning he shuttles back and forth, from law office conference rooms to the steps of the Maricopa County courthouse. He is a professional trustee’s sale bidder for AZBidder.com.He attends trustee’s sales (commonly referred to as foreclosure auctions) all over the Phoenix metro area. They take place at 9a, 10a, noon, 12:30p and 2p. These auctions don’t just take place at the … [Read more...]
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Denial Blocks Real Estate Recovery
Denial Blocks Real Estate RecoveryForeclosure, Bankruptcy vs Home Affordable Refinancing Program ( HARP).Kevin is not giving up without a fight. I know this because those words are written on a piece of paper taped to his front door. NOT GIVING UP WITHOUT A FIGHT! His house is scheduled to go to a foreclosure auction today.Kevin bought his home on July 8th, 2003 for $270,800. The real estate market here in Phoenix was stable at the time. The housing explosion was about 18 months away. … [Read more...]