Phoenix Mortgage News

Loan modification program in Phoenix helps fewer than expected
More than half of Phoenix-area participants left the program without having their payments lowered.

Drop in pending loan modifications for metro Phoenix homeowners
Lenders have permanently modified the mortgages of 18,409 metropolitan Phoenix homeowners through the federal government's program to help people avoid foreclosure. That's the tally so far for the Making Home Affordable Program launched in the spring of 2009.

ADOT buying houses in freeway's path
The Arizona Department of Transportation is quietly buying Phoenix homes in the path of the planned South Mountain Freeway from people with special hardship cases, even though the state is strapped for cash and the agency is in talks to move the route.

Phoenix-area homebuilders surviving slump
One thing can be said with certainty about the Phoenix-area homebuilders still operating in 2010: They aren't building and selling houses because it's easy.

Arizona real estate: ADOT buying some houses in planned freeway's path
Not everyone in the path of the South Mountain Freeway has a house that is impossible to sell.

Scotts Bluff County is not immune to foreclosures
Request a three-month list of home loan defaults from the Scotts Bluff County Register of Deeds and you’ll get a list of more than 75 homes. Foreclosures aren’t just hitting Phoenix, Detroit and Los Angeles, but are here at home as well.

Pointe Hilton resort up for sale
The Pointe Hilton Tapatio Cliffs Resort and its adjacent golf club are scheduled to be sold to the highest bidder at a foreclosure auction in November.

Homeownership still attracts
It's hard to read the headlines and not conclude that becoming a homeowner is a terrible idea.