Elevation Chandler Ownership Uncertain

CHANDLER, AZ-The saga of the halfway-completed condo project Elevation Chandler continued as attorneys for the two parties who claim they own the see-through project duked it out in court last week. The Arizona Republic reports that the Maricopa County Superior Court judge, who heard both sides early last week, delayed an opinion to take the [...]

Actor Nicolas Cage’s Foreclosure Sells Quickly

Actor Nicolas Cage’s foreclosed 14,306-square-foot, Las Vegas home sold the first day it was on the market for $4.95 million. The deal was expected to close this week.
Cage purchased the six-bedroom, seven-and-a-half bathroom home in September 2006 for $8.5 million. He owes the Internal Revenue Service nearly $6 million in back taxes, and the IRS [...]

Rebates for Appliance Buyers in 2010

The 2010 plan to encourage energy efficiency is the government rebate for appliance buyers. The plan lets people swap their old appliances for new energy-efficient models at very low prices.
Here are some things to keep in mind:
· State plans vary. For state by state specifics, check out the state-by-state rebate [...]

Valley Foreclosure Prices May Have Hit Bottom

The Phoenix-area housing market may level off this spring, and the prices of foreclosed-on homes in the Valley may have hit bottom already. That’s according to a new report from the W. P. Carey School of Business at Arizona State University.
The Arizona State University-Repeat Sales Index (ASU-RSI) measures changes in average Phoenix-area home prices from [...]

Home Buyers Face Tax-Credit Delays

Home buyers who purchased a property after Nov. 6, 2009, when the extension and expansion of the first-time and move-up home buyer tax credit took effect, have reportedly been unable to get their rebates—or even file for them—because paperwork isn’t available.
Robert Dietz, an economist with the National Association of Home Builders, says the delay is [...]

Tempe Centerpoint towers in foreclosure

The empty Centerpoint high-rise condominium towers that loom over Tempe, once a symbol of the city’s downtown residential boom, have fallen into foreclosure.
A foreclosure auction date is set for April, according to documents filed on Tuesday with the Maricopa County Recorder’s Office. The property could be sold to the highest bidder.
ML Manager LLC, acting on [...]

Lender files foreclosure on CityNorth, seeks $290 million

The lender of CityNorth’s first phase has filed foreclosure proceedings against the developers, claiming it is owed more than $290 million for the project.
Capmark Finance Inc. filed the paperwork Dec. 30 with the Maricopa County Recorder’s Office on money it says it and other lenders are owed on the nearly 627,000-square-foot mixed use development in [...]

Upcoming Auction at Artesia of Scottsdale

Unique simultaneous auction of 40 brand new, luxury condominiums and 5 brownstones, located within the master-planned community of Artesia located in central Scottsdale, Arizona.
Please let me know if you have any interest in registering as a prospective bidder/buyer (Do Not register directly via the website as you will waive your right to have me represent [...]

Arizona Real Estate – Signs Pointing to Improvement

The ASU Repeat Sales Index (ASU-RSI) continued to decline in June, but the numbers contained positive signals that improvement is the trend in the Phoenix metro real estate market.
Overall, the ASU-RSI revealed that Phoenix prices in June declined by 31 percent when compared with prices in June 2008 — the 28th straight month of declining [...]

Home Sellers: Top 5 Home Improvement Projects Based on Cost & Return on Investment

HomeGain’s recent survey shows the top do-it-yourself home improvements that Realtors recommend to home sellers. HomeGain received responses from nearly 1,000 Realtors nationwide and configured a list of the top 12 do-it-yourself (DIY) home improvements that cost under $5,000 and benefit sellers most when they sell their homes.
According to the HomeGain survey, the top five [...]