Archive for February, 2010
Elevation Chandler Ownership Uncertain
Tuesday, February 2nd, 2010CHANDLER, 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
Tuesday, February 2nd, 2010Actor 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 [...]
Rebates for Appliance Buyers in 2010
Tuesday, February 2nd, 2010The 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 program. · Is [...]
Valley Foreclosure Prices May Have Hit Bottom
Tuesday, February 2nd, 2010The 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 [...]
Home Buyers Face Tax-Credit Delays
Tuesday, February 2nd, 2010Home 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 [...]
Tempe Centerpoint towers in foreclosure
Tuesday, February 2nd, 2010The 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, [...]
Lender files foreclosure on CityNorth, seeks $290 million
Tuesday, February 2nd, 2010The 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 [...]