Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
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February 2008
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02/16/08
Cachet to unload Verrado inventory in its first new-home auction
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:58 pm

Cachet Homes is gearing up for the first auction in its history, during which the builder hopes to sell some of its inventory homes in the Verrado master-planned community.   More…

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Countrywide aims to help
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 7:53 pm

LOS ANGELES - Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments.  More…

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Mortgage crunch hits loan insurers
Filed under: General, Mortgages
Posted by: Lillian Wong @ 7:49 pm

Mounting losses and the threat of credit-rating downgrades are hitting another obscure corner of the insurance industry - mortgage insurance - and adding to strains on the housing market.  More…

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IRS: Must file taxes to get stimulus rebate
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:46 pm

WASHINGTON - The only way to receive a rebate from the economic stimulus package is to file a tax return, the Internal Revenue Service said Friday. That includes recipients of Social Security and veterans’ benefits who do not normally need to file returns.  More…

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W Scottsdale Hotel delays opening till late May
Filed under: General, Business
Posted by: Lillian Wong @ 7:42 pm

SCOTTSDALE - Scottsdale visitors will have to wait until summer before one of downtown’s flashiest additions swings open its doors.  More…

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Bloomingdale’s coming to CityNorth development
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:40 pm

The announcement Thursday that Bloomingdale’s would open its first department store in Arizona is not just about having another place to buy Burberry, Fendi or Michael Kors.  More…

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Westcor postpones opening of Estrella Falls mall to 2010
Filed under: General
Posted by: Lillian Wong @ 7:30 pm

Westcor will delay opening the Estrella Falls mall in Goodyear for one year as the economy continues to sour.  More…

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Valuation challenges set to begin for commercial properties
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:29 pm

Maricopa County is preparing to mail out nearly 1.5 million commercial and residential property-tax valuation notices Friday, starting the clock on an evaluation and appeals process that’s especially important for businesses.  More…

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Some doubt developer’s high-end home strategy
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:25 pm

Toll Brothers constructs a very nice product, with lots of imaginative upgrades and plenty of space.  More…

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Bargains abound for rental houses
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:15 pm

The rising number of single-family homes available to rent, especially on the fringes of the Valley, is creating bargains for people willing to drive - but also is dampening the apartment market.  More…

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Ariz. banks join ‘Lifeline’ to aid homeowners
Filed under: General, Mortgages
Posted by: Lillian Wong @ 7:10 pm

Will an extra 30 days of relief make a difference for seriously troubled homeowners?  More…

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Stimulus bill raises mortgage limits
Filed under: General, Mortgages
Posted by: Lillian Wong @ 7:08 pm

WASHINGTON - The biggest winners in the economic-rescue plan awaiting President Bush’s signature are likely to be Americans with more expensive homes who will be able to refinance their mortgages at cheaper rates.  More…

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Judge reverses $171M Wolfswinkel judgment
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:07 pm

A Maricopa County Superior Court judge has thrown out a $171 million civil judgment against high-profile Valley real estate developer Conley Wolfswinkel, acknowledging the court erred in restricting some evidence and admitting other evidence in the case.  More…

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Estrella at last to get a variety of stores in 2009
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:57 pm

Two new business developments in Goodyear’s Estrella will add to the retail options coming to the community. Bade Cos., a Peoria developer, plans to open a 30,000-square-foot shopping center next year and a separate commercial office project later.  More…

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Chandler high-rise now faces sale again
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:51 pm

Elevation Chandler, the abandoned high-rise shell just south of Chandler Fashion Center, once again is in foreclosure and on the auction block.  More…

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