Andrew Monaghan CRS, GRI, EPro Associate Broker

My primary market is the REO arena and way too often i am the first person to let the occupant know that the home has been foreclosed, more and more i am finding that the occupant is a tenant that does not know what is going on.

to protect yourself

1. Make sure that the landlord is paying the mortgage, request proof of payment of mortgage when they collect the rent.

2. Have a clause written into the lease that the security deposit is not to be released to the landlord.

3. Monitor the home through Maricopa.gov website, on this websit you can find the notices of foreclosure that are filed.

4. Review if something is posted on your door, seek legal advice

5. Remember when all else fails you have rights.

Andrew Monaghan, CRS, GRI, CDPE.
Team Leader,
The Monaghan Group
Keller Williams Professional Partners.
WWW.TheMonaghanGroup.com,
Andrew@TheMonaghanGroup.com

602-308-4660 Ext 203 (O) 480-302-5816 (F)

30-Day Market Snapshot
as of 11/14/09101010
(from ARMLS for past 30 days
Residential sales only)

ALERT

These numbers mean there is currently only 4.10 months of inventory
(Active listings divided by sold listings!!!!)

ALERT • ALERT • ALERT • ALERT • ALERT • ALERT • ALERT • ALERT

Active listings in ARMLS 33,416 (33,176 last week)

Active with contingency 6,483 (6,433 last week)

Pending sales 12,422 (12,065 last week)

Sales in last 30 days 8,151 (8,118 last week)

Cancelled in last 30 days 2,767 (2,621 last week)

Expired in last 30 days 1,560 (1,585 last week)

Temporarily Off Market in last 30 days 785 (753 last week)

(Compliments of Keller Williams Realty Professional Partners • Phoenix/Glendale Arizona)

but many involve foreclosures: Sales of existing homes around the Phoenix area are up from last year, but a large number of those sales continue to be foreclosed properties. According to ASU's Realty Studies department, the region recorded more than 6,100 home resales in October. That's roughly the same as September, but up sharply from about 4,500 in October of 2008. Despite the strong annual growth in home sales, a big portion of the transactions this October were sales of previously foreclosed properties - a whopping 45 percent. According to ASU, more than 3,800 homes were foreclosed on during October. That's up from the September foreclosure total of more than 2,900. "Typically, a housing recovery happens in a growing economy and with declining interest rates," says associate professor of real estate Jay Butler, author of the new housing report. "However, the current recovery is limited with the possibility of higher rates and a continuing weak job market. Further, the housing tax credit could be dissipating the pent-up demand for new buyers to get into the market, weakening their influence in the future." Butler added that all of these foreclosures will eliminate some households from being able to obtain financing to buy a "move-up" home. Others may be "seriously limited by declining neighborhood values (on their current homes) and restrictive debt amounts." The median single-family home price in the Valley in October was $143,000, up from September's median price of $140,000, but still far below last October's median of $167,000. "For the last year, approximately half of the home resales in the Phoenix area were foreclosed homes that were sold again with a median price markdown of 19 percent," Butler said.

Andrew Monaghan, CRS, GRI, CDPE.
Team Leader,
The Monaghan Group
Keller Williams Professional Partners.
WWW.TheMonaghanGroup.com,
Andrew@TheMonaghanGroup.com
Andrew
602-308-4660 Ext 203 (O) 480-302-5816 (F)

Here in Arizona we are approaching 10 percent unemployment, some people are hiring including myself, I have posted a job opening on craigs list and in the posting i have requested a number of things to be done when the applicant reply's, respond to add ##### when you respond and do not attach your resume, paste it into your email.

I have recieved over 50 responses for the position and only 5 have bothered to read the requirements, 45 people wasted their time responding to a job posting for a executive assistant because they failed the first test.

As a job hunter always assume you are being reviewed.

Andrew Monaghan, CRS, GRI, CDPE.
Team Leader,
The Monaghan Group
Keller Williams Professional Partners.
WWW.TheMonaghanGroup.com,
Andrew@TheMonaghanGroup.com

602-308-4660 Ext 203 (O) 480-302-5816 (F)

On our recent trip to the grand canyon, as we were passing the rest area at the 3 mile mark we found the sign bellow.

Getting to the bottom OPTIONAL

Getting to the top Mandatory.

Possibly the most appropriate sign I have ever seen anytime anywhere.

'Serving the entire Phoenix metropolitan area