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Featuring Joseph Maggiore Phoenix Business Journal, Jan 2011 Banks and mortgage lenders are shunning a $125 million foreclosure assistance program started by the state of Arizona in September. Thus far, only one — National Bank of Arizona — has agreed to participate in a principal reduction ... » Learn More about Major Banks Not Buying In To Arizona Foreclosure Plan

Featuring Joseph Maggiore Phoenix Business Journal, Oct 2010 Elvis Saloum said his mortgage brokerage has done 100 modifications over the past 18 months and not one of them has resulted in lowering the principal loan amount for distressed borrowers. “Not a single one,” said Saloum, a loan officer ... » Learn More about Principal Cuts Left Out of Mortgage Modifications

Featuring Joseph Maggiore Phoenix Business Journal, Jan 2010 Investors and real estate agents who want to buy and then flip houses are getting a head start over other buyers when it comes to short sales, and that’s raising red flags among consumers and banks. Short sales are ripe for the picking ... » Learn More about Investors, Agents Getting First Dibs on Short Sales

Featuring Joseph Maggiore Phoenix Business Journal, January 2010 Arizona is a popular tourist destination — mostly for the Grand Canyon, golf and warm weather. But a new trend is emerging in state tourism, and it’s not based on one of Arizona’s strengths. In foreclosure tourism, out-of-towners ... » Learn More about Foreclosures, Short Sales Bring Tourists Seaking Cheap Houses