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 r…

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, …

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 …

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, …

Featuring Joseph Maggiore
Phoenix Business Journal, Aug 2009
House flippers and real estate investors are coming back to the Valley and looking to get rich off the housing crash and anticipated rebound.
While many Valley homeowners and buyers are sidelined by underwater values, damaged …

Featuring Joseph Maggiore
Phoenix Business Journal, Dec 2008
Arizona and California are in the same sinking ship when it comes to the rise in foreclosures and the subprime mortgage mess. But the two states are oceans apart in how they are dealing with those distressed mortgages.
Califor…