Brandon Wells

Dir. of Consumer Engagement

Headquarters

6719 Academy Rd NE, Ste A

Albuquerque, NM87109

Cell: 505-264-2770 Main: 505-828-1000
Direct: 505-857-2338 Fax: 505-237-8500
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Death By 1000 Price Cuts

Dropping a home's price bit by bit is the worst-case scenario for home sellers, weakening their position in a buyer's market, experts say. By Bankrate.com It's the worst-case scenario for home sellers: to endure price cut after price cut until their houses become stigmatized and hungry buyers smell blood. But how can you avoid this unpleasant situation in today's troubled housing markets? The ...

Deal or No Deal? In Todays Market

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Many Americans Finding Savings in Refinancing!

Courtesy MSNBC Real Estate When mortgage rates dropped to the lowest levels in almost a year, Warren Zeger seized the opportunity to slash $720 off his monthly mortgage payment by refinancing his home in Potomac, Md. Just don't expect him to spend the savings. "I'd love to tell you I'm going to spend it to help prop up the economy, but we've tightened our belts," said Zeger, 61, a retired attorney. ...

Eclipse Aviation Files Chapter 11

Eclipse Aviation Corp. has filed for Chapter 11 protection in the U.S. Bankruptcy Court in Delaware.The Albuquerque-based maker of Eclipse 500 very light jets is seeking court approval for debtor-in-possession (DIP) financing and procedures for the sale of substantially all of its assets under Section 363 of the U.S. Bankruptcy Code.Eclipse also announced an agreement to sell its assets for a ...

Property Tax Information

Market Value Sets Property Tax It's that time of year-property tax time. Homeowners have had 2008 property tax bills since early November. Payment was due November 10 and is delinquent after December 10. In the four counties of metro Albuquerque, the county assessor figures out the amount of your tax. Then the county treasurer sends a notice of value in the spring and the tax bill in November.Most ...

Fed plan seeks to reduce foreclosures

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Tags: Video

Foreclosures Spike 25% Year Over Year!

Associated Pressupdated 10:39 a.m. MT, Thurs., Nov. 13, 2008MIAMI - The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed.More than 279,500 U.S. homes received at least one foreclosure-related notice in October, an increase of 5 percent over September, according to RealtyTrac Inc. One in every 452 ...
Tags: Foreclosure

New Mexico Mortgages Retain Equity

New Mexico is ranked in the nation’s top 10 for home mortgage equity, according to a survey that uses negative equity as its key metric.Just 8.2 percent of New Mexico’s 186,844 mortgages were showing negative equity at the end of September.The survey, conducted by First American CoreLogic, shows New Mexico had the eighth lowest negative equity among the 50 states. Nevada at 47.8 percent and Michigan ...

Existing home sales see largest gain in years

September number possible glimmer of hope housing bottoming out   WASHINGTON - Sales of existing homes rose by the largest amount in more than five years in September. But analysts cautioned against reading too much into the gain, noting that it reflected conditions before the latest upheaval in financial markets increased the likelihood of a recession in the overall economy. The National Association ...
Tags: Economy

Greater Albuquerque Association of Realtors (3rd Quarter Statistics)

The Greater Albuquerque Association of Realtors (GAAR) has just posted the 3rd quarter statistics.  If you own a home in or around the Albuquerque you will find this report very informative and helpful in determining the current market climate in your area.                                       ...
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