Archive for February, 2011

Taxpayers will ultimately pay back losses of nearly $400 billion due to foreclosures

“Fannie and Freddie losses are passed onto taxpayers,” said Anthony Sanders, a former professor of real estate and finance at Arizona State University, now with Virginia’s George Mason University. Most foreclosures now are on loans that were issued by banks but backed by Fannie Mae and Freddie Mac. Created to boost U.S. homeownership, the Federal National Mortgage Association and the Federal Home Mortgage Corp. buy from…

Read More

Tune into HGTV House Hunters TODAY! Watch as I help a Maryland couple relocate to Anthem, AZ

Show Highlights:http://www.kathleeninarizona.com/hgtv-c11568.html “A Couple Relocates to Phoenix for a New Mid-Life AdventureJohn and Kim Bojonny are making a mid-life change and are relocating to Phoenix.They are looking for a home with an open floor plan, three bedrooms, two bathrooms, large closets and lots of extra space. With a $350,000 budget, Kathleen Mazzocco, their realtor, is determined to find them exactly what they want”.

Read More