Thurs 6/13/13 (Source The City Wire)Foreclosure filings across Arkansas and region bounced higher in May as lenders continue to release the backlog of properties held up from litigation that was resolved over a year ago.Homes that have been vacant for two years are coming back onto the market.Benton County ranked No. 1 in Arkansas with 164 new filings last month, up nearly 122% from the prior year. More than 19% of the new foreclosure filings recorded in Arkansas last month were in Benton County, according to RealtyTrac.com.While Washington County also showed an increase in active foreclosures, the 62 new filings in May were up nearly 35% from a year ago. Roughly one in every four filings last month across the state was in Northwest Arkansas.Real estate experts said given the region’s larger population and higher number of sales, it is not unusual to see more concentration of delinquent loans than seen in other less active markets.Sebastian County posted 26 new foreclosure filings in May, up 37% from the same month last year. The majority of the filings were foreclosure starts, properties recently in default or scheduled for trustee sale in the next 60 days.Crawford County bucked the trend with 9 filings last month, which was a 10% decline from the year-ago period. (The take away from these two articles in the last two months is, prices are right to buy that first house in Arkansas. Remember we move people from apartments to first homes too!)Monday 5/13/13 (Source The City Wire)Bank of the Ozarks mortgage banker Mike Bearden says 2013 is setting up to be a major rebound year for the housing market in Arkansas.“I told a Realtor friend of mine the other day years from now when we retire, we’re going to be talking about what ’13 was, how busy ’13 was,” Bearden said in a Talk Business Arkansas interview.Bearden says mortgage bankers at his financial institution can’t keep up with the workload.“In the last 30 days, I’ve seen most of the agents I work with can’t talk to all of the people they want to talk to. There’s not a lot of inventory out there, especially in Little Rock,” he said.Bearden contends that smartly priced homes are definitely moving and that there is room for more inventory to further boost sales. He also says that there is a rise in new home construction for the first time in years.“Our construction people are busy. What happened 4, 5 or 6 years ago, if you or I wanted to build some spec houses, they loaned you the money,” said Bearden. “Now we’ve got a lot going in but its with real builders, which is better for the marketplace. ... You’ve got to be stronger now to get a construction loan than 3 or 4 years ago.”
Wed 8/28/13Beware the newest moving scam! Some moving companies will give you a written estimate and once they have your possesions on the moving truck they then tell you that the truck is overweight and they need more money to make the move. They then have your possesions held hostage to ensure that you pay the extra money. The way to avoid this is to use a reputable company to begin with. Any company that is an authorized agent of a national moving company such as Wheaton like we are goes through a rigorous screening process to become an authorized agent. You can feel safe that you are then using a reputable company.