Foreclosures are increasing in Pima County as the housing market slows, inflation accelerates and creative financing plans mature.
Dennis Rosen, a Tucson lawyer who deals in foreclosures and also holds a mortgage broker's license, confirms what most investors already know:
"Lenders seem to be very creative in ways to refinance because most lenders lend money with the thought of being repaid. Banks and others just don't want to own real estate,"
It seems as thought plenty of short sale opporunities could lie ahead for savvy Pima County investors.
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