Sedona Homes for Sale will continue to feel foreclosures

Posted By Barbara Baker @ Aug 27th 2010 2:38am In: Sedona Real Estate

Sedona AZ Homes for sale will continue to feel the hit of the foreclosure world.  Saw tonight on Associated Press- that 1/2 of all the mortgages in AZ are underwater.  And we know what that means- seller's will continue to stage strategic default and walk away from their home. And who can blame them?  Even though Sedona is primarily a second home market and people buy their dream homes- in the big boom -most of those dream homes were acquired with arms and no money down loans -and as my mom would say, "The chicken's are now comin home to roost".  So hold onto your hats for Sedona AZ homes for sale will continue to be impacted by the slow but steady stream of foreclosures for years to come.  Become a fan on Sedona Real Estate Page on Facebook, and am still working on the twitter thing, email, web or call or text to 928-301-0669 

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