By Reed Lattin

Phoenix foreclosures have become a devastating problem for many families living in the desert. Its estimated that 50% of all homes for sale in Phoenix are either bank owned or short sales. So how and where did all of the phoenix foreclosures start?

Starting in approximately 2003, home prices in the Phoenix area were relatively cheap as compared to national levels. Phoenix foreclosures were present, but were rarely heard of. Interest rates were low, and the job market was solid. In 2003, real estate speculation began to erupt in Las Vegas and many other cities across the country. Many investors from California began to flock to places like Vegas due to the low home prices relative to other major cities. At one point, prices in Vegas had appreciated by over 25% in one year. Very similar to what would take place in Phoenix in 2005.

Many experts believe that a major cause to the huge price run up in Phoenix was due to a large amount of speculators who simply shifted their focus from Las Vegas to Arizona. As a result, 2004 saw huge appreciation gains, and 2005 was even more incredible. Statistics verify that Phoenix had the highest appreciation rate throughout the entire country at over 45%. Speculators as well as regular people looking for a real home contributed to the buying frenzy and boosted prices through the roof.

Unfortunately, these prices became unaffordable to almost everyone. And as a result, prices began to fall and Phoenix foreclosures began to rise. Phoenix foreclosures have been steadily increasing ever since the peak in 2005. Many experts believe that Phoenix foreclosures will continue to climb until 2012. This is due to the adjustable rate mortgages becoming due.

Adjustable rate mortgages (ARMs) have been widely viewed as a major contributor to Phoenix foreclosures. Homeowners who opted for an ARM eventually get a notice in the mail stating that their initial low interest rate is now being set to a higher rate. Often, homeowners cannot afford the new house payment, which leaves them no other choice but a Phoenix foreclosure.

Furthermore, since the home values have declined in value, many homeowners who purchased at the peak are unable to refinance. This is one more explanation of the enormous amount of Phoenix foreclosures. Many homeowners are virtually trapped. They cannot sell due to owing too much and they cannot refinance. There is no other choice, but to face a Phoenix foreclosure. Many view this scenario as extremely negative, but this is simply reality.

So what can be done to ease the amount of Phoenix foreclosures? Experts feel that the government should intervene. In fact, John McCain had pledged to buy up all the bad debt in an effort to relieve homeowners of all the Phoenix foreclosures. Phoenix foreclosures have undoubtedly caused serious problems in thousands of lives here in Arizona. With so many Phoenix foreclosures on record, many peoples credit will be ruined and way of living will be altered. Often times families will have to relocate to find other means of housing.

If you are facing a phoenix foreclosure, call your bank and see if they can help. Many times banks are willing to restructure payments or lower the amount owed. Furthermore, consult with a real estate attorney. When facing a phoenix foreclosure, there will be many legal documents to be reviewed. A good lawyer can be a huge asset.

About the Author: Reed Lattin is real estate investor in Phoenix, AZ Reed works for AllHomesAZ.com which buys all homes AllHomesAZ.com-member of the Better Business Bureau Sell your home fast at

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byAlma Abell

When trying to find a “forever home,” many are discouraged when visiting the selection of pre-owned homes on the market. Maybe the layout isn’t quite right, maybe the kitchen is too small, or the bathrooms will need a total renovation before they work for the family. Whatever the reason, though it may be difficult to find the perfect house, it isn’t impossible. New Home Builders can construct a custom-built dream house, perfect for any family. Surprising to some, when factoring in potential remodeling costs when purchasing a pre-owned home that isn’t up to par, it can be more cost-effective to build a new home from the ground up. This way the exact layout, cabinets, flooring and colors and more can be chosen upfront, ensuring the new home construction will fulfill all the dreams and desires of its owner.

One important factor when discussing homes with New Home Builders, such as those at Lancia Homes, it to confirm the floor plan chosen is one that will accommodate the family now, and in the future. Many build a new home, assuming it will be their long-term residence yet forget to take into account as the years pass and the family grows there may be different needs. Twin toddlers sharing a bedroom may be fine, but as teenagers, they may both want and need their own space. Aging adults may want to consider the hardship stairs may cause as the years add up and instead opt for a home all on one level.

Though it bathroom home may be an extra luxury busy families will appreciate. A family with either young children or teens knows the struggle to keep the bathroom clean. The added stress of the children’s bathroom doubling as a guest bath can make daily cleaning an extra chore. Many homeowners will find the extra “breathing room” provided from an additional half-bath for guests is well worth the minimal extra expense.

When building a new home, take a time to consider all the details, both big and small. This ensures that, when completed, your new home will be the home of your dreams. You can follow them on Pinterest.

By Rick Chappo

Upgrading a bathroom is one of the more popular home improvement projects. Handling the plumbing for draining your shower can be exceedingly simple unless you go overboard.

Handling Your Own Shower Drain Installation Project

Whether you are a bathtub or shower person, most people look for shower only options when buying a home. This simple fact means more than a few homeowners spend a weekend upgrading or installing showers in their bathrooms. Fortunately for you, it is a fairly simple process.

A collector or pan refers to the horizontal surface located at the bottom of the shower. The collector typically consists of a non-slip surface slightly banked towards the center or wherever the drain is located. Combined with three to four inch walls around the side, the goal of your shower drainage plumbing is to get the water to flow to and down the drain.

You can physically build a collector for your new shower, but you really need to think about it. Do you really want to get into the complications of getting the sloping correct, not to mention making sure every aspect of it is waterproof? And I mean every aspect! It is much easier to simply buy a pre-cast collector online or at your local Lowes, Home Depot or hardware store. Building one might sound like a great idea, but you will probably feel differently after a couple of hours.

Regardless of how you go about getting a pan, you should make every effort to use one that has the drain located in the same spot as the original pan. Moving the drain pipes can be a task, particularly if the builder used a unique framing structure. If you are determined to move the drain, you are going to have to cut back the pipe or lengthen it, which may mean ripping up large chunks of the floor. Put another way, you are going to be looking at a multiple weekend project.

Assuming we have our drain lined up, the actual hook up is fairly simple. The drainage pipe should be facing vertical up to the collector. It will often look like a ‘U’, which means it acts as a cleanout to keep nasty smells from coming back up from the drain. To connect the drain, you are going to create a water tight connection between a drain cap on the top of the pan and the drainage pipe. Systems vary, but you are typically going to do this by putting a coupling piece on the top of the drainage pipe. This is then covered with gaskets and literally screwed into the drain cap. The drain cap should act as a locknut, to wit, it screws directly onto the coupling.

The tricky part of this process is getting your drain cap to fit into a watertight position in the pan. This is accomplished by backing off the drain cap once you are sure everything fits together. At that point, you put plumbers putty around the underside of the cap and then screw it back on. The putty should form a tight seal between the cap and the shower pan, which keeps water from trickling under it and into the framing under the shower.

Obviously, bathroom showers come in a wide variety of styles these days. If you purchase a collector, they almost always come with plumbing instructions or the store can note anything unusual you should know. It sounds complex, but is typically pretty straight forward. Have fun!

About the Author: Rick Chapo is with

solarcompanies.com

– a directory of solar energy companies. Visit

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to read more solar power articles.

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By Jo Williams

You are probably familiar with the saying different strokes for different folks. Well, this phrase rings especially true when it comes to computers and their uses. While a computer may be perfect for one person, it may be useless to somebody else. This is because there are so many variations of whats actually inside a computer. For this reason, many people are opting to have their computer systems custom built. If you are one of the many people contemplating a similar idea, you may be unsure as to where to start. In this article, well present you with a guide to choosing a custom built desktop computer.

The number one appeal for people in choosing a custom built computer is price. It is often far cheaper to build a computer than it is to buy one new from a company. To get the most out of your custom built computer, you will first have to identify the key components that you absolutely need. This will help save you time and money. So, lets take a look at the perfect custom built desktop computer for a variety of users.

In todays world, many people use a desktop computer for only two reasons word processing and internet surfing. If you fall into this category of user, you will have no problem choosing a custom built desktop computer. When deciding on a processor you basically have two choices; Intel and AMD. It is important to note that for simple web browsing and word processing, there is virtually no difference between the two processors. It is recommended that you go with an Intel Pentium 4 or an AMD Athlon. This is strictly a matter of preference, and you may want to do additional research to determine which is right for you. You will also want to determine the amount of memory you make available in your desktop computer. Again, for simple tasks such as these, anything more than 512MB will be more than sufficient. The rest of your system can be built with average secondary components, such as sound and graphic cards, and a CD/DVD drive.

If you happen to be a big-time gamer, you will need a computer with more RAM as well as better graphics capability. It is recommended that you upgrade to 1MB or 2MB of RAM. It will also enhance your game-play experience if you install a faster processor, perhaps even a dual core processor. These processors make it much easier to multitask while providing the ultimate gaming experience. Lastly, dont forget to add a nice monitor and speaker system if you are building a computer geared towards gaming. This will also add to your overall enjoyment of your system.

The final type of user we would like to cover in this guide is the person who does a lot of work on the computer. This person will need a high-quality motherboard, which is always the most crucial element of any good computer. A motherboard helps your computer run at its optimum level, while ensuring all secondary components work properly. Somebody who stores a lot of data on their desktop computer will need to invest in a high-end motherboard. In addition, this type of user will also benefit from extra RAM, which will help in storing files.

This guide to choosing a custom built desktop computer should only serve as your first step in making a more informed buying decision. In addition to the aid of this guide, you should also perform thorough research and work with a trusted builder. It is important to remember that what you are putting into your custom built desktop computer will allow you to get the most out of it. Good luck!

About the Author: Jo Williams has an interest in Home & Garden related topics. To access more information on

desktop computer

or on

dell desktop computer

, please click on the links.

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