Boo hoo for the CEO of J.P. Morgan Chase. $52M per day profit isn’t enough.

by Jay Thompson on January 14, 2011

J.P. Morgan Chase & Co reported quarterly results today. Their profit is up 47%. How many dollars is that? $4,800,000,000 That’s 4.8 billion dollars. Billion with a B. Profit. In 91 days. I’ll do the math for you. J.P. Morgan Chase made $52,747,252 *in profit* EVERY SINGLE DAY during the 4th quarter of 2010. That includes the days they were closed for business. Fifty … [Read more...]

Phoenix Foreclosure Listings on a Google Map. Scary stuff.

by Jay Thompson on December 18, 2010

I’ve often said that one day Google is going to own the planet, or at least the display of and access to the world’s data… From Jonathan Miller, a New York real estate appraiser, analyst and blogger (and one of the smartest and nicest guys I’ve ever met) comes this little gem – Google Maps of foreclosure listings (via ChartPorn). Apparently buried in the bazillion pages, products … [Read more...]

The Foreclosure Process in Arizona. With spiffy graphic!

by Jay Thompson on September 20, 2010

“How do foreclosures work?” “If I stop making house payments, how long until the lender forecloses on my home?” “I’m thinking about buying foreclosures at auction. What is that process?” Those questions – and some horribly misguided / flat-out wrong answers – come up often in both on and off-line conversations. Before we dive into the foreclosure process in Arizona, allow me … [Read more...]

Phoenix Short Sales: Short Sale Seller Advisory

by Jay Thompson on September 5, 2010

At this moment in time, there are 17,066 homes listed as short sales in the Phoenix real estate market. With 43,998 total listings, that means 38.8% of all homes listed for sale in the Phoenix area are short sales (meaning the owner is attempting to sell their home for less than they owe on their loan(s) -- they are “under water” on their mortgage). In other words, short sales aren’t going … [Read more...]

Thompson’s Realty Welcomes Francisco & Ismar Vallecillos!

by Jay Thompson on July 28, 2010

We are so excited to announce the latest additions to the Thompson’s Realty brokerage. Welcome Francisco amd Ismar Vallecillos! Francisco comes to us from Premier Real Estate where he gained a wealth of experience in REO’s (bank owned homes) and working with investors to buy properties at the Maricopa Trustee Foreclosure Auctions at wholesale prices. A bi-lingual native Arizonan (yes, … [Read more...]