Financing | Buying Arizona Real Estate

What do you do if the homeowner just doesn’t want to sell their negative equity home? – Thomson Law PLC

What do you do if the homeowner just doesn’t want to sell their negative equity home?

I imagine this is rare, but it has come up more than once when a homeowner is faced with the point today where they can no longer afford their home or it no longer makes sense to keep paying on [...]

Loan Mods and Unicorns – Thomson Law PLC

The Loan Mod Myth

What do Successful Loan Mods and Unicorns have in common? They are both mythical creations. The difference is that Successful Loan Mods did exist at one time before HAMP, but now seem to have gone the way of the dinosaur. Although there is that rare individual that receives a “permanent” modification, [...]

The Upside of Short Sales

note: I received this in an email, and thought it was worth sharing:

For the last few months we have been writing articles to keep Realtors informed on issues relating to short sales. We have had comments from some Realtors that they are afraid to handle short sales because of the risks involved. But lets look [...]

New Fannie Mae Waiting Periods for Sellers of Distressed Homes

from Rebecca Roberts, Mortgage Banker with The Lending Company, Inc.

Advising Short Sale and Deed-in-Lieu Clients 2010

If you are working with a client who has had a short sale or a deed-in-lieu in their past…or you are listing a home and your sellers may have the same issues…Fannie announced new waiting periods, as of July 1, [...]

Purchase a New Home with only a 1% Down Payment?

Introducing the Arizona Home Buyer Solutions™ Program
from The Lending Co. and Rebecca Roberts

Purchase a New Home with only a 1% Down Payment*

Up to a 2.5% gift
Gift to be used for a down payment by homebuyers utilizing an FHA 1st mortgage.
Down payment requirements as low as 1%
Seller can contribute up to 6% for closing costs and pre-paids
Expanded [...]

Cash Strapped Buyers Could Get Shut Out (100% financing)

Cash Strapped Buyers Could Get Shut Out

If you have buyers in need of 100% financing, take notice! One widely popular tool for funding is about to run out of money. Buyers that need a no down payment loan guaranteed by the USDA are running out of time to get their deal done.

USDA Rural Home Loans [...]

Those Who Wait Will Pay Thousands More This Spring

Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).
Coming just weeks before the April 30 [...]

Loss Mitigation Programs

An interesting email I received from Stan Van Dyk of Cash Funding Options:

Hi All:
Today, I’m going to show you how the government’s
moratoriums and loss mitigation programs have affected
foreclosures and shadow inventory.

Shadow inventory is made up of all the properties that are
in foreclosure or headed toward foreclosure that haven’t
hit the market yet. There are 7 [...]

The Phoenix Real Estate Weekly 2/5/2010

Courtesy of Barb Savoy-Pacella ABR, CNRS, CHMS
Director of Business & Career Development
Keller Williams Arizona Realty

This week appears to be a good news/perhaps not so good news week in the market.

The good news is that the totals for notice of trustee sale for the month of January are in. In Maricopa County 6,762 notices were served [...]

FHA waives the 90 day flip rule

I received a nice email from Michael Neill of American Alliance Mortgage Company with the following fantastic news:

BREAKING NEWS!!!!!FHA WAIVES 90 DAY FLIP RULE

HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS

Measure to help bring stability to home values and accelerate sale of vacant properties

In an effort to stabilize home values and [...]

Buying Arizona Real Estate

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