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 [...]
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, [...]
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
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 [...]
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 [...]
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 [...]
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 [...]
Courtesy of Barb Savoy-Pacella, ABR, CHMS
Director of Business Development
Keller Williams Arizona Realty
Happy New Year!
To view homes for sale, or for additional information about the Phoenix, Arizona market, visit www.PacellaGroup.com.
What a difference one year makes!
As we reflect on 2009 and anticipate 2010 here are some things we know:
* 94% of all properties that sold in 2009 [...]
Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Keller Williams Arizona Realty
To view homes for sale, or for additional information visit us at www.PacellaGroup.com
If we continue on our current trend, it could be very good news for the Phoenix market.
According to the Cromford Report, which analyzes Phoenix real estate data, sales volumes are 63% higher than the [...]
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