Well, as if we didn't have enough changes taking place at lightening speed, now one more change from Fannie Mae came down effective August 1, 2008. This time the issue swirls around new rules that will affect converting your principal residence to ...
[Read More] We recently wrote a pretty long piece about all the Home Financing Changes over the past year and what it will mean to you. Within that article, we also discussed the fact that Seller Assisted Down payments through programs like AmeriDream and Nehemiah ...
[Read More] We're always into finding nifty little widgets to add to our website and recently found this one. Since we know the cost of commuting in the Phoenix/Scottsdale metropolitan area can be huge, we wanted to add this feature to help you in your decision ...
[Read More] For those of you, like us, who are numbers people, we wanted to pass along some more interesting facts (another hat tip to one of our lending partners, Rob Kanyur at Nova Home Loans in Scottsdale , AZ - www.robk@novahomeloans.com or www.robkanyurcandomortgages.com ...
[Read More] BY THE NUMBER$. (Hat tip to one of our lending partners, Rob Kanyur at Nova Home Loans in Scottsdale, AZ - RobK@NovaHomeLoans.com or www.RobKanyurCanDoMortgages.com Hope you find it as interesting as we did!!! 1. MOST RECENTLY - 7 of the last 9 months ...
[Read More] We don't normally like to turn our blog posts into long diatribes, but at the same time, there have been so many changes this past year in lender financing, as well as multiple changes at Fannie Mae/Freddie Mac and most recently with FHA, we felt it ...
[Read More] The media bombard us daily with the numbers of homes which are in mortgage difficulties. Perhaps, you have wondered if you should get involved in purchasing such a property. The first thing you should realize is that the answer to that question depends ...
[Read More] It's hard to believe that we are into our last month of the summer...though living in Arizona, this heat will stay with us well into late September. Since another month has passed, we'll take a look at the numbers for July 2008. ( Note: This data ...
[Read More] It's great to see that finally the lawmakers in Arizona decided that 10,000 loan originators and front line employees of mortgage companies, brokers and lenders should be subject to screening, processing, licensing and accountability. The law will ...
[Read More] Well summer is in full swing and it's pushing over 110 on a regular basis now ...so that must mean we're well into July and it's time to take a look at the numbers for June 2008. ( Note: This data has been pulled from the Arizona Regional Multiple ...
[Read More] North Scottsdale has parks for family and individual recreation. It is a pleasure to live in a community which has been willing to spend the time and effort to preserve some land for resident enjoyment. Personally, I use the facilities at the Scottsdale ...
[Read More] 6/5/08: Buyer Transaction Saved $162,000 Through Strong Networking, I negotiated a sale of a Brand new home for a buyer in Gilbert Arizona. The Pricing at the Model Home was $374,000. After talking with the builder on several occasions, we were able to ...
[Read More] Regardless of whether you are planning to sell your home now or sometime in the future, you can start making improvements now. Too often, people wait until they want to sell to do the improvements which they have always considered. Then as a realtor, I ...
[Read More] It's hard to believe that another month has passed, but it's time to take a look at the numbers for May 2008. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These ...
[Read More] I just listed a home and property which caused me to stop and think. The home built in 2003 is a territorial "Western" ranch home on an acre plus in a Maricopa "county island." ( That means it belongs to the "county" and not ...
[Read More] What is "predatory" lending? Predatory lending involves unfair and deceptive lending practices which have specifically targeted borrowers who could not qualify for conventional financing such as seniors with equity in their homes, minority consumers ...
[Read More] Recently the U.S. Census Bureau published their latest stats noting that Maricopa County was the fastest growing county in the United States in both 2006 and 2007. According to their latest population estimates, this influx of new people has brought our ...
[Read More] Prior to the "market frenzy," there were some established "guidelines" which helped potential buyers determine how much of a home they could afford. Because of the current problems which have evolved due to changes in the "basics" ...
[Read More] Well another month has passed, so let's take a look at how the numbers shaped up for April 2008. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These numbers encompass ...
[Read More] Are you IN or ON the market with your home for sale???? Wondering why you have a lack of activity or activity with no offers???? In the market we are in, the pricing of your home is crucial. If you are not priced right ( and that by the way is determined ...
[Read More] What are you waiting for? If you are a Buyer in the current market, there are amazing buys to be found! Everyone I know in the business wishes that they had "tons of cash" to spend. We see the bargains everyday. There are a plentiful choice of ...
[Read More] Beware of stretching the "truth" when purchasing a home. Not long ago if a buyer "stretched" the truth with a mortgage lender about income or assets, particularly if a "stated income" loan, as long as the mortgage payment ...
[Read More] March is now over, so it's time look at the numbers and how it all shaped up for the month. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These numbers encompass the ...
[Read More] With the mortgage debacle which has gone on over recent months, there is an attempt again being make by legislators to license mortgage originators and loan officers in Arizona. The current bill would require mortgage originators to take a test, take continuing ...
[Read More] The news is out! Finally home sales are up after months of decline. The news says "unexpectedly?" Why "unexpectedly"? Those of us who are in the business have been well aware that the key to getting a home sold in this market has been ...
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