There is a subdivision located in North East Mesa, AZ called Moondance located in the 85207 zip code. Cute homes with great homes available from $95K to $140K. Currently there are 9 homes in Moondance available for sale. 1 of which is pending. There have been 8 homes sell in Moondance in the last 6 months from $82K to $141K. There are great schools located in this community. Falcon Hill Elementary School is located in the subdivision while Fremont Jr High and Red Mountain Usery Pass , boating at Saguaro Lake , tubing down the Salt River , and other outdoor recreational activities. Red Mountain Multigenerational Center
Tuesday, January 4, 2011
Wednesday, November 10, 2010
Window to Homeownership
Buying a City of Phoenix NSP home has its advantages
The city of Phoenix Neighborhood Stabilization Program (NSP) offers a homeownership assistance program for recently renovated foreclosed homes, providing $15,000 for down payment, closing costs and a 3 year home warranty.
And, if you buy an NSP home by 12/31/10 (and closes by 2/28/11):
You get an energy-efficient Washer and Dryer*
Eligible buyers must be FHA creditworthy and have completed the NSP-required eight-hour Homeownership Education Class and Credit/Budget Assessment counseling course. Buyers must maintain the property as their principal residence and the total household income must be below 120% of area median income. For example, a household of four earning $79,100 or less has the potential to become eligible to participate. Program participants must contribute a minimum of $1,000 of personal funds for down payment or closing costs.
The $15,000 is paid back to the city when the homebuyer sells the home or refinances.
Funds are still available.
For more information feel free to email me at makalani@cox.net or call me at 602/370-5177.
Use this link to view the current list of qualified homes, Phoenix NSP Move-in Ready Home Inventory List
Only valid on NSP renovated homes (NSP's Move-in ready Program) under contract by 12/31/10, and closing by 2/28/11. Buyer must be eligible for NSP. The city of Phoenix reserves the right to remove any property from promotion, or end the promotion at any time. Any dispute regarding this special offer shall be resolved by the city of Phoenix at its sole discretion. *Appliance make and model will be chosen by the city and/or its contractors.
The city of Phoenix Neighborhood Stabilization Program (NSP) offers a homeownership assistance program for recently renovated foreclosed homes, providing $15,000 for down payment, closing costs and a 3 year home warranty.
And, if you buy an NSP home by 12/31/10 (and closes by 2/28/11):
You get an energy-efficient Washer and Dryer*
Eligible buyers must be FHA creditworthy and have completed the NSP-required eight-hour Homeownership Education Class and Credit/Budget Assessment counseling course. Buyers must maintain the property as their principal residence and the total household income must be below 120% of area median income. For example, a household of four earning $79,100 or less has the potential to become eligible to participate. Program participants must contribute a minimum of $1,000 of personal funds for down payment or closing costs.
The $15,000 is paid back to the city when the homebuyer sells the home or refinances.
Funds are still available.
For more information feel free to email me at makalani@cox.net or call me at 602/370-5177.
Use this link to view the current list of qualified homes, Phoenix NSP Move-in Ready Home Inventory List
Only valid on NSP renovated homes (NSP's Move-in ready Program) under contract by 12/31/10, and closing by 2/28/11. Buyer must be eligible for NSP. The city of Phoenix reserves the right to remove any property from promotion, or end the promotion at any time. Any dispute regarding this special offer shall be resolved by the city of Phoenix at its sole discretion. *Appliance make and model will be chosen by the city and/or its contractors.
Wednesday, September 29, 2010
Should I short sale my property?
Lots of you are facing hard times here in Arizona. Tough challenges are being faced and tough questions are having to be answered. Some of you don't know where to begin or even what to do. I deal with lots of people everyday asking me if short selling my property is the right thing to do.
A short sale is when the lender is willing to sell the property for less that what you owe. For some people, there are tax implications that could arise and for others there is not. Best thing to do is seek professional information for either a tax attorney, CPA, real estate attorney, and/or bankruptcy attorney. In most cases, they will all give you different answers, but the bottom line is go with what helps you sleep at night.
You can find out more about the Debt Relief Act of 2007 here. This link to the IRS website should be able to give you an over view of what you are looking at as far as taxes go.
Feel free to call me if you have questions or are considering short selling your home at 602/370-5177 or email me at makalani@cox.net.
A short sale is when the lender is willing to sell the property for less that what you owe. For some people, there are tax implications that could arise and for others there is not. Best thing to do is seek professional information for either a tax attorney, CPA, real estate attorney, and/or bankruptcy attorney. In most cases, they will all give you different answers, but the bottom line is go with what helps you sleep at night.
You can find out more about the Debt Relief Act of 2007 here. This link to the IRS website should be able to give you an over view of what you are looking at as far as taxes go.
Feel free to call me if you have questions or are considering short selling your home at 602/370-5177 or email me at makalani@cox.net.
Tuesday, September 28, 2010
New FHA Mortgage Insurance Premium Information
As previously noted in FYI 10-260, FHA has announced changes to both the up-front and annual premiums that will be applied to FHA loans with a case number assignment date on or after October 4, 2010. The FHA Up Front MIP will be reduced; however, the annual MIP premiums will be increased.
These changes will improve the overall end housing payment for loans with a 15-year term, but FHA loans loan terms greater than 15 years will increase. The exact amount may vary slightly based on the loan scenario, but the housing payment for an average 30-year Fixed FHA loan (with a 5% interest rate) will increase approximately $25 on a $100,000 loan amount.
Anyone of these fine loan officers will be able to help you get prequalified and see if FHA is right for you.
Nick Watland
Senior Mortgage Loan Originator
Pinnacle Bank
14287 North 87th Street, Ste. #123
Scottsdale, AZ 85260
(480) 609-0055 Main
(480) 609-8958 Fax
(602) 821-5214 Cell
nwatland@pinnaclebankaz.com
Glen Barnett
FNB / The Platinum Group
Mortgages and Loan Modifications
Direct 480-628-0579
EFax 480-302-5896
Glen@GlenBarnett.com
http://www.glenbarnett.com/
Judi Gustin
Senior Loan Officer
Sun American Mortgage
4140 E Baseline Rd. # 206
Mesa, AZ 85206
(888)863-5245
judi.gustin@sunamerican.com
These changes will improve the overall end housing payment for loans with a 15-year term, but FHA loans loan terms greater than 15 years will increase. The exact amount may vary slightly based on the loan scenario, but the housing payment for an average 30-year Fixed FHA loan (with a 5% interest rate) will increase approximately $25 on a $100,000 loan amount.
Anyone of these fine loan officers will be able to help you get prequalified and see if FHA is right for you.
Nick Watland
Senior Mortgage Loan Originator
Pinnacle Bank
14287 North 87th Street, Ste. #123
Scottsdale, AZ 85260
(480) 609-0055 Main
(480) 609-8958 Fax
(602) 821-5214 Cell
nwatland@pinnaclebankaz.com
Glen Barnett
FNB / The Platinum Group
Mortgages and Loan Modifications
Direct 480-628-0579
EFax 480-302-5896
Glen@GlenBarnett.com
http://www.glenbarnett.com/
Judi Gustin
Senior Loan Officer
Sun American Mortgage
4140 E Baseline Rd. # 206
Mesa, AZ 85206
(888)863-5245
judi.gustin@sunamerican.com
Monday, September 20, 2010
Woman's Council of Realtors Superstition Mountain: Sweet Indulgence at Encanterra
Woman's Council of Realtors Superstition Mountain: Sweet Indulgence at Encanterra: "Have you been out to see this community yet? You have gotta go! Seriously, it is gorgeous. Encanterra is a Trilogy Country Club and the ame..."
Thursday, January 28, 2010
Top 5 Trends in Social Media for 2010
1. Marketers need a clear social media strategy
2. Maximize social marketing
3. Social is not a role, it’s the business fabric
4. Social is media
5. Social ROI becomes measurable
To see more on how they explain these trends read the full article
2. Maximize social marketing
3. Social is not a role, it’s the business fabric
4. Social is media
5. Social ROI becomes measurable
To see more on how they explain these trends read the full article
Friday, January 22, 2010
10 Things to Know about Real Estate in 2010
1. Prices to bottom
2. Mortgages delinquencies up
3. Foreclosures move upstream
4. Mortgages rates to rise
5. Buyer’s market remains
6. Modification plan could be modified
7. FHA lending standards may increase
8. Tax credit available through June
9. Markets will vary a great deal by region
10. Mobile maps can help
To get more information and read the complete article go here
2. Mortgages delinquencies up
3. Foreclosures move upstream
4. Mortgages rates to rise
5. Buyer’s market remains
6. Modification plan could be modified
7. FHA lending standards may increase
8. Tax credit available through June
9. Markets will vary a great deal by region
10. Mobile maps can help
To get more information and read the complete article go here
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