Negotiations with bank owned foreclosure homes must be a win-win for all parties involved to create a successful offer that’s going to be accepted. It just can’t be one-sided all in favor of the one side of the transaction. I’ve seen countless offers with legalese a mile long that could have been stated in a [...]
Ask Joe Weekly Vlog-Can I buy a home with $0 Down?
Yes you can buy a home in Arizona with $0 down and little out-of-pocket expense. $0 down home loan + foreclosure pricing + historically low mortgage rates = a win-win formula for any Arizona homebuyer. Below this weeks video is one of our foreclosure homes in Queen Creek/San Tan Valley area just listed for $89,900. [...]
click here –>HAFA Program Offers Short Sale Help For Phoenix Homeowners To Avoid Foreclosure
Let’s face it, as easy as it may seem to just walk away from a home, the haunt of a foreclosure goes on for years to come, affecting credit and even employment, in some cases. Many people are not aware that foreclosure even can affect their security clearance levels and future employment. Foreclosure is certainly [...]
click here –>Phoenix Real Estate Market Recap–Mortgage Rates Drop To Lowest On Record
Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making home-buying and refinancing the most attractive in decades for those who can get loans. Freddie Mac says the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week. That’s the lowest since [...]
click here –>Get Your Phoenix Bank Owned Offer Accepted
Negotiations with bank owned foreclosure homes must be a win-win for all parties involved to create a successful offer that’s going to be accepted. It just can’t be one-sided all in favor of the one side of the transaction. I’ve seen countless offers with legalese a mile long that could have been stated in a [...]
click here –>12 Tips for Settling into Your New Arizona Foreclosure Home
Our team of Arizona foreclosure specialists take great pride in helping the foreclosure home search and transaction process go as smooth as possible and we wanted to provide some tips that will also help post-closing after you purchase a foreclosure home.
click here –>$0 Down Payment Required–Queen Creek and San Tan Valley Foreclosure Homes Qualify!
San Tan Valley and Queen Creek homes are eligible for the USDA Single Family Home Loan Program. San Tan Valley and Queen Creek are great areas for First Time Home Buyers for several reasons, mainly because buyers can easily buy a home for under 85K and the homes are new and primarily in great condition. Add that with the [...]
click here –>Are you thinking of walking away from your home? Get Your FREE Home Rescue Report First!
Chances are you or someone you know is facing hardship and possible foreclosure and the key is to understand your options before you have none. Let’s face it, selling your home is not easy – it takes time and when you add the stress of economic instability, possible unemployment or health issues, along with family [...]
click here –>Are We Headed For A Double Dip?
Let’s first define what Double Dip Recession is – this happens when gross domestic product (GDP) growth slides back to a negative after a quarter or two of positive growth. A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession. Contributing factors and causes include inflation, monetary easing by [...]
click here –>Home Sales Slowed After Tax Credit Nationally But Still Up For Phoenix Real Estate Market
According to a recent article from the National Association of Realtors (NAR) existing home sales in June 2010 dropped since since May 2010 after the tax credit expired at the end of April. …Existing home sales which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 5.1 percent to a seasonally adjusted annual rate [...]
click here –>Gilbert & Scottsdale–Arizona Cities Among The 100 Best Places To Live!
According to Money Magazine that recently polled their website visitors, Gilbert, Arizona ranked 36th and Scottsdale, Arizona ranked 71st among the 100 best places to live. Ample job opportunities and affordable real estate ranked high among the list of issues taken into consideration when visitors cast their vote. share this: Bookmark on Delicious Digg this post Recommend on Facebook [...]
click here –>Yes, you can use your 410K and other qualified funds such as IRA to purchase and invest in Arizona foreclosure homes.
The self-directed IRA is a vehicle for diversifying your IRA or other qualified funds into assets such as real estate. With a self-directed IRA there is no advisor or representative that most are used to. You take on that responsibility as the ‘self’ in the self-directed IRA.
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Yes you can buy a home in Arizona with $0 down and little out-of-pocket expense.
$0 down home loan + foreclosure pricing + historically low mortgage rates = a win-win formula for any Arizona homebuyer.
Below this weeks video is one of our foreclosure homes in Queen Creek/San Tan Valley area just listed for $89,900. This home is just one example of a foreclosure home availabe right now that qualifies for the USDA $0 Down Home Loan program.
We're sorry, but we couldn't find MLS # 4439663 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
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Let’s face it, as easy as it may seem to just walk away from a home, the haunt of a foreclosure goes on for years to come, affecting credit and even employment, in some cases. Many people are not aware that foreclosure even can affect their security clearance levels and future employment.
Foreclosure is certainly not the best option, particularly with the advent of HAFA.
Obviously, foreclosure can’t always be avoided, but knowing your options before going into an “ostrich mode” would well be worth the time invested, particularly in light of HAFA, which will even provide relocation assistance money and eliminate the hovering concern of a deficiency judgment when a short payoff has been accepted.
Personally, I’m so adamant about informing the public about their options, I’ve setup a “Home Rescue Network™” at www.AzSPO.com to provide Phoenix area homeowners who owe more on their homes than they are worth (or are behind on their payments) a comprehensive list of their options to avoid foreclosure and a quick questionnaire to help them determine if they are eligible for the new government programs available.
With our National network of top agents around the country, we’re able to refer homeowners to the experts in their area to further educate and help them rescue their homes from the black hole of foreclosure.
Homeowners or Agents who would like more information can email me at RescueTeam(AT)AzSPO.com.
I believe HAFA will help simplify and streamline the use of Phoenix area short sales and the deeds-in-lieu of foreclosure options with the use of the top features HAFA possesses, including:
1.Providing financial incentives to borrowers, servicers AND investors
2.Requiring servicers to release borrowers from future liability for the debt (no deficiency judgments)
3.Using standard processes, documents and timeframes to help streamline and standardize the normally daunting short sale process
4.Complementing HAMP by providing workable alternatives to homeowners who are HAMP eligible
5.Eliminating the need for additional analysis on eligibility by utilizing financial and hardship information collected in conjunction with HAMP
6.Allowing the homeowner to receive pre-approved short payoff terms prior to the property being listed
With more than 11 million homeowners in negative equity positions on their mortgages (that’s roughly 24 percent of all properties with a mortgage), I look forward to seeing what HAFA will be able to do to help borrowers avoid foreclosure and how the goals of HAFA to standardize the process flow, minimize the performance timelines and standardize documentation of short sales will play out.
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Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making home-buying and refinancing the most attractive in decades for those who can get loans.
Freddie Mac says the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week. That’s the lowest since Freddie Mac began tracking rates in 1971. The last time home loan rates were lower was during the 1950s, when most mortgages lasted just 20 or 25 years.
The rate on the 15-year fixed loan dropped to 4 percent, down from 4.03 percent last week and the lowest on record.
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