Phoenix Housing Update for 2010

Bob Bemis CEO of Arizona Regional MLS  shares figures, foreclosures and short sale information on the Phoenix Real estate market with channel 12

Real estate in Phoenix is like a box of Candy

You just don't know what you are going to Get

My 1st Home - Will it be my Dream Home?

That is the question for all those 1st time Home Buyers.... Well the reality is that your 1st HOME most likely will not be your Dream Home.  I have taken out several 1st Time Home Buyers last month and we have had to put offers on several properties to land one. Not to rain on anyone's parade, but that is the Reality.  Then, if that offer is on a Short-Sale you could be waiting months and months and still not land the HOME!
You have to be on your toes today. it almost feels like I am back in 2005-2006 writing offers on the hood of cars, and the investors are out in numbers, making offers on everything.

Don't get me wrong it is a great time to buy!! With the 8K tax credit and low interest rates. Just remember it will take a little time. How long will it take, I don't know..everyone is different. BUT you will know when you walk through the door. 

Wondering why you have not got that Loan -Mod !!!!

This is unbelievable and will get the blood boiling...

Video Marketing and Mortgage News Designed for Mortgage and Real Estate Sales

Video Marketing and Mortgage News Designed for Mortgage and Real Estate Sales

FTC puts the screws to the loan mod industry. Where did all that HAMP money go? Do yourself a favor and ignore the noise... go for it. These guys are GREAT!!!!

Video Marketing and Mortgage News Designed for Mortgage and Real Estate Sales

Fannie Mae Announces 3.5 Percent Seller Assistance on HomePath® Properties

Right from the mouth of BABES!!!!
	News Release
	January 28, 2010
	Fannie Mae Announces 3.5 Percent Seller Assistance on HomePath® Properties Incentive Part of Ongoing Effort to Stabilize Neighborhoods WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today that people purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of appliances. The offer is available to any owner-occupant who closes on the purchase of a property listed on HomePath.com before May 1, 2010. "Attracting qualified buyers to the market and reducing the inventory of vacant homes is critical to stabilizing neighborhoods and helping the market recover. Many families are taking advantage of the federal homebuyer tax credit to buy a new home so this is a great time for Fannie Mae to offer some additional help," said Terry Edwards, Executive Vice President of Credit Portfolio Management. "Homebuyers have the option to choose between financial assistance toward closing costs or new appliances for their home." Properties eligible for this incentive are listed on HomePath.com and most listings include detailed property descriptions, photographs, community and school information and more. In addition, many Fannie Mae-owned properties are eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing which offers homebuyers an opportunity to purchase with as little as 3 percent down.

Posted via web from Living in Phoenix-Real estate-Neighborhoods & Homes