Neighborhood Stabilization Program
Home Down Payment and Closing Cost Assistance
It' called MONEY - to help you buy a home - Yipee
May 2009: Phoenix just received $39,478,000 in federal funds to help families purchase a home in the city of Phoenix. For a first time homebuyer, this down payment assistance comes in the form of a $15,000 zero interest loan that is repaid when the house sells or borrower refinances.
Homebuyer Requirements
Primary Residence
First Time Homebuyer (has not owned a residence in three years)
Combined with a FHA loan will result in 100% financing
Property Requirements
Single Family Detached, Eligible Condos, and Town homes (no condo conversions)
Must Meet HUD Housing Quality Standards
Must meet FHA property eligibility standards
Foreclosure property lender owned (no short sales)
Sales Price 15% below appraisal value or more
Must Purchase 3 year home warranty contract
Contact me for more details!
This information comes from Julie Messina, CMB
CNN Mortgage, Scottsdale
602-819-1359 phone
480-907-3087 fax
Well more good news!!!!!
We are really doing well sales are strong, here is the update as of May 18, 2009
Overall Market here in Arizona: Inventories are holding at 37,116 - 12891 homes are pending in the last 30days and 9113 have sold
DID YOU KNOW THAT THE LAST TIME WE SOLD OVER 9000+ HOMES IN A MONTH, WAS APRIL 2005
I would say that we are officially in a balanced market.... For now anyway.
I have all the detail for each area, PV, Fountain Hills, Goodyear etc. Just call and I will send them over to you.
Numbers show inventory levels dropped by another 832 units. Now the Valleywide Months of Supply is at 4.1 months.
I have heard that the lenders are starting to list REO properties again. I don't think that 10,000 units is going to be let loose at once though!!!! Still, 94% of the sales are under 400,000. Here at Equity Title, Scottsdale Branch we have seen several over 1,000,000 this month and quite a few in the 400-700 range. REO inventory sits at 15% of the total and about 64% of the sales for the last month. Below I have listed the months of supply by area!
Comments and numbers supplied by Maggie Clark at Equity Title.
I said this last month, but it is worth leaving in for you to read again ..."Unfortunately, we do not know how to identify a bottom to this housing slump - only with the benefit of hindsight. But as it does with the stock market, the moment will probably arrive when everyone is feeling the most pessimistic"
Based on the market information that I just posted...you will see an increase in sales
So if you need to speak with me about investment opportunities here in AZ or for those of you in the north, who have had enough snow in your life….come and buy a home now for your retirement.
See the value in the following MLS’s – you can plug and review buy going to www.ward.com then my listings or search http://www.realtor.com/ or to see some financial numbers for each home, register at http://www.investorloft.com/ click sign up now and use KateWard as the referral code.
It can be a scary time, especially when the door of opportunity is before you…….
Just kick it open, make it work for you….come and enjoy more sun!
Through, this real estate web site, you have the ability to search virtually every home for sale in Scottsdale, Mesa, Las Sendas, Biltmore, Rio Verde, Troon, DC Ranch and Casa Grande and all other local areas. In addition to accessing houses and real estate for sale, this web site features comprehensive community information for Maricopa County areas that can help guide you in making the right buying or selling decision.
Questions, just give me a call 877 553-8921
This web site features every real estate tool you need when looking at Scottsdale real estate and homes for sale in the surrounding East Valley. You can browse exclusive homes for sale, search virtually all Scottsdale area listings through my property search, calculate mortgage payments on your next home with my real estate mortgage calculators, access home buying and selling tips, get tremendous area information about greater Maricopa County including specific information for Scottsdale, Mesa, Las Sendas, Rio Verde, Troon and DC Ranch. Furthermore, you can find out how much your property is worth, and access comprehensive information about selecting me as your real estate agent. If you are interested in learning about Maricopa County, AZ schools, this site also offers thorough school information.
Thanks again for visiting and be certain to contact the email or phone number number above for the best in professional real estate service.
Also as we move through these challenging times, you may have a friend who would benefit from a credit card settlement structure or a home loan modification....just call me, Kate 602 481-5577
1 in 10 are not paying their mortgage and they are experiencing a financial crisis - there are 2 ways to address this - one is a modification to their present loan or a short sale. What is really odd, as I write, trying to reach out; that 7 out of 10 people DO NOT seek out assistance. Across our country there are 5.5 million who are experiencing this financial situation, if you are one, or you know someone, call me
I have suggestions and people who can help 602 481-5577