Back in October we posted information on our blog about the vandalism that was going on in foreclosed homes across the Phoenix Valley. Since then the problem is still happening.
As Realtors, many foreclosed houses we show buyers have the appliances removed, counter-tops removed, some have cabinets, mirrors, ceiling fans and lights, door knobs and anything [...]
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foreclosures in phoenix,
vandalism in foreclosures
In this economy once a home owner has determined they cannot sell their home for the price they want, some of them turn to renting the home. One factor not to be forgotten when homes are rented are the Home Owner’s Association (HOA) rules.
If you are the owner of a home, be sure that the [...]
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home owner associations,
landlord tips
We ran across an Internet tool that may be helpful if you are a landlord who handles your own credit checking for potential renters? MySmartMove.com is an Internet tool you will likely want to keep on file.
This website tool will do a credit and criminal check on your renters for about $30. As a landlord [...]
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credit check tools,
landlord tools,
tools for investors
Changes are coming for home buyers wanting to buy homes using a FHA loan.
The FHA sent out a press release on their proposed changes. More details are said to be coming forth by end of January 2010.
Here are some of the major revisions that have been announced:
1. Mortgage Insurance Premium – up-front to go from [...]
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fha loans
The govt has announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties. This move was in an effort to stabilize home values and improve conditions in communities where foreclosure activity is high.
The waiver will take effect on February 1, 2010 and is effective [...]
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arizona foreclosures,
FHA lending,
flipped property
When buyers are ready to buy a home, they must be pre-approved for a loan, if they are planning to use a loan, and not cash to buy. There is a form in Arizona called a Loan Status Report which must be signed off by the lender who is pre-approving them for a loan.
A mistake [...]
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arizona home buyers,
loan brokers,
loan status report