Laura McDaniel and Katy Mosley

FHA Short Refinance option - Another Option for Underwater Phoenix Homeowners

FHA Short Refinance option - Another Option for Underwater Phoenix Homeowners

Starting September 7, 2010 - FHA is reaching out to Phoenix Homeowners and others who have NON-FHA loans. This new addition to the refinance option may help Phoenix homeowners who are underwater (owing more than their home is worth). Phoenix home borrowers who are current on their mortgage, and whose lender will agree to write off at least 10% of the unpaid principal balance of the first mortgage will have the opportunity to qualify for a new FHA loan.

Here are some of the key determining factors.

Phoenix homeowner must:

• Participate voluntarily
• Requires consent of all of the lien holders (Lenders)
• Must owe more than the home is worth
• Be current on their mortgage
• Must qualify for new FHA loan under current standard FHA underwriting requirements
• Have a credit score of 500 or more
• Home must be primary residence
• Existing leinholder (lender) must be willing to write off at least 10% of principal loan balance bringing the combine loan to value to no more than 115%
• Any existing loan to be refinanced must not be FHA loan and have a lone to value ratio of no more than 97.75%

If you are interested in seeing if you qualify you can contact your lender to see if they would be willing to write down a portion of the unpaid principal balance. FHA is offering incentives to second lien holders who agree to full or partial write off of the loan. They are also offering a letter that you can send to you lender.

If you find that this option doesn't work for you, we are hear to help you find one that does. Short Sale may be the option you need. Please find more information regarding Short Sale and Foreclosure Information on our website. Short Sale and Foreclosure Information

I have given you most of the details but to get all the details of the FHA Short Refinance Option and the sample letter to send to your lender you can visit Hud.gov

I hope that the information here helps you to find the solution you are looking for in your current Phoenix housing situation. I will continue to help update you with any new options that I find. Please feel free to subscribe to my blog to have the current updates emailed to you. Make it a great Phoenix Day!

Arizona Foreclosure Laws - Mesa Arizona Foreclosure - What you should know

Short Sales Short Sales Short Sales - Loan Mod not working?

Short Sales Short Sales Short Sales - Loan Mod not working?

Need Help? I want to help, not just for the sale. I want to help to make a difference and change the stressful situations that I see homeowners facing every day!

I know that you are hearing it from your family, your neighbors, the people you work with, and may be in some situation regarding your homes mortgage yourself. I hear from many that the banks are not working with them to get their loan modification worked out or some that say they are not getting real answers from their lender at all.

You are not alone and I can help! Short sales in most cases do work! If you are ready to change your current situation a Short Sale may be the answer for you. I have buyers looking to purchase homes and your home may be just what they are looking for.

Short Sale Vs. Foreclosure Workbook

You can download a free Foreclosure Vs. Short Sale Workbook to see how your situation looks. You can always call me directly. Laura Direct 602-684-9224 I want to help find the best solution for you. Education is key in our distressed property market. If we stick together, people helping people we can get through the trying times!

A good place to start may be Free Home Evaluation of your property and it is available for you with no obligation. Remember I want to help you find the solution for you if you are struggling to make your mortgage payment, a short sale may help, but whatever that solution is I will be straight forward and with understanding that each situation is unique.

Together We Are Stronger!

Short Sales in Mesa - What You Need to Know about Buying a Short Sale

Thinking of Making an Offer on a Short Sale Property in Mesa Arizona? What You Need to Know about Buying a Short Sale

Are you looking to buy a new home in Mesa Arizona? Are you thinking that now's a great time to find bargains? That's true, but it pays to know a little about the seller's situation before you make an offer.

If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. Many more home owners are finding themselves in this situation due to a number of factors, including job losses, aggressive borrowing against their home in the days of easy credit, and declining home values in a slower real estate market.

A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure. But a short sale holds many potential pitfalls for buyers. Know the risks before you pursue a short-sale purchase.

You're a good candidate for a short-sale purchase in Mesa Arizona if:

· You're very patient. Even after you come to agreement with the seller to buy a short-sale property, the seller’s lender (or lenders, if there is more than one mortgage) has to approve the sale before you can close. When there is only one mortgage, short-sale experts say lender approval typically takes about two months. If there is more than one mortgage with different lenders, it can take four months or longer for the lenders to approve the sale.

· Your financing is in order. Lenders like cash offers. But even if you can’t pay all cash for a short-sale property, it’s important to show you are well qualified and your financing is set. If you're preapproved, have a large down payment, and can close at any time, your offer will be viewed more favorably than that of a buyer whose financing is less secure.

· You don’t have any contingencies. If you have a home to sell before you can close on the purchase of the short-sale property—or you need to be in your new home by a certain time—a short sale may not be for you. Lenders like no-contingency offers and flexible closing terms.

If you're serious about purchasing a short-sale property, it's important for you to have expert assistance. Here are some people you want to work with:

· Experienced real estate attorney. Only about two out of five short sales are approved by lenders. But a good real estate attorney who's knowledgeable about the short-sale process will increase your chances getting an approved contract. Also, if you want any provisions or very specialized language written into the purchase contract, a real estate attorney is essential throughout the negotiation.

· A qualified real estate professional.* You may have a close friend or relative in real estate, but if that person doesn’t know anything about short sales, working with him or her may hurt your chances of a successful closing. Interview a few practitioners and ask them how many buyers they've represented in a short sale and, of those, how many have successfully closed. A qualified real estate professional will be able to show you short-sale homes, help negotiate the purchase when you find the property you want to buy, and smooth communications with the lender. (All MLSs permit, and some now require, special notations to indicate that a listing is a short sale. There also are certain phrases you can watch for, such as "lender approval required.")

· Title officer. It’s a good idea to have a title officer do an initial title search on a short-sale property to see all the liens attached to the property. If there are multiple lien holders (e.g., second or third mortgage or lines of credit, real estate tax lien, mechanic’s lien, homeowners association lien, etc.), it's much tougher to get that short sale contract to the closing table. Any of the lien holders could put a kink in the process even after you’ve waited for months for lender approval. If you don’t know a title officer, your real estate attorney or real estate professional should be able to recommend a few.

Some of the other risks faced by buyers of short-sale properties include:

· Potential for rejection. Lenders want to minimize their losses as much as possible. If you make an offer tremendously lower than the fair market value of the home, chances are that your offer will be rejected and you’ll have wasted months. Or the lender could make a counteroffer, which will lengthen the process.

· Bad terms. Even when a lender approves a short sale, it could require that the sellers sign a promissory note to repay the deficient amount of the loan, which may not be acceptable to some financially desperate sellers. In that case, the sellers may refuse to go through with the short sale. Lenders also can change any of the terms of the contract that you’ve already negotiated, which may not be agreeable to you.

· No repairs or repair credits. You will most likely be asked to take the property "as is." Lenders are already taking a loss on the property and may not agree to requests for repair credits.

The risks of a short sale are considerable. But if you have the time, patience, and iron will to see it through, a short sale can be a win-win for you and the sellers.

* Not all real estate practitioners are REALTORS®. A REALTOR® is a member of the NATIONAL ASSOCIATION OF REALTORS® and is bound by NAR’s strict code of ethics.

Note: This article provides general information only. Information is not provided as advice for a specific matter. Laws vary from state to state. For advice on a specific matter, consult your attorney or CPA.

Buying a Short Sale property in Mesa Arizona can be easy if you have the right tools. For lots of FREE information on the Buying Process visit our "Mesa Arizona Real Estate" page.

You can access Short Sale Properties on my website 24/7, to begin "Search Short Sales" . For a customized search that sends properties to you via email click our "New Listing Notifier".

Please feel free to call and ask questions if you need an answer.

Katy Mosley, Broker/Owner of Southwestern Style Real Estate

www.valleymove.com

Reprinted from REALTOR® magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved.

Phoenix Housing Market - ARMLS Stats For July are In

Phoenix Housing Market - ARMLS Stats For July are In

Phoenix Housing Market Statistics

What's in the numbers? Do they even really mean anything? The questions relating to the current market and the future of the market continue to be a question on everyone's mind these days.

Is my Phoenix home ever going to recover in value? Will I be able to sell my phoenix home? Should I keep my Phoenix home? Should I short Sell my Phoenix home?

All of these questions that you as a Phoenix Homeowner face daily can be very daunting and not having the answers can be a very frustrating experience. My business partner and I have made changes to our website to help you find some of the answers to questions regarding changes that have taken place in the Phoenix Housing Market and are here to help you sift through the questions on your mind and find the answers. One of the things added is a monthly statistical report provided by our association with the Arizona Regional Multiple Listing Service to our website so you the Phoenix homeowner may have access to this tool. A report showing what the Phoenix Housing Market is doing using numbers and graphs and easy to read narrative. While the statistical thing is not for everyone, some find it just what they need to stay current and up to date. Be in the know with a compilation of what is happening in the specific market rather than the nation as a whole. Let's face it Phoenix for the most part is set apart from most other states with being a hot spot for those suffering from the cold and harsh winters. The amenities here are sought by many and that continues to be a bright spot in our future and for the future of the Phoenix Housing Market.

After taking a look at the ARMLS Stats for July if you want to talk specifics regarding your particular property we are here for you with no cost or obligation and want to help you find the right choices for you in a distressed property market. Please don't hesitate to contact us or sign up for updates of Phoenix Real Estate Talk so you can know just what is happening in your Phoenix Housing Market.

Popsicles Popsicles Popsicles - Cool Summer Treats

Popsicles Popsicles Popsicles - Cool Summer Treats

Oh is it ever hot! Phoenix in the summer can be overwhelmingly hot!

There are jokes...You know your in Phoenix when...The cold water from the tap comes out hot, when you can cook your breakfast on the sidewalk...

You get the picture! Stay Cool Phoenix Have a Popsicle!

Solution?? Popsicles! Popsicles and more Popsicles!

This is seriously how my kids survived the heat in the summer. While they are all growing up and getting what you would think are outgrowing some things, when it comes to Popsicles, I always have some in the house and no one ever refuses one when I offer. Let's face it they come in all sizes, shapes, flavors, colors and you never get bored with the choices. Make them with fruit juice and let them have as many as they want. Really what can it hurt? It's a great way to cool off!

I found this great site with tons of great recipes for homemade popsicles, smoothy pops, jello pops, swirl pops, pudding pops, yogurt pops...it goes on and on. Check it out 50+homemade popsicles

Enjoy the summer and stay cool!

Considering Phoenix Short Sale? — Read the Short Sale Seller Advisory

Selling your Phoenix
Home Short Sale

When it comes time to sell your home in Phoenix, are you going to need to sell short sale?

A short sale is a sale your Phoenix property in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when the you cannot pay the mortgage on the property, but the lender decides that selling the property at a moderate loss is better than pressing you. Both parties consent to the short sale process, because it avoids foreclosure, which involves hefty fees for the bank and poorer credit outcome for the borrower(s). Short sale has many factors and you should be educated on. The process and the legal and financial risks of agreeing to a short sale can be confusing.

Having representation from a Trusted Real Estate Professional is crucial.

Be cautiously aware that there are predatory rescue scams and short sale fraudulent schemes out there. Make sure that you read through the Short Sale Seller Advisory before you list your Phoenix Home Short Sale.

There are many factors to consider before you ever get to the point of listing the Phoenix property for sale.

One of the best documents out there is the Short Sale Seller advisory. This document was put out by the Arizona Association of Realtors. Specifically created to help the consumer become educated.

The Short Sale Seller Advisory document and much more information regarding selling your Phoenix home Short Sale can be found on my website on the Short Sale and Foreclosure Information tab.

Please do not hesitate to comment with questions you may have or
simply contact us directly.
ShortSales@Valleymove.com

We want to help provide Phoenix Home Owners like yourself with as
much information and help as we can.

We are here as your advocate in this distressed property market .

Avoid Foreclosure in Phoenix, AZ - 10 Options

Avoiding Foreclosure in Phoenix AZ-10 Options

If you are facing foreclosure you have options!

We understand how frustrated and confusing this new real estate market can be and we would like to help you understand your options.

Do you know your options when facing a foreclosure?
Below are some that you should be aware of and may help you avoid foreclosure of your Phoenix Arizona home.

10 options to Avoid Foreclosure in Phoenix AZ

1. Don't do anything—When a homeowner decides to ignore foreclosure, most likely they will lose their home at a foreclosure auction. This option adversely affects a homeowner's credit report and is NOT the best option.

2. Refinancing—Pay off the entire loan amount plus any default amount. This new debt is normally at a higher interest rate and there may be prepayment penalties created by the recent default.

3. Loan Modification—Using the current lender to refinance the debt or extend the term of the loan. This option may allow the homeowner some extra time to catch up on their payments. However you must prove to the lender, that you have fixed the problems that caused the late payments.

4. Forbearance—Arrange a repayment plan with the lender, based on the homeowners current situation. The lender may even be able to provide a temporary payment reduction or even a suspension of payments. The lender will require information to validate the homeowner is able to meet the new payment plan.

5. Reinstatement—Pay off the entire default amount plus; interest, attorney fees, late fees, and taxes.

6. Partial Claim—A loan from the lender for a second loan to include missed payments and fees.

7. Deed-in- lieu—Give the property back to the bank. Banks generally require the home be in good condition. This option also requires all mortgage payments and taxes must be current. In applying for a new home, most lenders ask if a deed-in-lieu has ever happened.

8. Bankruptcy—This option can liquidate debt and allow more time for the foreclosure process to occur, but this option will not stop foreclosure. We can refer you to a qualified bankruptcy attorney if you are considering this option.

9. Sale—If the property has equity, the homeowner may sell the home without lender approval through a conventional home sale.

10. Short sale—A negotiated, discount payoff of the loan with the bank. This is a complex process in which we have simplified for the homeowner. A successful short sale is the best way to stop a foreclosure. Best of all, a short sale may allow a homeowner to obtain another home in 1-3 years. See the Short Sale Seller Advisory available on my website.

We hope that by reviewing the 10 options to avoid foreclosure in Phoenix AZ,  you will be able to analyze your situation and consider a foreclosure option that is right for you. Feel free to contact us with questions. We want to help in any way we can.

Several of these options could have an adverse effect to your credit and could have legal ramifications. Keeping that in mind we recommend that you seek additional advise from an accountant or an attorney.

When you feel comfortable, take action right away so you have enough time to complete the solution you choose.

To further assist you with your options to avoid foreclosure in Phoenix, AZ; we are happy to email you a copy of Foreclosure Information Workbook.

Loan Modification - How do I do a Loan Modification on my Mesa Arizona Home?

Many Mesa Arizona homeowners have decided to avoid foreclosure by applying for a Loan Modification.  If you are considering a loan modification you are probably wonder How do I do a Loan Modification on my Mesa Arizona Home?

First you need to verify that you qualify for the Loan Modification on you Mesa Arizona Home. One of the criteria in determining if you qualify is proof of a hardship. A proof of hardship can very depending on the homeowners individual situation; most lenders will consider loss of income, death of a spouse, illness, devoice or separation. If you meet one or more of the above hardships, you will need to explain the hardship in a Hardship Letter.

In addition to the Hardship Letter your lender will want to see current Financials.  So, you will want to gather your Last years w2s, 1099s, profit & loss statements and last 2 years tax returns for the self employed, proof of other income, 1 month of paycheck stubs, 1 month of bank statements, 1 month of investments statements, current bills, and a credit authorization. There may be additional forms required by your lender and their requirements can usually be found on their website.

Once you have gathered all of the information you will want to submit it to your lender via their preferred receipt method (ie Fax, email or mail). Your Loan Modification package will be reviewed which could take as little as 2 weeks but could take as long as 120 days depending on your lender and the circumstances surrounding your Loan Modification.

During the review process, the lender may require an inspection of the property to determine current condition. The lender will usually contact a real estate professional to perform a  Broker Price Opinion (“BPO”)  or a drive by inspection which gives them an idea of current market value. In some cases they will even hire an appraiser to do a formal inspection and appraisal of the home.

As a Mesa Arizona Homeowner considering a Loan Modification it is critical that you be armed with as much information as you can. Contact us today to schedule your confidential, one on one meeting and Loan Modification Guide.

Unfortunately, not everyone will qualify for a  Loan Modification and if that is the case for you, there are other options. We are happy to review those with you when we meet.

Avoid Foreclosure in Mesa Az-10 Options

We know how frustrated and confused you must be and would like to help you understand your options.

There are options when facing foreclosure that you should be aware of and many will help you avoid foreclosure of your Mesa Az home.

10 options to Avoid Foreclosure in  Mesa Az

1. Don't do anything—When a homeowner decides to ignore foreclosure, most likely they will lose their home at a foreclosure auction. This option adversely affects a homeowner's credit report and is NOT the best option.

2. Refinance—Pay off the entire loan amount plus any default amount. This new debt is normally at a higher interest rate and there may be prepayment penalties created by the recent default.

3. Loan Modification—Using the current lender to refinance the debt or extend the term of the loan. This option may allow the homeowner some extra time to catch up on their payments. However you must prove to the lender, that you have fixed the problems that caused the late payments.

4. Forbearance—Arrange a repayment plan with the lender, based on the homeowners current situation. The lender may even be able to provide a temporary payment reduction or even a suspension of payments. The lender will require information to validate the homeowner is able to meet the new payment plan.

5. Reinstatement—Pay off the entire default amount plus; interest, attorney fees, late fees, and taxes.

6. Partial Claim—A loan from the lender for a second loan to include missed payments and fees.

7. Deed-in- lieu—Give the property back to the bank. Banks generally require the home be in good condition. This option also requires all mortgage payments and taxes must be current. In applying for a new home, most lenders ask if a deed-in-lieu has ever happened.

8. Bankruptcy—This option can liquidate debt and allow more time for the foreclosure process to occur, but this option will not stop foreclosure. We can refer you to a qualified bankruptcy attorney if you are considering this option.

9. Sale—If the property has equity, the homeowner may sell the home without lender approval through a conventional home sale. We can refer you to a professional real-estate agent if you are considering this option.

10. Short sale—A negotiated, discount payoff of the loan with the bank. This is a complex process in which we have simplified for the homeowner. A successful short sale is the best way to stop a foreclosure. Best of all, a short sale may allow a homeowner to obtain another home in 1-3 years.

We hope that by reviewing the 10 options to avoid foreclosure in Mesa Az; that you will be able to analyze  your situation and make a decision that is right for you.

Several of these options could have an adverse effect to your credit and could have legal ramifications. Keeping that in mind I recommend that you seek additional advise from an accountant or an attorney. 

When you feel comfortable, take action right away so you have enough time to complete the solution you choose.

To further assist you with your options to avoid foreclosure in Mesa, Az; we are happy to email you a copy of Foreclosure Information Workbook. 

Phoenix Area Home Buyers - You Can Save Time and Money!

Phoenix Area Home Buyers - You Can Save Time and Money!

Everyone wants to save time and money. It is a part of everything you hear these days and

part of just about everything you do. Let's face it in a down economy you have to think about it!

How can you save time and money as a Phoenix Home buyer?

The Key could be as simple as doing some homework to find the Right Realtor!

• What is "The Right Realtor?"
  
  Look for at least the answers to these questions...

1. Is the person representing me a Realtor?
   Having a real estate license does not mean the person is part of the National Association of Realtors who has agreed to uphold a strict code of ethics. Realtor Code Of Ethics
   
2. Is this their career?
   I know this may sound like a funny question but not all agents are in this business as a career. If this is a side job for them they may not be up to date with the changes in the market. It takes day to day working in the real estate market to really know the best way to negotiate an offer on your behalf.
   
3. Can they provide me timely responses?
   Ask! Check how they will be in contact with you and that it matches your preferred method; Phone, email, text, and just how long it will take them to get back to you. It is not a good thing if you get involved in the buying process only to find out that your agent doesn't get back to you and the house that you want is gone.
   
4. How much research and information will they provide me regarding properties that I am interested in?
   Never make an offer on a property without seeing the comparable properties so that you have a good understanding what the property's market value is. Is their a home owners association? How about a Cost sheet for a specific property? Any fees out of the ordinary? We are in a new and distressed property market which means there can sometimes be fees that will be a buyer responsibility if they want to purchase a particular property so be sure you know if there are any and how much.

You should also look for someone that has a list of other professionals to help you.

Need to get pre-qualifed?
Have a good source of a few respectable home inspectors?
How about home warranty companies?

You are going to be looking for someone to guide you through the process so that you are not left in the dark and maybe make costly mistakes. So do your homework first finding not just someone who might match personality wise. Ask the questions or visit their website for answers. A qualified and experienced agent is not going to be offended, rather be glad that you are forward thinking! Want to know about us? ABOUT US

Please comment to this post if you have a specific question I can answer or a comment.

Here is to you finding that perfect property in a market where rates are low and prices are amazing! Happy Home Buying!

Motivation is Key - So I found... Napoleon Hill - Thought For The Day

Napoleon Hill – Thought for the Day - It’s been so long that I don’t even pay attention to how often it is that I get the email… I think it is once a week

I do however Stop what I am doing to read it and reflect!

With all the negativity in the world I am grateful that we have avenues to help us remind us of positive ways to create the realty that we want!

It started when I went to a Bob Proctor’s seminar about the book The Science of Getting Rich, book written by Wallace Wattles. I was awestruck by the power that positive thinking could have in your life. I studied and learned more over the next two years and while I still have a lot more learning to do, I am so grateful that I have tools to help me stay focused on what I truly want rather than getting caught up in the day to day negativity that surrounds us not only in life but in the real estate industry.

I came across Napoleon Hill - Thought for the day It’s FREE! They don’t bug me or try to solicit me. They keep me aware…just what I need.

Today’s message in my inbox:

Napoleon Hill - Thought for the day
Sometimes it is wiser to join forces with opponents than to fight them!

What a better world this would be if we worked together in harmony toward the achievement of our shared goals instead of engaging in petty disputes and turf battles. When you allow yourself to be dragged into personality conflicts, game playing, and arguments about who gets the credit, and disagreements about trivial issues, they only drain your energy and sour your attitude. Plus you waste valuable time that could be spent on far more important matters. When you make an effort to understand others’ motivations, you may well discover that your opponents have far more in common with you than you think. When you cage your ego and look at the situation from the other person’s point of view, you can almost always find a way to work together for your mutual advantage. Actually looking forward to going to work.

I encourage you to sign up for Napoleon Hill – Thought For The Day and not only get the messages but to challenge yourself to read and reflect on every one that comes to you. It has really made a difference in my life and can for you too.

Phoenix - Mesa - Scottsdale Area Local Housing Market Report, First Quarter 2010

Phoenix - Mesa - Scottsdale
Area Local Housing Market Report, First Quarter 2010

With the current changes in this market it is a must for Phoenix area home buyers and sellers to stay up to date with what is going on with the local housing.

So many changes in the past few years have kept everyone on the edge of their seat.

*The Current Median Home Price (2010 Q1) is $140,900 in Phoenix and $166,733 in US.

The Local trend shows prices are up from 12 months ago and growing and most buyers in this market have access still to government-backed Loans. Sales are much stronger than a year ago but they are slow to grow…

The report will show that the economy in Arizona is weaker than that of the rest of the nation but has improved a lot from last month. Let’s keep the faith that we can continue to see improvement.

*With the Phoenix market being historically strong and improvement over the last quarter of 09 we can see that we are more affordable here than most markets which I certainly think is great news for those wishing to own a part of the wonderful Phoenix Area.  Search Phoenix MLS including Phoenix, Mesa, Scottsdale and other cities.

Although the market has signs of improvement you may not be able to wait until the market improves to sell your home if you cannot afford it. As an Arizona Home Seller you do have options. Please visit the Educational and checklist documents to help your find the answers to your questions regarding Bankruptcy, Loan Modification and Short Sales.  Phoenix Home Seller Options

Here you can find the entire Phoenix - Mesa - Scottsdale Area Local Market Report, First Quarter 2010 where I have posted the report for you. I hope that you have found this information useful. Please don’t hesitate to contact us if you have questions or concerns regarding your options for you Phoenix area home or purchasing a property in the Phoenix area. I have tools and information that can help you find solutions in this distressed property market.

U.S. Congress Approved Extending Closing Deadline on Home Buyer Tax Credit

Yesterday the U.S. Congress approved the bill that will extend closing deadline on the Home Buyer Tax Credit for those that qualify. Although this bill will not help buyers who were not under contract prior to April 30, 2010; reports claim that it will help approximately 180,000 home buyers who qualify. For homebuyers that were unable to meet the original closing deadline of June 30, 2010 due to the overwhelming volume of deals to be negotiated with banks and settlement offices; this is great news. The Home Buyer Tax Credit will now give these homebuyers until September 30, 2010 to meet the new closing deadline which will allow an $8000 tax credit for first time homebuyers and a $6500 for others purchasing a new primary residence.

As a Realtor in Arizona, it was very frustrating to see our homebuyers on the verge of losing out on the Home Buyer Tax Credit, because we were at the mercy of banks and settlement offices. When I read that yesterday the U.S. Congress had approved the extension of the Home Buyer Tax Credit closing deadline; I was thrilled for our Arizona buyers. I am encouraged by the extension and am hopeful that banks and settlement offices can meet the new deadline so that homebuyers will not miss out on the Home Buyer Tax Credit due to reasons out of their control.

Are you one of the Arizona Homebuyers that missed out the Home Buyer Tax Credit due to contractual time frames? Don’t worry, that doesn’t mean you have to miss out on all the great deals still available to Arizona Homebuyers. You can Search Arizona MLS on www.Valleymove.com 24/7 or register for our New Listings Notifications which will email you as new homes come on the market.

Phoenix Area Fireworks - 4th of July Celebration in 2010

Phoenix Area Fireworks - 4th of July Celebration in 2010

Where Will You Watch the Fireworks this Year? Here are a few places that you may want to check out to help you in your decision! Be safe and Stay Hydrated!

· City of Phoenix (Downtown Phoenix)

Freedom Wireless Fabulous Phoenix Fourth

Located at Steele Indian School Park, 300 E. Indian School Rd. in   Phoenix (3rd Street and Indian School Road)

· City of Tempe (Town lake Festival)

Produced by The Kawanis Club

Located at Tempe Town Lake, Tempe Beach Park

· City of Mesa (Downtown Mesa)

Arizona Celebration of Freedom

Two full days of fun in downtown Mesa

· City of Chandler (Tumbleweed Park)

Chandler’s 4th of July 7UP Fireworks Spectacular

Independence Day for the entire family located at Tumbleweed Park

· City of Gilbert (Mesquite High School)

Gilbert’s Old Fashioned 4th of July

Fireworks Food and Old fashioned Fun at Mesquite High School

This is a small fraction of the phoenix area fireworks this 4th of July, if you want to find more places to celebrate your 2010 4th of July just hit the Google search! Have a Safe, Fun and Happy 4th of July 2010!!

(Cities are listed in no certain order or preference)