Yes that’s snow in Arizona
And yes I am now offically a wimp in cold weather. Who in their right mind would live where it’s this cold. Down to 41 in Presott
Interest Rates and Credit Card Myths.
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Credit Card Myths. Myth #7 this week.
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Mortgage Interest Rates for Fixed Rate Mortgages* |
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Rates as of Friday, 5th March, 2010: |
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*Rates are subject to change due to market fluctuations and borrower’s eligibility. |
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How quickly Trilogy builds a home
Remember that pile of wood I posted recently of a home in Trilogy? Well just a week and 1/2 it's a framed home.
To get your own visit www.RetiringToAz.com
Short Sales 101
What is a short sale?
A short sale is explored as an option when a homeowner has to sell their home due to a hardship, but they owe more on their mortgage than they can sell it for because of market conditions.
What constitutes a hardship?
The guidelines for a hardship the banks have established include circumstances such as marital (divorce), relocation (forced due to job loss or to keep a job) financial (due to job loss or reduction in income, death, illness) and military service members (deployed causing reduction of income from a civilian job – i.e. National Guard)
How do the banks verify a hardship?
There are several documents the bank will require from a seller before they will approve a short sale including a comprehensive financial statement. For a comprehensive list, email Lynn.
It all sounds complicated. I am nervous to have to deal with the bank myself.
That is why it is important to hire an experienced, caring agent to help you. Lynn will take the burden off your shoulders and put it onto hers.
Who pays Lynn’s commission and other fees of selling a home? I don’t have the money to do so.
Once we negotiate a short sale with the bank, they will pay all the fees including the commission. There will be no cost to you in most cases.
How do we get the bank to approve my short sale?
Lynn is a CDPE (Certified Distressed Property Expert) which means that she has undergone extensive training and weekly ongoing training to know the rules, learn how to negotiate with the loss mitigation departments of your bank and is up to date with all the latest requirements to execute a successful short sale.
Do I have to be behind on my payments to qualify for a short sale?
Absolutely not! Lynn will never advise her client to stop making their payments if it is at all possible to continue to make them for a short time.
Wouldn’t it be easier to just let my home go into foreclosure?
It is easier, but it is the worst thing you can do for your future. Foreclosure is much harder on your credit score than a short sale. It will follow you for a minimum of 7 years. It could affect your ability to be hired, to secure car & renters insurance, to buy a car, to rent a house or apartment and more.
Are there any other options besides a short sale to address my hardship?
Yes there are. It is important for you to know those options and explore every one of the first. Lynn’s job is first to help you try to find a way to stay in your home. There are programs and options that you may qualify for. Lynn can help you explore those options and help you navigate through the process.
Can Lynn contact me with more information?
Yes. Lynn has several free reports that she can send to you to help explain your options – simply email her or call her on her direct line: 623-238-3875 and she will send those reports to you. Please include your name in your email.
I don’t have a hardship, and do not have a need to sell my home, but someone close to me does. Can Lynn contact them?
Lynn would be happy to talk to this person. Please give them Lynn’s phone number and email address and ask them to give her a call.
For more information, visit www.phoenixhomerescue.org today.
Sun City Festival 5th Anniversary Celebration
Del Webb’s 50th Anniversary Celebration
Sun City Hawaiian Luau
Saturday, March 13, 2010 - 11 a.m. to 3 p.m.
Have you thought about buying a home in Sun City Festival in Buckeye, Arizona? If so you should plan a visit to Sun City Festival in the West Valley of Phoenix on Saturday, March 13th, from 11 a.m. to 3 p.m. for a spectacular Hawaiian luau to celebrate Del Webb’s 50th Anniversary! What a great way to learn about all Sun City Festival has to offer! Come relax around the resort-style pool or tour the facilities, including our beautiful model homes, and enjoy a variety of events and activities throughout the day, including:
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For more information about the event, please contact Shelley Silva at Del Webb by calling 928-252-6526 or email her at shelley.silva@delwebb.com to setup your visit. Remember you can always setup a 3-4 night stay in one of their vacation villas and really experience all Sun City Festival has to offer! We hope to see you there! Aloha!
