Comments for The Phoenix Real Estate Advisor http://thephoenixrealestateadvisor.com The Valley Blog Fri, 12 Mar 2010 04:06:31 +0000 http://wordpress.org/?v=2.5.1 Comment on Phoenix Arizonia Real Estate Market Update for November by Tina Dunne http://thephoenixrealestateadvisor.com/2009/12/11/phoenix-arizonia-real-estate-market-update-for-november/#comment-942 Tina Dunne Mon, 14 Dec 2009 18:03:02 +0000 http://thephoenixrealestateadvisor.com/?p=259#comment-942 Jay, I appreciate your report and the data re the housing market in the Phoenix area. I will be visiting the Scottsdale area in March and would like to check on listings in Sun City Grand. I must sell one or two of my condos in order to make the move so things are taking time. Do you deal with any rentals? Please continue sending your reports as it keeps me focused on where I really want to live. I find them to be very helpful. Tina Jay,
I appreciate your report and the data re the housing market in the Phoenix area. I will be visiting the Scottsdale area in March and would like to check on listings in Sun City Grand. I must sell one or two of my condos in order to make the move so things are taking time.

Do you deal with any rentals?

Please continue sending your reports as it keeps me focused on where I really want to live. I find them to be very helpful.

Tina

]]> Comment on Making Home Affordable- Could it really work? by Jay Otlewski http://thephoenixrealestateadvisor.com/2009/06/12/making-home-affordable-could-it-really-work/#comment-587 Jay Otlewski Tue, 04 Aug 2009 19:25:25 +0000 http://thephoenixrealestateadvisor.com/?p=220#comment-587 Your story is very familar and a lot of my clients experienced exactly what you did. In fact my transaction coordinator goes through some of the same things getting our short sales processed. The difference is we do this for a living, we understnad what your bank is going to throw at you (us) and we plan accordingly. I hope the banks reach a point (a few have) that they can truly help people stay in their home but right now most are so busy handling foreclosed homes they aren't putting forth the effeort to keep people from reaching that point. I wish you luck and hope that you're able to do what you need for yourself and your family. Your story is very familar and a lot of my clients experienced exactly what you did. In fact my transaction coordinator goes through some of the same things getting our short sales processed.

The difference is we do this for a living, we understnad what your bank is going to throw at you (us) and we plan accordingly.

I hope the banks reach a point (a few have) that they can truly help people stay in their home but right now most are so busy handling foreclosed homes they aren’t putting forth the effeort to keep people from reaching that point.

I wish you luck and hope that you’re able to do what you need for yourself and your family.

]]> Comment on Making Home Affordable- Could it really work? by Tim http://thephoenixrealestateadvisor.com/2009/06/12/making-home-affordable-could-it-really-work/#comment-576 Tim Sat, 01 Aug 2009 17:52:43 +0000 http://thephoenixrealestateadvisor.com/?p=220#comment-576 This article describes what happened to me. After three months of phone calls to my lender I am still waiting for them to move on me getting my application for this loan started. When I first heard of the program I called them and was quickly told I would not qualify. I went to the Making Home Affordable website and found out I did meet the criteria. I called a second time and talked to an aggressive customer service agent at my lender that again told me I would not qualify for a loan modification under this act. He was actually rude, and said good luck when I told him i needed something so I wouldnt loose my house since my pay had been cut and the property had lost its value significantly. I went back to the HUD and Making Home Affordable website for a third time to double check the reasons my lender was giving me for the denial. By the third call I had done all my research. Finally, I called my lender, was told I wouldnt qualify and I told him he was wrong because I have had a loss in earnings, I have been current with my payments, and my value of the property has gone down since I first got the loan two years ago. He agreed to transfer me to the loss prevention unit and they sent me a form to fill out, pay stubs, etc. I did this a month or so ago, and still no word from them. If I would have listened to the first, second, or third rep of my lender giving me bad information I would have not pursued this loan modification. I am a professional, college educated, and I have had a terrible time trying to go through this process. This article describes what happened to me. After three months of phone calls to my lender I am still waiting for them to move on me getting my application for this loan started. When I first heard of the program I called them and was quickly told I would not qualify. I went to the Making Home Affordable website and found out I did meet the criteria. I called a second time and talked to an aggressive customer service agent at my lender that again told me I would not qualify for a loan modification under this act. He was actually rude, and said good luck when I told him i needed something so I wouldnt loose my house since my pay had been cut and the property had lost its value significantly. I went back to the HUD and Making Home Affordable website for a third time to double check the reasons my lender was giving me for the denial. By the third call I had done all my research. Finally, I called my lender, was told I wouldnt qualify and I told him he was wrong because I have had a loss in earnings, I have been current with my payments, and my value of the property has gone down since I first got the loan two years ago. He agreed to transfer me to the loss prevention unit and they sent me a form to fill out, pay stubs, etc. I did this a month or so ago, and still no word from them.

If I would have listened to the first, second, or third rep of my lender giving me bad information I would have not pursued this loan modification. I am a professional, college educated, and I have had a terrible time trying to go through this process.

]]> Comment on Sun City Festival in Buckeye Arizona by Pete Kosednar http://thephoenixrealestateadvisor.com/2009/04/27/sun-city-festival-in-buckeye-arizona/#comment-381 Pete Kosednar Sun, 17 May 2009 05:53:51 +0000 http://thephoenixrealestateadvisor.com/?p=197#comment-381 Hey Jay: I really liked Sun City Festival. I did a short drive in the community and I thought it was really nice. Hey Jay:

I really liked Sun City Festival. I did a short drive in the community and I thought it was really nice.

]]> Comment on Real Estate and Mortgage update by Loan Mods http://thephoenixrealestateadvisor.com/2009/02/04/real-estate-and-mortgage-update/#comment-279 Loan Mods Sat, 11 Apr 2009 07:54:24 +0000 http://thephoenixrealestateadvisor.com/?p=167#comment-279 Finally someone who can write a good blog ! I loved your post and will be telling others about it. Subscribing to your RSS feed now. Thanks Finally someone who can write a good blog ! I loved your post and will be telling others about it. Subscribing to your RSS feed now. Thanks

]]> Comment on New Listing in Peoria, Arizona by Loan Mods http://thephoenixrealestateadvisor.com/2009/02/04/new-listing-in-peoria-arizona/#comment-278 Loan Mods Sat, 11 Apr 2009 07:47:52 +0000 http://thephoenixrealestateadvisor.com/?p=168#comment-278 Very well written. This is the kind of information that is useful to those want to increase their SERP's. Keep up the good work. Very well written. This is the kind of information that is useful to those want to increase their SERP’s. Keep up the good work.

]]> Comment on Sun City Festival- Popular Questions I Get by real estate questions? http://thephoenixrealestateadvisor.com/2008/11/17/sun-city-festival-popular-questions-i-get/#comment-153 real estate questions? Wed, 11 Feb 2009 22:26:21 +0000 http://thephoenixrealestateadvisor.com/?p=133#comment-153 Sun City really is a retreat for the wiser generation a place where they can just live and not get bugged by the younger people out there. Sun City really is a retreat for the wiser generation a place where they can just live and not get bugged by the younger people out there.

]]> Comment on Buy a fixer-upper and do the repairs by Jonathan Blackwell http://thephoenixrealestateadvisor.com/2008/09/14/buy-a-fixer-upper-and-do-the-repairs/#comment-45 Jonathan Blackwell Mon, 15 Sep 2008 13:03:56 +0000 http://thephoenixrealestateadvisor.com/?p=99#comment-45 We've enjoyed great success using the FHA 203K and the Fannie Homestyle in this market. That is where the best deals are and we are finding a lot of our borrowers walking into 10-20% equity once the renovation is complete. Jonathan Blackwell We’ve enjoyed great success using the FHA 203K and the Fannie Homestyle in this market. That is where the best deals are and we are finding a lot of our borrowers walking into 10-20% equity once the renovation is complete.

Jonathan Blackwell

]]> Comment on Fissures and the problems they bring by Mike Conway http://thephoenixrealestateadvisor.com/2008/06/19/fissures-and-the-problems-they-bring/#comment-29 Mike Conway Fri, 20 Jun 2008 15:29:27 +0000 http://www.thephoenixrealestateadvisor.com/2008/06/19/fissures-and-the-problems-they-bring/#comment-29 Jay: Thanks for getting the word out about earth fissures. We at the Arizona Geological Survey are making great strides in mapping and informing the public of the location of earth fissures. Of course, mapping all the fissures in the four impacted counties -- Cochise, Maricopa, Pima, and Pinal -- will take several more years. If you or the readers of Valley Blog have questions about earth fissures, please feel free to contact our earth fissure mapping team. Sincerely, Mike Conway Chief, AZGS Geologic Extension Service 416 W. Congress Tucson, 85701 520.770.3500 michael.conway@azgs.az.gov Jay:

Thanks for getting the word out about earth fissures. We at the Arizona Geological Survey are making great strides in mapping and informing the public of the location of earth fissures.

Of course, mapping all the fissures in the four impacted counties — Cochise, Maricopa, Pima, and Pinal — will take several more years.

If you or the readers of Valley Blog have questions about earth fissures, please feel free to contact our earth fissure mapping team.

Sincerely,
Mike Conway
Chief, AZGS Geologic Extension Service
416 W. Congress
Tucson, 85701
520.770.3500
michael.conway@azgs.az.gov

]]> Comment on Short Sales & how it effects buyers/sellers/agents by John Marker http://thephoenixrealestateadvisor.com/2008/02/25/short-sales-how-it-effects-buyerssellersagents/#comment-4 John Marker Tue, 04 Mar 2008 17:20:39 +0000 http://www.thephoenixrealestateadvisor.com/2008/02/25/short-sales-how-it-effects-buyerssellersagents/#comment-4 Jay, I closed a short sale last year and we did it in a total of 3 weeks. The 2nd lien holder took a large hit and the 1st mortgage a small one. Talk to you later. Jay,
I closed a short sale last year and we did it in a total of 3 weeks. The 2nd lien holder took a large hit and the 1st mortgage a small one. Talk to you later.

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