What are the limits for an FHA loan in 2016 for Arizona?

What are the limits for an FHA loan in 2016 for Arizona?  The FHA single family loan limit for all Arizona counties will remain unchanged in 2016.  The loan limit is $271,050 for all counties except Coconino where it will be $347,000. Higher limits apply for duplex, triplex or fourplex properties. The loan limit of $271,050 is what is called the "floor" at 65% of the national conforming loan … [Read more...]

Top 7 Zip codes for appreciation In Arizona

The top 7 zip codes for appreciation in Arizona are here in the East Valley.  In these 7 Zip Codes, the appreciation has increased over 10% when compared to the 3 months average price per square foot with last years at this same time. The biggest rises in average sales price per square foot over the last year have been in the areas closest to the center of the Phoenix conurbation and close to … [Read more...]

How to Shop for a Mortgage Company

How to Shop for a Mortgage Company-- Dan Morse • Did you know there are 4 types of lenders? Banks, Brokers, Correspondent and Private Money lenders. • Banks use their depositor funds initially and sell the note to Fannie Mae or Freddie Mac. They will underwrite and fund the loan according to FM or FMAC guidelines. The bank will typically send the statements to the borrower– called … [Read more...]

DoYou Need a Professional to Sell or Buy a Home?

In this blog from Keeping Current Matters Current, the article talks about if you should sell your own home or buy your own home.  Well, it is more than just being able to negotiate.  A true Real Estate Professional knows the contract inside and out of the real estate contract, they know what area's make the most mistakes.  Like for instance, your inspection period, did you know that you can … [Read more...]

5 Reasons to Hire a Real Estate Professional

  The real estate market is a place where most people will make their largest investment ever. It is a place where fortunes can be, and often are, made.  It is not a place, however, for you to “wing it”. While the myriad TV shows about real estate make the process look so simple – it’s not really that simple… they make it seem like all you need to do is slap a for sale by owner sign … [Read more...]

SOLD IN 17 DAYS, AND WE CAN SELL YOUR TOO!

I sold 1008 South Park View Circle, Mesa AZ 85208 in 17 days, and in this market that is not totally strange. But what is so amazing, is that this home was on the market for 422 day prior to my listing it. The home was listed with a neighborhood expert and it still didn't sell. But, with so many buyers and not enough inventory in the market, this home should have sold long ago. What's the … [Read more...]

What if Someone objects to the Will?

If someone files an objection to the (probate estate) Will, or produces another Will, what is known as a “Will contest” has begun. While Will contests are not that rare, and while few people actually win one, they can be extraordinarily costly and create incredible delays. It is not just anyone that can contest a Will. For example, if you feel your recently deceased next door neighbor’s out of … [Read more...]

What if someone objects to the will?

If someone files an objection to the (probate estate) Will, or produces another Will, what is known as a “Will contest” has begun. While Will contests are not that rare, and while few people actually win one, they can be extraordinarily costly and create incredible delays. It is not just anyone that can contest a Will. For example, if you feel your recently deceased next door neighbor’s out of … [Read more...]

What are the main duties of a personal representative?

The main tasks of a Personal Representative are to: (1) determine if there are any probate assets; (2) identify, gather, and inventory the assets of the deceased; (3) receive payments due the estate, including interest, dividends, and other income (e.g., unpaid salary, vacation pay, and other company benefits); (4) set up a checking account for the estate; (5) figure out who is going to … [Read more...]

Are Living Trusts Only For Wealthy People?

By Jay Citarella At its core a living trust is a fairly basic document. In fact, designed properly, it can take care of a lot of different needs. The main purpose of a living trust is to transfer assets to heirs in the most efficient manner possible. Tending to various needs surrounding accidents, disabilities or severe illness is another function of a trust. If it sounds like you need to be … [Read more...]