Phoenix Housing Market Update

Phoenix housing market update including appreciation for the South East Phoenix Housing market. Today we will focus on the Southeast Valley of the greater Phoenix housing market to see where appreciation is strongest and weakest. Here is a color-coded ZIP code map that uses red to show where appreciation is stronger than average and blue to indicate below-average appreciation. ZIP codes with … [Read more...]

Latest Listings in Dreamland Villa

Latest Listings in Dreamland Villa, Dreamland Villa is a premiere 55+ community located in North East Mesa.  Mesa is the third-largest city in Arizona, after Phoenix and Tucson, and the 38th-largest city in the US.  The city is home to 439,041 people as of 2010 according to the Census Bureau.   Mesa is home to numerous higher education facilities.   The Dreamland Villa club house has activities … [Read more...]

What’s in the perfect loan file?

Do you ever wonder why your lender is always asking for more and more documentation when buying a home? Well, here are the items you will need to get your loan in place when buying a home. *2 most recent W2’s (’12 & ’13) *2 most recent years of complete personal (and business if applicable) federal tax returns including all schedules *Most recent year to date paystub(s) covering 1 … [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...]

HUD Shut Down FAQs Update

Ok, I'm getting lots of questions from both buyers and sellers regarding the Government shut down and whether this is going to case issues getting loans.  Here is additional information regarding frequently asked questions and answers.  This information was provided by : Dan Morse, Vice President, Licensed Mortgage Professional with Cherry Creek Mortgage.  You can always contact Dan at … [Read more...]

How the Government Shutdown is Affecting Lending

Everyone is talking about the Government Shut Down and how it will impact them.  In the mortgage world, it does not look like we have to worry, loans are still going through. Homes are still being bought and sold everyday.  At this point, our problem is not getting the loan, if you qualify, but the inventory shortage.  If you are considering selling your home call me.   Please read below courtesy … [Read more...]

Jury awards Oregon woman $18.6M over credit report

In this article from the Associated Press, you will see how important checking your credit scores on an annual bases. Most of the credit bureau's will allow a yearly check of your credit score, and I highly recommend it, even if you are not in the process of buying a home. It will save you time and money when you do go to buy a home or any other large investment down the road. PORTLAND, Ore. … [Read more...]

One bedroom rental in the heart of Scottsdale

You will not want to miss this amazing one bedroom rental at 3600 N HAYDEN RD 2403, Scottsdale, Az 85251. This townhome is in the highly sought after Sunrise townhome complex and on the second level. At 3600 N. Hayden Road 2403, Scottsdale, this property has a work-out room, 2 community pools, and a theater room included in your rent. Close to downtown Scottsdale, and within minutes from Indian … [Read more...]

Estate planning checklist for young folks

The last thing on the minds of young adults heading off to college is drafting a health care proxy and power of attorney. Once they emerge freshly educated four years later, visions of wills and trusts are also unlikely to be on their radar. After all, who thinks about ticking off items on an estate planning checklist while they're still in the throes of figuring out how they're going to pay off … [Read more...]

What if the decedent owned land in more than one state?

The laws of the state in which the deceased was a permanent resident or “domiciliary” govern who would receive all the deceased’s personal property, wherever it was located, and all the deceased’s real property located within the state. Thus probate almost always is undertaken in the home state. If the decedent owned out-of-state real property, the laws of the other state govern who gets it … [Read more...]