This an acquired property located on Pima and Pinnacle Peak Rd. The main house is 4,134 square feet with guest house of 1,536 square feet. The main house consists of 5 bedrooms and the guest house 2 bedrooms.There is a 7 car garage and property sits on 1.9 Acres cul-de-sac lot. Travertine floors, wet bar with recessed ligths, granite counters and fireplace are just some of the fantastic features that include a pebble tech pool. List price is $999,900. Terrific Deal!
This weekend from October 24th to October 27th, admission to the Arizona Science Center is free. Thanks to Fry's who is sponsoring this opportunity, the Science Center will be available to all. In addition to that guests will be able to sample Fry's products from 11am to 3pm on Saturday and Sunday. And the fun does not stop there. Recruiters from the TV reality show Supernanny will be on site each day from 10 a.m. to 5 p.m.
At a time when Arizona image is the cowboy mentally after a protester showed up with guns to make his statement while Obama delivered a statement to the Veterans Convention, good news are heading our way. Finally. This week the money magazine chose Surprise as one of the 25 best places to retire. Awesome!
After the booming from 2005 to 2007 when prices of new homes skyrocked, Surprise has now a glut of REO properties that make it very affordable. Although foreclosure is at all time high, bank owned properties are moving fast. Proximity to the Luke Air Force Base and home for some baseball team spring season, make this community a vibrant force in the Arizona economy.
If you are looking for a deal among REO/bank owned properties or Short sale, this is the time to move!
When the admnistration introduced regulations to stop the foreclosure bleeding that was affecting the health of our economy, the Making Home Affordable came to life. Under the Making Home Affordable the servicers that agreed participating will receive $1,000 up front and another $1,000 up to 3 years for every successful loan modification. On the borrowers side, they will receive a $1,000 per year up to 5 years that goes straight to their balance provided they are current. And the investor will receive $1,500 bonus while servicers will receive $500.
The Making Home Affordable was amended on April, 2009 to address the short sale. Under the guidelines, servicers will receive $1,000 for a successful short sale or DIL (deed in lieu of foreclosure), borrowers are eligible up to $1,500 for relocation expenses and the Treasury will "share the cost of paying junior lien holders to release their claims, matching $1 for every $2 paid by the investors, up to a total contribution of $1,000 by Treasury".
Please note that while the modification side of the Making Affordable program will expire on June of 2010, the short sale side of it will expire on December of 2012. It seems that short sale will be in for a while and if that will impact the REO inventory is yet to be seen. What is your take?
Good news in the horizon! Despite all the foreclosures and job losses related to the housing industry, Phoenix came in 93rd as family-friendly in survey by the Children's Health Magazine. The survey took in consideration criterias such as schools, crime, health care, culture and the economy.
As we move into 2009, a better future starts to shine ahead!
