Blog
Arizona Relocation Due to Arizona Real Estate
August 13, 2009 by Denny Elmes · Leave a Comment
We found this interesting news report showing an increase in the real estate market in Arizona.Lots of Canadians are coming down to take advantage of the Real Estate in Arizona.
View our Arizona MLSListing Page.
Arizona Neighborhood Stabilization Program for Arizona Homes and Arizona Foreclosures
August 12, 2009 by Denny Elmes · Leave a Comment
Creative Commons License photo credit: Larsz
Neighborhood Stabilization Program (NSP) Information
On July 30, 2008, President Bush signed into law the Housing and Economic Recovery Act of 2008 (HERA) to address the severe housing crisis. Title III of the Act appropriates $3.92 billion of grant funds under the Neighborhood Stabilization Program (NSP) for states and local governments to purchase and redevelop abandoned or foreclosed properties. The HERA directed the United States Department of Housing and Urban Development (HUD) and the city of Phoenix to target funding to areas with the greatest needs based on the extent of foreclosures, sub-prime mortgages, and mortgage delinquencies and defaults.
As funding recipients, city, county and state agencies must develop their own programs and funding priorities. However, they must use at least 25 percent of the funds appropriated for the purchase and redevelopment of abandoned or foreclosed homes or residential properties that will be used to house individuals or families whose incomes do not exceed 50 percent of the area median income. In addition, all activities funded by NSP must benefit low- and moderate-income persons whose income does not exceed 120 percent of area median income.
The city of Phoenix has kicked off their first program, “Homeownership Assistance” assisting buyers of foreclosed homes, townhouses or condominiums with $15,000 in down payment and closing cost assistance. If you are interested in finding out how to purchase a foreclosed property using this program please see the information links in the box below “Buying a Foreclosed Property”. If you are a a real estate professional or a lender or a mortgage broker representing a foreclosed property, please see the information links in the box below “Information for Real Estate Professionals and Lenders”.
source:phoenix.gov
Loan Modification Arizona and Foreclosure Assistance
August 11, 2009 by Denny Elmes · Leave a Comment
Creative Commons License photo credit: bradleygene
Arizona has a website designed specifically to help homeowners with loan modifications and foreclosures. The site, http://www.azforeclosureprevention.org/ can help anyone understand and navigate through the process.
There is also information to help keep you from losing your home to a foreclosure or loan modification scam. The Attorney General recommends checking out the tips and suggestions in a “new” brochure: Avoiding Loan Modification and Foreclosure Scams.
If you know anyone who may be faced with foreclosure or the need to modify their loan, please recommend this site.
Buyer Assistance With Phoenix Arizona New Homes Or Resales
August 10, 2009 by Denny Elmes · 1 Comment
Creative Commons License photo credit: Ruth L
Homebuyers offered Homeownership Assistance
The city of Phoenix is now offering $15,000 in down payment and closing cost assistance to help potential home buyers qualify to purchase foreclosed single family homes, townhouses or condominiums.
The Neighborhood Stabilization Program (NSP) allows home buyers to repay the full amount of the loan to the city when the homebuyer sells the home or refinances.
You can learn more about this opportunity by calling 602-262-6602 or click HERE to visit the website. If you are looking to purchase and Arizona Phoenix home, you can also search the Phoenix MLS by clicking HERE .
Quick Tool Using Arizona MLS Information
August 9, 2009 by Denny Elmes · Leave a Comment
Quick Tool Using Arizona MLS Information
Creative Commons License photo credit: kevindooley
The fastest way to find Arizona new homes, land Arizona, foreclosures and more
Finding exactly what you’re looking for during this information age has become, in some ways more difficult because of the shear enormity of stuff. You have to sift through to get to what you want.
Real estate technology however, has taken a leap forward in the cut-to-the-chase race. There is now a mapping tool that lets you digitally fly over an area of interest to see where each listing is located. You can also specify search criteria, even to look only at foreclosures for example. Use your cursor to hover over a listing. The photo, price and address pops up. If you want more information, simply click on it again to see the full listing. A real time saver and VERY cool!
Click HERE to see an example of this new technology being utilized for Arizona MLS properties.
Award Realty was founded in 1994 by a group of agents who wanted to revolutionize the tired, old traditional real estate brokerage business model. Our motto is “Success Through Sharing“. Giving our agents the best in technology, training and support allows them to pass this spirit of excellence on to you. 
