About Gila County, AZ

Last month I ran across a great Loan Officer, Mark Paliscak, with AmeriFirst, 10625 N. Frank Lloyd Wright Boulevard, Scottsdale, AZ 85259. They are Mortgage Bankers (not Mortgage Broker). As a banker, they can underwrite their own loans, draw documents and also fund their own loans. Each one of these steps only takes one business day since they are "the bank".

What this means to you, the borrower, is that they can get your loan closed without delays that most Brokers are experiencing. I asked him to highlight one of the programs they are authorized to offer through Fannie Mae in hopes that one of you might be able to use it as an option for financing your new home. Mark was kind enough to outline the loan program below:

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Home Path Mortgage

We now have an exciting new program sponsored by Fannie Mae called Home Path Mortgage. The program was designed by Fannie Mae as a financing option to help facilitate Fannie Mae's Real Estate owned REO properties and to support market stabilization. The program will definitely help Real Estate agents sell more homes as the program allows for approvals for clients that we previously could not get approved. I have listed some of the highlights of the program below:

1. Eligible properties must be owned by Fannie Mae as a result of a foreclosure or deed in lieu of foreclosure and be designated by Fannie Mar as eligible for a Home Path Mortgage.
2. There is no appraisal required! No more worrying about the condition or if the property will meet value! No appraisal, No worries.
3. Mortgage Insurance is not required for LoanToValue's greater than 80%!
4. All occupancy types are accepted.... Owner occupancy, second homes and investment homes.
5. Down Payment as low as 3%. Second homes to 90% LTV!
6. The program accepts credit scores starting at 580.
7. Seller can contribute up to 6% of buyer's closing costs on owner occupied homes and second homes.

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Using this loan will allow you to avoid the high price of up-front FHA Mortgage Insurance and a monthly MI payment while avoiding the issues that can arise from an appraisal. I encourage you to call Mark at: Tel: 480.289.7630; Cell: 602.526.7478 or Cell: 928.242.7487 to learn more about the program and how it can work best for you!

To get a free list of these bank owned properties in Payson, Arizona, give Sandra Scott a call at

928-978-9047.

http://www.paysonarizonamls.com

8903 W. Tonto Rim Drive

Great location with endless possibilities. 1,269 square foot two bedroom, two bath, two car garage site built home on 1/2 acre in the cool mountain pines of Strawberry Arizona. This home offers a seperate In-Law quarters, and a workshop for that person who loves to tinker! Home has a covered patio and fireplace. Don't wait on this one, bring an offer today! Asking $174,565.00

This is just one of many foreclosure properties listed in Arizona. Arizona Resource Realty specializes in foreclosure properties and have many assets. Our website can be viewed at www.Resourceaz.com. We have all types of properties available from Single family residences to Vacant land and Commercial properties. Now is most definitely the time to be on our buyer list if you are shopping for foreclosure properties. We service all of the Payson and Rim Country into Heber and Strawberry, Pine and Happy Jack. We also cover all of the White Mountain area's including Show Low, Pinetop, Lakeside, Eagar, Springerville, Greer, Snowflake, St. Johns, Taylor, Alpine and Nutrioso. We cover all of the Prescott area including Prescott Valley, Chino Valley, Ashfork. We cover all of Sedona and Flagstaff area's as well including Cottonwood, Camp Verde, and Oak Creek. We provide excellent service to our clients and we look forward to working with new buyers and sellers.

This property is a best deal in this premier Subdivision. Beautiful lot 0.52 acre lot with breathtaking views in a secluded cul-de-sac location. Tall Pines and wonderful building envelope. Dont pass this lot by, it will not last long at this price of $104,900.00

Bank an offer today!

This is just one of many foreclosure properties listed in Arizona. Arizona Resource Realty specializes in foreclosure properties and have many assets. Our website can be viewed at www.resourceaz.com. We have all types of properties available from Single family residences to Vacant land like this one as well as Commercial properties. Now is most definitely the time to be on our buyer list if you are shopping for foreclosure properties. We service all of the Payson and Rim Country into Heber and Strawberry, Pine and Happy Jack. We also cover all of the White Mountain area's including Show Low, Pinetop, Lakeside, Eagar, Springerville, Greer, Snowflake, St. Johns, Taylor, Alpine and Nutrioso. We cover all of the Prescott area including Prescott Valley, Chino Valley, Ashfork. We cover all of Sedona and Flagstaff area's as well including Cottonwood, Camp Verde, and Oak Creek. We provide excellent service to our clients and we look forward to working with new buyers and sellers.

This is the 125th annual, and is billed as the "World's Oldest Continuous Rodeo" It is a Pro-Rodeo event, with professional Cowboys, big time prizes, and lots of excitement. There are events with Cowboy Story Tellers, events for youngsters, a Rodeo Parade down Main St. on Saturday (Aug. 15th) at 9am, as well as the main Rodeo performances.

Here is a link to more information.

As the deadline draws near for the $8,000 Stimulas Package money, I thought we at Four Seasons Realty had better make one final push to bring in some First Time Buyers and find them a home!

So, Four Seasons Realty is sponsoring a free First Time Home Buyher Seminar at our office at 102 E. Main Street in Payson Arizona on Saturday, August 22, 2009.

A mortgage broker will be available to pre-qualify the buyers and a title officer will be present to walk them through the "buying" process.

Flyers featuring homes in their price range will be available for the attendees to browse thru and agents will be standing by to show homes they might be interested in seeing.

We at Four Seasons Realty are excited to be able to make the dream of home ownership a bit more real to the wonderful families in Payson.

So, as they say, YA'LL COME! It will be a lot of fun.

http://www.paysonarizonamls.com