Chase is offering $30,000 to homeowners for short sales. -

Troubled homeowners with a mortgage owned by Chase may qualify for some valuable benefits if they agree to a Short Sale rather than letting the home go into foreclosure. These homeowners for whom JPMorgan Chase is actually the lender, not just the servicer, may qualify for the Short Sale Outreach program where Chase will pay up to $30,000 and forego any deficiency in exchange for the homeowner agreeing to a Short Sale. The Lender promises to deal with this sale in an expedited fashion.

The reason behind this seeming generosity is simple math: it is less expensive for the Lender to approve a Short Sale than to take a seriously delinquent mortgage all the way to foreclosure. The national average from first payment missed to foreclosure is 500 days and in states like Florida where the foreclosure cases are still log-jammed, the process takes 600 days.

The average Short Sale is discounted about 12% while the average Bank Owned home loses at least 25% off market value. The losses in mortgage revenue for a foreclosure are around 50% of the money owed on the mortgage.

On the other hand, when JPMorgan Chase is just the servicer they lose the incentive to make this kind of deal because they are no longer the one taking the big losses, and they are receiving higher fees in order to service the delinquent account. The system rewards servicers more the longer the property remains delinquent. If you are a homowner in the Phoeninx metro area and are having trouble with your mortgage, this very well may be a great oppotunity to get rid of the burden and financially benefit, but don't just choose any Realtor. Work with experienced and knowledgeable Realtors like Andrew Texidor @ Solutions Real Estate in order to get the results you deserve! Our team employs the latest technology and marketing to expose our clients homes to the masses and our extensive buyers list helps us sell your home in less time than most Realtors do. Chase is offering $30,000 to homeowners for short sales and you can take advantage by working with Andrew...contact him at 602-909-9414 and you will be doing this dance shortly!

Hello Buyers! Don't let the media and the economy turn you into a full time tenant!

In today's market, most potential home buyers believe they have all the time in the world to pick out there new home, this couldn't be further from the truth, fact is, as of April 2011, there are less than 21,000 properties on the market. Understand, this includes townhouses, condo's, patio homes, any type of manufactured housing and the standard Single Family Homes.

When I sit down with a 1st Time Home Buyer, I guide them through what I call "The Home Buying Process" this initial meeting takes about an hour to to review, educate and ensure total understanding of our current market.

Lets take Gilbert Arizona Real Estate as an example.
Starting off in a basic search with no criteria involved:

We start with 20,825 Properties for Sale
Put in 3 Bedroom and 2 Bathrooms, that number drops to: 13,662.
Put in minimum square footage of 1,400 (good resell range): 12,080
Put in FHA Financing (this is to ensure the house is move in ready aside from minor cosmetic issues, IE painting, cleaning or replacing flooring) that number then drops to: 6,610 available properties.
Indicating we only want Single Family Homes, that drops to 6,256
Making sure its only a single level home, drops to 3,869
Now we are going to remove short sales (they never close) that drops our total available properties to: 460

If you've noticed, we have to put in price and location. So, for this, I am going to use what I have seen as an average 1st time home buyer wants to spend. Price point is between $80,000 and $95,000 and for this example, we're going to use Gilbert as our City of choice.

Price point (as listed above) drops our total options to: 81
Location (Gilbert) drops our total options to: 1

That's right 1. One Property, currently available in Gilbert. that is at least 1,400 square feet, 3 bedrooms, 2 bathrooms, FHA Insurable, single level home under $95,000-not a short sale or pre-foreclosure home.

The Time Is Now! The inventory is low, which means our market is better than all the local news media is letting on. These rock bottom prices will not last very long! This is your first step to home ownership! Contact me today to get started in "The Home Buying Process"

Hello Buyers! Don't let the media and the economy turn you into a full time tenant

!

Homebuilder Celebrates Energy Efficient House

Nation's First Net-Zero Production Home To Be Unveiled, Celebrated With 'Street Of Green'

BUCKEYE, Ariz. -- Meritage Homes plans on painting the town green with a free, family-friendly block party to unveil the nation's first net-zero production homes, homes that are built to produce as much energy as they consume.Stop by Western Drive in Buckeye's Verrado community Saturday between 10 a.m. to 2 p.m. to meet the first family to move into a net-zero home, enjoy food and live music, make arts and crafts, ride rickshaws, and tour model homes showcasing "extreme energy-efficiency." In addition, guests will be invited to enter to win a net-zero home in a sweepstakes.The street address is 20962 W. Western Drive., Buckeye, Ariz.

Want to see and search the mls for Verrado homes? visit http://teamtexidorsellsarizona.com or call Andrew at 602-909-9414

Metro Phoenix housing market showing signs of upswing

I cannot say I at all agree with the article other than the # of lisitngs on the market here in the valley has declined over the past several months. My opinion is that the banks have a better hold on what is happening and as they begin to release the "shadow inventory" that they have been hlolding off on, the supply will raise again. I don't think the level will at all be near what they were a few years ago when 60,000 lisitngs were on the mls. Regardless of when and what happens in 60 or 90 days from now, anyone currently renting who is in a positionn to purchase (stable job, solid income, money in savings/checking) should be taing advantage of what will be known as the best homebuying opportunity of our lifetime. Interest rates are near all time lows and they will be forced higher with the fear of inflation (inevitable). To view homes now visit http:teamtexidorsellsarizona.com and use the free MLS search. Andrew Texidor and his team cover the valley with area specialists in each and every city and town in Maricopa county. Contact Andrew for more information or to have one of his professional team members help you find the home of your dreams at 602-909-9414. No matter when Metro Phoenix housing market showing signs of upswing, the desert is always a safe place to make a purchase for long term investment

Maria called and she is heloing west valley residents rebuild their credit. I had helped MAria a few years ago to buy a home. At the time I was a lender and she was a referral from a previous client. Maria was probably the most organized and prepared client I had coem across in years. Most of our consultation was over the phone and I would hang up and my email inbox would chime that I had

new mail and it was whatever I had just asked Maria for to push her loan through. Anyway, Maria phoned yesterday and told me that her bank came up with a new program to help peopel that either never owned a home and those who lost their homes or short sold them during ths current recession (i personally do not partake in the recession any longer). You see, it is going to take this kind of effort from local communities and indivduals to turn the economy around. Maria works at M&I Bank as a Personal service Banker in Avondale and can be reached directly to consult with you about their credit builder program that helps folks re-establish their credit so they can get back to homeownership status. Maria can be reached via email at maria.aguilar@micorp.com or by phone at 623-474-8543. Maria shared with me that her goal is to help as many people as she can...she is passionate about what she does and has consumers best interest at hand. Maria is fluent in English and Spanish and Maria called and she is helping west valley residents rebuild their credit. Contact Maria to learn more about how she can help with the ugliest of credit situations. When Maria is done with you you'll be dancing like this lady!