Sandra Scott, REALTOR of Choice! Payson, Pine & Strawberry, AZ

I've been attending some renewal hour classes this last month and have learned a few "trick of the trade" so to speak to get some loans done that I thought were out of the questions.

FHA seems to be the loan flavor of the month, and many lenders are conducting classes to teach REALTORS some of the possibilities with these loans...got to capture those buyers with any rope available.

The newest angle is to purchase a second home with an FHA loan. Although FHA says you can't have TWO FHA loans, there are some exceptions. One of them goes like this...if only one spouse in the union owns the primary residence (the second spouse is not on the loan or on title). And providing that the second spouse can qualify for the loan without counting the income of the other, they can get a loan on the second home through FHA. Slick!

Payson, Arizona is a second home community just one hour north of Phoenix with a climate of four mild seasons. Population is 15,000 wonderful folks, surrounded by 3.9 million acres of Ponderosa Pines and tucked just under the Mogollon Rim. Hiking, camping, fishing, and just relaxing are our primary attractions. So you guys that are suffering from the heat just south of us, come on up! Great prices on second homes in Payson and the selection is fantastic.

When you're buying or selling real estate, don't forget to remember me!

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

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

The Monsoons have moved into the Rim Country. We're getting those fabulous thunderstorms and very wet rain off the Mogollon Rim almost every afternoon now.

Yesterday I worked with a great couple from the Valley and it was about 1:00 as we finished looking at the lots we had selected to view that the rains began. Since we were in Strawberry, we took refuge in the Strawberry Lodge. http://www.strawberry-lodge.com/

Their homemade pies were too tempting, so we order a few and dove in. I can't tell you whether the buttermilk, cherry, kiwi, or fresh strawberry was the best. I will say that none was left and we all felt sick afterward.

Of course we blamed it on the basket of fries that we polished off (yes, on top of the pie!) before we paid the bill and struggled out the door. We swore never to tell anyone under the age of 12 that these "adults" had eaten so irresponsibly. It was great eating and FUN, so don't miss the Strawberry Lodge when you visit Strawberry, Arizona. Yummmmmmmm.

Sandra Scott
http://www.paysonarizonamls.com

Mark your calendar -- AUGUST 11, 2009 - 5:00 p.m. to 7:30 p.m.
Green Valley Park (bring a blanket to sit on) Scoops will be selling ice cream. Yummm.

As part of Payson's 125th Annual Rodeo events, our own RIM COUNTRY LITERACY is sponsoring a FUN raiser. The event is free to the public, but a hat will be passed because it is a fund raising event for Literacy.

You'll enjoy hearing stories, listening to the lyrics of country music and enjoy the powerful mental images created by the cowboy poetry.

Expect to enjoy the best of Jinx Pyle, Carol LaValley, Noble Collins, and Ed Armer along with several musicians from Ole Sons of the Pioneer and Billie Acheta form Junction 87.

Buckshot Dot will close the evening with her hilarious antics. So don't miss a minute of it.

COME LAUGH ENJOY!