I have exciting news to share with all of my clients, friends, and family. I have joined the Desert Realty Group of Arizona at Platinum Premier Realty, LLC. Tammy Seymour has been an expert in short sales and listing bank owned properties for years. I feel fortunate to be part of her team. I have received my CDPE Designation - Certified Distressed Property Expert. My CDPE membership will alert me of any changes in guidelines to purchasing a bank owned or pre-foreclosure property. Also, keeping me up to date on terms that help to negotiate offers on behave of my clients to acquire these properties for the best possible terms.
Changes to my website will begin soon. You will be able to view homes that are bank owned on my website before they are listed. I would be happy to show you any of these homes.
I look forward to working with the best team in the business for bank owned and pre-foreclosure properties located in Anthem, Scottsdale, Cave Creek, Desert Hills, and throughout the Phoenix, AZ area.
Stay tuned for upcoming changes to my website!
Friday, August 21, 2009
Saturday, August 1, 2009
Making Home Affordable program -details about loan modifications
USA Today had a great article about the $75 billion Making Home Affordable program created to help up to 9 million homeowners in danger of losing their homes achieve lower monthly mortgage payments with their lenders and help 4 million people refinance loans guaranteed by Freddie Mac and Fannie Mae. The rise in foreclosures will continue due to homeowners loosing their jobs. Send an email to info@KathleenInAZ.com to receive the link to the entire article. Here are some highlights:
Key questions about the government's mortgage-assistance program:
Q: Who is eligible for the refinancing help?
A: The refinancing option is available only for certain loans owned or securitized by Fannie Mae and Freddie Mac. Homeowners should be able to contact their lender to see if they're eligible. Borrowers who are delinquent on their mortgage will not qualify.
Q: Who is eligible for a modification?
A: The property must be owner-occupied, and the owner must have sufficient income to support the new mortgage debt. The first mortgage may not exceed 105% of the current market value of the property. For example, if your property is worth $200,000, you must owe $210,000 or less.
The unpaid principal balance must be equal to or less than $729,750 for one-unit properties. The loan must have originated before Jan. 1, 2009. A borrower must have a payment (including taxes, insurance and homeowners association dues) that is more than 31% of the borrower's gross monthly income.In addition, the owner must have had a significant change in income or expenses, to the point they can't afford the current
Key questions about the government's mortgage-assistance program:
Q: Who is eligible for the refinancing help?
A: The refinancing option is available only for certain loans owned or securitized by Fannie Mae and Freddie Mac. Homeowners should be able to contact their lender to see if they're eligible. Borrowers who are delinquent on their mortgage will not qualify.
Q: Who is eligible for a modification?
A: The property must be owner-occupied, and the owner must have sufficient income to support the new mortgage debt. The first mortgage may not exceed 105% of the current market value of the property. For example, if your property is worth $200,000, you must owe $210,000 or less.
The unpaid principal balance must be equal to or less than $729,750 for one-unit properties. The loan must have originated before Jan. 1, 2009. A borrower must have a payment (including taxes, insurance and homeowners association dues) that is more than 31% of the borrower's gross monthly income.In addition, the owner must have had a significant change in income or expenses, to the point they can't afford the current
Wednesday, July 29, 2009
Watch for changes to the current Anti-deficiency Statues in Arizona
This will have an impact for homeowners that have not occupied their property in foreclosure for up to six consecutive months.
(view link below to read Senate Bill 1271, this is from section "G")
"utilized for either a single one-family or a single two-family dwelling BY THE TRUSTOR UNDER THE DEED OF TRUST FOR AT LEAST SIX CONSECUTIVE MONTHS AND FOR WHICH A CERTIFICATE OF OCCUPANCY HAS BEEN ISSUED is sold pursuant to the trustee's power of sale, no action may be maintained to
recover any difference between the amount obtained by sale and the amount of the indebtedness and any interest, costs and expenses. THE TRUSTOR IS RESPONSIBLE FOR DEMONSTRATING THAT THE TRUST PROPERTY WAS USED BY THE TRUSTOR AS A ONE-FAMILY OR A SINGLE TWO-FAMILY DWELLING FOR AT LEAST SIX CONSECUTIVE MONTHS".
This is a great article to read which explains the current statutes.
Update on Court Decisions and the Anti-Deficiency Statutes
Posted on 01 February 2009
Tags: anti-deficiency, Combs Law Group, Court Decisions, Legal, statutes
By Christopher A. Combs and Adam D. Martinez
Introduction
Arizona and a small minority of other states have adopted anti-deficiency statutes to prohibit a
homeowner's personal liability after losing a home to foreclosure. In the past two years in Arizona there has been both a rapid increase in homeowners who are delinquent on their home loans and a rapid decline in home values. Therefore, the scope of the protection of the anti-deficiency statutes is now of heightened interest to both homeowners and lenders.
Frequent questions are: Can the lender waive the right to foreclose on a home and bring a collection action on the promissory note? Do investors and developers have the protection of the anti-deficiency statutes after foreclosure on a home? Do the anti-deficiency statutes apply to the refinancing by the homeowner of the original purchase money loan, even if a portion of the loan refinancing exceeds the original purchase money loan? This article will attempt to answer those questions.
To Read the rest of this article goto: (you may need to copy and paste this link to your internet browser)
http://aarnews.com/2009/02/update-on-court-decisions-and-the-anti-deficiency-statutes/
The business section of the Arizona Republic published this article on July 29th:
http://www.azcentral.com/arizonarepublic/business/articles/2009/07/29/20090729biz-catherine0729.html
This link is to SENATE BILL 1271 http://www.azleg.gov/legtext/49leg/1r/bills/sb1271s.pdf
This will have an impact for homeowners that have not occupied their property in foreclosure for up to six consecutive months.
(view link below to read Senate Bill 1271, this is from section "G")
"utilized for either a single one-family or a single two-family dwelling BY THE TRUSTOR UNDER THE DEED OF TRUST FOR AT LEAST SIX CONSECUTIVE MONTHS AND FOR WHICH A CERTIFICATE OF OCCUPANCY HAS BEEN ISSUED is sold pursuant to the trustee's power of sale, no action may be maintained to
recover any difference between the amount obtained by sale and the amount of the indebtedness and any interest, costs and expenses. THE TRUSTOR IS RESPONSIBLE FOR DEMONSTRATING THAT THE TRUST PROPERTY WAS USED BY THE TRUSTOR AS A ONE-FAMILY OR A SINGLE TWO-FAMILY DWELLING FOR AT LEAST SIX CONSECUTIVE MONTHS".
This is a great article to read which explains the current statutes.
Update on Court Decisions and the Anti-Deficiency Statutes
Posted on 01 February 2009
Tags: anti-deficiency, Combs Law Group, Court Decisions, Legal, statutes
By Christopher A. Combs and Adam D. Martinez
Introduction
Arizona and a small minority of other states have adopted anti-deficiency statutes to prohibit a
homeowner's personal liability after losing a home to foreclosure. In the past two years in Arizona there has been both a rapid increase in homeowners who are delinquent on their home loans and a rapid decline in home values. Therefore, the scope of the protection of the anti-deficiency statutes is now of heightened interest to both homeowners and lenders.
Frequent questions are: Can the lender waive the right to foreclose on a home and bring a collection action on the promissory note? Do investors and developers have the protection of the anti-deficiency statutes after foreclosure on a home? Do the anti-deficiency statutes apply to the refinancing by the homeowner of the original purchase money loan, even if a portion of the loan refinancing exceeds the original purchase money loan? This article will attempt to answer those questions.
To Read the rest of this article goto: (you may need to copy and paste this link to your internet browser)
http://aarnews.com/2009/02/update-on-court-decisions-and-the-anti-deficiency-statutes/
The business section of the Arizona Republic published this article on July 29th:
http://www.azcentral.com/arizonarepublic/business/articles/2009/07/29/20090729biz-catherine0729.html
This link is to SENATE BILL 1271 http://www.azleg.gov/legtext/49leg/1r/bills/sb1271s.pdf
Thursday, July 2, 2009
Anthem Arizona Home Sales in June 2009
Tune in to HGTV House Hunters on July 23rd to see Anthem Arizona featured as a couple relocates from Maryland to Arizona. Check your local listings for time.
AS OF JULY 1st ANTHEM Arizona has 207 Homes for Sale
based on MLS info on July 1, 2009
106 are Available as Short Sales
101 are Available by Owner or Lender
Look for an increase in Lender Owned Properties soon....many pending foreclosures are due to go to Trustee Sales the next few months.
Homes sold in Anthem, AZ in June 2009
Anthem Country Club - 26 Homes Sold at an avg. of $313,665
an avg. of 2812/sq. ft.
9 Lender Owned Sales 8 Short Sales 9 Owner Sales
Anthem Parkside East - 45 Homes Sold an avg. of $192,526
an avg. of 2,376/sq. ft
25 Lender Owned Sales 9 Short Sales 11 Owner Sales
Anthem Parkside West - 16 Homes Sold at an avg. of $170,182
an avg. of 2,437/sq. ft.
7 Lender Owned Sales 5 Short Sales 4 Owner Sales
The Landing in Anthem - 2 Homes Sold at an avg. of $202,750 an avg. of 2,185/sq. ft.
1 Lender Owned Sale 1 Short Sale
Paseo Townhomes - 1 Owner Sale for an avg. of $130,000 an avg. of 1,529/sq. ft.
The Villages in Anthem no sales in June
For more information regarding home sales in other areas of Phoenix, Arizona
contact Kathleen Mazzocco at info@KathleenInAz.com
or call 623-776-6217
Thursday, June 18, 2009
View Obama's Blueprint to Overhaul Financial Regulation
Read the The Washing Post article "Obama Blueprint Deepens Federal Role in Markets" it includes a link to view his draft of the Regulatory Overhaul for financial regulation and increasing goverment involvement in private markets aimed at protecting home buyers.
A proposed new consumer protection agency and powers to overhaul the mortgage lending practices will ensure that consumers can afford their mortgages.
A draft of Obama's blueprint of regulatory changes can be viewed here:
http://www.washingtonpost.com/wp-dyn/content/article/2009/06/16/AR2009061601887.html
A proposed new consumer protection agency and powers to overhaul the mortgage lending practices will ensure that consumers can afford their mortgages.
A draft of Obama's blueprint of regulatory changes can be viewed here:
http://www.washingtonpost.com/wp-dyn/content/article/2009/06/16/AR2009061601887.html
Loan modification article in Wall Street Journal
LOAN MODIFICATION Process is slow - The Wall Street Journal article June 17, 2009
I think all of us can say we know at least one person who is trying to accomplish a loan modification with their lender. About 4 million people were late in paying their mortgage payments in the first quarter of 2009. As of the end of April only 518,155 home loans have been modified.
The process is slowed by the amount of paperwork involved and low numbers in staffing. It is not an easy process, but if it can help keep homeowners from loosing their homes it is well worth it in the end. Here is the link to the article in the Wall Street Journal that shares some stories of homeowners in the process or have had a loan modified.
http://online.wsj.com/article/SB124508720715715781.htm
I think all of us can say we know at least one person who is trying to accomplish a loan modification with their lender. About 4 million people were late in paying their mortgage payments in the first quarter of 2009. As of the end of April only 518,155 home loans have been modified.
The process is slowed by the amount of paperwork involved and low numbers in staffing. It is not an easy process, but if it can help keep homeowners from loosing their homes it is well worth it in the end. Here is the link to the article in the Wall Street Journal that shares some stories of homeowners in the process or have had a loan modified.
http://online.wsj.com/article/SB124508720715715781.htm
Friday, June 12, 2009
Anthem Arizona Home Sales for May 2009
SEE ANTHEM, AZ ON HGTV HOUSE HUNTERS
JULY 23, 2009 check local listings for time
HOMES AVAILABLE FOR
SALE CONTINUES TO BE LOW
Anthem Arizona has approximately 236 homes for sale
as of 6/1/09
based on data from the MLS 6/1/2009
104 Homes and Condos sold in Anthem in May 2009
ANTHEM COUNTRY CLUB
22 Homes Sold
Avg. Sale $305,855 Avg. Size 2,862 sq. ft. 123 Avg. days to Sell
13 Lender Sales avg. $ 97.89/sq. ft.
3 Short Sales avg. $125.83/sq. ft.
6 Owner/Investor Sales avg. $119.16/sq. ft.
Anthem Parkside East
66 Homes Sold
Avg. Sale $181,482 Avg. Size 2,275 sq. ft. 98 Avg. days to Sell
43 Lender Sales avg. $77.85/sq. ft.
17 Short Sales avg. $83.00/sq. ft.
6 Owner/Investor Sales avg. $98.31/sq. ft.
Anthem Parkside West
9 Homes Sold
Avg. Sale $195,889 Avg. Size 2,884 sq. ft. 90 Avg. days to Sell
7 Lender Sales avg. $ 66.15/sq. ft.
2 Short Sales avg. $ 76.74/sq. ft.
0 Owner/Investor Sales
Paseo Townhomes
2 Sold
Avg. Sale $111,812 Avg. Size 1,499 sq. ft. 50 Avg. days to Sell
2 Lender Sale avg. $74.81/sq. ft.
The Villages Condos
5 Sold
Avg. Sale $94,880 Avg. Size 1,297 sq. ft. 128 Avg. days to Sell
4 Lender Sales avg. $74.00/sq. ft.
0 Short Sales avg. $00.00/sq. ft.
1 Owner/Investor Sales avg. $70.60/sq. ft.
based on data from the MLS 6/1/2009
104 Homes and Condos sold in Anthem in May 2009
ANTHEM COUNTRY CLUB
22 Homes Sold
Avg. Sale $305,855 Avg. Size 2,862 sq. ft. 123 Avg. days to Sell
13 Lender Sales avg. $ 97.89/sq. ft.
3 Short Sales avg. $125.83/sq. ft.
6 Owner/Investor Sales avg. $119.16/sq. ft.
Anthem Parkside East
66 Homes Sold
Avg. Sale $181,482 Avg. Size 2,275 sq. ft. 98 Avg. days to Sell
43 Lender Sales avg. $77.85/sq. ft.
17 Short Sales avg. $83.00/sq. ft.
6 Owner/Investor Sales avg. $98.31/sq. ft.
Anthem Parkside West
9 Homes Sold
Avg. Sale $195,889 Avg. Size 2,884 sq. ft. 90 Avg. days to Sell
7 Lender Sales avg. $ 66.15/sq. ft.
2 Short Sales avg. $ 76.74/sq. ft.
0 Owner/Investor Sales
Paseo Townhomes
2 Sold
Avg. Sale $111,812 Avg. Size 1,499 sq. ft. 50 Avg. days to Sell
2 Lender Sale avg. $74.81/sq. ft.
The Villages Condos
5 Sold
Avg. Sale $94,880 Avg. Size 1,297 sq. ft. 128 Avg. days to Sell
4 Lender Sales avg. $74.00/sq. ft.
0 Short Sales avg. $00.00/sq. ft.
1 Owner/Investor Sales avg. $70.60/sq. ft.
Monday, May 4, 2009
Anthem Arizona Home Sales for April 2009
Home Sales have Increased and HOME INVENTORY HAS DECLINEDAnthem Arizona has approximately 221 homes for sale as of today
based on data from the MLS 5/4/09
99 Homes and Condos Sold
ANTHEM COUNTRY CLUB 91 Homes for Sale
24 Homes Sold
Avg. Sale $300,849 Avg. Size 2,814 sq. ft. 97 Avg. days to Sell
16 Lender Sales avg. $100.16/sq. ft.
2 Short Sales avg. $103.09/sq. ft.
6 Owner/Investor Sales avg. $121.17/sq. ft.
Anthem Parkside East 89 Homes for Sale
48 Homes Sold
Avg. Sale $179,208 Avg. Size 2,217 sq. ft. 97 Avg. days to Sell
32 Lender Sales avg. $81.20/sq. ft.
9 Short Sales avg. $78.79/sq. ft.
7 Owner/Investor Sales avg. $92.93/sq. ft.
Anthem Parkside West 41 Homes for Sale
16 Homes Sold
Avg. Sale $188,912 Avg. Size 2,516 sq. ft. 158 Avg. days to Sell
9 Lender Sales avg. $ 74.64/sq. ft.
6 Short Sales avg. $ 76.53/sq. ft.
1 Owner/Investor Sales avg. $ 97.07sq. ft.
Paseo Townhomes 6 For Sale
2 Sold
Avg. Sale $124,500 Avg. Size 1,499 sq. ft. 38 Avg. days to Sell
2 Lender Sale avg. $83.02/sq. ft.
The Villages Condos 5 For Sale
6 Sold
Avg. Sale $92,600 Avg. Size 1,264 sq. ft. 103 Avg. days to Sell
3 Lender Sales avg. $71.57/sq. ft.
1 Short Sales avg. $67.92/sq. ft.
2 Owner/Investor Sales avg. $78.50/sq. ft.
24 Homes Sold
Avg. Sale $300,849 Avg. Size 2,814 sq. ft. 97 Avg. days to Sell
16 Lender Sales avg. $100.16/sq. ft.
2 Short Sales avg. $103.09/sq. ft.
6 Owner/Investor Sales avg. $121.17/sq. ft.
Anthem Parkside East 89 Homes for Sale
48 Homes Sold
Avg. Sale $179,208 Avg. Size 2,217 sq. ft. 97 Avg. days to Sell
32 Lender Sales avg. $81.20/sq. ft.
9 Short Sales avg. $78.79/sq. ft.
7 Owner/Investor Sales avg. $92.93/sq. ft.
Anthem Parkside West 41 Homes for Sale
16 Homes Sold
Avg. Sale $188,912 Avg. Size 2,516 sq. ft. 158 Avg. days to Sell
9 Lender Sales avg. $ 74.64/sq. ft.
6 Short Sales avg. $ 76.53/sq. ft.
1 Owner/Investor Sales avg. $ 97.07sq. ft.
Paseo Townhomes 6 For Sale
2 Sold
Avg. Sale $124,500 Avg. Size 1,499 sq. ft. 38 Avg. days to Sell
2 Lender Sale avg. $83.02/sq. ft.
The Villages Condos 5 For Sale
6 Sold
Avg. Sale $92,600 Avg. Size 1,264 sq. ft. 103 Avg. days to Sell
3 Lender Sales avg. $71.57/sq. ft.
1 Short Sales avg. $67.92/sq. ft.
2 Owner/Investor Sales avg. $78.50/sq. ft.
*
*****************************************************************************************************************************************************
*****************************************************************************************************************************************************Financing Options have never been better Interest Rates are still low - *Ask me about
*VA Financing - 100%
*VA Financing - 100%
*FHA Financing - 3.5% down payment
*Ask about Seller Contributions for closing costs
*Ask about Seller Contributions for closing costs
Friday, April 3, 2009
Anthem Arizona Home Sales Stats for March 2009
ANTHEM ARIZONA AS SEEN ON HGTV
Watch Anthem, AZ on
HGTV House Hunters
on April 13th
INTEREST RATES ARE LOW & HOMES ARE SELLING FAST!
Homes Sales in March 2009
97 Homes and Condos sold in Anthem in March 2009
64 Lender Sales vs 33 Owner/Short Sales
based on data from the MLS 4/2/09
based on data from the MLS 4/2/09
ANTHEM COUNTRY CLUB
29 Homes Sold
- Avg. Sale $333,012
- Avg. Size 2,958 sq. ft.
- 108 Avg. days to Sell
15 Lender Sales avg. $100.15/sq. ft.
6 Short Sales avg. $111.61/sq. ft.
8 Owner/Investor Sales avg. $139.92/sq. ft.
Anthem Parkside East
45 Homes Sold
- Avg. Sale $195,533
- Size 2,486 sq. ft.
- 113 Avg. days to Sell
29 Lender Sales avg. $77.60/sq. ft.
10 Short Sales avg. $78.20/sq. ft.
6 Owner/Investor Sales avg. $92.37/sq. ft.
Anthem Parkside West
14 Homes Sold
- Avg. Sale $175,616
- Avg. Size 2,229 sq. ft.
- 52 Avg. days to Sell
12 Lender Sales avg. $77.05/sq. ft.
2 Short Sales avg. $100.74/sq. ft.
Paseo Townhomes
2 Sold
- Avg. Sale $143,500
- Avg. Size 1,772 sq. ft.
- 171 Avg. days to Sell
1 Lender Sale avg. $80.98/sq. ft.
1 Short Sale avg. $90.91/sq. ft.
The Villages Condos
7 Sold
- Avg. Sale $93,171
- Avg. Size 1,327 sq. ft.
- 39 Avg. days to Sell
7 Lender Sales avg. $70.55/sq. ft.
Welcome to Anthem! Meridian Restaurant
serving delicious Italian Cuisine. Entertainment coming soon.
Loan modifications are starting to happen in Anthem. Let's all work together in sharing our success stories with our friends, family, and neighbors. We will start to see the lender owned properties go away quickly if we can keep homeowners in their homes. The government has to act quicker in getting their instructions to the lending institutes and sharing the guidelines approved to help stop the foreclosures. I am feeling hopeful we will see a change in the next few months. Let's help our neighbors stay home in Anthem!
Tuesday, March 3, 2009
Anthem Arizona PARKSIDE Homes Sales for February 2009
Mortgage rates are at an all time low and so are home prices. A winning combination for today's buyer.
The average sales price for a home in Anthem, AZ is $206,041
The average size home is 2,494/sq.ft
Anthem Arizona PARKSIDE EAST - 27 Homes Sold in February 2009
Avg. Sale $206,041 $83.91/per. sq. ft. 117/avg. days on market
(21) Lender Owned Sales
Avg. Sale $190,986 $84.29/per. sq. ft. 104/avg. days on market
(4) Short Sales
Avg. Sale $276,100 $89.67/per sq. ft. 184/avg. days on market
(2) Owner Owned Sales
Avg. Sale $224,000 $68.39/per sq. ft. 124/avg. days on market
Anthem Arizona PARKSIDE WEST - 11 Homes Sold in February 2009
Avg. Sale $224,726 $73.75/per sq. ft. 58/avg. days on market
(10) Lender Owned Sales
Avg. Sale $224,999 $73.96/per sq. ft. 49/avg. days on market
(1) Short Sale
Avg. Sale $222,000 $71.66/per sq. ft. 147/avg. days on market
Anthem Arizona PASEO 2 Townhouses Sold in February 2009
The average sales price for a home in Anthem, AZ is $206,041
The average size home is 2,494/sq.ft
Anthem Arizona PARKSIDE EAST - 27 Homes Sold in February 2009
Avg. Sale $206,041 $83.91/per. sq. ft. 117/avg. days on market
(21) Lender Owned Sales
Avg. Sale $190,986 $84.29/per. sq. ft. 104/avg. days on market
(4) Short Sales
Avg. Sale $276,100 $89.67/per sq. ft. 184/avg. days on market
(2) Owner Owned Sales
Avg. Sale $224,000 $68.39/per sq. ft. 124/avg. days on market
Anthem Arizona PARKSIDE WEST - 11 Homes Sold in February 2009
Avg. Sale $224,726 $73.75/per sq. ft. 58/avg. days on market
(10) Lender Owned Sales
Avg. Sale $224,999 $73.96/per sq. ft. 49/avg. days on market
(1) Short Sale
Avg. Sale $222,000 $71.66/per sq. ft. 147/avg. days on market
Anthem Arizona PASEO 2 Townhouses Sold in February 2009
(2) Lender Owned Sales
Avg. Sale $126,950 $86.42/per sq. ft. 87/avg. days on market
Anthem Arizona THE VILLAGES 5 Condos Sold in February 2009
(5) Lender Owned Sales
Avg. Sale $97,000 $73.01/per sq. ft. 100/avg. days on market
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About Kathleen Mazzocco
- Kathleen Mazzocco, Realtor in Anthem, AZ Relocation to Scottsdale, AZ
- Scottsdale, AZ, United States
- Kathleen has worked with a variety of clients and employees from across and outside of the country, and this has given her a firm grasp of all the details that need to be considered when buying a home in Scottsdale, Anthem, or other areas of Phoenix, Arizona. Kathleen is a AZ Corporate Relocation Professional, and Buyer's Agent. She doesn't just help you find the home you want, she also insures that you're settling in well and that you have all the information you need in order to enjoy the highest-quality lifestyle Arizona has to offer. Begin your plan moving to Arizona with Kathleen today. It's a buyer's market right now, so there are great opportunities for you to land the home of your dreams for much less than you ever imagined possible. Acquiring property foreclosures, short sales, and bank owned homes are ways you can save in today's market. As Certified Distressed Professional she can negotiate the best possible price and terms for you. Please browse through Kathleen's website and let Kathleen Mazzocco help you come home to Arizona,search the newest home listings at www.KathleenInAZ.com.