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Alternatives to Walking Away from Underwater Mortgages

July 15, 2010

It is not uncommon for homeowners who are underwater in their mortgages to feel helpless and contemplate walking away altogether, but there are options.

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Buying a Condo? What Are the Pros and Cons?

July 12, 2010

Condos can be a great home option for the right homeowner, from retirement age to college students.

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Why Buyers Should Ease Off the Credit Prior to Closing

July 9, 2010

Buyers need to be aware that changes in credit before closing on the house can be detrimental to their ability to buy the home.

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Foreclosures Down, But AZ Still Ranks 3rd

July 6, 2010

Foreclosures were down in all of Arizona for the first quarter, but we still rank 3rd nationwide.

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Veteran Mortgage Property Requirements – Not Good For Living Off The Grid

June 23, 2010

Okay, let’s have some fun with this post. I have been looking at the loan requirements for the veteran mortgage and came across a section in the Lender’s Handbook that spells out the basic mortgage property requirements that must be met in order to get a veteran loan. As I read through this, I thought [...]

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Short Sales Are Big Business

June 14, 2010

So you’re considering a Tucson short sale. Or a San Diego short sale. Or a short sale in any other city in America. That means you are probably having, shall we say, financial difficulties with your home. In fact, in what you’ve been through from your standpoint, the short sale seems like a no brainer [...]

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Foreclosures Still High; AZ Congressman Asks for Federal Aid

June 10, 2010

Congressman calls for aid in the housing crisis with foreclosures, claiming HAMP programs have fallen short of their intended purpose.

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How Big of Mortgage Can You Afford?

May 30, 2010

For first time home buyers, the biggest question is, “how much do I qualify for?” For lenders, there are many different aspects to consider when providing an answer to this question. A responsible will lender make it clear that their is a big difference between how much a borrower can qualify for, versus how big [...]

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Mortgage Brokers Regulated by the Senate

May 21, 2010

According to the Arizona Republic, the Senate recently voted to implement stricter regulations on mortgage brokers and loan officers. As stated in the Arizona Republic, currently many mortgage brokers and loan officers are receiving incentives, including higher pay, for offering higher interest rates than necessary to borrowers.  They are also requiring proof that the borrowers can [...]

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Appealing Your Denied Loan Modification

May 20, 2010

With the current mortgage crisis, many people are seeking help with their mortgage payments in the form of a loan modification. Because the number of people asking for loan modifications has drastically risen throughout the past few years, lenders have been forced to become more strict on the qualify criteria. As a result, many people have been denied loan modifications [...]

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