New bill to speed short sale process

Realtor.org - A new bill to improve the process for approving short sales may soon bring relief to distressed home owners who are unable to keep their homes and hope to avoid foreclosure. The bill, introduced in the U.S. House yesterday and strongly supported by the National Association of Realtors®, would impose a deadline of 45 days on lenders to respond to short sale requests.

Light-rail ridership record broken Friday

East Valley Tribune - Metro broke a one-day ridership record, with 55,828 passengers using the light-rail system Friday. Passengers boarded Metro to reach the Arizona Diamondbacks home opener, Disney on Ice and the Janet Jackson concert. The record was more than 3,000 additional passengers than the old high point, when a Feb. 4, 2010, Get Motivated seminar brought heavy use. Metro also set a monthly ridership record in March, with more than 1.2 million passengers.

HOV lanes being added to Loop 202

East Valley Tribune - Construction is under way to add 12 miles of HOV lanes to the Loop 202 between Gilbert and Interstate 10. "It's a challenge for the contractors to build the new bridges that are part of this project while also trying to limit impacts on traffic," said Doug Nintzel, spokesman for the Arizona Department of Transportation (ADOT). "While closures and lane restrictions are never easy to schedule, drivers are seeing the progress that's been accomplished in just over six months." CLICK ON THE BUTTON ABOVE TO STAY ON TOP OF ROAD CLOSURES.

http://www.azcentral.com/community/mesa/articles/2011/04/12/20110412phoenix-winter-visitor-capital.html

Valley rebounding as winter-visitor mecca - This season's influx of snowbirds delivered the best numbers in years for the Valley's winter-visitor industry.  The snowbird season started to rebound last year, and the trend has continued as more winter visitors arrived earlier and stayed longer.  "We've seen a lot of activity," builder Jeff Blandford said.  "We've had a big influx of Canadians in the last two years, but this year, they came earlier and are going home later.  Some of them come back to enjoy Phoenix or to buy a house.  It's a very nice thing that's happened to our industry."

The Mortgage Forgiveness Debt Relief act Expires December 31 2012

How will this affect you?
Contact  TODAY to see if starting a SHORT SALE NOW....could be the best OPTION for you!

What is a Short Sale?

Simply put, a Short Sale is used to describe the sale of a home in which the homeowner owes the bank more than the home is worth. The bank agrees to allow the home to be sold for less than what is owed (AKA “Short Sale”).

Would I qualify for a Short Sale?

Contrary to popular belief, it is not difficult to qualify for a Short Sale. A good Short Sale candidate has no equity in their home. They are not able to sell their home and pay off all of the outstanding loans/debt that are secured against their property.

If you owe more against your home than it is currently worth and want or need to sell it but can’t or won’t bring cash to closing to make up the difference between what you owe and what your home is worth, then you are a prime candidate.

Is doing a Short Sale right for me?

We would like to say: “Yes!” But the truth is, short selling their home isn’t the right move for everybody. Here are a couple of important signs that can help you determine if doing a short sale is right for you:

You are behind on your mortgage payment and are unable to keep up with all of your monthly obligations. Some of the reasons for falling behind on your mortgage payment may include sudden change in monthly household income, loss of job, divorce, and more.

You are NOT behind on your monthly mortgage payment but know that you will soon be unable to keep up with all of your monthly obligations and therefore in the near future will not be able to afford to keep your home.

You are NOT behind on your monthly mortgage payment but need or want to move. Reasons could include a job transfer, a health reason, retirement, and more.

You are NOT behind on your monthly mortgage payment and have come to the decision that staying in your home is not a good “business decision” or “financial decision.”

If you match any of these scenarios then doing a short sale may be the solution for you.

Complete Real Estate service offered. Contact me at (602) 361-9292 or [email protected].

Sincerely,
Mamta Jain
REALTY ONE GROUP, INC

5343 N. 16th Ste: 100 Phoenix AZ 85016

Direct: 602-361-9292    Fax: 602-357-6775