Thursday, January 28, 2010

Flagstaff AZ Foreclosures, Shortsales, Bank Owned & REO's

Here is a list of foreclosures (foreclosed on), short sales, REO's (real estate owned (by bank), & bank owned homes in Flagstaff, Arizona. A foreclosure happens when the lienholder take possession of a home after the owner defaults. A short sale is the bank taking less than what is owed to them to help sell a home. Currently a lot of homes aren't worth what the owner owes on the property(worth less).

Flagstaff Arizona Listings

For more info on the following listings or everything available in Flagstaff, visit: http ://villagelandshoppe .com/flagstaff_real_estate_mls .html You will also find a Free Phoenix MLS Search and a Free Tucson MLS search also!

Flagstaff, AZ Foreclosures Click here to print list with more details

Flagstaff Arizona Foreclosures & Bank Owned

Flagstaff, AZ Short Sales Click here for a printable list and more details

Flagstaff Arizona Short Sales

You can also email me for more info on any listing in Flagstaff, Phoenix or Tucson Arizona.

Note: Active-Cont Remove means the property has a contract but the contract is contingent on something, usually the buyer has to sell a property, so they can be knocked out of first position.


Thanks,

Johnathan

Flagstaff Arizona Listings

MORE INFO @:


Flagstaff AZ Real Estate - Homes & Land For Sale: http://www.villagelandshoppe.com Also see: Green Flagstaff Real Estate Green & Sustainable Flagstaff AZ Real Estate: http://www.greenflagstaffrealestate.com, Flagstaff Arizona Real Estate Blog: http://www.flagstaffrealestateblog.com, Flagstaff, AZ Homes: http://www.flagstaffhomes.net, Flagstaff Arizona Real Estate: http://www.flagstaffrealestatehomes.com, Rural Flagstaff Real Estate: http://www.yourflagstaffhomes.com, Flagstaff AZ Real Estate Virtual Tours http://www.flagstaffhomesearch.com, Flagstaff Professionals Website Directory: http://www.flagstaffwebsites.com

I thought I would let you know of some interesting FHA changes for the new year:

  • Seller Contributions will be reduced from 6% to 3% of the sales price
  • Up-front Mortgage Insurance will increase from 1.75% to 2.2.%
  • FICO scores of under 580 with require a down payment of 10%
  • Appraisals are good for 120 days
  • 90 Day flipping rule waived

Things are getting tougher and tougher!

Flagstaff Arizona Listings

MORE INFO @:

Flagstaff Arizona Real Estate - Homes & Land: http://www.villagelandshoppe.com Also see: Green Flagstaff AZ Real Estate http://www.greenflagstaffrealestate.com, Flagstaff AZ Real Estate Blog: http://www.flagstaffrealestateblog.com, Flagstaff AZ Homes: http://www.flagstaffhomes.net, Flagstaff Arizona Real Estate: http://www.flagstaffrealestatehomes.com, Rural Flagstaff AZ Real Estate: http://www.yourflagstaffhomes.com, Flagstaff AZ Real Estate Virtual Tours - http://www.flagstaffhomesearch.com

Tuesday, January 19, 2010

Flagstaff Arizona Real Estate Sales So Far This Year (2 of 2) - Flagstaff Homes

Below see a chart of what has sold in Flagstaff, AZ so far this year for homes (including: single family, condos, townhomes and manufactured & mobile homes). We are off to an ok start with 17 sales and more expected very soon!

Flagstaff Arizona Listings

For more info on the following listings or everything available in Flagstaff, visit: http://villagelandshoppe.com/flagstaff_real_estate_mls.html You will also find a Free Phoenix MLS Search and a Free Tucson MLS search also!

Flagstaff AZ Real Estate - Homes & Land For Sale

Flagstaff Arizona Listings

MORE INFO @:

Flagstaff Arizona Real Estate - Homes & Land: http://www.villagelandshoppe.com Also see: Green Flagstaff AZ Real Estate http://www.greenflagstaffrealestate.com, Flagstaff AZ Real Estate Blog: http://www.flagstaffrealestateblog.com, Flagstaff AZ Homes: http://www.flagstaffhomes.net, Flagstaff Arizona Real Estate: http://www.flagstaffrealestatehomes.com, Rural Flagstaff AZ Real Estate: http://www.yourflagstaffhomes.com, Flagstaff AZ Real Estate Virtual Tours - http://www.flagstaffhomesearch.com

Flagstaff Arizona Real Estate Sales So Far This Year (1 of 2) - Flagstaff Land

Below see a chart of what has sold in Flagstaff, AZ so far this year for lots, land and acreage. We are off to an ok start with 3 sales and more expected very soon!

Flagstaff Arizona Listings

For more info on the following listings or everything available in Flagstaff, visit: http://villagelandshoppe.com/flagstaff_real_estate_mls.html You will also find a Free Phoenix MLS Search and a Free Tucson MLS search also!

Flagstaff AZ Real Estate - Homes & Land For Sale

Flagstaff Arizona Listings

MORE INFO @:

Flagstaff Arizona Real Estate - Homes & Land: http://www.villagelandshoppe.com Also see: Green Flagstaff AZ Real Estate http://www.greenflagstaffrealestate.com, Flagstaff AZ Real Estate Blog: http://www.flagstaffrealestateblog.com, Flagstaff AZ Homes: http://www.flagstaffhomes.net, Flagstaff Arizona Real Estate: http://www.flagstaffrealestatehomes.com, Rural Flagstaff AZ Real Estate: http://www.yourflagstaffhomes.com, Flagstaff AZ Real Estate Virtual Tours - http://www.flagstaffhomesearch.com

Friday, January 15, 2010

Flagstaff AZ Foreclosures, Shortsales, Bank Owned & REO's

Here is a list of foreclosures (foreclosed on), short sales, REO's (real estate owned (by bank), & bank owned homes in Flagstaff, Arizona. A foreclosure happens when the lienholder take possession of a home after the owner defaults. A short sale is the bank taking less than what is owed to them to help sell a home. Currently a lot of homes aren't worth what the owner owes on the property(worth less).

Flagstaff Arizona Listings

For more info on the following listings or everything available in Flagstaff, visit: http ://villagelandshoppe .com/flagstaff_real_estate_mls .html You will also find a Free Phoenix MLS Search and a Free Tucson MLS search also!

Flagstaff, AZ Foreclosures Click here to print list with more details

Flagstaff Arizona Foreclosures & Bank Owned

Flagstaff, AZ Short Sales Click here for a printable list and more details

Flagstaff Arizona Short Sales

You can also email me for more info on any listing in Flagstaff, Phoenix or Tucson Arizona.

Note: Active-Cont Remove means the property has a contract but the contract is contingent on something, usually the buyer has to sell a property, so they can be knocked out of first position.


Thanks,

Johnathan

MORE INFO @:


Flagstaff Homes & Land: http://www.villagelandshoppe.com Also see: Green Flagstaff Real Estate http://www.greenflagstaffrealestate.com, Flagstaff Real Estate Blog: http://www.flagstaffrealestateblog.com, Flagstaff Homes: http://www.flagstaffhomes.net, Flagstaff Real Estate: http://www.flagstaffrealestatehomes.com, Rural Flagstaff Real Estate: http://www.yourflagstaffhomes.com

Flagstaff Arizona Listings

Thursday, January 14, 2010

Kachina Village Real Estate - Flagstaff AZ Homes

553 Pinon Trail, Flagstaff, AZ 86001


Need lots of space? This large home in Kachina Village has it. 4 bedrooms, 3 baths, almost 2400 sq. ft. on a heavily treed corner lot. Huge family room with a gas fireplace, t&g ceilings, laminate flooring, butcher block countertops, and extra master suite with it's own entrance and the other master suite has a large jetted tub and separate shower. This would make a great family home or for someone who needs a lot of space!

Flagstaff Arizona Listings

MORE INFO @:

Flagstaff Arizona Real Estate - Homes & Land: http://www.villagelandshoppe.com Also see: Green Flagstaff AZ Real Estate http://www.greenflagstaffrealestate.com, Flagstaff AZ Real Estate Blog: http://www.flagstaffrealestateblog.com, Flagstaff AZ Homes: http://www.flagstaffhomes.net, Flagstaff Arizona Real Estate: http://www.flagstaffrealestatehomes.com, Rural Flagstaff AZ Real Estate: http://www.yourflagstaffhomes.com, Flagstaff AZ Real Estate Virtual Tours - http://www.flagstaffhomesearch.com

Tuesday, January 12, 2010

Flagstaff AZ Foreclosures, Shortsales, Bank Owned & REO's

Here is a list of foreclosures (foreclosed on), short sales, REO's (real estate owned (by bank), & bank owned homes in Flagstaff, Arizona. A foreclosure happens when the lienholder take possession of a home after the owner defaults. A short sale is the bank taking less than what is owed to them to help sell a home. Currently a lot of homes aren't worth what the owner owes on the property(worth less).

Flagstaff Arizona Listings

For more info on the following listings or everything available in Flagstaff, visit: http ://villagelandshoppe .com/flagstaff_real_estate_mls .html You will also find a Free Phoenix MLS Search and a Free Tucson MLS search also!

Flagstaff, AZ Foreclosures Click here to print list with more details

Flagstaff Arizona Foreclosures & Bank Owned

Flagstaff, AZ Short Sales Click here for a printable list and more details

Flagstaff Arizona Short Sales

You can also email me for more info on any listing in Flagstaff, Phoenix or Tucson Arizona.

Note: Active-Cont Remove means the property has a contract but thecontract is contingent on something, usually the buyer has to sell aproperty, so they can be knocked out of first position.


Thanks,

Johnathan

Flagstaff Arizona Listings

MORE INFO @:

Flagstaff Arizona Real Estate - Homes & Land: http://www.villagelandshoppe.com Also see: Green Flagstaff AZ Real Estate http://www.greenflagstaffrealestate.com, Flagstaff AZ Real Estate Blog: http://www.flagstaffrealestateblog.com, Flagstaff AZ Homes: http://www.flagstaffhomes.net, Flagstaff Arizona Real Estate: http://www.flagstaffrealestatehomes.com, Rural Flagstaff AZ Real Estate: http://www.yourflagstaffhomes.com, Flagstaff AZ Real Estate Virtual Tours - http://www.flagstaffhomesearch.com

Short Sales, You Must Be Patient

Are short sales hopeless? I wouldn't say hopeless rather enduring. You have to be willing to play the banks game and be patient. The bank knows when a property has interest in it this will usually spark other interest. So part of the wait is to see if they can get more money. If you are the seller make sure your agent is still marketing your home and properly shopping offers. Your home is not “sale pending” until the bank approves the price. Also your bank wants your real estate agent to divulge offer prices to get more money. There are also other factors, banks are backed up (however its getting better and there are new things coming down to help), and do you have a second? Is the second with the same bank, if so they can foreclose, that second note goes away and they can maybe make a profit. You think well why would they risk loosing money? Well one reason could be there are write offs another could be bailout money or as mentioned maybe they can make more if there is a large second. One other big factor is they are not tied to a home like a home owner, it’s just numbers not their home. If you are the buyer, be patient but don't get too tied to a property just encase you do not get it either while waiting or if you are out bid.

Flagstaff AZ Real Estate - Homes & Land For Sale

All in all most buyers are not patient enough to wait 6 months (sometimes up to a year or more) for a response and if the agent is doing it correctly buyers can be knocked out of first position while waiting. Most sellers are in short sale for a reason, so they can't always hang on long enough. I would say 1 out of 10 short sales (in Flagstaff, AZ) actually closed last year, just a guess as the actually data is hard to track and will be easier in the new year.

Flagstaff AZ Real Estate - Homes & Land For Sale

Some banks are getting the hint; let’s approve a purchase price first. Makes sense right? If we have approval we can secure a buyer and close the homes. MOST banks at this point won’t talk to you unless: A) You are behind in payments, You have your home on the market, AND C) You have an offer. For example what happens now that there are 2 foreclosures in your neighborhood that have sold $200,000 under what you owe, 1 regular sale at $150,000 under and all the competition is $150,000 to $200,000 under? This is why it's nice to have a bank approval before hand, otherwise we may get 6 months into it and they say no. There is some good news though, it's getting better and I hear things are changing and our industry is catching up.

Best of luck to all buying or selling a short sale!

Johnathan

Flagstaff Arizona Listings

MORE INFO @:

Flagstaff Arizona Real Estate - Homes & Land: http://www.villagelandshoppe.com Also see: Green Flagstaff AZ Real Estate http://www.greenflagstaffrealestate.com, Flagstaff AZ Real Estate Blog: http://www.flagstaffrealestateblog.com, Flagstaff AZ Homes: http://www.flagstaffhomes.net, Flagstaff Arizona Real Estate: http://www.flagstaffrealestatehomes.com, Rural Flagstaff AZ Real Estate: http://www.yourflagstaffhomes.com, Flagstaff AZ Real Estate Virtual Tours - http://www.flagstaffhomesearch.com

Tip for parents

I have a child who attends preschool, well last night when mom was helping clear her nose, she discovered something in her nose. I reached for the tweezers and they both started freaking out. It appeared to be a portion of a crayon.

My daughter admitted that it was a crayon and she didn't tell her teacher because she didn't want to get in trouble because it was quite and sit still time.

I had her blow plugging a nostril and her mouth but her lungs must not have been powerful enough, and not knowing how deep it was my wife said no to the tweezers, so she insisted on taking her to the hospital because is was now after 9 pm. I congratulate our medical staff as they got it out without touching her.So here is the tip (pun intended) is you find yourself in my situation because kids will be kids.

They had my wife plug the other nostril and blew into her mouth and out shot the crayon tip! I was close bu did not think of this, so I want to share with the other parents out there.

Johnathan

Flagstaff Arizona Listings

MORE INFO @:

Flagstaff Arizona Real Estate - Homes & Land: http://www.villagelandshoppe.com Also see: Green Flagstaff AZ Real Estate http://www.greenflagstaffrealestate.com, Flagstaff AZ Real Estate Blog: http://www.flagstaffrealestateblog.com, Flagstaff AZ Homes: http://www.flagstaffhomes.net, Flagstaff Arizona Real Estate: http://www.flagstaffrealestatehomes.com, Rural Flagstaff AZ Real Estate: http://www.yourflagstaffhomes.com, Flagstaff AZ Real Estate Virtual Tours - http://www.flagstaffhomesearch.com