Military New Loan Program

The Pima County Bond Program (also called the Mortgage Revenue Bond or MRB) has been around for years now. Funds are depleted from time to time but there are currently $25 million dollars available. This is a subsidised interest rate program for first time buyers and veterans. The interest rate offered is adjusted periodically to keep it below the rate available on the open market. The news today is that the interest rate was adjusted on Friday to 2.99%! Mortgage rates are extremly low but it is safe to say that this is well below the open market.

The good, the bad, and the beautiful:

The good:  

     -This program can be used anywhere in Pima County including the city of Tucson

-The interest rate is available to first time buyers and veterans

-Subject properties do not have to be bank owned

-The interest rate is fixed

The bad:

-If a buyer holds the title to any other property they are ineligible

-There are income limits

-1 or 2 person households $70,800

-3 or more person households $82,600

-There are maximum purchase prices

-One unit existing $284,635 or new $347,485

-Two unit existing $364,365 or new $445,335

The beautiful:  

There is a down payment assistance program that can be used with the bond program. The guidelines above apply as well as some additional ones.

-$8,500 is available for down payment assistance and closing cost

-The $8,500 must be repaid when the home is sold (a lien is recorded)

-Interest accrues on the silent second lien at 2%

-Income limits are tighter for the DPA

-1 person household $32,200

-2 person household $36,800

-4 person household $46,000

To see the source visit the website of the City of Tucson Industrial Development Authority. I promise, the procedure can be painless!

Steven Van De Beuken

Sunstreet Loan Officer

2840 E Skyline Dr Ste 230

Tucson, AZ 85718

Arizona Association of Mortgage Professionals/Southern Chapter

President

Cell    520-235-6862

Office   520-547-4149

Alex Charfen founder of Institute Of Certified Distressed Property Institute, CDPE, commented that Arizona has less than a month and half months inventory. There are investment opportunities everywhere with 12 percent cap rate. In Arizona, major lenders consider number of short sales are going through the roof and foreclosures have plummeted. Two lenders confirm the reason for the change is due to educated real estate agents. Real Estate agents are saving this market. The lenders recognized that they need educated real estate agents.

Why short sales?

• Reserve Neighborhood Values
• Preserve Property Values
• Avoid Foreclosure

The Investor Opportunity

• Capitalize On Current Market Trends
• Overcome Seasonal Sales Slow Down
• Streamline transactions
• Build Wealth

Trends 13 percent of homebuyers own more than one home which is a 30 percent increase in one year have more than one homes.

With approximately 17 percent of homebuyers owning more than one home. People that have cash recognize the opportunity. 40 percent walk in and buy with cash. All properties closing with cash include persons 65 or older buying vacation homes.

Investors Purchasing more frequently with stats showing for  2007 the average homeowner moved every 6 years.

In 2011 it was every 9 years. The average investor buys every two years. Real Estate consistantly outperforms the stock market.

More than 33 percent of Americans depend upon real estate investors to provide  homes. Real Estate appreciation from 1969 through 41 years real estate had 4 years of negative appreciation max. -.13%.

We had a bubble!!

Real Estate values have increased in the last decade despite the market turn-down.

What happens when you buy investment property?

Answer: You get an income stream.

Real Estate is an amazing investment.

Don Vallee is a Certified Investor  Agent Specialist or CIAS with Alex Charfen’s Institute.

Contact Don at 520.544.5555 or email Don.

Vallee Gold Team

Alex Charfen "RE/MAX Excalibur 2012 Sales Rally"

As of January 06, 2012 the Tucson Arizona median home price for single family home price is $169,251 and the average property in Tucson has been on the market for about 166 days. It appears the housing market is showing signs of leveling out with inventory at approximately 5,000 properties on the market.

Let us know if you would like a report created for your neighborhood.

Contact Don or Kathy Vallee 520.544.5555

Vallee Gold Team

Tucson Arizona Homes For Sale

]]> http://tucsonazrealestate.com/2012/01/15/tucson-arizona-housing-market-stats-as-of-january-06-2012/feed/ 0 http://tucsonazrealestate.com/2012/01/14/remax-sold-more-real-estate-in-the-world/ http://tucsonazrealestate.com/2012/01/14/remax-sold-more-real-estate-in-the-world/#comments Sat, 14 Jan 2012 15:55:19 +0000 Vallee Gold Team http://tucsonazrealestate.com/?p=3099

RE/MAX SOLD MORE REAL ESTATE IN THE WORLD

Dave Liniger founder of RE/MAX voted “Most Influential Leader” by Inman News at the New York “Real Estate Connect conference in 2012. RE/MAX Associates sold has SOLD more Real Estate than anyone in the World. According Dave Liniger “We have out produced our competition’.

We are number ONE in the United States and Canada.

We are number ONE in many countries around the globe.

In 2011 many clients spoke loudly about the service RE/MAX agents have delivered through real estate sales. J.D. Power and Associates 2011 Home Buyer/Seller study recognized RE/MAX for providing highest overall consumer satisfaction for both buyers and sellers. Dave Liniger, RE/MAX chairman and co-founder was delivered this great news!  RE/MAX  awarded the highest ranking  for “Home Sellers” and “Home Buyers“. “It comes down to professionalism and commitment to a proven level of customer service”, said Dave Liniger.

REMAX.Global.com

Search Properties Around The World!

Search Tucson Arizona Homes

Don & Kathy Vallee with RE/MAX Excalibur Realty are listed as a Top real estate teams in Tucson and Oro Valley Arizona! If you want a to receive these same real experiences then call

Don Vallee or Kathy Vallee

520-544-5555

Vallee Gold Team “From Gold To Sold”

What is HAFA?
The HAFA program was designed to help people that borrowed money to buy a home and now they find themselves owing more on the mortgage than the home is worth. This program was to assist the borrower that is in default or distress and is no longer able to make the mortgage payments. Fannie Mae has created some guidelines to qualify for this program. Many borrowers have a ton of questions about the program, therefore Fannie Mae has created a frequently asked question document that addresses most of the questions. Don Vallee-Certified Distressed Property Specialist in Tucson Arizona

Short Sale 

A short sale, also known as a pre-foreclosure sale, is the sale of a property for less than the balance remaining on the mortgage loan secured by the property. With a short sale, the mortgage lender agrees to release its mortgage lien on the property when it receives the proceeds of the sale of the property, even though the proceeds are less than the mortgage loan balance. Benefits to you may include:

• Avoiding foreclosure
• Satisfying the outstanding balance on your Loan
• Receiving a cash payment in the amount of $3,000 to use toward moving or other expenses

Deed-in-Lieu of Foreclosure (DIL)

With a DIL, you voluntarily transfer ownership of your property to your mortgage lender to satisfy your Loan. Benefits to you may include:

• Avoiding foreclosure
• Satisfying the outstanding balance on your Loan
• Receiving a cash payment in the amount of $3,000 to use toward moving or other expenses
• Qualifying to lease the Property at a below-market rate rental for up to 6 months with a possibility of extending the lease for an additional 12 months at market rate rental

If You Are Interested In Learning Hw To Avoid Foreclosure—Respond Today! Call Don at 520-544-5555

Don & Kathy Vallee HELP…people figure out if they should consider a “Short Sale”

Resolve to Face the Facts!

Since 2007, 8.9 million homes have been lost to foreclosure and millions more are headed in that direction.

As a real estate professionals who have earned the Certified Distressed Property Expert (CDPE) designation, our mission is to ensure that you or anyone you care about does not add to that statistic.

The unfortunate fact is that so many homeowners who have played by the rules and never imagined that they could be facing foreclosure are now in a very tough situation.

More than one in four homeowners owes more on their mortgage than their home is worth. On top of that staggering statistic is the fact that millions of homeowners are unemployed, or underemployed and falling further behind every month.

Sound familiar? Rest assured you are not alone.

If you feel that you are headed toward foreclosure, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options.

As a distressed property consultants, we help distressed homeowners to work through every aspect of the denial and discouragement that accompanies a mortgage which is no longer manageable, and in the process, to move toward financial solvency.

If you or someone you care about is ready to tip the scales back toward financial solvency, contact me today and let’s get started.

www.CallToAvoidForeclosue.com

Set against rugged mountain silhouettes back dropped by midnight blue skies, offers a wide variety of equestrian charm. Located  along the base of the Catalina Mountains near Reddington Pass sits on of Tucson’s well-known area of Tucson “Saguaro National Monument west”.   Defined by its lasting roots and connection to the area’s rich native Sonoran Desert landscape. Located near the Tanque Verde guest ranch that was established in 1868 by the Carrillo family,  used as a cattle ranch. Expansive horse property estates with easy access to riding trails can be found in the Black Hills USGS quad topo map. This reservoir is stocked with fish by the Fish and Game department in Pima County.

We have featured this property for sale!

The seclusion of 4.27 (+/-) acres can be found at 420 Pinto Place, Tucson AZ 85749 a Mexican southwestern influence built by the famous architect Bennie Gonzales with a modern flair.

Exclamation point…

Enjoy spectacular views from this private gated equestrian estate adjacent to riding trails. This elegant 27 acre equestrian estate offers architectural features designed by the famous “Bennie Gonzales” with a contemporary flair.”Tucson Southwest With Mexican Influence”…impressive details such as Glass doors, soaring wood ceilings, sweeping window walls to enhance the gorgeous out door scene.  A dramatic open floor plan with a European twist to every room but keeping with in the  southwestern ambiance.

Dust off your boots, saddle up and hit the 5 mile riding trail. With breathtaking backcountry hiking trails, everyone  can find a place to enjoy here. Take  the family to the near-by pond to fish or hang out bird-watching…looking for heron and ducks…

Bennie Gonzales Architect

Search Equestrian properties

For Appointment Call Don or Kathy Vallee at 520-544-5555

Vallee Gold Team

RE/MAX Excalibur Realty

11115 N. La Canada Dr. Suite 155, Tucson AZ 85737

Tucson Luxury Home Specialist

Vallee Gold Team “Just Listed” Home In Oro Valley, AZ

MLS#: 21130030

2371 E Skipping Rock Way Tucson, AZ 85737

Desirable Community of Rams Canyon in La Reserve at the base of Pusch Ridge

Vallee Gold Team Just Listed 2371 Skipping Rock

Located in the heart of Oro Valley, Arizona sits a beautiful 4 bedroom, 2 bath, 1,873 square foot home with custom tile, wood floors and plantation shutters! You will enjoy this single level open floorplan with a spacious kitchen, professionally painted with granite, island, stainless steel undermount sink and oak cabinets with pullouts. Best of all, the Family room features a cozy fireplace and double slider to patio. Exquisite Master suite boasts fireplace with remote, french door to patio and master bath with garden tub, double vanity and large shower. The professionally landscaped backyard has covered patio, sparkling pool and gorgeous mountain views. Bonus – enclosed dog run on the north side of the home with dog door, and two car garage.  Built in 1998.

This home offers the following appliance package: Alarm; Dishwasher; Disposal; Garage Door Opener

School District is Amphitheater: Elementary:Copper Creek, Middle: Cross, and High School: Canyon Del Oro

Directions: N-Oracle, E-Rams Field, N-Skipping Rock (First house on left)

RE/MAX Excalibur

Don Vallee, ABR, CRS, SFR

Kathy Vallee, CDPE, CRS, CLHMS

11115 N. La Canada #155

Oro Valley, AZ 85737

don@donvallee.com

http://www.ValleeGoldTeam.com

520-544-5555

]]> http://tucsonazrealestate.com/2011/11/23/vallee-gold-team-listing-2371-e-skipping-rock-way-tucson-az-85737/feed/ 0 http://tucsonazrealestate.com/2011/11/19/city-of-tucson-thanksgiving-holiday-schedule-change-2011/ http://tucsonazrealestate.com/2011/11/19/city-of-tucson-thanksgiving-holiday-schedule-change-2011/#comments Sat, 19 Nov 2011 20:41:56 +0000 Vallee Gold Team http://tucsonazrealestate.com/?p=3066

City of Tucson announces the
THANKSGIVING DAY HOLIDAY
TRASH & RECYCLING COLLECTION SERVICE CHANGES

The Thanksgiving Day holiday will be observed on Thursday, November 24, 2011.  Residential and commercial trash and recycling will not be collected on Thursday. All City of Tucson residential customers with regular Thursday or Friday service will have their trash and recycling service collection delayed by one day. Holiday collection schedules are available online at www.tucsonaz.gov/esd

The Los Reales Landfill and the Household Hazardous Waste (HHW) facility will be closed.

Tucson

City offices will be closed on Thursday, November 24, 2011, however, customers may leave a message for Environmental Services Customer Service at 791-3171 or submit a service request at www.tucsonaz.gov/esd and they will be contacted no later than the next business day. Customer Service will be available on Saturday from 7:00 a.m. to 3:00 p.m. of the holiday week.

Contact:
Cristina Polsgrove
Environmental Services
ph. 520-837-3715
cell: 520-975-5966

Bright Solutions from Tucson Electric Power has just introduced a home energy report. In Tucson Tucson Electric power clients  can request a personalized report to help save energy. The purpose of the report is to:

• Provide Information
• Help you track your progress
• Share energy efficiency tips

Ways to Conserve Energy