Archive for the ‘General’ Category
February 5th, 2010 in General | No Comments »
If you’re considering doing a short sale of your home, condo, townhome or other property in Phoenix metropolitan area, Arizona Association of Realtors has put together the following seller advisory which may help you determine different venues of pursuing assistance for your late mortgage. Please click on the link below to read the new “Short Sale Seller Advisory” for short sales in Arizona.
Click here to read the all-new Arizona Short Sale Seller Advisory
Tags: short sale advisory arizona, Short sale Arizona, Short sale Phoenix, short sale seller, short sale your home AZ, short sales Phoenix
January 18th, 2010 in General | No Comments »
New rules are in effect when you short sale a property in Arizona. You may qualify for a loan if you are current on your mortgage payments while performing a short sale. Directly from FHA:
Q: What guidance was recently published by FHA about short sales? What changes will you be making and when will they be introduced?
A: FHA issued new guidance to help responsible borrowers who did not fully payoff their mortgage due to extenuating circumstances gain access to FHA financing.
On December 16, we released a Mortgagee Letter (09-52) to lenders and underwriters regarding borrower eligibility for a new FHA mortgage after pursuing a short sale (when a previously owned property is sold for less than what is owed) or a short payoff, when there is a principal write down of indebtedness that cannot be refinanced into a new mortgage. In the letter, which took effect immediately, we stated that borrowers are considered eligible for a new FHA-insured mortgage if: 1) they were current on their previous mortgage and other debts at the time of the short sale and 2) if the proceeds from the short sale serve as payment in full. We also stated that borrowers are not eligible for a new FHA mortgage if they pursued a short sale agreement to take advantage of declining market conditions, or to purchase another property at a reduced price. Additionally, borrowers who execute a short sale while in default on their mortgage are not eligible for a FHA-insured mortgage for three years from the date of the sale. Lenders, however, can make exceptions if the default was due to circumstances beyond the borrower’s control, such as the death of the primary wage earner.
In layman’s terms, if you paid your mortgage on time even while performing a short sale, you may be able to qualify for a purchase. Please call us today with any questions you may have in regards to short sales in Phoenix Arizona and buying a new home after performing a short sale of your home.
Tags: buying a home Arizona after short sale, fha after a short sale, fha buying a property Arizona, Short sale Phoenix, short sale Phoenix arizona
January 18th, 2010 in General | No Comments »
HUD has announced that starting February 1st 2010, it will waive the 90 day investor rule. What this means to you, the investor, is that “flipping” of remodeled properties, investment and auction properties you purchase using New Front Group’s services has just been made easier, opening the doors to qualified buyers to finally use FHA financing to purchase your properties. If you are a real estate investor, please call us today to get a list of properties, often times before they hit the market, so we may guide you in your real estate investments in Phoenix Arizona.
Tags: 90 day FHA rule lifted Arizona, 90 day rule FHA waived, 90 day rule waived Arizona, Arizona FHA 90 day rule, FHA 90 day rule, FHA 90 day rule waived, FHA waives 90 day rule, home investing phoenix, home investment in Arizona, home investors arizona
January 1st, 2010 in General | No Comments »
Did you know you can view videos of our listings on YouTube as well as on the “Video” tabs within the listing details themselves? Now you know! Take a look at our video channel on YouTube:
http://www.youtube.com/user/NewFrontAZRealEstate
Tags: arizona real estate agent, arizona real estate on youtube, new front az on youtube, newfrontaz.com, youtube newfrontaz.com
December 25th, 2009 in General | No Comments »
From all of us here at the New Front Group, we wish you the best during the holidays, and a very Merry Christmas. Thanks to you all, our dedicated visitors, blog readers, clients old and new, partners in business around the world, we have experienced tremendous growth in 2009, and we look forward to an even greater 2010! Thank you for choosing the New Front Group for all of your real estate needs in Arizona!
Alex Jovicich, JJ Jovicich, Stephen Dean and James Mennes
New Front Arizona Real Estate Group
Tags: Arizona real estate, az real estate, new front az, New Front Group AZ
December 15th, 2009 in General | No Comments »
For our new and existing clients and followers of our blog and site, we appreciate you visiting our sites and info pages regularly! Did you also know you can follow us on Twitter at:
http://twitter.com/NewFrontAZ
If you’re a fan of Facebook, you can find the New Front Group Facebook Fan Page (where we update a ton of stuff as blog posts weekly) at:
http://www.facebook.com/pages/Tempe-AZ/Jovicich-New-Front-Group-of-John-Hall-and-Associates/134696470641
We appreciate you keeping up with us! If there is something you need to know about, feel free to e-mail us any time!
info@newfrontaz.com
Tags: Arizona Real Estate agents, new front arizona real estate, new front az facebook, New Front Group, new front group twitter
December 15th, 2009 in General | No Comments »
December 2009 update for Short Sales in Phoenix - Arizona Short Sales - Selling your property in Arizona as a short sale
One of the most important questions we get daily from our potential clients is about short sales in Arizona. How complicated is it to do a short sale in Phoenix? What are the basic steps you need to take to make sure you complete a successful short sale? While all these questions are great, there is no single, uniform way to answer them. Here is what we CAN tell you. In Phoenix Arizona, 82% of our business is thanks to short sales. Meaning, we, the New Front Group handle 82% of our business in either selling a short sale property, or helping buyers acquire a short sale in Phoenix. Our current “close” rate on short sales is 74%, meaning that we successfully close 74% of the short sales we represent on either end. While this may not be 100%, we (and our sellers and buyers) agree that having an in-house staff of certified short sale negotiators, along with our partners for listing at Talon Group Title Agency in Phoenix surely helps. In just the first two weeks of December 2009, we have been able to gain approval on 6 current short sale listings in Phoenix Arizona for our sellers, and 2 current short sale homes in Arizona for our buyers. Let us take on one of the hardest and tedious processes for you, and let us alleviate the pressure from the lenders/banks for you and your family. Remember, we NEVER charge anything up front for the purposes of selling your short sale property in Arizona. Call us today and let us, your dedicated Short Sale Home Expert Agents in Arizona help you market your property the right way!
PS Remember, there is NEVER a charge to you, the seller, whether we sell your property or don’t succeed despite our best efforts!
Tags: arizona short sale agents, New Front Group AZ, selling a short sale Phoenix, short sale a property in Arizona, short sale agents Phoenix, Short sale Arizona, short sale negotiators AZ, short sales Phoenix
November 26th, 2009 in General | No Comments »
Happy Thanksgiving to all of our regular visitors, clients old and new!
New Front Group
Tags: Arizona real estate, New Front Group
October 23rd, 2009 in General | 1 Comment »
10.23.2009-Phoenix, Arizona-Demystifying the Short Sale process.
With the increasing number of short sales in Phoenix Arizona and the surrounding areas in recent months, we felt that there was an unfulfilled need for a supported system of short sale processing for our existing and future short sale clients. As such, we went searching far and wide for a company which would assist us in bringing world-class service into the short sale processing and negotiations without being a financial burden for our clients, yet increasing efficiency for everyone involved in the process. Starting this week, Jovicich New Front Group will begin utilizing the services of CWY Holdings (Complete Short Sale Processors, a subsidiary of CWY Holdings, LLC) AT NO CHARGE TO OUR SELLERS. You will no longer need to pay out of pocket for any type of processing assistance. Besides having a dedicated team of short sale processing professionals, your real estate pros at Jovicich New Front Group will be able to keep you up to date on all steps involved in your short sale, in an organized, archived and easily-communicated manner via CWY’s patented database system, allowing all parties involved (sellers, buyers, agents, banks, title companies and negotiators) to communicate inside a single control panel, ensuring error-free short sale processing in Arizona. One of the main reasons we have decided to partner with CWY is transparency, as we felt that the current offerings of some of Arizona’s “short sale negotiating companies” fell short on their efforts to assist any of the parties involved, especially in communication between parties. As a short sale client with the Jovicich New Front Group, you will have 24 hour access to your file, keeping you up to speed, notifying you at any moment there are any changes, 7 days a week. We look forward to working with the Complete Short Sale Processors, and assisting you in all matters of a short sale of your condo, townhome, house and other residential properties. Please call us today and we will be happy to answer any and all questions regarding the potential short sale of your property in Arizona.
Tags: Jovicich New Front Group, listing a short sale, real estate agents phoenix, selling a home with a short sale Arizona, short sale agents Arizona, short sale agents Phoenix, Short sale Arizona, short sale Arizona sales, Short sale negotiators Arizona, Short sale Phoenix
October 12th, 2009 in General | No Comments »
This blog will be a bit different from others we’ve done. One of our agents, James Mennes and I sat down this morning in hopes of helping one of our out-of state clients with the school rankings in Maricopa County. What we found was a bit appalling, a bit concerning, and definitely confusing. We spent a few hours arranging information that will make it A LOT easier for anyone to view, arrange, and use. With that said, the following information was gathered by us from the Arizona Department of Education, and should assist anyone looking to buy a home in Maricopa County, yet who places utmost importance into ranking Arizona schools and Maricopa County school district rankings as their top priority.
Definitions:
Excelling-A 5 out of 5 “stars” grade-best of the best
Highly Performing-A 4 out of 5 “stars” grade
Performing Plus-A 3 out of 5 “stars” grade
Performing-A 2 out of 5 “stars” grade
Underperforming-A 1 out of 5 “stars” grade
Failing-A 0 out of 5 “stars” grade
Arizona Dept. of Education calls it “AZ Learns” designation, and as such, utilizes various standards to come up with the grading system. We will not be commenting on how the designations are earned (as it is standardized by the state), but it utilizes various factors of highest importance to rank them as such.
Please click on the link below to download the Excel file we came up with today. It is arranged alphabetically, yet arranged in “groupings” of alike “rankings” to make it easier for anyone to disect the information, as needed.
Link to NewFrontAZ.com’s Maricopa School Rankings File
If there are any suggestions on how to make it easier to view, please e-mail me directly at alex@newfrontaz.com
Thanks,
Alex Jovicich
Tags: AZ learns, home buyer Maricopa County schools, Maricopa County School rankings, School district rankings, school rankings for Maricopa County
