Highland Ranch Bank Owned Property in Chino Valley, AZ

To view this home before it's gone call today
The Stephanie Woods Team
928-237-4455

We also have a list of pre-foreclosures that are not yet on the market.  Call today to find out more.

4 Bedroom in Quailwood

For Sale: 3BR/2BA Single Family House in Prescott Valley, AZ, $143,500

For Sale: 3BR/2BA Single Family House in Prescott Valley, AZ, $143,500

To check out this great home click on the link and give us a call today to view it before it is gone

The Stephanie Woods Team
928-237-4455

Prescott REO Homes and the New Tax Credit

Prescott Arizona REO properties are still a large part of the Prescott housing market currently accounting for about 35% of the sales with only 10% of the listings. Many bank owned properties come with perks such as home warranties or seller paid closing costs which make the deals even more attractive. On top of those, President Obama has signed a bill that extends the existing tax credit for first time homebuyers into the first half of 2010. The extension continues the existing tax credit for 10% of the purchase price up to a maximum of $8,000 for first time homebuyers (anyone who has not owned a home in the last three years).
In addition, the new bill also opens up opportunities for others who are not buying a home for the first time. For buyers who have owned a home for five of the last eight years and are purchasing a new primary residence they will receive a tax credit of 10% of the purchase price up to $6,500. They do not need to sell their existing residence to qualify, but they must move into the new home as a primary residence. This expansion of benefits to non-first time buyers is particularly helpful for a large segment of the Prescott area buyer's market. We all know what a great place Prescott is to live in and we are not alone. Most Prescott agents have an extensive list of prospective buyers who intend to move to Prescott in the future. This $6,500 incentive seems almost tailor made for this traditional Prescott buyer base.
In both cases, buyer income caps apply. There are other details of the bill that may impact individual situations. Ask me to recommend local mortgage brokers who will be happy to consult with the buyer's CPA to determine exactly what their credit is likely to be.
Both tax credits apply to purchases under contract by April 30th 2010 and they must close before June 30th 2010. This give Prescott REO buyers approximately five months to find a home and write a contract. Additionally, Federal Reserve bond purchase programs that have helped keep rates low over the last year are currently winding down. Many forecasts suggest rates in 2010 will average more than half a percentage point above current levels. Local appraisers are telling us values are stable in almost all of Yavapai County and do not show signs of continued decline. Combine the short window on the tax credit, the likely rise in rates and stabilization of prices and its hard to imagine a better opportunity for buyers than right now.

The following links are to REO (bank owned) and short sale listings that have gone on the market since November 1st.

New Prescott Short sales and REOs

New Prescott Valley & Chino Valley short sales and REOs

All other new Yavapai County Short sales and REO's



As always if you have any questions about any of these properties please give us a call.
All the Best,

 

Stephanie Woods Team

Keller Williams Check Realty

Call 928 237-4455

Prescott Valley Foreclosure New on Market

Prescott Valley Foreclosure

1506 square feet, 3 Bedrooms 2 1/2 baths

Only $150,000

Click on the Title for photos and details.

Stephanie Woods Team
Keller Williams Check Realty
928 237-4455

FORECLOSURE ON THE GOLF COURSE

We have a large selection of foreclosures not yet on the market.  Call us today to see if we have something to meet your needs.

The Stephanie Woods Team
928-237-4455

Poquito Valley Foreclosure on 2 Acres

$8,000 First Time Homebuyer Tax Credit to be Extended?

Tax Credit extension likely?

Diana Olick, CNBC’s Real Estate Reporter, thinks the administration is going to extend the $8000 Home Buyer’s Credit. “I was on the fence for a while as to whether Congress would extend the $8000 first time home buyer tax credit and whether the Administration would stand behind that, but I'm getting some clues that have pushed me over the side,” Olick says. “I think it may happen.” She names a couple of insiders who deflected her questions about an extension, but cites Secretary Geithner as saying, “We're not going to make the mistake many countries made in the past of putting the brakes on too early and creating risk that we have a, you know, weaker recovery with even higher levels of unemployment going forward.” And Geithner again: “…[we are] looking at a set of programs like unemployment insurance, other sets of things that have--that are set to expire. And there's a good case for extending them. And I think a lot of support fundamentally for doing it.” Olick also cites a report by the Joint Committee on Taxation on extending and even broadening the credit that Capital's Washington Research Group says, "strongly suggests that a mere extension of the program will be much less and refutes whispers in Washington that an extension alone could cost more than $15 billion.”

NEW Prescott Valley Foreclosure

Hitting the Market today!
You are the first to know!

Noel Ct, Prescott Valley,
1300 Sq Feet
3Bed 2Bath
Built in 1994
Only $99,000

Need Money? We have lenders who can get you up to a 22% Down payment that you do not need to repay!
Tax Credit expires end of November, time is running out


Call the Stephanie Woods Team
928-237-4455

Weekly Foreclosure List Oct 12 thru Oct 19, 2009

Good Morning,

What a beautiful weekend it was here in Prescott. Hopefully this weather continues for a while. Here is your weekly foreclosure list for the week of Oct 12 thru Oct 19, 2009. It was a slower week for foreclosures, 19 this week. If any of these interest you or if you know anyone that may be interested please do not hesitate to call us. We would love to help you!!

http://www.paarmls.org/prs/maildoc/sd_AAAa005Pl20091019091423.html



The Stephanie Woods Team
928-237-4455

Weekly Foreclosure List Oct 5 thru Oct 12, 2009

Good Morning

Hope you had a great weekend and even better week. Here is the weekly foreclosure list for the week of Oct 2 thru Oct 12, 2009. Again, now is the time to buy, the prices on these homes are unbelievable!! If you are in the market for a new home or know someone that is PLEASE act now and give us a call. Remember there is still time for the $8,000 tax credit and there are loans out there that can get you into a foreclosure that the government will give you up to 22% down. You could be possibly paying more in rent now than you could be paying to own your own home. Don't let these opportunities pass you by. Have a great week.

http://www.paarmls.org/prs/maildoc/sd_AAAa004PZ20091012094244.html


The Stephanie Woods Team
928-237-4455

INTEREST RATES ARE DOWN.

According to Freddie Mac, 30-year-fixed-rate mortgage average fell further to 4.87 percent with an average 0.7 point for the week ending Oct. 8 from 4.94 percent last week. “Such low rates are spurring mortgage demand,” said Frank Nothaft, Freddie Mac vice president and chief economist, in a statement.

"Interest rates for 30-year fixed-rate loans were the lowest since mid-May; 15-year FRMs were at a record low since data were first collected in 1991 and 5-year ARMs also hit an all-time record starting in 2005. Compared to a year ago, consumers could shave almost $134 off their monthly mortgage payments on a 30-year fixed-rate loan for $200,000 by refinancing.

In addition to spurring mortgage demand, applications were up to a 19-week high over the week ending in Oct. 2, according to the Mortgage Bankers Association – applications to purchase a home were at the strongest pace since the beginning of 2009.

Pre-Listed Foreclosures

Hello all,

Please stay tuned.  We have many new bank owned properties coming on the market soom.  If you would like a sneak peak e-mail prescottreoagent@gmail.com and ask for our list of properties soon to hit the market.  For the commercial investors we will also have a few listings for you.


928-237-4455

The Stephanie Woods Team
Keller Williams Check Realty

NEW Foreclosure

New Foreclosure!!!
Hitting the market TODAY!


Ruth, Downtown Prescott
1 Bed/1Bath
$75,240

Call to see it! 928-237-4455

Weekly Foreclosures 10/5

Weekly Foreclosure list:

http://www.paarmls.org/prs/maildoc/sd_AAAa002RK20091005175800.html

HURRY time is almost up for the Tax Credit!

If you are looking to take advantage you need to have closed on a home by end of November and it usally takes 30-45 days to go close.

We are here to help!

Keller Williams

(928)237-4455

Prescottreoagent@gamil.com

Weekly Foreclosure List 9/21/2009 thru 9/28/2009

Good morning and happy Monday to you. This week's foreclosure list dropped in listings dramatically from last weeks. Only 11 this week. We have seen a pick up in buyers and can assume these buyers are taking advantage of the tax credit and low interest rates. If you are looking to buy do not let these great incentives pass you by. Remember unless the government gives an extension the $8000 tax credit goes away next month. Let us help you find that home. Call us!! Have a great week.

http://www.paarmls.org/prs/maildoc/sd_AAAa006JA20090928092359.html


The Stephanie Woods Team
928-237-4455

Weekly Foreclosures

Hello,

Time for the weekly Foreclosure list. We have 12 new ones this week. If you are on the hunt for a property please let us know so we can set you up on a customized search that will be sent directly to you. You can either call 928-237-4455 or email PrescottREOagent@gmail.com

http://www.paarmls.org/prs/maildoc/sd_AAAa007KK20090921133528.html

THE MARKET IS CHANGING!! We are picking up. Multiple offers are coming in on these foreclosure. You need to be ready to act quickly and efficiently to ensure you get the property you want.

What you can do to be ready. Get yourself qualified with a lender. We need a loan qualification to present an offer and you need to know what and how much you can afford. Below are 2 recommendations. Please don't wait until the last minute.

Penny Pennington
Wells Fargo
Cell: 623-606-0809

Anna Newman
Bank Of America
775-6433 x 227
899-8907

Tax Credit ends in November so if you are looking to take advantage of that you need to be in contract with a place by Mid October to close in time!

Thanks Have a great Week!!

Like New 5 Bedroom

NEW FORECLOSURE!

Lauren Ln in Chino Valley

2600 Sq Feet

5 Bed 3 Bath

1 Acre

Separate living Room and Family Room

Fire Place, Stainless Appliances Upgraded Cabinets

LIKE NEW!



$249,000



Call Jessica & Janette 928-237-4455
PrescottREOAgent@gmail.com


Stephanie Woods Team

Keller Williams

Stoneridge Bank Owned Property

Hello,
We have 2 new foreclosures that are hitting the market TODAY!

Weaver, Stoneridge Prescott Valley
$256,500.
3654sq ft
4 bedroom 3 bath with
living room, family room, dining room, breakfast nook, and
LARGE office.loft 2 Car garage.
This is an AMAZING PRICE. It WILL go fast. So Call to get your first look!




901 S Yuma, Chino Valley
Under $92,000
1400 Sq feet
2 Bed 1 Bath
2 Acres
2 Garage

CALL to see these before anyone else! 928-237-4455


Stephanie Woods Team
Keller Williams