FORECLOSURES 5/14/2010-5/21/2010

The link attached lists all the new Prescott area foreclosures for the last week. Please contact me for additional listing information.

http://www.paarmls.org/prs/maildoc/sd_AAAa0068W20100521142925.html

Stephanie Woods
928-308-8565

Cash for Short Sales
Short Sales are More Valuable Than Ever!

Avoiding foreclosure is always a smart move, but now there are incentives that make it an even better one.

Short sales and deeds-in-lieu are dignified solutions to foreclosure, and now the government is making them easier and quicker through the Home Affordable Foreclosure Alternatives Program, or HAFA, which also gives the homeowner $3,000 for participating.

Call me regarding the benefits of completing a HAFA short sale.

Please contact me to start exploring solutions.

Stephanie Woods
928-308-8565

Home Buyer Tax Credit Extension

Home Buyer Tax Credit Extension for Military
Included in the Worker, Homeownership & Business Assistance Act of 2009, is a special provision for:

q Members of uniformed services
q Members of Foreign Service of the US
q Employees of Intelligence Community
q Spouse of any of the above

In laymen’s terms:

The same rules that had applied to first time home buyers are still in effect, but the time frame has been extended to the military and certain federal employees (above)--they get a one year extension to buy a home until April 30, 2011 and close by June 30, 2011.

For repeat buyers (meaning that they must have used it as a principal residence for 5 years out of an 8-year time period), the dates above apply here.

More definitions that you need to know.

“Extended duty “means severing 91 consecutive days

“Place of duty” means either overseas or at least a 50 mile distance from their primary residence.

“Duty Dates” mean they must have served 91 consecutive days between January 1, 2009 and April 30, 2010

Here's the link to the IRS page about it.

http://www.irs.gov/newsroom/article/0,,id=215594,00.html

MLS 946235

MLS 946235

Do you keep missing out on the best REO deals?

It seems like the best bank owned properties always sell just as soon as they are listed. Often with with multiple offers and at prices higher than listed.

Each week we put together a list of the latest bank owned homes that are being sold in Yavapai County. If you are interested in finding the best deal on a home, land or even commercial property we may already have what you are looking for. You see, we have access to properties that we call "pre-marketing listings". These are foreclosures that have been assigned to us and other REO teams that are not yet publicly listed. If we know what you are looking for, we can show you the best selection of great deals available and even give you an inside track.

Don't miss your best chance at the best deals available. Give our buyer's agent a call and ask to be added to our exclusive REO email list.

Call Stephanie Woods Team at 928-237-4455

Supernice REO Listing, Prescott Valley AZ

Spectacular Bank Owned Bargain, Prescott Valley AZ

Contact Stephanie Woods directly at 928-237-4455 for more information on this wonderful home.

New Quailwood REO listing only $134,900

This home is in great condition and priced way below even the other bank owned homes. If you don't want to miss the best Quailwood deal, call The Stephanie Woods Team today at: 928-237-4455

New Prescott Valley Foreclosure only $79,000

The Stephanie Woods Team
Call 928 237-4455 for Information of the Prescott Areas Best REO Properties.

Talking Rock Ranch on the Fairway $239,900

Seller included $14,000 club membership to buyer!

Talking Rock Ranch

New Prescott Area Foreclosures

Here are the most recent foreclosures listed since December 14th.

New Prescott Foreclosures


Prescott Valley and Chino Valley Foreclosures
 
All other Yavapai County Foreclosures

Please feel free to call or email with any questions.

Happy New Year!

Stephanie Woods Team
Keller Williams Check Real;ty
928 237-4449





 

Prescott Forclosure LIst

Hello Prescott area REO buyers. Here are the latest foreclosures listed since November 30th.

New Prescott Foreclosures

New Prescott Valley & Chino Valley Foreclosures

All other Yavapai Country Foreclosures



Please feel free to give us a call or email with any questions. Our goal is to make it easy for you to find and purchase a great Prescott area REO home.

Stephanie Woods Team
(928) 237-4455

Talking Rock Ranch REO for only $252,500

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