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

Weekly Foreclosure List Sept 7 thru Sept 14, 2009

Happy Monday!! How was your weekend? Too short I'm sure. Here is the weekly foreclosure list for the week of Sept 7 thru Sept 14,2009. Foreclosures are still coming on strong, 25 this week. There are some great deals out there. Please contact us with any questions or if you would like to see any of these. We would love to help you. Have a great week.

http://www.paarmls.org/prs/maildoc/sd_AAAa004Pw20090914091041.html


The Stephanie Woods Team
928-237-4455

4 Open Houses

4 Open houses Sat sept 12, from 10-2pm

Here is your chance to see 4 open houses.
These are all foreclosures! Priced Low to sell!

1215 Parkside Village, Chino Valley
$149,900 2 Beds 2 Baths 1421 Sq feet
Clean and ready to move in!

490 Lauren, Chino Valley
5 Bedrooms, 3 Baths
This home is like new!

7445 Weaver, Prescott Valley
Newer home in the Stoneridge Golf Community

8101 E Long Mesa, Prescott Valley
3 Bed, 2 baths 1468 Sq Feet
Great Value!

Stop by anytime between 10 and 2 Saturday September 12.
Or Call for a private showing 928-237-4455

901 Yuma, Chino Valley, AZ

Yuma, Chino Valley AZ

THIS WILL NOT LAST!!
Site Built home on 2 AC
1400 Sq Feet
Across from state Land
Separate Garage
Under $92,000

CALL FOR MORE INFO 928-237-4455
ACT FAST THIS IS YOUR CHANCE TO BEAT OTHERS TO THIS EXCEPTIONAL DEAL!!!

Weekly Foreclosure List 8/31/09 thru 9/07/09

Good Morning

Hope you enjoyed your Labor Day Weekend. It's always nice to have that extra day off. It was a busy week for foreclosures. There were 36 listed this week!! That's almost triple that was listed last week. Take a look at the link for these listings in the week of 8/31/09 thru 9/07/09. Please call us if you would like any more information or would like to see any of these. Have a great week.

http://www.paarmls.org/prs/maildoc/sd_AAAa001Je20090908091249.html

Don't forget to bookmark our page and check back frequently for the latest area Foreclosures and hot pre-listings.

Janette &  Jessica
Buyers Agents
The Stephanie Woods Team
928-237-4455
prescottreoagent@gmail.com

NEW Foreclosure in Prescott Valley

NEW foreclosure listing in Prescott Valley
You are the first to know, if you are interested call us to get your viewing before anyone else!

Address: Loos Dr. in Prescott Valley
3 beds 2 Baths
1786 Sq feet
Built in 1986
Sitebuilt
Priced under $78,000

NEED MONEY: We have connections with lenders that can get you up to 22% down on foreclosures!

CALL NOW, before you miss your chance at this great buy!
 (928)237-4455
Stephanie Woods Team, Keller Williams
prescottreoagent.com

1ST TIME BUYERS ARE SHOPPING

The market is definately picking up. 1st time buyers are out and shopping. If you are looking for a place of your own to call home pick up the phone and give us a call today. We are a hard working dedicated team willing to put in the footwork to find the right place for you.

The Stephanie Woods Team

928-237-4455

prescottreoagent@gmail.com

Call today!!

Weekly Foreclosure List Week of 8-24 thru 8-31-09

Good Morning

Hope you had a great weekend. Can't believe today is the last day of August, this summer has just flown by. Here is your link for the weekly list of foreclosures that were listed 8-24 thru 8-31-09. There are only 12 new listings this week!!!! I am also including our updated pre-list of homes that are coming on the market but have not been listed yet. This gives you the advantages of knowing what's coming on the market before anybody else. Please contact us for more information if you see something you may be interested in. Have a great week!!


The Stephanie Woods Team
928-237-4455


http://www.paarmls.org/prs/maildoc/sd_AAAa0028h20090831090119.html

PRE-LIST

Prescott Valley

Noel Court

Weaver Way

Loos Dr

Chino Valley

Parkside Village Dr

Yuma Drive

Lauren Lane

Lake Montezuma

Pima Way

Camp Verde
Pheasant Run Circle

Weekly Foreclosure List for Aug 17 thru Aug 24,2009

Wow, its Monday again. Kids are back in school and summer is rapidly coming to an end. Hope you had a good weekend. Here is the weekly foreclosure list for the week of Aug 17 thru Aug 24. Foreclosures are still coming on strong - 26 this week alone. Take a look if there are any you are interested in or know someone that may be interested please give us a call. Have a great week.

http://www.paarmls.org/prs/maildoc/sd_AAAa001b320090824081523.html


Janette & Jessica
Buyers Agents
The Stephanie Woods Team
928-237-4455

Weekly Foreclosure List for 8/10/09 thru 8/17/09

Good morning,

It's that time again, here is your weekly foreclosure list for 8/10/09 thru 8/17/09. Foreclosures are continuing to list at an average of 20-25 a week. Please look through them and let us know if we can help in any way. Remember, it's a buyer's market, if you are looking don't let this opportunity slip away!!

http://www.paarmls.org/prs/maildoc/sd_AAAa003_720090817085153.html


Janette & Jessica
Buyers Agents
928-237-4455
The Stephanie Woods Team
Keller Williams Check Realty

Weekly Foreclosure List 08-03-09 thru 08/10/09

Happy Monday Morning to you

Hope your week is starting off well. Here is the weekly foreclosure list for the week of 8/03/09 thru 8/10/09. Looks as if the quad-city area is averaging about 20 to 25 new foreclosure listings a week. Lots to choose from and see. Please let us know if we can help you with any of these or any others. We would love to work for you. Have a great week.

http://www.paarmls.org/prs/maildoc/sd_AAAa000vV20090810095219.html


The Stephanie Woods Team
928-237-4455

prescottreoagent.com

8/3 Foreclosure listings

Hello again

Check out this weeks listings!!! Foreclosures are continuing to come on the market daily. There are some great buys out there and now is the time to buy. Please give us a call if you would like to see any of these or if you have any questions. We would love to help you find a home. Just click on the link below for the weekly foreclosure list for the week of 7-27 thru 8-03-2009. Have a great week - try to keep cool!!

http://www.paarmls.org/prs/maildoc/sd_AAAa001rD20090803100454.html


The Stephanie Woods Team
928-237-4455

prescottreoagent@gmail.com

June new home sales rise 11 percent

New home sales in June posted the fastest increase in more than eight years as buyers took advantage of bargain prices, low interest rates and a federal tax credit for first-time homeowners.
While home prices are still falling, the figures released Monday were another sign the housing market is finally bouncing back. Earlier this month, the government reported that new home construction rose to the highest level since last fall. And data out last week showed home resales rose almost 4 percent in June, the third straight monthly increase.
"The worst of the housing recession ... is now behind us," said David Resler, chief economist at Nomura Securities. "We're turning the corner toward increased activity in housing."
New home sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, from an upwardly revised May rate of 346,000, the Commerce Department reported Monday.
Shares of big homebuilders soared on the news, with Beazer Homes USA up by more than 13 percent and Hovnanian Enterprises rising 8 percent in afternoon trading. But with home prices still falling, these companies won't be making much money anytime soon.
The median sales price of $206,200 was down 12 percent from $234,300 a year earlier and off nearly 6 percent from $219,000 in May.
In addition to lower prices, buyers are rushing to tax advantage of a federal tax credit that covers 10 percent of the home price or up to $8,000 for first-time buyers. Home sales need to be completed by the end of November for buyers to take advantage.
"The window of opportunity is closing," said Bernard Markstein, senior economist for the National Association of Home Builders.
June's results were the strongest sales pace since November 2008 and exceeded the forecasts of economists surveyed by Thomson Reuters, who expected a pace of 360,000 units. The last time sales rose so dramatically was in December 2000.
There were 281,000 new homes for sale at the end of June, down more than 4 percent from May. At the current sales pace, that represents 8.8 months of supply — the lowest level since October 2007. If that number falls to just over 6 months, analysts say, builders will feel more comfortable ramping up construction.
Fallout from the housing crisis has played a central role in the U.S. recession, now the longest since World War II. Foreclosures have spiked, homebuilders have slashed construction, and financial companies have lost billions.
But it will still be a while before homebuilders turn into an engine for the economic recovery. Construction levels are still weak because builders still have too many unsold homes sitting vacant.

Weekly Foreclosure List

Good morning

Attached is the link for the weekly foreclosures listed in the week of 7-20 thru 7-27-09. Foreclosures are continuing to come on the market at an incredible rate. The prices of these homes are incredible. If you are looking to buy or know someone that is looking to buy now is the time. There are some remarkable loans out there right now. We can lead you to that right loan officer. Please give us a call if we can help you in any way.
Have a great work week!!!

http://www.paarmls.org/prs/maildoc/sd_AAAa0073t20090727091209.html

Janette & Jessica
Buyers Agents
The Stephanie Woods Team
928-237-4455

prescottreoagent@gmail.com

HUGE PRICE REDUCTION!

WOW Huge Price Reduction on an already great Deal!

Haystack Rd, Chino Valley
Reduced to $390,000
Home is 3600 Sq Feet Tuscan Style
Custom Home, Well designed, BEAUTIFUL!!
3 Car Garage
7AC

8800 Sq Feet Barn
Cooled, automatic Waters
16 Stalls
2 Bath Rooms
NICE!!

Want to see this AMAZING home Call 928-237-4455! Janette

This Home is well worth a look. Appraised for over a Million a when built.

prescottreoagent@gmail.com

Fannie Mae Toughens Guidelines On 2-Unit Homes, Trailing Spouses And Retirement Portfolios

Mortgage approvals are getting more difficult. Again.

After reviewing recent unemployment data and market fluctuations, plus patterns of mortgage fraud, Fannie Mae is making major mortgage guideline changes for the first time in more than 6 months.

The changes are broad, impacting 15 separate areas of the mortgage approval process as detailed in Fannie Mae's official announcement.

Across-the-Board Guideline Changes:

• Credit, income and asset documentation can't be more than 90 days old. The former guidelines allowed for 120 days.


• Lenders must compare actual federal tax returns from the IRS to a borrower's supplied income documentation. Previously, this review step was at the lender's discretion.


• "Tip" income must be verified.


• Trailing secondary wage earning is now prohibited. This means that P&G employees relocating to Cincinnati can't use a spouse's "expected" Cincinnati income until that spouse actually has a job.


• Stocks, bonds and mutual funds get assigned 70% of current market value. Formerly, this was 100%.


• Retirement assets get assigned 60% of current market value. Formerly, this was 70%.

By themselves, these bullet points would kick more than a handful of home loans out of the underwriting queue but of all the changes Fannie Mae is making, the most impactful one may new its new restrictions on mortgages for 2-unit properties.

Until now, Fannie Mae had treated duplex homes as somewhat "safe", granting them the same liberal underwriting policies as for a single-family home. Because of defaults and fraud prevention efforts, though, Fannie Mae decided to make getting approved for a 2-unit property decidedly more difficult.

Minimum credit scores are higher and maximum loan-to-values are lower.

When your 2-unit is your Primary Residence:

• Purchase: Maximum LTV lowered to 80%; 640 minimum FICO.


• Rate-and-Term Refinance: Maximum LTV lowered to 80%; 640 minimum FICO.


• Cash Out Refinance: Maximum LTV lowered to 75%; 680 minimum FICO.

When your 2-Unit is an Investment Property

• Purchase: Maximum LTV lowered to 75%; 660 minimum FICO.


• Rate-and-Term Refinance: Maximum LTV lowered to 75%; 660 minimum FICO.


• Cash Out Refinance: Maximum LTV lowered to 70%; 680 minimum FICO.

Overall, Fannie Mae's new 2-unit guidelines restrict loan-to-value limits by as much as 15 percent and raise minimum FICOs by up to 40 points -- 2 major shifts in policy. Because of it, going forward, fewer 2-unit mortgage applicants will qualify for mortgages and that should slow both purchase and refinance activity in the 2-unit market until the market returns to balance.
It's especially tough for owners of more than 4 financed properties.

Fannie Mae has said September 1, 2009, is the "effective date" for its underwriting changes so not every lender is underwriting to the new rules just yet. It's expected that by August 1, all of them well.

Therefore, if you know that you have a 2-unit home to refinance, or that you need your stock and/or retirement portfolio to qualify for your mortgage, consider moving up your timeframe to the next two weeks. Lenders often implement new guidelines without advance warning and that could leave you in the cold.

Better to get a good rate today than to be ineligible for a great rate tomorrow. If I can help you plan for an upcoming mortgage, call or email anytime.

2 New Bank Repo listings

Hello Again,

We have 2 new Bank owned Listings about to hit the market. You are the first to know so you can be the first to submit an offer!
Call us for more information.
Jessica or Janette (928)237-4455

Granada, Chino Valley
1700 Sq feet
.25 Acres
Paved Road
2 Car Garage
Listed under $150,000

Haystack Rd, Chino Valley
3800 Square Feet
7 Acres
3 Car Garage
Listed under $450,000

Would you like more info or to see one of these fantastic deals? Call us 928-237-4455.
This info is not available anywhere else!!

Jessica Perey and Janette Woolcott
Stephanie Woods Team
Keller Williams
PrescottREOAgent@gmail.com