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Foreclosure Moratorium Update - Arizona

At the end of June, M&I bank announced that they are extending their foreclosure moratorium until September 30th, 2009.  Don't expect to see their REO inventory anytime soon.

Fannie and Freddie had quietly lifted their moratorium back in April.  The homes that were unable to get modifications or short sell are still facing foreclosure and should be hitting the auction block.  If they don't sell at the courthouse, buyers should be seeing more and more of those as REO's available.

 

The Phoenix Metro Group|www.Phoenix-Metro.com|480-294-8680

0 comments • Amy Gerrish, Realtor (Phx to San Tan Valley) • July 08 2009 01:32AM

Blackbird Music Center - Open Mic Night

Open Mic Night - Friday, July 3rd 8-10pm - PARTY!!!!

Independence Day Party on July 3rd during Open Mic Night at Blackbird Music & Art Center on Friday July 3rd from 8-10pm.

Snacks available, raffles and fun for all ages. P.A. Provided - just bring your instrument and your amp and your groupies!

Blackbird Music & Art Center is located at 18911 East San Tan Blvd. Queen Creek. 1/2 mile East of Power. 


Visit www.SanTanEvents.com for Queen Creek/San Tan Valley Events

 

Amy Gerrish | www.Phoenix-Metro.com | 480-294-8680

 

 

0 comments • Amy Gerrish, Realtor (Phx to San Tan Valley) • July 03 2009 03:37PM

San Tan Valley, AZ - The new name for Northern Pinal County

The area of Pinal County that shared the name Queen Creek for their address now has a new name: San Tan Valley, AZ. It was voted on by residents in a somewhat last minute vote. Out of 23 names voted on, San Tan Valley beat out the other popular name Bella Vista. With this change, there will be new zip codes as well.

If you live in these subdivisions, you will now be known as San Tan Valley, AZ.

* Arabian Trails
* Bella Vista
* Bella Vista Farms
* Bonanza Ranch
* Borgata
* Caballero
* Cambria
* Canyon Rock
* Castlegate
* Circle Cross
* Copper Basin
* Dobson Farms
* Equestrian Manor
* Estates
* Fairways I, II & III
* Gallery I, II & III
* Goldmine Equestrian
* Greens I & II
* Home Place
* Horseshoe Canyon
* Ironwood Crossing
* Johnson Ranch Phase I
* Johnson Ranch Phase II
* Lakeview Gardens

* Laredo Ranch
* Lariat
* Legends
* Magic Ranch
* Magma Ranch
* Masters
* Meadow Vista
* Moonshadow
* Morning Sun Farms
* Mustang Ridge
* Northern Johnson Ranch
* Oasis Magic Ranch
* Ocotillo Trails
* Ocotillo Verde
* Ocotillo/Kenworthy
* Pecan Creek
* Pecan Farms
* Pecan South
* Ponderosa
* Quail Run
* Rancho Bella Vista
* Riding Stables
* Rodeo Ridge

* Rurals

* RV Park
* San Tan Heights
* San Tan Shadow
* Silverado Ranch
* Skyline Estates
* Skyline Ranch
* Solera
* Sonoran Villages
* Southern Johnson Ranch
* Stagecoach Pass
* Sterling
* Stonegate, Rosewalk
* Superstition Views
* Taylor Ranch
* The Crossings
* The Links
* The Springs
* Torrey Park
* Trilogy
* Ware Farms
* Wayne Ranch
* Whitewing

For complete facts about the name and zipcode change please visit the Pinal County website: http://pinalcountyaz.gov/Residents/Pages/SanTanValley.aspx

 

Amy Gerrish, Realtor| http://www.phoenix-metro.com |480-294-8680|amygerrish@gmail.com|

0 comments • Amy Gerrish, Realtor (Phx to San Tan Valley) • July 02 2009 03:13PM

Homes are flying off the market!!

The competition for desirable homes under $150k sales price has increased dramatically over the past several months. Multiple offers above list price are not uncommon. It is important to note that the buyer/borrower is still “protected” by the appraisal. Re-negotiations even on bank owned properties normally seem to end up setting the new purchase price equal to the appraised value. The appraisal on FHA and VA loans stays with the property for 6 months.
Also, the new national appraisal ordering system for all Conventional appraisals keeps the seller from wondering if the buyer and “his” appraiser are working together to get a lower sales price. Just some food for thought as you hopefully work to find your buyer homes in the market.

If have a home that you need to sell, whether you are upside down or not give us a call at the Phoenix Metro Group.

Amy Gerrish | www.phoenix-metro.com| 480-294-8680 | amygerrish@gmail.com

 

0 comments • Amy Gerrish, Realtor (Phx to San Tan Valley) • July 02 2009 12:32PM