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January 2010 - Posts

'09 sales pace driven largely by foreclosures
Lenders in 2009 foreclosed on about 41,000 single-family detached homes in Maricopa County , according to a report from Arizona State University. That's more foreclosures than the Valley has seen during any previous year on record, accounting for Read More...
Posted: Tuesday, January 19, 2010 4:21 PM by Dennis Balthazor | 0 Comments
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Tax credit of up to $8,000 is extended for qualified first-time home buyers purchasing a principal residence.
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 Read More...
Posted: Tuesday, January 19, 2010 4:12 PM by Dennis Balthazor | 0 Comments
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GREAT NEWS! FHA Relaxes Property Flip Regulation For One Year
The FHA relaxed the property flip regulations. This waiver is effective for all sales contracts dated on or after February 1, 2010 and will end on January 31, 2011 . Certain property may be resold and financed using FHA insured financing without waiting Read More...
Posted: Tuesday, January 19, 2010 4:06 PM by Dennis Balthazor | 0 Comments
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