FHA to lift 90 Day Seasoning: Effective Feb. 1, 2010

The present regulation [Regulation 24CFR 203.37a(b)(2)] that applies until February 1, 2010 states that a mortgage for a property will not be eligible for FHA insurance if the contract of the sale for the purchase of the property is executed within 90 days of the prior acquisition by the seller. In simple terms, flipped properties cannot be purchased with an FHA loan for the first 90 days. The waiver (planned for 1 year) allows for a lift in the 90 Day seasoning requirement thus opening up a broader market for home buyers.
The waiver will take effect on February 1st, 2010 but is limited to those sales meeting the conditions listed below.

Condition 1:

All transactions must be arms length with no identity of interest between the buyer and seller or other parties participating in the sales transaction.
Underwriters will be looking for the following:

1. Seller holds title to the property

2. LLC's, corporations, or trusts serving as sellers are operating in accordance with applicable state and federal law.

3. No pattern of previous flipping activity (multiple transfers) within the last 12 months.
4. The property was marketed openly and fairly, via MLS, auction, FSBO, or developer marketing

5. Any contracts with an "assignment clause" may be red flagged.

Condition 2:

Sales price of the property is 20 percent or more over and above the sellers acquisition cost, the waiver will only apply if the lender:
1. Justifies the increase in value by retaining the loan file supporting documentation and or a second appraisal wich verifies that the seller has completed sufficient legitimate renovations and repairs.
2. Orders a property inspection and provides the inspection report to the purchaser before closing. The lender can charge the buyer for the inspection. No other party can pay for the inspection besides the lender.

Keller Williams Integrity First - highest Real Estate sales volume office in Mesa!

New Gilbert Arizona Bank Owned Home!

This Gilbert Arizona Bank owned Home is located at Val Vista & Guadalupe & has no Home owners Asscociation. Offering 4 bedrooms and 3 baths. Great Gilbert Arizona location. Easy freeway access & awesome Gilbert Unified School District! Tradition and Excellence since 1918 are the hallmarks of Gilbert High School. Home of the Tigers. This outstanding educational institution has been awarded “Excelling” status for 7 consecutive years and is one of the premier high schools in Arizona. The institution is proud of the 89 years of continuous accreditation issued by the North Central Association of colleges and schools. In its 93 years of service to the Gilbert community, the school has been recognized for its exemplary educational programs, competitive athletic programs, superior performing arts instruction, and its cutting-edge Career and Technical Education curriculum. Elite colleges and universities in the state and throughout the nation recruit our graduates. The faculty, staff, and administration are dedicated to providing students with a rigorous, relevant, and enriching educational experience in preparation for life beyond high school. The positive interaction of the dynamic and diverse student body creates a learning atmosphere that embraces the contributions of all young people.

Call us today for an opportunity to look at the great Gilbert Arizona Bank Owned Home! 480-889-1424

Number of Sale in the Valley for the Last 36 Months

2010 Census to Begin

WARNING: 2010 Census Cautions from the Better Business Bureau Be Cautious About Giving Info to Census Workers by Susan Johnson.

With the U.S. Census process beginning, the Better Business Bureau (BBB) advises people to be cooperative, but cautious, so as not to become a victim of fraud or identity theft.

The first phase of the 2010 U.S. Census is under way as workers have begun verifying the addresses of households across the country. Eventually, more than 140,000 U.S. Census workers will count every person in the United States and will gather
information about every person living at each address including name, age, gender, race, and other relevant data.

The big question is - how do you tell the difference between a U.S. Census worker and a con artist?
The BBB offers the following advice:

** If a U.S. Census worker knocks on your door, they will have a badge, a handheld device, a Census Bureau canvas bag, and a confidentiality notice.. Ask to see their identification and their badge before
answering their questions. However, you should never invite anyone you don't know into your home.

** Census workers are currently only knocking on doors to verify address information. Do not give your Social Security number, credit card or banking information to anyone, even if they claim they need it for the U.S. Census. REMEMBER, NO MATTER WHAT THEY ASK, YOU REALLY ONLY NEED TO TELL THEM HOW MANY PEOPLE LIVE AT YOUR ADDRESS.

While the Census Bureau might ask for basic
financial information, such as a salary range, YOU DON'T HAVE TO ANSWER ANYTHING AT ALL ABOUT YOUR FINANCIAL SITUATION. The Census Bureau will not ask for Social Security, bank account, or credit card numbers, nor will employees solicit donations. Any one asking for that information is NOT with the Census
Bureau.

AND REMEMBER, THE CENSUS BUREAU HAS DECIDED NOT TO WORK WITH ACORN ON GATHERING THIS INFORMATION. No Acorn worker should approach you saying he/she is with the Census Bureau.

Eventually, Census workers may contact you by telephone, mail, or in person at home. However, the
Census Bureau will not contact you by email, so be on the lookout for email scams impersonating the Census.

Never click on a link or open any attachments in an email that are supposedly from the U.S. Census
Bureau. For more advice on avoiding identity theft and fraud, visit www.bbb.org
PLEASE SHARE THIS INFO WITH FAMILY AND
FRIENDS.

Added note: If you receive an email claiming to be from the IRS, do not open. IRS does not send emails to taxpayers.

Chandler-New Bank Owned listing...Open House Saturday, Jan 9th & Sunday, Jan. 10th from 11am to 2pm!

Great opportunity for investor or first time home buyer. This one has new two tone paint, tile and wood floors throughout, upgraded baseboards, comfortable floor plan with a separate family and living room, custom tiled master shower, large yard, fenced play pool with in ground cleaning system, large covered patio, and new brand new high performance vinyl framed low-e glass.

2010 BootCamp- Get In Shape!

BootCamp for Women & Men

January 4th to January 30th


3 Times a Week:
You choose the days and times that work best for you!
9:00am - 10:00am - Monday, Wednesday, Friday & Saturday
6:00pm - 7:00pm - Monday, Wednesday & Thursday
Weekly Weigh-In, Monthly Body Fat Testing & Measurements

4 Week Program $150

Custom Meal Plan - $40 one time fee - *optional

Re-evaluated each month


*Refer a friend and receive 2 FREE one-on-one personal training sessions.

Location - The Trails neighborhood park

Off Queen Creek between Cooper and Gilbert Rd. - Turn south onto Wilson and you will see the park

*Bring your own mat

Future Bootcamp Dates:


February 1st - 27th

March 1st - 27th

March 29th - April 24th

April 26th - May 22nd



Felicia Romero

AZ Pro Physiques

felrome480@aol.com

azprophysiques@yahoo.com

Cell (480) 363-1723

How Will You Design Your Life in 2010? Set Your Goals Now!

How Will You Design Your Life in 2010?
The sky is the limit on what anyone wants to do today. Many will make a decision, figure out how to go after it and achieve their goal. Others might wait until the end of this year to make new decisions and try them out. What will you choose?

We hope that you will find brighten your spirits and get you started on that new path right away. We also hope that you will interact with us and give us more ideas of what you want to know.

Question to ponder: What one activity would you do if you had all the time and money in the world to do it?

Thoughts for the New Year:

Be Prepared to Learn New Things
Whether you learn from books or you learn for life stay open to learning more things in 2009. This will create new possibilities that may be interesting. If you come to something that may seem a little out of your comfort zone, try it anyway. It may be a life changing experience or it may be something fun that you have never had the courage to try in the past.

Network with Others for More Ideas

Maybe you haven't quite decided what it is that you want to do next so talking to other people might give you clues. Talk to people about what they are doing in the New Year to see if you can find something to stimulate your thinking. Networking is not only good for your business but it is good for your personal life too. You never know when a conversation with someone will stimulate your interest in one area or another.

10422 E Jan Ave, Mesa, AZ | Powered by Postlets

10422 E Jan Ave, Mesa, AZ Powered by Postlets

Free Christmas Tree Recycling Greater Phoenix Area

Harvest for Humanity Foundation Announces 1st Annual Christmas Tree Recycling Program; Tree Drop-off Set for January 2, 2010 in Tempe


Phoenix, AZ – Harvest for Humanity Foundation, a non-profit foundation that farms vacant lots using natural/sustainable practices with community volunteers and donates the produce to the local Food Banks and shelters to help stop hunger, is announcing their 1st Annual Christmas Tree Recycling Program on Saturday, Jan. 2, 2010.

Residents all across the metro Phoenix area can drop off trees at 1006 E. Guadalupe Road,Tempe, Arizona, 85283 and recycle them for FREE on this date. Drop-off time is from 9 a.m. – 4 p.m.

The Christmas trees will be chipped on site by the donated services of Agave Environmental Contracting, Inc., and used in the mulching and composting program on site that assist in making this a more sustainable growing site that not only helps feed the hungry, but also helps giving back to the land.

“We encourage all those who celebrate the holidays with a live Christmas tree to participate in our recycling program,” said Denise Phillips, President and Executive Director of the Harvest for Humanity Foundation. “By recycling their trees, residents help give holiday trees a second life as compost or mulch.”

Harvest grows fresh fruits and vegetables which are distributed through food banks, prepared food service organizations, community centers, other non-profit organizations, and to numerous handicapped citizens (many of whom are children and elderly shut-ins) of Arizona.

To date, Harvest for Humanity has donated over 1,000,000 pounds of fruits and vegetables to local food banks, soup kitchens and care providers. Through community volunteer efforts more than 400,000 people are fed each year and more than 1,000,000 meals have been prepared using Harvest for Humanity’s produce.

For further information on any of Harvest’s growing programs, please contact Denise Phillips at 480-553-8744.