A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. Who Can Buy a HUD Home? Almost anyone! If you have the cash or…
Here is our weekly list of The Stephanie Woods Team top 5 favorite listings of this week, these are great deals to view and grab quickly before they are gone! All of these properties have had a price reduction and are listed at great savings! · 26355 N Heeler Lane Paulden, AZ 86334 MLS#972637 –…
Here at The Stephanie Woods Team, we believe information is key! Today is all about the bathroom!! In remodeling a bathroom, it is critically important to think about what works for you, as well as what potential buyers might want. Bathroom remodels usually have a high return on investment and are generally considered one of…
Have you ever felt the need for “wide open spaces”? Well, if the answer is yes, then Prescott might be exactly the wide open space you are looking for. Currently the Stephanie Woods Team has a beautiful parcel of land with panoramic views of Granite Mountain in the Williamson Valley Corridor. Three acres of build…
Granville in Prescott Valley is offering a $5K buyer discount on new model homes. This discount can be used for closing costs or towards home options on your new model home. Offer expires soon so call us today for details. The Stephanie Woods Team 928-237-4449.
There are more and more options available out there for homeowners who are underwater. Fannie Mae and Freddie Mac are creating new programs to assist you – even if your payments are current. Short Sale time frames are getting shorter, allowing buyers to remain under contract instead of giving up when purchasing takes too long….
Always remember that the future comes one day at a time. As part of the Servicing Alignment Initiative, on August 21, the FHFA issued a press release entitled FHFA Announces New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac.To view the Freddie Mac Bulletin, please click here. To view the Fannie Mae Announcement…
by Jann Swanson GSEs to Allow Short Sales for Borrowers Who Are Current on Mortgage Aug 21 2012, 3:18PM The Federal Housing Finance Agency (FHFA) announced today that Freddie Mac and Fannie Mae (the GSEs) are revising their short sale guidelines and delegating authority to their mortgage servicers to approve short sales as of November…
Expiring debt relief could impact short-sale market By Christina Sampson August 15, 2012 – 5:59 am Share on email Share on tweet The potential expiration of the Mortgage Fairness Debt Relief Act on Dec. 31 may not be as ominous for some Arizonan homeowners as it is for much of the rest of the country….
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