Orange Tree
The #1 Agent
March | April 2013
FOR ORANGE TREE EQUESTRIAN MANOR WITH OVER 55 TRANSACTIONS!
&
• Phoenix Business Journal ranks Kelly #11 in The Phoenix Business Journal Book of Lists out of more than 20,000 Real Estate Agents. • Graduate of Arizona State University 1983
Kelly McLain Realtor
602.625.4653
mclainjk@aol.com www.kellymclain.com
REAL ESTATE ACTIVITY IN
Orange Tree
Orange Tree continues to see record low inventory as spring 2013 is here. The summer selling season is just 3 short months away, and I am hopeful we will have some additional homes come on the market. Our relocation department at Prudential has
Principal Reduction Program Yes, it is true! A Principal Reduction Program has been approved and we are currently ONE OF THE ONLY LENDERS IN ARIZONA APPROVED ON THIS PROGRAM. There are some requirements. The loan must first be eligible for HARP (Home Affordable Refinance Program). HARP Eligibility Checklist: 1. You must be able to make your mortgage payments moving forward. 2. It doesn’t matter what you owe or how upside-down you are. 3. You must have a fair credit score. 4. Subject property can be your owner occupied residence OR a rental property. 5. Property can be a 1-4 unit property. 6. Your loan must be owned by Fannie Mae or Freddie Mac. Once you establish that you have HARP eligibility, there are some additional requirements to meet with Maricopa County. Maricopa County received Principal Reduction Funds through the Hardest Hit Fund Act. There is up to $150,000 for each qualified homeowner to be applied to the principal balance of a loan. This is positive news for many Arizona residents! Call or email me today to find out if you meet the requirements to reduce your mortgage principal.
seen quite a spike in activity, and they forecast many professionals will be transferred to our area in 2013. In fact, it’s the largest increase we have seen since 2005. Working with transfers through our company is extremely efficient, these buyers have already SOLD their homes, and they are anxious to buy when they arrive in Scottsdale. The foreclosure mess we’ve seen over the past several years seems to be cleaning itself up. Arizona is now ranked 40th in non-current loan rates and 34th in percentage of homes in foreclosure. Over the last month we fell below Iowa, Oregon and Utah. The only 10 states with lower delinquency rates than Arizona are: North Virginia and Idaho. The highest delinquency can be found in Florida with 19.7%. The number of single family homes, condos, and townhomes purchased by buyers with a Canadian mailing address dropped 19% between 2011 and 2012. The fall was higher for Canadian owner-occupiers (24%) and lower for Canadian landlords (12%). Californians increased their purchases by 5% between 2011 and 2012. Overall, the number of homes purchased by people outside Arizona between 2011-12 dropped by 9%, so Californians were bucking the overall trend with an increase in Arizona property purchases. I hope you find this information helpful! Please keep my number handy if you or your
WJ BRADLEY MORTGAGE CAPITAL
friends, family members or co-workers are looking to sell or buy real estate.
Mike Tompkins,Mortgage Lender
NMLS #217645 9237 E. Via De Ventura #100 Scottsdale, AZ 85258
480.421.1151 Direct Office
ADDRESS SQ. FT. / BED / BATH
DAYS ON MARKET
PRICE PER SQ. FT.
LIST PRICE
5477 E Lupine Ave 5817 E Leith Ln
3,391 / 4 / 3 3,932 / 5 / 4
318 258
$188.73 $218.69
$640,000 $859,900
4,201 / 5 / 3.5
111
$190.19
$799,000
currently for sale
mike@wjbonline.com www.wjbonline.com
(c) 2011 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government. AZ License # BK-0903998. NMLS consumer access: www.nmlsconsumeraccess.
sale pending 6032 E Shangri La Rd
ADDRESS SQ. FT. / BED / BATH DAYS ON PRICE PER COE MARKET SQ. FT.
recently sold 5702 E Shea Blvd
2,641 / 3 / 2
261
SOLD PRICE
$149.56 2/8/2013 $395,000
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
Tax Assessor Overvalued Your Property? Take Quick Action on an Appeal
Fresh & Light for Spring BLT Steak’s Tuna Tartare
Orange Tree
Real Estate Report
All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS. If your home is currently listed, this is not a solicitation for that listing.
Why We Love it Here!
Dakota, Alaska, South Dakota, Wyoming, Montana, Colorado, Minnesota, Nebraska,
ISSN-1939-9588
In Good Taste
Event Calendar
Featuring BLT Steak at the JW Marriott Camelback Inn Scottsdale Resort & Spa 480.905.7979
MARCH | APRIL 2013 La Cage Aux Folles Phoenix Theatre, March 13th – April 7th 602.254.2151 | PhoenixTheatre.com Some call it “The Birdcage,” others say it’s “A Menagerie of Crazies.” We call it worth the wait! La Cage is a tuneful and touching tale of one family’s struggle to stay together, stay fabulous and above all else, stay true to themselves! With a glorious score of hummable melodies, written by Jerry Herman of Hello Dolly, Mame and Mack & Mabel fame, La Cage is an indisputable musical comedy classic.
TUNA TARTARE WITH AVOCADO AND SOY-LIME DRESSING 18 ounces fresh tuna, trimmed and cut into 1/8-inch dice 6 tablespoons extra virgin olive oil 2 ripe Haas avocadoes, peeled and diced Toasted sliced ciabatta bread Crispy Shallots: Peanut oil for frying 3 tablespoons finely chopped shallots 2 tablespoons Wondra flour Fine sea salt Fry the Shallots: Pour the oil into a small saucepan to a depth of about 1 inch. Heat the oil until a small piece of shallot sizzles rapidly when added to the pan. Toss the shallots with the flour. Carefully add the shallots to the oil and fry until golden brown, 30 to 60 seconds. Remove the shallots with a slotted spoon and drain on paper towels. Season with a pinch of salt. Dressing: 1-1/2 teaspoons wasabi powder 3 tablespoons reduced sodium (light) soy sauce 2 tablespoons white mirin 1 tablespoon mustard oil 1 tablespoon rice wine vinegar 1 teaspoon lime juice 1 teaspoon honey Freshly ground black pepper Make the Dressing: In a medium bowl, stir together the wasabi powder and 1 tablespoon water to make a smooth paste. Whisk in the soy sauce, mirin, mustard oil, vinegar, lime juice and honey. Add black pepper to taste. Set aside. Make the Tartare: Toss the tuna with the olive oil, salt and pepper to taste. Season the avocadoes with salt and pepper to taste. To Serve: To mold the tuna into a disk, place a 3-inch tartlet ring or an empty tuna can with the top and bottom lids cut out on a chilled plate. Fill the ring with a layer of avocado and top with the diced tuna and fried shallots. Lift off the ring. Drizzle the sauce around the tuna. Serve with the ciabatta or homemade potato chips. Serves 6
Arizona. It’s a land brimming with treasures, both natural and man-made. It is a magical place, one of unending grandeur in which its beauties and mysteries continue to unfold for those exploring all of its offerings. Arizona’s great appeal is found in its stunning landscapes, its pleasant climate, a history rich with diverse cultures and a new modern influence able to satisfy the most sophisticated of personalities.
Natural Wonders
The land that is Arizona has been the topic of poets, scholars, photographers and others simply awe-inspired by its majesty. From the jaw-dropping Grand Canyon to the stunning red rocks of Sedona, the gorgeous sights of Arizona are beloved by residents and travelers from all parts of our globe. Perhaps the greatest charm of the Arizona landscape lies in its seemingly infinite diversity. In less than a day’s travel, one can experience the sheer beauty of the Sonoran Desert’s surprising lushness as well as snow-covered pine trees blanketing mountain ridges. Famous destinations such as the Painted Desert, Monument Valley and Karchner Caverns give way to the equally stunning, albeit lesser known, treasures of winding canyon lands, vast plateaus, ancient volcanoes and saguaro-studded expanses of desert.
Fantastic Climate
In a haven that boasts a plentitude of sunshine, many can not resist the allure of such a lovely place to spend their lives. Arizona’s exceptionally clear skies lend themselves to dark, starry nights and magical, azure-blue days. Even the desert’s abundant dust contributes to Arizona’s famous sunsets as the descending sunlight reflects off of these minute particles in the air. Skies painted with blazing reds and oranges, and gorgeous purples and pinks are a nightly gift. Arizona’s low humidity allows even hot, desert air to cool significantly at night giving us pleasant temperatures in any season. With luxurious sunshine prevailing in each of the four seasons, Arizona is known as one of the most delightful places on earth.
In late February, the Maricopa County Assessor’s office will have mailed Notices of Value establishing the value of your property for tax year 2014. These values, in conjunction with the tax rates (established at a later date) will dictate the amount of property taxes you pay for the 2014 tax year. If your Full Cash Value is higher than your property’s market value, you can challenge the Assessor’s valuation. With the recent passage of Proposition 117, now is the perfect time to make sure that the values set by the Assessor accurately reflect the market value of your property. Proposition 117 will alter the way the Maricopa County Assessor determines your property’s assessed value. Beginning in tax year 2015, your Limited Property Value (“LPV”) will determine both your primary and secondary taxes. As a result of Proposition 117, a property’s LPV can increase by no more than 5% per year. Because the Full Cash Value will serve as a cap on how high your Limited Property Value can be, it is important that your assessment be reviewed THIS YEAR to grandfather in the lowest base starting value for next year when Proposition 117 takes effect.
Rich History
A place is molded by the people who have lived there. The cultures that have put their mark on Arizona have shaped it into what it is today. Arizona’s appealing character is a combination of Native American, Spanish and Mexican influences. As early American settlers migrated to Arizona in search of new opportunities and adventures, visions of frontier families, cowboys and gunfights pepper the images of our heritage. Because of this vivid and varied history, Arizona offers world-class museums and archeologically-important discoveries.
Modern Culture
From the humble beginnings of an outback Western Territory, the metropolises of Arizona have grown into their own. Vibrant cities are bursting with stylish nightspots and luxurious resorts. World-class golf, spas and shopping are just steps away from restaurants offering cuisine for every palate. Dynamic performing arts and thought-provoking visual arts are at our daily disposal. Life in Arizona is as serene or as fast-paced as an individual desires. Life in Arizona, for many, is a dream come true!
10 Tips To Challenge The Assessor’s Valuation: 1. Review your Notice of Value, which the Assessor will have mailed in February. Ask yourself, “Would I sell my home for the full cash value determined by the Assessor?” If your answer is “no,” then you probably should not appeal. Conversely, if you believe your assessed value is higher than the market value of your home, then you should consider filing an appeal.
A Step-By-Step Guide
TO APPEAL YOUR PROPERTY TAXES
2. File your appeal within 60 days of the mailing date on your Notice of Value. 3. Appeal forms (also known as “Petitions for Review”) are available at the Assessor’s Office or online at: www.maricopa.gov/assessor/ PropertyValueAppeals.aspx.
4. Attach to your petition “substantial information” that supports a reduction in the Full Cash Value of your property. This could include a recent appraisal, documented sales of similar properties, information regarding the physical condition of your property, a location problem or adverse terrain features. Call your neighborhood Realtor for help with comparable sales data.
5. Mark the box on the form requesting a meeting with the Assessor. At the meeting, you will find out why the Assessor believes your property is or is not overvalued. 6. If you do not achieve a reduction at the Assessor level, you can further appeal the value of your property to the State Board of Equalization. 7. File your appeal to the State Board within 25 days of the mailing date of the Assessor’s decision. 8. For information on appealing to the State Board, visit www.sboe.state.az.us. 9. Finally, if you do not achieve a reduction at the State Board level, you may appeal to Tax Court. Information on how to file your own small claims tax appeal can be found at: www.superiorcourt.maricopa.gov/SuperiorCourt/ TaxCourt/casePrep.asp. 10. File your appeal to Tax Court within 60 days of the mailing date of the State Board’s decision. Information presented with the assistance of Attorneys at Law, Jennifer A. Prendiville and Bart Wilhoit of Mooney, Wright & Moore, PLLC. While they do not typically handle residential appeals, do contact them if you have a commercial or industrial property, or vacant land that you would like to appeal. AZStateTaxLaw.com
Agave on the Rocks Desert Botanical Garden, March 22nd 480.481.8188 | DBG.org Celebrate the essence of the margarita and the spirit of the Southwest at the 11th Annual Agave on the Rocks at the Desert Botanical Garden. Savor an evening of gourmet eats prepared by the Valley’s best restaurants and caterers and samba under the stars to vibrant Latin rhythms. Aspen Santa Fe Ballet Scottsdale Center for the Performing Arts, March 22nd – 23rd 480.499.8587 | AspenSantaFeBallet.com Aspen Santa Fe Ballet’s bold vision – top global choreographers, distinctive groundbreaking works, and virtuoso dancers – has fostered a jewel of a dance company in the American West and beyond. ASFB’s unique pioneering spirit arises from a paired set of home cities: Aspen, nestled high in the Rocky Mountains, and Santa Fe, gracing the majestic Southwestern plateau. For 16 years, the company has served as a prestigious incubator and a showcase for choreographic invention to popular and critical acclaim. 6th Annual Dine With Your Dog PERA Club Tempe, April 13th 602.933.2663 | DineWithYourDog.org Woof, Wine and Dine! Don’t miss this “fur-filled” fundraiser. The evening includes a gourmet dinner with wine, a gourmet canine dinner for your pooch, a fashion show highlighting the latest trends in Canine Couture, raffle, vendors, doggie activities and more. Benefiting the PetSmart Paws Can Heal animal-assisted therapy program, this magical evening will help many in need, including Phoenix Children’s Hospital patients. Monterey Jazz Festival 55th Anniversary Celebration Mesa Arts Center, April 26th 480.644.6500 | MesaArtsCenter.com Monterey is the longest consecutively running jazz festival in the world. Celebrate the Festival’s legacy expanding the boundaries of live jazz presentation, an All-Star Jazz Collaboration. This 55th Anniversary Tour reflects Monterey’s “traditional-untraditionalist” attitude, jazz-with-a-purpose exuberance, and joyful fun that continues to be the hallmark of the Festival to this day.
In Good Taste
Event Calendar
Featuring BLT Steak at the JW Marriott Camelback Inn Scottsdale Resort & Spa 480.905.7979
MARCH | APRIL 2013 La Cage Aux Folles Phoenix Theatre, March 13th – April 7th 602.254.2151 | PhoenixTheatre.com Some call it “The Birdcage,” others say it’s “A Menagerie of Crazies.” We call it worth the wait! La Cage is a tuneful and touching tale of one family’s struggle to stay together, stay fabulous and above all else, stay true to themselves! With a glorious score of hummable melodies, written by Jerry Herman of Hello Dolly, Mame and Mack & Mabel fame, La Cage is an indisputable musical comedy classic.
TUNA TARTARE WITH AVOCADO AND SOY-LIME DRESSING 18 ounces fresh tuna, trimmed and cut into 1/8-inch dice 6 tablespoons extra virgin olive oil 2 ripe Haas avocadoes, peeled and diced Toasted sliced ciabatta bread Crispy Shallots: Peanut oil for frying 3 tablespoons finely chopped shallots 2 tablespoons Wondra flour Fine sea salt Fry the Shallots: Pour the oil into a small saucepan to a depth of about 1 inch. Heat the oil until a small piece of shallot sizzles rapidly when added to the pan. Toss the shallots with the flour. Carefully add the shallots to the oil and fry until golden brown, 30 to 60 seconds. Remove the shallots with a slotted spoon and drain on paper towels. Season with a pinch of salt. Dressing: 1-1/2 teaspoons wasabi powder 3 tablespoons reduced sodium (light) soy sauce 2 tablespoons white mirin 1 tablespoon mustard oil 1 tablespoon rice wine vinegar 1 teaspoon lime juice 1 teaspoon honey Freshly ground black pepper Make the Dressing: In a medium bowl, stir together the wasabi powder and 1 tablespoon water to make a smooth paste. Whisk in the soy sauce, mirin, mustard oil, vinegar, lime juice and honey. Add black pepper to taste. Set aside. Make the Tartare: Toss the tuna with the olive oil, salt and pepper to taste. Season the avocadoes with salt and pepper to taste. To Serve: To mold the tuna into a disk, place a 3-inch tartlet ring or an empty tuna can with the top and bottom lids cut out on a chilled plate. Fill the ring with a layer of avocado and top with the diced tuna and fried shallots. Lift off the ring. Drizzle the sauce around the tuna. Serve with the ciabatta or homemade potato chips. Serves 6
Arizona. It’s a land brimming with treasures, both natural and man-made. It is a magical place, one of unending grandeur in which its beauties and mysteries continue to unfold for those exploring all of its offerings. Arizona’s great appeal is found in its stunning landscapes, its pleasant climate, a history rich with diverse cultures and a new modern influence able to satisfy the most sophisticated of personalities.
Natural Wonders
The land that is Arizona has been the topic of poets, scholars, photographers and others simply awe-inspired by its majesty. From the jaw-dropping Grand Canyon to the stunning red rocks of Sedona, the gorgeous sights of Arizona are beloved by residents and travelers from all parts of our globe. Perhaps the greatest charm of the Arizona landscape lies in its seemingly infinite diversity. In less than a day’s travel, one can experience the sheer beauty of the Sonoran Desert’s surprising lushness as well as snow-covered pine trees blanketing mountain ridges. Famous destinations such as the Painted Desert, Monument Valley and Karchner Caverns give way to the equally stunning, albeit lesser known, treasures of winding canyon lands, vast plateaus, ancient volcanoes and saguaro-studded expanses of desert.
Fantastic Climate
In a haven that boasts a plentitude of sunshine, many can not resist the allure of such a lovely place to spend their lives. Arizona’s exceptionally clear skies lend themselves to dark, starry nights and magical, azure-blue days. Even the desert’s abundant dust contributes to Arizona’s famous sunsets as the descending sunlight reflects off of these minute particles in the air. Skies painted with blazing reds and oranges, and gorgeous purples and pinks are a nightly gift. Arizona’s low humidity allows even hot, desert air to cool significantly at night giving us pleasant temperatures in any season. With luxurious sunshine prevailing in each of the four seasons, Arizona is known as one of the most delightful places on earth.
In late February, the Maricopa County Assessor’s office will have mailed Notices of Value establishing the value of your property for tax year 2014. These values, in conjunction with the tax rates (established at a later date) will dictate the amount of property taxes you pay for the 2014 tax year. If your Full Cash Value is higher than your property’s market value, you can challenge the Assessor’s valuation. With the recent passage of Proposition 117, now is the perfect time to make sure that the values set by the Assessor accurately reflect the market value of your property. Proposition 117 will alter the way the Maricopa County Assessor determines your property’s assessed value. Beginning in tax year 2015, your Limited Property Value (“LPV”) will determine both your primary and secondary taxes. As a result of Proposition 117, a property’s LPV can increase by no more than 5% per year. Because the Full Cash Value will serve as a cap on how high your Limited Property Value can be, it is important that your assessment be reviewed THIS YEAR to grandfather in the lowest base starting value for next year when Proposition 117 takes effect.
Rich History
A place is molded by the people who have lived there. The cultures that have put their mark on Arizona have shaped it into what it is today. Arizona’s appealing character is a combination of Native American, Spanish and Mexican influences. As early American settlers migrated to Arizona in search of new opportunities and adventures, visions of frontier families, cowboys and gunfights pepper the images of our heritage. Because of this vivid and varied history, Arizona offers world-class museums and archeologically-important discoveries.
Modern Culture
From the humble beginnings of an outback Western Territory, the metropolises of Arizona have grown into their own. Vibrant cities are bursting with stylish nightspots and luxurious resorts. World-class golf, spas and shopping are just steps away from restaurants offering cuisine for every palate. Dynamic performing arts and thought-provoking visual arts are at our daily disposal. Life in Arizona is as serene or as fast-paced as an individual desires. Life in Arizona, for many, is a dream come true!
10 Tips To Challenge The Assessor’s Valuation: 1. Review your Notice of Value, which the Assessor will have mailed in February. Ask yourself, “Would I sell my home for the full cash value determined by the Assessor?” If your answer is “no,” then you probably should not appeal. Conversely, if you believe your assessed value is higher than the market value of your home, then you should consider filing an appeal.
A Step-By-Step Guide
TO APPEAL YOUR PROPERTY TAXES
2. File your appeal within 60 days of the mailing date on your Notice of Value. 3. Appeal forms (also known as “Petitions for Review”) are available at the Assessor’s Office or online at: www.maricopa.gov/assessor/ PropertyValueAppeals.aspx.
4. Attach to your petition “substantial information” that supports a reduction in the Full Cash Value of your property. This could include a recent appraisal, documented sales of similar properties, information regarding the physical condition of your property, a location problem or adverse terrain features. Call your neighborhood Realtor for help with comparable sales data.
5. Mark the box on the form requesting a meeting with the Assessor. At the meeting, you will find out why the Assessor believes your property is or is not overvalued. 6. If you do not achieve a reduction at the Assessor level, you can further appeal the value of your property to the State Board of Equalization. 7. File your appeal to the State Board within 25 days of the mailing date of the Assessor’s decision. 8. For information on appealing to the State Board, visit www.sboe.state.az.us. 9. Finally, if you do not achieve a reduction at the State Board level, you may appeal to Tax Court. Information on how to file your own small claims tax appeal can be found at: www.superiorcourt.maricopa.gov/SuperiorCourt/ TaxCourt/casePrep.asp. 10. File your appeal to Tax Court within 60 days of the mailing date of the State Board’s decision. Information presented with the assistance of Attorneys at Law, Jennifer A. Prendiville and Bart Wilhoit of Mooney, Wright & Moore, PLLC. While they do not typically handle residential appeals, do contact them if you have a commercial or industrial property, or vacant land that you would like to appeal. AZStateTaxLaw.com
Agave on the Rocks Desert Botanical Garden, March 22nd 480.481.8188 | DBG.org Celebrate the essence of the margarita and the spirit of the Southwest at the 11th Annual Agave on the Rocks at the Desert Botanical Garden. Savor an evening of gourmet eats prepared by the Valley’s best restaurants and caterers and samba under the stars to vibrant Latin rhythms. Aspen Santa Fe Ballet Scottsdale Center for the Performing Arts, March 22nd – 23rd 480.499.8587 | AspenSantaFeBallet.com Aspen Santa Fe Ballet’s bold vision – top global choreographers, distinctive groundbreaking works, and virtuoso dancers – has fostered a jewel of a dance company in the American West and beyond. ASFB’s unique pioneering spirit arises from a paired set of home cities: Aspen, nestled high in the Rocky Mountains, and Santa Fe, gracing the majestic Southwestern plateau. For 16 years, the company has served as a prestigious incubator and a showcase for choreographic invention to popular and critical acclaim. 6th Annual Dine With Your Dog PERA Club Tempe, April 13th 602.933.2663 | DineWithYourDog.org Woof, Wine and Dine! Don’t miss this “fur-filled” fundraiser. The evening includes a gourmet dinner with wine, a gourmet canine dinner for your pooch, a fashion show highlighting the latest trends in Canine Couture, raffle, vendors, doggie activities and more. Benefiting the PetSmart Paws Can Heal animal-assisted therapy program, this magical evening will help many in need, including Phoenix Children’s Hospital patients. Monterey Jazz Festival 55th Anniversary Celebration Mesa Arts Center, April 26th 480.644.6500 | MesaArtsCenter.com Monterey is the longest consecutively running jazz festival in the world. Celebrate the Festival’s legacy expanding the boundaries of live jazz presentation, an All-Star Jazz Collaboration. This 55th Anniversary Tour reflects Monterey’s “traditional-untraditionalist” attitude, jazz-with-a-purpose exuberance, and joyful fun that continues to be the hallmark of the Festival to this day.
Orange Tree
The #1 Agent
March | April 2013
FOR ORANGE TREE EQUESTRIAN MANOR WITH OVER 55 TRANSACTIONS!
&
• Phoenix Business Journal ranks Kelly #11 in The Phoenix Business Journal Book of Lists out of more than 20,000 Real Estate Agents. • Graduate of Arizona State University 1983
Kelly McLain Realtor
602.625.4653
mclainjk@aol.com www.kellymclain.com
REAL ESTATE ACTIVITY IN
Orange Tree
Orange Tree continues to see record low inventory as spring 2013 is here. The summer selling season is just 3 short months away, and I am hopeful we will have some additional homes come on the market. Our relocation department at Prudential has
Principal Reduction Program Yes, it is true! A Principal Reduction Program has been approved and we are currently ONE OF THE ONLY LENDERS IN ARIZONA APPROVED ON THIS PROGRAM. There are some requirements. The loan must first be eligible for HARP (Home Affordable Refinance Program). HARP Eligibility Checklist: 1. You must be able to make your mortgage payments moving forward. 2. It doesn’t matter what you owe or how upside-down you are. 3. You must have a fair credit score. 4. Subject property can be your owner occupied residence OR a rental property. 5. Property can be a 1-4 unit property. 6. Your loan must be owned by Fannie Mae or Freddie Mac. Once you establish that you have HARP eligibility, there are some additional requirements to meet with Maricopa County. Maricopa County received Principal Reduction Funds through the Hardest Hit Fund Act. There is up to $150,000 for each qualified homeowner to be applied to the principal balance of a loan. This is positive news for many Arizona residents! Call or email me today to find out if you meet the requirements to reduce your mortgage principal.
seen quite a spike in activity, and they forecast many professionals will be transferred to our area in 2013. In fact, it’s the largest increase we have seen since 2005. Working with transfers through our company is extremely efficient, these buyers have already SOLD their homes, and they are anxious to buy when they arrive in Scottsdale. The foreclosure mess we’ve seen over the past several years seems to be cleaning itself up. Arizona is now ranked 40th in non-current loan rates and 34th in percentage of homes in foreclosure. Over the last month we fell below Iowa, Oregon and Utah. The only 10 states with lower delinquency rates than Arizona are: North Virginia and Idaho. The highest delinquency can be found in Florida with 19.7%. The number of single family homes, condos, and townhomes purchased by buyers with a Canadian mailing address dropped 19% between 2011 and 2012. The fall was higher for Canadian owner-occupiers (24%) and lower for Canadian landlords (12%). Californians increased their purchases by 5% between 2011 and 2012. Overall, the number of homes purchased by people outside Arizona between 2011-12 dropped by 9%, so Californians were bucking the overall trend with an increase in Arizona property purchases. I hope you find this information helpful! Please keep my number handy if you or your
WJ BRADLEY MORTGAGE CAPITAL
friends, family members or co-workers are looking to sell or buy real estate.
Mike Tompkins,Mortgage Lender
NMLS #217645 9237 E. Via De Ventura #100 Scottsdale, AZ 85258
480.421.1151 Direct Office
ADDRESS SQ. FT. / BED / BATH
DAYS ON MARKET
PRICE PER SQ. FT.
LIST PRICE
5477 E Lupine Ave 5817 E Leith Ln
3,391 / 4 / 3 3,932 / 5 / 4
318 258
$188.73 $218.69
$640,000 $859,900
4,201 / 5 / 3.5
111
$190.19
$799,000
currently for sale
mike@wjbonline.com www.wjbonline.com
(c) 2011 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government. AZ License # BK-0903998. NMLS consumer access: www.nmlsconsumeraccess.
sale pending 6032 E Shangri La Rd
ADDRESS SQ. FT. / BED / BATH DAYS ON PRICE PER COE MARKET SQ. FT.
recently sold 5702 E Shea Blvd
2,641 / 3 / 2
261
SOLD PRICE
$149.56 2/8/2013 $395,000
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
Tax Assessor Overvalued Your Property? Take Quick Action on an Appeal
Fresh & Light for Spring BLT Steak’s Tuna Tartare
Orange Tree
Real Estate Report
All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS. If your home is currently listed, this is not a solicitation for that listing.
Why We Love it Here!
Dakota, Alaska, South Dakota, Wyoming, Montana, Colorado, Minnesota, Nebraska,
ISSN-1939-9588