4 beds, 2.00 baths
Home size: 1,941 sq ft
Lot Size: 43,386 sq ft
Added: 02/01/12, Last Updated: 02/01/12
Property Type: Single Family – Detached, Residential
MLS Number: 4685446
Tract: Metes And Bounds

BACK ON MARKET, BUYER WALKED / GREAT SHORT SALE OPPORTUNITY / UNIQUE 1.2 ACRE PROPERTY / 4 BEDROOMS / 2 BATHROOMS / ARIZ ROOM W/ A/C / FIREPLACE / VAULTED CEILINGS / OPEN FLOOR PLAN / NEW WATER HEATER / A/C 4 YRS OLD / GREAT OPPORTUNITY FOR INVESTOR AS OWNER WOULD LIKE TO STAY AND RENT / IF NOT, GREAT HOME FOR FAMILY /

Listed with The Gallow Group

4 beds, 2.00 baths
Home size: 1,928 sq ft
Lot Size: 5,663 sq ft
Added: 01/12/12, Last Updated: 01/12/12
Property Type: Single Family – Detached, Residential
MLS Number: 4680354
Tract: San Tan Heights
The price of this listing was last increased on 1/12/2012 by 1%

Buyer Fell Through. Bank Approval at this price. This is a short sale. One Loan only. Clean 4 bedroom ready to call home.

Listed with Daniel D. Smith & Associates, LLC

NEWEST AND THE LAST HOUSE BUILT IN SOLERA 2008. GENTLY LIVED IN 2ND HOME, STAINLESS STEEL APPLIANCES,UPGRADED WINDOW COVERINGS AND LANDCAPING. EPOXY FLOORING IN GARAGE. TRADITIONAL SALE! QUICK CLOSE!

Listed with West USA Realty

Apx Lot Size Range: 1 – 7,500

Exterior Stories: 2

# of Interior Levels: 2

Dwelling Type: Single Family – Detached

Ele Sch Dist: 003 – Tempe School DistrictElementary School: Sunset Canyon

Builder Name: unknown

Hun Block: 900 S

Map Code/Grid: R37

Bldg Number:

High School Dist #: 213 – Tempe Union High School District

Val Vista Lakes home in lovely lake subdivision with all the comforts you want to enjoy. Close to freeway access, shopping, grocery stores, medical facilities, pre-schools, schools and more! This gorgeous 4 bedroom 2 bath home backs to a greenbelt and its backyard is its own private sanctuary with built in bbq, playpool, lemon, orange and grapefruit trees! Inside has all tile and pergo flooring, shutters, intercom, corian counters – the list goes on and the photos don’t do it justice.

EQUAL HOUSING OPPORTUNITY

3 beds, 2.00 baths
Home size: 2,152 sq ft
Lot Size: 5,227 sq ft
Added: , Last Updated: 07/01/11
Property Type: Single Family – Detached, Residential
MLS Number: 4606632

This home backs to green belt. Home has both a family room and large loft. Home has new interior paint and carpet June 2011. THIS IS A FANNIE MAE HOMEPATH PROPERTY” PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% DOWN”. THIS PROPERTY IS APPROVED FOR HOMEPATH MORTGAGE FINANCING.”THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING” Close by October 31, 2011 and receive up to 3.5% in closing costs assistance! See docs Section for additional info. Eligibility restrictions apply.

Listed with RE/MAX Power Realty

In the not-so-distant past, that’s practically all it took to qualify for a mortgage. Now an exhaustive array of paperwork awaits potential borrowers.

Preparation Is Key

Call it the new mortgage reality.  Lenders that got burned when the housing market collapsed are taking extra steps to protect themselves and are requiring more financial documents than ever.
But these tougher requirements don’t mean getting a mortgage has to be too stressful, as long as you’re prepared.

Five Ways To Prepare For A Mortgage Loan

Here are five ways to cut down on the hassles and help you anticipate the records you may need:

1. Start by requesting your free credit report.

You won’t receive a copy of your credit score, but it’s important to review a report from the three credit reporting agencies: Experian, TransUnion and Equifax. Make sure the information on each is correct.

If you have any late payments or recent inquiries on your report, prepare to explain the circumstances to a lender in writing. You’ll have to settle any open collections, tax liens or judgments before you close the mortgage.

“There is such a thing as not enough credit,” says John Stearns, a broker at American Fidelity Mortgage in Wisconsin. He says some borrowers only have one credit card and no other credit accounts such as car loans, cell phone bills or student loans. Ideally, lenders like to see borrowers manage at least three accounts to show they can handle credit responsibly.

2. Organize all your financial documents.

Lenders will ask for at least two months’ worth of pay stubs and bank statements. Pull out 2009 and 2010 federal tax returns, W-2’s and 401(k) statements.
If you receive alimony or child support, request up-to-date records from the court, which can take up to 90 days.

Make sure your name, address and account numbers are correct on all statements. If you recently changed your name because of marriage or divorce, make sure the update is reflected on all financial documents and that they match your identification cards. The same guidelines apply for your address if you recently moved.

3. Keep your finances simple for at least two months.

“Don’t do anything funny with your money, or it could cost you,” says Pava Leyrer, president of Heritage National Mortgage in Michigan.
That means don’t make any out-of-the-ordinary deposits into your checking account, whether it’s gift money, cash from selling a car or payments from giving piano lessons. If you do, make sure to have receipts and copies of checks to give to the lender to show the source of the funds.

One of Leyrer’s recent borrowers had to write a letter to a lender explaining that a $55 bank deposit was birthday money from grandma. Another had to prove that paintings she sold at a yard sale would sell for a similar amount on eBay or Craigslist.

Another pitfall: paying off a large debt ahead of applying for a mortgage.

A lender will want to know where that big sum of money came from. Lastly, don’t overdraw your checking account for at least two months. Even if you have overdraft protection, the lender will think you have cash flow problems.

4. Document your down payment.

That means if you received a large amount from an inheritance, request the documents from the estate trustee to prove you rightfully were given the money. A down payment that taps money from a money market fund or other account requires a statement showing the transfer into your checking account. A 401(k) loan also must be documented.

If you receive all or part of the down payment as a gift from a relative, you’ll be asked to produce a letter that outlines your relationship to the gift giver, the address of the property, the amount of the gift, where the giver got the funds, and a statement that the gift is not a loan.

A good rule of thumb: Any money going toward the down payment should be in your account at least two weeks before closing, including paychecks and bonuses.

5. Show a stable work history for the past two years.

Coming out of a recession, many borrowers might need to explain any employment gaps in writing. Also, those who took temp jobs or switched careers to deal with the hard times may have to field questions from the lender and may want to wait an additional year to apply.

Another red flag for lenders: a wage cut or a change in compensation from, say a salaried position to one where you earn commissions.

Please do not hesitate to contact me with any of your loan questions or if you are looking to shop for a mortgage loan.

Christopher Wyatt

Mortgage Consultant | RBC Bank (USA) | T. 407-244-6002 | F. 775-429-7554

C. 407-739-2265

4 beds, 2.00 baths
Home size: 2,413 sq ft
Lot Size: 10,019 sq ft
Added: , Last Updated: 02/11/11
Property Type: Single Family – Detached, Residential
MLS Number: 4536602
Tract: Castlegate

Listed with Keller Williams Lifestyle Rlty

4 beds, 2 full baths
Home size: 1,789 sq ft
Lot Size: 4,792 sq ft
Added: , Last Updated: 01/23/11
Property Type: Single Family – Detached, Residential
MLS Number: 4525715
Tract: Johnson Ranch

Listed with San Tan Realty