The Federal Housing Administration (FHA) is a United States government agency created in the 30′s to insure home loans. They charge an up front mortgage insurance premium to offset the costs associated with running the agency and to cover losses from loan defaults. For years the premium has been 1% of the loan amount but [...]Read more

Warren Buffet was asked again about his eventual successor as chief executive officer at Berkshire Hathaway. Although he provided no more information on the matter than he has in the past, he did discuss his top stock picks and said that the only investment opportunity that he currently liked better than stocks was housing. “It’s [...]Read more

The government has now released more details on their Home Affordable Refinance Program which is designed to allow more homeowners lower their monthly mortgage payments by taking advantage of low interest rates. The program is focused on helping homeowners that are current on their mortgage payments but are “upside down” owing more on their home [...]Read more

In an effort to curb costs the federal government is disposing of unneeded property including real estate. The President’s goal is to realize $3 billion in savings by October of 2012.

I looked over the site and saw some interesting items listed including a desert home in Ajo, Arizona that had a bid of $50, [...]Read more

If you own a home that is valued less than owed and you have stayed current with your payments then new program changes to the Home Affordable Refinance Program (HARP) may be of interest. Complete program details are not anticipated until November 15th, 2011 and operational availability with lenders until later in December. For now [...]Read more

By now you’ve seen the television commercials for P90X, right? Tony Horton and his sculpted comrades do endless pull-ups on the screen while you decide whether to order the DVD’s and change your physique or switch the channel and maintain status quo. Regardless of your fitness goals, if you plan on selling a personal residence [...]Read more

If you want to sell your home then avoid these mistakes. When homebuyers are faced with one of these problems, they will most likely cut their visit short and eliminate your home from their consideration.

 1. Odor – cigarette smoke and pet odor are sure ways to send buyers to the next house quickly. When [...]Read more

Phoenix News 15 reports that Phoenix rental vacancy rates have dropped to an average of 6.6 percent and that rents have appreciated 2.2 percent.  Many landlords are renting clean properties in a matter of days and sometimes carry a back log of interested renters.  This strong rental market in Phoenix has been created as foreclosed [...]Read more

Will I be taxed on the deficiency if I short sell my home?  This is the most common question asked of me by individuals contemplating the short sale of their home.  The correct answer is, “it depends”.  Reviewing the following information published by the IRS and consulting with a tax professional are important steps in [...]Read more

How much will my home in Phoenix rent for?  What should I look for when buying a Phoenix rental home?  And, where is the best place in Phoenix to buy a rental home?  As a Phoenix property manager these are the three most common questions asked of me by Phoenix rental home investors.  Hopefully the [...]Read more

Scottsdale, Arizona-based Go Daddy is hiring 350 employees.  Go Daddy’s president and chief operating officer said that 250 of the new full-time hires will be part of its metro Phoenix operations.  Nearly 70 percent of the jobs will be in call centers, with other positions in areas such as Linux, engineering, information technology, development, marketing, [...]Read more