Foreclosures - HUD Homes - Short Sales
Phoenix Arizona Real Estate
Search MLS - Free Custom Search - Foreclosed Homes
No Information Required.... FREE SEARCHES
OPEN 7 DAYS A WEEK
Call Today: (623)628-7372
Search the Market (MLS): Click Here
Search Foreclosures: Click Here
Foreclosure List For You: Click Here
SELLER'S FREE REPORTS: Click Here
Recent Excerpt from Daniel's Blog:
"Bank owned homes or cooperate owned homes make up a huge amount of inventory on the market. If you have never bought one before I can tell you that it is a different beast. When buying a bank owned home in Arizona, you are going to be playing by a different set of rules. I look over a bank contract every day. None are exactly the same. "
This Website is designed for you.
Just another advantage and an example of what type of service we are providing our clients. If you navigate through this website you will see MLS access, Free Reports, and pinpoint information about buying or selling a home in Arizona. As mentioned above we have introduced to the valley something unique and new, we are inside a Wal-Mart. We thought the move inside Wal-Mart was very logical. With our new office we have made our services available 65 hours a week.
How does our new office benefit you?
If you put your home on the market with the McCarthy Group, you can come into our office 65 hours a week and ask anyone of our real estate agents questions about showings, price, market conditions, or anything you want. Then after you are done, you can go shopping. The same goes for home buyers, you can speak face to face with a real estate agent without being inside a vacant house, and browse the active listing's with a licensed agent to help you with property values, and area information. We are adding convenience in an inconvenient market. Stop in and see something new.
Frequently Asked Questions
What is the difference between "pre-qualified" and "pre-approved"?
If you are "pre-qualified" you have determined, with a loan officer, what price you can afford based on the down payment, your debts and the amount the mortgage company will approve for your mortgage. Being "pre-qualified" is only a determination of your probable credit. If you are "pre-approved", your credit, employment and funds have been approved by the lender.
What are closing costs?
Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For buyers, they are usually about 4-6% of the total sales price of a property. Some of the closing costs you might encounter are: application fees, appraisal fee, county taxes, credit report, discount points, documentation fee, escrow fees, homeowners' association fees, loan fees, mortgage insurance, origination fees, tax registration and title insurance premium.
What is a point?
One point is equal to 1% of the new loan amount. Whenever government regulation, state usury laws and/or competitive practices prohibit the lender from charging a rate of interest that would make the real estate loan competitive with other fields of investments, the lender must seek some method of increasing the yield for the investors. By charging "points", the lender can bring the real estate loan up to those other investments.
What is earnest money?
When you make an offer, you will need to put up an earnest money deposit as a sign of good faith that you are seriously interested in buying a home. That deposit becomes a part of the purchase price and is held in a trust account until there is full acceptance of the offer.
What is title insurance?
Title insurance protects the named insured against loss because of defects, liens, encumbrances, adverse claims or other matters not shown or disclosed to the new owner that attach before date of policy.
Is VA or FHA financing unfair to sellers?
FHA and VA loans provide purchasers the opportunity to buy homes with minimal cash investment and at lower interest rates. The result is a larger market for sellers, who also benefit by receiving all cash for their equity.
What is a HUD Home?
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 can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
If you are an evacuee displaced by Hurricane Katrina, Rita or Wilma, HUD could sell a HUD home at a discount to you!
How are HUD Homes sold?
All properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker's commission, if included in the contract.
Are there any special programs?
Properties in designated areas are available at a reduced sales price to law enforcement officers, teachers, firefighters, emergency medical technicians, nonprofits and local governments. Read more about these Good Neighbor Initiatives.
Should I get a home inspection?
We encourage you to get an inspection after your offer is accepted. All HUD Homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems.
What about financing?
Although HUD does not offer financing directly, some of our homes qualify for FHA-insured loans. Shop around for a lender to find the best loan terms. Find out how an FHA loan can help you.
|
|
