On occasion, when someone is shopping around online for their next Realtor, I need to be able to share these recommendations and it would be so appreciated if you are willing to take a couple of minutes to express your experience with my services if I did a good job for you. Those that do will get a FREE pair of movie tickets to Harkins Theatres and if there isn’t one near you, I can certainly find a Theatre that is! Please click the box below to give me a recommendation! You will need my Name: Rebecca Hidalgo and my email address: rebeccahidalgo@cox.net. I really appreciate it!

Thank you!

<<——–PLEASE CLICK MICROPHONE TO LISTEN TO REBECCA HIDALGO, DESIGNATED BROKER OF INTEGRITY ALL STARS, TALK ABOUT SHORT SALES ON THIS WEEK’S EPISODE. (She goes on from minutes 10-18 on podcast)

If you or anyone you know is in need of help, found themselves upside down on their home and they may or may not be able to still make their mortgage payments- have them call 480-243-4242 for a free personal consultation OR click here to get started.

We are giving prizes away this Saturday to our “Fans”- please click each photo below and “like” us in order to enter- If you “like” all three fan pages, you’ll have 3 entries—We will be drawing names at the Chandler Block Party (no need to be present to win).

We will be giving away FREE Carwashes (compliments of Cobblestone), FREE Bottomless Mimosa/Bellini Brunch for 4 @ Cork in Chandler, FREE gift basket of LINGERIE goodies (Compliments of Anastasias) AND several $50 VISA GIFT CARDS compliments of Ryan Nelson of Academy Mortgage throughout the day, gift card from DiSciacca Glass Store; all just in time for Christmas!  (THANK YOU SPONSORS!)

If you do decide to attend; we will be allowing folks stopping by our booth at also add their names to the drawing- so please stop by our booth and be sure to say “Hi!”. That will give you  a total of 4 chances to win one of our prizes!!

There will be FREE pictures with Santa, FREE Skating, FREE climbing wall and FREE Tours of the new City hall- check out link to Webcam- CONSTRUCTION MESS IS OVER- it’s finally safe to drive though Downtown Chandler (Arizona Ave) again after months of construction delays!!!

As always, we appreciate the referrals our clients give us when they know someone with Real Estate needs, thank you for your support!  We wouldn’t be the team that we are without you!

Please watch my video about us and “Like” our fan page on Facebook- We are always sharing pertinent Real Estate information PLUS events taking place in the area. Please share with anyone you know that is in need of our services.  Thank you!  Rebecca Hidalgo, Designated Broker/Owner- Integrity All Stars 

Here’s a link to the June Market report I wrote based on last month’s reports coming from Mike Orr of the Cromford Report.  If you want to get a better idea of what is going on in our market place today; I recommend reading both.  I’ve been full time in Real Estate since 1993 and I can definitely say we are on the road to recovery but we still have a long way before we get there.

Why hire us? If you need help in either selling or buying a home or know someone that does, please click here to get started or call us at 480-243-4242. 

(Click on the photo above for a downloadable PDF document that will be easier to read and printable)

What’s HAFA mean to you? It actually may not mean much… unfortunately our government has good intentions but missed the mark in my opinion on this program that started on April 5, 2010. 

Perhaps a step in the right direction but… not worth getting too excited over unless they change a few major conditions!

The biggest issues are:

• Only 4.5% of loans in default will qualify for it- that’s just 1 out of 22.5 families that are a minimum of 2 months behind on their mortgage MAY get help from this government sponsored program.
• NONE of the major investors are participating- FANNIE MAE, FREDDIE MAC, FHA, VA are all NOT participating???
• Seems misleading because if you go to this link at "Making Homes Affordable.gov", it appears for appearances sake that just about every “Lender/Bank” (a.k.a. Servicer) IS participating. SO… What’s the deal? 
• The deal is like most government programs that cost us tax payers BILLIONS of dollars.  It looks good in the media and creates a false sense that the big players are doing something to really help the little guys.

Why if the “Servicers” of the loans are participating but the majority of “Investors” are not IS there such hype out there right now??? …You can thank the media and the Government I suppose…

Why aren’t the investors on board to help???  …… drumroll please….. it’s because IF the investor accepts the government assistance they MUST agree to WAIVE their rights to pursue for a deficiency- in plain English that means they must agree not to go after and SUE the borrower for their loss afterwards! 

LUCKILY for us in Arizona, we have laws that do protect people in the majority of cases of such deficiency judgments- please go to our resource tab on this site for the links to our state laws or contact us for more details. 

We are happy to help you find out if you are one of the 1 in 22.5 families that MAY qualify for this HAFA program. 

If you don’t, don’t fret! We can and are happy to still help you navigate thru the “normal” Short Sale process and successfully sell your home and help you and your family get a clean slate financially on life.

The Integrity All Star Team is here to help you and anyone you know with their Real Estate needs.  Just let us know who you know that is considering giving their home back to their bank and we’ll gladly do everything we can to help them avoid Foreclosure.

• Are you at risk of losing your job?
• Do you know where the money to pay your next mortgage payment is coming from?
• Are you afraid of getting your family locked out of your own home by your bank? 
• Do you know that 58% of the loan modifications that even get approved, end up in foreclosure within 4 months?
• Did you know that in Gilbert alone more than 3 out of 5 people, just like you, are either at risk or are already in a foreclosure situation?

If you answered yes to any of these questions, please reach out to us for help now before it’s too late, click here to get started.  We will gladly give you a compassionate & intelligent conversation when the time is right for you and your family.

IN THE MEANTIME; THERE ARE LEGAL RIGHTS THAT GIVE SOMEONE TIME STILL IN THE HOME AFTER A TRUSTEE SALE: Please read the following article AZ Republic: Eviction Adds to Pain of Home’s Foreclosure.  In this, Michelle Lind, general counsel for the Arizona Association of Realtors, explained how the state’s eviction laws work. "The buyer of a foreclosure home has to give the home’s former owner notice to move out," she said. "If after five days the former owner doesn’t move out, the new owner can file with the courts for a forcible eviction."

What does this mean to you if you live in Chandler?

• Of the homes currently active today:
• 47.2% are Short Sales &/or Pre-Foreclosures listed for sale at an average price of $102.12 per sqft
• 12.18% have already been Foreclosed and are “Lender Owned” (aka REO or Bank Owned) at an average price of $96.93 per sqft
• 40.62% are normal listings, new term “Equity” sales and are asking an average price of $147.75
• What actually sold last month (closed escrow) in Chandler:
• 28.76% were Short Sales that closed at an average price of $99.58 per sqft
• 37.17% were REO’s that closed at an average price of $96.93 per sqft
• 34.07% were Regular listings that closed at an average price per sqft of $122.91

Seems that if you are wondering where your next mortgage payment is coming from, you aren’t alone. 

Banks are finally beginning to see that they lose more money with a Foreclosure where they have to take over a property and remarket it to get it off their books.  It makes more sense for them to work with people in distress by approving their short sales! 

Many banks are trying to streamline their processes and that is why we are beginning to see more and more people opt for doing a Short Sale rather than stick their head in the sand and wait for the bank to come take back their asset (your home) in a Trustee Sale. 

Many sellers are starting to come back out on the market again; but most need to reduce their prices to actually get their homes sold ($147 vs $122 per sqft). We are also seeing many investors purchasing distressed properties and flipping them for an immediate return on their investments.

Homes that aren’t in distress are still high in demand because:

• The homes are typically better taken care of and aren’t “stripped” or trashed like so many of the pre/foreclosure homes are.
• The buyer can avoid those headaches that the various Banks and Lenders out there give when it comes to negotiating price.
• The buyer isn’t having to send in multiple offers and compete with others looking for a bargain.
• Many buyers run out of time and patience to wait on the banks with the lengthiness of their current processes.

Are you interested in seeing what this graph looks like in your area?  If so, click here to get started.  If you let us know, we’ll send one to you for your area (this report can also be done by Zip Code).  All of this data is provided by Mike Orr of the Cromford Report.

WACHOVIA’S FAST TRACK APPLICATION

FAQ’S for Wachovia’s Fast Track Program

Wachovia bank is breaking through barriers to make avoiding foreclosure much easier for homeowners in need.

• Instead of taking weeks or months, approvals can be issued within 48hrs with very little paperwork involved.
• Meet in person directly with a Wachovia Representative to discuss your hardship.
• In some serious cases, the Lender is offering cash at closing to make moving out easier for those in need.

If you are interested in finding if you can participate in this new exciting program click here to get started.

• Opening bid was 292k
• He won at 318k
• We sold and closed it 40 days later for 410k
• He netted over $65k after all fees and costs

Not bad,eh? 

Click the link below to watch the virtual tour of the actual sale itself to get a feel for how it works.

Maricopa County Trustee Sale

If you are interested in doing the same, click here to get started.