Short Sale My Queen Creek Home: August 2008

Typically, FHA will NOT insure more than one mortgage to any Borrower. An individual or couple owning a home that is already covered by an FHA mortgage CANNOT purchase another property that will be financed through FHA except under the following conditions:

 1) Increase in family size. If the number of dependents has increased to the point where the present home no longer meets the family's needs, the Borrower may be able to finance another home through FHA. Borrower must provide satisfactory evidence of the increase in family size and show how the home no longer is large enough for the family. The Borrower MUST ALSO PAYDOWN THE 1^st FHA Mortgage so that the LTV on that loan DOES NOT EXCEED 75% OF THE CURRENT APPRAISED VALUE OF THE PROPERTY. (NOTE: A full appraisal will be required to establish the value of the home).

 2) Relocation: For Borrowers who are relocating to a new area that is NOT within a "reasonable commute" from their FHA-insured primary residence, the Borrower may keep the FHA-insured property as a rental property. The mortgage payment on the home must be documented and a lease of a 1-year duration (or longer) is required to show the rental income supports the payment for the mortgage.

 3) Vacating a Jointly owned property: If the Borrower is vacating a residence that will remain occupied by a Co-Mortgagor, the individual vacating the property is permitted to obtain another FHA-insured loan. Acceptable situations would include those following a divorce or where one of the Co-Mortgagors will vacate the existing property to marry another.

 a) For divorce situations, a copy of the divorce decree and the quitclaim deed would be required to show that the Borrower has relinquished the first FHA-insured property as part of the property settlement. It is also necessary to provide copies of canceled mortgage payment checks to show the ex-spouse has been paying the mortgage payment (with no lates) for at least the past 12 months.

 4) A Non-Occupant Co-Borrower: A Borrower may be a Non-Occupying Borrower on the purchase of a 1-unit home for a family member to assist that person in qualifying the mortgage. The Borrower MAY STILL OBTAIN MAXIMUM FHA FINANCING ON HIS OWN PERSONAL MORTGAGE FOR HIS PERSONAL RESIDENCE.

Queen Creek Marketplace Grand Opening Event
"Snow in the Summer"
Saturday, August 9th
10am - 2pm

Come play in the snow at the grand opening of Queen Creek Marketplace - the coolest place to shop!

Bring the whole family and enjoy the "Snow in the Summer" grand opening event

*Cool off while playing in over 20 tons of snow!

*Win a San Diego Family Getaway courtesy of the San Diego Convention and Visitors Bureau and KMLE Country 108FM!**


*Enjoy a kids fashion show and performance by the Queen Creek Performing Arts Center


*Stop by all of the new shops and restaurants at Queen Creek Marketplace and receive special grand opening discounts and giveaways









**San Diego Family Getaway includes two nights at The Embassy Suites Hotel on San Diego Bay, four tickets to the Birch Aquarium at Scripps, four tickets to LEGOLAND California - unearthing its newest area full of mystery and intrigue - Land of Adventure - now open, and a delicious meal at Casa Guadalajara, an Old Town favorite!


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Check out the all the events happening at Queen Creek Marketplace!








Now Open!
Super Target
Kohl's
Alltel Wireless
Bed, Bath & Beyond
BevMo!
Bikes Direct
Chase
Chipotle Fresh Mexican Grill
Circuit City
Cost Plus World Market
Famous Footwear
Frazee Paint
Great Clips
Massage Envy
Mattress Firm
OfficeMax
Paradise Bakery
Peach Tree Dental Group
PetSmart
Red Brick Pizza
Ross Dress for Less
Shoe Pavilion
Stein Mart
Tilly's
Tips n Toes Nail Spa
Verizon Wireless









Coming Soon
Bath & Body Works
Chick-fil-A
Justice for Girls
Macayo's
Peter Piper Pizza
Riviera Pools
Sport Chalet
Wells Fargo
Wendy's
ULTA








Located on the corner of Rittenhouse and Ellsworth Roads, Queen Creek, AZ 
 

This is a nationwide program, and we have a very large pool of investors. I represent the investor, and will pay a 25% referral fee if you refer me your lease option client.

Basically, the way it works is an investor purchases the home of your client's choice (must be competitively priced and at or below current market value) and they rent it back for 1-3 years.

Your client will have the option to purchase any time during the lease term at a price only 10% higher than the price the investor pays for the home. They will also have a lender and credit repair company work with them extensively.  Not everyone is approved.  Your clients will also need some money out of pocket to do the program plus earnest deposit.

We assist people from all walks of life to get into a new home. If one of the below situations applies to your client, we can help!

• Credit challenges due to unforeseen circumstances such as health issues, job loss or change.
• Incorrectly reported credit information or identity theft.
• They're a first-time home buyer and/or don't have a credit history established.
• They have recently or are in the process of declaring bankruptcy and need to move.
• They need to find a residence in their current school district, but do not qualify for conventional financing.

We have a program and the resources that will be right for your client.  For more information or details, contact me today!

Win-Win Philosophy

We are committed to finding your client a home through a process that's a Win/Win proposition for our clients, our investors and sellers.

Our Win/Win policy ensures:

• That our clients get a fair deal on a new home while they are on their way to credit healthiness.
• That our investors have a real interest in your future success while receiving a fair return on their investment.
• We utilize only the best lenders, inspectors and appraisers to insure the integrity of the real estate process for all our clients and investors.

Get Started today! CALL NOW 602-677-7977.

Expectations

Expectations are clearly defined during the interview process

What you can expect from us:

• Your client to be treated with dignity
• Understanding - we've all been there
• Assistance to get your client their own house
• Assistance to get out of debt

What we expect from you and your client:

• Sincerity and honesty
• Their commitment to credit restoration
• They will pay every payment on time
• Enjoy their new lease on life

If they are ready to get in a home now CALL NOW 602-677-7977.

  Buying Process

How the buying process works:

1. Our consultant will explain in detail all aspects of our Rent2own Solution including responsibilities, fees, and timelines.
2. We will determine the purchasing parameters with your client based on theirr situation, the market, and their goals.
3. Once they agree to the process, we introduce them to a Credit Consultant experienced with our program.
4. Once they find a home that meets the parameters we create together, we purchase it for your client.
5. Our credit counselor will outline your client's "credit remediation" action plan.
6. They sign a note, move into their new home, and strive to improve their credit!

  If they wish to own a home, but cannot qualify for conventional financing , we can help. To qualify for our program, they must:

• Be employed, or have a documented income of more than $4000/ month.
• Have a good rental history.
• Have a checking account and a car.
• Be determined to fix their credit.
• Have enough cash saved to move.

We're ready to help CALL NOW 602-677-7977.

Types of Homes

We can identify all sorts of homes for our clients. Our professional consultants will work with your client to determine a housing budget based on their situation and their commitment to restoring their credit.

New Construction	Condominiums
Town Homes	Single Family Homes

Apply Today

Find out how your client can be living in their own home with in the next 45 days. No-Credit needed and No-Down Payment required.  Call or email today to get pre-qualified!