This is some great information for those fighting the short sale battle in Phoenix Arizona. HAMP(also known as HAFA) stands for Home Affordable Modification Program. HAMP has addressed new rules for short sale transactions that are owned by banks(not Fannie Mae and Freddie Mac). Keep in mind H
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03/23/2010
With the Phoenix Market & 8,000 tax credit running out soon we are seeing a mad dash to the finish line to find a home that will fit us. I have had multiple clients losing out on offers because of the competition. As a qualified mortgage specialis at V.I.P Mortgage I can help you reach your go
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03/23/2010
What Will Hurt Your Credit more? This is a question that I get all the time as a loan officer here in Arizona and despite the different laws in different states regarding the affects that a foreclosure or short sale can have on you personally, the basic ramifications of the two are somewhat cut
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03/22/2010
The 80's Called & They Want Your Glamour Picture Back! You know you have seen it before. That all too amazing glamour shot from 1985 framed on a business card made.... Last Week. I don't run into these too often but have you ever seen a business card before actually meeting the person and whe
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03/17/2010
I have originated loans in Phoenix Arizona for almost 8 years now. When I started in the industry I focused my time onFHA streamline refinances and worked with bankruptcy attorneys to help people obtain FHA & VA financing for those who had filed bankruptcy. FHA was pretty common at the time but
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03/17/2010
Chapter 13 Bankruptcy vs. Chapter 7 Bankruptcy in Arizona There are two kinds of bankruptcy that you are most likely to be a part of if you ever find yourself in a very difficult situation. Having worked with many clients who are in and recently out of bankruptcy in Arizona I would like to give
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03/16/2010
Overbid and Under Appraise I have seen a trend take place here in Phoenix over the past few months. With the tax credit deadline in near sight and many, many buyers still without homes it has become ever so difficult to get a contract accepted. I have had buyers pulling their hair out because
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03/12/2010
Foreclosed but... Forgotten? We are quickly approaching the era of the pre-foreclosed borrower. We have probably all bumped into a client now and then that has a foreclosure but the probability of having a client coming off foreclosure is on an upward swing. Conventional FHA & VA all have their
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03/08/2010
