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financing: President Obama's HARP Finally Will Play in Phoenix - 10/24/11 02:01 PM
Let's jump into the Wayback Machine to February 2009, when President Obama visited my alma mater, Dobson High School in Mesa, and unveiled the Home Affordable Refinance Program.
At the time I wrote:
The overall goal is to modify loans in manners that allow homeowners to remain in ther homes rather than face foreclosure. Eligibility is limited to mortgages on primary homes (no second, vacation or investment properties) and appears to be limited to situations where the first mortgage is no more than 105% of the value of the home.
You don’t need to be behind on your payments to be eligible.
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financing: An Appraisal Tale - 09/15/11 02:04 PM
This article originally appeared September 14 on All Phoenix Real Estate.com.
So what does an appraisal really mean?
Buyers usually view the appraisal as a declaration of a property’s value. Lenders view an appraisal as a benchmark for risk assessment. Real estate agents view appraisals and, more to the point, appraisers, as the bane of our existence.
Cached amidst the flowery legalistic language, disclaimers and overly long and complicated appraisal forms, the agents see what few others realize – the appraisal only is one person’s opinion of value. Nothing more. Nothing less.
It’s not even a pure opinion. Appraisers start the … (2 comments)

 
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Jonathan Dalton

Glendale, AZ

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Thompson's Realty

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Phoenix Arizona Real Estate Blog, presented by Jonathan Dalton of Thompson's Realty and All Phoenix Real estate.com. Check back often for market analysis and general thoughts on the state of real estate in Maricopa County. Free listings search!



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