themonaghangroupcom: When is a good time to buy??? - 07/06/08 03:31 AM
In my area prices are back to 2000 levels in some areas, most if not all of the gains that happened from 2003-2006 are gone and then some.
you can purchase a newer home in a desirable are for less that $100 a square foot and still buyers are waiting for … (1 comments)
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themonaghangroupcom: Southwest valley, like new. - 07/06/08 01:12 AM
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themonaghangroupcom: Close to downtown Glendale AZ - 07/06/08 01:08 AM
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themonaghangroupcom: Located between the Biltmore and Arcadia, priced to sell - 07/06/08 01:06 AM
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themonaghangroupcom: Tatum Highlands, Oversized lot, Resort like back yard - 07/06/08 01:03 AM
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themonaghangroupcom: Under priced and move in ready in Avondale AZ - 07/06/08 12:40 AM
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themonaghangroupcom: Better than new rental in east central phoenix, Gated Community 1 year old - 07/06/08 12:36 AM
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themonaghangroupcom: Anthem Countryclub, Golf course lot, Mountain views and much more - 07/06/08 12:25 AM
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themonaghangroupcom: Central corridor, fantastic value - 07/06/08 12:23 AM
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themonaghangroupcom: Wonderful fix up opportunity, close to Piestaw peak and killer views of downtown - 07/06/08 12:20 AM
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themonaghangroupcom: Everybody complains about REO's condition but.... - 06/16/08 12:48 AM
I sell REO properties in Phoenix Arizona and am somewhat frustrated with the bureaucracy that we have to jump through
Cities make it dificult to turn on utilities and if you can they charge us obscene deposits.
They change the rules on the fly, see my last post http://activerain.com/blogsview/551834/New-Scam-by-the no warning and no … (13 comments)
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themonaghangroupcom: New Scam by the city of phoenix - 06/15/08 01:51 PM
In the past month i have seen a new policy by the City of Phoenix that is bordering on a scam.
If you have a house in the city that is foreclosed, the city charges the Bank for water from the day of foreclosure regardless or not if you have turned … (6 comments)
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themonaghangroupcom: The renter lives up to his lease but the landlord does not pay the mortgage. - 06/15/08 01:44 PM
I am seeing a very unsettling trend in the foreclosures that i am coming across over the past few months, investor buys a home, puts it up for rent, finds a tenant that lives up to their side of the lease and then the landlord does not pay the mortgage and … (3 comments)
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themonaghangroupcom: Gas Prices In Phoenix - 06/05/08 03:41 AM
Today was the first time I had to pay over $4.00 for gas in Phoenix. going home from Downtown this afternoon i needed to fill up my car and pulled into the next circle K I came across, $4.03 per gallon for regular unleaded. I guess ill have to rework some of my … (3 comments)
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themonaghangroupcom: What is excessive closing costs? - 06/01/08 03:14 PM
In the Phoenix market at this time I am seeing a lot of offers that are using FHA with a gift program using sellers funds to pay the downpayment and or closing costs.
Mostly this has been 3% to the closing costs and 3% to the downpayment.
More and more im … (4 comments)
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themonaghangroupcom: The AC unit is Missing - 06/01/08 02:03 PM
Here in the phoenix area we have been having a spate of thefts on ac units, some are taken completely and some are just vandalized.
Why is there not more oversight on the scrap yards that accept the copper and other items, the value of the copper is only a few … (2 comments)
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themonaghangroupcom: Market snapshot for the Phoenix metro area over the past 30 days - 05/31/08 12:46 PM
Market Snapshot as of 5/31/2008 (from ARMLS)
Active listings in ARMLS 53, 620 (54,244 last week)
Active with contingency 1,431 (1,477 last week)
Pending sales 6,909 (7,446 last week)
Sales 6,201 (since 4/30/2008)
Cancelled listings 5,229 (since 4/30/2008)
Expired listings 3,906 (since 4/30/2008)
Temporarily Off Market 996 (since … (0 comments)
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themonaghangroupcom: Why is it so difficult to get a deal closed - 05/30/08 12:43 AM
WE have been working for the past week on getting a deal closed that has been in escrow for the past 6 weeks and we have been working on it for over 2 months.
I have heard everything, documents have been in line since last Friday, every day a new reason … (4 comments)
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themonaghangroupcom: I Would like to wish a Happy Memorial day to all our Troops present and past - 05/26/08 10:45 PM
As we all celebrate memorial day, take a moment to think about what it is all about. I would like to thank all our military past and present you all for your service to our country, for all your sacrifices and the sacrifices of your families.
I know that my family … (1 comments)
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themonaghangroupcom: Buying a home today, This may be the best time in years - 05/25/08 01:37 PM
Prices are back at 2003 levels in most areas of Phoenix, This is especially so in areas like Buckeye, Surprise, El Mirage, Goodyear, Avondale Queen Creek and Maricopa.
You can't pick a exact bottom in the market, if you are ready to buy do so, we need a place to live. … (0 comments)
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themonaghangroupcom: Selling in todays market, things to think about - 05/25/08 01:28 PM
Price.Price your house at what the market is buying, the buyer does not care what you think its worth, the market will decide.
Condition.Make your home the best conditions home in the area, hire a stager, landscape, painter and keep it in show ready condition, deodorize - you may not smell … (4 comments)
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themonaghangroupcom: Arizona Mortgage originators need to be licensed - 05/25/08 01:12 PM
In Arizona you do not need to be Licensed to be a loan originator, anybody can hang up a shingle an say I can do loans, this has led to challenges with unscrupulous individuals taking advantage of unknowing borrowers.
The Arizona state of Representatives has passed a bill requiring just that … (0 comments)
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themonaghangroupcom: What happened to my offer - 05/21/08 11:04 PM
I list REO properties for a number of banks in the Phoenix Metro area,
Many times i receive offers on properties that are somewhat bellow asking price ;-) , invariably there is some correlation between how low the offer was and the aggressiveness of the buyers agent looking for a answer, … (3 comments)
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themonaghangroupcom: Great article from the Wall Street Journal in May 6th 2008. - 05/20/08 01:23 AM
The Housing Crisis Is Over
By CYRIL MOULLE-BERTEAUXMay 6, 2008; Page A23
The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market … (2 comments)
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themonaghangroupcom: My new listing, charming little fixer upper, needs a little TLC but priced accordingly - 05/19/08 12:03 AM
Front View with custom paint features
Rear View of the hoem with damage proof "windows"
Current occupant, transient that brought his own bed sleeping in the kitchen of the home
Front Door, No longer there and the board up has obviously failed
This … (4 comments)
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themonaghangroupcom: Market update for Maricopa County AZ as of 5/18/2008 - 05/18/08 11:25 PM
Market Snapshot as of 5/18/2008 (from ARMLS)
Active listings in ARMLS 54,264
Active with contingency 1,444
Pending sales 7,300
Sales 5,270 (since 4/18/2008)
Cancelled listings 4,892 (since 4/18/2008)
Expired listings 3,622 (since 4/18/2008)
Temporarily Off Market 2,609 (since 4/18/2008)
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themonaghangroupcom: Streamline 203(k) Ineligible Work Items - 05/17/08 11:37 AM
Properties that require the following work items are not eligible for financing under the Streamline 203(k) Program:
· New construction (including room additions);
· Repairs requiring detailed drawings or architectural exhibits;
· Any repair or improvement requiring a work schedule longer than six (6) months; or
· Necessitate a "consultant" to … (6 comments)
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themonaghangroupcom: Buying a home that has "challenges" using FHA Financing, Allowable Items - 05/17/08 11:33 AM
Streamline 203(k) Eligible Work ItemsUse of the Streamline 203(k) program is limited to properties with the following work category items:
Repair/Replacement/Upgrade of existing HVAC systems
Repair or replacement of roofs, guters and downspouts.
Repair / Replacement/ upgrade of plumbing and electrical systems.
Repair/Replacement of flooring
Minor Remodeling such as kitchens must … (1 comments)
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themonaghangroupcom: Offers offers offers - 05/13/08 12:50 AM
Over the past weeks I have seen it all
Cash offers, 40-75 cents on the dollar asking price with nary a look at what the value of the home actually is.
FHA and VA offers all over the place with seller contribution of up to 10% and no mention of the … (3 comments)
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themonaghangroupcom: Unlimited cell phone calling plans are available - 02/20/08 08:49 PM
I could hardly believe my eyes this morning when i read the newspaper, it stated that Verizon Wireless had introduced a unlimited calling plan at only $99.00, T-Mobile and AT&T were following suit.
I have my service with T-Mobile and changed over today and one of my agents did the same with … (12 comments)
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themonaghangroupcom: Let me see, what did I find in My travels today - 02/10/08 03:09 AM
Today i was off on my travels visiting my new assignments and thought that I would share some to the things I found,
living room in the first home i came across "A little clean up needed"
Acording to the original comunication i recieved there was suposted to be single wide mobile home on this lot
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themonaghangroupcom: what is a good car for Real Estate - 02/03/08 10:51 PM
I am looking for a new car, my current one a Nissan Maxima was on life support after a accident but on Friday last the insurance adjuster pronounced it Dead. I am working in the REO market, so i carry some items that "Normal" Realtors would not, 24 volt cordless drill, replacement … (21 comments)
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