Shanna Day Team Real Estate Blog

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Real Estate Agent - Keller Williams Realty EV (AZ) & Keller Williams SLC (UT) - 629265000 & 7238507
(AZ) The Shanna Day Team services the following East Valley Cities in AZ: Scottsdale, Mesa, Gilbert, Chandler, Tempe (UT) The Shanna Day Team services the following Wasatch Front Areas: From Ogden to Provo, from Tooele to Heber

ARCHIVED BLOG POSTS

2011 

Take a look at these AZ housing market stats - comparing This Year to Last Year (numbers in green).   I'm happy as a clam (yes I did grow up reading Wizard of ID cartoons) that the most significant changes in # of homes sold in the luxury range went up so dramatically and that the Current $/SF r...
11/15/2011
For Sale: The U.S.A. Are you a foreign drug dealer, terrorist or one of their extended family members and have pondered for years on how to buy a home in the states AND receive an American visa?  No need to plot any further!  Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah), proposed an a...
11/11/2011
Are Escrow Holdbacks Allowedon HUD Homes?Answer: Yes, but there are restrictions.A HUD Home is a foreclosed property conveyed to HUD when the home owner defaults on an FHA loan.   There is a strict procedure for purchasing a HUD home utilizing a bid process.The mortgage portion follows FHA guidel...
11/08/2011
Question: We have identified a home we would like to buy but we were told underwriting may require two appraisals.  Why?Answer:  The home is probably a “flip” or in layman terms:  a property that has changed ownership within the previous 90 days.   An investor bought the home at auction or as a s...
11/08/2011
Can Builders Lend After A Short Sale?Question:  My clients visited a national builder who insisted that their lender can immediately approve mortgages to previous homeowners after a short sale with lates.  Can they really lend on a home after a short sale? Answer:  Beam me up! Wouldn’t it be awes...
11/08/2011
10 Reasons We LOVE VA Loans (yes, I said VA)There are unfounded rumors swirling around the real estate community regarding VA loans:  they are difficult to underwrite, appraisals come in undervalue and the turn times are unreasonable. That is so 2007. Originating a home loan for our Veterans is a...
11/08/2011
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