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Nate Martinez's Blog

Nate Martinez

Blog

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Glendale NSP Approved Property

by Nate Martinez

On August 7th, Freddie Mac / HomeSteps will be partnering with REDC Auctions to bring to you a-never-before-one-of-a-kind auction designed for NSP approved buyers ONLY! This means NO investors to compete against. There will be approximately 50 NSP approved turn-key homes sold at this auction. Buyers MUST use NSP funds to purchase. ALL properties will be in turn-key condition! Check out just one of the properties to be auctioned on August 7th:

Located in Glendale, AZ (59th Ave/Peoria)

2106 square feet / 4 bedrooms / 2.5 baths / built in 1982

For more information on this property, please call our office TODAY. Don't miss out on this fabulous opportunity to buy at low prices, with down payment assistance upto $40,000 for eligible buyers!

What is NSP?

by Nate Martinez

The Neighborhood Stabilization Program (NSP) was created to address the housing crisis, create jobs, and grow local economies by providing communities with the resources to purchase and rehabilitate vacant homes. The NSP grants that HUD has awarded are helping state and local governments, as well as non-profit developers acquire land and property; demolish or rehabilitate abandoned properties; and/or offer downpayment and closing cost assistance to low- to middle-income home buyers. Grantees can also stabilize neighborhoods by creating “land banks” to assemble, temporarily manage, and dispose of foreclosed homes. So far, over 63,000 homes are projected to be impacted by NSP1, including acquisition, demolition, home buyer assistance and new construction, and over 17,000 units have been completed. For NSP2, applications were submitted for over $15 billion worth of projects nationwide, with only $2 billion available for funding.

Call us TODAY to learn how to qualify for your piece of the NSP funds -- eligible home buyer's may qualify for up to $40,000 in down payment assistance.

Your Way Home AZ

Are you tired of getting beat out by cash investors??

by Nate Martinez

On August 7th 2010, Freddie Mac/Homesteps will be partnering with local Realtors and REDC auction company to bring to you an exclusive, never before event!

This auction is only for owner occupant homeowners - NO INVESTORS! The first half of the auction will be qualified NSP Community homes. What does this mean? The benefits of purchasing a home through this event are:

  • Up to 3% closing cost incentive
  • 2-Year home warranty on eligible homes
  • Homes will not be pre-sold to guarantee auction availability
  • No investor competition
  • No offer/counter offer process at auction
  • Immediate contract execution
  • The second half of the auction will be other properties, which may or may not qualify for the NSP Community Program, however, will still be limitted to owner occupied purchases. Again - NO INVESTORS - NO MULTIPLE OFFER COMPETION!

    Call us TODAY to pre-register for this execlusive, rare event - if you have been struggling to find the right home and are tried of getting beat out by cash investors, then you do not want to miss this event! Call us today for more details!!

    Your Window to Homeownership

    by Nate Martinez

    The federally funded Neighborhood Stabilization Program (NSP) enables eligible applicants to realize homeownership in the city of Phoenix by providing monetary incentives to assist with down payment, closing costs and home improvement.

    Each of the NSP programs provides the following:

    •  
      • a three-year home warranty policy,
      • friendly guidance throughout the process, and
      • assurance that the buyer is ready for successful homeownership.

    Don't wait to acheive your dreams of homeownership! Call us TODAY to learn more about how to qualify for NSP down payment assistance!

    City of Phoenix

    Glendale Down Payment Assistance

    by Nate Martinez

    The city of Glendale, Arizona received $6.1 million in stimulus money called Neighborhood Stabilization Funds or NSP, which is a one-time, federally funded program designed to mitigate the impact of foreclosed properties in communities. In Glendale, the NSP allocation will be used to fund the following key initiatives to revitalize the community.

    Don't wait to take advantage of the NSP funds available in the City of Glendale. Call us TODAY to learn more about how to qualify for NSP down payment assistance!

    City of Glendale

    Just because the tax credit had ended, doesn't mean that now is not still a good time to buy a home in Arizona. Did you know that funding is made available through the U.S. Housing and Urban Development Neighborhood Stabilization Program (NSP)? Arizona and nine other counties and communities received more than $121 million to help stabilize our hardest hit neighborhoods through a variety of efforts.

    Your Way Home AZ is a statewide program to assist homebuyers purchasing foreclosed homes in select areas, help rehabilitate housing developments, and stabilize neighborhoods. Nine community partners - the state of Arizona, Maricopa County, Pima County, and the cities of Avondale, Chandler, Glendale, Mesa, Phoenix, Surprise and Tucson - have teamed up to use Neighborhood Stabilization Program (NSP) funds for this purpose.

    Call us TODAY to learn more about how to qualify for down payment assistance. Depending on your current situation, you may qualify for upto $40,000 in assistance! Don't miss out on this historic time to purchase real estate in Arizona!

    Your Way Home AZ

    Phoenix Pet Expo - Tomorrow!

    by Nate Martinez

    The Phoenix Pet Expo on Saturday isn't just for dogs. All pets are welcome, from lizards and turtles to rabbits and birds, at the inaugural convention.

    What: More than 175 exhibitors, including trainers, groomers, rescues shelters, and retailers, will be at the inaugural Phoenix Pet Expo.

    When: 10 a.m.-6 p.m. Saturday, June 12.

    Where: University of Phoenix Stadium, Loop 101 and Glendale Avenue, Glendale.

    Admission: Free.

    Details: 888-672-6088, phoenixpetexpo.com



    Read more: http://www.azcentral.com/thingstodo/events/articles/2010/06/07/20100607phoenix-pet-expo-opens-doors-all-pets.html#ixzz0qae1Zbqw

    Why HAFA?

    by Nate Martinez

    HAFA is the only program that gives you cash for avoiding foreclosure through a short sale or deed-in-lieu of foreclosure. If you complete a short sale or deed-in-lieu, then up to $3,000 in Borrower Relocation Assistance may be available to aid in your transition. The biggest gain of HAFA, however, is that it helps you get your life back if you feel like there are no other solutions when faced with foreclosure.

    What’s in it for the Homeowner?

    Homeowners qualify for $3,000 in Borrower Relocation Assistance. Bare in mind, this money will be deducted from the gross sale proceeds at the time of closing and may classify as taxable income, in some cases.

    Why Would my Lender Participate in HAFA?

    Lenders and servicers receive $1,500 in administration and processing fees for each successful short sale transaction under HAFA guidelines. Servicer may not charge borrower any processing fees and MUST pay all out-of pocket expenses.

    If I Have More Than One Lien Holder, Why Would They Release My Debt?

    Under HAFA, subordinate lien holders receive up to $6,000 to release liens.

    What Motivates Investors to Buy a Short Sale?

    Investors are given $2,000 for subordinate lien holder payoff as well as a great deal on a properly maintained property. For every three dollars spent to release liens (up to $6,000) investor is reimbursed one dollar (up to $2,000).

     Az Short Sale Resource

    Source: Making Home Affordable. Supplemental Directive 09-09 Revised (2010)

    HAFA/HAMP Eligibility Guidelines

    by Nate Martinez

    Most homeowners facing financial hardship are eligible for a HAFA (Affordable Foreclosure Alternatives Program). As a rule, if a homeowner is eligible for HAMP (Home Affordable Modification Program) but cannot pay the mortgage, then he or she is eligible for an assisted short sale through HAFA. Your real estate agent can request a HAFA short sale on your behalf.

    For a loan to qualify, it must meet the following criteria:

    • The property is the borrower’s principal residence

    • The mortgage loan is a first lien mortgage originated on or before January 1, 2009

    • The mortgage is not owned or guaranteed by Fannie Mae or Freddie Mac

    • The mortgage is delinquent or default is reasonably foreseeable

    • The current unpaid principal balance is equal to or less than $729,750

    • The borrower’s total monthly mortgage payment exceeds 31 percent of the borrower’s gross income (as defined in HAMP Supplemental Directive 09-01)

    For more information on foreclosure alternatives, please contact us today.

    24 Thoughts Never to Forget

    by Nate Martinez
    24 Thoughts Never To Forget...
     
    Your presence is a present to the world.
    You're unique and one of a kind.
    Your life can be what you want it to be.
    Take the days just one at a time.
    Count your blessings, not your troubles.
    You'll make it through whatever comes along.
    Within you are so many answers.
    Understand, have courage, be strong.
    Don't put limits on yourself.
    So many dreams are waiting to be realized.
    Decisions are too important to leave to chance.
    Reach for your peak, your goal, your prize.
    Nothing wastes more energy than worrying.
    The longer one carries a problem, the heavier it gets.
    Don't take things too seriously.
    Live a life of serenity, not a life of regrets.
    Remember that a little love goes a long way…
    Remember that a lot…goes forever.
    Remember that friendship is a wise investment.
    Life's treasures are people…together.
    Realize that it's never too late.
    Do ordinary things in an extraordinary way.
    Have health and hope and happiness.
    Take time to wish upon a star.
    And don't ever forget…for even a day…
    How very special you are.

    Displaying blog entries 821-830 of 852

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    Nate Martinez
    RE/MAX Professionals
    20241 North 67th Avenue, Suite A1
    Glendale AZ 85308
    623-643-1010
    602-430-5226
    Fax: 602-532-7352

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