DO YOU HAVE REAL ESTATE UNDER 100K THAT IS IN FORECLOSURE OR NEED A SHORT SALE?

I have a client that is a non-profit organization looking to purchase abandoned, short sale, foreclosed property under $100k. If you are facing foreclosure or at least 90 days behind on your payments, give me a call.

My client is not an investor. If your property meets our guidelines, we will purchase, and help you find a place to live after sale of your property.

Call today.

Cynthia Smitherman, ABR, GRI, DB

Emage` Fine Properties, LLC

602 697-4487

I am a transplant to Arizona; I made that trek across the desert almost seventeen (17) years ago and I have not looked back. If you are looking for beautiful winter weather, this is the place. If you are looking for Mountain views, this is the place. If you are looking for Blue skies - this is the place. If you are looking for low maintenance yard work - this is the place. If you are looking for pro-sports - this is the place; less than 20 miles away you will find Hockey, Football, Baseball, Basketball, Tennis, Car Racing and if you like gaming, we have horse racing, and casinos. Chandler, Arizona is one of the many cities that surround the Phoenix Metro Area. It was named after Dr. Alexander John Chandler who was a veterinary surgeon, who in 1891 purchased a parcel of land and supplied irrigation to the desert landscape, and within a short period of time, a town was formed and businesses began to thrive. Today Chandler as a population of 238,604, and is growing. One of things people like about Chandler is its small town feeling, but large city amenities.
Chandler is located at the southern tip of the Phoenix Metro area and borders the Gila River Indian Community.

If you are looking for cultural diversity, Chandler has that too with its 73.3% White, 4.8% Black or African American, 1.5% Native American, 8.2% Asian, 0.2% Pacific Islander, 21.9% Hispanic or Latino, 8.3% Multi-cultural or Bi-racial.
There is also a diversity pool in turns of age groups in Chandler:
36.7% are ages 0-19 6.5% are ages 20-24
15.2% are ages 25-34 29.8% are ages 35.64 and 11.8% are 65 or older
The median household income is $70,000-$81,000 with major employers such as Intel, Bank of America, Verizon Wireless, Microchip, Freescale Semi-conductor, the City of Chandler, and a host of small businesses. You will also find many corporations who have located their businesses in the Chandler area.
As you see Chandler is a good place to live and work.
If you are thinking of locating to Chandler, Arizona please give me a call.
I have the keys to open the doors to your homeownership dreams.

I had the opportunity to attend the 64th National Convention of the National Association of Real Estate Brokers from August 4-10th, 2011 in New Orleans, LA. It was wonderful seeing the inter-workings of the political machine that drives such a huge organization.

I saw the election of officers, the installation of the new President and other board members, and was thrilled that our own Gayle Randolph was installed for the 2nd time as the National Treasurer.

As a volunteer who worked in registration (650 attendees) I was able to meet people in our profession from all over the United States who came together for a common purpose; to help homeowners find solutions to the problems they are facing in today's market.

Red Beans and Rice, Shrimp, Crab Cakes, Crayfish and Rum Punch was my staples. I danced, laughed, and worked like a mad person, but never forgot where I was; New Orleans - the city that was almost destroyed by rain, water and wind. I was still able to visit the Garden District, ride the trolley and see the street vendors do their "freeze poses" and of course the marvelous bands that played on the side streets for tips. I got chills when I rode past Dillard and Southern University (historical black colleges) because I know that the lack of money makes it even harder to keep their doors open. I salute the founders of those universities because in the early 1930's they had a vision that African Americans could, should and will get a college education.

I did not turn my eyes from the devastation that still haunts the 9th Ward and surrounding areas.

I did not turn my eyes from the amusement park where the roller coaster car still sits atop the skeleton that was once the tracks that carried people laughing and having fun.
I did not turn my eyes from the homeless, and hungry residents who still have no place to live, who begged for money, but offered you a "good day" even if you gave nothing. I wondered where the children were who allowed their mother to wear filthy clothing and make her bed on the hard concrete where pigeons nested, and dogs took their daily relief; surely they would eventually come to her aid- I hoped.

Each night as I savored the rich chocolates left by the chamber maid, upon my fluffy white satin stripped pillows, I thought about how fortunate I was to be in an air conditioned, magnolia fragrant room, with french pattern drapes that hung crisp and perfect to the windows in the five (5) star hotel.

I have visited New Orleans several times, but this time it was different. This time I felt the need to help; so in my own way I did. I decided to generously tip the busboy, the doorman, the waitress, the old guy on the corner painted in white that stood motionlessly atop a beat up box for hours for just a few coins. Instead of a dollar I gave $10 OR $20 tips and was delighted to see the surprise on their faces when they peaked at their bounty when they thought I was not looking.

I was generous to the point where upon my return to Phoenix I had to scrape coins from my console to pay for the concrete I rented for seven (7) days at the parking facility just so they would release my car that was held hostage. As I counted out, fifty nine dollars, two dimes and five pennies, and three quaters, I thought how that money could have fed the disabled veteran who sat on his empty pant legs while offering passerby's twisted pieces of ribbons that resembled the colors and shape of the American Flag in exchange for a quarter.

Sometimes it takes visiting a place like New Orleans or even the lower income areas of our own communities to realize that we (professionals) are only one paycheck away from poverty and homelessness. I am humbled by the experience and happy to know that the National Association of Real Estate Brokers, my fellow REALTIST and REALTORS are here to help those who have been harmed by the housing bust. I am proud to be a part of them and our local chapter, the Arizona Association of Real Estate Brokers.

My hats off to them - what an organization!

Just as drops of rain accumulated caused devastation in New Orleans, we collectively can be a solution to homelessness and poverty by volunteering and giving to those who need it more than we do. For information regarding the Arizona Association of Real Estate Brokers, and the National Association of Real Estate Brokers go to www.nareb.com and www.aareb.org



Cynthia Smitherman, DB, GRI, ABR, 1st Vice President of the Arizona of Real Estate Brokers

Emage` Fine Properties, LLC

602 697-4487

www.homes4saleaz.com

THE FACE OF THE GRIM REAPER

Most people visualize the Grim Reaper as a faceless being wearing a hooded cloak and carrying a hand scythe. Today if you want to visualize the Reaper of the 21st Century - it would be a person who may look like your next door neighbor.



Instead of a cloak, he would wear a Bill Blass shirt, a designer tie, or she a sundress, a pair of patent leather stilettos, and cherry red lipstick. They may be college educated, or a high school drop out, age 12 to 65. They are a needy bunch who are looking for recognition, they prey upon the unsuspecting, and the uniformed. They feed upon turmoil and pain like a vulture feeds upon carrion. They are cowards, they are scum of the earth, they are YOUR hacker, your inventor of viruses. They crash financial institutions, wall street, main street, even your little Tommy's computer. Their eyes are dull, there is no life there, no light, no conscience, no mercy.

Their whole purpose is to destroy, dismantle, and diffuse. What if....what if...what if they used their brilliant minds to find the cure for cancer, find a way to stop the spread of AIDS, cure hunger in both our country and in third world countries. Wouldn't that be powerful? Wouldn't they be recognized, wouldn't their names go down in history as the person or persons who accomplished something that saved the human race?

I dare you Grim Reaper to achieve the positive-I know you can do it - I know you want to do it - so give it a try.

We are waiting.

REDUCED FOR QUICK SALE - SHORT SALE OPPORTUNITY

L@@k What $699.00* per month can get you! This lovely Condo is located in a gated community in Mesa, Arizona, but only a few steps away from Gilbert. Carefree living that is only 1/2 mile from the US 60, 2 miles to Superstition Springs Shopping Center, dining, and schools. Live as though you are on vacation every day. Two (2 ) Bedroom, (2) Full Bathrooms, 1056sf. Assigned covered parking. A club house equipped with exercise, pools, spas and lots of activities planned by the Community for its residents.

Black Appliances Stay. Bay Windows in the dining area

Beautiful resort like pool area

Stop renting and start owing your own home. Let's get you settled so you can enjoy your summer at your own personal resort.

Call Cynthia Smitherman, ABR, GRI, DB, CDPE, VP AAREB

Emage` Fine Properties, LLC

602 697-4487

cynthia@emagehomes.com http://www.homes4saleaz.com/

*Lender approval required, monthly payment is based upon 5% down, 5% interest rate, 30 year fixed, includes principle, taxes, interest, insurance. HOA fees not included.

Valley HOAs sue former homeowners

Valley HOAs sue former homeowners

Media: News Releases > Fannie Mae Extends 3.5 Percent Seller Assistance on its Real Estate Owned Properties

Media: News Releases > Fannie Mae Extends 3.5 Percent Seller Assistance on its Real Estate Owned Properties

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OLD SOCKS, NEW SHOES

I am a Jazz Lover; I cut my teeth on Miles Davis when I was just 16 years old. The first album (yes I said album, not CD) was a Miles Davis goodie by the name of "Miles Ahead". By the time I learned to like miles, I had become a Jazz aficionado.

Prior to Jazz, I listened to Classical while reading Russian novels. I had a thirst for understanding different cultures and their music. However, I found early on Jazz transcends all cultures, all races, and all nationalities- in other words, it is universal. (Something like what we strive to be as Real Estate Professionals)

Another favorite of mine has the same name as the title of this Blog: "Old Sock, New Shoes", by the Jazz Crusaders.

Sometimes as a person, as a woman, as a mother, as a wife, as a daughter, as a Real Estate professional, I feel like Old Socks, in New Shoes. I am ever changing, ever evolving, running to stay in tune, stay in step, and stay up to date. I have FB friends, I try to Tweet, and want to be Linkedin, but sometimes I have to realize that sometimes those old socks get holes in the toes, and are just plain worn out. However, just like a new pair of shoes make those socks look good, my clients make me feel good when they tell me my job is "well done". I feel like a new person - like a pair of old socks in new shoes.

So let me flip the album over, and start anew tomorrow, I won't give up, or give in, there's a lot of work to be done.

Cynthia Smitherman, ABR, GRI, CDPE, VP AAREB

602 697-4487

www.homes4saleaz.com

cynthia@emagehomes.com

FHA IS PROPOSING TO TIGHTEN REQUIREMENT FOR A LOAN

FHA and How it Affects You

Federal Housing Administration (FHA) insures mortgages. These insured mortgage loans have made it possible for middle to low income people purchase a home with little to no down payments. Additionally, FHA loans have had programs that allow the Seller to contribute to the Buyer's closing cost and down payment. All of that is about to change to some degree on January 21, 2010.

Down Payment Requirements Then and Now

In the past FHA allowed Buyers to put as little as zero to 3% as down payment on a home, and that figure was recently increase to 3.5% and still allowed the Seller to contribute up to 6% towards the Buyers closing cost. The new proposal is changing those guide lines. Borrows can still put 3.5% down ifhave at least a credit score of 580 to qualify for 3.5% down payment. Borrows who credit has suffered challenges and can not meet the 580 score will have to put down 10% to purchase a home.

Closing Cost Assistance Then and Now

There was a time when the Seller could pay all of the closing cost for the Buyer except for taxes, insurance and FHA insurance premiums. Then the guidelines changed where the Seller can pay up to 6% of the closing cost, and now 3% in the new proposal.

FHA Insurance Premium is on the Rise

FHA is also proposing to raise its premium to the Buyer for mortgage insurance from 1.75% to 2.25% of the purchase price, which can price some hopeful buyers out of the market because the premium amount is tacked on to the monthly payment.

The Good News Is.....

Most people who are looking to purchase a home usually has a higher credit score, generally in the mid to high 600's, and getting together 3.5% for the down payment is not unreachable. For instance, if the home cost $100,000 the down payment would be $3500. Of course you will have to add your closing cost into the equation and you are set to go.

Unfortunately there have been many loans that have defaulted as evidenced by the many foreclosures we are seeing today. However, FHA is doing what it can to still be available to borrowers while trying to strengthen its programs and finances.

Consult a Real Estate Professional

Today there are over $40,000 home available for sale of various price ranges, and locations. The best way to find out what's available is to contact a real estate professional who can utilize their resources to find the home that meets your needs.

Emage` Fine Properties, LLC has been practicing real estate since 2000, and Cynthia Smitherman the Broker, has been a REALTOR since 1996. We are available to help you understand the "How To's" in the real estate market and how you can fit into various programs.

When calling Emage`, just mention you are looking for a Buyer's Representative, and the services to you are free!

Please call 602 697-4487 or email cynthia@emagehomes.com

Cynthia Smitherman, Designated Broker

Accredited Buyers Broker

Certified Distressed Property Expert

Graduate- Real Estate Institute

At Home with Diversity - Designee

VP Arizona Association of Real Estate Brokers

Accredited Staging Professional

http://www.homes4saleaz.com/

DOWN PAYMENT ASSISTANCE, TAX CREDITS AVAILABLE TO HELP YOU PURCHASE A HOME

MONEY IS AVAILABLE FOR DOWN PAYMENT AND CLOSING COST TO HELP YOUR PURCHASE A HOME!


Avondale, Phoenix, Mesa, Gilbert, Chandler and other Valley cities have money available to help you purchase a home through their neighborhood stabilization programs. What that means to you is $$$$ towards your new home purchase.

You have seen them; they are all around town, vacant homes, abandoned homes, foreclosed homes, etc. In order to keep the neighborhoods from being eye soars, breeding grounds for vandalism, or crime scenes, a conscience effort is being made to fill those properties with responsible buyers. This could be you!

Short of cash to purchase a home?

There are several programs available to help. President Obama signed The Worker, Homeownership, and Business Assistance Act of 2009 into law on Friday, November 6th to help strengthen the nation's economic recovery. It is anticipated, that by extending the first-time homeowner tax credit and expanding the program to cover current homeowners, the inventory of unsold homes will continue to be reduced and homeownership will continue to rise. The White House states that "residential housing investment grew 23 percent in the third quarter, one of the contributors to positive economic growth. The bill temporarily extends the $8,000 tax credit for first- time homebuyers for homes under contract by April 30, 2010.
It also expands the program to provide a $6,500 tax credit for existing homeowners if they have lived in their homes for at least five (5) years and want to "step up" to a new home. Again, the law states that homes must be under contract by April 30, 2010.

Additionally, it extends the same tax credits until May, 2011 to members of the "uniformed services whose duty takes them overseas."
Fraud in on the rise in many arena, and mortgage fraud is not an anomaly, therefore a measures designed to combat fraud and protect responsible homebuyers is a part of the President’s plan. One of his requirements is to limited home purchases to people who meets the minimum age requirements, and can produce "documentary proof of the purchase to receive the credit.

Who is eligible?

All U.S. citizens who file taxes.

Who is considered a "first time" homebuyer?

Anyone defined by law as buyers who have not owned a principal residence during the three-year period prior to the purchase. Who is considered an "existing" homebuyer?Anyone who has been living in their principal residence for five (5) consecutive years out of the last eight (8) and is purchasing a home to be their new principal residence.

Are there income limits?

Yes. Homebuyers filing taxes as a single or head-of-household can claim the full applicable credit for either of the tax credit programs if their modified adjusted gross income (MDGI) is less than $125,000. Single or head-of-household taxpayers with incomes between $125,000 and $145,000 are eligible for partial credit. For married couples filing jointly, combined income cannot exceed $225,000. Married couples whose combined incomes are between $225,000 and $245,000, and file a joint tax return are also eligible to receive a partial tax credit. Single taxpayers whose MAGI is greater than $145,000, and married couples filing a joint tax return with a MAGI over $245,000 are not eligible to participate in the program. What are the effective dates?Homes purchased after November 6, 2009 and before May 1, 2010 are eligible for the tax credit. Home purchases subject to a binding contract signed by April 30, 2010, will qualify if closing occurs before July 1, 2010.

What types of homes qualify?All homes with a purchase price of LESS THAN $800,000 qualify provided that the home will be used as the principal residence. Vacation homes and rental property purchases DO NOT qualify.

Is the tax credit refundable?

Yes... if the amount of income taxes owed is less than the credit amount a homebuyer qualified for, the government will send a check for the difference. All qualified homebuyers can take the tax credit on either their 2009 or 2010 tax return.

CALL ME FOR INFORMATION ON FUNDS AVAILABLE THROUGH VARIOUS CITY PROGRAMS TO GIVEN TOWARDS YOUR DOWN PAYMENT AND CLOSING COST.

CYNTHIA SMITHERMAN, ABR, GRI, DB, CPDE, ASP, C-REO , REALTOR, REALIST, VP-AAREB.
602 697-4487 OR EMAIL:Cynthia@emagehomes.com
http://www.homes4saleaz.com/
equal opportunity real estate agency

Housing Tax Credit Working, So Keep Momentum Going, NAR Urges Congress

As REALTORS we work hard to help our community realize the dream of homeownership. These are the words of our the National Association Realtors President. We will keep you updated.

Housing Tax Credit Working, So Keep Momentum Going, NAR Urges Congress

FHA ANTI-FLIP RULE

This article was posted by a Loan Consultant on Active Rain, I thought it would be a good thing to repost for those who missed it.

TED CANTO, Sr. Loan Consultant (Academy Mortgage):
90 Day FHA Anti-Flipping Rule: Can you finance FHA before the 90 days?

I do not mean to kick the dead horse while it is being buried but my previous post on the 90 Day FHA Anti-Flipping rule generated 4300+ hits, so of course I stopped kicking the horse and went to the next farm to milk the cow. Obviously you know this is a hot topic in our industry and we are always hoping the rule just goes away. However, it will not. The important thing here is to understand it, embrace it and work with the lemons that are handed to us. OK OK!! I will tell you what this post is about already.

In regards to the FHA 90 Day Anti-Flipping Rule, FHA is mainly concerned with the date in which the sale has been bonafide NOT the recording date. However, I will put the disclaimer on this statement. Most banks do not intepret the rule for what it is. Based on FHA's interpretation, some lenders will indeed allow the loan to fund with an FHA loan. However, most banks' internal policies do not allow this to occur, they instead base their decision on the recording date not the SETTLEMENT DATE.

"If the owner sells a property within 90 days after the date of acquisition, that property is not eligible security for a mortgage insured by FHA unless it falls within one of the exceptions to the time restrictions on resales set forth in §203.37a(c) of the regulations. FHA defines the seller's date of acquisition as the date of settlement on the seller's purchase of that property. The resale date is the date of execution of the sales contract by the buyer that will result in a mortgage to be insured by FHA."

If this does not make sense, allow me to break it down for you:

Typical Scenario:

Investor buys property and sale is executed on September 2nd (Settlement Date)
Deed/ Title is recorded on September 30th
Seller writes contract on December 3rd and attempts to close the transaction on December 15th and gets stuck due to the lender not allowing the sale (ie: sale date is not January 1st)

The way the rule actually works:

Investor buys property and sale is executed on September 2nd (Settlement Date)
Deed/ Title is recorded on September 30th
Seller writes contract on December 3rd (91 Days after settlement) and closes the transaction on December 15th per FHA guidelines NOT January 1st (which most lenders will limit you to).
SOLD!!

If you have any questions or interested in learning if your property fit into this box, contact Ted to review.

If you are looking to purchase a home, contact Cynthia at:

Emage` Fine Properties, LLC

602 697-4487

http://www.homes4saleaz.com/

Home Equity Conversion Mortgage Program - HUD

I helped my parents get a Reverse Mortgage - they now live a worry free lifestyle. It was quite easy to get this set up for them. We called a local mortgage company that specializes in Reverse Mortgages. The attended counseling prior to signing up, and within three (3) weeks, they were worry free. In fact, they received over $20,000 for their nest egg. To sweeten the pot, they pulled equity out of their home two more times totaling $50,000. They live in a lovely Condo in a gated community with 2 Bedrooms, 2 Bath, single level, large living room, family room, and a one car garage. The community has tennis courts, 3 golf courses, state of the art fitness center, and much more. Here is how the Reverse Works:

The Home Equity Conversion Mortgage (HECM) program enables older homeowners to withdraw some of the equity in their home in the form of monthly payments for life or a fixed term, or in a lump sum, or through a line of credit.
In addition, the HECM mortgage can be used to purchase a primary home when the borrower is 62 years of age or older and is able to use cash in hand to pay the difference between the reverse mortgage and the sales price plus closing costs for the property.

Purpose: To be eligible for a HECM mortgage, current homeowners must be 62 years of age or older, own their home outright or have a low mortgage balance that can be paid off at closing with proceeds from the reverse mortgage. The home must be their principal residence. In addition, the HECM can be used to purchase a primary home if the borrower is able to use cash in hand to pay the difference between the HECM and the sales price and closing costs for the property.

The program requires that borrowers either receive free or low cost reverse mortgage housing counseling from a HUD approved reverse mortgage counseling agency before applying for a reverse mortgage. FHA insures HECM loans to protect lenders against loss if amounts withdrawn exceed equity when the property is sold.
Type of Assistance: HECM can be used by homeowners who are 62 years of age and older. The total income that an owner can receive through HECM is the maximum claim amount, which is calculated with a formula including the age of the owner(s), the interest rate, and the value of the home.

Borrowers may choose one of five payment options: (1) tenure, which gives the borrower a monthly payment from the lender for as long as the borrower lives and continues to occupy the home as a principal residence; (2) term, which gives the borrower monthly payments for a fixed period selected by the borrower; (3) line of credit, which allows the borrower to make withdrawals up to a maximum amount, at times and in amounts of the borrower's choosing; (4) modified tenure, which combines the tenure option with a line of credit; and (5) modified term, which combines the term option with a line of credit.

The borrower remains the owner of the home and may sell it and move at any time, keeping the sales proceeds that exceed the mortgage balance. A borrower cannot be forced to sell the home to pay off the mortgage, even if the mortgage balance grows to exceed the value of the property. A HECM loan need not be repaid until the borrower moves, sells, or dies. When the loan must be paid, if it exceeds the value of the property, the borrower (or the heirs) will owe no more than the value of the property, if they sell the property to repay the loan.

Two mortgage insurance premiums are collected to pay for HECM: an upfront premium (2 percent of the home's value), and a monthly premium (which equals 0.5 percent per year of the mortgage balance).
A lender can charge an origination fee up to $2,500 if the home's appraised value is less than $125,000. If the home is valued at more than $125,000, lenders can charge 2% of the first $200,000 of the home's value plus 1% of the amount over $200,000. HECM origination fees are capped at $6,000.
All HECM borrowers are required to complete reverse mortgage counseling through a HUD approved housing counseling agency.

Eligible Customers: To be eligible for HECM, a homeowner must (1) be 62 years of age or older, (2) have a low outstanding mortgage balance or own their home free and clear, and (3) have received HUD approved reverse mortgage counseling to learn about the program.
An eligible property must be a principal residence, but it can be a single family residence, a one to four -unit building with one unit occupied by the borrower, a manufactured home, a unit in an FHA approved condominium, or a unit in a planned unit development. The property must meet FHA standards, but the owner can pay for repairs using the reverse mortgage.

Application: Borrowers who meet the eligibility criteria above can apply through an FHA HECM approved lending institution. Borrowers can locate FHA approved lenders through HUD's searchable listing.
Technical Guidance: This program is authorized by the Housing and Community Development Act of 1987, Section 417, Public Law 100-242 (12 U.S.C. 1715z-20). Program regulations are in 24 CFR 200 and 206.
For More Information: Homeowners who want to learn more about this program should call HUD's toll-free housing counseling information line, (800) 569-4287 or see the searchable list of HUD approved reverse mortgage housing counseling agencies.
Additional information is available from AARP's Home Equity Conversion Information Center (202) 434-6044.

If you are looking for a Condo in a retirement community, I have another 3 BR, 2BA, 1400+ sf, in the same community for just $125,000. Call Cynthia Smitherman, CDPE, ABR, GRI, DB at 602 697-4487.

Emage` Fine Properties, LLC
http://www.homes4saleaz.com/

HOMES FOR POLICE OFFICERS, FIRE FIGHTERS AND MEDICAL PERSONNEL

The Neighbor Next Door initiatives are a collection of FHA's home sales programs designed to help communities and promote homeownership.
If you are a law enforcement officers, firefighter, emergency medical technicians or teachers you have an opportunity to purchase homes in these communities where homes are set aside for you in helping to revitalize a community. HUD provides a substantial incentive in the form of a fifty percent discount off the list price of eligible properties.

Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.

How the Program Works

Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program.

You must meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD's regulations for the program.HUD requires that you sign a second mortgage and note for the discount amount. No interest or payments are required on this "silent second" provided that you fulfill the three-year occupancy requirement.

For more information contact:

Cynthia Smitherman, CDPE, ABR, GRI, DB,VP AAREB

Emage` Fine Properties, LLC

602 697-4487

http://www.homes4saleaz.com/

WHAT WE HAVE DONE FOR OURSELVES ALONE DIES WITH US - WHAT WE DO FOR OTHERS IS IMMORTAL

What We Have Done For Ourselves Alone Dies With Us- What We Do For Others is Immortal

As service industry specialist in the area of Real Estate, we orchestrate wonderful things for perfect strangers. Contrary to all the negative comments from disgruntled people regarding Real Estate Agents, our hearts are in the right place. I have been through weddings, divorces, births, and death with my clients. I have seen them happy, sad, broke, prosperous, employed and unemployed. I have seen them healthy, and I have seen them ill.

My clients become more than business acquaintances, many have become very dear to me. One couple who I secretly refer to as "My Kids", experienced my fussing over them like a mother hen when helping them purchase their first two homes. I watched their children grow from toddlers, to pre-high school-er, and soon to be high schoolers.

I have another family who I am also very fond of, and genuinely am happy to hear from when they call just to say hello. It warms my heart when they ask of my family by name, one by one. It let's me know they care enough to remeber that my father has cancer, or that my son is a Chef, they care enough to ask of my husband, and lastly to ask how I am doing. To them, I am more than the lady that helped them purchase a home. I am their friend.

I have helped many people with different nationalities, different educational backgrounds, different religions, and different political views than me. However, there is always a common bond that transcends any culture, or politcal differences; that bond is genuine respect, and admiration.

So I can honestly say, that I am Proud to be a REALTOR, the rewards are greater than any commission, my greatest reward is that I can honestly say, my clients are truly friends and have become a part of my extended family.

Cynthia Smitherman, CDPE, ABR, GRI, DB, VP. AAREB

REALTOR, REALTIST. 602 697-4487 http://www.homes4saleaz.com/

HUD Dollar Home Programs Offers Discount Programs to Buyers

When I was in my mid twenties, I remember my friends being able to purchase homes in the neighborhood for just $1.00. I really did not understand how this concept worked, or even why, but it did. Every so often we would see individuals fixing up an vacant home, and within weeks, a new family was there. Everyone knew it was purchased for just $1.00.

As a Real Estate professional, I realize how much of a benefit the dollar program can be to low to moderate income people. With a little elbow grease, they too can capture the American Dream of home ownership. I feel today, with the condition of our housing market and the over flow of vacant homes, this leaves an opportunity for many people who could not otherwise purchase a home.

In Arizona, the program works a little different; here is how it works according to HUD:


HUD's Dollar Homes initiative helps local governments to foster housing opportunities for low to moderate income families and address specific community needs by offering them the opportunity to purchase qualified HUD-owned homes for $1 each. Dollar Homes are single-family homes that are acquired by the Federal Housing Administration (which is part of HUD) as a result of foreclosure actions. Single-family properties are made available through the program whenever FHA is unable to sell the homes for six months.

By selling vacant homes for $1 after six months on the market, HUD makes it possible for communities to fix up the homes and put them to good use at a considerable savings. The newly occupied homes can then act as catalysts for neighborhood revitalization, attracting new residents and businesses to an area.
Local governments can partner with local nonprofit home ownership organizations or tap into existing local programs to resell the homes to low- and moderate-income residents of the community.

To find out how HUD Home Programs Offers Discounts Programs to Buyers, contact your local HUD real estate broker.

Emage` Fine Properties, LLC is a HUD real estate broker call today to get your free list of HUD homes.

602 697-4487

http://www.homes4saleaz.com/

FORECLOSURE HELP AVAILABLE FROM AREA EXPERT

FOR RELEASE: IMMEDIATE
DATE: September 17, 2009

For more information, please contact: 602 697-4487

CYNTHIA SMITHERMAN EARNS PRESTIGIOUS DESIGNATION TO

HELP HOMEOWNERS IN DANGER OF FORECLOSURE

CYNTHIA SMITHERMAN of EMAGE` FINE PROPERTIES, LLC of CHANDLER, ARIZONA has earned the prestigious Certified Distressed Property Expert (CDPE) designation, after completing extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.

Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

In the Phoenix metro area there are thousands of homes in danger of foreclosing. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.

“This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales,” said SMITHERMAN. “It is so rewarding to be able to help sellers save their homes from foreclosure.”

Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as CYNTHIA SMITHERMAN with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.

The Distressed Property Institute opened in January 2008 and provides training on-site and online. The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales.

“Our goal is to educate as many people as possible so we can help as many homeowners as possible. If you are facing foreclosure call today, these services are offer at no cost to the homeowner.

Contact foreclosure expert

Cynthia Smitherman, DB, CDPE, ABR, GRI, Vice President, AAREB, REALTIST

Emage` Fine Properties, LLC

602 697-4487

http://www.homes4saleaz.com/

LEISURE WORLD - 55+ COMMUNITY

A few years ago, I talked my parents into moving from the cold snow belt in Indiana to the sunny skies of Arizona. My father who incidentally did not want to move because he enjoyed "THE CHANGE OF SEASONS" made the move reluctantly until he got here and then decided that it was the best move he ever made.



Personally, I really could not find the joy in three layers of sweaters, a fir lined coat, two layers of pants, three layers of socks, inside my fir lined boots and a pair of gloves inside my mittens, all of this just to go to the grocery store to get a gallon of milk.



Now if you live in the Phoenix metro area, you don't know what I am talking about; but if you live in Michigan, Wisconsin, Illinois, Indiana, Ohio, Kansas, Missouri the Dakotas, and Canada - you can relate.
In Phoenix, we have residents who live in Leisure World only during certain months, we call them snowbirds; they fly to Leisure World during the winter months, and fly to the other home during the summer months.




Where are you flying to Frank?






To Relax at Leisure World for the Winter months!




I personally can not think of a better way to enjoy all the seasons than we do in the diverse state called Arizona. In the high country, Flagstaff, Pinetop, even Sedona, you can enjoy the fall leaves turning against the blue skies, dotted with puffy white clouds with with a hint of color from the reflection of the sun, as well as breathtaking mountain views with snow capped mountains in the very near distance. Additionally at the same time, you can enjoy flowers blooming in Phoenix in the winter months.



Leisure World has many amenities: Tennis courts, basketball courts, billiards, swimming pools, lawn bowling leagues, travel clubs, computer training on site, wood workshop for those who like to make furniture, card rooms with bridge tournaments, travel club, photography club, in house movie theater, state of the art exercise rooms, dance, and yoga, classes and more.









"4" Ball in the Corner Pocket Jacuzzi





Learn the latest dances in Leisure World Dance Studio



Leisure World is a 24 hr guarded, gated, age restrictive community.
Listed is a 3 Bedrooms, 2 Baths, 2 Car Garage, 1464 sq ft., all on one level, neutral carpet, lots of windows, appliances stay and maintainance free for $125,000. Seller is motivated - call today! This property is located in Mesa, Arizona just a few steps from the Superstition Mall, restaurants, and only a quarter of a mile from the freeway. To see this listing, please visit my website: http://www.homes4saleaz.com/


Cynthia Smitherman, ABR, GRI, DB
, VP, AAREB,



Emage` Fine Properties, LLC
http://www.homes4saleaz.com/ 602 697-4487
email me for more listings of Valley wide retirement communities at cynthia@emagehomes.com for a complete list of 55+ Communities.

FIRST STEPS IN PURCHASING A HOME IN ARIZONA

FIRST STEPS TO PURCHASING A HOME IN ARIZONA (edit/delete)
Perhaps you have been thinking of taking the first steps to purchasing a home in Arizona, after all you have been renting apartments for several years. Most people are perplexed as to how to get started and of course the unknown is always daunting. Here is a step by step guide to becoming a successful home buyer:

1. Get counseling from a housing agency: They will teach you how to read your credit report and the importance of your credit score. You will also learn how to avoid predatory lenders, loan delinquency and foreclosure. You will be able to meet one on one with a counselor who will guide you through your first steps in purchasing a home in Arizona from the beginning to the end so when you do meet with your real estate professional and the Lender of your choice, you will be well prepared.

2. Get pre-qualified with a mortgage specialist: It is important to know what your budget will allow in terms of buying power. Your housing counselor will set the foundation for your budget, but your lender will be able to put pen to paper and show you how much you will be paying per month based upon your incoming and outgoing expenses as well as other factors relating to the type of loan you will be receiving. Your Lender will also advise you as to how much money you will need as down payment and closing cost.

3. Choose a city where you would like to live: If you live in a metropolitan city like Phoenix, Arizona, you will have 21 cities to choose from. Your selections may be based upon the proximity to your job, social setting, or school for the children. When selecting the city, you would want to ask your Lender if there are any special city based programs or grants available to help you defray some, or all of your closing cost.

4. Select your REALTOR: There is a difference between working with a REALTOR opposed to working with a real estate agent. REALTORS belong to a national organization that requires a certain standard, and code of ethics to abide by. You will find that nearly all REALTORS have additional training over and above of what is required by the Arizona Department of Real Estate. The additional education is indicated by designations (letters that follows the REALTOR's name in print) such as ABR, GRI, DB, CRS, etc. You will find comfort in knowing your REALTOR is up to date on the rules and regulations that protect your interest. Each REALTOR, as a condition to keeping their license in good standing are encouraged to take education classes each month, however they required to attend a certain amount of classroom hours to renew their license prior to its expiration.

You would want to look for a real estate professional who has experience working with buyers, and will listen to what you want, and not what they want you to have. Purchasing a house is a huge investment, therefore you want to get exactly what you desire, if at all possible. Your real estate professional is trained to guide you through the In's and outs of real estate, she will work closely with your mortgage lender and help you stay within the parameters set by you and the mortgage lender.

5. View homes: With the Internet being readily accessible, you can look for houses in the comfort house before you and your REALTOR actually visiting a house in person. Do not visit homes, or home builders without your REALTOR; and definitely do not sign any documents without your REALTOR being present. Your REALTOR has been trained and approved by the National Association of REALTORS (NAR) and the Arizona Department of Real Estate to practice real estate law as it applies in Arizona. Therefore your REALTOR knows how to point out various items that may be material to your decision making process.

6. Select a home, and submit a contract to purchase. In Arizona the contract is nine (9) pages in length, and contains items that are designed to protect your interest, and to treat the Seller fairly. Of course your Agent would be considered a Buyer's Agent, and will negotiate with the Seller's Agent on your behalf to get you the best deal possible.

7. Upon acceptance of your contract, good faith money, better known as earnest deposit is submitted along with the contract to the title company. The title company will start the process of searching whether or not the home can be transferred from the Seller to the Buyer with a marketable title.

8. Order a home inspection: Your REALTOR will strongly suggest that you hire a good home inspector who will inspect every inch of the home you have selected, and will tell you of the pros an cons of the home. Based upon that inspection, you will decide whether or not you will continue with the purchase, or allow the Seller to correct major issues. Additionally your REALTOR will advise you as to the time lines you are to respond to the Seller for those repairs.

9. Lender Approves the Loan - Your close of escrow is near, the title company has given you a satisfactory report, the Lender has approved the loan and you are scheduled to sign your documents; your pledge to pay, etc.

10. The Loan Funds, you are handed the keys and you have had an easy, wonderful experience.

Now I know you have probably heard war stories about how hard or horrible the home buying process may be. There are many factors that can cause the steps outlined above to deviate. Credit issues uncovered at the last minute, or the Seller not agreeing to repairing the home which may cause you to re-negotiate the offered price on the home. However a seasoned REALTOR is prepared to help you through any hurdles you may encounter.

In a normal real estate market (which is not today's market) it would take approximately 45 days to complete the process of purchasing a home. However in today's market, with so many short sales, and foreclosures, it may take any where from 60-120 days to close on a home purchase.

For more information on the First Steps to Purchasing a Home in Arizona or how to contact a housing ccounselor Call 602 697-4487
Cynthia Smitherman, ABR, GRI, DB, VP, AAREB

Emage` Fine Properties, LLC
http://www.homes4saleaz.com/
cynthia@emagehomes.com
WE CARE ABOUT YOU, AND ARE NOT AFRAID TO SHOW IT!

EDUCATION OPPORTUNITIES FOR MINORITY STUDENTS

Education is the key to success, it is important to be qualified for the type of career you want to pursue. If money is an obstacle to furthering your education, then here is an opportunity; you must act quickly.

Wake Forest University has an opportunity for minority students to attend its MBA program for FREE, and so far, the response has been very poor. Please pass along this opportunity to your friends, families, and networks to see if there is an interest. This is a great school and a tremendous opportunity to attend a top graduate school. See details below. The contact person is: Derrick S. Boone, Ph.D. Associate Professor of Marketing Room 3139 Worrell Professional Center Babcock Graduate School of Management Wake Forest University 1834 Wake Forest Drive Winston-Salem , NC 27109-8758 derrick.boone@mba.wfu.edu http://mba.wfu.edu/ Telephone - 336.758.4475 Fax - 336.758.4514 I wanted to let you know about a great opportunity here at Wake Forest where you can get a FREE education and get PAID while you're doing it. Our Dean of the Schools of Business is the former CEO of PepsiCo and very committed to diversity. He's gone around to his CEO friends, who have agreed to donate a bunch of money to pay tuition and fees, provide a stipend and a job to diverse students. The details are below. The problem is, response to the program has been dismal! As a faculty member, I would be embarrassed for him to have to tell his CEO friends, "thanks so much for your donation, but unfortunately I have to give it back because we couldn't find any students who wanted it." Don't worry about whether or not you have taken the GMAT, etc. All you need to do at this point is JUST APPLY. In business, you have to act when the opportunity is presented and that is now. The Master of Art in Management program is designed specifically for liberal arts majors only. The MA degree program is a 10-month intense study of the basic functional areas of business. After graduation and working for approximately two years, all MA graduates are eligible to apply to Wake Forest as part of the MA/MBA joint degree program and get the MBA in one year. The new dean, Steve Reinemund, has created a new scholarship for diverse students pursuing the MA degree called the Corporate Fellowship. The Corporate Fellowship provides full tuition and a $21,000 stipend to cover living expenses. Additionally, each Corporate Fellow will participate in a practicum. The practicum has two components, educational and professional development. Each student will be assigned a mentor that is a high level executive with his or her sponsor corporation. The mentor will oversee an educational project covering four of the functional areas of business using their own corporation as the ! subject. The student will visit the corporation 3 - 4 times during the program to present his/her results of their research project. Additionally, the "professional development" component of the fellowship provides career coaching and leadership development for the students. The goal for the corporation is to be able to groom and hopefully hire a top candidate from a diverse background for their organization. Of course, there is no obligation that the students accept any offer of employment. Still, the student benefits, even if their sponsor corporation does not ultimately hire them in that they have the MA degree and the type of experience that will make them more marketable.