Merrion Square « Phoenix AZ Urban

February 1, 2010

FHA 90 day rule

The recent HUD announcement stated the HUD was lifting the 90 day flipping rule effective 2/1/2010 and will not loan on a property that has not been owned by the current owner for more than 90 days. Until now, the current had to own the property for 90 days before FHA would insure the loan. This is for contracts effective 2/1/2010. It does not apply to contracts or loans already in existance. Again this waiver DOES NOT apply to existing loans or contracts. It applies to new contracts 2/1/2010 and later.

This 90 day waiting period has kept many buyers from purchasing the home they really wanted because they wanted to use FHA financing. Now they will be able to us FHA for many homes and condos in the valley.

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January 21, 2010

Tempe Urban Condos

Filed under: Home Values,Phoenix Urban Properties — Tags: 2010 home values, Abby Lane, Bridgeview, Brownstones, existing homes sales, Legacy Home Mortgage, Merrion Square, Northshore, Orchidhouse, Phoenix condos, Phoenix home values, Riverwalk, Roopho realty — Chris F Campbell @ 2:05 pm

There are many nice places to get a good buy on Urban condos in Tempe, among them is Northshore. This is a great community in a “U” shape so most of the condos have great views of the Tempe Townlake and pool area. Northshore has wonderful floor plans with balcony’s that are worth having and not those little balcony’s that you can only walk on. There is plenty of shopping just outside the front door and you’re only a mile from the Tempe Market Place. Not to mention, you’re just across the lake from ASU so it’s perfect for student and faculty alike.

Then there’s also Brigeview, a luxury high rise condos with all the extras. Located on the Southside of the lake and just a short walk to the ASU Sun Devil Stadium, this is one of Tempe’s newest and best communities. All the units have high-end finishes like granite counter tops and upgraded flooring. There’s an exercise room and a beautiful pool area. Walking distance to the Light Rail and Mill Ave not to mention, ASU.

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