WOW – Owner says sell. Reduced to Below Appraised Value at $165,000 as of June 5th, 2011. Take a look at this wonderful winter retirement home or investment property in Ventana Lakes in the Northwest Valley of Phoenix. Located in the retirement community of Ventana lake, this vacation property is close to everything; shopping, freeway, golf courses, catch and release fishing, it’s all here in Ventana Lakes. This home is perfect as a retirement winter vacation destination in Arizona or investment property. Take a look at some of the photos below and visit our Arizona Winter Homes Site for more details.
Wonder were all that banking stimulus money went? Did you, the homeowner, receive any? Wonder what the banks are doing with all that tax paper money? Check out this video below from a Florida court case involving one of the nation’s largest banks and a homeowner that paid cash for their home. At least us commoners get sweet justice once in a while.
As many of you know, I specialize in real estate in the retirement markets of Sun City, Ventana Lakes, Westbrook Village and Vistancia. Our community is home in thousand of retirees from all over the country and different walks of life. Retirees are actively involved in their community – volunteering at Habitat for Humanity, food banks, animal shelters etc….. Many retirees have found a way to keep busy by working at Walmart. I was sent this email I’ve posted below by a retiree living in Phoenix and found it a thought provoking article. We all have some type of story or history, and we should all remember that when meeting new people where ever we are in this world. Enjoy
WAL-MART SENIOR GREETER
You just have to appreciate this one. Young people forget that we old people had a career before we retired……
Charley, a new retiree-greeter at Wal-Mart, just couldn’t seem to get to work on time. Every day he was 5, 10, 15 minutes late. But he was a good worker, really tidy, clean-shaven, sharp-minded and a real credit to the company and obviously demonstrating their “Older Person Friendly” policies.
One day the boss called him into the office for a talk.
“Charley, I have to tell you, I like your work ethic, you do a bang-up job when you finally get here; but your being late so often is quite bothersome.”
“Yes, I know boss, and I am working on it.”
“Well good, you are a team player. That’s what I like to hear.”
“Yes sir, I understand your concern and I’ll try harder.”
Seeming puzzled, the manager went on to comment, “It’s odd though your coming in late. I know you’re retired from the Armed Forces. What did they say to you there if you showed up in the morning so late and so often?”
The old man looked down at the floor, then smiled.
He chuckled quietly, then said with a grin, “They usually saluted and said, ‘Good morning, Admiral, can I get your coffee, sir?’”
Looking for homes for sale in Ventana Lakes? There are many resale homes from which to choose. Check out the Ventana Lakes listing below. You’ll love the layout and quite backyard. This 2 Bedroom + Den, includes gas fireplace, attached garage cabinets, garage access door to back yard. Comes equipped with dishwasher, range/oven, microwave, refrigerator, walk-in master closet, back yard tool shed, water softener, and easy to maintain desert landscaping. Take a look at the Ventana Lakes Community amenities below and photos of this wonderful home in Ventana Lakes. Give Kyle Wood with New Venture Realty a call to schedule a viewing of this great opportunity to own your retirement home in Ventana Lakes Retirement Community. 480-297-8079.
Ventana Lakes in Peoria Arizona is a wonderful age restricted community. Ventana Lakes was designed for Active Adults in mind. Current prices of resale homes range from $110,000 to $300,000. There are 21 separate floor plans in this 480 acre planned adult community. With 9 separate lakes that offer catch and release fishing, this is one community you will want to consider when searching for your perfect retirement home.
Amenities of Ventana Lake include 9 beautiful lakes with water falls, catch and release fishing, 4 pools and spas – two of which are heated during the winter months. Ventana Lakes has year round activities in their community recreation center. Homeowners have access to fitness center, library, T.V. Room, Sauna and Steam room, billiards and cards room, crafts and quilting, handball courts and ballroom. For those that prefer athletic events at Ventana Lakes, the community offers basket ball, shuffle board, bocce ball, pickleball, valley ball, water volleyball, horseshoes, croquet, and water aerobics.
The Ventana Lakes HOA also offers excursions to many of the indian casinos, stage show, and many other events across the valley
Home for Sale In Ventana Lake, Peoria, Arizona – Active Adult Community. Call us for more information on this wonderful home on located at 10774 W. Tonopah in Ventana Lakes. Also see below a video tour of 10774 W. Tonopah on our Arizona Kyle Real Estate Video Channel.
Want to see where all foreclosures have taken place. Google has now provided a way to map all foreclosures in the U.S. Check out the link below by “The Big Picture Blog” that will show you how to map u.s. foreclosures
A FRIGHTENING SATELLITE TOUR OF AMERICA ‘S FORECLOSUREWASTELANDS!
RealtyTrac http://www.businessinsider.com/blackboard/realtytrac> is out with the total foreclosure numbers for 2010 <http://www.realtytrac.com/content/press-releases/2010-year-end-us-metro-foreclosure-report-6317> .
On the whole things are getting worse. And nobody from Wall Street has gone to jail.
72 percent of major metro areas saw an increase in foreclosure volume.
Although some of the worst hit areas in Nevada , California and Florida improved from 2009, the foreclosure rate in these areas remains shockingly high.
If not for some foreclosure suspensions due to the robosigning scandal, these numbers would have been higher.
For a frightening way to visualize the foreclosure crisis, we’re borrowing a Google <http://www.businessinsider.com/blackboard/google> maps technique described by Barry Ritholtz www.ritholtz.com/blog/2010/12/google-map-foreclosures/> . 20) Boise , Idaho — 1 in 21 homes in foreclosure (The red dots show foreclosures)
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 19) Sarasota , Fla. — 1 in 21 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 18) Lakeland , Fla. — 1 in 21 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 17) Tampa , Fla. — 1 in 20 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 16) Port St. Lucie , Fla. — 1 in 19 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 15) Sacramento , Calif. — 1 in 19 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 14) Naples , Fla. — 1 in 18 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 13) Deltona , Fla. — 1 in 17 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 12) Bakersfield , Calif. — 1 in 17 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 11) Reno , Nev. — 1 in 16 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 10) Vallejo , Calif. — 1 in 16 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 9) Orlando — 1 in 15 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 8) Merced , Calif. — 1 in 14 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 7) Stockton , Calif. — 1 in 14 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 6) Riverside , Calif. — 1 of 14 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 5) Miami — 1 in 14 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 4) Phoenix — 1 in 14 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 3) Modesto , Calif. — 1 in 14 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 2) Cape Coral , Fla. — 1 in 12 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. 1) Las Vegas — 1 in 9 homes in foreclosure Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. BONUS: USA — 1 in 46 homes in foreclosure
Image: Courtesy of Google Maps Note: The reddots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010. Unfortunately, prices are still dropping.
So I wanted to talk a little bit today about the HomePath Financing offered by Fannie Mae. I was helping clients find a home here in the Northwest Valley of Phoenix. We must have looked for 8 days nonstop. We finally found one yesterday that met their needs; pool, 3 bedrooms, 3 car garage, nice open floor plan with upgrade tile – a really nice house.
Well, my clients are retired, only income is Social Security and brokerage investment income. The house we found is owned by Fannie Mae – bought at a trustee’s sale. For those of you who do not know about Fannie Mae – Fannie Mae is a publicly traded corporation that works in the secondary mortgage market. It was chartered by Congress and is sponsored by the U.S. Government whose mission it is to provide liquidity, stability and affordability to the U.S. housing and mortgage markets.
Well, Fannie Mae offers what is called their HomePath program. HomePath is only available on Fannie Mae owned properties and only on selected properties. There are currently 2 HomePath Programs currently that are of real benefit to home buyers. We will talk about HomePath Mortgage today.
The first is HomePath Mortgage:
HomePath Mortgage has the following benefits for home buyers.
Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only).
Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
No lender-requested appraisal.
No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
Expanded seller contributions for closing costs allowed.
Available for primary residences, second homes and investment properties.
Many condo project requirements are waived; ask your lender for details
These are all really good benefits for home buyers. No appraisal cost, no mortgage insurance cost, seller contributions allowed, and you can even use HomePath mortgage if you are buying a rental property for investment purposes.
Why all the benefits you ask? Isn’t this type of financing what got us into trouble in the first place? Well I look at it from a business point of view. So, two reasons.
1) Fannie Mae does not want these properties on their balance sheet. Remember these homes went into default. Fannie Mae basically guaranteed the mortgage for the lender. So when the home owner defaulted on the mortgage, Fannie stepped in and bought the property at a trustee’s sale. Now Fannie is stuck with the home. The benefits offered by the HomePath mortgage are designed to move the house quickly off the market and off Fannie’s balance sheet.
2) Reason two is the economy is in extreme distress because of the shere number of homes owners in mortgage default and those that have already gone into foreclosure. These foreclosed properties now sit vacant, become a blight because of neglect and contribute to the decline in home values for all of us – there is too much inventory on the market. It’s a matter of simple supply and demand. It’s vicious cycle. The benefit offered by HomePath mortgages are designed to get these homes off the market, decrease supply and help stabilize home prices in the community.
So if you are thinking of purchasing a home or investment property, now is the time to do it. The HomePath Mortgage program is only available until June 30th. For more information on the HomePath Mortgage program visit the Fannie Mae HomePath Mortgage Site. You can also call our in house mortgage broker Steve Johnson with Flex Mortgage for more questions on financing options he can be reached 623-889-3665
Corte Bella was designed by retirement community developer Del Webb with the idea of providing an active adult community with upscale social amenities. Some of these amenities include narrow tree-lined streets that provide for a more casual atmosphere, fountains, flowing court yards, walking paths and upscale community centers.
The community of Corta Bella includes the Anacapa Restaurant, fitness center, community pool and day spa. And, of course, Corta Bella has one the finest golf courses in the Northwest community of Phoenix. Click of the Corta Bella Homes for Sale Link.
Kyle J. Wood
Realtor
New Venture Realty
480-297-8079
Looking for a rental home in the Phoenix Metropolitan area? Look no further. Here some great rental opportunities to escape the cold of the Midwest. Have a look at the pictures below and contact Kyle Wood at New Venture Realty for more information at 480-297-8079 or visit our Arizona Real Estate website.
WOW – Owner say’s sell. Reduced to $190,000. Take a look at this wonderful winter retirement home or investment property in Ventana Lakes in the Northwest Valley of Phoenix. Located in the retirement community of Ventana lake, this vacation property is close to everything; shopping, freeway, golf courses, catch and release fishing, it’s all here in Ventana Lakes. Need a home for the winter or an investment property, you should see this home. Take a look at some of the photos below and visit our Arizona Winter Homes Site for more details.
Winter Homes for Sale In Arizona 
