Phyllis Borchardt West Maricopa County Real Estate
     
Phyllis Borchardt
   Creating Repeat and Referral Business One Satisfied Client at a Time!



Phyllis Borchardt

Arizona Real Estate Today


I welcome the opportunity to assist your plans to purchase a home in the Valley of the Sun:

  • From world-class resorts, spas, shopping, golf courses, renowned restaurants and vibrant nightlife, the 2,000-square mile Phoenix Metro area has it all!
  • Set against the breathtaking backdrop of the Sonoran Desert, Phoenix offers a wide array of sports, hiking trails and other outdoor activities
  • Learn about Old West and Native American history while visiting many interesting museums and galleries, such as the Phoenix Art Museum and the Heard Museum
  • Have some family fun and enjoy a Phoenix Suns, Phoenix Mercury, Arizona Diamondbacks or Arizona Cardinals game. 

Looking for information about BARGAINS, FORECLOSURES in west valley communities simply give me a call or email me and request a list for your consideration.  Today's available properties in Maricopa County offer prices that make purchase of a home for First Time Homebuyers and all interested in an opportunity to purchase for long term appreciation very affordable.  Funding is available for those interested in purchasing Distressed Properties to assist with the repairs that are needed in some cases.

FirstTime Homebuyer Assistance programs are currently available from some of the cities in SW county. HUD Neighborhood Stabilization Community Grants may increase available funding in the coming months. Please contact me for information regarding application and educational requirements.

 

MAKING HOME AFFORDABLE

March 5, 2010

Update on HFA Hardest-Hit Fund

Download the Proposal Guidelines here

Download the Frequently Asked Questions (FAQ) here

WASHINGTON, DC -- Today, the Obama Administration released the next steps in the recently-announced Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets ("HFA Hardest-Hit Fund").
On February 19, 2010, President Obama announced additional funding for innovative measures to help families in the states that have been hit the hardest by the aftermath of the burst of the housing bubble. States where house prices have fallen more than 20% from their peak are eligible for this funding. Those states are Nevada, California, Florida, Arizona and Michigan. The HFA Hardest-Hit Fund will help housing finance agencies ("HFAs") in these states further respond to the most pressing problems in their communities. HFAs have an understanding of the most urgent local challenges and an ability to address them expeditiously. For that reason, the Obama Administration has committed $1.5 billion in funding under the Emergency Economic Stabilization Act of 2008 ("EESA") to help HFAs expand their assistance to struggling homeowners and innovate new ways to address housing challenges.
Today the Administration released detailed guidance for eligible HFAs to submit program proposals for funding. The HFA Hardest-Hit Fund is designed to allow the maximum possible flexibility to eligible HFAs in designing programs that are tailored to the needs of their state. Today's guidance provides instruction to HFAs to ensure that program proposals meet basic guidelines and comply with the purposes of EESA. All programs must protect home values, preserve homeownership, promote jobs and economic growth, and provide accountability to the public.
Funding allocations were also released today based on a formula to provide relief in direct proportion to the scale of each state's housing challenges. Funds have been allocated based on home price declines, unemployment rates, and mortgage delinquencies.
Eligible HFAs may submit program proposals to the Department of the Treasury up to the April 16th deadline, after which the review period will begin. Treasury will provide additional updates to the public as the program progresses. 

 

Fannie Mae announces First Look Initiative

To provide owner occupants and public entities an advantage in purchasing Fannie Mae-owned foreclosed properties, Fannie Mae has created the First Look initiative. With First Look, only offers from owner occupants and buyers using public funds are considered during the first 15 days a property is on the market. Offers from investors will be considered only after the first 15 days have passed.
"First Look provides owner occupants  an early opportunity to purchase one of Fannie Mae's Real Estate Owned properties," said Terry Edwards, Executive Vice President for Credit Portfolio Management at Fannie Mae. "As a result, we believe First Look will help us make progress toward stabilizing neighborhoods and building stronger communities in this difficult market."
In addition to First Look, buyers using Neighborhood Stabilization Program (NSP) funds from the U.S. Department of Housing and Urban Development's (HUD) Community Development Block Grant (CDBG) program, HOME Investment Partnerships Program funds from HUD, local housing trust funds, or charitable foundation funds may also qualify for the following benefits:
  • Deposit Waivers - Fannie Mae will waive the earnest money/deposit requirement for public entities using public funds to purchase a Fannie Mae-owned property. Individual homebuyers who have qualified for public funds and want to purchase a Fannie Mae-owned property do not have to meet the usual earnest money/deposit requirement. Deposits for these buyers can be as low as $500.
  • Reserved Contract Period - Upon receipt of an acceptable offer, buyers have the ability to renegotiate their offer after obtaining an NSP-required appraisal.
  • Extra Time for Closing - Buyers receive up to 45 days to close — 15 days more than is usually permitted for purchases of Fannie Mae-owned properties.

As a buyer, you now have plenty of choice, as well as the upper hand in negotiations. You also still have the benefit of low interest rates andvery affordable home prices.

 

 

You can't be sure that a house you buy today won't lose more value before prices recover, but if you can pay well below what sellers were getting last year, you've already built in a comfortable cushion against price drops.

Free yourself to act fast.   Contact a lender and obtain a pre-approval for your home purchase. This will provide you with a price range for your home purchase and of equal importance when you identify a home you will be in a position to make the strongest offer possible. If you need suggestions on lenders please give me a call or simply respond to this email and I will be pleased to share some contact information for lenders that have been most helpful to my clients.

Know how strong you are. The longer a house has been for sale, the more powerful your position as a bidder. "Time on market is a good indication that someone is likely to be really hungry." Please feel free to contact me for the full details of a home's listing history, complete with time on market and any asking-price changes.

 


Backyard Composting


 

couple_rakeleaves.jpgThe Basics
The microbiological process that creates compost is the natural process through which plants and other organic wastes are broken down. Doing the work of creating compost are worms, insects, fungi, bacteria, and other microorganisms that help to process dead materials.

The Golden Rule of Composting
Composting is a natural process that will pretty much happen no matter what. There is no need to obsess over creating a rapid, robust compost because even a failed compost heap will eventually succeed. That said, a very effectively created compost heap will proceed to finished compost much, much more quickly (and can be a strangely rewarding accomplishment).

The Requirements
For the composting process to occur, oxygen, water, some warmth, and a good ratio of carbon-based to nitrogen-based materials are necessary. Fortunately, every one of these materials is abundantly available and should be essentially free!

The Bin
Many different compost bins are available, for many different prices (naturally). In fact, many cities offer conservation incentives through which they offer bins at highly discounted rates. Which one should you get? Here’s the beautiful thing – it really doesn’t matter. You will run into trouble if your bin is too small, but otherwise, any old container will do. In fact, no container at all is just fine too! Some of the best compost heaps are just that – a heap in a corner of the yard with a small enclosure or picket fence to keep things looking tidy.

The Ingredients
The insects and microorganisms that do the work of composting will come no matter what you do. Fortunately, putting out the right combination of nitrogen- and carbon- based materials will be like offering them a free all-you-can-eat buffet. Carbon-based materials to add to your compost should be available in abundance. These are the brown materials such as dead grass clippings, leaves, and even shredded cardboard. Nitrogen-based, or green, materials, can take the form of fruit peels, green grass clippings, and food wastes (avoid adding dairy and meat wastes). The ideal ratio for your compost is about 30 parts carbon to 1 part nitrogen, but anywhere in that neighborhood will work just fine.

The other two ingredients you will need to ensure a speedy process are water and air. Because the center of your heap will retain a great deal of water, the compost should not need to be wetted very often except during dry spells.

Oxygen is introduced by turning the compost (a pitchfork works best) about once a week, or when the compost slows down.

What (you hope!) Will Happen
If you have built a heap with a good carbon to nitrogen ratio, and one that’s sufficiently damp and oxygenated, the composting process should start immediately. After a while (approximately a day), when the process peaks, the center of your pile will be producing heat (sometimes a surprising amount of heat!). It is up to you whether you want to completely compost a batch of wastes and then start over, or simply add wastes as they become available. When the center of the pile cools, the process has slowed and it’s probably time to turn your pile. Repeat until you’ve got nothing left but black gold.

The Product
When your compost has been – well – composted – what will remain is a moist, black, sweet-smelling mulch approximately the consistency of soggy cardboard. Nature’s most potent fertilizer, compost can be spread on your flowers, in your garden, on your lawn, and anywhere else you want healthy, strong plants.

Skip the trash can for some of your waste – six weeks in your compost heap can break down more material than six years in a landfill – and the end result is free, natural fertilizer for your efforts!

Happy Composting!

 

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