Stylish 2 bed/1 bath condo with a yard and community pool in small community!

Price reduced!

4221 E. Almeria Road #4

Phoenix, AZ 85008

$35,000

980 sq ft

2 bedrooms

1.5 bathrooms

MLS # 4343643



View More Information On Our Website www.TwinsAndCompany.com!


Immaculate, remodeled 2 level townhome in gated community of only 11 units. Very private location with balcony and small fenced yard. Stylish updating throughout includes a completely remodeled kitchen with new white recessed panel cabinetry, granite-look formica counters, new appliances, new dual basin sink, new fixtures & new pantry. Downstairs walls/ceilings have been re-textured. Armstrong laminate floors in main living area, neutral carpet in bedrooms & on stairs, mosaic hexagonal tile in 1/2 bath. Custom ceiling wainscoting and crown molding in the great room. Downstairs is the main living area & remodeled powder room. Upstairs are the 2 bedrooms & updated full bath. Camelback views from balcony. Attached 1 car carport + 1 assigned spot. 2 yr old water heater and 3 yr old AC motor.
Call 602-908-5801 for more info!






















Offered by



Twins & Co. Realty

Jennifer Hibbard, P.C.

REALTOR, Owner, ABR (Accredited Buyer Representative), CDPE (Certified Distressed Property Expert) GRI (Graduate of Realtor Institute), Eco-Broker, SFR (Short Sale and Foreclosure Resource Certified), B.S. Marketing

View our website at www.TwinsAndCompany.com

E-mail me at Jennifer@TwinsAndCompany.com

New listing: $52,000 2 level N. Central Phoenix townhome with contemporary updates!

NEW ON MARKET!

6030 N. 15th Street

Phoenix, AZ 85014

$52,000-PRICE REDUCED 3/24/10!

1273 sq ft

2 bedrooms

1.5 bathrooms

MLS # 4351198



View More Information On Our Website www.TwinsAndCompany.com!


CDPE short sale


Remodeled townhome with contemporary updating. Downstairs features neutral ceramic tile (2005), a remodeled kitchen with newer oak raised panel cabinetry, soft gray laminate counters, white appliances and updated fixtures (2005), a large updated powder room (2005), great room, dining area and access to the back patio. Dark wood stairs lead to the 2 bedrooms and full bathroom. The full bathroom has been completely remodeled (2005) with Italian porcelain tile floors and shower surround, rich wood counter tops, dual vessel sinks, vanity area and modern accents. Both bedrooms are spacious. 1 bedroom features a built-in desk/vanity and the other features a decorative window seat with storage cabinetry. Private laundry room is located in storage room off the block-walled back patio. Property is within walking distance to Luci's Healthy Marketplace, Richardson's Starbucks, a brand new gym and all of the 16th St and Bethany Home shopping/restaurants. Great location for commuters as well, with easy access to the 51 freeway.

Walkscore: VERY WALKABLE 71 out of 100

http://www.walkscore.com/get-score.php?street=6030+N.+15th+Street+phoenix%2C+AZ+85014&go=Go





































Offered by



Twins & Co. Realty

Jennifer Hibbard, P.C.

REALTOR, Owner, ABR (Accredited Buyer Representative), CDPE (Certified Distressed Property Expert) GRI (Graduate of Realtor Institute), Eco-Broker, B.S. Marketing

View our website at www.TwinsAndCompany.com

E-mail me at Jennifer@TwinsAndCompany.com

Tax consequences and anti-deficiency info on short sales!

Short sales and foreclosures are becoming common place in our market. We are consistently asked questions by owners and agents alike about the Arizona anti-deficiency statutes and the tax consequences of a foreclosure or a short sale and deed in lieu. This article answers the two most common questions we receive.

When do the Anti-Deficiency Statutes Apply?

For the anti-deficiency statutes to apply, three requirements must be met:
1. The property at issue must be a duplex or a single family residence;
2. The real property must be two and one-half acres or less; and
3. The loan at issue must be a purchase money mortgage.

A purchase money mortgage is one where the loan proceeds are used to acquire title to the property. A refinance of a purchase money mortgage is also considered a purchase money mortgage for purposes of the statute. A HELOC that is obtained after the close of escrow is generally not considered a purchase money mortgage.

Assuming all three of these requirements are met, the Arizona anti-deficiency statutes apply. What this means is that the lender’s remedy will be limited to regaining possession of the real property at issue through a foreclosure process or otherwise. If the anti-deficiency statutes apply, even if the amount due to the lender exceeds the value of the property, the lender may not pursue the borrower for the difference or deficiency.


What are the Tax Consequences of a Short Sale or a Foreclosure?

Generally, when a lender is unable to collect the full amount due on a note, this forgiveness of debt constitutes a taxable gain for the borrower. The theory is that the borrower is paying less than the full amount originally received when the loan was funded. Thus, where a lender is collecting less than the full amount due on the mortgage, either through a short sale, a deed in lieu of foreclosure or because of the anti-deficiency statutes, there will typically be a taxable gain for the borrower. The taxable gain is the difference between the amount owed to the lender and the amount received by the lender. Many lenders have been and will be issuing a Form 1099 to borrowers for this debt forgiveness. Under certain limited circumstances the Mortgage Forgiveness Debt Relief Act of 2007 may eliminate the consequences of this gain.


-Christie
www.TwinsAndCompany.com

VERY important changes to short sales coming April 5th, 2010

Hi,

Please watch this video to see how the government is imposing regulations on lenders to cooperate more effectively with short sales. This is VERY exciting & important news for all buyers and sellers involved in short sale transactions after April 5th, 2010!

Click hereto watch this important video!!!!!!

Always make sure you work with qualified agents on your short sale and if you are purchasing one!

-Christie

I thought this was an interesting article about the major fail of the HAMP (Home affordable modification program)

Click here for an article from the Washington Post on Sunday


-Christie

Wonderful short sale and foreclosure resource for Arizonans!

Hi,

I'm so excited that the Arizona Association of REALTORS has compiled this resource for any homeowner in distress to refer to. It can be opened as a .pdf document with clickable links. It is a 'living' document which means you may want to continue referring back to it to see if any of the information contained within has been updated/changed.

Be sure to click on all of the links for the topics. This is such a wonderful resource for homeowners in distress, including those who may want to modify their existing loan, refinance, short sale or give their property up through foreclosure.

As always, if you know of any homeowner in distress or that may be looking for a qualified agent to help them short sale their home, contact us! Always make sure you are working with a SFR (short sale and foreclosure resource) & CDPE (Certified distressed property expert) agent.

Here is the 'Seller short sale advisory'



-Christie Kinchen
Designated broker/owner, ABR (Accredited buyer representative), CDPE (Certified distressed property expert), CRS (Certified Residential Specialist), GRI (Graduate of the REALTOR institute), SFR (Short sale and foreclosure resource)

Twins & Co. Realty
Christie@TwinsAndCompany.com
www.TwinsAndCompany.com
Direct - 602-908-8946