Have you been having problems deciphering the information regarding loan modification or other assistance regarding your Tucson Real Estate? If so, you are not alone.
In recent years, homeowners have continued to look for alternate methods of dealing with troubling issues regarding their home ownership. Whether it be looking to modify their existing home loan and stay in their homes. Or if they were looking at a short sale of their home or potentially a deed in lieu of foreclosure to leave their current home without foreclosing.
Of course with so many homeowners looking for information, it has often times been difficult to decipher credible information, from rumors to potential scams and this has often times made the issues homeowners face more difficult to navigate.
However, Fannie Mae, the government-backed mortgage agency recently launched a comprehensive website that aims at providing a single starting point for homeowners looking for assistance, which can be found at: http://www.knowyouroptions.com .
In reviewing the website, it appears to have a good mixture of information that includes information about options to both stay in your home and, as well as options for leaving your current home. As well as additional resources and link from a credible source.
Overall this is a good starting point with as many homeowners loans that Fannie Mae actually does own, though perhaps a bit well overdo. As more information becomes available we will of course share that with you as well.
The information above was received from http://www.strategicmtgaz.com.
Owning Tucson Real Estate requires maintenance. Keeping your property well maintained adds value not only to your own property, but also to the entire neighborhood.
An important thing to consider in home maintenance is where the AC condensate water is going. If it is not going where it belongs, it could be causing problems elsewhere. Mark Andrews with H&A Services (a home inspection company) has a great story regarding under slab water leaks in his August 2010 Newsletter:
We have covered this topic in several newsletters but we see issues weekly. Since the consequences of condensate drain failures can be very expensive (water damage, mold, etc.), this topic is worth covering again.
Condensate 101: AC systems squeeze moisture out of the air resulting in cooler and drier air. This moisture (called condensate) drains off of the evaporator coil and into a pan. A drain line from the pan carries the condensate to the building’s exterior (95% of the time) or into the homes waste system.
Here’s what you need to know:
The location of the air handler/evaporator coil for each AC system:
-Packaged units: System is one piece and evaporator coil is in the unit
-Split systems: System is two pieces and evaporator coil/air handler may be in the attic, garage, hall or exterior closet
The location of the condensate line termination:
-Roof mounted packaged units: At the roof edge or into a plumbing vent
-Attic air handlers: Through the home’s exterior wall or into a plumbing vent or plumbing waste pipe
-Hall or garage closet: Through the exterior wall or pumped to a plumbing waste pipe
– Exterior closet: Through the exterior wall
Your Job: When the AC units are operating, is condensate water flowing to its designed termination? This simple task is important and needs to be checked regularly. If you have pipes through the side wall, are the low pipes dripping when the system is operating? Caution; if you have a high and a low pipe on the exterior wall with water dripping from the high pipe, your primary line is blocked!
Why do condensate drain systems fail:
-Bugs build nests in pipes (enter at the pipes termination)
-Dirt, dust, and debris block entry to the drain pipe (at the pan)
-Condensate pumps stop working
Remember to keep your Tucson Real Estate maintained.
Who is to blame for the economy? Here is what Richard Blair from Smart Financial Mortgage had to say in a recent email:
n looking at the economy and what will snap us out of what has evolved from a recession to long-term “doldrums,” there is a lot of finger pointing going on. We are not talking about politics here because finger pointing by politicians is not news. Many have pointed to real estate as the culprit as the collapse of the real estate boom led us into recession. The shift then moved to consumer confidence. Until consumers are confident and start spending, the economy won’t recover. Lately, it has all been about employment, because at some point companies need to start hiring again. All of these are factors. This is from a recent Fortune article: “Personal spending, in fact, has kept pace with the economy, accounting for a steady 70% of GDP before the recession, during the depths of the crisis, and into today’s slow recovery. Spending by companies on everything from buildings to new equipment to software has risen steadily since 2009, but it’s still below the ratios prior to the recession.”
Indeed, the Labor Department reported that worker productivity fell 0.9% in the second quarter. That’s the first decline in eighteen months and may be a sign that employees have finally gotten to the point where they are simply stretched too thin. Working harder for less money? No wonder consumer confidence is down. From CNN/Money: “What’s happened is a lot of U.S. companies have reached the limit of how much they can slash their workforce and work existing employees to the bone,” said Nariman Behravesh, chief economist with IHS Global Insight in Lexington, Mass. “At some point, even weak spending growth will require businesses to hire more people to meet the demand.” Businesses are not hiring because they are not confident. Don’t expect consumers to be confident until businesses start hiring. Another vicious cycle and one we need to start breaking out of soon if we expect to escape the doldrums.
The weekend is upon us and it is time to decide what to do with your precious time off work. Better yet, looking for a way to cool off from the summer heat? Why not try Summerhaven.
The area where this small community on the top of Mount Lemmon stands has been a Tucson summer haven for over a century. In 1906, the trail that the Native Americans had used to reach the summit was improved in a push to make the mountain more accessible. In 1909, Jim Wesfall and his wife, Lita Camacho had a log structure built to entertain guests and called it the “Maricopa Lodge.” At the time, of course, it took the whole day to reach the top. Now, it is less than an hour from the intersection of Tanque Verde and the Catalina Highway, that is if you drive straight up and choose not to stop and enjoy the scenery along the way. There are many summer events in and around Summerhaven to keep your family occupied. You can take a summer ride on the ski lift in Ski Valley for around $9.00. You can have a meal at the Irondoor Restaurant and desert at the Mt. Lemmon Cookie Cabin. You can hike the numerous trails along the trip to the summit. You can camp overnight at the Rose Canyon Campground. You could even go fishing in one of the few places near Tucson where this activity is available, Rose Canyon Lake.
Of course, you don’t have to limit your Summerhaven activities to just the summer. Remember, the closest place to snow ski near Tucson is Ski Valley.
So this weekend, while taking a break from the search for your perfect Tucson Real Estate, check out Summerhaven.