Looking for a great buy on a home in Arizona? You may want to consider looking at HUD homes as part of your home search in Arizona.

Solutions Real Estate is a HUD approved Broker which allows me to submit an offer on a HUD home for you and get you an answer the next day in most cases.

Most HUD homes in Arizona are priced well below market value and many of them have cash available at closing to cover any needed repairs.

There are currently over 500 HUD homes for sale in Arizona.

Based on the 262 HUD home sales in the last 6 months, the sales are very active with the average market time of just 33 days at an average sales price of just $72,687!


For example, just last month a 2354 square foot, 3 year old HUD home sold in Gilbert for $155,000that had a market value of over $200,000!!

Agritopia is located in Gilbert, Arizona just west of Higley and North of Ray road. Agritopia is a very unique community with tree-lined streets, a community pool, tennis court, homes with front porches and even a community produce farm.

The Farm at Agritopia
Gilbert's San Tan shopping mall is just around the corner and it is convenient to ASU East, Gilbert Hospital and Williams Gateway Airport. Agritopia is also home to some great restaurants like Joe's Farm Grill and The Coffee Shop.

Get the most recent community news from the Agritopia HOA.

Shamrock Estates is a popular community located in south Gilbert just west of Higley and south of Ocotillo roads. Shamrock Estates features several parks, tree lined streets and is home to the CTA - Freedom campus offering higher learning for elementary school children.

Homes for sale in Shamrock Estates

Solutions Real Estate offers a great website to search all homes for sale in Shamrock Estates including 5 bedroom homes, homes with pools, homes with mountain views and more.

Visit www.MLS4ShamrockEstates.com today to see what is currently available for sale in Shamrock Estates.

• Homes with pools
• Homes with 5 bedrooms or more
• Homes with mountain views

Real estate is Shamrock Estates has been very active with 54 sales in the last 6 months. The average sales price of a home in Shamrock Estates is $226,372 and the average size of a home is 2769 square feet.

So just how long does a home buyer have to wait before they can purchase a home again after a short sale, foreclosure or bankruptcy? Well, there are several factors involved but here is a general guideline depending on the type of new loan that is being requested by the buyer.

FHA
Foreclosure 3 yrs
Short sale 3 yrs or less (conditions apply)
Chapter 7 Bankruptcy 2 yrs from discharge date
Chapter 13 Bankruptcy 1 yr


Conventional
Foreclosure 7 yrs
Short sale 2 yrs with 20% down (conditions apply)
Deed in Lieu of Foreclosure 2 yrs with 20% down (conditions apply)
Chapter 7 Bankruptcy 4 yrs from discharge date
Chapter 13 Bankruptcy2 years

VA
Foreclosure 2 yrs
Short Sale no time established (est. 12 months)
Chapter 7 Bankruptcy 2 yrs from discharge date
Chapter 13 Bankruptcy 1 yr

These are the current underwriting guidelines and are subject to change.

Visit my short sale section to view a guide on Buying a home after a short sale

Adora Trails is a brand new master planned community in South Gilbert on the south side of Riggs road between Higley and Val Vista roads. It has wonderful views of the SanTan mountains. This new Taylor-Morrison community is still under construction with home sales just beginning.
Contact me for a tour.

There is something for everyone at Adora Trails with base home prices ranging from $145,000-$230,000. Homes in Adora Trails will range in size from 1300-3500 square feet.

Adora Trails in Gilbert is already home to Charlotte Patterson Elementary in the Chandler Unified School District.

Please contact me for detailed home pricing, floor plans by email or to set up a model home tour. It is very important for you to have buyer representation before you visit the home models for the first time.

Adora Trails has the following community ammenities:

• 4 acre fishing lake
• 12 miles of walking paths
• 10-acre Neighborhood Park
• swimming pool with interactive water play features
• 4,000 square foot Neighborhood Clubhouse
• on-site elementary school
• Basketball courts
• Soccer field
• Baseball field
• Shade structures
• Tot lots
• Ramadas with picnic tables and grills

Visit www.AZPowerRanchHomes.com and search all homes for sale in the community of Power Ranch, located in Gilbert Arizona. The website features Power Ranch real estate broken down by category. You can view homes with pools in Power Ranch and bank owned homes in Power Ranch, just to name a few.

Power Ranch is also home to Trilogy. Trilogy at Power Ranch is an active adult community with a wonderful golf course. You can view golf course homes in Trilogy and all homes for sale in Trilogy on the website as well.

Power Ranch is home to over 4000 homes and covers over 1400 acres of land. It is located in Gilbert Arizona just North of Queen Creek Road and West of Power Road. It features several large parks, a fishing lake and community swimming pools as well as the highly rated Power Ranch Elementary School.Houses in Power Ranch range in price from $110,000 to over $500 thousand.

For more information on Power Ranch, visit their website.

Visit www.MLS4GoldCanyon.com and search all homes for sale in the Gold Canyon, Arizona. The website features Gold Canyon real estate broken down by category. You can view homes with pools in Gold Canyon, Gold Canyon homes with mountain views, Gold Canyon golf course homes, Gold Canyon condos/townhomes, Gold Canyon gated communities, Gold Canyon retirement homes and much more.

Visit www.AZAshlandRanchHomes.com and search all homes for sale in the community of Ashland Ranch, located in Gilbert Arizona. The website features Ashland Ranch real estate broken down by category. You can view homes with pools in Ashland Ranch and large 5 bedroom homes in Ashland Ranch, just to name a few.

Ashland Ranch was built from 1999 to 2004 in Gilbert Arizona just North of Williams Field Road and East of Lindsay Road. It features several parks and greenbelts as well as the highly rated Ashland Ranch Elementary School.

Houses in Ashland Ranch range in price from $140,000 to over $400 thousand. There are 693 homes in Ashland Ranch with over 63%(439) of them having pools. There are 447 single level homes and 246 2 story homes in Ashland Ranch. The average house size in Ashland Ranch is 2570 square feet.

Latest on Mortgage Lenders and Credit Reports
Recently, experts reported that Mortgage Lenders may have to start pulling a second and final credit report just before a homebuyer closes on their new home purchase.

Mortgage giants Fannie and Freddie felt that loan applicants were acquiring debt during the application process and not disclosing it properly.


The final ruling on this issue has come out and it turns out lenders do NOT have to pull a secondary/final report prior to closing. Instead, the original credit report “validity period” will remain at 90 days meaning that the credit report lenders pull in the beginning of the transaction is good for 90 days.


With all of this being said, it is still VERY important for homebuyers not to have their credit pulled AND not to make any purchases that would show up on their credit report until after their home has closed.

It is important to keep in mind that lenders are developing systems such as “FRAUD GUARD” that will help them detect any recent credit activity (such as an auto loan app, new credit card etc…).

In the end, while Lenders will not be required to pull new credit reports, homebuyers may as well act as if they will.

Here is a little bit of the “why” behind this development:

• Over the past year $142 million in auto loan payments that were created during the home loan application process were magically left off of loan applications


• The “missing” auto loans had an average payment of $361 per month – a pretty sizeable payment that could likely push some borrowers over the qualifying edge

Ocotillo is a beautiful community south of Chandler, Arizona. Known for it's beautiful lush landscape and for it's wonderful Ocotillo Golf Resort, this is definitely one of the east valley's most popular communities to live in.

Visit www.AZOcotilloHomes.com and search all homes for sale in Ocotillo, Chandler. The website features Ocotillo real estate broken down by category. You can view bank owned homes in Ocotillo, waterfront homes in Ocotillo, golf course homes in Ocotillo, homes with pools in Ocotilloand much more.

Houses in Ocotillo range from as low as $150k to over 1 Million. If you would like to take a tour of homes in Ocotillo, please contact me.

Don't miss out on the current historically low interest rates and great pricing in one of Arizona's most sought after communities. Contact me today for more information about Ocotillo Real Estate.

Photo ©Florian via Flickr