Well, yes we’re well on our way to 100 years old, and as Arizonans we need to admire the past while we look towards the future.

Over the last 50 years, Phoenix has grown exponentially bringing on many economic, environmental, and social challenges. To cope with our growth, we need to constantly be looking for ways to innovate, maximizing resources and minimizing waste, while making the city more livable. Lower Grand Avenue is brimming with potential and possibilities

The City of Phoenix Parks and Recreation department along with several other government groups and community organizations, including the Grand Avenue Merchants Association, has been chosen by the  U.S. Environmental Protection Agency Greening America’s Capital program are  to develop a revitalization concept for Lower Grand Avenue. And you’re invited!

A local consultant group, Plan-et has been hired and will hold a three day design workshop with the community to help re-imagine I-10 overpass to Van Buren Street/7th Avenue. Lyssa Hall, Landscape Architect for the Parks and Recreation Department, said that the “architectural assets of grand ave” make the area a perfect spot to incorporate “realistic revitalization goals, working with whats already there, so people can enjoy Grand Ave.”

The 3 day workshop will include strong community involvement to find short and long term reachable goals for the area.

Lyssa expects between 50-70 members of the community to join them for the event, but she wants you ALL there in hopes of inviting political and partnership interest.  The event is February 28th, 29th, March 1st so mark your calenders and look out for more info from the city of Phoenix.

Kick off Meeting: 6 – 8 p.m. on Feb. 28
Public Open Houses: 6 – 8 p.m. on Feb. 29
Open Studio: 9 a.m. to 6 p.m. on Feb 28 through March 1

I see it more and more everyday. The housing inventory in Phoenix is shrinking and buyers are looking to make offers and get approved as quickly as possible. But for new or first time home buyers the steps to approval can be foreign and slow down the process, which is the last thing you want in this market.

But have no fear! Jeannie’s here!

It’s important as a home buyer to get pre-approval to expedite the process. In short: you want to have a pre-approval letter in hand before you even step foot in a potential home.

Now don’t get confused between pre-qualification and pre-approval.

A mortgage loan pre-qualification is simply an estimate of how much house you can afford and how much money a lender would be willing to loan you. This can be done over the phone in 10-15 minutes by providing information on your income, assets, debts, and a potential down payment amount.

A pre-approval takes more time, but can be just as easy. Getting pre-approved means that you have a tentative commitment from a specific lender for mortgage funding. You provide a home loan lender  with all that fun financial information you probably keep in a drawer in your house (tax returns, pay stubs, assets, debts, etc.) They will run a credit check and work to verify all your employment and financial information. Jeannie can take care of this with you in about an hour in her office.

In the house-buying process, the benefit of being pre-qualified or pre-approved is twofold. Not only do you have the added comfort of knowing what you can afford, the seller may also accept your offer over another if you are pre-approved and the other party is not.

So what are you waiting for?! Please call Jeannie Bolger, Sr. Loan Officer for more information.

Or call me for more information about the market: 602-456-9388.

These piñatas are for viewing not for whacking. Let’s just get that out of the way first.

Otherwise, attention artists, non-artist, children, adults, people who love candy, and community members at large! The annual Mutant Piñata Show is back and I encourage all of you to enter your best piñata for the ultimate grand prize of having your work displayed to the local Phoenix community to view. The Bragg’s Pie Factory is hosting the ever so popular annul Mutant Piñata Show for the 5^th year now.

This exhibit is to display the creativity that lies within Phoenix; the exhibit will be comprised of whimsical and wacky piñatas created by locals. If your work is sold, you will receive 70% of the purchase price. Come down to the Bragg’s Pie Factory the first and third Friday of March and April to see this vivid spectacle for yourself, the best part is there is absolutely no entry cost so the more the merrier. Last year there were over 100 entries and the Bragg’s Pie Factory is hoping to exceed that number this year.

All entries must be in by March 1^st, 2012 so start getting in touch with your inner piñata artist and spreading the word to your friends and family.

We all know how important downtown growth is for our economy. As you can probably tell from this blog, I’m a big fan of Green Vendors and sustainable growth downtown (even if the term “green” has been around more than Kim Kardashian).

This image is from 2010 Green Build Conference. I just wanted to show off that I met Ed Begley Jr. Yep, I'm a total renewable energy dork.

Well, if your a pro-environment, sustainable vendor in the city of Phoenix, Green Team is pleased to present the Green Vendor Showcase of Opportunities on Feb. 9

This event is a chance for vendors to work with the city’s EPP Program as well as get one-on-one interaction with some of the city’s department big wigs and discuss new opportunities for the city to make greener choices. And better yet, there’s no cost to participate! But you have to work fast. Vendors need to register but January 31st, (as in tomorrow!) by the end of business hours at the office of Environmental Programs. You can Call 602-256-5669 to register and ask any questions.

Want to just stop by and see whats new in the world of sustainability? Well, you can check out the first annual “We Love Green Vendors” showcase on 2/9 from 9:30-11:30 am in the atrium of Phoenix City Hall, 200 W. Washington St.  The event is free!

Y’all might remember my listing at 90 West Virginia. It is the 1930s Fairhope School, newly renovated to a 4,100 square foot home. This is the flagship property in the famous Willo Historic Neighborhood.

Here is the original blog post about it.

Well, the price has just dropped to $750,000! This is an incredible price for a luxury home of this historic significance and quality. This home was awarded best historic restoration of 2009 by the Phoenix New Times.

Stay tuned for notices about open houses. We don’t open this house to the public often, so please drop by to see it!

Mix 60% road race and 40% Joseph’s Technicolor Dream Coat (minus Donny Osmond) and what do you get?

The Color Run!

This weekend, just a hop and a skip from downtown phoenix,  the annual Color Run 5k will be happening in Tempe.

Don’t worry non-runners, the 5k is a fun run for all levels of athleticism. Runners will receive custom Color Run race shirts, a bag of Color, race number, “Color Runner” finisher sweat band, donation to local charity, and Sponsor Goodies. There’s only one rule, wear white. Why? Oh because you get covered in paint along the way! Each kilometer of the event has a designated color.   As the runners/walkers hit the KILOMETER COLOR ZONE, they will be dusted with COLOR.

Don’t worry, it’s for a good cause. All the proceeds from the 5k go to Cardon Children’s Medical Center in Mesa. After you cross the finish line you be invited to a post-5k party with bands, food, and more. Non-runners can join too, but be warned, there’s a good chance of walking away covered in paint dust.

The annual Color Run is going down at Tempe Beach Park in Tempe, Arizona on Saturday, 28 January 2012.

Insert “woe is me moment”: I’m soooo bummed I can’t run this. I’m still nursing an injury from my Grand Canyon run in November!

Good News for home owners in distress!

And by “Good News” I don’t mean some shady scheme to short sell your house to an off-shore corporation in the Caymen Islands.

Fannie Mae is introducing an Unemployment Forbearance program which provides assistance to borrowers dealing with unemployment.

These loans will allow the borrower to receive a reduction or suspension of their monthly mortgage payment for a specific period of time and will prohibit services from foreclosing on your property.

A mortgage loan is eligible for an Unemployment Forbearance if all the following criteria are met:

• The property cannot be vacant, condemned, or abandoned.
• The mortgage loan cannot be an FHA, VA, or Rural Housing mortgage loan.
• The property must be a principal residence. Second homes and investment properties are not eligible.
• The borrower may be either delinquent or default is reasonably foreseeable.
• The borrower must have a financial hardship due to unemployment.

The Forbearance will be canceled if:

• Any of the eligibility criteria and terms stated above are no longer met.
• The borrower advises the servicer that he or she has become employed or is no longer actively seeking employment.

If you need more information contact Jeannie Bolger with Nova Home loans.

For those of you unable to attend last nights sustainability event downtown, you missed out on a panel of exceptional experts, conversation, and ideas to benefit our city.

The George Washington Carver Museum and Cultural Center was filled with almost 400 community members. The forum was filled with heated debate but after all was said an done, the panelists encourages more community and individual involvement to reach solutions.

So What can you do? Well here are a few ideas:

• Install Solar panels – A great way to take advantage of the Arizona Sun and cut down on energy usage. This can be a pricey investment, but with incentive programs and leasing options, it is worth it in the end and may add value to your home.
• Green Remodeling and Demolition – looking to fix that fixer upper? A local green demo and remodeling service for residential homes can be a great way to make a green friendly decision.
• Green Landscaping – You don’t need to be a botanist to know your lawn needs water to survive in Arizona. Choose plants that thrive in our climate or find an ecofriendly landscaper to find them for you.
• Use a Paperless system at your business – If every U.S. home received and paid its bills online, annual greenhouse gas emissions would drop by 2.1 tons. Seriously
• Unplug electronics, battery chargers and other equipment when not in use – Taken together, these small items can use as much power as your refrigerator.
• Bring reusable bags to do your grocery shopping. – Or bring your old plastic bags to the store, they’re not helping anyone under your sink. Some stores even give you 10 cents off your groceries for every bag you bring.

So get started today! And check out the Environmental Sustainability Programs Phoenix had developed to help us become one of the country’s leaders in sustainability!

Many people recognize this upcoming Monday, as a day off from work. But really its a celebration of Martin Luther King Jr., a man who did great things for our country.

If you want to celebrate the right way, HandsOn can help. HandsOn Greater Phoenix is a great NonProfit in Downtown Phoenix that serves the community at large. Every month, HandsOn offers more than 60  diverse, high-impact, one-time community service projects. Martin Luther King Day is a large-scale special days of service for them.

This Monday at 2 p.m. you can head to Fair Trade Cafe & Gallery at Civic Space Park for Eat, Dream, Share. There will be music, poems, songs, laughter, ideas, food and to share personal expressions of how Martin Luther King Jr. impacted your life. And it’s like a pot luck. Participants are asked to bring a dessert to share. If you’re bringing the kids (who have the day off too!) There’s an  spoken word and musical performances by Queen of Queen’s Band Project, Miouo Nance the poet & The Positive Vibes from 6:30 PM-9:30 PM at the A.E. England Building Civic Space Park.

If you’d like to get a jump start on your weekend, HandsOn with also be hosting a 16+ Mural Revitalization this Saturday from 8-12 updating a 1998 mural on 16th Street.

Spots fill quickly, so contact them today and celebrate.

Good news for you Downtown Phoenix home renovators out there.

In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, the Federal Housing Administration (FHA)  has extended the FHA 90 day flip rule temporary waiver of the anti-flipping regulations. The extension will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. The extension  will continue through December 31, 2012, unless otherwise extended or withdrawn by FHA.

The waiver contains strict conditions and guidelines to prevent the predatory practice of property flipping, in which properties are quickly resold at inflated prices to unsuspecting borrowers. (We like responsible renovations here. Flipping can be a little nasty, you know.)

All other terms of the existing waiver remain the same, and these transactions continue to be limited to sales meeting the following conditions:

• All transactions must be arms-length, which means buyer and seller are acting in their own interest in the sales transaction.
• In cases in which the sales price of the property is 20% or more above the seller’s acquisition cost, the waiver will only apply if the lender meets specific conditions and documents, like a lender review of property inspection report, the justification for the increase in value.
• The waiver is limited to forward mortgages, and does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program.
• No pattern or history of flipping can have occurred in the previous 12 months.. One investor can’t flip to another investor and then flip to an FHA buyer.

You can read the full FHA 90 day flip guidelines details here.

So whats the big deal? Well, homes that are purchased at a low price and re-sold at a much higher price in such a short time period with little repairs/renovations are sometimes fraudulent.  Lenders are afraid of lending on homes that may be inflated or acquired under duress. With the 90 day flip waiver, and extension until December 31, 2012, investors can now accept offers from FHA buyers in the first 90 days.

Nova Home Loans has an investor for these types of loans.  Please call J Please call Jeannie Bolger, Sr. Loan Officer –for more information.