Fannie Mae changes

Some changes with Fannie Mae financing.  Good news for those of you who have had a foreclosure with a bankruptcy you now have to wait 4 years instead of 7.  If you had a short sale you used to be able to wait 2 years and had to put 20% down.  Now it's 4 years but with only 5% down.  Less money but longer waiting period. 

I have brokers and bankers that can help you out and get you approved for a loan.  Don't hesitate to contact me with any questions at 480-695-9683.  

Back on Track

It's been a world wind year for me.  My daughter was born almost a year ago so I've been busy with her and my business.  The real estate market is doing really well.  It's turning into a buyer's market.  There are currently 20,653 single family homes available in Maricopa County.   Scottsdale - 2,146 Phoenix - 3,751  Glendale 770 Peoria 881 Surprise 755 to name just a few cities.  So as you can see there are quite a few to choose from. 

The rental market is also still strong.  Many of my owners are keeping their prices the same and renewing their tenant's leases.  We haven't had much turn around in the properties I manage.  Happy tenants = happy owners! 

Let me know if I can help you with buying, selling or renting.  Email me at marcigcox@gmail.com or call me at 480-695-9683.  Happy House Hunting!