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Yesterday I reported on the summary of the HB, which included: Seller-funded down payment assistance programs – codifies existing FHA proposal to prohibit the use of down payment assistance programs funded by those who have a financial interest in the sale; does not prohibit other assistance programs provided by nonprofits funded by other sources, churches, employers, [...] On Sunday, the Arizona Republic ran a story on the decline in membership of the Arizona Regional Multiple-Listing Service (ARMLS). Lots of people are watching the membership of ARMLS just because unlike other memberships, this one renews in the middle of the year instead of the beginning. If we were in January, we would see [...] Recently, I received word that the Down-Payment Assistance (DPA) programs would be going away. DPA exists to help buyers enter the home-ownership market. The programs exist by having the seller provide a donation to another group to be used as a down payment for the buyer. They help many people to get into the home-ownership [...] This morning the Arizona Republic published an article Foreclosures lead to Valley health risks. This points out another reason Foreclosures are bad for us. Not only are they bad for the economy, they are also bad for our health. When a property is foreclosed on, there is no one left to take care of the [...] |
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