BiggerPockets

Arizona Divorce Mediation

Monday, July 18

If your Real Estate clients are about to do battle in divorce court you may want to let them know about an alternative option. Divorce mediation is fast becoming one of the most preferred methods of ending conflict. Mediation is cost effective. The average divorce can cost on average over $20,000 per side. A full divorce mediation can be performed for under $2000.00.

Mediation is successful over 85% of the time according to the American Arbitration Association. With statistics like this, mediation may be worth consideration.

Mediation Clause now in the Arizona Purchase Contract

Wednesday, June 24

I love that there is now a mediation clause in the Arizona purchase contract.  If you can keep a real estate dispute out of the courts you are better off.  Mediation is not only cheaper but it is faster as well.  Many disputes can be settled in a day while court can take months if not years.  The other thing is that settlements are agreed on by both parties.  You wont have one side that felt like they got the screws put to them.

Mediation Information

$8000 bridge loan from fha

Thursday, May 14

Bridge loans may help get the home market in many real estate markets.  Fha will be allowing home buyers to use their $8000 tax credit now in the form of a bridge loan to buy a new home.  FHA home mortgages will soon be a lot better for home buyers and first time home buyers.  Hud and FHA plan on giving buyers an $8000 bridge loan that they can use now to buy a home rather than wait to get their refunds.  Not all of the details have been outlined yet.

Keep your fingers crossed for a recovery.

FHA bridge loan credit program

Making Better Financial Decisions

Wednesday, May 06

I see this mistake all the time when it comes to credit reports and credit scores.  I have clients that are using their credit cards and keep a balance about the 30% available credit limit.  They are unaware as to the impact that this is having on the fico score.  Once you go over the 30% threshold your credit score will start being impacted.  Go over 50% use of your available credit and your credit score will start dropping like a rock.

The point of this is to be aware of what you are doing with your credit and your money.  If you are trying to buy a home this principal becomes even more improtant.  It can be the little things that end up biting your in the rear.

California $10000 New Home Tax Credit

Friday, May 01

There is good news in the state of California.  The state government has started a $10000 tax credit program if you buy a new home.  This is a dollar for dollar credit, not a tax deduction.  This is different than the 8000 tax credit that Obama has passed earlier this year. This is a great deal and wont be around forever.  If you are on the sidelines thinking about buying a new home, how is the time.

You do not have to be a first time home buyer.

Property must be purchased between March 1, 2009 and February 28, 2010.

There are no income limitations.

10000 California Tax Credit