Debt Free Dave’s Blog

Its time has come but mediation in Arizona is making its way into solving real estate conflict.  There is now a mediation clause that is standard in every Arizona Association or Realtors Contract.  I think this is a better first step for clients rather than trying to slug it out in court.  The benefits of mediation would seem to out weigh going to court.  For one going to court is expensive and it can take a long time.  Litigation can take years, while mediation can be completed in a day.  The cost of mediation is less as well.  Litigation can run in the tens of thousands of dollars quickly.  Most mediators charge between $200 - $300 per hour.  If you can get your dispute settled in a day, I think you can do the math.

The only hitch to trying to use a mediatoris that if one party wont participate you may need to seek other methods to settle your dispute like arbitration or litigation.

Real Estate Mediator Arizona

Divorce Arizona

Going to court to resolve a dispute can not only be draining on your wallet but also on your emotional bank account.  If you are having a conflict with a real estate transaction, you may want to call to a mediator first befor an lawyer.  Mediation can not only resolve issues faster but it can save you on your wallet as well.  Mediation is a way to resolve conflict in an efficient manner.  In mediation both sides work together rather than against each other.

Mediation is one of the fastest growing alternatives to going to court.  Some courts even require that parties go to mediation before litigation.

Arizona Mediator

Buying a home does require:

    * knowledge of industry terminology
    * knowledge of the home buying process
    * awareness of down payment assistance programs
    * understanding first time home buyer programs
    * typically good credit history and credit scores that are above 620
    * must being gainfully employed receiving some proof of income
    * have some money for closing costs and down payment - or access to get some funds for
     settlement
    * knowledge of real estate mortgage loan programs

If you are confused by the process speak to a professional.  A bad transaction will stay with you a long time.  Many consumers that bought during the real estate bubble would be able to tell you about their misfortunes.

FHA home loans 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.

8000 FHA bridge loan program

How to improve fico scores and credit scores  

When is comes to improving your credit report scores there is a lot of rotten information on the web.  The reality is that it only takes a little common sense and it will go a long way towards improving your credit.

    * Don't spend what you can't afford
    * Don't go over 30% of your available credit limit on your credit cards
    * Don't cancel your old credit cards.  If you do, your credit history will go out the window
    * Don't get too many credit cards
    * Be mindful of what credit cards you are getting.  Department store credit cards lower the quality of your credit mix

How to raise your bad fico score

The more you know about youryour credit score, the better you will be able to get a mortgage.  It is important that you understand your credit as well as your credit scores.  There is more than one type of mortgage.  Your credit score will dictate what programs you will be eligible for.  Typically the higher your fico score is, the better interest rate you will get.

Different Types of Mortgage Programs For First Time Home Buyers.

    * How to increase your credit fico score
    * What factors impact your credit report score
    * How to recover from bankruptcy or foreclosure
    * Credit Repair
 

Most Consumers Want to Know the Following about Credit Scores

    * Locking the best mortgage interest rate
    * First Time Home Buyer Programs
    * Down Payment Assistance or DPA
    * HomePath Mortgage Program
    * FHA loans, great for first time home buyers and buyers with low credit scores

For more information about credit scores talk to your mortgage professional.

You can take advantage of the 2009 American Recovery and Reinvestment Act of 2009.  Get a $8000 tax credit just for buying a new home.  That's dollar for dollar against your federal income tax returns.  You must be a first time home buyer to be eligible for the program.  The home must be your primary residence as well.  The home you buy must be from someone that is not related to you.

8000 tax credit info

10000 California Tax Credit