WhyDoINeedaMortgagePreApproval

WhyDoINeedaMortgagePreApproval

55th Annual Scottsdale Arabian Horse Show February 11-21, 2010

The 55th Annual Scottsdale Arabian Horse will open February 11th through 21, 2010 at Westworld in Scottsdale, Arizona.
Prize - over $1 million dollars and the prestigious title of “Scottsdale Champion”!

HISTORY:
The Annual Scottsdale Arabian Horse Show since 1955 has set the pace in the Arabian horse world. The first show was held at Arizona Biltmore and was a first class show from the very first day.

After the show's beginnings at the Arizona Biltmore, Ann McCormick bought 150 acres in Scottsdale and made it into the horse facility known as Paradise Park, which served the needs of the show for many years.

Since then, the show has been held at Westworld in Scottsdale and is sponsored by the Arabian Horse Association of Arizona. The Show began with just 50 horses and has grown to nearly 2000 horses. The Scottsdale Arabian Horse Show brings top owners, trainers and breeders from around the world competing for a chance at winning.

TICKET PRICING:

General Admission Seniors/Military Children 12 & under Reserved Bleacher Seating Evening Performance – February 20, 2010: General Admission Reserved Bleacher Seating Additional Tickets Types: Eleven Day Button General Admission Box Seats for Entire Show

$10/day $7/day Free 15/day 10/evening 15/evening $50 (Can only be purchased at the gate ONLY, once show starts) $250 (Can only be purchased by calling AHAA at 480-515-1500

ABSOLUTELY STUNNIG CUSTOM PROPERTY in Phoenix, AZ 85021

1105 W SELDON LN Phoenix, AZ 85021
$1,299,000
MLS 4333070

• ABSOLUTELY STUNNIG PROPERTY IN GATED COMMUNITY IN N. Phoenix.
• BEAUTIFUL 3 bedrooms +DEN and 3.5 baths + CASITA WITH FULL KITCHEN AND BATH.
• THE QUALITY AND FINISHES IN THIS HOME ARE WHAT YOU WOULD FIND IN A $2-3 MILLION DOLLAR PARADISE VALLEY ESTATE.
• DECORATOR FAUX PAINT, TRAVERTINE/HARDWOOD FLOORING THROUGHOUT INCLUDING BEDROOMS, 5-INCH BASEBOARDS, MEDIA ROOM.
• DRAMATIC, MEDALION ENTRY WITH IRON DOOR.
• GOURMET KITCHEN FEATURES ALL THE TOP VIKING Appliances.
• IN ADDITION, BUTLER'S PANTRY, HUGE EAT IN AREA, GRANITE ISLAND & CUSTOM ALDER CABINETRY.
• 3 CAR GARAGE, PAVERS IN FRONT.
• HOUSE FEAUTURES INCREDIBLE CEILINGS & WINE COOLERS.

Beds/Baths: 4 / 4.5 SF: 4,422 Guest House SqFt: 350 Year Built: 2008 Approx Lot SqFt: 15,167 / County Assessor Apx Lot Size Range: 15,001 - 18,000 Level: Single Level	Subdivision: Village Tax Municipality: Maricopa Model: Custom Builder Name: Custom
Ele Sch Dist: 006 - Washington Elementary District Elementary School: Richard E. Miller Jr. High School: Royal Palm	High School Dist #: 205 - Glendale Union High School District High School: Sunnyslope

Is it MORAL to Walk Away From Your Mortgage?

The answer to this should be very simple but actually there is no universal response. Is there the morality involved at all? The mortgage industry is doing everything it can to stop this, including telling homeowners that they have a "moral obligation" to re-pay their mortgage.

Lenders to protect their money, require pledging the house as collateral. As a result of borrower defaulting on payment, the Lender has a right to seize the house. It is spell out in the Contract/Promissory Note: if you stop paying, bank gets the house back. Pretty simple.

Lender and borrower made a business decision. Lender concluded that was a smart investment to loan 125% of the value to make a profit. Borrower took a risk to buy a house counting on instant equity. Well, it turned out that both parties of the transaction made a bad business decision.

Many borrowers ask the lender for solution before they decide to walk away. They cannot afford payment for a reason. Either loan needs to be restructured, or principle balance reduced, or rent it back, or something. And then, if the lender says no and… no, then here you go - take the collateral.

In some states banks have recourse; lenders can go after personal asset, so that could be dangerous. But is that OK? Again, banks made a business decision while loaning the money. Why are borrowers held to a higher standards then banks?

Another issue: is it immoral to stop making payments on the mortgage? In most of the cases banks do not even talk to borrower unless he is 3 months behind. Otherwise you are not a priority. Call back when you late on the payment, then bank may notice the issue.

Is it okay to walk away from the mortgage for no other reason that it doesn't make financial sense? Did financial institutions approach anything from a moral standpoint?

Some opinions state: “There is no moral issue as long as the contract is legally addressed.

Morality cannot be legislated or made a clause in a contract. If the lender thought at the beginning that you had a "moral obligation to pay," it would have specified that in the contract”.

I am not an advocate for any solutions but certainly this question is being asked more often by troubled homeowners. And many times leaves me speechless.

The Egg & Cafe wakes up Ocotillo, Chandler

Location:

2625 W. Queen Creek Road
Chandler, AZ. 85248

Phone: 480-899-5050
Price Range: $3.50 to $9.50

Located west of Dobson at Queen Creek Road, the Santa Barbara architecture is accented by fountains and lakes. Inside big windows tables and booths give the visitors conteporary atmosphere with great views.

Menu has something for everyone and clientelle veries from young couples, families, retired people and golfers.
Breakfast and lunches serves from 6.00 am to 2.30 pm daily.

Eggs are the featured ingredient on the menu and it's served in a variety of ways. Order an omelet or eggs Benedict. Add additional items like chorizo to kick up the flavor. Lunch favorites like hamburgers are also offered. The children's menu, priced form $3.50 to $4.50, features a selection form waffles and sausage to chicekn tenders and fruit.
The restaurant has a private dining area that seats 25.

Mardi Gras is coming to downtown Chandler, Arizona in FebruaryMardi Gras in Chandler, Arizona

Mardi Gras is coming to Historic Downtown Chandler in February 6, 2010. Parade and street festival to Cajun cook-offs, arts & crafts, gourmet food booths, live entertainment, strolling musicians, street performers, jazz music, dancing, costume contests and the crowning of the Mardi Gras King and Queen are scheduled from 6 pm to 11:30 pm. Organizers say it won’t have the conspicuous public nudity and alcohol-fueled mayhem of the New Orleans celebration.

Ticket prices are:

* $325 packgage includes:
- 2tickets to Mardi Gras Gala
- 1 night stay at San Marcos Resort
- Sunday Jazz Brunch for 2 at San Marcos Resort

* $100 for VIP
- which includes a reserved seat
- food and beverages

* $75 for regular admission
- including food and beverage

For tickets and event information, visit www.chandlermardigras.com.

Phoenix Housing Market Update and Predictions for 2010

January 19, 2010 - Bob Bemis, CEO of the Arizona Regional MLS, on the Channel 12 news shared the latest figures for the Phoenix real estate market including foreclosures and short sales.