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North Scottsdale, Silverleaf and DC Ranch Weather North Scottsdale weather is perfect for outdoor activities. With over 300 sunny days per year, golfers and other outdoor enthusiasts flock to North Scottsdale. The desert/mountain climate is warm year round. The heat of the summer is tolerable due to the low humidity. Rain fall is minimal in this desert/mountain climate -- as little as 0.1 inches falls in June and only 1.3 inches in the ‘rainiest’ month of March. Temperatures during the coldest months of December, January and February range no lower than 40 degrees at night and as high as 70 degrees in the hottest part of the day – perfect for a round of golf. In the summer, you might want to stay close to the pool as high temperatures in the months of June, July and August can go as high as 104 degrees. Evenings in the summer are quite pleasant, however, and range between 70 – 77 degrees. The spring and fall have moderately warm temperatures --- perfect for any outdoor activity.
 Get North Scottsdale, Silverleaf and DC Ranch Weather Reports Here Request my Free North Scottsdale, Silverleaf and DC Ranch Relocation Package. It's packed full of useful and important information about the North Scottsdale, Silverleaf and DC Ranch, Arizona area. Don't move here without it! It's my job to know EVERYTHING about North Scottsdale, Silverleaf and DC Ranch! Ask me any question. Or request a FREE information package. There's no obligation, and I promise to get back to you quickly...
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Short Sales >1. What Is a Short Sale? A short sale is discussed if the home owner is facing financial hardship and is therefore unable to make payments on the home loan. In the event that the bank or mortgage lender agrees to it, a short sale is an alternative solution when foreclosure is looming. “Short sale” literally translates to selling a piece of real estate just short of the remaining balance of the loan. Because the homeowner finds him or herself in a position where paying the loan just isn’t feasible, the lender will then discount the balance of the loan and the home owner will sell the property and forfeit all of the proceeds to the lender. By doing this, the lender concedes that selling the property at a loss is a better option than continuing to pursue the borrower.
There are four conditions of a short sale:
- The home’s market value is down. This means that the home is worth less than the remaining balance on the home loan. Another way to say this is by saying that the home is "underwater".
- The mortgage is in default or heading that way. A mortgage default occurs when the borrower stops making payments on the loan. At that point, the lender can seize the property from the borrower.
- The home owner encounters hardship like divorce, death or serious illness, unemployment, bankruptcy, etcetera. It is important to note that personal lifestyle choices that cause financial strain are not considered.
- The home owner has no assets. If the homeowner had assets, he or she could use these to make payments on the loan.
How do you know if you qualify for a short sale?
Whether or not a home seller can go through with a short sale ultimately depends on his or her bank or mortgage lender. They have to agree to the short sale process in order for it to come to pass. If the seller’s situation does not line up with the aforementioned four points, he or she may not qualify to sell their home on a short sale.
Any buyer can put an offer in on a home up for short sale so long as they are able to qualify for a loan. It is, however, up to the lender whether or not an offer will be accepted on the property.
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| Q |
What real estate board game became the best-selling game in America just one year after it was created?
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| A |
Charles B. Darrow invented Monopoly in 1934, to cheer himself up while unemployed during the Great Depression. Monopoly is now the most popular board game in the world and has sold over 200 million copies. |
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