JOHNSON RANCH COMMUNITY ASSOCIATION

Board Work Session

7:00 pm – Tuesday – June 08, 2010 –

Walker Butte Library

Work Session Agenda

• Insurance Proposal Presentations

American Family Insurance and Arizona Group

• Photo ID Policy Discussion

• Use of JR Amenities and Delinquent Accounts Policy Discussion

• Covenants Fine Policy Discussion

Board Business Meeting – 7:00 pm – June 22, 2010 – Walker Butte Library

This post will be updated throughout the month of June, 2010.  Check back frequently for more real estate related information.

General Information:

FHA delinquencies decline for the third month in a row. 

The mortgages insured by the Federal Housing Administration has declined again to 8.5 percent down from 9.4 percent in April.  The rate is still high, but definitely a positive trend.

On that note…Is FHA the loan of choice?

About 87% of potential home buyers plan on using FHA insured loans on their future purchase, according to a survey conducted by the Home Buying Institute.  Two thirds of those surveyed were first time home buyers.  54 percent of those surveyed said they preferred FHA because of the low down payment.

15 year mortgage at a record low

15 year fixed loans were at a record low of 4.2 percent, down from 4.21 percent (source: Wall Street Journal 6/4/10)

BofA to Settle Countrywide Charges

BofA agreed to pay $108 million to settle charges that Countrywide Financial Corp. charged large and unfair fees to borrowers facing foreclosure.  The settlement should refund money to about 200,000 borrowers.

Builders Report Improving Sales

JMP Securities reports that sales activity in California, Texas and Arizona are approaching pre-April numbers in several markets.  Sales are at their strongest pace since before Spring of 2009.

30 and 15 Year Rates Lowering

30-year fixed-rate mortgage averaged 4.72 percent, down from 4.79 percent a week ago – rates on 15-year fixed-rate mortgages fell to a record low of 4.17 percent from 4.2 percent.   (06/11/10)

Mortgage Applications Rise

The number of mortgage applications to purchase homes rose last week -  the Mortgage Bankers Association purchase index increased 7.3 percent (6/16/10)

Mortgage rates were up last week:

• 30-year fixed-rate mortgages increased to 4.82 percent from 4.81 percent.
• 15-year fixed-rate mortgages decreased to 4.23 percent from 4.26 percent.
• 1-year ARMs increased to 7.07 percent from 6.94 percent.

Much of San Tan Valley was formerly known as Queen Creek, AZ.   The part of Queen Creek that became San Tan Valley is located in Pinal County.  Queen Creek, Arizona is located in Maricopa County.  One thing is for certain, we can now talk about either Queen Creek or San Tan Valley and know what Counties they’re located in.

San Tan Valley is the largest community in Pinal County.  The population of San Tan Valley is just under 80,000.

See the map below for the boundaries of San Tan Valley.

View San Tan Valley, AZ in a larger map

Any taxpayer who was a member of the Armed Forces can earn the home buyer tax credit if they enter into a contract to purchase a home before April 30th, 2011.  They must close by June 30th, 2011.

The tax credit applies to any individual who served on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after December 31, 2008 and ending before May 1, 2010.

First time home buyers that meet specific qualifications can earn up to $8,000 in tax credits.  Previous home owners would be eligible to tax credits up to $6,500 if they are replacing a principal  residence they have owned for any 5 consecutive year period during the past eight years.

For more information about the $8,000 First Time Home Buyer Tax Credit, contact info@ezlistaz.com. You can also call 480-273-8914.

Members, June 25th, 2010 is Dive In Movie Night! 

Time: 7:30 PM

Showing: The Princess and the Frog

Where: Copper Basin YMCA swimming pool!

Free admision for members.  Bring a swimsuit and towel.  Hot dog meals will be available for $3.00.

For more information contact the Copper Basin YMCA at 480-882-2242.

The most recent news from Johnson Ranch HOA!  Please email info@ezlistaz.com for contact info or more information on any of the upcoming event/activities.

Johnson Ranch Update

Asphalt Work

If you live in Stonegate (gated) or Lakeview Gardens subdivisions, please remember asphalt work will begin on Wednesday morning, May 26^th at 7am. Please refer to the information that was sent to you. Thank you for your cooperation.  

Johnson Ranch Pre/Teen Beach Pool Party

Friday, June 11

6:30-8:30pm

Lakeview Pool

Ages 11-18 are welcome! Grab you friends! Have fun swimming, listening to a live DJ, dancing, pizza and more.   Please register to attend!  You can get contact information for registration (or to VOLUNTEER to chaperone) by emailing info@ezlistaz.com.

Babysitters Meet and Greet

Tuesday, June 15

6:00-7:00pm

Indigo Sky Pool

Are you looking for a babysitter for the summer? This is a great chance for you to meet and interview babysitter’s one on one.

Are you a babysitter and would like to set up a table and handout information? Please email info@ezlistaz.com for contact info to register. Please have 50 handouts available for participants.

Desserts with Dad

Friday, June 18

6:30-8:00pm

Lakeview Recreation Area

Happy Father’s Day! Bring Dad over to the park to have a special dessert and make a card!  Please RSVP so we can order the correct amount of supplies. Please email info@ezlistaz.com for contact info to register.   If you sign up and are unable to make it, please let us know. Thank you

Water Aerobics

Every Monday morning

9am

Lakeview Pool

We would like to thank instructor Neola for all her efforts in making this a great program. Please email info@ezlistaz.com for contact info to register.

That is a real common question I’m asked right now and the answer is…maybe…  Every market is different, especially as you look specifically within a geographic location or even in your own subdivision.  As we start to “turn the corner” an easy way to get a basic idea is to know where homes in your area are currently listed and where they actually end up selling.  As you continue to watch the market, over time you’ll learn what the average list price (what sellers are asking) of the homes in your area or subdivision are and what the average sales prices are in relation to the list prices.  Just by knowing that, you’ll be able to see whether values are falling, holding steady, or making their way back up.  It really is a simple concept and it’s very easy to get started on your own “neighborhood watch.”

If you live in Phoenix, Arizona or any of the surrounding metropolitan areas, including the East Valley, Chandler, Gilbert, Mesa, Queen Creek, San Tan Valley, I have a service that will help you keep track of what is going on in your market area.  There’s no obligation to you and it’s available to you 24/7.  It’s as close as you can get to a live feed straight from the Multiple Listing Service, so you’ll get the most up to date information on all available homes for sale.  There’s no lag time like a lot of other real estate websites – some of which can take days or weeks to update their information.

If you’d like to keep track of what’s going on in your area or subdivision or if you’re thinking about buying and would like to receive property listings, just click on the button below and get started!

If you’d like a personal invite to my listing service, please feel free to email me at Nathan@ezlistaz.com or call 480-273-8914.  I’ll get you set up right away!

COMPLETE JR HOA ANNOUNCEMENT BELOW:

ATTENTION 

Ace Asphalt will begin seal coating on Monday, May 24^th.  The three Recreation Centers (Lakeview, Stardust and Indigo Sky) and the JRCA office parking lots will be closed on Monday, May 24^th and will reopen by 9 am on Tuesday, May 25^th.

Stonegate and Lakeview Gardens Residents:

 Beginning Wednesday morning, May 26^th at about 7 am, crews from Ace Asphalt of Arizona will arrive to seal coat your road ways. The seal coat will be finished on Friday, May 28^th.  It is necessary that all vehicles be removed from the designated areas on specified days.  Please make arrangements in advance to park in an area not affected by the project.  If it is necessary for us to have your vehicle towed, the cost will be charged to you. 

*****WARNING*****

Do not drive on the fresh seal coat until the times indicated on the map.  The sealer will splatter onto your vehicle or track onto your driveway.  It is very difficult to remove.  Once the seal coat product has dried, it is permanent.  Ace Asphalt will not repair damage to vehicles or concrete driveways. 

Sealing is a cost effective maintenance procedure that helps to prolong the life of the pavement.

We appreciate your cooperation and patience during this important maintenance program.

END ANNOUNCEMENT

***Please note, the preceding announcement was issued by the Johnson Ranch Homeowner’s Association.  Nathan Mitchell Realty is not affiliated with the Johnson Ranch HOA.  This message has been rebroadcast in order to help inform residents of current HOA activity.  Please feel free to contact Nathan at info@ezlistaz.com for more information regarding the Johnson Ranch community.

Visit the Johnson Ranch website:  Johnson Ranch San Tan Valley, AZ

A recent email my wife received:

Stormy Weather

With all the news lately about the subzero weather and snow that the
Midwest and east coast areas are experiencing, we shouldn’t forget that
Phoenix also has its share of devastating weather in the last couple
weeks.   

Attached is a photo showing damage to a home from a recent storm that
passed through the Phoenix area. It really makes you cherish what you
have, and  reminds us not to take life for granted.

If you are looking for a home in Arizona, San Tan Valley, Queen Creek, the Phoenix Metro area, Chandler, Gilbert, Mesa, Tempe or anywhere else in the Valley, the $8,000 Tax Credit could be an excellent opportunity for you!

First time homebuyers that close on their homes by April 30th, 2010 could be eligible for an $8,000 tax credit.  A tax credit is equal to money in hand, NOT a tax deduction! In other words, it will directly reduce the total amount of taxes that you owe. Do you have questions? Like, how does it work? How big is my tax credit? Is there anything new about the extended tax credit that I should know about? Enter your information below and we will send you a brochure outlining the Homebuyer’s Tax Credit. Please enter any questions in the comment section.

Repeat Buyer Tax Credit

If you are a repeat buyer you may also be eligible for a $6,500 tax credit.  Complete the form below for more information.

I would like more information on the Tax Credit!

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