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September 2009

New bank owned home in Sandy, don’t miss it!!

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Check out this new bank owned home that just hit the market today. I have shown houses on this street a couple months ago and the cheapest property was $249,900. Take a look and let us know. This is a really good deal.

Presented by: Brad Miles 801-428-7223

List Price: $219,900 MLS# 915062  Stat: Active Ref # 1  
Address: 9563 S HILLSBOROUGHHEIGHTS RD  Type: Single Family Style: Tri/Multi-Level
City: Sandy,   UT 84092  Project: HILLSBOROUGH HEIGHTS
Prop. Tour:  Tour NS/EW: 9563 S / 2325 E    
 Tot Sq Ft: 2512
 Tot Beds: 5
 Tot Baths: 3.00
 Family Rms: 1
 Fireplace: 2
 Gar|Port: 2 | 0
Yr Built: 1980
Taxes: $1,624
Acres: 0.19
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 95%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Cul-de-Sac, Curb & Gutter, Fenced Part, Paved Road, Secluded Yard, Sidewalks
 Features & Info: / Dishwasher, Range Oven Free Std., Vaulted Ceilings
 Inclusions:
Remarks: GREAT FAMILY HOME. OPEN VAULTED. BANK OWNED. SOLD AS IS. PRE APPROVAL LETTER FROM A BANK OF AMERICA (BAC) HOME LOANS LENDER (SEE AGENT REMARKS) OR CASH PROOF OF FUNDS REQUIRED FOR OFFER SUBMISSION. PLEASE ALLOW 2-3 BUSINESS DAYS FOR SELLER RESPONSE

Information deemed reliable but not guaranteed. Buyer to verify all information.

How do FHA loans work? What loans people are actually getting in this Market..

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FHA loan tips for home buyers seeking a mortgage – Sep. 23, 2009 .

I thought this would be informative for those of you who would like to understand more about FHA backed loans.

In a world of financial chaos, FHA loans are becoming the loan of choice. For several reasons.. 1- most often they have better interest rates compared to conventional financing, 2- The affordability of the loan, with the melt down of the financial sector, the first thing that went away were 100% financed loans.. Which I am so confused on why that would happen, I mean come on, I have a job give me 100% of the money for my house please.. Well needless to say apparently it is good to have borrowers actually have a stake in their homes/loans? Who would have thought that?

I guess the real factor for the public leaning towards these FHA loans is the minimal down payment they require compared to Conventional financing. FHA loans only require 3.5% of the purchase price as a down payment. Most conventional is going to be 10 – 20% down. And as you all know, down payments? I thought the Govt. does that for me?

So in a nut shell, FHA loans are going to be the loan of choice for a while by default. People don’t have a lot of cash right now, and so therefore will need uncle Sam to help with the Down Payment.. I am sure in the coming months or years, when the banks believe the sky is not falling they will come back with some aggressive loans to push the market back up.. And thus start the merry go round once again…

REO Bank Deals in Salt Lake City Utah

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I have a lot of people asking for bank deals in Salt lake City UTAH. So I am going to keep posting all of the new one’s on here every couple of days. So please let me know if you have any questions about any of these listings. For those of you familiar with the Bank game, you need to act fast. We are seeing the banks marketing their properties at a very aggressive MARKET value, and as a result their homes are going under contract very quickly..

905468 $180,000 ACT Rambler/Ranch 2,772 $0 1
12478 S HOMELAND DR Herriman 0.14 12478S/4750W NA /
6/3.00/2 2/0 FULL/0% 08/11/2009 2005 SNGL 1

914729 $180,000 ACT 2-Story Conventional 2,244 $0 2
11676 BLUEROCK AVE South Jordan 0.16 11676S/4645W Tour /
3/3.00/1 2/0 FULL/0% 09/22/2009 2005 SNGL 6

895732 $184,900 ACT 2-Story Conventional 1,755 $0 3
96 W 6480 S Murray 0.16 6480S/96W Tour /
4/3.00/2 1/0 FULL/100% 06/27/2009 1961 SNGL 12

902113 $194,900 ACT Tri/Multi-Level 1,586 $0 4
11298 S DRYSTONE RD Sandy 0.16 11298S/750E Tour /
3/2.00/2 2/0 FULL/95% 07/27/2009 1985 SNGL 6

909148 $196,900 ACT Rambler/Ranch 2,172 $0 5
12158 S MILL RIDGE RD Sandy 0.18 12158S/1100E NA /
3/2.00/2 2/0 FULL/90% 08/24/2009 1979 SNGL 1

888164 $208,000 ACT 2-Story Conventional 2,480 $0 6
1186 W RATON LN Murray 0.20 6200S/1186W Tour /
4/4.00/1 2/0 FULL/95% 05/27/2009 1988 SNGL 1

914321 $214,900 ACT Rambler/Ranch 2,966 $0 7
4744 W MAGNUM CT Herriman 0.37 12100S/4744W NA /
2/2.00/1 3/0 FULL/0% 09/18/2009 2004 SNGL 5

911865 $219,900 ACT Bungalo/Cottage 1,650 $0 8
1855 E 1700 S Salt Lake City 0.22 1700S/1855E Tour /
3/1.00/0 1/0 FULL/25% 09/07/2009 1944 SNGL 7

These are just the properties under $220,000, this will be the most affordable for majority of people..

Let me know if you have any questions.. Spencer Janke

East Side Townhome Salt Lake City, UTAH

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909574 $234,900 ACT Townhouse/Row-End 1,678 $0 1
4802 S DIPO PL Holladay 0.01 4802S/1350E Tour /
3/3.00/1 2/0 NO/CR/0% 08/28/2009 1978 CNDO 12

Everyone, this is a great townhome East side near the old Cottonwood Mall. This is going to be a great area in a couple years once the Mall actually goes in..

This home is one of the better layouts I have seen in a Townhome. Let us know if you have any questions about it..

October Events, Haunted House in Salt Lake City, UTAH

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Ok, everyone.. I thought you all would appreciate a little info on the upcoming Haunted Events throughout Salt Lake City, UTAH. Below are the lists of plays, concerts, and great Haunted House’s throughout the valley.. This is a great time to get out and enjoy the wonderful fall weather..

Salt Lake County

Abravanel Hall, 123 S. West Temple / 533-5626

10/9-10/10 Utah Symphony, “Brahms Symphony No. 2”

10/27 Utah Symphony, “Halloween High-Jinks”

10/30-10/31 Utah Symphony, “Tchaikovsky’s Pathetique”

Capitol Theatre, 50 W. 200 S., 355-ARTS

10/17-10/25 Utah Opera, “MacBeth”

10/30-11/7 Ballet West, “The Dream”

Desert Star Playhouse, 4861 So State, Murray, 266-7600

8/27-11/7 “Snooty and the Beast”

Draper Historic Theatre, 12366 S. 900 East, 572-4144

10/2-10/24 “Annie Junior”

Energy Solutions Arena, 301 W. South Temple, 325-SEAT

9/26 “Miley Cyrus”

10/16 Star Wars – In Concert

Hale Center Theatre, 3333 Decker Lk Blvd, WVC, 984-9000

10/5-11/21 “Curtains”

Kingbury Kingsbury Hall, 1395 Presidents Cir, U of U, 581-7100

10/6-10/7 “Tap Dogs”

10/10 “Lyle Lovitt and John Hiatt”

10/14-10/31 Odyssey Dance Theatre, “Thriller”

Pioneer Theatre Company, 300 South 1400 East, 581-6961

9/25-10/10 “A Chorus Line”

10/30-11/14 “Is He Dead?”

Wagner Theatres, 138 W. Broadway, 355-2787

Jeanne Wagner Theatre

10/1-10/3 Repetory Dance Theatre, “Elements”

10/24 X Latin Dance Spectacular

Leona Wagner Theatre

10/22-10/31 Plan B Theatre Co., “Roundup”

11/6-11/21 Utah Contemporary Theatre Co.,

“The Passion of Sister Dottie S.

Dixon: A Second Helping”

Salt Lake Acting Co., 168 W. 500N. / 363-7522

9/16-10/11 “The Caretaker”

The E Center, 3200 S. Decker Lk., 988-8800

9/28 “Pearl Jam”

10/2 “Creed”

The Gathering Place at Gardner Village

October “Witchapalooza”, Dinner theatre

Haunted Houses / Halloween Events

Theatre & Concerts

Nightmare on 13th, SLC, 300 W. 1300 S, 467-8100, M-Th 7:30pm-11pm,

Fr-Sat 7:30 pm-12:00am, Coupons online www.nightmareon13th.com

Castle of Chaos, SLC, 3300 S. 120 W., Tu-Th 7:00-10:00 pm, Fr-Sun

7:00-12:00pm / Coupons on line www.castleofchaos.com, 461-4444

Nightmare Mansion, SLC, 5600 S. Redwood, M-Th 7:30-10:00 pm, Fr-

Sat 7:30-12:00pm / Coupons on line www.castleofchaos.com, 461-4444

Gardner Village, Midvale, 1100 W. 7800 S., Giant witches on rooftops

and pathways, 566-0917 / M-Sat 10:00am-8:00 pm, www.gardnervillage.com

Haunted Village, SLC, This Is The Place State Park, 2601 E. Sunnyside

Ave. / Ghost stories, dancing, games, 10/9-10/31, M-Th 7:30-10:00pm, F-Sa

7:30-12:00 am, 582-1847, www.thisistheplace.org

Hogle Zoo, SLC, 582-1631, www.hoglezoo.org

10/9,10,16,17 “Paranormal Dinner and Dark Tour”, 6:00-9:00pm

10/24 “Boo at the Zoo”, 9:00am-3:00pm

Hee Haw Farms, Pleasant Grove, 700 S. 4500 W., (801) 368-4335, Hayrides,

pumpkin patch, haunted hayrides, corn cannon, cow train, haunted

barnyard / www.heehawfarms.com, M-Th 4:00-10:00pm, F 4:00-11:00, Sa

10:00am-11:00pm.

Haunted Forest, American Fork, 1015 S. 500 E; Mon-Fri 7:30-10:00 pm;

Sat 7:30pm-12:00am, 623-1824, Coupons online www.hauntedutah.com

Riverboat Ride, Provo, 3606 W. Center St., 373-8897. Cruise the Provo

River and get scared from spooky stories. M-Th 6:30-9:00 pm,

F-Sa 6:30-9:30 pm

Frightmares, Farmington, Lagoon, 375 N. Lagoon Dr. / 451-8000, Friday

night, Sat & Sun all day / www.lagoonpark.com

Haunted Hollow, Ogden, 1900 W. 1550 South; Mon-Fri, 7:30-10 pm; Sat

7:30pm-12:00am, 603-4800, Coupons online www.hauntedutah.com

Haunted Canyon Ghost Train, Heber Creeper Railroad, Vivan Park,

Provo Canyon / (800) 888-8499 / www.hebervalleyrr.org

Corn Mazes

Lehi – Cornbelly’s Corn Maze & Pumpkin Fest, Thanksgiving Point, M -Th 4:00-10:00 pm, Fri-Sat.

10:00am-11:00pm, 794-FARM, 9/25-10/31

West Jordan – Crazy Corn Maze: 8800 S. 4000 W; M-Th, 6-10:30 pm; Fr 6:00-11:30 pm; Sat 3:00-

11:30pm. 569-2356

Syracuse – Black Island Farms Corn Maze, 3178 S. 3000 W., M-Th 4:00-10:00pm., Fri 4:00-

12:00am, Sat 10:00 am – 12:00 am, 774-MAZE, 9/18-10/31

Ogden – Lazarus Maze & Haunted House, 600 Exchange Rd., W-Th 7:30-9:30 pm., Fri-Sa 7:30-12:00

am, 392-2271, 9/18-10/31

MALL TRICK OR TREATING

Valley Fair Mall 969-6211 5:00 – 7:00 p.m.

Fashion Place 262-9447 6:00 – 8:00 p.m.

University Mall 224-0810 5:00 – 7:00 p.m.

Provo Towne Center 852-2400 4:00 – 7:00 p.m.

Downtown Project in Salt Lake City, UTAH

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Viaduct depends on $100M project – Salt Lake Tribune.

I love when I read things like this.. You all need to check out this article. Another great project in downtown Salt Lake City, UTAH. I have been saying for sometime now, Salt Lake City UTAH is going to be transformed into one of the great metropolitan cities in the United States, with everything we have to offer. You add the Downtown element to that, and we will become a world wide destination for all aspects of society..

This article is a little hard to follow, but basically explains how there is another $100 million project slated just North of the Gateway, this is going to transform the gateway area into something even more spectacular. If you consider the new City Creek Center, this new one just announced, 2100 S. and Main street. And many others slated to come on line. Our cityscape is going to be completely different in the coming years, and with this exciting news is the potential for economic growth. Now I am sure many of you heard of our new economic powerhouse team here in Utah. Gov. Gary Herbert appointed Utah businessman and philanthropist Spencer P. Eccles to lead the Governor’s Office of Economic Development,he will be joined by Josh Romney, son of former Massachusetts governor and presidential hopeful Mitt Romney. The younger Romney will serve as the state’s national business recruitment policy adviser. The new duo will be the leaders to bring business into the Utah Economic scene.. I am excited about the possibilities and the future this holds for Utah as a whole..

First Time Home Buyers $8000 Tax credit running out of time..

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via First-Time Buyers Race to Beat the Clock, Qualify for $8,000 Federal Tax Credit | RISMedia.

Time is ticking on the $8000 tax credit for first time home buyers. It is down to 12 more weeks.. That time is going to fly by, so if you are in the market I would make your move now, and take advantage of the Credit, low interest rates, and all of the wonderful deals we are seeing right now.

The future is an unclear, none of us know what is going to happen this winter. All I know is right now is a good time to take advantage of a depressed situation..

Gov’t home loan agency faces cash squeeze, Could FHA be next?

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Gov’t home loan agency faces cash squeeze – Yahoo! Finance.

This is never a good sign? Especially considering that in todays current market majority of loans being originated are FHA. I would say in my real estate business, this year we have had about 30 closings of which I would say 75% of them have been FHA loans. Now as this is a Govt. agency there is no way we can let it collapse, however if they do need a bailout, this is not the time for it to come to the public’s knowledge. Right as we are heading into the Fall months, and just before the fabulous winter.

That’s all we need is one more issue! It will be interesting how this effects the markets as a whole today, I am sure this is going to make investors a little squirmish.. I think I have given up on predicting what is going to happen at this point. I mean we all are really just here for the ride right?

SKI Magazine’s Top 30 Resorts for 2008-09 | SKI Magazine

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SKI Magazine’s Top 30 Resorts for 2008-09 | SKI Magazine.

Give it up for one of our local resorts.. Now I am an avid skier, and I wouldn’t place Deer Valley Ski resort as the Number 1 resort in North America. However, sure makes our state look great.. This article just made me excited for the new ski year. October is almost here, just bought my wife a new pair of Atomic Ski’s.. Nothing beats buying ski gear, now I just can’t wait to get out there and use it all.

Things like this, is what is going to propel our wonderful State of UTAH into the next level.. Way to go Deer Valley… Maybe I will take one day and update myself this winter with your slopes…:)

Plans announced on proposed Utah Lake toll bridge

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ksl.com – Plans announced on proposed Utah Lake toll bridge.

I may get some flack for this article, however I hope we see this happen. No let me explain my thoughts here. Utah needs to have some forward thinkers. If you compare our State to others across the nation. Our infrastructure is severly lacking compared to the rest. I am in full support of a privately held company wanting to take the initiative and build this road.. Why? It would help with traffic, my tax dollars don’t have to go to the bridge to build it, however if I choose to drive on it occasionally by all means I should pay to use it.. This is a great idea.

My hope is over the next few years we start seeing more and more of these types of creative infrastructure begin to mold our State into the new generation..

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