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Wednesday, March 10 2010
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Here is the place where the community gets together to talk about what matters most to them. If you have an article you'd like to submit that's related to our community you can submit your articles directly to info@85212.com. They will be reviewed and posted here. This is Your Community Connection, your input is valuable.

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Local Mesa Business is participating in MS bike ride
Author :: Samantha Slusser
Date :: Wed 03/10/2010 @ 08:27
MS BIKE RIDE: Physicians Physical Therapy looking for donations and support of the community



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Desert Ridge Player Wins National Home Run Derby
Author :: 85212 Administrator
Date :: Mon 01/25/2010 @ 08:21
Desert Ridge Baseball Player and Senior Travis Flores wins National Home Run Derby
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Community Holiday Lights List
Author :: 85212 Administrator
Date :: Mon 12/07/2009 @ 07:33

A List of Area Homes Decorated for the Holidays


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Home Buyer Tax Credit Expanded
Author :: The Kenny Klaus Team
Date :: Mon 11/16/2009 @ 09:28
Home Buyer Tax Credit Info
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Teach your Young Children to Share through Early
Author :: Bob Seifert
Date :: Thu 10/29/2009 @ 04:18

Add Article Summary...


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Wall Street Journal Real Estate News

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Helmsley Estate Sells Manhattan Hotel
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.

BofA Lawyers Rebuked in Cabi Case
BofA lawyers have agreed to reimburse lawyers for a Miami developer after a judge's rebuke for trying "to score a litigation point" in an ongoing foreclosure dispute.

European REIT Rollout at Hand
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.

General Growth Debt Bet Pays Off
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.

Marriott Expands in Europe
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.

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Wall Street Journal Money & Investing News

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Build America Bonds Pay Off on Wall Street
Bond underwriters handling the Obama administration-backed Build America bonds have collected more than $1 billion in fees.

Barclays on the Hunt in the U.S.
The U.K. bank is seeking a retail lender that would give it more deposits and extend the presence of Barclays Capital in the U.S.

When Tech Bubble Burst: Companies Won, Investors Lost
Ten years ago, the Nasdaq Composite index closed at a record of 5048.62. On Tuesday, it closed at less than half that level.

Stocks Roiled by Cisco, Banks
Stocks ended up slightly after being whipsawed by speculative bets in the financial sector and a rally in telecommunications. The Dow rose 11.86 points.

U.S. Borrowing Costs Stay Stable
The federal deficit has plenty of investors concerned. But they aren't making the government compensate them for their worries.

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Wall Street Journal Most Read Daily News Articles

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Prius Tale Prompts New Probe
Toyota and federal investigators probed the latest report of sudden acceleration, a dramatic incident on a California highway that ricocheted around the Internet.

Rasmussen and Schoen: Why Obama Can't Move the Health-Care Numbers
For every voter who strongly favors the plan, two are strongly opposed.

'They Need to Be Liberated From Their God'
The 'Son of Hamas' author on his conversion to Christianity, spying for Israel, and shaming his family.

10 Best Places for Second Homes
Prices of luxury real estate are finally starting to rise, as bargain hunters swoop in. Some of the best deals are in second homes with discounts of as much as 40%.

California's College Dreamers
When will students figure out the politicians have sold them out?

ID Card Center of Immigration Plan
Lawmakers working to craft a new comprehensive immigration bill have settled on a way to prevent employers from hiring illegal immigrants: a national biometric identification card.

Best of the Web Today: Justice and the 'al Qaeda 7'
Lawyers shouldn't be "demonized with impunity," says the New York Times. So why did the Times do just that?

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Daily Real Estate Blog from AZCentral.com

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Arizona share of new federal foreclosure aid - $125 million
Of the $1.5 billion allotted by the federal government to help states hardest hit by housing bubbles that burst, Arizona will receive $125 million.
Arizona is one of five states to receive the money, all states where home prices have dropped more than 20 percent. The money was divided among the states based on drops in home values, unemployment rates and foreclosure figures. The four other states and the funds they will receive: California, $670 million; Florida, $418 million; Michigan $155 million; and Nevada, $103 million.
This money will supplement the $75 billion Home Affordable Modification Program, announced by Obama ...

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Arizona&#039;s share of new federal foreclosure funds
The Arizona Housing Department is waiting to hear how much of the $1.5 billion in additional foreclosure aid, announced by President Barack Obama in Las Vegas a few weeks ago, the state will receive.
The U.S. Treasury Department is supposed to announce this Friday (tomorrow) what share of the money each of the five states, including Arizona, hardest hit by foreclosures will get.
The Treasury Dept. is also expected to give the five states guidelines on how the money can be spent to help homeowners facing foreclosure. One way the Arizona Housing Dept. would like to spend the money is to continue to ...

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Pre-foreclosures on the rise again in Phoenix
Pre-foreclosures in the metropolitan Phoenix climbed in February, dashing hopes that the housing market is starting to recover from the crash.
In January, pre-foreclosures, known as notice of trustee sales, fell to their lowest level since late 2008. The significant drop had some housing market watchers hopeful more lenders were working with borrowers on loan modifications early on and more borrowers could afford their monthly mortgage payments.
But in February, there were 7,604 pre-foreclosure notices filed by lenders in metropolitan Phoenix, up from the 6,762 in January, reports the Information Market.
Foreclosures did fall last month to 4,271, from 4,452 in January. But ...

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Federal refinancing aid extended
The federal government has added a year to the Home Affordable Refinance Program, known as HARP.
 Part of the $75 billion housing aid package, HARP allows homeowners who are underwater, meaning they owe more than their house is worth due to falling home values, to refinance to a lower interest rate.
 Now, homeowners who owe up to 125 percent of what their home is worth have until June 2011 to try to refinance under the plan.
About 190,000 homeowners have been able to use the program to refinance so far.
The original limit was 105 percent, which helped very few Arizona homeowners. ...

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Arizona foreclosure help legislation
Arizona Democrats have introduced a package of legislation to help tackle the state's foreclosure crisis, and protect homeowners.
HB 2715 would give homeowners facing foreclosure another 60 days to work out a loan modification.
HB 27404 calls for allowing renters in foreclosure homes to stay in the house and continue to pay affordable rents, and homeowners who lose homes to foreclosure to remain as renters;
HB 2766 requires a landlord to give a renter at least 30 days notice if they have to move out of a foreclosure home
HB 2321 requires homes to be maintained during the foreclosure process.
HB 2739 creates a mandatory ...

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Phoenix home building slows as tax credit expiration looms
The federal tax credit for homebuyers boosted new home sales in metropolitan Phoenix last year. But now the expiration of the credit looms, and new home sales and building have slowed down again.
In January, new home closings in the Phoenix area fell to 479, the lowest level in decades, reports the Phoenix Housing Market Letter. Last November, Valley new home sales surged to 1,3124 as builders offered deals to rival foreclosure prices, and buyers rushed to take advantage of the tax credit. In December 2009, there were 956 new home sales.
Home building also slowed in January. There were 678 permits ...

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Phoenix-area home prices up in latest Case-Shiller index
Metro Phoenix home values inched up in the latest S&P/Case-Shiller 20-city home-price index. Between November and December of 2009, home prices ticked up 1.2 percent in the Valley, on a seasonally adjusted basis.
Overall, the 20-city index climbed 0.3 percent for the period. Phoenix was one of only five cities to post an increase in home prices. Los Angeles posted the largest increase, 1.4 percent.
Year-over-year, the Valley saw home values drop 9.2 percent on the index. While the data lags due to the time it takes to research home prices across the country, Case-Shiller is considered the best national index tracking ...

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Arizona to share $1.5 billion in new federal foreclosure aid
Arizona is one of five states that will split $1.5 billion from a new federal program aimed at helping regions hardest hit by home foreclosures.
President Barack Obama announced the new funds Friday in Las Vegas as part of a government push to reduce the number of homes falling into foreclosure by assisting unemployed homeowners and other struggling borrowers.
Because foreclosures damage home values and have been a critical factor in the collapse of the housing market, any recovery will have to be preceded by a slowdown in repossessed homes.
Almost a year ago in Mesa, Obama announced the $75 billion Home ...

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Who has received a loan modification?
The federal foreclosure prevention program has aided about 12 percent of the U.S. homeowners who have applied, according to the latest statistics.
At least one million borrowers have applied. Another 76,000 homeowners have been approved and should have loan modification soon, according to the U.S. Treasury Department.
Another 830,500 borrowers are in "trial modifcation" periods.
Have you received a successful loan modification? Please tell me about it at catherine.reagor@arizonarepublic.com
  ...

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New Ariz. housing study outlines need for autistic adults
Several of Arizona's leading real estate groups have tackled a growing national housing problem in a new report: Opening Doors: A Discussion of Residential Options for Adults Living with Autism and Related disorders,
During the next 15 years, more than 500,000 children with autism disorders will become adults. Now, most adults with autism live with their aging parents, who won't outlive their children. Autistic adults currenlty have few options for housing away from their families.
“The potential crisis in housing and services for this population is an issue not only for families and local communities, but for society as a whole,” said ...

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