Phoenix Urban Living News. Real Estate In Phoenix Arizona

Phoenix Hotel Monroe On Hold. Phoenix Downtown Projects Affected

June 26th, 2008 Posted in Downtown Phoenix, High-Rise, Real Estate News | 1 Comment »

Lender’s downfall puts Phoenix downtown in limbo

The financial storm brewing around Mortgages Ltd. has touched two key downtown Phoenix projects, a blow to ongoing efforts to reinvigorate the city’s heart.

There is no more loan money to fund construction and renovation work for Hotel Monroe, a high-profile luxury project, the developer said Tuesday.

And a proposed Jackson Street entertainment district is looking for new lenders for a land deal.
And it was unclear if other downtown projects could be next.

It’s unknown what developments are among the estimated 70 loans in the embattled Phoenix company’s $925 million loan portfolio.

The downtown projects are significant because Phoenix and state officials have invested years of planning and millions of taxpayer dollars to resuscitate what had once been a sleepy business district.

On Tuesday, city officials downplayed the impact, noting that Phoenix has many successful downtown projects under way. That includes the expanding Arizona State University downtown Phoenix campus, the $600 million convention-center expansion and the nearly complete 1,000-room Sheraton hotel project, said Phoenix’s downtown-development director John Chan.

“One segment of the market is slowing down, but there are a lot of positive things going on in downtown Phoenix,” said Chan,adding that the Mortgages Ltd. meltdown is a symptom of the national credit crisis.

Yet, the Mortgages Ltd. fallout left two projects scrambling for new lenders.

• On Tuesday, the developer behind a $100 million boutique-hotel project announced that renovations at the historic 1930s office building are winding down. The renovated hotel was expected to open Oct 1.

Its developer, Grace Communities, has been paying contracting expenses out of its reserves because Mortgages Ltd. has stopped funding its loan, which was for $75.6 million, said Jonathon Vento, a partner with Grace.

He declined to estimate how long the project would be delayed, noting that the company is in the process of renegotiating contracts with vendors.

Mortgages Ltd. has said it believes lawsuits filed by Grace and other borrowers are efforts by borrowers that are in default to buy time.

Vento insists Grace has not defaulted on any loan payments to Mortgages Ltd. and that the lender’s claims are attempts to distract attention from its financial situation.

• Mortgages Ltd. has also loaned an undisclosed “seven figures-plus” sum to Dale Jensen, one of the developers behind a planned Jackson Street entertainment district near Chase Field, Jensen said.

Jensen is looking for another lender to take over the loan, which helped finance a land deal connected to the entertainment district.

“That’s all I am doing night and day, arranging alternate financing,” Jensen said, adding that the loan helped to buy two city blocks directly south of the Summit at Copper Square condo tower.

Jackson Street has also faced delays, but they are unrelated to the Mortgages Ltd. problem, Jensen says.

Mortgages Ltd., the state’s largest private lender, filed for Chapter 11 bankruptcy Monday. On Tuesday, Judge Randolph Haines granted Mortgages Ltd.’s motion to convert the case to voluntary Chapter 11, but tabled a request from Grace to appoint an independent trustee to take over the lender’s operations.

Mortgages Ltd. has made several changes to its business, prompted by the apparent suicide of Chairman and CEO Scott Coles on June 2.

The company financed commercial real-estate projects for developers using money it raised through accredited investors to fund the loans.

Since Coles’ death, the company said it is no longer making loans or accepting new money from investors.

Effects from the case have rippled to projects across the Valley. In addition to Phoenix projects, the lender’s borrowers include developers in Tempe and Scottsdale.
Source: AZ Republic

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Is Your Phoenix New Home Really Green or Just Efficient

June 26th, 2008 Posted in Cool Facts, Did You Know?, Real Estate News | 1 Comment »

Is Your Phoenix New Home Really Green or Is It Efficient

Different shades of green

Over the past six months, large-scale home builders have incorporated claims of environmental friendliness into their marketing efforts like never before.

Some of those claims are even backed by real improvements in design, construction and materials.

Still, home designers and builders who were green before green was gold say the mass-market version of their philosophy often misses the point. Philip Beere bristles when asked about mainstream home builders’ recent appropriation of the word green.

Beere recently remodeled a 1960s home in central Phoenix to obtain the U.S. Green Building Council’s Leadership in Energy and Environmental Design Gold Certification, which is about as green as it gets.

“I think it’s great that the big builders are getting on board to make a better home,” said Beere, a green-leaning Scottsdale entrepreneur who formed Green Street Development in 2007 with proceeds from his successful cleaning business, Ecofresh Planet.

“However, it should be advertised for what it is, which is an efficient home, not a green home.”

Sure, custom-home builders may be painting with a deeper shade of green, Shea Homes executives say, but their company has a much broader brush.

San Diego-based Shea Homes, one of the country’s largest home builders, launched an initiative in January to reduce the overall carbon footprint - the carbon-based pollution caused by human activities - of each new home inside its Trilogy communities by 20 to 30 percent.

The homes also feature better ventilation, conserve more water and require less lumber to build, said Hal Looney, area president of Shea Homes Active Lifestyle Communities.

Though they do not meet all the Green Building Council’s certification requirements, the overall reduction in environmental impact will be significant, he said.

“We’re building a couple of thousand homes, so the impact will be a lot greater than four or five custom homes,” Looney said.

Shea Homes estimates that over the next 10 years, the implementation of its Shea Green Certified Home program will save the equivalent of more than 8.5 million gallons of gasoline and have the same carbon-reducing effect as planting 1.9 million trees.

“It will be a better place for everybody,” Looney said.

Arizona State University architect Daniel Glenn said he supports the efforts of mass-market home builders to reduce consumption of energy and natural resources, but being green is not that easy.

“It’s really problematic to think about building green when you’re talking about these large-scale bedroom communities,” he said, “because large-scale bedroom communities are inherently not green.”

Glenn, associate director of ASU’s Stardust Center for Affordable Homes and the Family, said production home builders have developed a tendency to “green-wash” practices that actually contribute to the pollution problem.

The biggest problem has to do with where they are building homes: places like Trilogy at Vistancia, more than 30 miles from downtown Phoenix, in Peoria.

“The further out you go, the less green it is by definition,” Glenn said, which is why the Green Building Council strongly encourages in-fill development and urban redevelopment.

“You can have the greenest home in the world, but if your commute is 20 to 30 miles, you’re not living a green lifestyle.”

But what if the homeowner drives a Toyota Prius, which gets up to 50 miles per gallon? Shea is including a new Prius with every Trilogy home, Looney said.

Again, Glenn applauded Shea for attempting to reduce the environmental impact of its remote location.

Still, he said commuting 30 miles each way in a Prius doesn’t leave much time for community-building, another pillar of the green philosophy.

“Is people spending three hours a day in a car socially beneficial?” he said.

Valley real-estate analyst RL Brown said large home builders have avoided revolutionizing the industry to reduce the carbon footprint of their communities, because their customers have been far more concerned about price than environmental impact.

Beere plans to put his custom green-home project on the market next week at a list price of $882,680, enough money to buy two midrange Shea Green Certified homes.

But consumer attitudes about the value of conservation are changing, Brown said, due in part to rising energy costs and concerns about global climate change.

“I think we’re going to see, finally, the coming of the green, with serious efforts and not just lip service,” he said.

Looney said large builders such as Shea have the ability to make green homes affordable to the middle class by ordering enviro-friendly products in bulk and teaching contractors new techniques that conserve resources.

Glenn said frugal home buyers should consider paying a bit more for a home that will reduce their energy consumption, because no one knows what will happen to energy prices in the future.

“You can’t get a 30-year, fixed-rate energy bill,” he said.Source: J. Craig Anderson - The Arizona Republic

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Peoria AZ Foreclosures. Peora AZ Foreclosure Market

June 25th, 2008 Posted in Real Estate News, West Valley | 1 Comment »

Peoria AZ Foreclosures

Peoria bolsters fight against foreclosuresPeoria has stepped up its efforts to identify vacant foreclosed homes before they become blight on a neighborhood.

The city’s utility staff and trash haulers are now taking note if they suspect an abandoned home, such as trash cans not placed at the curb. Police are then made aware of the vacant homes and keep an extra set of eyes on them.

“The county is plagued by foreclosures due to the financial crisis,” City Manager Terry Ellis said. “It’s a problem in our neighborhoods.”
Staff last week gave the City Council an update on a newly formed foreclosure task force, charged with coming up with solutions to reduce the impact of abandoned homes in neighborhoods. Representatives from a number of city departments, including city attorney, police and community development, serve on the committee.

One in 33 homes on average are in foreclosure nationwide, said Glen Van Nimwegen, Peoria’s director of community development. In Arizona, one in 18 homes are in some state of foreclosure and as of May, Peoria showed 1,397 homes in the process of being taken back by lenders, Van Nimwegen said.

Arizona and Florida showed the highest foreclosure numbers in the country - the two states were the fastest-growing, which prompted home values to peak and encouraged bad loans, he said.

Peoria currently employs a number of tactics to deal with foreclosed homes that are neglected and overgrown with weeds, becoming neighborhood eyesores.

The city can issue citations to homeowners and with the city manager’s approval do immediate abatement at homes with imminent hazards, such as green pools and broken windows, said Van Nimwegen.

The city also uses volunteer groups to clean up an abandoned property after securing permission from the lender to access the site, Van Nimwegen said. He said lending institutions are starting to become more responsive to the problem.

Councilwoman Vicki Hunt at the end of last week’s council meeting issued a plea to civic groups for such volunteers.

“We will get the permission for you if your group steps forward,” she said.

The city also can go onto a property, do the necessary cleanup and then slap a lien on the home to recoup the costs, but only through the abatement process, Van Nimwegen said. That process requires a notice and appeals by the property owner, he added.

Councilman Ron Aames asked why, if a homeowner can’t be located for permission to access the property, can’t the city declare the site an immediate danger and abate it because overgrown weeds can become a fire hazard.

“My biggest concern is the front yard,” Aames said. “You have just one of those homes and it brings down the entire neighborhood.”

City Attorney Steve Kemp said the city has to show significant conditions with a property to take that route.

“Property owners have the right to control access to their property,” Kemp said.

Also, he said, placing a lien on a property has limited success.

Oftentimes, the value of the loan far exceeds the value of the property and sometimes there are two and even three loans taken out on a property, meaning the city rarely collects the lien.

When a homeowner is in foreclosure, other bills are not paid and bankruptcy is pursued, discharging the homeowner’s debt, including the lien, Kemp said.

“The city fronts all the abatement costs,” he said. “The city doesn’t recover a significant amount from the abatement of a property.”

Kemp said it cost the city anywhere from a few thousand dollars to $30,000 in one extreme case for abatement.

Van Nimwegen suggested the city work within its current ordinances and advised expanding the Neighborhood Pride program and creating a central point of contact for other departments to report vacant homes.
Source: Cecilia Chan - The Arizona Republic

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Phoenix July 4th Events. Arizona 4th Of July Events

June 24th, 2008 Posted in Cool Facts, Did You Know?, Lighter Side, Phx Area Events | No Comments »

Phoenix July 4th Events. Arizona 4th Of July Events

Celebrate America: 6 p.m. June 29. Celebrate Independence Day with a patriotic concert featuring classic American rock music, and traditional patriotic songs. North Phoenix Baptist Church, 5757 N. Central Ave., Phoenix. Free. 602-707-5757. npbc.org.

Fourth of July Swing Dance Convention: 10 a.m. Thursday and Friday, 9 a.m. Saturday and Sunday, 6 p.m. Wednesday, July 2-6. Twelve swing-dancing workshops and 15 competitions. Featuring $16,000 in prize money and time for social dancing. Arizona Biltmore Resort & Spa, 2400 E. Missouri Ave., Phoenix. $219 weekend hotel and pass; $110 weekend pass; $109 hotel; $15 Gary Jobst Workshop; $10 all other workshops; free social dancing. 800-598-2538. www.usaswingnet.com/phoenix/index.htm.

Light up the Sky: 7-10 p.m. July 3. The event will have rides, games, arts, crafts and fireworks. Maryvale Baseball Park, 3600 N. 51st Ave., Phoenix. Free. 602-262-6575. Map it

Rev, White and Boom: 6-9:30 p.m. July 3. Tour the raceway, enjoy entertainment and watch fireworks. Food, beverages and activities will be available. Phoenix International Raceway, 7602 S. Avondale Blvd., Avondale. Free admission. 623-333-2400. www.avondale.org/events.

West Valley

Magnificent Mondays: 11 a.m.-12:30 p.m. June 30. Age 3 and older work on a Fourth of July project. Foothills Branch Library, 19055 N. 57th Ave., Glendale. Free. 623-930-3830. glendaleaz.com/library.

Independence Day: 6:30 p.m. July 3. Live music, food and activities. Fireworks set for 9:15 p.m. Bring a blanket. Estrella Lakeside Amphitheatre, 10300 S. Estrella Parkway, Goodyear. Free. 623-386-1000. http://www.ci.goodyear.az.us/.

Valley-wide

Fourth of July Jewelry Making: 10 a.m.-6 p.m. July 1. Use red, white and blue beads to make patriotic necklaces. Guadalupe Branch Library, 9241 S. Avenida del Yaqui, Guadalupe. Free. 602-652-3000. http://www.mcldaz.org/.

American Eagle Craft: 10 a.m.-6 p.m. July 2. Make crafts with toilet tissue. Guadalupe Branch Library, 9241 S. Avenida del Yaqui, Guadalupe. Free. 602-652-3000. http://www.mcldaz.org/.

Red, White and Blue Family Parade: 7:15 p.m. July 2. The parade features floats, scooters, bikes, kids and dogs. Paul Mason Sportsplex, 2525 N. Pinal Ave., Casa Grande. Free. 520-421-8677. www.cir.org/seasonal-fourth.html.

Annual Fireworks Celebration: 8:45 p.m. July 3. Watch the fireworks show overlooking the lake. Lake Pleasant Regional Park, 41835 N. Castle Hot Springs Road, Morristown. $5 per vehicle park entry fee; $2 per watercraft. 928-501-1710 or 602-372-7460. www.maricopa.gov/parks/EventsDetailPublishers.aspx?date=7/3/2008&eventID=6422.

Fourth of July Festivities: 6 p.m. Thursday, 7:30 a.m. Friday, July 3-4. Watch a youth talent show, followed by a street dance with the band Train Wreck Thursday. Friday activities include the Pets and People Parade at 7:30 a.m. and entertainment all day long. Fireworks start at dusk at the Paiz/Stone Complex. Veterans Memorial Park, 3105 E. Fry Blvd., Sierra Vista. Free. 520-266-2304. http://www.visitsierravista.com/.

Third of July Fireworks: 6 p.m. July 3. Live entertainment, outside barbecue, drink specials, and prizes. Reservations required, recommended time: 6-9 p.m. For all ages. Fireworks begin at 9 p.m. Harold’s Cave Creek Corral, 6895 E. Cave Creek Road, Cave Creek. Free. 480-488-1906. http://www.haroldscorral.com/.

Fourth of July Barbecue: Thursday through Saturday, July 3-5. Barbecue meal to celebrate Independence Day. Reservations required. Call for times. JW Marriott Starr Pass Resort & Spa, 3800 W. Starr Pass Blvd., Tucson. $35; $15 children 10 and under. 520-792-3500. http://www.jwmarriottstarrpass.com/.

July 4-6

Phoenix

Freedom Wireless Fabulous Phoenix Fourth: 6-9:35 p.m. July 4. Kids rides, food court, scheduled events and fireworks at 9:15 p.m. Steele Indian School Park, 300 E. Indian School Road, Phoenix. Free. 602-534-3378. phoenix.gov.

Fourth of July: Friday and Saturday, July 4-5. Featuring poolside activities for kids, spa and golf for adults, and an evening poolside movie of Ratatouille on July 4 and National Treasure: Book of Secrets on July 5. JW Marriott Desert Ridge Resort and Spa, 5350 E. Marriott Drive, Phoenix. $169 per night; for guests only. 480-293-5000. desertridgeresort.com.

Scottsdale

Grand Ol’ Fashioned Picnic: 5-7:30 p.m. July 4. Celebrate with old-fashioned games, patriotic arts and crafts, and watermelon, chili and pie-eating contests. Bring your homemade chili to be judged. Scottsdale Stadium, 7408 E. Osborn Road, Scottsdale. Free. 480-312-2771. www.scottsdaleaz.gov/events.asp.

July Fourth Celebration: 5-8 p.m. July 4. Tug-of-war, live music and crafts, watermelon eating contest and more. No fireworks. Eldorado Park, 2311 N. Miller Road, Scottsdale. Free. 480-312-2771.

Independance Day Bounce: 9-11 a.m. July 4. Flags, balloons and bouncing to celebrate the Fourth of July. BounceU, 8970 E. Bahia Drive, Suite 104, Scottsdale. $6.95 for first child; $5.95 for each sibling. 480-502-0210. http://www.bounceu.com/.

Freedom Parade: 8:30 a.m. July 4. Decorate your strollers, bicycles, skateboards, horses, pets, golf carts or wagons and participate in the parade, or go to watch. Mescal Park, 11015 N. 68th St., Scottsdale. Free. 480-991-7955 or 602-570-0303. www.scottsdaleaz.gov/Parks/neighborhood/mescal.asp.

East ValleyCBS5 July Fourth Tempe Town Lake Festival: 4-11 p.m. July 4. Seven hours of live music, inflatable village for all ages, and fireworks. Tempe Town Lake, Rio Salado Parkway and Mill Avenue, Tempe. $6; age 12 and younger are free. 480-350-8625. http://www.tempe4th.com/.

Hot Dog Theme Day: 1-3 p.m. July 4. Get a free hot dog to celebrate Independence Day. Kiwanis Park Wave Pool, 6111 S. All-America Way, Tempe. $6; $3 for age 2-12. 480-350-5740. www.tempe.gov/kiwanis.

Mesa’s Fourth of July Celebration: 6 p.m. July 4. Entertainment and kiddie rides ending with fireworks at 9 p.m. Also offers food and drink for purchase. No bags, backpacks, coolers, fanny-packs or alcoholic beverages. Mesa Community College, 1833 W. Southern Ave., Mesa. $5 for parking and admission; $1 for admission if not parking on campus. 480-461-7000. http://www.mc.maricopa.edu/.

Independence Day Celebration and Fireworks Spectacular: 4 p.m. July 4. In addition to fireworks at 9:30 p.m., the event features live music, a kids carnival and a bike parade. Activities include a 35-foot waterslide, 24-foot rock-climbing wall, a dunk tank and water games. Tumbleweed Park, 2250 S. McQueen Road, Chandler. Free. 480-782-2735. http://www.chandleraz.gov/.

Fourth of July Celebration: 5:30 p.m. July 4. Features live music, a cowboy costume contest, a barbecue, decorated buggy rides, face painting and balloon sculpturing. Fireworks start at 9:30 p.m. Rawhide at Wild Horse Pass, 5700 W. North Loop Road, Chandler. $3-$65. 480-753-7676. www.rawhide.com.

Fourth of July Celebration and Anniversary Party: 11 a.m.-11 p.m. July 4. Families enjoy carnival games, prizes every 15 minutes, live music by the Weezul Brothers from 6-10 p.m. and hotdogs and hamburgers grilled outdoors. Benefits The Choir Boys of Arizona. Red, White & Brew, 4850 S. Gilbert Road, Chandler. Free. 480-305-6993. www.rwbaz.com. http://www.azchoirboys.org/.

Miss Chinese Environmental Contest: 4 p.m. July 4. Chinese community celebrates the fourth of July and a Miss Chinese Environmental contest with dinner. Contest begins at 5:30 p.m. Phoenix Preparatory Academy, 735 E. Fillmore St., Phoenix. $6 includes dinner. 602-321-1898.

West Valley

Fourth of July Celebration: 7 p.m. July 4. Celebration includes swimming, water slides, food, music, a patriotic program, a F-16 flyover by a Luke Fighter Squadron and fireworks. Free swimming at GCC pool begins at 1 p.m.; doors open for night events at 6 p.m.; fireworks at 8:40 p.m. Glendale Community College Community Pool, Glendale Community College 6000 W. Olive Ave., Glendale. Free. 623-930-2299. www.glendaleaz.com/events.

All-American Festival: 5-10 p.m. July 4. Kids zone, concessions, two stages of live music, fireworks and water activities. Fireworks begin at 9:15 p.m. No alcohol or glass containers are permitted. Peoria Sports Complex, 16101 N. 83rd Ave., Peoria. $5 for ages 13 and older. 623-773-7198. http://www.peoriaaz.com/specialevents/.

Road Racers 3: 6:30 a.m. July 4. 5K run and walk. Registration required. Rio Vista Community Park, 8866 W. Thunderbird Road, Peoria. $12. 602-954-8341. http://www.arizonaroadracers.com/.

Surprise’s Fourth of July Celebration: 6-8:30 p.m. July 4. Enjoy live music, water zone and food. Surprise Recreation Campus, 15850 N. Bullard Ave., Surprise. $5 for children; $10 for adults. 623-266-4500. http://www.surpriseaz.com/.

Fourth of July Celebration: 10 a.m.-10 p.m. July 4. Splash Bash, food, music, F-16 flyover and fireworks. Litchfield Park, 214 W. Wigwam Blvd., Litchfield Park. Small fee for the Splash Bash. 623-935-5033. az-litchfieldpark.civicplus.com/index.asp?NID=106.

Star Spangled Arts and Crafts Booth: 6:30-8 p.m. July 4. Ages 2-12 celebrate the holiday making bug-themed arts and crafts. Goodyear Branch Library, Goodyear City Hall 190 N. Litchfield Road, Goodyear. Free. 602-652-3000. http://www.mcldaz.org/.

Star-Spangled Fourth: 6:30-10 p.m. July 4. Live music from Billy’s Gone and Shallow Water. Food, beer garden, kids zone, and water rides. Fireworks at 9:35 p.m. Goodyear Community Park, 3151 N. Litchfield Road, Goodyear. $10 all you can ride kids’ wristbands. Event is free. 623-882-7534. http://www.goodyearaz.gov/.

Valley-wide

Fourth of July Buffet: 6:30 a.m.-2 p.m. Friday through Sunday, July 4-6. Brunch features champagne mimosas, eggs Benedict, a waffle station, posole bar and chilequilles. Signature Grill, JW Marriott Starr Pass Resort & Spa 3800 W. Starr Pass Blvd., Tucson. $22; $11 for children. 520-792-3500.

Freedompalooza: 6 p.m. July 4. Event includes two stages with 10 bands, and a barbecue. Club Congress, Hotel Congress 311 E. Congress St., Tucson. $5. 520-622-8848. www.hotelcongress.com/club.

Sidewalk Egg-Fry Competition: noon July 4. Fry two eggs on a piece of aluminum foil on the sidewalk. Various prizes given. The event begins with the Ghostrider Gunfighters and takes place on Route 66. Oatman Chamber of Commerce, P.O. Box 423, Oatman. Free. www.oatmangoldroad.com/events.htm.

Old-Fashioned Fourth: 10 a.m.-noon July 4. Children enjoy games such as cake-walks, sack races, hula hoops, and rubber-duck ring toss. Tubac Presidio State Historic Park, 1 Burruel St., Tubac. Free. 520-398-2704. http://www.tubacaz.com/.

Fourth of July: 4 p.m. July 4. Bring a blanket or chair for a fireworks display. Food and beverage available. Tubac Golf Resort & Spa, 1 Otero Road, Tubac. $65 for VIP ticket, which includes special meal, seating and parking; $5 for parking. 520-398-3522 or 520-398-2704. http://www.tubacaz.com/

July Fourth Celebration: 9 a.m.-9:15 p.m. July 4. Parade starts at Fifth Street to Gila to Seventh Street, which is followed by a water fight at Lions Park. Entertainment and music continues all day with fireworks at 8:45 p.m. Benson, Benson. Free. 520-586-4293. http://www.bensonvisitorcenter.com/.

Fourth of July: 9 a.m. July 4. Coaster races down Tombstone Canyon begins the event. Between heats, the Bisbee Iron- Man Mile footrace starts at the Iron Man statue. A parade at 11 a.m. is in the Warren section. The contest of the traditional mining activities of mucking begins at 2 p.m. and hard-rock drilling at 4 p.m. at Brewery Gulch. Fireworks are at dark at Vista Park in Warren. Bisbee, Bisbee. Free. 520-432-6016. http://www.discoverbisbee.com/.

Fourth of July Softball Tournament: 9 a.m. July 4. Enjoy food and street entertainment after the tournament. Watch fireworks at dusk. Medigovich Field, Mountain View Road north of Arizona 80, Tombstone. Free. 520-457-3994.

Fire Over the Water: 4 p.m. July 4. Information, exhibits, kids activities, souvenirs, and raffle. Rubber duck race begins at 6 p.m. and fireworks at 8:30 p.m. Lyman Lake State Park, 11 miles south of St. Johns on U.S. 191, St. Johns. Free. 928-337-4441. http://www.pr.state.az.us/.

July Fourth Celebration: 10 a.m.-1 p.m. July 4. Clarkdale celebrates its Fourth of July with a parade at 10 a.m., a barbecue at the Verde Valley Railroad station at 11 a.m., and music by a Dixieland band at 12:30 p.m. Clarkdale, $7 for barbecue. 800-320-0718.

Firecracker Express: 1-5 p.m. July 4. Enjoy a patriotic train ride through the Verde Canyon. Verde Canyon Railroad, 300 N. Broadway Road, Clarkdale. $34.95-$79.95. 800-320-0718. http://www.verdecanyonrr.com/.

Rockets Over the River: 9 p.m. July 4. Fireworks over the Colorado River. Best viewing is along the river, south of the Laughlin Bridge. Bullhead City, Free. 702-298-2214. www.bullheadchamber.com/calendar.htm.

Fourth of July Family Day: 10 a.m.-2 p.m. July 4. Activities and games during open swim for all ages. Palm Island Family Aquatics Park, Carr-McNatt Park 1115 N. Brown Ave., Casa Grande. $1; 50 cents for age 17 and younger. 520-421-8650.

Fourth of July Family Day: 5 p.m. July 4. Old-fashioned celebration with food, games and live entertainment. Fireworks at 8 p.m. Paul Mason Sportsplex, 2525 N. Pinal Ave., Casa Grande. Free. 520-421-8677. www.cir.org/seasonal-fourth.html.

Prescott Rodeo Days Fine Arts and Crafts Show: 9 a.m.-5 p.m. Friday through Sunday, July 4-6. Showcases more than 150 artists. On the lawn outside of the courthouse. Courthouse Square, Montezuma and Gurley streets, Prescott. Free. 928-443-5200. http://www.prescottdowntown.com/.

July Fourth at the Fort: 2 p.m. July 4. Event features kids zone, food-eating contests, limbo, and entertainment. Event for all ages, however contest participants must be age 21 and older. Fireworks at 9:45 p.m. Fort McDowell Casino, 10424 N. Fort McDowell Road, Fort McDowell Reservation. Free. 800-THE-FORT or 480-837-1424. http://www.fortmcdowellcasino.com/.

Red, White and Boom: 5-10 p.m. July 4. Fun booths, vendors, food, beer garden, music and fireworks. Old Home Manor Fields, 2100 Old Home Manor Drive, Chino Valley. Free. 928-636-9780. http://www.cv4th.com/.

Freedom Fest: 10 a.m. July 4. Start the day in the pool for open swim and water games before forming teams for the Mud Volleyball tournament. Also participate in the horseshoe tournament, and country-singing contest. A parade will begin at 6:45 p.m. Fireworks start at 8:30 p.m. Heritage Park, 600 N. Main St., Florence. $30 per volleyball team; $10 per horseshoe team; other events free. 520-868-7589. http://www.town.florence.az.us/.

Star-Spangled Spectacular: 6-11 p.m. July 4. Inflatable games, face painting, food, arts and crafts booth, and watermelon-eating contests. Fireworks start at 9 p.m. Ora Mae Harn Park, 13250 N. Lon Adams Road, Marana. Free. 520-382-1950. http://www.marana.com/.

Patagonia’s Fourth of July: 11 a.m. July 4. Begin the day with a parade and hanging of Grand Marshall at the Town Gazebo. Also enjoy music, food and vendors in the park. Fireworks start at 8 p.m. at Patagonia High School. Omitted, Free. 888-794-0060. http://www.patagoniaaz.com/.

Independence Day Celebration: 6 p.m. July 4. Includes hot dogs, watermelon, a waterslide and music. Fireworks start with an F-16 flyover at 7:30 p.m. Tolleson Veterans Park, 8601 W. Van Buren Ave., Tolleson. Free. 623-936-7111. http://www.tollesonaz.org/.

Clint Black: 7:30 p.m. July 4. The country singer performs with Amy Scruggs. Held at the Stargazer Pavilion. Doors open at 6 p.m. Cliff Castle Casino, 555 W. Middle Verde Road, Yavapai-Apache Reservation. $35. 928-567-7999. http://www.cliffcastlecasino.net/.

Fourth of July: noon July 4. Dive for soda, candy and money in the pool. Activities include arts and crafts, bouncers, games and a DJ. Food available. Fireworks begin between 9-9:30 p.m. Kenilworth Sports Complex, 671 E. Coolidge Ave., Coolidge. Free. 520-723-4551. http://www.coolidgeaz.com/.

Fourth of July Weekend Side Trip: 10 a.m.-5 p.m. Friday through Sunday, July 4-6. Experience a barbecue with dishes from various nations, including Korea, Spain and Thailand. Served from 11 a.m.-4 p.m. San Dominique Winery, Interstate 17 and Arizona 169, Camp Verde. $6.75; $4.75 for children. 602-549-9787.

Old-Fashioned Fourth: noon-9 p.m. July 4. Food, dunk tank, bouncy house, rock climbing wall and live bands. Fireworks start at dark over Green Valley Lake. Green Valley Park, 600 N. Green Valley Parkway, Payson. Food ranges in price from $1-$5. 928-474-5242, ext. 7. http://www.paysonrimcountry.com/.

July Fourth Block Party: 4 p.m. July 4. Art and antique walk, classic car displays, magician at Deming History Park, food, watermelon eating and seed-spitting contest and carnival games at Presbyterian Church and live bands. Main Street, between Meadow and South Mclane, Payson. Free. http://www.paysonrimcountry.com/.

Celebrate Freedom: 10 a.m.-midnight July 5. Family activities during the day followed by musical performances and fireworks in the evening. Marks the kick-off of the two-month Miller Lite/Harley Davidson anniversary giveaway. Old Tucson Studios, 201 S. Kinney Road, Tucson. $16.95; $10.95 for age 4-11. 520-883-0100. http://www.oldtucson.com/.

All-American Independence Day Festival: 10 a.m.-6 p.m. July 5. Activities include a go-cart rally, an obstacle course, a duck race, a silent auction, a barbecue, face painting and contests. Benefits Firewise East Verde Park. East Verde Park, Arizona 87 and East Verde Turnoff, Payson. Free admission; prices vary for events. 928-474-3883.

Phoenix Free MLS. Home Prices Fall At Record Rate

June 24th, 2008 Posted in Real Estate News | No Comments »

Home Prices Fall At Record Rate

Associated Press: U.S. home prices tumbled in April at the fastest rate since a widely followed index was begun in 2000 with all 20 metropolitan areas surveyed posting annual declines for the first time.The Standard & Poor’s/Case-Shiller home price index of 20 cities fell by 15.3 percent in April versus a year ago, according to Tuesday’s report. Prices nationwide are at levels not seen since August 2004.

The narrower 10-city index declined 16.3 percent in April, its biggest decline in its more than two-decade history.

Meanwhile, a report from the Office of Federal Housing Enterprise Oversight said U.S. home prices fell 4.6 percent in April from the same month last year, when the index peaked. That marked the biggest decline ever in the agency’s monthly index which dates back to January 1991.

The government index is calculated using mortgage loans of $417,000 or less.

While the government report has shown nationwide price declines, the Case-Shiller index has shown far greater drops because it focuses on larger cities where prices rose further during the boom years, and includes riskier loans.

No surveyed city stayed above water, according to the Case-Shiller index. The last holdout, Charlotte, N.C., finally succumbed to the national housing downturn, with prices there slipping 0.1 percent from a year ago.

Las Vegas and Miami both continue to post the largest declines, falling 26.8 percent and 26.7 percent, respectively.

However, the annual declines in Denver, Dallas and Cleveland were less severe than in the previous month, but Maureen Maitland, a S&P vice president, is reluctant to peg that as an indication of stabilization.

“We wouldn’t call a trend on one-month data,” she said.

The report also showed prices in eight metro areas increased in April from March, but the gains could be seasonal blips as the home-buying spring season starts up rather than a sign of a turnaround, Maitland said.

The housing slump, along with higher food and fuel prices and disruptions in the credit markets, has taken its toll on consumer sentiment.

An industry group Tuesday said U.S. consumer confidence fell unexpectedly sharply in June to the fifth-lowest level ever. The Conference Board’s reading of consumers’ expectations also hit an all-time low.

Ready to find a home at a great price in the Phoenix Metro Area. Speak To A Professional RE/MAX Phoenix Realtor NOW….Call Bette Now : 602-791-1766. We can show you foreclosures, Short Sales, REO, as well as any and all homes for sale in the Maricopa area. Search the complete Phoenix AZ MLS for free at http://www.centralphoenixliving.com

Forex Profit Accelerator Increases Your Profit

June 20th, 2008 Posted in Did You Know? | No Comments »

The Truth About Forex Profit Accelerator From Bill Poulos

“Discover how to spend as little time as possible actively trading while at the same time maximizing your profit potential…”

Special announcement from Bill: Thanks to everyone who already ordered their copy of the Forex Profit Accelerator during its limited 7-day release. As mentioned prior to the release, the Forex Profit Accelerator is not currently for sale but will be released again July 8, 2008. However, as I am satisfied that my charter group of Forex Profit Accelerator students are well on their way to mastering the course, I will reopen the order page and accept new students. This will be in July 8…I promise!! If you would like to be notified when new copies are available, please enter your name and email when you click this link and I’ll add you to my ‘Forex Profit Accelerator Notification List’so you’ll have the first crack at getting a copy of the Forex Profit Accelerator once it becomes available again to the public on July 8, 2008

Forex trading is quickily becoming one of the investing world’s hottest, most rewarding opportunities and it’s chosen as “ideal business” by lot of traders. Many of them have indeed achieved their dreams and reach a level of financial independence and freedom. Some of the people even claim forex trading as “The World’s Most Powerful Home-based Business”.BUT it is not easy!

95% of all retail traders lose to the institutions.

Yes, Forex trading is one of the most lucrative businesses in the world. But for whom? That’s right — the banks and large institutions.

Individual traders need to have the unique methods to level the playing field and profit 10-100 Pips or more every single trading day!

So if you have ANY interest in discovering how to ride the “coat tails” of the big banks to maximize your “pip potential” in the Forex markets, you’re in for a TREAT today…

Introducing Forex Profit Accelerator…

The Forex Profit Accelerator (FPA) course is developed by Bill Poulos, a 30 years trading veteran and dozens of trading systems designer. His previous trading courses have always been designed to take advantage of high probability moves, reinforced with a strong money management formula.

Bill will teach you how to totally eliminate all the stress and strain typically associated with day trading Forex by spending only 20 minutes a night placing your trades. If you enjoy spending hours gazing at charts, then this may not be right for you. The goal in designing FPA was to maximize your “pip potential” while giving you back your time to spend AWAY from the charts.

The idea is to treat the Forex markets as end-of-day markets, he’s found they can offer far more profit potential than the minor swings many day traders kill themselves to capture. And when you learn the right way to trade Forex as an end-of-day market, you can quickly jump from one big swing to another as they’re driven by the Forex market giants - the big banks and other financial institutions, including governments.

While these behemoths react slowly to market changes due to their sheer size, as soon as you learn to spot a big swing, you can get on and “ride their coat tails”. And by the time they’ve turned to look over their shoulder, you’ll have already gone on to the next big swing.

Bill developed four complete methods in identifying when a Forex pair is likely to make a move UP or DOWN. And no matter which way it goes, he created specific trading rules that let you take advantage of those moves and ride them for a huge potential profit.

Method #1 - Instant Pip
The aim is to go after quick hit moves with the trend that are usually 1 to 2 days in duration. The aim of each trade is to take an average of 40 pips up to 100 pips out of the market with strict risk controls.

Method #2 - Pip Maximizer 1
The aim is to go after 1 to 3 week swings in the market with the trend. The goal of each trade is to take an average of 300 to 500 pips out of the market with strict risk controls.

Method #3 - Pip Maximizer 2
The aim is to go after 1 to 3 week swings in the market with the trend. The goal of each trade is to take an average of 300 to 500 pips out of the market with strict risk controls. This is the same objective as with Pip Maximizer 1 Method, but using an entirely different entry strategy that complements the Pip Maximizer 1 Method entry strategy. Used together, these two methods increase the probability of getting on board major market moves dramatically.

Method #4 - Pip Reversal
This counter-trend trading method takes advantage of market divergence. We are going after the initial leg of a countertrend move which may be the beginning of a trend reversal. The aim of each trade is to take an average of 100 to 300 pips out of the market with strict risk controls.

Here are what you’ll be getting with Forex Profit Accelerator package:

Part 1 - The Course

7 CD-ROM video tutorials that you can watch on your computer to learn all four Forex Profit Accelerator methods step-by-step.

The 160-page Forex Profit Accelerator manual, printed in full color for easy reference.

Four “trading blueprints” that summarize all the Forex Profit Accelerator methods in one easy location.

The Quick Start Guide that explains how to use everything that arrives in the big, 5-pound box that will be rushed to your doorstep.

Part 2 - Student Support & Constant Follow-Up

1 year of unlimited student email support. In order to make sure your questions are answered properly and quickly, Bill has hired a full time operations staff to help him make sure his students are successful.

Lifetime access to the Forex Profit Accelerator Members Website where you can get the latest trade examples, bonuses, and Pip Feeder stocks.

The Head Start Guide & Videos that let you get a “jump start” on learning the Forex Profit Accelerator the instant you place your order.

FPA is a HUGE course. But rest assured you can study it very quickly. Bill avoid all the usual boring theory and jargon and speak to you in plain English, very deliberately, in a step-by-step manner so you can quickly and easily grasp the concepts he reveals in the course.

Bill also invested close to $100,000 of his own money researching and producing the course using the latest presentation technologies. So not only is the content excellent, but I think you’ll find it’s one of the most professionally-produced educational courses you will ever see.

Everything about it is first class… and easy to understand.

Without questions, Forex Profit Accelerator is by far the most extensive Forex trading course we have ever seen.

But don’t take my word for it. Click here to sign up for the new July 8 2008 new release notice. Bill Poulos will limit the number of programs, so sign up now to receive the release update on July 8 2008.

Foreclosure ‘Rescue’ Firm To Pay $1.2 Million To Arizona Victims

June 10th, 2008 Posted in Real Estate News | 1 Comment »

Foreclosure ‘Rescue’ Firm To Pay $1.2 Million To Arizona Victims

Homeowners lost their homes thanks to firm’s ‘help’

A company offering a foreclosure rescue service in Arizona violated the state’s Consumer Fraud Act, an Arizona judge ruled, ordering Virtual Realty Funding Company (VRF) and its owner Kenneth D. Perkins to pay $1.2 million in restitution and civil penalties.

In 2005, the Arizona Attorney General’s Office filed a consumer protection lawsuit against VRF after receiving multiple consumer complaints. The company advertised that it could help homeowners who were behind in their mortgage payments avoid losing their homes.

In fact, state said the transactions offered by VRF were structured so that homeowners would transfer title to VRF or sell the home to a business associate of the company.

“This case represents the worst in our community,” Arizona Attorney General Terry Goddard said. “This company took advantage of homeowners desperate to save their homes from foreclosure and deceived them into turning over their homes.”

“The Department of Financial Institutions applauds this court’s order,” said DFI Superintendent Felecia Rotellini said. “The message is clear: Obey the law or you will be held responsible.”

According to court documents, although neither VRF nor Perkins were licensed by the Department of Financial Institutions as mortgage brokers or bankers, VRF lent money to more than 60 homeowners facing foreclosure or in need of money.

It designed the loans, which it called reverse sales, to evade laws protecting mortgage borrowers by structuring them as an outright sale of the property by the borrower, who then rented back the home with an option to repurchase it.

The reverse sale agreements required homeowners to rent back their homes from VRF for a monthly amount equal to the monthly mortgage payment plus an additional charge. In the case of one homeowner, the monthly mortgage payment was $613 and the additional charge was $157, making a monthly rental payment of $770.

In return for “helping” the homeowners keep their homes, VRF agreed to transfer title back to the homeowner through a warranty deed if the homeowner met specific conditions.

Those conditions included the payment of all rent on time (and prior to a specified date, payment to VRF for bringing the mortgage current), unspecified escrow fees and a “funding fee,” which was at times as high as $9,000. If homeowners were late on a rental payment or unable to repay the loan and funding fee within two years, they could lose their homes and any equity in them.