WASHINGTON — David Foster, who sold his condo in Chicago last month, isn’t plugged into Capitol Hill’s political games. But he has banked the financial future of his family on Congress accomplishing at least one thing during the post-election session that began this week: Renewing the expired Mortgage Forgiveness Debt Relief Act so that he and his wife and three young children aren’t crushed by unaffordable taxes next year on the $100,000 his lender agreed to cancel as part of a short sale.
The Marana Planning Commission has again recommended approval of a controversial plan to convert a historic guest ranch into a 178-unit gated community. The Town Council will consider the proposal for the second time in December. All six of the commissioners present at Wednesday night’s meeting recommended approval, despite neighbors’ concerns about ceaseless development draining the area’s water supply and encroaching on wildlife in a fragile watershed area.
Two local real estate agents have been reprimanded by the Arizona Department of Real Estate for various violations. Alexander Aunon of Tucson was fined $5,000 and had his license revoked for violations including misrepresentation, accepting compensation outside of an employing brokerage, and failure to remit money to a client.
SALES EMS Leasing Co. LLC has purchased a 65,250-square-foot building on 355,885 square feet of land at 1150 West Drexel Road for a price of $9,890,000. Rick Volk, Kevin Volk, and Terry Dahlstrom of Volk Co. represented 1150 Drexel LLC and Sandrex LLC in the sale.
Tucson was chosen as the pilot city for a community program to help more people become homeowners. Ready, Set, Own was created to provide potential homebuyers with information and resources they need to start the process of buying a home, says the program’s sponsor, Philadelphia-based private mortgage insurer Radian Guaranty Inc. Participants will be paired with local credit counselors and mortgage lenders to create a personalized step-by-step plan to purchase a home.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Tucson Association of REALTORS® Multiple Listing Service (TAR MLS), the Green Valley/Sahuarita Arizona Multiple Listing Service (GVAR MLS), and the Southeast Arizona Multiple Listing Service, Inc. (SAAR MLS). Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX/RETS data is deemed reliable but is not guaranteed accurate by the MLS.
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