Among the ideas surfacing as the government works on interest rate and housing policy interventions aimed at bolstering the economy is a plan for financing bulk REO sales for renting to private investors that could be structured in a manner similar to TALF/PPIP, an approach some securities analysts said recently they are favoring.

This could be helpful in attracting private capital to REO the way TALF/PPIP was used to attract private capital to distressed securities, Credit Suisse researchers said in a recent conference call.

Dale Westhoff, global head of structured products research at Credit Suisse, said a program like this targeting the housing market could prove more effective than rate-based programs.

Given persistent unemployment and negative equity woes, if there ever was a time for policy to be supportive of housing now is it, he said. It’s critical to focus on stabilizing home prices, Westhoff said.

Individual investors involved in all-cash transactions have been playing an important role in this market and a program that offers levered financing, among other things, could open it up further to institutional investors.

According to data compiled by Credit Suisse, 30% of transactions in the distressed market are cash sales and overall demand remains weak. Its data peg the average distressed discount at 32% as of June, compared to 28% at the end of 2010.

It is essential and important to provide leverage to help bolster the REO market, said Chandrajit Bhattacharya, director, head of nonagency RMBS and ABS strategy at Credit Suisse.

Forty-one percent of distressed sales in 2011 have been from the government-sponsored enterprises, according to Credit Suisse. This program could help with the concern that the GSE share of that market is relatively high, he said.

There are some concerns about how bulk REO sales could affect market prices but Bhattacharya said the program could be structured to address these concerns.

The private investors who buy the REO properties in bulk from the GSEs to rent out with the option to buy could have a minimum three- to five-year holding period, addressing the concern that it would add immediate future supply to the market, Credit Suisse noted.

When asked about the nonagency, securitized market, Bhattacharya said a lot of uncertainties remain both in terms of home prices and regulation, with the former making it challenging to price securities. Home price stabilization could help this market, he said.

When asked if the recent SEC REIT proposal raises questions about the government’s view of leverage, Credit Suisse managing director and head of MBS strategy, Mahesh Swaminathan, said a leverage cap could be used to address this concern. He added that he thinks the government is unlikely to make a move any time soon that would affect REITs’ ability to participate in and support the housing market.

When asked what types of investors would participate under the proposed REO program and how the management of the properties would be handled, Bhattacharya said if the government were to provide leverage it would be essential that large investors would be involved. The government’s interaction would probably be limited to large institutions, he added. Property management would have to be done through independent third parties, Bhattacharya said. The researchers indicated that based on the feedback they have gotten so far they believe there are operators who could manage somewhat large portfolios of single-family homes involved, although this has not been done before to the scale proposed by the program.

Westhoff said there could be certain local markets the program might not work for due to differences in rental demand, but it should work for a significant number of markets.

Real Estate News | Friday, August 19, 2011
Ongoing economic concerns continued to push mortgage rates to new lows, as 30-year and 15-year mortgage rates took another dip, pushing home affordability even higher, Freddie Mac reports in its weekly mortgage market survey.
30-year fixed-rate mortgages: averaged 4.15 percent this week, dropping from last week’s 4.32 percent average. The previous record low for 30-year rates was set on Nov. 11, 2010, when rates reached 4.17 percent. For comparison sake, in 2000, 30-year mortgage rates averaged more than 8 percent and just five years ago they averaged 6.5 percent.
15-year fixed-rate mortgages: averaged 3.36 percent, dropping from last week’s 3.50 percent. Last year at this time, the 15-year fixed rate averaged 3.90 percent.
5-year adjustable-rate mortgages: averaged 3.08 percent, dropping from last week’s 3.13 percent. Last year at this time, the 5-year ARM averaged 3.56 percent.
1-year ARM: averaged 2.86 percent this week, dropping from last week’s 2.89 percent. A year ago, the 1-year ARM averaged 3.53 percent.
“Not surprising, many home owners took advantage of this low mortgage rate environment and have already refinanced their loans,” says Frank Nothaft, chief economist of Freddie Mac. “The refinance share of applications averaged nearly 70 percent of all mortgage activity in the first half of this year, according to our survey. In addition, an increasing share of refinancing borrowers chose to shorten their loan terms during the second quarter.”
Source: “Mortgage Rates Lowest in Over 50 Years,” Freddie Mac (Aug. 18, 2011)

Call Kristin Gragg @ 602-882-3700

Seven startling things most people still don’t know about the national debt, banking and the money supply.

Most people, even smart people, know surprisingly little about the way money really works in Big Government. With the debt ceiling fiasco suddenly raising awareness of the possibility of a total global financial blowout, now seems like a good time to remind people of seven disturbing facts about money that are almost never acknowledge in the old media.

Fact #1 – There is no FDIC insurance fund.

The money at your bank is insured against loss by the FDIC’s insurance fund, right? Nope. That’s total fiction. There is no actual money in the fund. The FDIC insurance money has already been looted by the U.S. Treasury which has simply replaced the money with a bunch of IOUs.

Why does this matter? Because it means that if the U.S. government goes into default, so will the FDIC! And that means all your bank funds have zero insurance. That’s gonna be a big shock for tens of millions of people when they finally figure this out one day…

Fact #2 – There are no social security funds, either.

When you pay social security taxes, all that money goes into a trust fund that’s held for safekeeping until the day it pays you back, right?

Ha! That’s the “sucker’s view” of social security that only ignorant people believe. In reality, there is no money in the social security trust fund because it too has all been looted by the U.S. Treasury and spent. In truth, social security is already broke. Can’t wait for people to wake up and figure this one out, either…

Fact #3 – The U.S. Treasury is stealing money from you every day, even if you pay no taxes!

Here’s a mind-boggling truth that most people just can’t seem to get their heads around: The U.S. Treasury is stealing money from you every single day by the simple fact that they keep creating new money and handing it out to wealthy banksters. Well, technically this is being done by the Federal Reserve, which isn’t even part of the federal government. But it’s all done in cahoots with the Treasury, which is eroding the value of your money through these money creation and distribution actions.

That’s why prices keep going up all around you, folks: Food isn’t suddenly worth more money; the truth is that your money is worth less! That’s how the Treasury and the Federal Reserve steal from you without even breaking into your home.

Probably 99.9% of the population has no understanding of this phenomenon — the erosion of currency valuation through the centralized government printing of more currency. And yet it is a government scam that has been carried out against citizens of the world time and time again, spanning millennia! As history has clearly shown, every nation that goes down the path of printing more currency to pay its bills eventually ends up in a runaway hyperinflation scenario followed by economic collapse. The USA will be no different.

Fact #4 – The “balanced solution” isn’t balanced.

Don’t you love the quirky White House Press Secretary who keeps spewing out the phrase “balanced solution” even while the debt deal leaves the U.S. budget entirely unbalanced?

When you’re spending more money than you’re earning, that’s not financial balance. When the White House says “balanced” what it really means is “compromised” — as in, half way between the Republican position (spend us into purgatory) and the Democratic position (spend us into oblivion). Neither party has any real solution to the cancerous growth of Big Government. That’s because they are creatures of Big Government!

Politicians can no more solve the problems of Big Government than arsonists can solve the problem of office fires. Because they are, themselves, creatures of runaway debt spending (how else do you get elected these days?), they simply do not possess the cognitive framework from which real financial solutions must stem.

Fact #5 – The government is going to steal everything from you before it collapses

Oh my, this is a tough one for people to get their heads around… especially those who naively trust governments to act in the interests of the People. The simple truth of the matter — and I’ve publicly made this prediction before — is that the government is going to STEAL almost everything you own as it heads toward a total financial implosion. This will include:

• The government theft of private retirement accounts. The feds will claim they’re taking them over “for your protection.” Yeah, right. And then one day they will simply all vanish. Kiss your IRA goodbye…

• The government theft of precious metals. Within the next 3 years, watch for a national emergency to be declared, followed by government confiscation of gold and silver. The feds will take your gold and hand you paper money in exchange. The paper money, of course, will be all but worthless shortly thereafter. Only the suckers, of course, will actually turn in their metals…

• Government takeover of your bank accounts. As banks begin to fail in the big collapse, the government will step in and take ownership of the failed institutions, just as it did with Fannie Mae and Freddie Mac (which used to be publicly-owned companies but are now largely just government finance operations). This will put your bank accounts under the direct control of the White House, which can use executive orders to do things like banning all wire transfers out of the country or limiting daily withdrawals and transfers. Sure, you’ll still “own” your money in the bank, you just won’t be able to freely access it!

Fact #6 – Most people have no idea about fractional reserve banking, derivatives, the money supply or the Federal Reserve

It’s not just that most people don’t understand banking and finance; it’s that even members of Congress have no idea how all this works. With few exceptions (like Ron Paul), they’re just clueless!

Get this: Even most bankers don’t even know how fractional reserve banking really works. They don’t understand derivatives, either, which is why they screwed them up so badly in the housing boom that crashed in 2007. And because bankers, investors and bureaucrats have no idea how it all works, they unwittingly turn it all into a runaway catastrophe.

Allowing ignorant adults to play with debt and derivatives is like letting infants play with nuclear weapons. It can only lead to something messy.

Fact #7 – Most people are betting their lives on the dollar

People buy insurance for their cars, their homes and even their health. But when it comes to money, 99 out of 100 people in America are betting their entire financial existence on the U.S. dollar! They get their paychecks in dollars, their savings accounts are in dollars, and all their assets are denominated in dollars. As a result, they have no diversity to protect them against dollar devaluation.

That’s kinda crazy, considering just how quickly the dollar could collapse in the near future and become totally worthless. That’s why smart people are diversifying their assets and converting dollars into land, residential rental properties, gold,  silver or even storable food. Here in central Texas, even ammunition has a long-term barter value that far exceeds dollars.

Looking around at the financial behaviors of others, I’m just stunned at how many people are betting everything on the dollar because they never realized they had any other option (that’s the way the government likes to keep it, of course!).

According to DataQuick, Phoenix-area home sales rose in May, when resales of single-family houses hit the highest level for that month in six years amid near-record levels of investor purchases.

The region’s median price remained at essentially the same level – $120,000 – it’s been at the past six months as distressed property sales continued to account for around two-thirds of the resale market. The median price dropped sharply from a year earlier, however, as the number of homes selling below $100,000 shot up nearly 41 percent year-over-year, a real estate information service reported.

A total of 9,837 new and resale houses and condos closed escrow during May in the combined Maricopa-Pinal counties metro area. That was up 0.8 percent from the month before and up 4.9 percent from a year earlier.

On average, Phoenix-area sales have risen 5.2 percent between April and May since 1994, when DataQuick’s complete Phoenix region statistics begin.

May’s total sales were the highest since 2007, when 10,112 homes sold, and were 8.6 percent short of the average number of May sales since 1994. However, the number of existing (not new) resale single-family detached houses that sold in May was the highest for that month since 2005, while resales of condos were the highest for a May since 2006. The new-home market remained troubled, however, with sales at the lowest level for a May in 14 years.

Sub-$100,000 home sales, which rose 40.8 percent from a year earlier, represented 39.7 percent of all May transactions, compared with 28.8 percent a year earlier.

In May, buyers paid a median $120,000 for all new and resale houses and condos that closed escrow in the two-county Phoenix area. That was the same as the month before but down 13.7 percent from a year earlier. The median has fallen year-over-year for 11 consecutive months.

The May median was 14.2 percent below the highest median recorded over the past year -$139,900 last June – and it stood 54.6 percent lower than the all-time peak of $264,100 in June 2006.

For the past six months the median has vacillated between $119,000 and $120,000 – the lowest levels since late 1998. This reflects several factors, including: recent home price erosion; the high numbers of investors, who target lower-cost homes, especially foreclosures; and an unusually low percentage of new-home sales coupled with an above-average share of existing (not new) condo sales.

In May 6.8 percent of sales were new homes, which on average are more expensive than other home types, compared with 10.1 percent a year ago and a 10-year monthly average of 26 percent of sales. Resale condos, which tend to be the most affordable home type, made up 12.6 percent of May’s transactions, compared with 10.7 percent a year ago and a 10-year monthly average of 10.0 percent.

Another key price gauge analysts watch, the median price paid per square foot for existing single-family detached houses, rose a tad to $67 in May, up from $66 the month before but down 10.7 percent from a year ago. It was the ninth consecutive month in which the median paid per square foot dipped year-over-year. May’s figure was 60.8 percent below the $171 peak in May and June of 2006.

The use of low-down-payment, FHA-insured mortgages – popular with first-time buyers – represented 35.5 percent of all purchase loans in May. That was virtually unchanged from 35.6 percent in April but down from 46.4 percent a year earlier and well below the peak for FHA loans, which was 55.3 percent in September 2008.

Absentee buyers, who are mainly investors, purchased 45.3 percent of all Phoenix-area homes sold in May, down from 46.3 percent in April and a record 47.1 percent in March, but up from 37.8 percent a year earlier. Absentee buyers, who paid a median $101,000 in May, can include second-home purchasers and others who indicate at the time of sale that the property tax bill will go to a different address.

Cash buyers represented 42.0 percent of all sales in May, down from 44.5 percent in April and a record 48.0 percent in February, but up from 34.4 percent a year ago. May’s cash buyers paid a median $90,000, down from $91,900 in April and $112,950 a year ago. Specifically, these were transactions where there was no indication of a purchase loan recorded at the time of sale. Some of these “cash” buyers could have used alternative financing arrangements outside of a typical, recorded purchase mortgage, and in some cases they might take out mortgages after their purchases.

Foreign buyers purchased roughly 6 percent of the Phoenix-area homes sold in May, based on a review of public property records where foreign addresses were available. Of the foreign buyers that could be identified, about 93 percent were from Canada. Australia was the next-most-common country, representing about 3 percent of the buyers with a foreign address. Foreign buyers paid a median $115,000 for resale houses, $95,400 for condos and $146,103 for newly built homes.

U.S. buyers from outside of Arizona bought nearly 20 percent of all homes sold in the Phoenix area in May, and represented about 46 percent of all absentee purchases. Buyers from California represented the largest out-of-state buyer group, accounting for 8.9 percent of all absentee buyers and nearly 20 percent of the out-of-state absentee buyers.

In May, distressed property sales – the combination of sales of foreclosed homes and “short sales” – edged higher, to more than 64 percent of the resale market.

Foreclosure resales, defined as homes that had been foreclosed on in the prior 12 months, represented 50.8 percent of May resales. That was up from 50.6 percent in April and 50.0 percent a year earlier. The peak level for foreclosure resales was 66.2 percent in March 2009.

Short sales – transactions where the sale price fell short of what was owed on the property – made up an estimated 13.7 percent of Phoenix-area resales in May. That was up from an estimated 12.4 percent in April but down from 14.9 percent a year earlier. Two years ago the estimate was 8.1 percent.

Foreclosures fell month-to-month. Lenders foreclosed on 4.832 house and condo units in the two-county Phoenix area during May, down 8.5 percent from April but up 5.6 percent from a year earlier. During the first five months of this year, 27,112 homes were foreclosed on, up 7.0 percent from the same period last year. The foreclosure figures are based on the number of Trustees Deeds filed with county recorder offices. The document signals that a home was lost to foreclosure.

The foreclosure totals can include units that the county assessor has designated as condos, but are currently used as apartments (e.g. a 100-unit complex designated as condos but used as apartments could be foreclosed on and those units would be reflected in the foreclosure total for that month). For this reason and others, the number of homes foreclosed on has seesawed, and a single month’s increase or decline doesn’t necessarily indicate the beginning of a lasting trend.

(06-30) 16:55 PDT Sacramento, Calif. (AP) –

Eight California real estate investors have agreed to plead guilty in a bid-rigging scheme to buy foreclosed real estate at public auctions in two San Francisco Bay area counties, the U.S. Department of Justice said Thursday.
The men were charged with bid-rigging and conspiracy to commit mail fraud as part of a joint investigation by the FBI and the antitrust division of the Justice Department.

Investigators say the men conspired or made payoffs from 2008 through 2011 so they would not bid against each other for properties sold at foreclosure auctions in Alameda and Contra Costa counties. After one bought a property at an artificially low price, they would hold a private auction among themselves to resell it and split the extra money paid by the winning bidder.

“While the country faces unprecedented home foreclosure rates, the collusion taking place at these auctions is artificially driving down foreclosed home prices and is lining the pockets of the colluding real estate investors,” said Christine Varney, assistant attorney general in charge of the antitrust division, in a prepared statement.
The felony charges were filed in U.S. District Court for the Northern District of California, in Oakland. Court records did not list attorneys for the defendants or indicate whether they were in custody; court personnel said the cases were newly filed and they could not provide any information about them.

The men charged were:
_ Thomas Franciose, of San Francisco
_ William Freeborn, of Alamo
_ Robert Kramer, of Oakland
_ Thomas Legault, of Clayton
_ David Margen, of Berkeley
_ Brian McKinzie, of Hayward
_ Jaime Wong, of Dublin
_ Jorge Wong, of San Leandro

No Justice Department spokesperson could be reached to clarify whether the men were in custody, when they might enter a plea, their ages or other details. An FBI spokeswoman referred questions to the Justice Department.
Investigators said in a prepared statement that the charges were part of an ongoing investigation into collusion by real estate investors in foreclosure sales, both in Northern California and elsewhere.

In March, federal prosecutors said Yama Marifat of Pleasanton had pleaded guilty to conspiring to rig bids at foreclosure auctions in San Joaquin County, about 50 miles east of the Bay Area and one of the areas hardest hit by the housing bust. The scheme described was similar to that cited in the charges filed Thursday.
At the time, investigators said Marifat was the fifth person to plead guilty in connection with the probe, and he faced up to 10 years in prison for bid rigging and 30 years for conspiracy to commit mail fraud, plus fines of as much as $2 million.

Metro Phoenix has long been known for its supply of affordable houses, easy to buy and resell. Now, the rental market is dominating the region’s housing sector, something many real-estate experts and agents didn’t expect. Rental homes of all shapes and sizes are in much higher demand across the Valley than they were five years ago. Rents are rising, and rental properties – from foreclosure houses to huge apartment complexes – are drawing investors big and small, local and international.

The housing crash is fueling a lot of the demand from tenants. Many former homeowners, who lost houses to foreclosure or walked away because they owed so much more than their houses were worth, have become new renters – and the most coveted by landlords. Another growing group of renters is made up of younger, more mobile workers who have little interest in buying houses because they have seen others take big losses on homes and don’t know how long they might have jobs in metro Phoenix. Enticing both groups is the growing number of still-affordable high-end rental homes and apartments across the Valley.

Demand for investment properties has set off a buying frenzy for both homes and apartments in the region. With interest rates so low, investors usually get a better rate of return off a rental property than if they put their money somewhere else. Metro Phoenix foreclosure homes are selling at a record pace, and almost half are being turned into rentals by their new owners. Apartment complexes in areas with good schools, shopping centers and freeways are sparking bidding wars among investors.

During the past few months, sales of apartment complexes have been closing almost daily. New census data confirms metro Phoenix’s status as a growing rental market. The region’s home ownership rate has fallen back to 1997 levels, and in some cities, including Phoenix, 30 to 40 percent of all homes occupied are rentals. “The shift from home ownership to rentals in the Valley will continue as home ownership shrinks more,” said Michael Trailor, director of the Arizona Housing Department. “Unfortunately, I think we are going to see a lot less home buying opportunities due to higher down-payment requirements.”

Nearly half of all foreclosure and short-sale homes purchased in metro Phoenix during the past year are now rentals, according to industry estimates and property records. The most popular homes for investor landlords have at least three bedrooms and are located in family-oriented neighborhoods. Caroline Thompson and her family rent a three-bedroom, two-bath home in northeast Phoenix for $950 a month. “We have an excellent landlord,” she said. “For Christmas, he sent us an edible food arrangement. We take excellent care of his house, as if it were our own.” Thompson said that, in the future, she may consider buying a home, but she is three years from finishing her degree in mental-health counseling and will owe the government a lot for student loans. She also doesn’t know where she will find a job or how much she will be able to earn.

A family paying $3,000 a month for a mortgage on a four-bedroom house in a nice Peoria neighborhood can move next door and pay $2,000 in rent for the same house, according to Payam Raouf, owner of Glendale-based Arizona Property Management and Investments. “There are great renters out there now, the cream of the crop for landlords,” he said. “People who earn good money are losing homes to foreclosure, and they want to rent houses as nice as they ones they owned.”

More than 80 percent of independent landlords say they would rent to someone who had lost a home in foreclosure if the tenant had decent credit, according to a new survey by the National Association of Independent Landlords. A growing trend is for investors to purchase bargain foreclosure homes and then rent them back to the former owners so they don’t have to move. As a result, they end up paying much less a month for rent than their mortgage. Monthly payments on rental homes are difficult to track overall for the region because of so many individual owners. However, most landlords and real-estate agents say rental rates on houses have been steadily climbing since 2009.

Apartments Metro Phoenix apartment rents are slowly climbing as more units fill up. The average rent on an apartment in the Valley is $736, according to California-based RealFacts. That’s up $12 from a year ago. Only about 8 percent of the region’s apartments are empty, down from 10 percent in 2010.

Luke Consuelo rents a one-bedroom apartment in north Scottsdale. “I don’t have a family. I don’t want to buy and worry about taking care of a house,” he said. “Renting is great. Plus, one of the big benefits of buying is the tax deduction for mortgage interest, and the powers that be in Washington, D.C., are looking at getting rid of that.”

Renters such as Consuelo who don’t want to buy or can’t afford rental houses are enticing investors to purchase more metro-Phoenix apartment complexes. The amount of money investors spent on Valley apartment complexes during the first three months of this year was up 50 percent from the same period last year, real-estate brokers report. Commercial-realty brokerage NAI Horizon, which tracks the sales of complexes with 100 units or more, reports that investors spent $293.3 million on large complexes in the first three months of this year. During the first quarter of 2009, only three apartment complexes with more than 100 units sold in metro Phoenix for a total of $60 million.

Karl Abert, an apartment broker with Phoenix’s Grubb & Ellis, said investors both big and small are now bidding on apartment complexes in “desirable locations.” He said investors from Canada and China are the most active international buyers of Phoenix-area apartments now. Scottsdale, Tempe, downtown Phoenix, and Chandler are some of the region’s most popular spots for apartments with investors. Last month, one Phoenix apartment complex drew 15 offers. “I think rents will flatten out this summer and then increase in September again,” Abert said. A long-term shift The fact that many people are losing homes to foreclosure means a longer-term shift toward rentals. Most of those former homeowners won’t be able to buy for at least a few years because of the hits on their credit ratings, unless they pay cash. Some former homeowners don’t want to buy, even if they could. “I have no plans on purchasing another house anytime soon,” said Debra Ledford, who “walked away” from a home in Maricopa that she owed $304,000 on. It was valued at $120,000. “I’m scared of what might happen again. I lost a great deal of money.” Now, Ledford rents a home in Ahwatukee Foothills for herself and her four children. Foreclosures stay on a person’s credit for five to seven years, meaning she couldn’t buy for at least that long.

After record foreclosures, some lenders may change their requirement to spur more homebuying. “A lot of people have lost their faith in the economy and their desire to own a home,” said Jay Butler, director of realty studies at Arizona State University. “People used to buy because they had careers. Now, more people rent because they have jobs they aren’t sure about.” With expectations of slow housing appreciation in metro Phoenix during the next few years, some people don’t want to buy and potentially lose money on a house. “The ‘graduate from school, get married and buy a home’ model doesn’t work for everyone anymore,” said Trailor, the Arizona housing official. “For someone who knows they may only be working for a Phoenix company for 12 to 24 months, I don’t think buying a home makes sense.

Hard to find owner financing w/super e-z qualifying!!! $1900 down, home will be like new in just weeks-call now.

No bank qual, no bank to mess with, super low down, bad credit ok, home will be like new!!! All you need is $1900 plus the first month!!!

Crossroads: Thomas south on 69th Ave.

Home is being remodeled inside.

Features include: Central Air, central heat, Remodeled Inside, tile floor

Property Details

Property Photos

Property Map

View Larger Map

Owner financing $1,900 down e-z qual!!! Great corner lot, huge backyard tile throughout!

Huge Corner Lot, Tile Flooring, Remodeled Baths, Covered Patio, Storage Shed and RV Parking do not disturb occupant home is available June 1rst.

Available June 1st.

Crossroads are: 35th Avenue and Dunlap

Features: Carport, Ceiling Fans, Central Air, Fenced Back Yard, Stove

Property Details

Property Photos

Property Map

View Larger Map

Huge 4 bedroom or 5 with 2 Car Garage and Fenced POOL! Great Location 51rst Ave & Peoria – OWNER FINANCING NO BANK QUAL!!!

1760 sq. Ft. 5 bedroom home with owner financing!!! $1,900 down e-z qual home is getting a brand new roof, air conditioner & fresh paint! A beautiful home w/terms like this wont last call now!

Crossroads: 51st Ave. just south of Peoria Ave.

This property features Central Air, Central Heat, Dishwasher, Microwave, stove/oven, swimming pool, tile floor.

Property Details

Property Photos

Property Map

View Larger Map