Upcoming Events

Reminder of Our New Summer Hours - Our hours will now be from 7:30am - 5:30pm Monday - Friday, except Tuesdays when we will be open from 8:30am - 5:30pm. We hope this added hour during the summer months will be helpful to your businesses!

New Website Up and Running - As you may have noticed, we have a new website. A big thank you goes to Sebo Marketing who redesigned our site and helped us launch it. Please forgive us as we make changes and correct any mistakes we may notice in the next few weeks.

August 23 Summer Social - Our annual Summer Social will be held Aug. 23 at the American Fork amphitheatre.Back by popular demand, Celebrity Idol! This year we'll have a live band, great food, and lots of laughs!

Nominations Are Now Open

Nominations are now open for the following leadership positions for the Utah County Association of REALTORS®:

First Vice President - Three-year commitment

Board of Directors - 5 positions open.  Two-year commitment.

The election of the candidates will be by popular vote.  Nominations will end Friday, July 11, 2008 at midnight.

Nominations may be emailed or faxed to the association.
Email address:stalbot@ucaor.com or fax number: 226-8460.
You may nominate yourself or nominate another REALTOR®.

Call us if you have any questions.

Those who are elected would be required to attend the monthly Board of Directors meeting, membership luncheons, be a liaison to a committee and attend any special meetings that are called. 

First Vice President and President Elect position would also be required to attend the Executive Committee meeting held monthly,  the Utah Association of Realtors Board of Director meetings and NAR meetings/conventions.

Wanted!

Trumpet player need for the REALTOR® band set to perform at the summer social in August.

If you play, or know someone that does, contact me.

Jay Deher: 801-472-8800 or Jayd@prudentialutah.com

CEO Message -
Taylor Oldroyd

It has been a while since I mentioned our efforts to raise the FHA loan limits for Utah County. When Congress passed the Economic Stimulus Act (ESA) they allowed the Federal Housing Administration to raise loan limits. The limit for Utah County was set at $323,750. However, the limit for Salt Lake, Tooele and Summit Counties was set at $729,750. This significant difference has created inequalities that has dampened the housing market in Utah County, rather than stimulate it, as was intended by the Act.

Congress must have recognized that using the Metropolitan Statistical Areas to set housing loan limits would have unintended consequences because they allowed for an appeal within 30 days. We submitted an appeal in time but it was denied by the Santa Ana FHA field office. It is our hope that HUD will correct this inequality by reviewing the FHA field office rejection and grant our appeal request for a loan limit increase for Utah County.

We visited with HUD while in DC last month. We also met with Rep. Cannon’s office and they are assisting us in the process. We are also working with the Utah County Commissioners, The Council of Governments, The Chamber of Commerce, and Lt. Governor Gary Herbert’s office.

Each of these groups has agreed to submit a letter to HUD asking for our appeal to be reviewed.

We believe that HUD should not have to wait for Congress to pass language allowing for a review of the ESA established loan boundaries to correct the situation created in Utah County. HUD can administratively review the decision by the FHA Santa Ana office and reverse their decision and grant our request for a loan increase.