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weston florida: Do’s and dont's for fending off foreclosure, Weston Florida - 09/25/07 09:15 PM
Dear Dave, I just received a notice of default letter from my mortgage lender that says my house will go to auction sale in four months. Can house still be sold by owner? -- Sue
Dear Sue,It appears that you are right in the beginning of the foreclosure process, but as long as the house is still in your name you can save it. While you need to be careful, you also need to act quickly. Four months can seem like a long time but it can go by in a flash. So let's get right down to what your options are.
7 … (0 comments)
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weston florida: Good News for homes buyers in Weston florida - 09/18/07 09:30 PM
The US Federal Reserve decided on Tuesday to cut a key interest rate by a half percentage point to 4.75 percent in an effort to calm turmoil in the credit markets and avoid a broader economic downturn.
This was the first cut in the central bank's target for the federal funds rate, the interest rate that commercial banks charge each other for overnight loans, in more than 4 years.
After the Fed's 17 consecutive rate hikes over two years since June 2004, the key short-term interest rate had risen to 5.25 percent from a 46-year low of one percent, where it had stood … (0 comments)
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weston florida: Credit Crisis Cripples Markets - 08/15/07 11:43 AM
Safeguard Your Clients Today
Just last week, American Home Mortgage, Homebanc and its wholesale counterpart, American Brokers Conduit, became the latest casualties of the credit crisis. Last year, this company closed over $58 billion in home loans. Despite being, by all accounts, a well-run business, market conditions forced them to file for bankruptcy, leaving nearly $800 million in loans unable to close. Tens of thousands of borrowers have now been left without financing as a result of companies like this going under. Clearly, with over 100 national lenders having now closed shop in the last eight months, this is no longer simply a … (5 comments)
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weston florida: For Sale By Owner: How agentless transactions can turn into royal nightmares - 07/21/07 08:43 PM
Last week I read about the benefits of selling your own home. After decades of the National Association of Realtors claiming that working with an agent brought buyers more money even after the commission, a new academic study found quite the opposite: that buyers who sell homes without an agent can profit mightily from their hard work and entrepreneurship. But before sellers jump into the For Sale By Owner fray in search of fatter profits, it's worth listening to those who have jumped before them and have injuries to show for it.
Most tales of real estate gone wrong entail an … (6 comments)
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weston florida: SELLERS, ALWAYS READ THE CONDO OR ASSOCIATION RULES BEFORE SELLING - 07/18/07 03:16 PM
When a buyer purchases a condominium he or she is given a copy of the rules and bylaws and given up to ten days to review them. After reviewing the documents buyers can decide that they do not want to buy the condo. We see all kinds of rules. I remember one where just about any number of pets were allowed but no birds. There was another where fish were the only type of pet allowed. In others I have seen rules about a rotation on who cleans the laundry room and the entryway, and who waters the plants.
Often buyers do … (10 comments)
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Dave Magua
Weston,
FL
More about me…
EWM Realtors
Office Phone: (954) 306-7323
Cell Phone: (754) 581-5077
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