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ges realty: Foreclosure Trends in Southeast Florida - 06/01/09 09:14 AM

While the economy continues to struggle, home prices are still falling under the pressure of foreclosures and short sales. Here in Florida a stagerring 11% of home loans are in some stage of foreclosure ranking the state first in the country for defaults. With home values continuing to fall the foreclosure rate will surely increase through this year. Prices can't stabilize until the oversupply is at least equal to the demand. According to information provided by Zillow.com approximately 71 percent of homeowners in two Southeast Florida counties who purchased homes in the past 5 years are underwater or owe more … (0 comments)

ges realty: Loan Modification & Credit Solutions - 11/21/08 12:19 PM

Is your property worth less than your mortgage? Are you having difficulties keeping up with your mortgage payments? Are you carrying high credit card and other unsecured debt? Has your credit score been hurt as a result? Many of us today can answer yes to at least one of these questions and some are facing all of these problems with little or no help.
What if you could lower your mortgage payment to an affordable level? Would you take advantage of an opportunity to reduce the prinipal on your loan or to lower the interest rate?
If you could improve … (0 comments)

ges realty: HELOC Lenders Trampling Regulation Z - 09/04/08 10:27 AM

Numerous consumer complaints regarding freezing or reducing the available credit on HELOC's or home equity lines of credit have gotten the attention of the Treasury Department, the FDIC and the OTS or Office of Thrift Supervision, a branch of the Treasury Department.
As home values in many areas continue to decline complaints continue to grow that some thrifts are freezing the credit promised to borrowers and that they may be altering accounts that were not supposed to be changed.  After receiving what OTS describes as an "uptick in complaints" regarding Savings and Loans reducing or freezing HELOC's, the OTC issued … (3 comments)

 
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George Sinacori

Boca Raton, FL

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GES Real Estate LLC

Office Phone: (561) 306-6736

Cell Phone: (561) 306-6736

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