The Federal Housing Administration (FHA) has announced that it will be allowing borrowers to refinance their higher risk loans into more sensible FHA loans beginning January 1, 2008. In addition to the recent Fed rate cut, this will help many borrowers with much riskier adjustable rate mortgages
...
09/29/2007
A little over a week ago the Federal Reserve made an aggressive 1/2 point rate cut to the federal funds rate. This will help to lower the interest rates on many of the HELOCs (home equity lines of credit), business credit lines, and credit card rates. As rates drop, monthly interest payments fo
...
09/29/2007
I originally posted this article on our company website in July 2007. According to the Mid-Florida Regional MLS statistics, in month ending June 2007 in Orange & Seminole Counties there was only 1 sale for about every 18 properties on the market (1,431 sales closed vs. 25,923 listing inventory),
...
09/27/2007
We all get them. Solicitations come over the fax machine at all hours of the day and night. If you have a home office, they can wake you up in the middle of the night. Life insurance, refinance today, the latest stock investments, etc. Heck I get a lot of these solicitations from fellow Realto
...
09/26/2007
The proposed constitutional amendment that would dramatically change the Florida homestead property tax exemption laws is under major challenge today. A judge in Leon County has ruled that the language going on the ballot in January is "misleading and inaccurate". This ruling may be a blessing
...
09/25/2007
We have several new listings that have come in over the last few days. Below are some featured listings to look over. These properties are not on the market any longer. You can do a full MLS search on our firm's website. We have many great listings for you to review. Some are full service lis
...
09/24/2007
Yesterday marked the first day of Autumn. It still does not feel like it yet here in Central Florida. The unofficial first day of Autumn in my book is October 15. Somewhere in mid-October the weather always seems to change. The humidity we have had for 5 months disappears, we get our first co
...
09/24/2007
Apparently many investors and business owners are just as fired up as I am over these property tax TRIM notices. Florida Speaker of the House, Marco Rubio, has recently stated that property tax reform will be another big issue for the 2008 legislature. That's great news. I did speak with the off
...
09/22/2007
The market has been quite unsettling for everyone in the real estate industry for the last year-and-a-half or so. It seems every day the inventory of unsold houses creeps up and the media just expounds (or even thrives) on the bad news. I want to discuss a little bit about the transfer of wealth
...
09/21/2007
With the market as tough as it is for sellers right now, it is a great time to buy if you have a good exit strategy in place. We just closed on a block house yesterday in a nice area of College Park in Orlando. It was listed in the MLS for 249K. It was a probate situation and the heirs were fi
...
09/20/2007
