The Federal Government in conjunction with JP Morgan Chase performed another rescue mission this weekend. The big Wall Street investment bank, Bear Stearns Company, was bought out in a bargain basement deal by JP Morgan Chase in order to keep the bank from possibly failing. The value of Bear St
...
03/17/2008
This property has been sold via a lease option agreement. Rob Arnold | 407-375-4567 522 Midland Avenue, Apopka, FL Beautiful 3/2.5 block house with 4-car garage and possible workshop or efficiency apartment. Hardwood floors. Big double lot. 3 Bdrm Single Family House offered at $179,900 Year Buil
...
03/15/2008
Short sales are all the rage right now. They are a huge short-term trend for the real estate industry at this moment. Many brokerages, Realtor associations, investment clubs, and self-proclaimed "gurus" are teaching how to do short sales to anyone who will listen. I do believe there is a lot o
...
03/14/2008
This is big (and positive) news for the mortgage and real estate industry. The Federal Reserve has agreed to loan as much as $200 Billion (with a B) in Treasury Securities to the mortgage-back securities market for loans backed by Fannie Mae and Freddie Mac.The goal is to help stabilize the mortg
...
03/13/2008
Here are the latest market statistics for Orange and Seminole County, Florida as released by the Orlando Regional Realtor Association. Here is a more detailed PDF file link for the statistics.ORRA Originated Sales February 2008 5.87%25,9844,8111,5372,175
...
03/12/2008
The City of Belle Isle, Florida recently passed a new rental licensing ordinance as of 3/3/08. The actual ordinance can be found online at this link. The new ordinance # is 08-03. It is not nearly as painful as the one passed by Mount Dora recently, but it is still cumbersome. Basically wh
...
03/10/2008
Over the last few years, FHA mortgages became very rare so there were few HUD-owned homes that came up for sale. HUD homes are the result of an FHA mortgage that gets foreclosed. Now as FHA mortgages have once again gotten popular, the inventory of HUD homes will eventually increase. Even so,
...
03/08/2008
New FHA loan limits have been rolled out. You can get information on your specific area by going to HUD's website.Below are the limits for single-family houses. The loan amounts for 2-, 3-, and 4-family properties are listed on HUD's website as well. Lake, Orange, Osceola, Seminole, and Volus
...
03/07/2008
Whether you are a real estate investor or a short sale mitigation company, we have a great deal for you. As you may know, most lenders require that properties facing a short sale be listed with a real estate broker or Realtor in the local MLS before the lender or their loss mitigator will approv
...
03/06/2008
The Florida legislature started their 2008 session this morning. You never know what crazy things can get proposed when these guys get busy. Something I did like was that Governor Crist said in his opening remarks, "We can and should continue to fight for property tax relief and I encourage the
...
03/05/2008
