Ar_home_b_search
 



joeknowsmortgagescom: What is a short sale? - 08/01/09 02:07 PM
Simply put: a short sale is when the seller of a property owes more on the property than they are selling it for.  So if the sellers owe $200,000 on a house, and they are selling it for $150,000, then they are asking the lien holder to take the loss for the difference or the short. 
Short sales are very common in this market environment due to decreased valued.  Short sales typically take longer than regular transaction because the bank has to approve of the sale.  The approval process may be lengthy because the bank may only service the loan, and … (1 comments)

joeknowsmortgagescom: What a great time to be a first time home buyer! - 07/15/09 10:43 AM
What a great time to be a first time home buyer
Did you know that if you have not owned property in the last 3 years that you are considered a first time homebuyer?  That means that you may be eligible for the $8000 first time homebuyer credit if you purchase a home before December 1st, 2009.
The program is fairly simple: 
•         Must be first time homebuyer - That means you haven't owned a home in the past three years, and your spouse hasn't either if you're married.
•         Purchase home before December 1st 2009
•         File an amended return … (2 comments)

 
_mg_9453sm

Joe Harris

Melbourne, FL

More about me…

Morgan Financial

Address: 2720 N Harbor Blvd, Melbourne, Fl, 32935

Office Phone: (321) 757-3570 x 201

Email Me

As a Brevard County Mortgage Expert, Joe writes on all things related to the mortage industry and other related events for Brevard County, Fl.


Listings

Links

Archives

RSS 2.0 Feed for this blog