The National Association of Realtors® (NAR) issued a statement yesterday about the federal bailout bill. Read the Full Story: http://www.floridarealtors.org/NewsAndEvents/n1-093008.cfm
09/30/2008
FORECLOSURESFlorida will receive $541 million in new federal foreclosure funds that must be used to buy property, rehabilitate abandoned homes and offer downpayment assistance to low-to-middle-income home buyers.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-092908.cfm
09/29/2008
FEDERAL AIDDemocrats want to include a provision in the federal bailout that would allow bankruptcy judges to change the mortgage loan terms of homeowners facing bankruptcy. Currently, bankruptcy judges can modify terms of all other types of loans but not mortgages. Bankers say the change would r
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09/26/2008
WASHINGTON - Sept. 25, 2008 - If a first-time homebuyer purchases a home before the end of 2008, he or she gets a $7,500 tax credit in 2009 when they file their federal income taxes, but it must be paid back over time. Here's how it works: The first-time homebuyer credit is similar to a 15-year i
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09/25/2008
ORLANDO, Fla. - Sept. 24, 2008 - For the second month in a row, several of Florida's metropolitan statistical areas (MSAs) reported increased sales of both existing single-family homes and existing condos in August 2008, according to the latest housing statistics released by the Florida Associati
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09/24/2008
While a number of factors have contributed to a home sales decline in Florida, an increase in foreign homebuyers has modified the trend, according to a just-released research paper from the National Association of Realtors (NAR), the 2008 "Profile of International Home Buying in Florida." Read th
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09/23/2008
SHORT SALESAnother complication could be on the horizon for short sales. Some lenders are agreeing to allow a short sale, but only if sellers sign a note promising to pay some or all of the balance due - debts that could burden them for the rest of their lives.Read the full story:http://www.flori
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09/22/2008
SHORT SALESAnother complication could be on the horizon for short sales. Some lenders are agreeing to allow a short sale, but only if sellers sign a note promising to pay some or all of the balance due - debts that could burden them for the rest of their lives.Read the full story:http://www.flori
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09/22/2008
MORTGAGE FRAUDFlorida prosecutors filed suit this week against 10 companies and 15 people they say were involved in a $37 million real estate straw mortgage scheme. The scheme, which involved applying for mortgages to purchase homes with inflated prices, also resulted in 50 homes falling into for
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09/19/2008
CHICAGO - Sept. 18, 2008 - The meltdown in the financial and housing markets continues to create a series of good news/bad news scenarios for consumers who either already own their own home or would like to buy one. Read the Full Story: http://www.floridarealtors.org/NewsAndEvents/n1-091808.cfm
09/18/2008
