Case-Shiller: Home Prices Move Closer to 2009 Lows - 04/28/11 03:53 PM
Data released by Standard & Poor's Tuesday show that home prices are continuing to slip across the country, with residential property values just slightly above their April 2009 bottom.

Both the 20-city and 10-city composite readings of the latest S&P/Case-Shiller home price index fell another 1.1 percent in February 2011 when compared to the previous month.
The 20-city composite is down 3.3 percent from its February 2010 level, while the 10-city posted a 2.6 percent drop from a year ago.
February marked the eighth straight month that the Case-Shiller readings have headed lower.
The latest declines were in line with market expectations. Economists were … (1 comments)

Applications Flood Florida Program for Unemployed Homeowners - 04/28/11 03:50 PM
In just one week's time, the Florida Housing Finance Corporation has received nearly 9,500 applications from unemployed homeowners seeking financial assistance through the state's Hardest-Hit Fund (HHF) program.

Following a successful six-month pilot run in Lee County, the state housing agency launched the program statewide on April 18, making it available to troubled homeowners in all 67 counties.
The counties with the largest number of applicants so far are Broward (1,638), Miami-Dade (1,027), Orange (957), and Palm Beach (939).
The program is funded by the U.S. Treasury as part of an initiative announced last February to target grant money to areas that … (1 comments)

Equator Platform Sees 675,000 Short Sale Initiations - 04/28/11 03:48 PM
Equator reports that over 675,000 short sales have been initiated on its platform since the short sale capabilities were launched in November 2009. The company's short sale technology module connects lenders, homeowners, and their selling agents in order to streamline the approval process for transactions.

"Short sales will continue to be a priority for servicers as loans sit longer in the foreclosure process," said CEO Chris Saitta. "Our Short Sale Module has proven to increase efficiencies, accelerate decision timelines, and provide much needed compliance tracking in today's highly regulated environment."
The Los Angeles-based company also reported that more than 50 percent of all … (0 comments)

The Loan Post Launches E-Signature Short Sale Technology - 04/27/11 03:24 PM
The Loan Post, Inc., a provider of loss mitigation and short sales solutions based in Miami, has introduced a new do-it-yourself private label short sales system.
ShortSales360 produces e-signature-ready documents for the federal Home Affordable Foreclosures Alternatives (HAFA) short sale initiative.
"Mortgage loss mitigation trends are pointing to more short sales as the fastest path to housing market recovery over the next two years," said Chris Fuelling, CEO of the Loan Post.
Fuelling continued, "In the race to put together HAFA and bank short sale packages, the Loan Post's new ShortSales-
360 is the only software system that offers e-signature capability to expedite the short sales … (0 comments)

Housing Values: The Perfect Storm - 04/27/11 03:15 PM
With all the news of still-declining home prices, most buyers are keeping their feet firmly planted on the sidelines unless they're sure they're getting a bargain.

At the same time agents and banks are battling (mis)perceptions in their local markets, where property values may not be on such a slippery slope.
Add to the equation a distressed property, and finding an agreeable short sale price while still covering enough of the outstanding mortgage debt to be acceptable to the lender can be a challenge.
It's a nasty tug-of-war, with neither buyers or sellers feeling like they're gaining any ground.
As … (0 comments)

Realtor iPad App 'Opens Real Estate Up to Millions' - 04/27/11 02:55 PM
iPad is the latest mobile device with access to aRealtor.com app, according to details released Tuesday by California-based Move, Inc., operator of Realtor.com, the official site of the National Association of Realtors.

Compatible with iPad iOS 4.0 or higher, the free appprovides property listings with maps and GPS directions, among other features.
"With a Realtor.com mobile app, there's no waiting or wondering anymore if a property is on or off the market, how much it costs, or if it will fit your needs," said Steve Berkowitz, CEO of Move, Inc. "Mobile is changing the way people buy and sell homes, and our iPad app opens real estate up … (1 comments)

Foreclosure Crisis Sparks Project on 'Rehousing the American Dream' - 04/27/11 02:44 PM
The nation's ongoing foreclosure crisis has ushered in a new era of lending, volumes of new regulations, even a new federal agency ... and now, a new way of looking at architecture and the suburban culture.

New York's Museum of Modern Art (MoMA) has announced the launch of a 14-month initiative to examine new architectural possibilities for American cities and suburbs in the context of the foreclosure crisis in the United States.
While many lawmakers, and even housing experts, insist the idea of the "American Dream" is no longer a viable one, officials behind the MoMA initiative believe it just needs to … (0 comments)

Florida Realtors - 04/26/11 05:17 PM
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2740 W. Tharpe Street #303 - 04/21/11 10:40 AM
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Mortgage Issues Lead to 39% Drop in Income for Bank of America - 04/20/11 12:43 PM
Bank of America said Friday that it turned a profit of $2.0 billion, or $0.17 per diluted share, for the first quarter of 2011.

That's down from a $3.2 billion profit in the year-ago period but an improvement from the $1.2 billion net loss reported for the fourth quarter of 2010.
The lender's 39 percent annual drop in earnings was largely due to continuing losses and litigation expenses tied to its legacy mortgage business.
According to BofA's Q1 earnings release, noninterest expense in its consumer real estate services business increased by $1.6 billion from the year-ago quarter to $4.9 billion.
Bank of … (1 comments)

Florida Court Given Deadline to Answer Charges of Rushing Foreclosures - 04/20/11 12:38 PM
An appellate court has given judges of the foreclosure court system in Lee County, Florida, 20 days to respond to a petition filed by the American Civil Liberties Union(ACLU), which alleges the county circuit courts ignore procedural safeguards in order to rush foreclosures through and clear out their backlog of cases.

In doing so, the ACLU says local foreclosure judges "systematically deny homeowners a fair opportunity to defend their homes against foreclosure."
The 20th Judicial Circuit Court in Lee County handles foreclosure proceedings for the southwest Florida counties of Charlotte, Collier, Glades, and Hendry, as well as Lee.
According to the ACLU, this special … (0 comments)

RealtyTrac: Foreclosure Activity at Lowest Level in Three Years - 04/20/11 12:36 PM
RealtyTrac says processing delays have reduced foreclosure activity to its lowest level since the first quarter of 2008. New data released by the tracking firm shows that foreclosure filings were reported on 681,153 properties during the first three months of this year. That represents a 15 percent decline from the previous quarter and a 27 percent drop from a year ago.
Commenting on the latest numbers, James J. Saccacio, RealtyTrac's CEO, said despite the recent plunge in foreclosure activity, the nation's housing market continued to languish in the first quarter.
"Weak demand, declining home prices and the lack of credit availability are weighing heavily on … (0 comments)

Distressed Properties Claim 40% of Existing-Home Sales - 04/20/11 12:33 PM
Distressed homes - typically REOs and short sales - accounted for 40 percent of the existing homes sold in March, the National Association of Realtors (NAR) reported Wednesday.

The trade group notes that these properties generally sell at discounts in the vicinity of 20 percent. Their large market share served to dampen the median existing-home price. For all housing types, it came in at $159,600 last month, down 5.9 percent from March 2010.
Overall, sales of previously owned homes rose 3.7 percent last month as the spring buying season began to take hold.NAR described March's reading as "continuing an uneven recovery," following the 9.6 drop … (0 comments)

Posey Bill Aims to Stimulate REO Sales - 04/20/11 12:31 PM
Rep. Bill Posey (R-Florida) has introduced legislation to support the sale of REO homes.
His bill, The Housing Recovery Act of 2011 (H.R.1526), would amend the Internal Revenue Code of 1986 to
exempt retirement plan distributions from early withdrawal penalties as long as the money is being used to purchase a residence that has been in foreclosure for a year or more.
Neighborhoods where vacant REOs line neighborhoods is an issue undoubtedly central to constituents in Posey's home state of Florida, where foreclosures and bank repossessions have led much of the nation since the housing bubble there burst.
In the tri-county South Florida region alone, … (0 comments)

HUD Launches Campaign to Shut Down Foreclosure Rescue Scams - 04/20/11 12:28 PM
On Monday, HUD launched a new campaign in Miami, Chicago, and Los Angeles called "Know It. Avoid It. Report It."
The targeted operation aims to direct distressed homeowners to trusted resources and counselors for help to avoid foreclosure. It also solicits the support of homeowners

in shutting down scammers who target the elderly, Hispanics, and African Americans.
In close cooperation with federal, state, local, and non-profit partners, HUD will provide education and outreach as well as anti-scam reporting tools, including a complaint form and hotline to report fraud or suspicious activity.
The public will receive information on scam artist red flags and fraud warning signs, … (1 comments)

4642 Amber Valley Drive - 04/19/11 12:43 PM
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Finding Your Market Conditions - 04/18/11 04:51 PM
The market has evolved over the last decade.
APR 12, 2011 Realty Times
The market has evolved over the last decade. Many homeowners watched the value of their homes skyrocket during the early stages of the boom, only to see it plummet back down once again.
Other buyers, many new to the market, were lured in by questionable lending practices and sub-prime mortgages, offering zero-down and interest only payments. The pains the market is feeling now are thanks to this wild ride.
Investors and all-cash purchases now make up more than one-third of the market. Hundreds of thousands of homeowners … (0 comments)

2680 Tess Circle - 04/15/11 11:06 AM
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2116 Longview Drive - 04/15/11 10:00 AM
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Six common mistakes that home sellers make - 04/14/11 04:48 PM
By Jill Simmons
Selling a home during this real estate downturn can be stressful on the seller. It's not unusual for some homes to sit on the market for months on end, and many areas are still working through a backlog of foreclosure inventory, which also drives down home prices. Fact: 36 percent of homes nationwide sold for a loss in January. As we enter spring's home shopping season, buyers are in the driver's seat in many markets, and they know it. That's why if you're planning on putting your home on the market, it's crucial to understand the time-honored mistakes sellers … (0 comments)

Campus Cribs: Buying Real Estate Property for Your College Student - 04/14/11 04:43 PM
http://www.frontdoor.com/Buy/Campus-Cribs-Buying-Real-Estate-Property-for-Your-College-Student/2078
Great advise about buying property for your College Student
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Easter Brunch: Table Settings, Centerpieces & Decorations - 04/14/11 04:40 PM
http://blog.hgtv.com/design/2011/04/12/easter-brunch-table-settings-centerpieces-decorations/
Check out these great decorating tips for Easter!
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Wells Fargo's John Stumpf: How to fix the mortgage mess - 04/14/11 11:08 AM
FORTUNE -- For most Americans, their home is the largest and most important investment they will ever make. Ensuring that they have the right kind of mortgage is critical to their financial well-being and -- as we've seen recently -- critical to our entire economy.
That means we have to solve the Fannie Mae and Freddie Mac problem and eventually figure out the proper role of the federal government in supporting a secondary market for home mortgages. Doing that right is one of the most important issues facing Congress and the Obama administration.
Some people ask, Why do we even need a secondary … (1 comments)

This Month In Real Estate: April 2011 - 04/12/11 05:25 PM
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Home Buyer Tips: Less is More - 04/11/11 01:54 PM
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Home Buyers Tip: Low Down Payments - 04/11/11 01:53 PM
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Foreclosure money to help 40,000 Floridians - 04/11/11 01:07 PM
TALLAHASSEE, Fla. - April 6, 2011 - About 40,000 struggling Florida homeowners may soon get federal help making mortgage payments in an effort to help stave off foreclosure.The Florida Housing Finance Corp. announced Tuesday it is expanding the federal Hardest Hit Fund statewide.The $1 billion fund will help eligible homeowners make mortgage payments for up to 6 months. Homeowners must be unemployed or their housing cost must be 31 percent or more than their income. Delinquent homeowners who are now able to start making payments could also get help getting current on their loans.First announced on Feb. 19, 2010, by the … (1 comments)

Home Seller Tips: Size Matters - 04/08/11 05:18 PM
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Home Seller Tips: Concessions - 04/08/11 05:15 PM
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Home Seller Tips: Pricing - 04/08/11 05:05 PM
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2906 Brandemere Drive - 04/08/11 10:11 AM
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3101 S. Meridian Street - 04/06/11 05:41 PM
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Top 5 Short Sale Questions Answered - 04/06/11 01:22 PM
Having helped more than a boatload of agents and homeowners with their short sales, I can attest to the fact that most folks (buyers, sellers, and agents) have the very same questions and concerns about the short sale process. It is probably a given that short sale sellers should educate themselves on the short sale process before signing on the dotted line. This might mean consulting with an accountant, an attorney or a handful of agents; it all depends upon the sellers comfort level. For agents listing short sales, you definitely want to be on top of your game and be … (2 comments)

The Foreclosure Mess Isn't Going Away - 04/06/11 01:04 PM
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1432 Avondale Way - 04/05/11 11:07 AM
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2221 Natural Wells Drive - 04/04/11 04:35 PM
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1831 Folkstone Road - 04/04/11 03:52 PM
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2542 Rainey Allen Road- $65,000 - 04/04/11 02:06 PM
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Mike Carlos Tallahassee FL Realtor

Tallahassee, FL

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Keller Williams Town & Country Realty

Address: 1520 Killearn Center Blvd, Tallahassee, FL, 32309

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