foreclosures: Spring into Dr. Phillips and Central Florida's real estate market - 06/17/09 08:59 PM
Central Florida's real estate market has been heating up this past few months with buyers seeing value and feeling comfortable purchasing homes.  Basic economics is gradual decreases in price until value comes back, WECLOME BACK VALUE, we missed you! 
This Spring investors both foregin (UK and Canada) and local buyers are purchasing bank owned condominums … (0 comments)

foreclosures: Short sales leave buyers, well...short - 10/23/08 05:04 AM
This site will go more into detail explaining short sales.  In short (sorry for the pun) a "short sale" is when the seller owes more for the home then the value plus any cost associated with selling.  The third party approval the seller needs is the lender.  The lender has to approve of course receiving less money … (0 comments)

foreclosures: Foreclosure Bill...What's it all about - 08/27/08 10:53 AM
This past Saturday the Senate overwhelmingly passed a bi-partisan housing Bill that will offer FHA financing in new loans for troubled homeowners that can not make their current mortgage payments. This legislation is the largest government involvement in the housing market in decades and is aimed at curbing the foreclosures keeping homeowners in … (0 comments)

foreclosures: Feds surround Freddie & Fannie - 07/23/08 08:29 PM
The Federal government and the Treasury department teamed up Sunday putting together the final touches of a financial plan giving mortgage giants Freddie Mac and Fannie Mae some financial security. Treasury Secretary Henry Paulson is pushing Congress to approve the plan that will keep the mortgage giants solvent, Fannie & Fredie control nearly fifty percent of mortgages nationwide. 
Part … (0 comments)

 
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Robert Schott & Paula Hemani

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TeamConnect Realty

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