There has been so much activity lately of the 'shadier' sort here in Pinellas County, Florida--I thought it pertinent to mention yet again some of the scams which have surfaced, proving yet again that greed really brings out the worst in many.
From Trulia this morning:
Distressed Homeowners: PLEASE don't sign over your deed to anyone--this does not release you from any obligation with your lender--all it does is remove your rights.
It is quite clear that we have reached the point, at least here in Pinellas County, where those great deals are getting harder to find--which is good news for those wishing to take advantage of the tax credit this year! For the distressed homeowner looking for options, however--BE WARY--the sharks are out and it's a FEEDING FRENZY...so get some good advice from a trusted source! Anyone out there offering these kind of 'deals' to people already out of options is not looking out for your best interests!
Consult a Professional!
FILL OUT THE:
EASY ONLINE FORM
Thanks for your interest, and best wishes in your home search.
For more Tips and strategies if you are facing foreclosure-check my website
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Here's what FAR has to say: "Welcome to the bottom: Housing begins slow rebound
WASHINGTON - Aug. 3, 2009 - It was - note the past tense - the worst housing recession anyone but survivors of the Great Depression can remember.
From the frenzied peak of the real estate boom in 2005-2006 to the recession's trough earlier this year, home resales fell 38 percent and sales of new homes tumbled 76 percent. Construction of homes and apartments skidded 79 percent. And for the first time in more than four decades of record keeping, home prices posted consecutive annual declines.
A staggering $4 trillion in home equity was wiped out, and millions of Americans lost their homes through foreclosure.
Now take a deep breath and exhale. The worst is over.
By every measure, except foreclosures, the housing market has stabilized and many areas are recovering, according to a spate of data released in the past two weeks. Nationwide, home resales in June are up 9 percent from January, on a seasonally adjusted basis. Sales of new homes have climbed 17 percent during the same period. And construction, while still anemic, has risen almost 20 percent since the beginning of the year.
Even home prices, down one third from the top, edged up in May, the first monthly increase since June 2006.
"The freefall is over," says Dean Baker of the Center for Economic and Policy Research.
The problem is that, Baker, like many economists, expects the housing market will "be bouncing around the bottom" for the second half of the year."
How about that?!?