Cities have scheme to help underwater owners, could Pensacola be next?

Cities have scheme to help underwater owners, could Pensacola be next?

Buy homes at current market rate with eminent domain and allow owners to refinance at lower rate. Lenders unhappy. Read more.

In the foreclosure-battered inland stretches of California, local government officials desperate for change are weighing a controversial but inventive way to fix troubled mortgages: Condemn them.

Officials from San Bernardino County and two of its cities have formed a local agency to consider the plan. But investors who stand to lose money on their mortgage investments have been quick to register their displeasure.

Today's Prayer
Dear God, Do other people see me as a faithful friend or a burdensome buddy? I pray that I will be the kind of person that other people love and appreciate; not a person that others want to avoid. And I pray that I will be a good friend to others. "A man that hath friends must show himself friendly: and there is a friend that sticketh closer than a brother" (Proverbs 18:24). Help me to improve my friendship skills...and to be an example of your love in all I do. Thank you, God. In Jesus' name I pray and give you praise, amen.

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Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414

Charles is a Real Estate Investor of 25 years, a Real Estate Broker for 15 years while holding several degrees in management, an expert in the buying and selling of real estate, short sales and foreclosures. Whether you’re buying your first home, second home, vacation home, investing in rentals, a kiddies’ condo for college or your dream home, buying any home is an investment in the future and you owe it to yourself to have Charles’s expertise to buy right and make the right decisions for YOU. For over the phone evaluation and NO Obligation CALL NOW! you have OPTIONS, we have FACTS, let’s TALK

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Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind.  E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area.   Charles Stallions Real Estate Services  located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 12 member team, including experts on Loan Modifications, a Certified Residential Specialist, a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida. Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market

 

Charles Stallions is your complete source for all Pensacola FL real estate and local events and information.  Charles Stallions Broker Office Phone: 850-478-8811 Office Fax: 850-332-6838 Email: charles@charlesstallions.com View Listings