orlando homes for sale: Orlando Fl Real Estate = Foreclosures
- 03/07/08 12:10 PM
Home foreclosures hit record highHome foreclosures soared to an all-time high in the final three months of 2007 and probably will keep rising, evidence of homeowners' suffering and the economic danger from the meltdown.The Mortgage Bankers Association said Thursday the proportion of all mortgages that slipped into foreclosure set a record, 0.83 percent, from October through December. The previous high, 0.78 percent, came in the July-through-September period."Clearly it's the worst it's been," At the same time, more homeowners fell behind on their monthly payments.The delinquency rate - when payments are at least 30 days past due - for all mortgages climbed … (0 comments)
orlando homes for sale: Orlando Area News - HUD unveils Proposed Changes to Mortgage Process
- 03/03/08 12:50 PM
Washington Report: HUD Unveils Proposed Changes to Mortgage Process Published: March 3, 2008 Within days, the federal department of Housing and Urban Development plans to unveil sweeping proposed changes to the American mortgage application process and real estate settlement system. The rule changes are the end-product of HUD's five-year effort to streamline mortgage disclosures, promote comparison shopping by loan applicants, and to stamp out eleventh-hour surprises at closings -- where fees come in hundreds or thousands of dollars higher than initial estimates. Realty Times obtained a point by point summary of the proposals in advance of their official release by HUD. The changes are … (0 comments)
orlando homes for sale: Waterford Lakes Fl., Avalon Park, FL., & East Orlando Real Estate - Bernanke Hints at More Rate Cuts Amid Multiple Economic Risks
- 02/28/08 11:52 AM
WASHINGTON -- Federal Reserve Chairman Ben Bernanke Wednesday delivered an economic forecast fraught with risks from housing, labor and credit markets, suggesting policymakers remain on track to lower interest rates further next month. Meanwhile, Mr. Bernanke indicated that inflation risks are more two-sided, though skewed slightly to the high side -- a nod to the stagflationary mix of weak growth and rising price data of late. But Mr. Bernanke made it clear where the Fed's main worries lie. "It is important to recognize that downside risks to growth remain," Mr. Bernanke told members of the House Financial Services Committee. http://online.wsj.com/article/SB120412412525296845.html?mod=hpp_us_whats_news About the author: Jerry … (0 comments)
orlando homes for sale: Waterford Lakes Fl., Avalon Park Florida - Florida Homes "ON-SALE"
- 02/28/08 11:49 AM
Yes, Florida is on-sale. Orlando is one of the best cities for bargain hunters. According to Forbes magazine Orlando is one of the top ten markets for home bargain hunters. Here they are: 1. Salt Lake City, Utah Of the major metros in the U.S., Salt Lake City is adding jobs faster than anywhere. The economic boom in SLC has drawn residents from all over the country, and more than a few home builders trying to make a profit in these otherwise woeful times. Housing supply has gone up quickly, and there hasn't been a high rate of foreclosure. 2. Raleigh, N.C. Raleigh is another market … (0 comments)
orlando homes for sale: Waterford Lakes Fl., Avalon Park, Fl. Real Estate Tax Amendment 1 Important Dates
- 02/27/08 01:33 PM
There are some important deadlines approaching with regard to provisions of Amendment 1. What you should do to receive benefits of Amendment 1 To receive some of the benefits of the changes enacted January 29th, certain citizens must take action by March 1, 2008. The Constitutional amendment created four new opportunities for taxpayers to obtain tax relief: 1. Increased homestead exemption 2. Portability of "Save our Homes" benefit 3. $25,000 exemption for tangible personal property 4. 10% annual assessment limitation for non-homestead property What taxpayers must do to receive these new benefits: 1. Increased homestead exemption - Homeowners that are currently receiving … (0 comments)
Home foreclosures hit record highHome foreclosures soared to an all-time high in the final three months of 2007 and probably will keep rising, evidence of homeowners' suffering and the economic danger from the meltdown.The Mortgage Bankers Association said Thursday the proportion of all mortgages that slipped into foreclosure set a record, 0.83 percent, from October through December. The previous high, 0.78 percent, came in the July-through-September period."Clearly it's the worst it's been," At the same time, more homeowners fell behind on their monthly payments.The delinquency rate - when payments are at least 30 days past due - for all mortgages climbed … (0 comments)
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