short sale: FORECLOSURE TRENDS IN SE FLORIDA
- 12/29/09 12:05 AM
In today's housing market it's no secret that Florida ranks among the top states in foreclosure activity and in property value decline. After a year of government spending, bailouts and intervention that distinction remains unchanged. Last month Florida received the 2nd highest amount of new foreclosure filings nationally, second only to California. Other than steep declines in home values and drastically reduced sales activity little else has changed in the Florida housing market through 2009. Although the new year promises a (different) housing market, current foreclosure trends indicate that the pace of foreclosure activity will continue.Information obtained through RealtyTrac shows that … (0 comments)
short sale: FREE $$$ - TIME RUNNING OUT ON HOMEBUYER TAX CREDIT
- 09/02/09 05:39 AM
FREE $$$$$ The National Association of Realtors estimates that about 1.8 to 2 million first-time buyers will take advantage of the $8,000 tax credit this year, with approximately 350,000 additional sales that would not have taken place without the credit. Buyers have little time to act because they must complete the transaction by Nov. 30 to qualify for the credit. Unless extended, contracts signed but not completed by that date will not be eligible - it is taking approximately two months to complete home sales in the current market. Short sales could take even longer. For more info call me at 561-306-6736 … (0 comments)
short sale: Message To Banks: "You Can't Handle The Truth!"
- 07/26/09 03:29 AM
Are banks holding back foreclosures and creating a false or temporary market bottom? According to a July 24,2009 article in the Miami Herald some analysts believe just that. Inventories of foreclosed and short sale homes have dramatically declined over several months as banks have been less inclined to take back more properties. For example, typically in Florida a judicial foreclosure filing takes approximately 6 months. Presently that time frame is more likely to be a year or longer. I believe that banks are ill equipped to handle this new market of foreclosures and short sales. They don't have the personnel or … (0 comments)
short sale: Protection For Renters Living In Foreclosed Homes
- 06/06/09 05:16 AM
A bill passed by both houses and signed by the President on May 20, 2009 titled "Helping Families Save Their Homes"establishes among other provisions, some level of comfort for renters unwittingly caught in the foreclosure crisis. Many renting families have become victims of the foreclosure crisis by not knowing that the home is being foreclosed. Without warning they may be told that the home now belongs to the bank and that they have 48 hours to vacate. A provision of this bill finally addresses the problem and provides some security for renters of foreclosed homes. Helping Families Save Their Homes establishes … (0 comments)
short sale: How Mortgage Relief Options Work
- 12/19/08 04:05 AM
Loan Modification - Short Sale - Deed In Lieu - Forbearance Forbearance -Temporarily suspends all or a portion of your monthly payment, followed by a formal plan using another option listed here to return your account to a current status. Your hardship is expected to be short term in nature, or you know that you will be able to pay a particular amount on a specific future date and continue with your payments from that point forward.
Repayment Plan - Adds a portion of past due amounts to your regular monthly payment until your account is current. Your … (0 comments)
short sale: Preparing Your Home To Sell - The Staging Advantage
- 11/03/08 02:35 AM
Selling a home today is difficult. It can become costly and time consuming. The way home values have fallen many sellers find it difficult spending any money on getting the property ready for the market. Sellers today are competing with foreclosures, short sales and homes that may be in top condition. Not preparing the home before putting it on the market can put a seller at an even greater disadvantage. Investing a little time and money can help to give you an advantage that can reduce the amount of time it takes to sell and increase the chances that you'll … (0 comments)
short sale: "NO IT'S NOT A SHORT SALE!"
- 08/07/08 09:42 AM
More and more I'm being asked by prospective buyers and by Realtors inquiring about a property whether or not it's a short sale. My typical response has been to ask "are you looking for a short sale?" More and more I'm hearing..... "No, we don't want to get involved with any Short Sale!" It seems we may be getting to a point when the average agent and the average home buyer are going to leave the preforeclosure hassles to the seasoned investor and get back to some more conventional ways of buying a home. Any buyer who has had any … (0 comments)
In today's housing market it's no secret that Florida ranks among the top states in foreclosure activity and in property value decline. After a year of government spending, bailouts and intervention that distinction remains unchanged. Last month Florida received the 2nd highest amount of new foreclosure filings nationally, second only to California. Other than steep declines in home values and drastically reduced sales activity little else has changed in the Florida housing market through 2009. Although the new year promises a (different) housing market, current foreclosure trends indicate that the pace of foreclosure activity will continue.Information obtained through RealtyTrac shows that … (0 comments)
;)
;)
