foreclosure: The Palm Coast, Florida Housing Market May have Reached Bottom - 03/19/08 11:41 PM
The Palm Coast, Florida housing market may have reached bottom. February stats continue a trend first noticed in January. In each month, the number of homes available for sale on MLS declined and the number of signed sale contracts increased. My February newsletter showed that even though the number of closings in January was the lowest in several years, the number of homes for sale declined. Obviously the reason for the decline was not that homes sold. It was, in fact, because prices have reached a level where discretionary sellers decided that they would not lower their asking price to the prevailing … (3 comments)

foreclosure: PMI, The Mortgage Industry’s Dirty Little Secret - 10/30/07 02:22 AM
Private Mortgage Insurance (PMI) has long been touted as a benefit that allows borrowers to purchase property with less than a 20% down. But who is the real beneficiary of PMI? We are all told that PMI is insurance that pays the lender if we default on our mortgage. While true, this does not tell the whole story. There is a lot that we are not told.
If PMI is a condition of a mortgage, here is what the lender must disclose:
As part of a "good faith" estimate of closing costs, the lender must provide an estimate of the PMI premium. … (23 comments)

foreclosure: Short Sales of Pre-foreclosure Properties - Because Banks Don't Want to Own or Dispose of Real Estate - 07/09/07 10:20 AM
Palm Coast, Florida - The rising number of delinquent mortgages and impending foreclosures provide an opportunity for great bargains. The process takes time and effort but the buyer, the bank and the seller can all benefit.
The market price of Flagler County, Florida real estate has dropped over the past eighteen months. The median sale price of existing single family homes dropped 17% from $259,900 in December 2005 to $215,000 in May 2007. At the same time, some home owners are stressed financially, either by changing financial situations or by rising insurance, real estate tax, and ARM payments. Whatever the reasons, foreclosures are … (3 comments)

 

Toby Tobin

Palm Coast, FL

More about me…

Real estate commentator; GoToby.com, Take Action Propertiesi

Address: 35 Riverview Bend S., Unit 1816, Palm Coast, FL, 32137

Office: (386) 597-2185

Mobile: (386) 931-7124



Links

Archives

RSS 2.0 Feed for this blog