short sales: The 2014 Housing Wrap-up - 12/04/14 02:10 AM
Today I began seeing press releases from real estate pundits throwing out their predictions for the 2015 housing market. That’s all fine and good and I will probably give own opinions on 2015 in the coming weeks, but before I do that I thought it would be appropriate to take a look at what transpired in 2014.
2013 was a hot year for home prices across the nation and the prediction for 2014 was that prices would continue to rise but at a much slower 4% - 5% increase compared to the 10% plus of 2013. I saw … (2 comments)

short sales: Banks Reach $8.5 Billion Foreclosure Settlement - 01/10/13 01:11 AM

Banks Reach $8.5 Billion Foreclosure Settlement

Ten banks reached a $8.5 billion settlement in response to federal claims of mishandling of foreclosures and debt relief services.

Of the $8.5 billion, $3.3 billion is to be in the form of direct payments to the more than 3 million people people who were in foreclosure in 2009 and 2010.  The other $5.2 billion is earmarked for foreclosure and distressed property assistance, such as loan modifications.
Is it enough?  To read the Palm Beach Post article outlining the settlement, and how some experts feel about it, click here.

short sales: Bank of America's Florida Short Sale Incentive Program Expanded!!! - 08/24/12 12:22 AM
I've made some past posts reporting on the progress of the Bank of America Short Sale Incentive Program also known as the Short Sale Relocation Assistance Program. BOA kicked off a pilot program in September of 2011 with some good success by early 2012. Bank of America decided to exptend the program and at the time they were offering up to $20,000 to eligible homeowners to short sale their home. Recently, Bank of America upped the offer to as much as $30,000 to an eligible Bank of America borrower.  Here are some of the Program Basics.
- This is a Bank … (1 comments)

short sales: Top News Articles This Week from Linkedin - 07/26/12 09:36 PM

short sales: Joby Slay receives award from Keller Williams Realty's South FL Region - 06/29/12 12:15 AM
Joby Slay and the Harvest Realty Group receive an award from Keller Williams South Florida Region for being NUMBER 9 in closed units for the entire South Florida Region including offices from Tampa to Miami. This is the second consecutive month the Harvest Group has received this award with a ranking of #13 in April. Source: via Joby on Pinterest

short sales: Are Short Sales Timeframes Getting Faster? - 04/18/12 11:13 PM
Fannie and Freddie Set Timeline Requirements for Short Sales
By: Carrie Bay / Source:
Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days.
The GSEs issued new guidelines Tuesday that fall under the Servicing Alignment Initiative rolled out last fall and aim to bring greater transparency to the short sale process and expedite decisions related to these pre-foreclosure sales.
Not only is a short sale an effective foreclosure alternative when … (1 comments)

short sales: More Good News for the Housing! - 02/23/12 10:03 PM

short sales: Top Headlines in Real Estate - LinkedIn - 01/27/12 01:20 AM

short sales: Bank of America Short Sale Incentive Program for Florida Homeowners - 10/11/11 05:47 AM
Bank of America just rolled out a new short sale incentive program to real estate agents in Florida. I received this email earlier in the week and already have clients accepted into the program and so far its looks to be for real. Bottom line is if you have a loan with Bank of America and have been considering the short sale option or are already behind on your mortgage payments then you need to apply for this program. Call me for further details on how to apply.
Time is of the essence as you must initiate the short sale before November … (1 comments)

short sales: Short Sale Advice for Buyers - 07/09/11 09:32 AM
If you are shopping for a home in this market it's inevitable that you are going to come across a home for sale that is being sold as a short sale. What should a serious buyer do when they find a home they like or even love and are ready to make an offer and discover it's a short sale listing? Especially when everything you hear from the media and friends and the guy in the checkout line at the supermarket is the terrible experiences they've had in trying to purchase a short sale and how much time they can take.

Some recent articles came out this week with new data confirming that most homes almost 50% of the homes in South Florida are "underwater". Underwater homes are defined as homes with mortgage debt that exceeds the current value of the property.
Another interesting statistic is that homes selling for a loss across the country stands at 27% of all sales, but in Florida that number jumps to 48%.
What this boils down to is that we still have a lot of inventory to work through in the way of short sales and foreclosures before we can expect to see homes values … (0 comments)

Joby Slay, MBA (Harvest Realty Group, LLC)

Joby Slay


Jupiter, FL

More about me…

Harvest Realty Group, LLC

Address: Palm Beach Gardens, FL, 33418

Mobile: 561-667-4171

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