foreclosure: Wishing the short sale process was faster and that less foreclosures occurred? Hope this proposed bill passes! - 02/23/12 12:52 AM
To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process.

Senators Lisa Murkowski (R-Alaska), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17. A short sale is a real estate transaction where the homeowner sells the property for less than the unpaid balance with the lender’s approval.
“There are neighborhoods across the country full of empty homes and underwater owners that have legitimate offers, but unresponsive banks,” said Murkowski. “What we have here … (1 comments)

foreclosure: Don't let your home foreclose, let us help you with a Short Sale! - 11/18/11 04:17 AM
Team Carlos is Tallahassee's #1 Short Sale Team!
We have already closed over 50 short sales this year. No, your eyes are not messing up, 50! Saving homeowners from foreclosure is a wonderful part of this business for us and we really enjoy helping out as many people as we can.

foreclosure: Sharga: Several more years with nearly 1M foreclosures per year - 11/01/11 07:39 AM
The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services.
Sharga recently left RealtyTrac, where he helped build a network that tracked foreclosure filings across the country. Recently, analysts at Bank of America Merill Lynch estimated REO sales would peak until 2013 when nearly 1.5 million properties would be sold.
According to RealtyTrac, there have been 8.9 million homes lost to foreclosure since 2007, the height of the credit crisis.
Sharga said based on lender behavior, he doesn't see a spike happening, rather a slow, steady burn in … (2 comments)

foreclosure: JPMorgan Chase Has Completed the Most HAFA Deals - 10/25/11 06:26 AM
Since the launch of the Home Affordable Foreclosure Alternatives (HAFA) program in April 2010, JPMorgan Chase has completed more short sales and deeds-in-lieu of foreclosure through HAFA than any other mortgage servicer. That being said, there's still room for improvement as Chase's top-ranking number of HAFA deals is just 2,686, according to the Treasury Department.
Wells Fargo ranked second with 2,400 completed; Bank of America was third with 1,600. It seems the top 10 mortgage servicers also canceled approximately 600K trials because of a redefault, borrower ineligibility or insufficient documentation. Another 1.5 million distressed homeowners were denied from even entering … (1 comments)

foreclosure: Great information from Tallahassee's #1 Short Sale Team! - 10/19/11 09:13 AM

foreclosure: Moving to Tallahassee, Florida? Here is some great information on our wonderful city! - 10/18/11 08:52 AM
Here you can find so much good information about things to do in Tallahassee! You can view our local events and view some of the best places to stay! Be sure to check out the "Things to Do" tab and view some of our most popular dining, nightlife and shopping spots! Don't forget to read about our history while there and note some of the awesome museums we have! 

foreclosure: Team Carlos October Listings! - 10/13/11 09:35 AM
Check out some of Team Carlos' newest listings! … (0 comments)

foreclosure: Tallahassee, Florida Foreclosure rate increasing - 10/11/11 05:25 AM
The foreclosure rate in Tallahassee has climbed again compared to last year, according to July figures just released by research firm CoreLogic.
The CoreLogic data shows that Tallahassee area foreclosures among outstanding mortgage loans are 5.50 percent for the month of July, up from 4.35 percent in July 2010.
In June, the rate was 5.44 percent. CoreLogic's figures show that the area's foreclosure rate has climbed steadily in all but two months since January 2009, when the rate was 2.14 percent.
The statistics include Leon, Wakulla, Gadsden and Jefferson counties.
The July 2011 foreclosure rate for Florida was 12.22 percent. The figure for … (2 comments)

foreclosure: Bank of America: $20,000 short sale incentive to struggling homeowners - 10/10/11 04:45 AM
CHARLOTTE, N.C. – Oct. 7, 2011 – Bank of America, the nation’s largest mortgage servicer, is offering Florida homeowners up to $20,000 to short sale their homes rather than letting them linger in foreclosure.The limited time offer has received little promotion from the Charlotte, N.C.-based bank, which sent emails to select Florida Realtors earlier this week outlining basic details of the plan.Only homeowners whose short sales are submitted for approval to Bank of America before Nov. 30 will qualify. The homes must have no offers on them already and the closing must occur before Aug. 31, 2012.A short sale is when … (2 comments)

foreclosure: Treasury withholds HAMP funds from BofA, Chase again - 09/07/11 09:19 AM

Thursday, September 1st, 2011, 1:00 pm
The Treasury Department will withhold payments once again to Bank of America (BAC: 7.45 +6.58%) andJPMorgan Chase (JPM: 34.8195 +4.13%) for their poor performance modifying mortgages in the second quarter.

Both banks need substantial improvement to their operations within the Home Affordable Modification Program, according to the compliance review conducted by the Treasury.

In the first quarter, the federal agency elected to withhold payments from these two banks and Wells Fargo (WFC: 24.92 +4.18%). Since then, Wells made the mandated improvements. Though some moderate work is still needed from the bank, the Treasury will return previously withheld funds.

If … (2 comments)

foreclosure: Week 2 Real Estate Market Update with Lead Buyer Specialist Kierston Schultz! - 09/06/11 06:26 AM
This week's topic - Short Sales

foreclosure: Pre-Foreclosure Short Sales Jump 19% in Second Quarter! - 09/01/11 04:25 AM

foreclosure: Foreclosure money to help 40,000 Floridians - 04/11/11 06:07 AM
TALLAHASSEE, Fla. - April 6, 2011 - About 40,000 struggling Florida homeowners may soon get federal help making mortgage payments in an effort to help stave off foreclosure.The Florida Housing Finance Corp. announced Tuesday it is expanding the federal Hardest Hit Fund statewide.The $1 billion fund will help eligible homeowners make mortgage payments for up to 6 months. Homeowners must be unemployed or their housing cost must be 31 percent or more than their income. Delinquent homeowners who are now able to start making payments could also get help getting current on their loans.First announced on Feb. 19, 2010, by the … (1 comments)

foreclosure: Top 5 Short Sale Questions Answered - 04/06/11 06:22 AM
Having helped more than a boatload of agents and homeowners with their short sales, I can attest to the fact that most folks (buyers, sellers, and agents) have the very same questions and concerns about the short sale process. It is probably a given that short sale sellers should educate themselves on the short sale process before signing on the dotted line. This might mean consulting with an accountant, an attorney or a handful of agents; it all depends upon the sellers comfort level. For agents listing short sales, you definitely want to be on top of your game and be … (2 comments)

foreclosure: Federal programs can help homeowners avoid foreclosure - 02/28/11 08:25 AM
Reporting from Washington - Despite efforts to the contrary, there still is a major gap between homeowners in danger of losing their homes and the resources available to help them avoid foreclosure, according to a report released last month in Nevada.The study found that more than half the Nevadans facing foreclosure didn't know about federal and state programs aimed at helping them. Furthermore, almost as many said their lenders were "not willing at all" to work with them.These troubling findings were revealed in an analysis of the Silver State's foreclosure crisis undertaken by the Nevada Assn. of Realtors. Actually, considering the herculean … (0 comments)

foreclosure: NAR: Nearly 8 in 10 Americans think buying a home makes good financial sense - 10/18/10 03:24 AM
 With all the talk of a declining real estate market and short sales, I am glad to see this!! Tallahassee has seen our fair share of foreclosures and short sales. With interest rates at all time lows, I also believe that buying a home does make sense! Thank you NAR for giving us positive information!

foreclosure: Bank Owned Just Reduced - 10/04/10 04:49 AM

foreclosure: Short Sale Eqator Certified - 09/29/10 10:25 AM
Today I got another feather in my cap and become Equator short sael certified. I am committed to be as educated about Short sales as possible to ensure the most stream line process  to help our clients in these stressful times. I would love any referrals to help not only your client and you but also save our Tallahassee real estate market from foreclosures.

foreclosure: Bank Owned Near Universities - 09/28/10 04:18 AM

foreclosure: FREE Preforeclosure/Short Sale Seminar For SELLERS AND BUYERS - 08/27/10 06:51 AM

Mike Carlos, Realtor, Tallahassee FL (Keller Williams Town & Country Realty) Rainmaker large

Mike Carlos

Realtor, Tallahassee FL

Tallahassee, FL

More about me…

Keller Williams Town & Country Realty

Address: 1520 Killearn Center Blvd, Tallahassee, FL, 32309

Office: (850) 583-1919

Fax: (850) 531-8362

Email Me




RSS 2.0 Feed for this blog