This is breaking news as the Obama administration has side stepped Congress to help underwater homeowners refinance their higher interest loans at today's lower rates. This could be a big step forward to helping underwater homeowners here in Manatee and Sarasota counties get into a more manageable payment that they can afford. Some big… Read More
Obama Announces changes to HARP Loan modifications for all Fannie and Freddie Mac Loans?
October 25, 2011 By 1 Comment
Market report for Manatee County-Stable
October 12, 2011 By Leave a Comment
The numbers for the month of September 2011 have come in and inventory has stayed stable. The total amount of listings was up slightly to 3,500 units, up from 3488. 525 homes went pending in the month, and 431 homes were sold in the month of September. This is typically the slowest time of the… Read More
Is foreclosure the end of the problem? Not always.
September 20, 2011 By Leave a Comment
Not many people realize that if you loose a home to Foreclosure the bank has the potential to go after you for a deficiency judgement for up to 20 years! The law allows lenders up to five years to file for a deficiency judgement, and up to 10 years to collect, which can be extended… Read More
August market report showing signs of stability in Bradenton, FL
September 15, 2011 By Leave a Comment
Inventory in Manatee County continues to be tight. We have not had this low a level of homes for sale in the Bradenton area since 2004, with only 3488 homes available throughout Manatee county. Given the current rate of absorption, we can be considered to be in a flat market, and close to a SELLERS… Read More
New loan modification program from Freddie Mac
September 14, 2011 By Leave a Comment
There may be hope for those that have tried for a loan modification without success. Freddie mac has announced that they will have a program for modifying delinquent borrower's mortgages for those that have tried, and failed prior modifications, and also for those that do not qualify for the HAMP program. I have heard… Read More
Should lenders be forced to do principle reductions for “underwater” home owners?
September 1, 2011 By Leave a Comment
I was impressed to see the argument presented for Compelling the lenders in the United States to agree to reduce the principle of underwater homeowners to the actual value of their home. As an experienced short sale real estate agent, I have seen too many families lose their home, and have a new owner buy… Read More
Shadow Inventory of Foreclosures in the Major markets, a real EYE opener
August 30, 2011 By Leave a Comment
We all hear about the “shadow inventory” issues our country is facing, these graphics are really amazing at showing all the upcoming foreclosures throughout the country. This is a major problem, that will be with us for some time. What do you think of these maps? THIS IS A STARTLING SET… Read More
June market update sales on the rise
July 26, 2011 By 2 Comments
June was a busy month here for real estate homes selling briskly in Manatee county. It was interesting to hear that Case/Schiller Index showed property values rising by 1% in 20 major metro markets. I have noticed a big change in prices especially in the entry level market. For example, in Greenbrook Walk, a neighborhood… Read More
Now You Can Substitute a New Buyer for One Who Walked Without Restart, Awesome news!
July 13, 2011 By Leave a Comment
This should really help speed up the process when short sale deals fall apart. Nothing worse then getting a deal approved, and the buyer cancels the deal. I am glad to see that Bank of America is using some common sense on the realities of short sale process. Many times I have had a short… Read More
Short Sale Approved in less than 24 hours!
May 24, 2011 By Leave a Comment
Submitted the contract and approved in less than 24 hours! Most everyone who has considered buying a short sale thinks that there is nothing “short” about a short sale. This is not always the case! Time frames for a short sale offer to be approved typically are measured in months not days. This was… Read More
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