August market report showing signs of stability in Bradenton, FL

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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

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?

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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

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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

Now You Can Substitute a New Buyer for One Who Walked Without Restart, Awesome news!

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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!

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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

Trying to figure out HAFA? A great explanation here

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Short sales are now one of the largest segments of homes for sale in Manatee County.  Although the amount of listings has begun to diminish I get questioned on the HAFA program daily.  I located a good resource guide throughout REALTOR.COM web site   This gives a step-by-step to the HAMP and HAFA programs.  I… Read More

short sales on the decline in Manatee County Lowest levels in years

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Short Sale inventory has been decreasing at the same time that sales are picking up.  Short sale homes and condos for sale in Bradenton have taken a noticable drop this past month, with 532 total short sales listings in all of Manatee county.  194 short sale homes and condos went pending last month as well. … Read More

principle reductions can happen!

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It finally happened!  One of my short sale customers was able to settle a mortgage for about 1/3 of the balance! Almost every person that is upside down on their home, has thought, “Why not have the bank reduce the principle balance to what the home is worth, and let me keep my home from… Read More

January 2011 market update report for Manatee County homes for sale

The Manatee Real Estate market was moving despite our frigid temperatures.  The homes for sale in Bradenton showed signs of stability, and with the extreme cold that our northern neighbors having experienced I would predict a strong, and busy spring here in Manatee County’s real estate market.   There has been a big spike in… Read More

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