3/1/2011 4:32:00 PM
Florida's existing home and condo sales rise in January
ORLANDO, Fla. – Feb. 23, 2011 – Florida’s existing home and existing condo sales rose in January, according to the latest housing data released by Florida Realtors®. Existing home sales increased 14 percent last month with a total of ...
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2/10/2011 4:58:00 PM
What is a Short Sale
SHORT SALES A short sale is a transaction in which the lender(s) agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the ...
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10/26/2010 12:45:00 PM
Foreclosure probe by the FED
Fed throws its weight into foreclosure probe WASHINGTON – Oct. 26, 2010 – Raising pressure on banks, the Federal Reserve is wading into the investigation of whether mortgage lenders cut corners and used flawed documents to foreclose on homes. Major ...
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10/22/2010 11:54:00 AM
A foreclosure Tug-O-War between landers and property owners
WASHINGTON – Oct. 22, 2010 – Mortgage documents were treated in an almost lackadaisical way during the mortgage lending spree and now those documents are at the center of a legal clash that pits big lenders against homeowners. About a month after ...
Views: 68
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10/22/2010 11:33:00 AM
Mortgage Rates rise to 4.21%
WASHINGTON – Oct. 22, 2010 – Rates on 30-year fixed mortgages rose slightly from their lowest level in decades, inching up to a national average of 4.21 percent. Mortgage buyer Freddie Mac says the average rate for 30-year fixed loans was up from ...
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9/23/2010 12:28:00 PM
Florida existing home, condo sales move up in August
ORLANDO, Fla. – Sept. 23, 2010 – Sales of existing homes in Florida rose 1 percent in August, with a total of 13,997 homes sold statewide compared to 13,908 homes sold in August 2009, according to the latest housing data released by Florida Realtors®. ...
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9/18/2010 8:16:00 AM
Homebuyer tax credit causing headaches and trouble.............Tax credit advice.
Tax credit advice To read more about the IRS rules for the three tax credits, visit its website . For answers to specific questions regarding a home sale, buyers should contact a tax advisor. TAMPA, Fla. – Sept. 17, 2010 – The federal homebuyer ...
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9/16/2010 4:39:00 PM
Consumers see mixed outlook for housing
WASHINGTON – Sept. 16, 2010 – Fannie Mae’s latest national housing survey finds that most Americans believe the housing market has reached bottom, but they are more cautious about owning a home. Respondents to the Fannie Mae National Housing ...
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9/15/2010 12:49:00 PM
Shift on Florida condos by Fannie Mae
MIAMI – Sept. 15, 2010 – Fannie Mae is approving new Florida condominiums for financing at a clip of more than 15 per month and has cleared 123 projects through the first eight months of 2010, reports Condo Vultures. That condo sales pace represents ...
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7/9/2010 2:53:00 PM
Mortgage rates hit another record low.....................
This week, 33% of the industry experts polled by Bankrate.com believe mortgage rates will rise over the next week or so; 11% think they’ll fall; and 56% believe rates will remain relatively unchanged. McLEAN, Va. – July 9, 2010 — U.S. mortgage ...
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