5/25/2012 10:07:00 AM
Tampa Bay Leads the Nation in Foreclosed Homes
According to a report
released last week, Tampa Bay, yet again, takes the lead in the nation for
foreclosures. From March to April, Tampa Bay area properties in mortgage
default, auction or bank repossession jumped 18%. Our neighbors to the south,
Miami came ...
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5/16/2012 11:33:00 AM
"Low-ball" Offers Aren't Working
A clear sign that the market is rebounding is when low ball offers from buyers no longer get the sale. It seems to have just happened overnight, but one day sellers are entertaining every offer that comes over & today, buyers are offering at or above asking ...
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5/14/2012 2:08:00 PM
Is Your Home in “Ready to Sell” Condition?
When you’ve owned a home for many years, there’s a tendency
to overlook some improvements & repairs that need to me made. In this
competitive market, buyers can spot these oversights immediately. Recently, the University of Florida created ...
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2/24/2012 9:51:00 AM
Avoiding Foreclosure Part 5: Mortgage Modification
As a means to avoid foreclosure, some homeowners may be
eligible for a loan modification. Contact your mortgage company to see if you
qualify. Usually the homeowner will have to be able to make their mortgage or
at least be very close to making it – ...
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2/22/2012 2:09:00 PM
Avoiding Foreclosure Part 4: Leasing the Property
Some homeowners have a situation where they are able to make
partial payments on the note. These homeowners may find it effective to rent
out the property. With the additional rental income, they are able to make a
full payment. While this seems like a great ...
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2/20/2012 1:39:00 PM
Avoiding Foreclosure Part 3: Forbearance or Repayment Plan
In the last blog I discussed reinstating your mortgage by
paying the entire amount that is past due, plus fees, all at once. So how does
a homeowner avoid foreclosure if they cannot pay the full reinstated amount?
Some banks will allow homeowners to reinstate ...
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2/15/2012 10:05:00 AM
Avoiding Foreclosure Part 2: Reinstatement of Mortgage
Reinstatement is a way for homeowners to avoid foreclosure. If a homeowners misses payments due to temporary circumstances & those circumstances have been resolved, the homeowner may qualify to have their mortgage reinstated. To reinstate, the homeowner ...
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1/30/2012 9:29:00 AM
What is a Short Sale?
In some areas 50% or more of homes that are closing are
distressed, a short sale or foreclosure. By definition, a short sale is “a situation
where a borrower owes an amount on their property that when combined with
closings costs and commission is higher ...
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1/27/2012 9:24:00 AM
What are my options If I can’t make my mortgage payments?
While it may seem like you’re on a sinking ship, there are
viable options for homeowners who can no longer make their payments. In the
next few posts I’ll be discussing these options in detail. No matter which
option you choose, always, always ...
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1/20/2012 1:48:00 PM
HOW CAN I CONTACT HUD?
To
contact the Housing and Urban Development Department you can
visit the website at www.hud.gov . HUD has many offices around the country. You can get most information you'll need by visiting one of their offices or checking out the website. There are ...
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