While many home-buying hopefuls are racing to the bank to close their deals before the $8,000 tax credit disappears, not every potential home-buyer thinks the best deals are out there yet. But the money one might save by looking for a better home price could pale in comparison to the huge cost of waiting if […]
Archives: April 2010
A shorter wait to buy after deliquency
To encourage distressed borrowers to agree to deeds-in-lieu of foreclosure, Fannie Mae is reducing the waiting period — from four years to two years — for them to become eligible for a new mortgage. The new policy, which will apply to loan applications submitted after June 30, requires a minimum downpayment of 20 percent from […]
Understanding the HAMP & HAFA program
This is a great video which will give you a very good understanding of how the HAMP & HAFA programs work and what you need to do to get approved. The Price Group have completed many short sales in Pinellas & Manatee, we are ready to assist you with the HAMP & HAFA programs, so […]
Pinellas County Real Estate Maket Stats March 2010
A very hot March (MLS stats Click Here .pdf) Absorption Rate: With falling inventory and the trend for increased sales, the absorption rate continued to rise to 11.5 percent for single-family and 9.5 percent for condos. Currently the months’ supply of inventory is 5.5 single-family and 7.6 condo. Inventory: The number of listings on the […]
Crowds likely at ‘Save the Dream’
A record number of desperate borrowers have registered for a traveling mortgage relief marathon that “sounds too good to be true.” The Neighborhood Assistance Corporation of America’s Save the Dream Tour opens 9 a.m. Thursday at the Miami Beach Convention Center, offering thousands of struggling homeowners a chance to modify their loans – at no […]
Home Affordable Modification Program – Is Help On Its Way?
How does the HAMP & HAFA programs work and will they help you? Get all the info here!
Default can spur revenge desire
There was an article in the Tampa Tribune today called “Default can spur revenge desire” This is a great article of what we as Realtors are seeing out there today. People destroying they homes as an act of revenge on the banks and financial institutions who loaned money to borrowers to achieve the American dream […]
Appraisers say cheaper valuations open door for short-sale abuses
WASHINGTON – April 6, 2010 – A run-up in housing prices contributed to the downfall of real estate, but now some appraisers fear low-ball valuations could lead to the next market muddle. They say a new federal rule to speed up short sales will increase banks’ reliance on broker price opinions (BPOs) – cheaper, quicker […]