JPMorgan Chase has temporarily stopped foreclosing on more than 50,000 homes so it can review documents that might contain errors. JPMorgan’s move Wednesday makes it the second major company to take such action this month, underscoring a growing legal problem. The issue could stall an already overloaded foreclosure process. Still, analysts don’t expect the delays […]
Archives: September 2010
The Price Group August Awards 2010
Highland Courtyard Townhomes Historic Round Lake downtown St. Pete FL
Where is the shadow inventory?
For the last year, the real estate industry has been talking about shadow inventory and the coming flood of distressed properties. Where are they? Here’s what’s happening, according to a recent paper by Alan Mallach, a senior fellow the Brookings Institution: • Some delinquencies have been resolved through loan modifications or people working out the […]
Aug 2010 MLS stats Pinellas County
Pinellas August 2010 MLS Stats Click Here
7 in 10 say it's 'good time to buy'
Fannie Mae poll shows fewer see housing as a safe investment A survey by Fannie Mae shows seven out of 10 Americans now agree with half of the proposition put forward by the National Association of Realtors in a notorious 2006 advertising campaign — that “It’s a great time to buy or sell a home.” […]
Almost 65,000 Floridians claim tax credit
A report by the Government Accountability Office finds that Florida ranked third in the number of first-time buyers who qualified for one of the three IRS tax credits, with 64,879 buyers making the claim. The study includes all three credits authorized by Congress. In dollars and cents, that means Florida residents received $455,565,365 offered under […]