If your credit score on the FICO scale is 599 or below, your application for a home loan won’t be accepted by most lenders, as even those with scores between 599 and…
Month: July 2010
Is Your Bank One of the 905 Mortgage Lenders Suspended by HUD?
Are you planning to apply for a home loan? Check if your bank is one of the more than one thousand banks that received notices of suspension, reprimand, probation, fines and other…
Realtors Helping Investors Profit from Foreclosed Homes in Florida
Recently in Florida, all these things happened: A horse dealer bought a foreclosed house in Marion County for $82,000 and then resold it several months later for $200,000. A real estate lawyer…
Good News: Mortgage Default Rate Plunged, HAMP Grade Surged
In the midst of discouraging news about housing starts and home builder confidence, there are at least two good news stories about the U.S. housing sector this week. First, the default rate…
Prices for Homes for Sale Held Steady in 2Q
Home buyers still have the upper hand as listing prices for homes for sale held steady and did not shoot up in the second quarter, based on a study by Altos Research…
Commercial Real Estate in Some Areas in Florida Bucked National Trend
Commercial real estate in some Florida cities like Miami, Sarasota and Pensacola beat the odds in the first months this year and bucked the nationwide trend of decline in the commercial property…
Real Estate Firms Rev Up Home Buying with Incentives
Home buyers continue to be enticed by real estate firms and home builders with various attractive incentives. One real estate brokerage with branches nationwide launched a cash-back program to replace the federal…
Home Sales to International Investors Continue to Surge
U.S. homes continue to be popular to foreign investors, as shown in the increased percentage of home sales to foreign buyers in the 12-month-period ended March 2010.Over the 12-month period, sales of…
Buyers of Bank Owned Homes in Florida Got 38 Percent Discount
People who bought bank owned homes in Florida in the first quarter this year got an average price discount of 38 percent, according to a RealtyTrac report. Those who bought short sale…
Four Types of Insurance You Should Have at Closing
You need four types of insurance when buying a home, according to the commercial general liability insurance recommendations and you need to have them at closing. Title Insurance This policy protects you…