If you’re feeling unsure about buying a home now, you’re not alone. As headlines proclaim foreclosures, unemployment and an unstable economy, it’s natural that you have some hesitation about pursuing your dream…
Month: October 2010
Florida Improved Its Closing Cost Ranking
This year, closing costs sharply increased in many states, including Florida, based on a survey conducted by Bankrate. But Florida improved its ranking compared to other states. Last year, Florida was the…
Notable Home Sales in South Florida in 2010
Despite the current doldrums in the residential real estate sector in Florida and in all other U.S. states, home sales happen that make people notice because of their sales prices or…
Credit Unions Better Than Banks in Providing Quality Home Loans
Credit unions performed better than banks in the quality of home loans given to borrowers in the first three quarters of 2010, according to a study by compliance solution provider Quality Mortgage…
Average Price Reductions in 50 Top Cities Remained at Ten Percent
Home sellers in the 50 most populated cities nationwide cut their listing prices by an average of 10 percent in September, unchanged from August, according to Trulia’s study of homes on Multiple…
Florida Bank-Owned Homes Surged in Number before Foreclosure Freeze
Despite efforts to help distressed homeowners, more homes in Florida became bank owned in September and in the July to September quarter compared to previous periods. Even the suspension of foreclosures by…
Biggest Lenders’ Foreclosure Freeze Could Further Increase Short Sales
The suspension of foreclosures by GMAC Mortgage, JPMorgan Chase, Bank of America, PNC Financial Services Group, Goldman Sach’s Litton Loan Servicing and other large lenders that may follow suit could further rev…
18 States Work Out Programs to Help Distressed Homeowners with $4.1 Billion
If your state is not among the 32 states implementing the Emergency Homeownership Loan Program, then your state is among the 18 states that were granted $4.1 billion in Hardest Hit Fund…
Emergency Homeowner Loan Program for Residents of 32 States
If you’re a distressed homeowner living in the 32 states that did not receive any money from the Hardest Hit Fund established in February, then you might qualify for the Emergency Homeowner…
Are Your Parents Asking You About Reverse Mortgage?
Different families have different parent-child relationship dynamics. Some parents don’t feel the need to inform their adult children about decisions that could impact their children in the future while others see to…