If you’re contemplating walking away from your mortgage, particularly if your loan is backed by Fannie Mae, weigh thoroughly your options. If you’re really distressed, short sales may be the better alternative….
Category: Buyer / Seller Tips
Slowdown in Pinellas Foreclosures Helped Cut Statewide Numbers
The number of distressed Florida homes in May dropped by 14 percent over the year due in part to the decline in Pinellas foreclosures. In May, foreclosure filings in Pinellas dropped by…
VA Loans – Among the Best Home Loans Available
Find out if you qualify for a VA loan because it’s among the best home loans available. VA loans are desired greatly because of the following: Zero down payment Because the VA…
Buyers See Profit Opportunities in Tampa Condos
The improvements in sales and prices of pre-owned Tampa condos in April showed that investors continue to see great profit opportunities in the Tampa condo market, particularly distressed properties. There were 1,031…
Private Mortgage Insurance Making a Comeback
You now have another option to finance your home purchase aside from using a FHA loan or a 20-percent down conventional loan as private mortgage insurance is now being offered again. Lenders…
Bank Owned Properties in Tampa Surged Despite Drop in Filings
There are more choices for buyers looking for Tampa bank owned properties as lenders repossessed more homes in May. In the Tampa Bay counties of Pinellas, Pasco, Hillsborough and Hernando, banks repossessed…
Recent Regulations to Help Rev up Condo Sales in Florida
Florida is bursting with unsold condos, and a huge number are bank owned. So state legislation had to be crafted to help sell these vacant condos. Even Fannie Mae, Freddie Mac and…
More Bank Owned Homes Nationwide for Buyers
There are more bank owned homes for buyers nationwide as bank repossessions increased in May for the second consecutive month, based on a report released by RealtyTrac. Nearly 94,000 homes were repossessed…
Get Your Free Credit Report Only from Annualcreditreport.com
You can obtain a free copy of your annual credit report from each of the three major consumer credit report agencies – Equifax, TransUnion and Experian – once every year. But make…
5 Interesting Facts about Foreclosures in Florida
Florida has been hogging the headlines because of its record foreclosures, and it’s not only the foreclosure numbers that are attracting the media, but also things such as the following: 1. Florida…