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…
Category: Communities
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…
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…
27 Percent Discount for Distressed and Foreclosed Homes
The nearly 233,000 distressed and foreclosed homes sold throughout the country in the first three months this year were sold at an average discount of 26.7 percent, based on a report from…
Builders Cutting Home Prices to Step up Sales
Across the country, home builders are again cutting home prices to step up sales and reduce their inventory. After the federal tax credits ended on April 30, the pace of sales slowed,…
Great News about Florida Surmounts Oil Spill Issues
Much of the noise about Florida now in the mass media is about the Gulf Coast oil spill and its effects on everything from fishers and homeowners to top BP executives invading…
Fannie Mae’s Warning Makes the Case for Short Sales
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….
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…