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…
Category: Mortgage / Finance
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…
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…
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,…
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….
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…
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…