Archive for For Sellers
Do You Have A Bank of America Mortgage On Your Port St. Lucie, Jensen Beach, or Stuart Home?
If you bought a home in Port St. Lucie, Stuart, or Jensen Beach and Bank of America is your lender, you may be in for pleasant surprise. I never thought I’d hear “Bank Of America” and “pleasant” used in the same sentence, but their new policies on mortgage modifications could be very pleasant to their sub prime [...]
Some Banks Reaching Out To Home Owners in Port St. Lucie
There are a couple of banks (I can’t name them, but if they hold your mortgage, you know who I am referring to) that are actually reaching out to home owners and encouraging them to modify their loans, or list their home for a short sale. They have over 4,000 loans on properties in Port St. Lucie, Stuart, and Jensen Beach that qualify. If you have received an overnight letter by Fed/Ex from your lender that you were not expecting, you are one of the lucky ones. These banks have a fast track program for distressed home owners, even if you are not delinquent on your payments.
Attempting a Loan Modification? Get Ready For A Lot Of Frustration
You are not alone if you’re frustrated in doing a loan modification. Thousands who want to stay in their home are hoping a loan modification will help. The Federal Housing Finance Agency says that as of November 30, 2009, a total of 405,700 trial and permanant modifications had been accomplished
Good News For Port St. Lucie Buyers And Sellers – First Time Home Buyer Tax Credit Has Been Extended
This is felt by many as an important step in keeping the housing recovery going. The $8,000 credit has been extended for buyers who have not owned a home for the last three years. The bill has been broadened to include a $6,500 tax credit to buyers who owned and used a home as their primary residence for 5 consecutive years out of the last 8 years. It has raised the income limit for a single person to $125,000 and for a married couple $225,000. The law also limits the home price to $800,000 and under. The home being purchased must be contracted for by April 30, 2010, and must close by July 1, 2010.
Although the inventory of homes is now standing at about 6 month’s supply in the Port St. Lucie area, there are reports that more foreclosures will be coming in the months ahead. This tax credit will be an incentive for buyers to step in and buy a home at not only a low price but to receive a credit. This will help clear the inventory out and
Obtaining a CDPE Designation – Certified Distressed Property Expert
Having successfully done short sales for the last three years, I felt I knew a great deal about them. Taking the intensive CDPE course gave me more insight into the process, and I hope it will enable me to reach out to more distressed property owners. CDPE stands for Certified
A Short Sale Thank You
One of the great things about working “short sales”, besides the commissions, is the gratitude expressed by sellers when it’s all said and done. After a short sale closing the sellers feel like a weight has been lifted off of their back, and it has
Short Sales in Port St. Lucie
We have been working short sales for over three years in the Port St. Lucie / Stuart area. Short sales have many variables that determine their success rate. Some of these variables are whether the borrower has one or two mortgages on the property, who the mortgage holder is, how patient the buyer is in waiting
Some Happy Real Estate News
According to FloridaRealtors.org , people are now moving for happier reasons and that’s good news. People (42% of those surveyed, at least) are now moving in hopes that it will lead to a better life, instead
More Info on Taylor, Bean, & Whitaker
More light is now shed on what happens to a homeowner’s morgage which was held by Taylor, Bean, & Whitaker. (150,000 mortgages). The Florida Division of Financial Regulation has gotten the loan company to update its Web site so that homeowners can find out what to do. You can get the info at the Taylor, Bean, [...]
What happens to Taylor, Bean, & Whitaker Mortgages?
What happens to Taylor, Bean, & Whitaker Mortgages since they were shut down by the government a couple of weeks ago? Taylor, Bean, & Whitaker did 1/3 of the FHA mortgages in Florida, and many borrowers wonder what will happen to their mortgage