RECENT BLOG POSTS
In my last post, I described the short sale process. Some have expressed concerns about the effect the resulting debt-forgiveness of a short sale has on your tax situation. In prior years, any form of debt-forgiveness on a mortgage was considered earned income. Now, however, the Mortgage Forgiven...
A "short sale" or "pre-foreclosure" occurs when a bank (or lien-holder) agrees to accept a discounted pay-off of a mortgage. In other words, the bank(s) will release the lien(s) that is secured on the real estate, upon receipt of LESS money than is actually owed. Why would any bank accept less th...
The annual aerial extravaganza known as the Sun n' Fun Fly-In begins April 8thand runs thru the 13th. The major draw at this year's show will undoubtedly be the USAF Thunderbirds. The Thunderbirds are a squadron of elite pilots that will demonstrate solo and formation flying routines. Their showc...
Florida Governor Charlie Crist said Monday morning that he supports the proposed new campus for the University of South Florida at Interstate 4 and the Polk Parkway. This is particularly noteworthy since last year, Crist himself vetoed funding for the very same campus. Crist announced his support...
Polk County is in the top 20 of the fastest growing counties in Florida, according to county population figures released by the U.S. Census Bureau. The annual estimates indicate that on July 1, Polk County had 574,746 residents, an increase of 90,822 residents since 2000. Based on its population ...
Sales of existing homes posted an unexpected increase in February. This follows six straight months of declining sales. The National Association of Realtors said that sales of existing homes rose by 2.9 % in February to 5.03 million units. It was the biggest increase in a year and caught most eco...
Long-term mortgage interest rates were down again Monday, and the benchmark 10-year Treasury bond yield sank to 3.31 percent. The 30-year fixed-rate average dropped to 5.74 percent, and the 15-year fixed rate fell to 5.09 percent. The 1-year adjustable rate dipped to 5.07 percent.