Steve Busse's (sbusse) Blog

St Petersburg FL – How do foreclosures, loan modifications or short sales affect a credit score? Your credit score will be affected by late mortgage payments and a short sale. However, there are 2 things that are considered horrible on your credit report. Those 2 are items are foreclosure and ban...

St. Petersburg FL – We received a lot of feedback from yesterday’s post. One agent said, “You obviously don’t know what you are talking about. Bank X won’t give us a response on the file and we have been waiting 5 months for an answer. How dare you suggest that I am incompetent because they have...

Interesting observation over the past 12 months here in St Peterburg.  Good people that have always paid bills on time and never thought about turning their backs on responsibility are going bankrupt.  My recent clients always paid on time and had a slow down at work.  Went to apply for a re fian...

St Petersburg FL – In my opinion, loan mods are very tough to negotiate with large lenders like Bank of America, Wells Fargo, JP Morgan Chase, or SunTrust. The reason is because you are treated like a number. In addition, in most cases the lender doesn’t own your loan. Someone else does. So when...

St Petersburg Short Sales: For those of us working short sales in St Petersburg Fla  the process is not improving.  More short sales are coming into th market and luxury shorts are expected to increase over the next 12 months.  The Feds unwillingness to work the process is creating another financ...

St Petersburg FL – Some lenders are very stubborn about collecting what they feel they are “rightfully owed.” These lenders are usually a lender that you originally got the loan from. A good example is a credit union loan, or a small community bank. Another common type is loans that were granted...

THE FUTURE OF ST PETE CONDO SALESis still up in the air. With some noted sales improvement of St Pete Condos end 0f 2010 , 2011 will present its own set of challenges in the St Pete Condo Market. Devaluation of Currency overseas has slowed the demand for St Pete Condos from our European buyer mar...

St Petersburg FL – If you are selling your home, then ask the buyer to write a letter about why they want to purchase the home. If you are a buyer, then write that letter. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. The listing agent will submit...

St Petersburg FL – According to data from the National Bankruptcy Research Center, US bankruptcies have reached a 5 year high. The last record was set in 2005. That record was set because bankruptcy laws were being tightened up and people wanted to file before the laws changed. (The big banks had...

Home for Sale St Petersburg Fla,  5593 81st Terrace N Pinellas Park , St Petersburg Fla This large estate offers a quarter acre lot with no neighbors on three sides.  Tucked away in a private neighborhood with 21 grand oak trees, truly allows one to feel they are in the country, but have all the...