As of October 1, 2008 there is a new Foreclosure Fraud rescue Law. F.S. 501.1377 Anyone working with short sales in Florida expecially in Pinellas county need to be aware of this new Law. The intent obviously is to protect the homeowners. To read this 7 page Law click below. http://laws.flru
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11/05/2008
One way first-time homebuyers can keep housing costs down is to get a great deal on a foreclosure. Right? Wrong, says author, real estate attorney and investor James Randel. "First time homebuyers have their own issues," says Randel. "To put foreclosure risks on top of that is imprudent." "Buying
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06/07/2008
For years, the Veterans Administration has allowed "Jumbo" VA loans; it's just that hardly anyone knew about them. The current VA loan limit with zero down, is $417,000, matching the conforming loan limits set by Fannie Mae and Freddie Mac. But the VA does make allowances for VA loans above that
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06/07/2008
Fannie Mae is scrapping a "declining markets" policy that required loan underwriters to boost minimum down-payment requirements by 5 percent in areas where home prices are falling or difficult to determine. Beginning in June, Fannie Mae will instead require 3 percent down payments for conventiona
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06/07/2008
Get Your Home Ready To Sell In preparing your house to sell, ask yourself over and over if your house looks like someone else's dream house. Houses in move-in condition tend to be inviting to buyers; houses that are like new typically sell the fastest and procure the best price.With that in mind,
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06/07/2008
Deciding how much house you can afford Before you start house hunting, you need to determine how much house you can afford, which will entail getting either prequalified or preapproved for a home loan. A real estate agent can help you find a mortgage broker to begin the process. While getting pre
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06/07/2008
Negotiation is back in style, and is likely to remain a necessary part of buying or selling a home in today's residential housing market. Needless to say, you need to work with the best real estate professionals you can find in your area. In most cases, it takes a team effort to put a home-sale
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06/07/2008
"I'm Mad as Hell ... and I'm not going to take it anymore." That's a quote from the movie Network, from 1976... Great Clip from that movie is below. Ya know, I’m tired of the Media slamming this market and saying how bad it is. If the media would just put a positive spin on things once in a while
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04/24/2008
Tampa's housing marketing experienced a month-over-month increase in the number of home sales, an increase in the number of pending sales contracts, and a decrease in the amount of inventory - all baby steps toward a market balanced between buyers and sellers. The monthly statistical reports rel
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04/24/2008
You might not hear much about them on TV or in the papers, but there are some economic signs popping up right now that are -- at the VERY least -- encouraging for housing and real estate. Take the gold standard of all forward indicators for the U.S. economy -- the Conference Board's "Index of Le
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04/24/2008