Wade Ellis's (wadegene) Blog

The total number of sales for September dropped from 1193 in August to 1102 in September 2010. Thats also 17% less then September of 2009 in which we sold 1321 homes. This probably isn't necessarily a bad thing considering we have less inventory than last year at this time. In fact we are on trac...

As Jp Morgan, Bank of America and GMAC freeze foreclosures, many homeowners are still looking for help. The first option is usually a loan modification, however most homeowners do not get enough help to make a difference in their hardship. Other attempts at modification get delayed by requests fo...

The government has implemented a new short sale program that will help homeowners gracefully exit their home by giving them incentives to sell. Incentives include no future liability of the first mortgage which means no cash contribution or promissory note. There is also a $1,500 which goes to th...

In a market flooded with condo inventory, many investors and 2nd home buyers are having a hard time figuring out what community will have future value, solid rental income or just a nice place to live with a good price point and reasonable HOA fees. The Lennar built community of Matera offers all...

I have noticed with my Wells Fargo short sales, that they always request these documents. It's probably a good idea to keep these on file and submit them initially with your packages. http://www.realfortmyersproperty.com/xSites/Agents/DennyGrimesCompanyInc/Content/UploadedFiles/Arms%20Length%20Tr...

You may have heard about the beautiful vacant building in downtown Fort Myers except for the one family that is living there. That building recently went into foreclosure and was sold to an affiliate of the original developer. The current owners goal is to sell all 125 units before the year's end...

As if Florida needed more housing problems, I ran across this chinese drywall update on the CPSC website. STATUS UPDATE, July 2010     I. Overview   This update describes new developments in the ongoing investigation of imported drywall and supplements the previous reports provided to the Committ...

If you are a struggling home owner, chances are you have probably contacted your mortgage company in regards to a loan modification. Let me guess, they told you they needed a hardship letter, pay stubs, bank statements etc...Then you didn't hear anything and you called them for an update only to ...

Our Vice President gave us this chart in our team meeting yesterday. For individuals, particularly end users that are waiting for prices to fall, it may not help their monthly payment if interest rates rise. These are the lowest interest rates we have seen in a very long time and as this chart sh...

Many sellers are concerned with the feedback of buyers, but the truth is, the market will give them the only answers they need. As my broker always says, there is only three things that can happen when you list a property. 1. No Showings. Solution: The market has rejected your price and a reducti...