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Over 108 complaints have been filed with the Florida attorney general's office in the last two weeks from people that have become possible foreclosure scam victims! Outreach Housing, located in Margate, Broward County, Florida, is one such company that is being sued by the attorney general. Accord [Read More]

Daily Mortgage News JP Morgan Chase has cut their stock dividend from .38 cents to .05 cents per share which is 87%! Chase actually did this hoping that it would allow them to pay back the the$25 Billion from TARP. JP Morgan Chase is not the only bank trying this though, Bank of America has cut th [Read More]

$20 billion of the $75 billion that has been put aside for the Homeowner Stability Initiative, will be contributed by Fannie Mae and Freddie Mac to be used for subsidizing interest rates to lower monthly mortgage payments for the struggling homeowners.  Back in September of 2008, th [Read More]

When looking for real estate in Hernando County on the West Coast of Florida, properties to the east in the county are often overlooked. Located just west of the Suncoast Parkway, East Linden Estates in Spring Hill offers a variety of beautiful homes on large lots. It's a peaceful area away fro [Read More]

Daily Mortgage News Bank of America and Citigroup's shares went down 20%  because they might become Temporarily Nationalized. In the end no one really wants this done, Senate Banking Commitee Chairman and the Obama Administration are trying what they can to avoid this but it might have to [Read More]

While searching through the morning news I have run across many articles stating that the new $75 billion Homeowner Stability Initiative is not going to be enough to rectify the mortgage crisis. It is obvious to me that the new plan will not help every homeowner; it's a mistake to think that i [Read More]

As most of you know the foreclosure market in Hernando county is a hot market with great deals and quick closings. Yet I see many buyers losing home after home because they are not listing to their realtor. A foreclosure home is bargain priced and a prospective buyer offering less that the asking p [Read More]

USDA loans available in Hernando county-buy with zero down payment, build closing costs into loan, or see if seller will help with them, great value, great interest rate...then get up to $8,000 back on the agreement to live in home for 36 months??? Wish I hadn't owned for 3 years so I could tak [Read More]

Purchasing a home is big investment, there is no doubt about it! But it is an investment that can earn money for you in the long run, give tax breaks at the end of the year and give you a type of freedom in your home that you just don't get when your renting! If you've ever thought of purchasing a [Read More]

Daily Mortgage News Let's talk about something good today. Lets talk about Rates! It's the 2nd straight week that rates dropped. They fell a minimum of 12 basis points. This information is recieved through the Primary Mortgage Market Survey. C'mon people let's try too boost the eco [Read More]