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The sales of existing homes rose during the month of December by 4% in an annual comparison, according data released by Florida Realtors. 15,550 single family homes sold across the state compared to the 14,923 homes that sold in December of 2009.The median sales price dropped a bit during the month, [Read More]

Lenders modified 1.76 million permanent loans for homeowners in 2010 thanks to lender in-house policies as well as the federal government's Home Affordable Modification Program (HAMP).It still remains unclear how many of the in-house modifications received are still current, however 1 out of every 5 [Read More]

Although home prices are low and mortgage rates are low, the price of actually getting a mortgage is rising! Mortgage giant, Freddie Mac and sister company, Fannie Mae are raising the risk fees that they charge lenders on loans that they buy for resale to investors, for the first time in two years. [Read More]

As unemployment rises, so does the number of foreclosures across the nation. U.S metropolitan areas that were once "relatively insualated" from foreclosures such as Chicago, Houston and Seattle, are now witnessed a growing number of foreclosures hitting the market.In a total count, the foreclosure a [Read More]

Mortgage rates on a 30-year fixed rate mortgage jumped again for the second consecutive week, according to mortgage giant, Freddie Mac.Rising to 4.80% from 4.74% the week before, the rates are expected to continue the upward trend. Although, even with the remarkable low mortgage rates, sales fell 4. [Read More]

According to the National Association of Realtors (NAR) Pending Home Sales Index (PHSI), pending home sales jumped a little bit higher during the month of December by 2% in a monthly comparison.The Pending Home Sales Index reflects only contracts NOT closings, making the index and indication of what [Read More]

Existing home sales (completed transactions) jumped across the nation in December in an annual comparison, according to the National Association of Realtors (NAR). The 12.3% rise marked the 5th time in the last 6 months that sales have increased.December was a good finish to 2010, when sales fluctua [Read More]

Citizens Property Insurance Corp., a Florida State backed insurer, has started issuing notices to policy holders that their coverage will be dropped due to tainted Chinese Drywall, according to David Durkee, Attorney.Across the nation homeowners that bought homes that are built with the defective dr [Read More]

An individual has not started living until he can rise above the narrow confines of his individualistic concerns to the broader concerns of all humanity.Martin Luther King, Jr.

Are Short Sales a Viable Option for Sellers? For many sellers this is a viable option; however be assured that you must prove that you have a hardship. The following criteria are just some of the hardships that the lien holder may grant a short sale status on, but there are many factors: Death of [Read More]