South Tampa Realtor
Guest Post by All State Homes of Tampa, Fl-A New Construction Green Home Builder since 1955 There are some people that bought vacant land because the price was right, and maybe “one day” they might build a new house. Others bought lots as an investment, and are still trying to figure out what exactly […]
5 Reasons it still makes sense to buy a home: By Jeff Diercks, CPA, Tampa Fl President Obama has proposed a cap on the deduction for mortgage interest for high income taxpayers and a rollback of the recently extended Bush tax cuts. According to CNNMoney, “under his proposal, taxpayers in the 33% and 35% tax […]
NEW FHA RENOVATION LOAN GUIDELINES Many home buyers are getting great deals on short sales and foreclosures here in Tampa, however these homes usually require updates and renovations. With these new rehab loans offered by Wells Fargo, you can turn your newly purchased home into the house of your dreams with little or no money […]
New guidelines for FHA financing. The positive news is that anyone who needs a mortgage and has a 600 or less credit score may qualify for FHA financing based on the below criteria. Unfortunately, if you have gone through a short sale process and still have a credit score above 500, you will not qualify […]
Those of you who got interest only loans back in 2005 for a 6 year or 7 year term will need to make an important decision soon. Well, it may not be as easy as you think. 1. REFINANCE? You may say, “I’ll just refinance I have good credit.” Sorry to say that if you have an […]
The 2009 Florida Statutes Chapter 701 ASSIGNMENT AND CANCELLATION OF MORTGAGES 701.02 Assignment not effectual against creditors unless recorded and indicated in title of document; applicability. (1) An assignment of a mortgage upon real property or of any interest therein, is not good or effectual in law or equity, against creditors or subsequent purchasers, for […]
Strategic Default: Walking Away from Mortgages – CBSNews A million Americans who could afford to pay their mortgages on homes `underwater` walked away instead. Morley Safer reports. (CBS) Despite some indications that the economy is recovering, the housing market remains a disaster area. Currently, about seven million homeowners are behind on their mortgages and that […]
Wall Street Journal Report Freddie Mac Eases Rules for Some Florida Condos Freddie Mac said on Wednesday it would relax some rules that have made it harder to get mortgages for condominium units in Florida. The move could make it easier for some owners to sell their units. Last year, Freddie Mac and its larger […]
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS Measure to help bring stability to home values and accelerate sale of vacant properties This is GREAT news for the Tampa Real Estate Market as it will allow more homes to be sold in a shorter period of time. Reducing the amount of […]
Ever hear of a “Motivation Letter?” You may if you are trying to purchase a home in today’s real estate market. Buyers in the Tampa Real Estate market are being put under the microscope by lenders. This is what one of my clients had to supply to get a loan approved days prior to closing. Shocking to say […]
