South Tampa Realtor
Fannie Mae is rolling out new lending guidelines Tuesday, September 1, 2009. Being approved for a home loan could be much more difficult. The new rules mark the first major underwriting update since April of this year. The changes are mostly geared at fraud prevention. Among the updates: Stock options are no longer eligible for “reserves” Relocating families […]
I just received this and thought I’d share it with you regarding financing FHA approved condos in the Tampa Bay area. Major changes to Condo Approvals As of October 1, 2009 ALL FHA condo approvals will be GONE. We will be starting from scratch with NO approved projects untill Lenders start submitting approval packages to […]
With the amount of short sale and foreclosures on the market in the Tampa Bay area, the 203K loan program may be a great opportunity to purchase a distressed property and renovate it the way you want to. Most of these properties have been abandoned and need work. If you have the vision, and can put a […]
New lender regulations will make it harder to close on your new house which may cause delays and headaches for buyers and sellers. Here’s a great article that explains the details of the new program. From Channelside It’s no secret that many facets of lending and real estate have changed as a result of the credit […]
This is a guest blog post from Tony Marks concerning Non-Warrantable Condos here in the Tampa Bay area. Buyers in our local Real Estate Market are seeing a large number of condos that cannot obtain financing and here’s why. “I took time to check with my lenders, and none of them at the moment offer mortgages for Non-Warrantable Condos […]
I attended the National Association of Realtors conference a couple weeks ago here in Tampa, Fl. Lawrence Yun, the Chief Economic Advisor to the National Association of Realtors was the guest speaker. He had much more to say about the Tampa Real Estate market, however, I’ve been so busy showing properties I haven’t had time […]
Friday the St. Petersburg Times stated that Governor Christ signed a bill to allow for the First Time Homebuyer Credit to be used as down payment and I am getting numerous emails regarding the details so I wanted to take a moment and update everyone. FHA announced today that it will allow the First Time […]
Tony Marks with Marks and Marks Mortgage just informed me of a great benefit for those looking to purchase a home this year! "We all want to enable FHA consumers to access the tax credit funds when they close on their home loans so that the cash can be used as a down payment." United […]
APRIL 9, 2009, 8:15 P.M. ET Obama for Change (In Your Mortgage) By JOHN D. MCKINNON WASHINGTON — WALL STREET JOURNAL ARTICLE President Obama called for millions of Americans to refinance their homes, in his latest turn as salesman-in-chief for the administration’s economic policies. In a White House event aimed at building on recent hopeful […]
Should you buy now? Discounts look favorable in Tampa Housing Market-2009 Here’s a column from today’s St. Petersburg Times: It’s actually the most cut and dry, easy to understand article that I’ve seen. It explains all the ways you can use today’s Tampa Real Estate Market, Low Interest Rates and the National Home Buyer Tax Credit to your […]
