South Tampa Realtor
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 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 […]
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 […]
By now everyone knows how much I love the Towers of Channelside. Ironically, I received a call at 11:30 am Sunday morning to do an interview for 10 Connects News about the announcement on the availability of financing for condos in Channelside. Thanks so much for everyone’s help at the Towers of Channelside for putting this […]
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 […]
“Florida continues to be the worst state in terms of delinquencies with 26 percent of Florida mortgages one payment or more past due as of December 31st. 20.4 percent of Florida mortgages are 90 days or more past due or already in the process of foreclosure. Nevada is the second worst state with 24.7 percent […]
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 […]
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 […]
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 […]
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 […]
