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Some experts predict that down the road lenders will exercise greater leniency when it comes to borrows who defaulted on their mortgage. The most important factor for lenders will be in determining whether or not the borrower can meet his or her financial obligation the second time around. Avoiding a foreclosure is still the preferred course of ...
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Billionaire investor Warren Buffett predicted that the real estate market downturn will end by 2011 as the housing inventory declines."Within a year or so, residential housing problems should largely be behind us," Buffett wrote in his annual letter to the shareholders of Berkshire Hathaway, where he is chairman and CEO. "Prices ...
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I'm sure by now everyone has heard the term 'short sale" and that it means the owner owes more on the house than the house is worth. However, there is a lot more to this "short sale" phenomenon? Did you know that a home listed for sale as a "short sale" doesn't necessarily mean that the bank has approved ...
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Great news! Mortgage rates decreased slightly to 4.98% this past week which was down from 4.99% for the previous week. Even thought rates have climbed since their historic lows back in early December, they are still lower than they were a year ago. The combination of low interest rates and bargain home prices continue to make this a wonderful time ...
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Home sales in Florida rose 33% last month compared to the month prior while condo sales experienced a 91% increase in sales when compared to the previous year. In addition, the number of homes for sale in Central Florida decreased so if you are considering selling your home this means less competition!
- Jeff