Archive for buying short sale homes
Importance of Title Insurance
If you’ve ever bought a home, you’ve probably noticed a fee on the HUD for title insurance. Most people don’t have a clue what it is or why your lender requires it. Title insurance protects the buyer and their lender against loss arising from problems connected to the title. As a home is bought and [...]
Negotiating? Don’t post it on social media.
I just read an interesting article about a couple who cost themselves quite a bit of money for posting too much information. Who would have ever thought a social media site could cost you while you’re negotiating on a house?
The Ultimate Runaround With Chase Bank!
Short sale properties have become all too prevalent in the Tampa Bay market. Their purpose is to preserve some of the seller’s credit and save the lenders thousands of dollars in attorney’s fees. This sounds like a worthwhile plan for both sides but apparently the lenders don’t see it that way. They seem to enjoy [...]
Investors Are Back! Why Is That A Good Thing?
If you ask most people, they’ll tell you that investors drove prices up and caused the housing boom. Well, that’s sort of correct. At the beginning of the housing boom investors were purchasing properties and making wise business decisions, and then the “get rich quick” amateurs came in. These are the people who saw the [...]
Appraisal Relief
Finally, it looks like we may a have little help with some of the horrible appraisal issues. For the last few years lenders have been undervaluing properties. They would not only order an on-site appraisal but many times they would also do a “desktop appraisal” which is slightly better than checking Zillow. Upon receiving the [...]
14,830 Reasons The Home Buyer Tax Credit Should Be Extended!
If you’re looking to cash in on the home buyer tax credit, today is your last day to close. There have been talks of an extension for a while but it can’t seem to get the support from our lawmakers. Currently, there are an estimated 14,830 home sales in Florida which will be delayed past [...]
It’s a Short Sale Not a Rubish Sale!
It seems that there’s a little confusion about and the purpose of a short sale and the owner’s responsibility. The advantage to doing a short sale is that the impact on your credit is typically far less with a short sale than with a foreclosure. Therefore, it’s to a homeowner’s advantage to help their Realtor [...]
New Guidelines for Short Sales
As of April 5th, lenders have new guidelines for the short sale process. These new guidelines have been put in place in an attempt to speed up the process which can take an average of 4-6 months. Along with speeding the process, the new guidelines also offer monetary incentives to both the banks and the [...]
Where are the deals?
Where have all the great real estate deals gone? If you’ve listened to the news you would think the sky has fallen and everything is a blue light special. There are still deals to be had but you’ll have to look a little harder and act quickly. Depending upon where you are you’ll likely find [...]
Now is the time… Time Magazine & Trump agree!
Time magazine recently posted an article, “Recession Shopping: 10 Things To Buy Right Now” and included along with cars and stocks is housing! During recent interview with Goodmorning America, Donald Trump was asked about the housing market. Trump’s advice today is, “This is a great time to go out and buy a home”. Do you [...]