Archive for National real estate news
Strategic Default will get you "locked out" by Fannie Mae
In a strategic move, some homeowners have decided to walk away from their homes even though they could still afford the payments. They simply decide that their value is too low and they either short sale or allow the bank to foreclose. Fannie Mae, making a clear statement, announced Wednesday that they will “lock out” [...]
$75 million for a 13 bedroom UNFINISHED mansion?
Much of the US has seen the effects of the slowed economy, from the job market to the housing market. David Siegel, billionaire and CEO of the time-share firm Westgate Resorts, is no exception. A year ago, Siegel halted construction on his 90,000 square foot mansion when the effects of the economy took their toll [...]
Sandra Bullock’s House for Sale
The housing market has slowed the sale of celebrity homes for sale in Tampa Bay. Will it affect the sale of Sandra Bullock’s home in California? Bullock’s 3,626 square foot home in Sunset Beach features a gorgeous ocean front view and and sports an asking price of $5.5 million. The question is, will it sell [...]
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 [...]
Green home? Not even close!
If you’re going to be named U.N. environmental ambassador maybe you should think about the environment when building your own home. This is what environmentalist are saying about Gisele Bunchen’s new home. They feel the 20,000 sq. ft. home is excessively large and aren’t very thrilled that it features such amenities as an elevator, six [...]
Real estate woes – Scarlett Johansson’s $2 million loss
Here in Tampa Bay, we’ve seen house prices dip considerably but we’re not the only ones with housing woes. Real estate has dipped all across the county and celebrities aren’t excluded. It appears Scarlett Johansson is feeling the pressures of the market as well. Take a look at the home that she’s selling for a [...]
Now’s The Time To Buy… Find Out Why
You’ve been hearing that phrase a lot lately, mostly from REALTORS. Well, your banker, Donald Trump and the President have all said it too. Now NY Times Best Selling author, David Bach, explains why this really is the best time to buy. Smart Homeowners Are Buying Now by David Bach
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 [...]
Nonprofit adds home refinancing initiative
WASHINGTON – March 10, 2009 – HOPE NOW, a nonprofit alliance of mortgage companies, housing counselors and others in the lending business, has added a new tool to its website enabling homeowners to initiate a loan modification or refinance with their lenders by submitting online application. The new online intake form, at www.hopenow.com, asks homeowners [...]
Fannie Mae & Countrywide Tackle Shortsales
Fannie Mae is testing a new way to handle short sales. In this new pilot program Fannie Mae will test a new process by which Fannie Mae pre-approves the list price. Then if a buyer make a full price offer the lender will accept the offer as long as the transaction meets standard requirements. For [...]