Monday, March 30, 2009
Yet Another Scam!
The National Association of Realtors issued an advisory Friday about a property rental scam that implies NAR is collecting rental deposits from prospective tenants. "NAR is not involved in this business and has contacted law enforcement officials to request that the matter be investigated," says NAR President Charles McMillan. "We encourage any consumers who may be affected to file a complaint." If you should have any questions, feel free to call or email me and I'll explain further
Saturday, March 28, 2009
A good time to buy
Out of 1,000 potential first-time home buyers, 78 percent say that now is a good time to buy a home, despite widespread concern about the economy. And 68 percent think now is a better time to buy than six months ago. Someone that was renting a home could very well pay less monthly by owning a home providing they are credit worthy. Purchasing a home is still one of the best investment one can make.
Thursday, March 5, 2009
Mortgage fraud alert
More and more people in the Palm Coast/Flagler County area are in trouble with their mortgage rates going up and they are looking for help. The Florida's attorney General Bill McCollum said “Today, homeowners are being bombarded with advertising from companies claiming they can save homes, reduce mortgage payments, and many other offers. Florida homeowners need to be very cautious and should know that Florida law prohibits any company or individual from charging up-front fees for foreclosure rescue or loan modification services.”
If you have questions, contact me either by phone or email and I'll try my best to point you in the right direction.
If you have questions, contact me either by phone or email and I'll try my best to point you in the right direction.
Friday, February 20, 2009
New Homeowner Affordability and Stability
Today, President Barack Obama announced a new U.S. government plan designed to help more Americans who have fallen behind on their mortgage payments or are in imminent danger of missing a payment. Called the Homeowner Affordability and Stability Plan, it includes both a modification program for at-risk borrowers and refinance initiative for Fannie Mae and Freddie Mac borrowers who are current on their mortgage payments.
As stated by Fannie Mae President and CEO Herb Allison in a media statement, "Fannie Mae is committed to working with the Administration, FHFA and our industry partners to rapidly implement the President's Homeowner Affordability and Stability Plan and we will make every possible effort to help eligible borrowers sustain homeownership over the long term."
For More Information
We are still working through the details of program implementation and expect to issue Guide Announcements in the near future.
In the meantime, please refer to the government's new Web site, FinancialStability.gov, which includes an executive summary, fact sheet, case studies, and Q&A.
As stated by Fannie Mae President and CEO Herb Allison in a media statement, "Fannie Mae is committed to working with the Administration, FHFA and our industry partners to rapidly implement the President's Homeowner Affordability and Stability Plan and we will make every possible effort to help eligible borrowers sustain homeownership over the long term."
For More Information
We are still working through the details of program implementation and expect to issue Guide Announcements in the near future.
In the meantime, please refer to the government's new Web site, FinancialStability.gov, which includes an executive summary, fact sheet, case studies, and Q&A.
New Homeowner Affordability and Stability
Today, President Barack Obama announced a new U.S. government plan designed to help more Americans who have fallen behind on their mortgage payments or are in imminent danger of missing a payment. Called the Homeowner Affordability and Stability Plan, it includes both a modification program for at-risk borrowers and refinance initiative for Fannie Mae and Freddie Mac borrowers who are current on their mortgage payments.
As stated by Fannie Mae President and CEO Herb Allison in a media statement, "Fannie Mae is committed to working with the Administration, FHFA and our industry partners to rapidly implement the President's Homeowner Affordability and Stability Plan and we will make every possible effort to help eligible borrowers sustain homeownership over the long term."
For More Information
We are still working through the details of program implementation and expect to issue Guide Announcements in the near future.
In the meantime, please refer to the government's new Web site, FinancialStability.gov, which includes an executive summary, fact sheet, case studies, and Q&A.
As stated by Fannie Mae President and CEO Herb Allison in a media statement, "Fannie Mae is committed to working with the Administration, FHFA and our industry partners to rapidly implement the President's Homeowner Affordability and Stability Plan and we will make every possible effort to help eligible borrowers sustain homeownership over the long term."
For More Information
We are still working through the details of program implementation and expect to issue Guide Announcements in the near future.
In the meantime, please refer to the government's new Web site, FinancialStability.gov, which includes an executive summary, fact sheet, case studies, and Q&A.
Thursday, February 19, 2009
Some stats
The number of out-of-state residents moving to Florida in 2008 was down 30 percent compared to five years ago, according to an AP analysis of driver's license applications.
The number of new residents from New York, Florida's top feeder state, declined 50 percent. I guess it didn't get cold enough for them to make the move.
The number of new residents from New York, Florida's top feeder state, declined 50 percent. I guess it didn't get cold enough for them to make the move.
Tuesday, February 17, 2009
Market Value
Thinking of selling your home? Not sure if you are upside down in today's real estate market? Why not call me if you are in the Palm Coast or Flagler area for a CMA (Comparable Market Analysis) and see what options you have. You might want to hold on to the house and rent it until the real estate market adjusts.
Now on the other hand, if you are looking to buy or invest in real estate, now is the perfect time. The chief economist for the National Association of REALTORS said that this scenario would probably not be duplicated in our lifetime. Meaning the home prices and interest rates are at an all time low.
Now on the other hand, if you are looking to buy or invest in real estate, now is the perfect time. The chief economist for the National Association of REALTORS said that this scenario would probably not be duplicated in our lifetime. Meaning the home prices and interest rates are at an all time low.
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