I am the basis of all wealth, the heritage of the wise, the thrifty and prudent. I am the poor person’s joy and comfort, the rich person’s prize, the right hand of capital, the silent partner of thousands of successful people. I am solace of the widow, the comfort of old age, the cornerstone of [...]
FEDERAL HOUSING FINANCE AGENCY NEWS RELEASE For Immediate Release Contact: March 24, 2009 U.S. MONTHLY HOUSE PRICE INDEX ESTIMATES 1.7 PERCENT PRICE INCREASE FROM DECEMBER TO JANUARY WASHINGTON, DC – U.S. home prices rose 1.7 percent on a seasonally-adjusted basis from December to January, according to the Federal Housing Finance Agency’s monthly House Price Index. [...]
ORLANDO, Fla. – March 23, 2009 – Florida’s existing home sales rose in February, making it the sixth consecutive month that sales activity showed increases in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). February’s statewide sales also increased over January’s figures in both the existing [...]
If you are considering some of the Government programs available to help you avoid foreclosure, you will need to know who own’s your mortgage. Here is a link from Freddie Mac where you can find out if they do. https://ww3.freddiemac.com/corporate/ Contact Team Sumberg for Tampa Bay Real Estate. info@TeamSumberg.com
Military families are often required to relocate to a new assignment. As housing prices have fallen, many military families have been forced to either sell at a tremendous loss, attempt to rent their home, split up their family, or face foreclosure. The recent American Recovery and Reinvestment Act (ARRA) included a provision to help these [...]
Servicemembers Civil Relief Act We had someone mention that their customer was facing certain foreclosure and that they were active military. I suggested they look into SCRA. As a sitting member of Hillsborough County Code Enforcement Board, I have encountered this more than once while hearing cases with liens against the property. Usually the party [...]
Statement of Patrick J. Lawler, Chief Economist Federal Housing Finance Agency Before the House Financial Services Committee Subcommittee on Housing and Community Opportunity “Examining the Making Home Affordable Plan” March 19, 2009 Statement of Patrick J. Lawler, Chief Economist Federal Housing Finance Agency House Financial Services Committee, Subcommittee on Housing and Community Opportunity March [...]
Feb. 12, 2009 – A list of the top 10 steps homeowners can take to negotiate an affordable loan modification. The following steps apply to homeowners working directly with a lender, as well as to those teaming up with an attorney or alternative third-party representative. 1. Come clean. It can be tempting to bend the truth [...]
The upside of Florida real estate: 15 market positives Let’s take a look at some of the opportunities for today and the future of Florida’s real estate market. 1. Great prices. Statewide, the existing-home median sales price was $161,200 in the fourth quarter of 2008; a year earlier, it was $216,600 for a decrease of [...]
ADVICE FROM THE FEDS: Scam artists are proliferating, attempting to make money from troubled borrowers interested in taking advantage of President Barack Obama’s foreclosure-prevention plan. The firms charge fees for what they tell borrowers will be quick and effective negotiations with banks. In most cases, the firms take the homeowners’ money – often more than [...]