In early 2009, the National Association of REALTORS® (NAR) urged the U.S. Treasury Department, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac to improve the short sales process. NAR’s concerns were first addressed on May 14, 2009, when the Obama Administration announced the outline of a program to provide incentives and uniform procedures [...]
ORLANDO, Fla. – Feb. 22, 2010 – Do you have kids currently in college, or maybe one who is about to graduate high school? Are they interested in a possible real estate-related career? Then find out more about the Florida Association of Realtors® Education Foundation Inc., a new not-for-profit corporation established to provide real estate-related [...]
TALLAHASSEE, Fla. – Feb. 17, 2010 – The Florida Office of Insurance Regulation issued cease and desist orders to three home warranty companies yesterday, including their subsidiaries, for the unauthorized sale of warranty products and service agreements. The companies include National Home Protection, National Home Warranty and National Automotive Services. Office investigators determined National Home [...]
Feb. 17, 2010 – Housing construction posted a better-than-expected increase in January, which pushed activity to the highest level in six months. The solid gain raised hopes that the construction industry is beginning to mount a sustained rebound from its worst slump in decades. The Commerce Department said Wednesday that construction of new homes [...]
“Defaults, foreclosures plummet in January. Analysts discern signs of stability.” So read the headline of my local paper. Signs of Stability? Really? Now what might those be? I saw the Virgin Mary on a piece of toast once so I know we tend to see what we want to see but my tea leaves aren’t [...]
NEW YORK – Feb. 15, 2010 – Real estate investors are coming to the same conclusion that housing activists reached at the beginning of the crisis – forgiving principal on underwater loans may be the best way to deal with the problem. “Principal reduction is the only answer,” says Laurie Goodman, a senior managing director [...]
Cash for caulkers: Appealing to home shoppers? WASHINGTON – Feb. 8, 2010 – Congress is about to approve a program to put contractors back to work doing energy retrofits. If the program nicknamed “Cash for Caulkers” passes, homeowners will be eligible for a tax credit worth up to $12,000 or half the cost of the [...]
Military sellers reimbursed for losses WASHINGTON – Feb. 8, 2010 – Using $555 million in Recovery Act funds, the Department of Defense has expanded a program that can reimburse employees up to 90 percent of the price they paid for a primary residence to avoid a loss when they go to sell. The Department identified [...]
Per a Florida State law passed in 2009 (SB-360) Hillsborough County is considering a MOBILITY FEE. Buried in the law is a requirement for local government to consider having builders and developers pay for the impact to public roads and transportation brought on by development. This sounds reasonable enough in it’s simplest form, doesn’t it? Please understand that since [...]