Hot Property

Congress Delay on Flood Insurance Holding Up Real Estate Closings.

The National Association of Realtors estimates that for each day Congress delays, 1,400 sales are tied up. In Florida, it’s affecting about 175 deals a day. The flood insurance program expired May 31. Since then, some lenders have been willing to accept binders, or promises, to write flood insurance policies as soon as Congress reauthorizes [...]

Foreclosure rescue scam reports increase

VIENNA, Va. – June 22, 2010 – The Financial Crimes Enforcement Network (FinCEN) released its first analysis of suspicious activity reports containing information about potential foreclosure rescue scams. The report, “Loan Modification and Foreclosure Rescue Scams – Evolving Trends and Patterns in Bank Secrecy Act Reporting,” analyzed more than 3,500 SARs filed from 2004 through [...]

Florida’s existing home, condo sales rise in May

ORLANDO, Fla., June 22, 2010 – Sales of existing homes in Florida rose 18 percent in May, marking 21 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®. A total of 16,745 single-family existing homes sold statewide last month compared to 14,172 homes sold [...]

What’s in your Emergency Preparedness Kit?

Create a Home Emergency Preparedness Kit Article From HouseLogic and Team Sumberg Your Tampa Bay Real Estate Resource By: Wendy Paris Published: August 28, 2009 Having a home emergency preparedness kit could be the key to your family’s safety if disaster strikes. Preparing a home emergency preparedness kit you hope never to use may seem [...]

BP claims: Same system, different oversight

WASHINGTON – June 21, 2010 – Businesses harmed by the Gulf of Mexico oil spill will no longer have their damage claims administered by BP. Instead, decisions will be made by a new federal agency, the Independent Claims Facility. Ken Feinberg, chief of the Independent Claims Facility, promises “quicker payments, faster consideration.” BP used ESIS, [...]

National Association of Realtors Articles and Resources

Florida Builders Buying Up Land At Bargain Prices.

Builders see returning Fla. market ORLANDO, Fla. – June 17, 2010 – Florida, viewed by economists as a hot spot of the country’s housing and mortgage meltdown, is having a pickup in builder interest and activity. Sensing a pending recovery in some of the state’s markets – including Orlando, Jacksonville, and Tampa – builders are [...]

Mortgage Relief for Gulf Coast Homeowners affected by the BP Oil Spew

June 17, 2010 – Homeowners in areas of the Gulf of Mexico affected by the BP oil spill can get mortgage relief from Citigroup Inc. and government sponsored mortgage purchasers Fannie Mae and Freddie Mac. Citigroup says it is suspending loan foreclosures in the region through Sept. 17. Fannie Mae says companies servicing its home [...]

FLASH – Tax Credit Extension NOT PASSED YET

Tax credit extension and flood insurance A USA Today story published in today’s Florida Realtors News inaccurately said that the U.S. Senate passed a bill extending the closing deadline under the homebuyer tax credit for three months. That is incorrect. The Senate did vote to add that extension as an amendment to a larger bill, [...]

This Month In Real Estate – June 2010

This video was embedded using the YouTuber plugin by Roy Tanck. Adobe Flash Player is required to view the video. Video report on what is happening in and what is influencing the Real Estate Market. Complete this form to be added to our Monthly Real Estate Email Newsletter: NewsLetter Your Name(required) Email(valid email required)   cforms [...]