Hot Property

Wall Street Reform Impact On Real Estate

Relatively few of the pages of legislation touch on real estate finance directly. Much of the bill addresses the way hedge funds, banks, and other financial services companies are regulated. One of its centerpieces is the new Financial Stability Oversight Council, which will have the job of issuing alerts when it sees lending practices becoming [...]

Homebuyer Tax Credit extension passed

The Senate passed HR 5623, which extends the mandatory closing date to qualify for the homebuyer tax credit. The contract deadline does not change – homebuyers must have a contract signed by April 30, 2010 (an exception for active duty military) – but the previous closing deadline of June 30, 2010, has been extended to [...]

National Flood Insurance Program – Short Term Extension

National Flood Insurance Program Congress once again reauthorized a short-term extension for the National Flood Insurance Program to Sept. 30, 2010. The bill, HR 5569, makes the program retroactive to May 31, 2010, the date the program went on hiatus. For information on this and Tampa Bay Real Estate, contact Team Sumberg. info@TeamSumberg.com  866.323.3981

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 [...]

Some Lawmakers say NO to Fire Sprinklers in New Homes.

Lawmakers: No sprinklers for new houses TALLAHASSEE, Fla. – March 5, 2010 – A House committee moved Wednesday to block the Florida Building Commission from adopting a provision that would require all newly constructed homes to install fire sprinklers. The proposal (PCB GAP 10-22) was unanimously adopted by the House Governmental Affairs Policy committee, but [...]

Facing the Foreclosure Crisis

    Team Sumberg with Keller Williams Realty would like to announce the following broadcast event to the general public in the Tampa Bay area. Walter Walker, author and Director of Education and Counseling at Housing and Education Alliance, Inc. will be appearing on WEDUs Facing the Forclosure Crisis live on tomorrow night and the show [...]

3 Examples for Homeowner Affordability and stability Plan

Here are 3 examples published by the White House for support under the newly announced Homeowner Affordability and Stability Plan. Click below to view an Acrobat PDF document from the White House. 2009-white-house-fact-sheet-3-housing-examples-0218-1201

Questions and Answers for Borrowers about the Homeowners Affordability and Stability Plan

Click on the link below to view Questions and Answers released by the White House in an Acrobat PDF format. 2009-white-house-homeowner-affordability-and-stability-plan-questions-and-answers-0218-1240 For your Tampa Bay Real Estate questions and answers contact Team Sumberg. info@TeamSumberg.com (866) 323-3981

The current “Housing Crisis” affects every person and community in America.

We all know someone who is currently in danger of foreclosure. Face it, how many Americans are only one or two paychecks away from financial ruin? In our current economic climate, we all need to accept responsibility as global citizens to get informed and educated, so that we can share the knowledge with our neighbors, [...]

Who is responsible for Code Violations while permitting or zoning changes are active?

Responsiorcementbilities have changed in part of the ongoing process of resolving code violations in Hillsborough County.  As you probably know, Team Sumberg members are very active in government with respect to property ownership here in the Tampa Bay area.  As a member of Hillsborough County’s Code Enforcement Board, I am always amazed at the never ending [...]