Sheila's Tampa Real Estate News Blog
If you are looking to sell your home, are you at a loss for where to begin? Maybe you have tried the For Sale By Owner thing and put a sign in your front yard and posted your listing on free websites such as Craigslist, but you just can’t seem to get the showings you [...]
Tags: homeowners, short sale, Tampa Bay area real estate
As of today, we have seen the 30-year fixed mortgage rate average in at around 4.3%. The big question is how long will this last? According to the National Association of Realtors Chief Economist, Lawrence Yun, there are two reasons interest rates are low. One is low inflation and the other are the Federal Reserve’s [...]
Tags: first time home buyer, hillsborough county, home buyers, interest rates, mortgage rates
The U.S. Treasury Department rolled out the Home Alternative Foreclosure Alternative (HAFA) in April 2010. This program is an add-on to the existing Home Alternative Modification Program (HAMP) that is supposed to guarantee a faster short sale approval and closing while guaranteeing the homeowner that they will not come after them for a deficiency or [...]
Tags: borrowers, buyers, foreclosure, HAFA, HAMP, sellers, short sale
If you are one of the many homeowners struggling to make your mortgage payments and considering trying for a loan modification, don’t get your hopes up. To date, only approximately 31,000 homeowners have actually successfully completed a loan modification. That is only 4% of the actual amount of people who have done the paperwork and [...]
The current way lenders handle short sales is very inefficient and frustrating for everyone involved in the process. It is very obvious to me, as a Realtor, that something needs to change. The short sale negotiation process currently takes anywhere from 90 to 180 plus days, during which time the house sits vacant and deteriorating. [...]
Tags: borrowers, buyers, foreclosure, sellers, short sale
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