Sheila's Tampa Real Estate News Blog
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
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
The government’s big plan of bailing out Wall Street of all of their bad investments may help to stabilize the declining housing market. Of course this is just a theory at this point. The thought process is if the government can buy troubled mortgage debt from banks, more money would be available for borrowers. Combined [...]
Tags: buyers, foreclosure, mortgage, sellers, Tampa Real Estate
What does the Fannie Mae and Freddie Mac bailout meant to home buyers and sellers? The bailout could mean lower interest rates, which will hopefully encourage buyers. The expectation for a 30-year fixed conventional loan rate to fall over the next few weeks as much as a half percent. Unfortunately, the declining housing market will [...]
Tags: buyers, Fannie Mae, foreclosure, Freddie Mac, government bailout, homeowners, mortgage, sellers
Okay, I am a Realtor so of course I am going to tell you YES!!! I am going to tell why…………You are essentially making the biggest Sale or Purchase of your life and you want to go at it alone? Don’t you normally seek the advice of a professional when you a question about the [...]
Tags: buyers, finding the right realtor, homes, Realtor, sellers, Tampa Real Estate, Tampa Realtor
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