Sheila's Tampa Real Estate News Blog
More and more Europeans are purchasing second homes in beautiful, sunny Florida. The National Association of Realtors (NAR) reported an increase in home sales to foreign buyers in 2008. They recognize that there are a lot of great deals and the U.S. dollar is weak. As a Realtor in Tampa, FL, I can attest to [...]
In last nights presidential debate, McCain stated that if he wins the presidency, he would propose a $300 billion bad mortgage bail out. Under his plan, the federal government would use the allotted $300 billion to purchase bad mortgages and would rework the mortgages with the homeowner with a fixed interest rate based on today’s [...]
If you can no longer afford to make your mortgage payments because of a hardship, you need to pick up the phone and call your lender. Congress approved a mortgage aid plan on October 1st that may help you stay in your home. This program is more aimed at lenders and it is up to [...]
Tags: foreclosure, mortgage payments behind, pre foreclosure, short sale, Tampa Real Estate
The government just can’t rescue everyone, which is evidenced in Lehman Brothers Holdings bankruptcy filing. Lehman is the fourth largest U.S. investment bank filed for bankruptcy Monday. This is the largest ever bankruptcy filed since Lehman held $600 billion in assets. The government has already had to bail out Freddie Mac and Fannie Mae as [...]
Tags: home loans, homebuyers, mortgage, Tampa Bay area real estate
The TRIM notices have been delivered in the Tampa Bay area and some homeowners are not happy. The promise of a tax cut deflated by higher assessed values of their homes. The increased assessments pretty much wiped out the promises by Amendment 1. Homeowner’s state they do not understand how their home’s assessed value can [...]
Tags: amendment 1, appraised value, foreclosure, homeowners, market prices of homes, Save Our Homes Amendment, Tampa Real Estate
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