Posted January 26th, 2009 by Sheila
We have all read or heard about the flood of foreclosures in the housing market, but what happens to those properties after the bank takes possession? If the home doesn’t sell at auction, the bank owns the home and the debt sits on their books. Banks are not in the business of holding on to [...]
Posted January 13th, 2009 by Sheila
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 [...]
Posted December 8th, 2008 by Sheila
I am so tired of only reading negative news that I decided not to renew my newspaper subscription. The media is especially grim when it comes to housing sales. As a Realtor in the Tampa Bay area, I can tell you that housing sales are stabilizing and inventory is going down. Housing sales are up [...]
Posted October 21st, 2008 by Sheila
Technorati Tags: Homeowners Association Fees,housing problem,mortgage default Pretty much everyone who purchased a home from 2000 to 2006 over paid for their homes and now they cannot sell the home for anywhere near what they paid for it. Those who bought in 2006 (like myself) bought at the peak of housing prices and are more [...]
Tags: foreclosure, mortgage default, pre foreclosure
Posted October 8th, 2008 by Sheila
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 [...]