February 2010 - Posts

NAR offers tools to relieve short sale stress
24 February 10 08:18 AM | Angie Shull | 0 Comments   

WASHINGTON – Feb. 22, 2010 – According to the January Realtors® Confidence Index, buyers continue to be discouraged with short sales, resulting in foreclosures that could have been prevented. “Our members report that short sales Read More...

Read the fine print in a short sale
24 February 10 08:12 AM | Angie Shull | 0 Comments   

TAMPA, Fla. – Feb. 23, 2010 – With so many distressed homeowners owing more than their homes are worth, short sales have become lifelines. These types of sales make up more than half of the homes on the market in the Tampa Bay area. Generally, Read More...

Rates on 30-year mortgages average under 5%
17 February 10 07:08 AM | Angie Shull | 0 Comments   

McLEAN, Va. – Feb. 12, 2010 – Rates on 30-year fixed mortgages fell slightly this week, dipping below 5 percent, the mortgage financier Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage was 4.97 percent this week, down Read More...

4 reasons to sell now
11 February 10 07:07 AM | Angie Shull | 0 Comments   

ORLANDO, Fla. – Feb. 9, 2010 – Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign: • Sell low and buy low. Because all property values are Read More...

FHA relaxes anti-flipping rule
02 February 10 11:49 AM | Angie Shull | 0 Comments   

WASHINGTON – Feb. 2, 2010 – Effective yesterday, the Federal Housing Administration (FHA) started providing mortgage insurance for some home purchases in which the seller bought the property and held it for less than 90 days. The agency changed Read More...

Loan modifications: Streamlined application process to begin June1
02 February 10 07:36 AM | Angie Shull | 0 Comments   

Treasury officials said Thursday that starting June 1, borrowers will be able to submit a streamlined package of documents, including two pay stubs, to qualify for the Obama administration Making Home Affordable loan modifications. If borrowers make their Read More...