Will new U.S. Treasury guidlines lift dark cloud over short sales and help spur our current housing market?
Posts Tagged as ‘Foreclosure’
August 1, 2009
First-Time Homebuyer Program
Did you know that the city of Miami offers a program to aid first time home buyers purchase the home of their choice? With prices at a low not seen in years here in Miami; now is the time to act for qualified first time home buyers. The City’s First Time Homebuyer program provides zero [...]
June 21, 2009
What is the Difference between a Short Sale and a Foreclosure, and how will it affect me?
This is an all to common question being asked today. To keep things as simple and short as possible, I am not going to go into the details of these transactions; rather I am only going to give you my way of explaining these terms when someone asks me this very question. A short sale [...]
June 10, 2009
How Did We Get Here…
2001-2005; United States housing bubble 2001: US Federal Reserve lowers Federal funds rate 11 times, from 6.5% to 1/75% 2002-2003: Mortgage denial rate of 14% for conventional home purchase loans is half of 1997 – as quoted from the Federal financial Institutions Examination Council or FFIEC 2002: Annual home price appreciation of 10% or more [...]
June 6, 2009
Low end moves fastest in sales pickup
Sales activity increased as the inventory of homes and condos in South Florida dropped in April, thanks mostly to steep discounts on bank owned properties.
