Posts Tagged Federal Housing Administration

The Short Sale Process Explained

Despite recent upticks in the South Florida housing market, many homeowners who purchased property at the peak of the real estate market find themselves underwater in their mortgage. Although the prognosis for the market is good and we are seeing positive growth, the possibility of housing values returning to levels seen before the housing bubble burst may be a long way off.Despite recent upticks in the South Florida housing market, many homeowners who purchased property at the peak of the real estate market find themselves underwater in their mortgage. Although the prognosis for the market is good and we are seeing positive growth, the possibility of housing values returning to levels seen before the housing bubble burst may be a long way off.

Read more

HARP 2.0 Intends to help more homeowners, but who qualifies?

The original HARP program which was created in 2009 helped less than 30 percent of the homeowners it intended to aid by lowering interest rates on existing mortgages. Why was HARP so unsuccessful? Strict guidelines, including loan-to-value ratio, eliminated much of the pool of potential candidates who otherwise might have benefited from the program.The original HARP program which was created in 2009 helped less than 30 percent of the homeowners it intended to aid by lowering interest rates on existing mortgages. Why was HARP so unsuccessful? Strict guidelines, including loan-to-value ratio, eliminated much of the pool of potential candidates who otherwise might have benefited from the program.

Read more

Foreclosures Continue to Cripple the South Florida Real Estate Market

Talk to any Realtor these days and they will tell you that they cannot get enough listings. Homes are selling faster than they can put them on the market. They are getting multiple offers, over asking price and cash buyers.Talk to any Realtor these days and they will tell you that they cannot get enough listings. Homes are selling faster than they can put them on the market. They are getting multiple offers, over asking price and cash buyers.

Read more

Federal Guidelines Expediting Short Sale Procedures

The Federal Housing Finance Agency has heard the plight of homeowners, buyers and lenders and has now issued new guidance requirements intended to expedite the process for Fannie Mae and Freddie Mac backed loans.The Federal Housing Finance Agency has heard the plight of homeowners, buyers and lenders and has now issued new guidance requirements intended to expedite the process for Fannie Mae and Freddie Mac backed loans.

Read more

Short Sale Closings May Soon Be On a Fast Track

Short sale transactions typically take up to four months to sell or longer and many homeowners cannot afford to wait that long. Some end up in foreclosure status waiting for the transaction to finalize. Rep. Rooney’s proposed legislation intends to speed up this process and eliminate unnecessary delayShort sale transactions typically take up to four months to sell or longer and many homeowners cannot afford to wait that long. Some end up in foreclosure status waiting for the transaction to finalize. Rep. Rooney’s proposed legislation intends to speed up this process and eliminate unnecessary delay

Read more

MAIN OFFICE

6500 Cow Pen Road
Ste. 101 & 102
Miami Lakes, FL 33014

CORAL GABLES CONSULTATION OFFICE

2828 Coral Way
Suite 470
Coral Gables, FL 33145

MIAMI/KENDALL CONSULTATION OFFICE

12600 SW 120th St.
Ste, 106
Miami , FL 33186

BROWARD CONSULTATION OFFICE

2719 Hollywood Blvd.
Hollywood, FL 33020

WEST PALM BEACH CONSULTATION OFFICE

515 North Flagler Drive,
Suite P-300
West Palm Beach, Fl 33401
Translate »