Foreclosure can be a devastating situation for homeowners as well as the surrounding neighborhood. Despite an improving economy in the Orlando, Florida area, it is important that distressed homeowners are fully aware of all the alternatives to foreclosure that are available to them. As a [...]
Things To Do Before You Buy A Home In Orlando
Do your homework before you buy a home. Buying a home will be one of the most important decisions that you will make in your lifetime. Most home buyers get a bit overwhelmed when they realize that that they are about to be on the hook for an [...]
Know How Much Of A Mortgage You Can Afford
Are you unsure about how much mortgage you can afford to pay on a home? If so, then you're not ready to take the next step until you figure out a few things.
By being sure about how much of a payment you can handle without struggling, you can be [...]
How Will A Short Sale affect Your Credit?
I've gotten this question more time than I can remember. "How will a short sale will affect my credit?"
A short sale can have a lot less of an effect on your credit score than a foreclosure. But, it must be done correctly.
I believe that Fannie Mae, Freddie Mac as well as most all other lending institutions finally acknowledge the importance of the realtor's role in the short sale process.
It seems like yesterday [back in 2004] when we started doing short sales. Orlando realtors like myself that specialized in [...]
Orlando Mortgage Brokers Spill Their Guts
Recently, top mortgage brokers in Central Florida were asked what their biggest challenges were in their industry. A few of them had this to say...
Some claim that the mortgage market still has ways to go before it fully recovers and that home sales [...]
Stop Foreclosure Before It Starts
Are you behind on your mortgage and worried that the lender might go after your other assets if your home gets foreclosed on?
Unfortunately, it can happen if you live in Florida. This scenario can occur in an instance where if the bank is unable to recoup the [...]
Real Estate Is Not An Exact Science...Not Even Close!
The truth is that there are many variables involved and I'm not just talking about physical variables like granite counter tops and travertine floors. I'm talking about other aspects like the motivations and the desires of both sellers and [...]
Most people are under the assumption that a loan has to be in delinquent status in order to be transferred. The truth is that any loan can be transferred at any time the bank wishes. Remember the fine print that you speed read through at the closing? Somewhere in that fine print it states that [...]
The Orlando real estate industry has been reveling the home-buying season 2014. April 2014 marked a month of consecutive reduction in the rates of fixed mortgages. Rates of interest on the standard 30-year home loans dropped to their lowest level in the second week of April. The rates, the lowest [...]