A foreclosure means the owner of a property cannot pay the mortgage and is forced to give up the property to pay back what is owed. Investors and buyers, if you’re looking for real-estate bargains, buying foreclosed property is one of the best ways to get an excellent deal. One of the best ways to find [Continue]

Would be short sale sellers have been left with no choice but foreclosure because of slow response and extensive delays in the short-sale process. But the picture is improving. This week the U.S. Treasury announced that it would be providing incentives for borrowers and mortgage services to pursue short sales and other foreclosure alternatives. [Continue]

Orlando homeowners who were hoping to find help from the Federal Government’s Homeowner Affordability and Stability Plan may be disappointed. As reported in the Wall Street Journal on March 5, the devil is in the details. There will be incentives and subsidies to encourage loan servicing companies to ease the pressure on borrowers by [Continue]

This is not a good time to sell a home in the Orlando area, but what if you need to sell now for a variety of reasons such as a divorce, illness, a necessary move, or job loss? Or maybe you had an adjustable rate mortgage and the increase in your monthly loan payment [Continue]

The news from PMI Mortgage Insurance Co. on January 14 was not encouraging. The company’s report on Winter 2009 Economic and Real Estate Trends indicates a risk of housing prices continuing to decrease nationwide for the next two years. PMI reports that 50 percent of the country’s Metropolitan Statistical Areas (MSAs), such as the [Continue]