On Wednesday, February 18th, President Obama announced his 75-billion-dollar foreclosure relief plan during a visit to Mesa, Arizona. Major components of the plan include allowing Fannie Mae and Freddie Mac to provide refinancing at more than 80% loan-to-value and at reduced interest rates, offer incentives to lenders so they will work with [Continue]

A recent Money Magazine article written by Joe Light touted the advantages of a short sale in today's market. When a buyer is looking for a bargain in Central Florida, a short sale can be the answer. [Continue]

Good news for Orlando area homeowners forced to sell their homes during this economic recession: The Federal National Mortgage Association, known as Fannie Mae, is trying a new pilot program to speed up the short-sale process. Orlando’s bargain housing market has passed Miami, Fort Lauderdale and Jacksonville in the number of homes sold in [Continue]

With foreclosures occurring in nearly every Orlando neighborhood, a mob of unscrupulous vultures has swooped in to prey on desperate homeowners. Here are a few things to watch for to protect yourself from their scams: If you’re contacted out of the blue by someone claiming to be with your lender and offering to assist you with [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]