Business is booming in Greater Fort Myers in Lee County, near the southern end of Florida’s west coast, where realtor Suzanne Sherer is working seven days a week. Sherer says sales at her six-person firm are back at 2005 levels. “We’re seeing bidding wars on entry-level homes,” says Sherer. “Within three days of listing, we have [Continue]
A short sale can be the best option for the homeowner facing foreclosure , in today’s market homeowners need to be proactive instead of reactive. Orlando, FL July 22, 2009 – Short Sale vs. Foreclosure: A short sale is a better option than: Deed in lieu of Foreclosure, Bankruptcy, or Foreclosure, There are many, many reasons [Continue]
PHOENIX — Each time Lance and Kelli Thorson thought they had found their first home, someone would outbid them. It’s already happened at least 15 times. This wasn’t how it was supposed to be in a depressed housing market like Phoenix. Buyers are supposed to be able to walk in, and get pretty much whatever they [Continue]
As the eye of the storm approaches a lot of people think that we’ve seen the worst of the housing crisis. Green signs of a recovery are false hope of an immediate turn around in the housing market. For the past few months there has been a semi-moratorium on foreclosures. Most institutions with delinquent mortgages [Continue]
Orlando’s real estate homes sales are beginning their climb the median sales price continues to move downward. This results in Orlando home owners being trapped in homes they can’t sell. But in Orlando short sales are saving the day for distressed homeowners, as they are in other parts of the country. For people upside down [Continue]
Lenders show sudden willingness to modify loans and avoid expensive legal action on the growing number of mortgage-default cases. Half of the foreclosures headed for court hearings in Orange County during March and April were canceled. Thousands of local homeowners in default on their mortgages now appear to be hanging on to their homes, according [Continue]
Bank of America has announced it is loosening its policies on short sales in response to the U.S. Treasury Department’s announcement last week that it would increase incentives for lenders to work out short sale deals. This is excellent news for many home owners in need of assistance from one of the largest mortgage lenders. [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]
March activity showed a record level of foreclosures hitting the market. Third quarter filings are at 46percent higher than the same period last year. This surge has a known cause though. Lenders have lifted the temporary moratoriums and resumed legal actions against delinquent mortgage holders. Default notices, auction sale notices and bank [Continue]
A report by journalist John Couwels for CNN says Disney World has announced a major loss of income and is planning to layoff employees, maybe as early as this week. Even the Magic Kingdom can’t avoid the reality of the country’s economic slump and this year could be even worse. Officials expect tourism to [Continue]
