The Making Homes Affordable Program (MHA) has a recent update, announced April 28, 2009 by the White House. The program offers addressing the Second Lien Program and Support for Homeowners. The Second Lien Program will reach 1 to 1.5 Million Homeowners to reduce loan interest, pay for success incentives and a payment schedule for extinquishing [...]
There are some really Great Deals for single family homes and condos in Sarasota County Florida. Yesterday, we put an offer in on a Beautiful Single Family Home of 1,800 square feet with 3 Bedrooms, 2 Bathrooms, a Lanai and 2 Car Garage built 3 years ago that sold three years ago for $300,000. There [...]
March 2009 Real Estate sales of residential and condo properties jumped to new levels offering the best report since 2006. Residential sales increased 80% in year to date sales and total listings dropping 2%. Condo sales increased 88% in year to date sales and total listings dropping 12%. With interest rates at record lows, great [...]
In February, pending sales of homes and condos in Sarasota, FL rose to the highest level in three years, reaching 782. Clearly, single family homes led the way with 611 and condos reaching 171. This is a 19% increase over January.
As reported last week, two government agencies are proposing plans to attempt to drive the mortgage rates as low as 4.5%. Both the U.S. Treasury and the Federal Reserve have proposed similar plans to help the housing crisis. The idea is that the increased demand for mortgage backed securities would lower the mortgage rates.
A recent article from the National Mesothelioma Center reports about the dangers of asbestos. Asbestos is a mineral with long fibrous crystals which has been used for more than a century as a form of building insulation and piping. Asbestos became popular in the late 19th century due to being resistant to heat and other [...]
On December 1st, 2008, Biggar International Group, LLC affiliated with Keller Williams is moving their offices from 6272 Lake Osprey Drive Lakewood Ranch, FL to the John Cannon Office building in Lakewood Ranch, FL. This larger office is new and will provide more than twice as much space as the current office with much better [...]
Helen and I attended a seminar at the Sarasota Association of Realtors on Friday, October 10th where Vern Buchanan, Florida Representative to the U.S. House of Representatives, spoke. Vern told us about his frustration with the recent $700 Billion Bailout Bill. He received the first bill, some 300 pages on the Sunday night before the vote [...]
The Florida Association of Realtors today reported that the Bank of America has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the Illinois Attorney General’s office said on the 7th of October. Borrowers stuck with mortgages that they can’t afford could see interest rates reduced or have [...]
After the U.S. Senate (74 to 25) and U.S. House of Representatives (263 to 171) passed the Emergency Economic Stabilization Act of 2008, President Bush signed the Act into law on October 3rd, 2008. In the end 33 Democrats and 24 Republicans changed their vote to pass the legislation in the U.S. House. Now from NAR (National Association [...]