In Sarasota, Florida for the month of February 2011, the real estate sales for Single Family Homes and Condominiums increased by 24.2% in February 2011 compared to January 2011. The number of available properties for sale in the Sarasota real estate market has dropped to a six-year low in February 2011. Compared to total sales of [...]
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We are often asked by Buyers, if the property that they are considering is at the lowest price to purchase based upon the Market Conditions. So much of what is read in the media today, states that the market in Florida is continuing to decline. In the Sarasota Market we are experiencing a rapid recovery. [...]
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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 [...]
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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.
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 [...]
Continue reading about Bank Of America (Countrywide) Settles Lawsuit Over Bad Mortgages
