Friday, January 29, 2010

Walk Away or Short Sale

Banks pursuing payback from walkaways
Increasingly aggressive mortgage lenders seek money from former owners who had a short sale or walked away. Read more.

Short sales are no easy deal. Be sure you know what the terms are when you sell, many times there be not be many options. But so you know, many Banks are not looking too favorably on Short sales that are more walk aways than real hardship issues.

Friday, January 22, 2010

FHA incentive to buy Now!

If you were planning to go the FHA loan route when buying your house, you might want to move quickly...

The Federal Housing Administration is strenthening thier reserves... but what this means for the average homeowner is tighter criteria & higher PMI rates...
  • MIP, mortgage insurance premium will increase.
  • Higher Credit score required
  • Seller concessions lowered from 6% to 3%
Just another reason for buyers to make their move NOW!
Here are some more details on it... or contact one of our preferred lenders now to get prequalified... For all other real estate questions for the Lake City area, feel free to call or email.

Wednesday, January 13, 2010

Best Month to Sell your House

Do you want to sell a home in 2010? You may want to think January instead of June.. With the new tax credit expiring in April, you will probably see more early year home buyers vs the May-June market.

Saturday, January 09, 2010

New Listing! 944 acre regional development potential.

One of a kind property at the intersection of Interstate 10 and Interstate 75, here in Lake City, this 944 acre is prime long term development potential. With the expansion of the port in Jacksonville and distribution and overall development potential of north central Florida, this property is worth a serious look.

All the details are at a new site launched called Welcome to the new HUB of distribution & industrial growth in Florida.

Homebuyer and Home Buyers Tax Credit $8,000.


2010 is here!  As you may know the tax credit is back again with $8,000 for first time Home Buyers, and now also qualified REPEAT BUYERS can receive a credit of up to $6,500 for homes purchased between November 7, 2009 and April 30, 2010.

There are a few items that you need to make sure you qualify for, so I have attached some useful documents for you to print out & read, but this is very much real money. And its a tax credit not tax deduction. If you file your taxes individually, and you make over $125,000 per year the tax credit phases out. Anything less and you get the full credit.  Over $225,000 for married couples filing jointly it begins to phase out.


Friday, January 08, 2010

US now renters' market.

U.S. now a renters' market

Reis Inc. says the apartment vacancy rate ended 2009 at 8%, and rents dipped 3%, led by cities that once had brisk growth. Read more. Click the title link.

Great Rates Today! Check this out from preferred lender