Effective February 1, 2010, investors no longer need to hold the property for ninety days in order to sell to an FHA buyer. However, the investor cannot sell for more than 20% of his/her acquisition price. For example, he/she purchased the property for $100,000; the investor cannot sell for more th [Read More]

People always ask me certain things. 1) How do I find/can I get a good deal in a foreclosure? 2) This house (that is a short sale) is such a good deal. Why and how low of an offer can I make? 3) What's the differences between a foreclosure and a short sale? Let's take them one at a time. 1) [Read More]

A Florida Housing Help workshop will be held on January 23, 2010 from 10:00 a.m. until 2:00 p.m. at the University Area Community Development Center in Tampa, Hillsborough County, Florida. Hosted by the Florida Department of Financial Services, this workshop is designed to enable homeowners facing [Read More]

Short sales are when the home owner owes more than what their home is worth in todays market. As many of you have heard, it has taken weeks and even months to get a responce from the banks on an offer. Now, the good news is, the US Treasury is calling for lenders to respond to short sale offers wit [Read More]

Three years ago when South Florida hosted the Super Bowl, setting yourself up in a hotel room for the night cost nearly $500!   In 2010 the Super Bowl, as well as the Pro Bowl will be hosted in Miami once again. The NFL Pro Bowl will be held on January 31, 2010 at the Land Shark Stadium i [Read More]

According to our news reports, November new home sales rose about 2.3 Percent in November and resales also have risen. This is the third straight month of gains in the housing economy. As we know, new home sales boost other things - like jobs!! Of course most people are doing it now while they can [Read More]

An ordinance was passed by Tampa,Hillsborough County, City Council last week that requires lenders to register all properties within the city once foreclosure proceedings have started.  By registering these properties, the lenders become responsible for the maintenance and security that these [Read More]

During the housing boom building supplies were in short supply. As a result, China made gypsum board was imported and used in the drywall process.  The drywall is making people sick. The smell of sulfur is overwhelming!  The wiring and the pipes in the home are corroded. It has even been [Read More]

Freddie and Fannie are in trouble and no it’s not anyone’s favorite soap opera, although that might be closer to the truth than everyone involved would like to admit but let’s get to the heart of the matter. What are Freddie Mac and Fannie Mae? Well, the Federal National Mortgage [Read More]

The extension passed the Senate and the House pass it today - it is now waiting for the President to sign it. Buyers don't miss out on this opportunity!! I will keep you posted once it is signed and I have all the details! Have a great day and enjoy!