National Real Estate Blog

As if housing market in Florida isn't bad enough, it appears that the drywall that was imported from China between 2004 and 2007 to make up for the lack of building materials needed during the housing boom, is contaminated with Strontium sulfide.  Strontium sulfide emits a corrosive gas th [Read More]

Are you aware of the advantages of being a first time home buyer (this includes a buyer who has not owned a home within the past three years)? If you purchase a home this year you can receive up to an $8000. This superceeds the $7500 tax credit that came out last year and was very deceiving, due to [Read More]

One of the hardest hit banks during the economic crisis, Citibank, has announced on Tuesday, March 3, 2009 that it intends on lowering mortgage payments to a $500 per month average for some of its customers. The Homeowner Unemployment Assist program was designed to help customers that are unemploye [Read More]

In September of last year, the government seized control of Fannie Mae and Freddie Mac, two of the largest mortgage finance companies in the country. Together these companies own/guarantee nearly 31 million home loans to the tune of $5.5 trillion. Last week the Obama Administration doubled the life [Read More]

Don't miss the opportunity. Right now between the foreclosure discount, tax credit discount and interest discount, why wouldn't you buy now? Foreclosure homes have been selling for about 75 percent of the price of regular homes. For instance a $180,000 home is selling as a foreclosure at 25 [Read More]

$20 billion of the $75 billion that has been put aside for the Homeowner Stability Initiative, will be contributed by Fannie Mae and Freddie Mac to be used for subsidizing interest rates to lower monthly mortgage payments for the struggling homeowners.  Back in September of 2008, th [Read More]

As part of the $787 billion economic stimulus plan that was revealed Tuesday, February 17, 2009,  Obama has put aside $75 billion in an attempt to protect nearly 9 million Americans from losing their homes.  The particulars of the plan will not be announced until March 4, 2009 and ac [Read More]

We have just been notified that Hernando County does have SHIP funds available for construction homes. Contact your local realtor to find out the restrictions. This is a great time to buy the and SHIP program has great benefits but the funds won't last long.

HOMEBUYER TAX CREDIT? The US Senate will be voting Tuesday, it appears. The stimulus package they will be voting on includes a $15,000 home buyer tax credit (or 10 percent of a home's selling price, whichever is less) This credit would apply to all buyers of a principle residence home. The cu [Read More]

Freddie Mac announced on Friday, January 30, 2009 that they will begin to offer leases to renters that are facing eviction as a result of foreclosure and will also put a halt on evictions through February of 2009. The leases will be on a month to month basis allowing these tenants that have paid th [Read More]