Buy Through Us... We'll Sell Your Home For
FREE!
Experts
still bullish on Metro Orlando's economy
Jerry W. Jackson | Sentinel Staff
Writer
August 29,
2007
The current sales
slowdown in residential and commercial real estate is temporary and
not a sign of long-term economic weakness in Central Florida,
according to a trio of local experts.
Key girders of strength -- including employment, population growth
and competitive demand for properties from overseas investors --
remain in place, said Bill Owen, president of Real Estate Research
Consultants Inc
Read the full article
here
103,000 sign up for free home
inspections
The Associated
Press
August 31,
2007
More than 103,000 Florida
homeowners have signed up for free home inspections to learn about
possible wind-resistance upgrades.
The state program, called My Safe Florida Home, allows owners of
single-family homes to identify ways to strengthen their homes to
better withstand hurricanes.
So far, the state has performed nearly 87,000 inspections, most
this summer.
Read the full article here
44-page
report details transformation plan for Maitland's
downtown
Christopher Sherman | Sentinel Staff Writer
August 29, 2007
The Maitland City Council tonight
will take its first hard look at the contract that could transform
its downtown. The 44-page
document full of legalese will tie city and developer into a
complex partnership of land swaps and incentives. The goal is a downtown of shops, offices,
condos and public spaces that would give this bedroom suburb a
heart.
Read the full article here
FHA to step in, finance at-risk
loans
USA TODAY, a
division of Gannett Co. Inc., Noelle Knox. Contributing writer,
Alan Gomez.
WASHINGTON DC Aug. 31, 2007 Some homeowners with
risky subprime adjustable-rate mortgages will be able to refinance
before they lose their home to foreclosure, with the help of steps
President Bush will announce today, senior administration officials
said Thursday night.
An estimated 80,000 homeowners with bruised credit and subprime
ARMs they can no longer afford will be able to refinance loans,
which the Federal Housing Administration (FHA) would insure.
The move marks a historic expansion of the role of the FHA, a
Depression-era agency that has traditionally served low- and
moderate-income families and first-time buyers, but not delinquent
borrowers. Nearly 16 percent of subprime borrowers are behind on
their ARMs, and an estimated 2 million subprime ARMs totaling about
$600 billion will reset to higher rates through the end of next
year.
To qualify for the new benefit, homeowners would have to prove they
paid their loan on time before it reset to a higher rate and must
have at least 3 percent equity in the home.
Read
the full article
here
|
RSS Blog Feed