Wesley Chapel, Florida
Real Estate News and Information.
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October 2009
Oct. 30, 2009
An influx of new banks cranks up the competition, which should ease credit requirements and increase lending. Read more.... [Read More]
Oct. 29, 2009
But it's not a done deal yet. Current version adds a credit for non-first-time buyers and raises income limits. Read more.... [Read More]
Oct. 27, 2009
A new plan favored by some U.S. senators extends the credit to March 31 then drops it by $2,000 per quarter. Read more.... [Read More]
Oct. 26, 2009
In two Fla. counties, 28% of foreclosures are 'wise financial decisions' to owners who can still afford the property. Read more.... [Read More]
Oct. 23, 2009
Existing sales rose 34%, marking 13 months of increases as all MSAs improve. National home sales surge 9.4%. Read more.... [Read More]
Oct. 22, 2009
The process extends the pain for homeowners, banks and courts; Miami-Dade alone has 135,000 in the pipeline. Read more.... [Read More]
Oct. 21, 2009
NAR Call to Action pushes extension; however, the White House questions costs and the IRS reports widespread fraud. Read more.... [Read More]
Oct. 20, 2009
15% more appraisals are "acceptably close" to Freddie's automated re-check of property values; but others report issues. Read more.... [Read More]
Oct. 19, 2009
The foreclosure program in three Fla. judicial districts helps owners and lenders compromise, and could become a model. Read more.... [Read More]
Oct. 16, 2009
A Senate bill would make it available to more than just first-time homebuyers, which could add $16.7B to the cost. Read more.... [Read More]
Oct. 15, 2009
Mortgage bankers think they see the end: Unemployment will top out at 10% and foreclosures will peak late next year. Read more.... [Read More]
Oct. 14, 2009
National Home Protection must stop selling home service warranty products in Fla. but continue to honor existing contracts. Read more.... [Read More]
Oct. 13, 2009
'Strategic defaults' are rising as homeowners decide it's financially wise to walk away when they have negative equity. Read more.... [Read More]
Oct. 12, 2009
Real estate is leveraged investment: A 10% downpayment produces a 1,000% return if the value merely doubles. Read more.... [Read More]
Oct. 9, 2009
Current limits expire at the end of 2009. In testimony before a House subcommittee, NAR urged members to extend that date. Read more.... [Read More]
Oct. 7, 2009
A new quasi-federal rule forbids some commission cuts in a short sale; separately, an Iowa court opposed last-minute cuts. Read more.... [Read More]
Oct. 6, 2009
A paradox for federal regulators: Cleaning up the financial crisis often rewards firms that helped create the mess. Read more.... [Read More]
Oct. 5, 2009
What makes one neighborhood's home values plummet as a nearby neighborhood's values remain relatively stable? Read more.... [Read More]
Oct. 2, 2009
More than 50% of the homeowners who had mortgage modifications in early 2008 have since missed at least two payments. Read more.... [Read More]
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