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Nick and Cindy Davis

Wesley Chapel, Florida

Real Estate News and Information.

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Recent Comments

RE: Sellers Beware of Short Sale Scams
I couldn't agree with you guys more!  Thats w...
RE: Lawmakers seek to extend $8K tax credit
The New Hampshire estate market has been impacted...
RE: White House may extend homebuyer tax credit
I am hopeful this will become a viable considerati...
Hello from Utah!
And a welcome change it is! Huge sigh from Utah. W...
RE: Trying to sell? Clean up any neighborhood eyesores
Well said yaar; What you have mentioned is...

Nick and Cindy Davis

October 2009

Newcomers to give Florida banks a run for the money

Oct. 30, 2009
An influx of new banks cranks up the competition, which should ease credit requirements and increase lending. Read more.... [Read More]

Senate panel OKs extension for home buyers’ credit

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]

Senators differ on extending homebuyer tax credit

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]

Florida homeowners walking away from underwater mortgages

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]

Florida’s existing home, condo sales up in September 2009

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]

Massive amounts of foreclosures clogging county’s civil courts

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]

IRS investigates home tax credit claims

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]

Freddie Mac: Home Valuation Code has improved appraisal quality

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]

Mandatory mediation has a high success rate

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]

Lawmakers seek to extend $8K tax credit

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]

Banker: Foreclosures, unemployment to peak in 2010

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]

Fla. shuts down home warranty service

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]

Leaving home loans behind

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]

Home sweet home investment? Sure – in the long run

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]

NAR: Making FHA loan limits permanent crucial to housing recovery

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]

Court rules against lender’s attempt to cut short sale commission

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]

Firms are getting billions, yet aren’t averting foreclosures

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]

Age and makeup of your neighborhood can determine home value loss

Oct. 5, 2009
What makes one neighborhood's home values plummet as a nearby neighborhood's values remain relatively stable? Read more.... [Read More]

Homeowners in financial trouble often re-default

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]