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Foreclosure Deficiency Judgments

As the foreclosure crisis continues to affect the real estate market, many troubled homeowners, and even some realtors, may not fully understand the severity of a foreclosure. In a foreclosure situation, the mortgage lender is a secured creditor which Read More...
Posted Wednesday, December 21, 2011 1:05 PM by Chaim Gleitmann CIPS | 0 Comments

Local market enjoys sales, price rise in November 2010

November 2010 saw resurgence in the Sarasota real estate market , with more sales and higher median sale prices indicating a healthy seasonal boost. There were 534 total sales reported last month, compared to 487 in October 2010 and 553 in November 2009. Read More...
Posted Tuesday, December 14, 2010 2:04 PM by Chaim Gleitmann CIPS | 0 Comments

Strong rebound in pending home sales

WASHINGTON – Dec. 2, 2010 – Pending home sales jumped 10.4 percent in October, showing another positive uptrend since bottoming in June, according to the National Association of Realtors® . The Pending Home Sales Index (PHSI), a forward-looking Read More...
Posted Friday, December 03, 2010 11:32 AM by Chaim Gleitmann CIPS | 0 Comments

SAR Monthly Statistics Released for October 2010

Pending sales spiked by 10 percent in October 2010 in the Sarasota real estate market , signaling more closings in future months as the season begins in southwest Florida . There were 819 total pending sales reported last month, compared to 744 in September Read More...
Posted Wednesday, November 17, 2010 10:30 AM by Chaim Gleitmann CIPS | 0 Comments

After foreclosure: How long until you can buy again?

Walking away from a mortgage you can still afford to pay has consequences; everyone knows that. Your credit score is shot and it can be impossible to get credit.Some homeowners, no doubt, believe that the credit score hit is worth getting out from a deeply Read More...
Posted Saturday, June 12, 2010 1:42 PM by Chaim Gleitmann CIPS | 0 Comments

Five Key Housing Issues to Watch in 2010

The housing market , which brought the economy to its knees in 2008, struggled to recover in 2009. The modest gains of the past year can be credited in many ways to federal support that will be removed at some point in 2010. That makes for an uncertain Read More...
Posted Sunday, January 03, 2010 8:33 AM by Chaim Gleitmann CIPS | 0 Comments

Figuring Out If You Have Enough of a Down Payment

When it comes to figuring our whether you have enough money to buy a home, the down payment is normally the biggest stumbling block. Some buyers mistakenly think they have to have 20% down and this is true, if you want to avoid the Private Mortgage Insurance Read More...
Posted Tuesday, December 29, 2009 7:56 PM by Chaim Gleitmann CIPS | 0 Comments

Tips For Choosing the Right Mortgage

With so many different and various types of mortgages exist, knowing how to choose the right one can be oftentimes challenging. To be able to understand the various options, we have provided a brief breakdown. Keep in mind that the country has been in Read More...
Posted Tuesday, December 08, 2009 6:59 AM by Chaim Gleitmann CIPS | 0 Comments

FHA Loans To Get Costlier

It’s about to get more expensive to take out—and a bit harder to qualify for—a loan insured by the Federal Housing Administration . Faced with rising losses and falling reserves, the FHA is preparing a series of tweaks to its underwriting Read More...
Posted Wednesday, December 02, 2009 4:40 PM by Chaim Gleitmann CIPS | 1 Comments

Q&A clears the air about homebuyer tax credits

If you’re in the market for a home, the world is your oyster. Interest rates are at record lows. Housing prices in many parts of the country are still depressed. And you may be eligible for a generous tax break, even if the home you buy isn’t Read More...
Posted Wednesday, November 25, 2009 12:58 PM by Chaim Gleitmann CIPS | 0 Comments

Buying a Home in Time to Get Credit

The new law extends the tax credit for first-time home buyers and opens it up to some existing homeowners as well: The credit is now up to $8,000 for first-time buyers and up to $6,500 for repeat buyers. All buyers must have a binding contract on a house Read More...
Posted Sunday, November 15, 2009 11:48 AM by Chaim Gleitmann CIPS | 0 Comments

Top Ten Problems To Avoid When Buying Real Estate

To the great relief of many people, both inside and outside the real estate industry, it seems like the worst part of the sagging real estate market could be behind us. It’s dangerous business attempting to foretell market movements (see below) Read More...
Posted Saturday, November 14, 2009 5:25 PM by Chaim Gleitmann CIPS | 0 Comments

Mortgage Modification Assistance Helping Distressed Home Owners

Changing or amending one or several aspects of a mortgage agreement is called loan modification . Loan modification is normally used by mortgage companies to help mortgage holders but can be used to alter the terms of any loan or debt obligation. Over Read More...
Posted Sunday, November 08, 2009 9:25 AM by Chaim Gleitmann CIPS | 1 Comments

Buyer Tips For Finding the Best Mortgage

Purchasing a home can be overwhelming and confusing especially for first-time home buyers. Here are some tips to help the home buying consumer obtain the best mortgage . To start, the home buyer should obtain information from several lenders. Real estate Read More...
Posted Saturday, November 07, 2009 4:28 PM by Chaim Gleitmann CIPS | 0 Comments

How To Apply For A Reverse Mortgage

How Do I Pay My Reverse Mortgage Back? You will need to pay your reverse mortgage back when the last survivor moves out of the home or passes away, all borrowers permanently move from the home, you stop paying property taxes or home insurance, or the Read More...
Posted Thursday, November 05, 2009 10:52 AM by Chaim Gleitmann CIPS | 0 Comments
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