With all the problems that we read about obtaining financing for real estate these days, it has raised some discussion about just paying cash for real estate. Tallahassee has never been a town filled with people with a lot of excess cash, so I really don’t see a new trend towards cash buyers starting any [...]
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There is a real danger lurking around homeowners all over the country, and this malicious entity often leads to mortgage foreclosure and deficiency judgments. Is it a new bank? A new government program hiding behind the facade of a homeowner assistance program? Perhaps even a loan modification organization that caters to homeowners in distress … [...]
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Are you somebody who has decent credit but very little cash, and you want to buy a home in Tallahassee? In the old days, there were many ways to solve this problem. During the housing boom, you would have plenty of options when it came to financing a home, but today, no money down programs [...]
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If you are looking to buy a home that needs repairs, then you most likely have found plenty of opportunities in a housing market that is recording a record number of distressed property sales. But if you are not a cash buyer, then you most likely have also run into some difficulty in figuring out [...]
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I was reading a blog post this morning from another real estate agent who was seeking input about a mortgage assignment sale (creative solution for homebuyers with bad credit that involves the assumption of existing loans). It simply involves the seller granting the deed of the property to the buyer subject to the existing liens [...]
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Are you under water in your house? You might be surprised at just how many homes in Tallahassee have larger debt loads than their value. This topic came up in a comment made by a reader last week, so I thought it was worth further exploration. When we say that a house is under water, [...]
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One of the major problems that is slowing buyer activity in the housing market has been the tightening of mortgage lending standards. For the past six months, there has been a great difficulty in finding a lender willing to do condo financing in Tallahassee, but finally there are signs that this is starting to change [...]
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Holy cow, I have to agree with Lawrence Yun on quite a few points that he made during the release of the monthly Existing Home Sales Report last week. Dr. Yun, the chief economist for the National Association of REALTORS® explained that existing home sales in March were down compared to March of last year, [...]
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There is more continued positive news regarding Foreclosures in Tallahassee, as the number of new lis pendens filings continues to decline. Our 1st Quarter report on Tallahassee Foreclosures found 220 lis pendens filed in Leon County during the first quarter of 2011, which is 50% fewer than were filed during the first quarter of 2010. [...]
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Mortgage interest rates have a huge impact on the affordability of homes for sale in Tallahassee, as the cost of money is just as real to most homebuyers as is the cost of the sticks, bricks, land, and labor that go into the overall cost of a home. In fact, you could argue that real [...]
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