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Real Estate Agent - RE/MAX Premier Group - SL3116482/SL3020723
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ARCHIVED BLOG POSTS

2009 

Two Florida banks - Coral Gables-based BankUnited and Fort Lauderdale-based BankAtlantic - are joining some of the country's largest lenders in temporarily halting foreclosures, hoping that President Obama's $50 billion plan will help more people keep their homes.Read the full story:http://www.fl...
02/16/2009
HOMEBUYER TAX CREDITThe current version of the economic stimulus contains a tax credit of up to $8,000 for first-time homebuyers only, though it does not have to be paid back if the house is owned for three years or more. The amount is far less than the $15,000 initially expected, and analysts sa...
02/13/2009
ORLANDO, Fla. - Feb. 12, 2009 - Sales of existing single-family homes in Florida rose 13 percent in fourth quarter 2008 compared to the same period a year earlier, according to the latest housing statistics from the Florida Association of Realtors® (FAR). A total of 30,163 existing homes sold sta...
02/12/2009
FORECLOSURESTo those on the front lines of the housing crisis, the Obama administration's pledge to spend $50 billion to combat foreclosures was a welcome change in the government's approach. But the actual plan won't be unveiled for at least a week.Read the full story:http://www.floridarealtors....
02/11/2009
NEW HOMESSome of the biggest home builders in the country are offering perks that go beyond upgrades, vacations and paid closing costs. Lennar Corp., for instance, is offering 30-year mortgages with an interest rate of 3.875 percent; and both Toll Brothers and Pulte Homes offer rates of 3.99 perc...
02/10/2009
WASHINGTON - Feb. 9, 2009 - Fannie Mae modified a policy that allowed real estate investors to have only four financed properties. The number can now be five to 10, depending on whether certain eligibility, underwriting and delivery requirements are met. Florida Association of Realtors® (FAR) Pre...
02/09/2009
HOMEBUYER TAX CREDITA $15,000 homebuyer tax credit (or 10 percent of a home's selling price, whichever is less) in a stimulus bill passed by the U.S. Senate would apply to all homebuyers of a principle residence. Better yet: The homebuyer would not have to pay it back. The tax credit and its rule...
02/06/2009
FEDERAL BAILOUTWith fewer than 500 applications, lawmakers moved Wednesday to revamp a failing federal housing program. Meanwhile, the Obama administration wants to spend up to $100 billion to help borrowers stay in their homes; and the Senate voted to give up to a $15,000 tax break to homebuyers...
02/05/2009
FORECLOSURESFreddie Mac announced a pilot program yesterday to expedite mortgage modifications. It will pay an outside company to focus on specific types of high-risk loans, including Alt-A, which make up a small portion of Freddie's portfolio but half of its delinquencies.Read the full story:htt...
02/04/2009
PENDING HOME SALESPending home sales increased a healthy 6.3 percent as more buyers took advantage of improved affordability conditions, according to NAR. Big gains in the South and Midwest offset modest declines in other regions.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2...
02/03/2009
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Nick, Cindy & Nicholas Davis

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