Steve Capen's (scapen) Blog

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Real Estate Agent - Keller Williams Realty
I read a good article in the Wall Street Journal - Can A Retiree Get A Mortgage A lot of people do not realize that a retiree can now use a reverse mortgage to purchase home.  For some people (not everyone) this is a great solution!  Lets say someone wants to retire and move to Florida, but they ...
Some homeowners looking to short sell their home think that they will have to repay their lender for the entire loss. It's unfortunate to see them stress out and lose sleep at night wondering how they will repay the debt.A short sale loss is usually a large bill for the average homeowner. They do...
We have a list of all of the things that FHA considers legitimate hardships for a short sale. Click here to view the actual list from FHA. The good news is that if FHA considers something a hardship, then it is likely that most lenders agree. Here is the list of things that FHA thinks are a legit...
Steve Capen & Associates has completed over 100 short sale transactions and we can help you. If you are struggling to make your payments or just owe more than your house is worth, please call / email to set up a free consultation. Many ppeople believe they will not qualify for a short sale and t...
Here is a very interesting article in the Wall Street Journal - Pioneer to revisit Subprime. A company has been formed - Shellpoint Partners LLC - that plans to start offering mortgages to people who have the ability to pay a mortgage, but do not qualify through Fannie Mae, Freddie Mac, or FHA.  ...
This is a question that I have been hearing more frequently and the ANSWER IS YES!  Let me share the following 2 scenarios: 1.)  Sellers had their second child and needed a larger home and wanted to be in a better neighborhood to raise their family.  They puchased a nice home in a great neighborh...
We are having an incredible month for Short Sales!  We have already closed 4 and have 5 more pending for the month of June.  Here are some of our success stories: 2 FHA loans with Bank of America - both sales closed and sellers have no deficiency and RECEIVED $1000 at closing for relocation costs...
  Great 4 Bedroom / 3.5 Bath / 3 car garage home for sale. For Details -  
4233 Poinsettia Dr ST. PETE BEACH, FL Beautiful Waterfront Home with Spectacular Views 3BR/2BA Single Family House $499,000 Year Built 1958 Sq Footage 1,824 Bedrooms 3 Bathrooms 2 full, 0 partial Floors Unspecified Parking 2 Car garage Lot Size 9,200 sqft HOA/Maint $0 per month DescriptionDont m...
When working with people who are thinking about short selling their home, I am asked the following question quite often: Will I have any issues renting a home after I short sale my home? I am in Florida where there is a high number of short sales and I haven't had 1 client have an issue renting a...

Steve Capen

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