Wow! Condo sells in Jax are up a whopping 90%. Yes. You read that right--90%. The median price of a condo in Jax dropped 42% to $74,200. That's the second highest drop in the state. NOW IS THE TIME TO BUY A CONDO! And it's the time to buy a single family home. Prices are LOW and interest rates are still incredibly low.
If you've ever wondered if you could qualify for a loan to buy a condo or a home, give me a call or shoot me an email. I'll be happy to put you in touch with some really good lenders.
Thursday, August 12, 2010
Tuesday, May 11, 2010
In trouble with your mortgage in Jacksonville?
This is an amazing segment on people that are walking away from their mortgages. It's not just about that, it's very educational as far as the numbers go. It's unbelievable how many people are "underwater" right now.
Are you in trouble with your mortgage? Don't walk away! Let's salvage some of your credit with a short sale.
Call if I can help.
Watch CBS News Videos Online
Are you in trouble with your mortgage? Don't walk away! Let's salvage some of your credit with a short sale.
Call if I can help.
Watch CBS News Videos Online
Wednesday, April 14, 2010
Jacksonville First Time Buyers Are Running Out of Time!
Okay all of you procrastinators! It's time to get very serious about finding your first home! Time is of the essence! Please don't hesitate any longer. You must have a "fully executed" contract by April 30th with a closing date before June 30th. That's really cutting it close! Today is April 14th and you've got 16 days to find a house! Please don't wait any longer. There are currently 3338 homes in the price range of $120,000 to $190,000 listed in our MLS. Let's go look at a few of them this weekend! :-)
Call me today if I can help. We'll find something in time if you're willing to start looking with me TODAY!
Call me today if I can help. We'll find something in time if you're willing to start looking with me TODAY!
Wednesday, April 7, 2010
Jacksonville Real Estate Market is on FIRE!
The numbers are in and it's amazing! The real estate market in Jacksonville is blazing hot!!
Sales for Jacksonville number of "solds" is up 23% over last year! The number of homes currently under contract is up over 39%. Wow!
I'm not sure if it's the First Time Buyer credit that's driving the market or if it's because of the new, lower prices on the existing inventory. I don't know what it is... but I love it!
We'll know soon. The Tax Credit expires on April 30th. If you've been considering buying a home...NOW IS THE TIME!
Call me today!
Sales for Jacksonville number of "solds" is up 23% over last year! The number of homes currently under contract is up over 39%. Wow!
I'm not sure if it's the First Time Buyer credit that's driving the market or if it's because of the new, lower prices on the existing inventory. I don't know what it is... but I love it!
We'll know soon. The Tax Credit expires on April 30th. If you've been considering buying a home...NOW IS THE TIME!
Call me today!
Saturday, March 20, 2010
Jacksonville First Time Buyers Don't Wait Too Long to Buy!
Okay First Time Buyers out there. You have 41 days left before the Tax Credit ends! That may seem like a long time but trust me--by the time we look at lots of houses, we'll need every single one of those weekends to go look.That will be FIVE weekends to be exact! Not very many.
There continues to be more activity in the 125-175 dollar price range. There are even rumors of multiple offers. It seems like all of the buyers are looking in the exact same price range and in the same areas!
Please don't wait too long. Time is running out.
Don't miss this opportunity to get a $8000 Tax Credit.
Call me today and let's get busy!
There continues to be more activity in the 125-175 dollar price range. There are even rumors of multiple offers. It seems like all of the buyers are looking in the exact same price range and in the same areas!
Please don't wait too long. Time is running out.
Don't miss this opportunity to get a $8000 Tax Credit.
Call me today and let's get busy!
Monday, February 22, 2010
Loan Modification and Foreclosures in Jacksonville
Things are changing in the world of foreclosures and distressed home owners. The Feds have finally mandated some guidelines for Florida lenders to use to help home owners in trouble. If you're considering a short sale or foreclosure, please read the following article from EZine Magazine. This is the new program that will start on April 1st. I hope this will help you. If you find out that you might need to do a short sale, give me a call and we can discuss exactly how it works. Let me know what you think about the new plan to help homeowners decide what to do about their situation. Please keep in mind that all of the options listed below are for PRIMARY residences only. No investment property is included in the program. Call if you have questions.
Although the foreclosure mediation process has been around for many years, until recently it's been mostly voluntary and not widely publicized to homeowners throughout Florida. Borrowers who are behind on their mortgage payments or are in serious risk of default may not be aware that this program exists or realize that they have rights and options along the way of the foreclosure process.
Currently, Florida is one of the hardest hit states in the nation, with almost half a million foreclosures lawsuits in various stages of litigation. On December 28, 2009, the Florida Supreme Court mandated mediation for Floridians who are in danger of losing their homes through foreclosure. Chief Justice Peggy Quince directed each Chief Judge of the 20 judicial Circuits to issue an administrative order addressing how the managed mediation program will be handled in their respective Circuit. This Supreme Court Order strives to reduce the foreclosure overload that is currently clogging our court system and monopolizing limited judicial resources.
State guidelines must be followed when conducting foreclosure mediation in Florida. Mediation managers are required to schedule sessions no less than 60 days and no more than 120 days after the filing of the foreclosure case has occurred. Meetings are usually several hours and lenders are required to pay a $750 fee up front, which may be recovered in the final judgment if mediation fails and the suit proceeds to foreclosure. The house in default must be the homeowner's primary place of residence and the loan must have originated under the federal truth-in-lending regulations. Exceptions to the mandatory foreclosure mediation will be granted where the borrower and the lender reach an agreement to forego mediation, mediation was previously unsuccessful, or the homeowner cannot be located.
Mediation enables troubled homeowners to meet with their lenders at the bargaining table to renegotiate the terms in their mortgage and address other issues and circumstances surrounding the borrower's default. Mediation not only removes the fear the borrower has in communicating with the lender, but brings both parties together in an informal setting that will help decide if modifying the loan terms or if another remedy, such as short sale on the house or deed in lieu of foreclosure, is a more appropriate and reasonable solution.
The Mediator is an impartial and neutral third party who will bring a fresh perspective to the case at hand. In the managed foreclosure mediation cases, he or she must be Circuit Court certified and specially trained in foreclosure law and mortgage modification issues.
Before a homeowner can be eligible formediation, he or she must see a foreclosure counselor who is approved by the U.S. Department of Housing and Urban Development. After obtaining advice from such a professional, troubled borrowers have been found to be less likely to re-default on their mortgages.
The record volume of foreclosures in Florida is threatening to break its court system. With the new mediation requirement, the hope is that applicable cases will be directed away from the courts and handled in a more timely and efficient fashion.
If you or someone you know is facing foreclosure mediation, be sure to insist on a qualified, competent Circuit Court certified mediator with experience in foreclosure law and mortgage modifications and the short sale process.
Article Source: Michelle Berg is a Magna Cum Laude graduate of both Boston College and the University of Miami School of Law. She has experience handling a variety of real estate issues in south Florida, both as an attorney and as a mediator.
Call if I can help.
Although the foreclosure mediation process has been around for many years, until recently it's been mostly voluntary and not widely publicized to homeowners throughout Florida. Borrowers who are behind on their mortgage payments or are in serious risk of default may not be aware that this program exists or realize that they have rights and options along the way of the foreclosure process.
Currently, Florida is one of the hardest hit states in the nation, with almost half a million foreclosures lawsuits in various stages of litigation. On December 28, 2009, the Florida Supreme Court mandated mediation for Floridians who are in danger of losing their homes through foreclosure. Chief Justice Peggy Quince directed each Chief Judge of the 20 judicial Circuits to issue an administrative order addressing how the managed mediation program will be handled in their respective Circuit. This Supreme Court Order strives to reduce the foreclosure overload that is currently clogging our court system and monopolizing limited judicial resources.
State guidelines must be followed when conducting foreclosure mediation in Florida. Mediation managers are required to schedule sessions no less than 60 days and no more than 120 days after the filing of the foreclosure case has occurred. Meetings are usually several hours and lenders are required to pay a $750 fee up front, which may be recovered in the final judgment if mediation fails and the suit proceeds to foreclosure. The house in default must be the homeowner's primary place of residence and the loan must have originated under the federal truth-in-lending regulations. Exceptions to the mandatory foreclosure mediation will be granted where the borrower and the lender reach an agreement to forego mediation, mediation was previously unsuccessful, or the homeowner cannot be located.
Mediation enables troubled homeowners to meet with their lenders at the bargaining table to renegotiate the terms in their mortgage and address other issues and circumstances surrounding the borrower's default. Mediation not only removes the fear the borrower has in communicating with the lender, but brings both parties together in an informal setting that will help decide if modifying the loan terms or if another remedy, such as short sale on the house or deed in lieu of foreclosure, is a more appropriate and reasonable solution.
The Mediator is an impartial and neutral third party who will bring a fresh perspective to the case at hand. In the managed foreclosure mediation cases, he or she must be Circuit Court certified and specially trained in foreclosure law and mortgage modification issues.
Before a homeowner can be eligible formediation, he or she must see a foreclosure counselor who is approved by the U.S. Department of Housing and Urban Development. After obtaining advice from such a professional, troubled borrowers have been found to be less likely to re-default on their mortgages.
The record volume of foreclosures in Florida is threatening to break its court system. With the new mediation requirement, the hope is that applicable cases will be directed away from the courts and handled in a more timely and efficient fashion.
If you or someone you know is facing foreclosure mediation, be sure to insist on a qualified, competent Circuit Court certified mediator with experience in foreclosure law and mortgage modifications and the short sale process.
Article Source: Michelle Berg is a Magna Cum Laude graduate of both Boston College and the University of Miami School of Law. She has experience handling a variety of real estate issues in south Florida, both as an attorney and as a mediator.
Call if I can help.
Thursday, January 28, 2010
First Time Buyers in Jacksonville
Be careful what you wish for! I predict that we're going to have an amazing number of first time buyers entering this market in the next 2 weeks! Are you prepared?
First time buyers are the funnest, and the most challenging clients I've ever worked with!! Never a dull moment. They are smart, they're internet savvy, they have already looked at a LOT of houses on Realtor.com and other sites and they are READY TO GO!
We are under a very tight deadline. We must have a contract signed, sealed and delivered no later than April 30th. That seems so far away right now--it's not! After getting the deal done, we can close as late as June 30th.
In this market, the first timers are all looking in the same price range. I am starting to see multiple offers on homes already! Are you ready to get educated on how the process works? Some of my first timers are confused and have lots of questions.
Multiple offers and homes sold above the asking price will be here this Spring! I predict this will become the norm rather than the exception. Homes priced right will SELL in this market!
I'm living that very situation as we speak. I continue to get referrals from the first timers I helped fourth quarter of last year. The homes that we looked at in November and December are now Pending or Sold. Time is of the essence! Please be aware of the deadline and call me! If you are a first timer sitting on the fence--it's time to "jump"!
What a great time to be a REALTOR. This is what we do best. Match buyers with homes that will enrich their lives and families for many years to come. I love my job!!
Put me to work for YOU!
First time buyers are the funnest, and the most challenging clients I've ever worked with!! Never a dull moment. They are smart, they're internet savvy, they have already looked at a LOT of houses on Realtor.com and other sites and they are READY TO GO!
We are under a very tight deadline. We must have a contract signed, sealed and delivered no later than April 30th. That seems so far away right now--it's not! After getting the deal done, we can close as late as June 30th.
In this market, the first timers are all looking in the same price range. I am starting to see multiple offers on homes already! Are you ready to get educated on how the process works? Some of my first timers are confused and have lots of questions.
Multiple offers and homes sold above the asking price will be here this Spring! I predict this will become the norm rather than the exception. Homes priced right will SELL in this market!
I'm living that very situation as we speak. I continue to get referrals from the first timers I helped fourth quarter of last year. The homes that we looked at in November and December are now Pending or Sold. Time is of the essence! Please be aware of the deadline and call me! If you are a first timer sitting on the fence--it's time to "jump"!
What a great time to be a REALTOR. This is what we do best. Match buyers with homes that will enrich their lives and families for many years to come. I love my job!!
Put me to work for YOU!
Friday, January 15, 2010
Jacksonville First Time Buyer Help With the New Good Faith Estimate
Here is a good video about the new Good Faith Estimate lenders are using.
Thursday, January 7, 2010
Happy New Year!!
Fasten your seat belts! We're in for a bumpy ride in 2010. Join me and let's begin the adventure!
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