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09Aug

Buying a home in Seminole County will get more expensive after September 7th

General Info No Comments
If you are considering buying a home in Seminole County or ANYWHERE in Florida… it might cost you a higher monthly payment after September 7th. This is due to a change in the way that FHA is going to collect mortgage insurance. Your payment will be anywhere from $10-$50 higher if your “case number” is assigned after 9/7. This means you have to have your home under contract AND your loan process started at LEAST a few days before the 7th to get in under the current cheaper guidelines.

If you’re ready to find a home call me today at 407-260-8800 to schedule a private consultation either in person or by phone. I will set you up in my special software to send you properties that exactly meet your specifications… no charge!

Watch THIS VIDEO for more info on this new regulation.
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Tags: altamonte realtor, buy a home in seminole county, buy a longwood home, casselberry realtor, fha loan in seminole county, lake mary realtor, longwood realtor, sanford realtor, seminole county foreclosure realtor
03Aug

Today Fannie Mae launched a new consumer education website on foreclosure options.

General Info, Short Sales, Uncategorized No Comments
Today Fannie Mae launched a new consumer education website on foreclosure options.

The way I found out about it was when I received a call from the Orlando CBS affiliate, Channel 6 News asking if they could interview me about the new site… www.KnowYourOptions.com

So while he was asking me questions about the ramifications of a foreclosure on your life (credit, jugdments, etc.) I pulled the site up quickly to take a peek! It’s actually a pretty good site!

A lot of the information they are sharing is similar to the info I put on MY info site, www.BeforeYouShortSale.com which is for Orlando Short Sale Homeowners info.

They cover the options for when you want to keep your home, including something they call “Deed-for-Lease” which is where you deed your home to the lender (called a deed-in-lieu of foreclosure or dil) and then they will rent it back to you for a specific period of time for current market rent value. The other options when you want to stay in your home are: refinance, repayment plan, forebearance, and modification and on the site they explain what each of these are and the benefits. But remember… if you want to stay in the home you will need to be able to qualify for the payment, so if you are without income you will most likely not qualify to keep your home.

They also cover the options for when you can’t or don’t want to keep your home. These include Deed-in-Lieu and Short Sale and cover the what’s, how’s, and benefits of these options for your family.

Within an hour of my “phone interview”, the reporter from Channel 6 was here in my office with his camera guy to do an interview and find out more about what options a homeowner has in Orlando if they are facing a challenge with their mortgage or facing short sale or pre-foreclosure. The spot will run tonight on Channel 6 between 6-7pm and I’m figuring will be re-run on their website www.clickorlando.com

If you are a homeowner facing trouble with your mortgage, check out the site: www.KnowYourOptions.com it has some really good information that might make your decision easier. And if you are in Seminole County or the Orlando area… give me a call!

UPDATE: Here’s the link to read the article and watch the video replay, CLICK HERE
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Tags: channel 6 news, fannie mae foreclosure, foreclosure expert, foreclosure realtor, louis bolden, seminole county foreclosure, seminole county foreclosure realtor, short sale orlando, short sale realtor, short sale realty
23Jul

1st Quarter Foreclosure & Short Sale Statistics in Seminole County Florida

General Info, Short Sales, Statistics, Success Stories No Comments
In the first quarter of 2010 (January - March) there was a total of 1,210 sales in Seminole County Florida. Of these,

23% were Short Sales (a short sale is when the seller owes more to the bank than what it’s worth and the bank lets them sell it anyway)

37% were REO which stands for Real Estate Owned (means the bank has already taken the home as a foreclosure and is now trying to sell it)

39% were “Regular” Sales, meaning neither a Short Sale or an REO

If you are thinking of buying or selling a home that potentially is a Short Sale or an REO, make sure your Realtor is experienced in these tricky transactions.

If you need more info on the possibility of selling YOUR home as a short sale, please visit http://www.BeforeYouShortSale.com
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Tags: altamonte short sale, altamonte springs short sale, apopka short sale, casselberry short sale, cdpe, certified distressed property expert, florida short sale, forest city short sale, heathrow short sale, lake forest short sale, Lake Mary short sale, longwood short sale, maitland short sale, orlando short sale, oviedo short sale, sanford short sale, seminole county foreclosure, seminole county foreclosure realtor, sfr, short sale agent, short sale and foreclosure resource, short sale expert, short sale house, short sale interview, short sale negotiator, short sale real estate, short sale realtor, short sale realty, short sale seminole county, short sale specialist, short sale statistics, should i short sale?, Winter Springs short sale
06May

Today there are 729 Houses & Condos in Seminole County that are Bank Owned or Short Sale!

General Info, Houses for Sale, Short Sales, Statistics No Comments
I like to report what’s going on in the Seminole County foreclosure market (which includes short sales and bank owned). Whether you’re considering selling your home or you’re looking to buy a home (first homes AND investment properties) The knowledge our office has of the Seminole County market can help you meet YOUR goals!!!

In the first quarter of 2010, there have been 1,210 sales, of those, 282 were short sales (23%), 445 were bank owned (37%), and 483 were “regular” sales (39%). Also, median home prices are broken down the same way: Median Home price in Orlando Area was $110,000, short sales were $115,000, bank owned was $74,000 and “regular” was $166,500.

Ready to see for yourself? Here’s the link to see the 729 homes: Click Here
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Tags: andy tolbert, apopka short sale, casselberry foreclosure, casselberry short sale, cdpe, certified short sale, lake mary pool home, Lake Mary short sale, longwood house for sale, longwood pool home, longwood pre-foreclosure, longwood short sale, sanford foreclosure for sale, short sale realtor, short sale specialist, winter springs pre-foreclosure
06May

What’s Homeownership REALLY Worth in Central Florida

General Info, Statistics No Comments
What’s Homeownership REALLY Worth in Central Florida

Homeowners have seen a decline in their homes value in the last few years. That’s a fact. If you bought your home in 2004-2008, it’s probably worth less than you paid. However how is homeownership in the LONG RUN?

The National Association of Realtors has just released statistics that go back and show you how your net worth has been impacted by home prices if you had bought your house 5, 10, 15, and 20 years ago. It’s kind of interesting! Here’s the links:

Orlando Area Report

Link to see other area reports

If you’re in the market to purchase a home, whether it’s your first home or you’re adding an investment property… call me for a no-obligation appointment to see if we can work together! 407-260-8800
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Tags: andy tolbert, apopka short sale, casselberry foreclosure, casselberry short sale, cdpe, certified short sale, lake mary pool home, Lake Mary short sale, longwood house for sale, longwood pool home, longwood pre-foreclosure, longwood short sale, sanford foreclosure for sale, short sale realtor, short sale specialist, winter springs pre-foreclosure
05Apr

Want to do a short sale? Don’t move out of your house!

General Info, Short Sales No Comments
Today marks the first day of HAFA (Home Affordable Foreclosure Alternatives) which is the new program that is supposed to make short sales easier, faster, smoother, and may even PAY you to cooperate with your lender, but in reviewing some of the guidelines, I noticed a biggie that isn’t being talked about… YOU SHOULD STILL BE IN THE HOME! If you move out into another house it might hurt your chances! Here’s some basic guidelines:

Who is eligible for HAFA?

The borrower must meet the basic eligibility criteria for HAMP:
- Principal residence. The property may be vacant up to 90 days before the date of the Short Sale Agreement (SAA), Alternative Request for Approval of Short Sale, or DIL but only if the borrower documents they were required to relocate at least 100 miles from their home for purposes of employment and they have not purchased another property in the 90 day period.
- First lien originated before 2009
- Mortgage delinquent or default is reasonably foreseeable
- Unpaid principal balance no more than $729,750 (higher limits for two- to four-unit dwellings)
- Borrower’s total monthly payment exceeds 31% of gross income
If you are considering a short sale on your home, make sure you talk to a Realtor that is well versed and understands the ins and outs of doing a short sale, don’t be afraid to ask them! HAFA just went into effect today, so they won’t know all of the kinks in the HAFA program, but they should have a thorough understanding of the short sale process and what it takes to get them closed!

Good Luck!

p.s. If you’re in the Central Florida area, I would love to offer a free consultation on your situation. And no matter WHERE you are, you can get some basice short sale tips at www.BeforeYouShortSale.com
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Tags: altamonte springs short sale, apopka short sale, casselberry short sale, deltona short sale, HAFA, HAMP, home affordable foreclosure alternatives, how to short sale, Lake Mary short sale, longwood short sale, obama short sale, rules to short sale, sanford short sale, short sale, shortsale, winter park short sale, witner springs short sale
11Mar

Today there are 748 Homes in Seminole Cty that are Bank Owned or Short Sale between $100-300k

Cities, General Info, Statistics, Uncategorized No Comments
All of these properties could qualify for the $8,000 rebate for first time home buyers (haven’t owned a home in the last 3 years) or the $6,500 for “move-up” buyers.

Here’s a link to take a look… or drop me an email or call me… I’ll set up a custom search for you!

Here’s the link again: http://mfr.mlxchange.com/Pub/EmailView.asp?r=368941749&s=MFR&t=MFR
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Tags: lake mary foreclosure, Lake Mary short sale, longwood foreclosure, longwood house for sale, longwood short sale, seminole county foreclosure realtor
05Mar

Bank Repo Class At The Lake Mary Library

General Info, Success Stories, Uncategorized No Comments
Bank Repo Class At The Lake Mary Library
Learn the 9 step system to buying a pre-foreclosure in the Central Florida area. Free educational seminar is open to the public. Being held at the Seminole County Public Library in Lake Mary. Large lenders are offering foreclosures and pre-foreclosures for tens of thousands of dollars below market value and this class will show you how YOU can capitalize on their losses. No charge to attend this seminar. Details and to register: http://www.OrlandoBankRepoClass.com

p.s. The government will PAY you up to $8,000 to buy a home but only until April 30^th!
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Tags: bank repo class, can I buy a house, first time home buyer, first time home buyer class, first time homebuyer seminar, foreclosure class, homebuyer seminar, how to buy a bank repo, how to buy a foreclosure, how to buy an reo
05Mar

Short Sale, Amazing Pool Home for Sale in Bentley Woods in Oviedo for $239,900

Cities, Houses for Sale, Oviedo No Comments
Hurry!!! This is the nicest house you’ll find! 4 Bedroom, 2 Bath Pool Home with Wood Floors, Organic Veggie Garden, Sports Pool, Tray Ceilings, Columns, Wood Burning Fireplace and Way too much more to list!
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Tags: Bentley Woods, Oviedo, oviedo home for sale, oviedo mls, oviedo pool home, oviedo short sale, oviedo short sale for sale
21Dec

Sanford Short Sale Pool Home on Conservation Lot, 4 Bedroom!

Cities, Houses for Sale, Sanford No Comments
Want to see the virtual tour? It’s a beauty!

Bring the bank an offer on this H-U-G-E home with almost 3,000 square foot plus a pool/spa! 1574 Song Sparrow Ct.
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Tags: lake jessup woods, lake jesup woods, sanford pool home for sale, short sale in sanford, short sale seminole county