Big news today for Tampa homeowners who are under water on their home. The Treasury Department is withholding financial incentives from 3 of 10 of the major mortgage servicers participating in President Obama’s Making Homes Affordable program loan modification program and the HAFA short sale program. For the first time, the administration’s monthly “housing scorecard” […]
Do you Qualify for a Loan Modification? Free Online Calculator
The Treasury Department is offering a free online calculator that helps borrowers estimate whether or not they qualify for the Home Affordable Modification Program ( HAMP). The calculator is available at checkmynpv.com. In the two years since its launch, HAMP has helped more than 270,000 borrowers receive permanent loan modification, thus lowering their monthly mortgage […]
Selling Your Tampa Home: How to Price Using Comparables
Knowing how much homes similar to yours, called comparable sales (or in real estate lingo, “comps”) sold for gives you the best idea of the current estimated value of your home. The trick is finding sales that closely match yours. What makes a good comparable sale? Your best comparable sale is the same model as […]
14.6% Inaccurate, Yet Now Zillow to do Zestimates on Rentals
Previously I’ve lamented about the inaccuracies of Zillow’s “Zestimate”. Here in Tampa Bay, the Zestimate’s margin of error is about 14.6%. That’s because there is no way a Zestimate can tell if a home has upgrades or not, has an amazing view, versus a neighboring home that does not – it simply takes an average. […]
April Tampa Real Estate Market Statistics
2010-2011 Pricing and Inventory History – courtesy GTAR Every month, as Realtors, we receive statistics from the prior month from the Greater Tampa Association of Realtors. We thought our readers might be interested in some of the April stats. In April there were 1,983 homes sold in Greater Tampa Bay. By comparison in March there […]
Deficiency Judgments Haunt Homeowners Years Later
Interesting article in the St. Petersburg Times a few days ago I had to share. As Tampa Bay expert short sale listing agent, I know that its a common misconception of homeowners that if they walk away from their mortgage and allow their home to be foreclosed on or if they agree to a deed-in-lieu, […]
