Lowest Priced Single Family Home in the community of Tierra Verde! [idx-listing mlsnumber=”T2416517″ showall=”true”]
3 Major Loan Servicers Denied Government Financial Incentives
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 […]
Ask a Realtor: Should I Short Sale My St. Petersburg Home?
Q: I bought my home in 2005 for $230,000. Now it is worth approximately $100,000 less than what I paid for it and I just lost my job and am struggling to keep up with the mortgage payments. Should I short sale or just let the bank foreclose, or do a deed-in-lieu of foreclosure with […]
Obama Calls for Principal Reductions, Longer Term Modifications
The following article was released May 12th and we wanted to post it in its entirety. President Obama said that struggling homeowners need even more help from the banks, in a CBS town hall that aired Thursday. Calling housing “the biggest headwind on the economy right now,” Obama broached two relatively new ideas for the […]
U.S. Treasury Loosens HAFA Guidelines!
HAFA stands for Home Affordable Foreclosure Alternatives and is a program instituted by the government. Banks who took bailout money have been forced to participate in HAFA. If you are facing foreclosure and are behind on your mortgage, it may be in your best interest to do a HAFA Short Sale. The benefits of being […]
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