Real Estate News: Do We Need Freddie Mac and Fannie Mae?

September 16, 2011

in This Week in Real Estate | Tagged , , , ,

There’s a flicker of hope despite the nightmarish poverty and unemployment numbers released in the past week. Signaling that the government is indeed concerned about the housing market situation, top Senate lawmakers started debating housing finance reforms at a Congressional panel. Among the issues taken up were whether to wind down government backed entities Fannie [...]

5 Reasons to Buy a House in Florida Now

September 6, 2011

in Home Buying Guide, Home Foreclosures, Regional Real Estate Tips | Tagged ,

If you’re dreading another winter up north and are ready to relocate to a warmer climate, hit the road and start shopping for a house in Florida. Think you can’t afford it? You might be wrong. The average price of a condo in Florida is hovering around $97,000, and single-family homes are listing at an [...]

What Causes House Foreclosures?

July 13, 2011

in Home Foreclosures | Tagged

If you live in any one of the 50 states impacted by the recent mortgage crisis, you may have noticed a large upswing in the number of “for sale” signs in your neighborhood. Many of these homes even have a foreclosure or bank-owned sign in the front yard. In February 2011, approximately 1 in every [...]

HUD Foreclosure Grants

July 10, 2011

in Home Foreclosures | Tagged ,

What are HUD Foreclosure Grants? HUD Foreclosure Grants refer to $73 million, made available through President Obama’s comprehensive Homeowner Affordability and Stability Plan (HASP).  Grants will be distributed by the U.S. Department of Housing and Urban Development to over 500 national, regional and local organizations to provide housing counseling and training in an effort to [...]