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  • Foreclosures can take 2 years to process. And how long is the wait to buy again?

    You should avoid foreclosure as your credit will be damaged, not to mention the stress and other hardships it will cause.  Here are the basic steps through a foreclosure:   In Florida, your lender files a 'complaint' against you, explaining to a judge why it thinks that it should get your house as payment ...
    Posted to Joanne McKeage (Weblog) by 52536 on November 22, 2011
  • A Lowball offer? Or the start of negotiations?

    Sellers sometimes feel that Buyers are trying to 'beat them up' and that all properties for sale should be treated like distressed sales and are inclined to lowball offers.  All Buyers want to get the best deal, but if you want to make a 'Lowball' offer here are some simple guidelines: Find out what type of sale it ...
    Posted to Joanne McKeage (Weblog) by 52536 on November 10, 2011
  • FHA Loan Limits for Broward County have changed!

    FHA Loan Limits for Broward County have changed.  The new FHA loan limit is $345,000.  It was $423,750 before.  The new loan limit will go into affect on October 1st, 2011. This change is the same for Miami-Dade County.  Other counties in Florida vary.  If you have an FHA Loan with the higher amount, make sure you close ...
    Posted to Joanne McKeage (Weblog) by 52536 on September 9, 2011
  • Florida Home and Condo Sales up!

    Florida Home and Condo Sales up!  Home, condo and townhome sales rose in March, according to latest housing data released by 'Florida Realtors'.  Home sales increased by 12% last month with a total of 18,522 homes sold throughout the state compared to 16,540 sold in March 2010.  Condo sales rose 24% statewide compare to a ...
    Posted to Joanne McKeage (Weblog) by 52536 on April 22, 2011
  • Article from 'Florida Realtors', Jan. 25, 2011: Floridians grow suddenly optimistic about economy

    UF: Floridians grow suddenly optimistic about economy GAINESVILLE, Fla. – Jan. 25, 2011 – Consumer confidence among Floridians soared an unexpected seven points to 77 in January from the revised December index score of 70, according to a new University of Florida survey. The increase is the largest since the index rose seven points ...
    Posted to Joanne McKeage (Weblog) by 52536 on January 25, 2011
  • Homes lost to foreclosure on track for 1 million in 2010

    Los Angeles (AP) - July 15, 2020 - More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans. Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to ...
    Posted to Joanne McKeage (Weblog) by 52536 on July 16, 2010
  • FED Economy Growth Prediction, July 2010

    WASHINGTON - 7/15/10 - Federal Reserve Officials now predict the economy will grow between 3 percent and 3.5 percent this year.  That's down from forecast of 3.2 percent to 3.7 percent made in April.
    Posted to Joanne McKeage (Weblog) by 52536 on July 16, 2010
  • Florida Real Estate market has hit bottom

    Florida real estate market has hit bottom according to the latest University of Florida (UF) report.  Results of the first quarter survey indicate that the real estate market in Florida has hit bottom and is in the process of stabilizing across most property types, says Timothy Becker, director of UF's Bergstrom Center for Real Estate ...
    Posted to Joanne McKeage (Weblog) by 52536 on May 3, 2010