Post on Nov. 17, 2010

Many homeowners decided to buy a new home in this down market due to the home buyer tax credit. But even though it expired on April 30, the National Association of Home Builders (NAHB) claims that now is still an ideal time to buy a home due to a combination of low interest rates and competitive...

Post on Oct. 07, 2010

The current recession has resulted in falling home values, and many people now owe more money on their home than what it is worth. Also called negative equity, being underwater, or being upside down, the situation causes a difficult dilemma. Many are unsure of what to do or wonder if it is even...

Post on Sep. 22, 2010

When purchasing real estate, in addition to the down payment, there are fees known as closing costs that must be paid. Traditionally, closing costs are divided between the buyer and seller. Below is a list of the fees each can expect to pay in Florida.Buyer closing costsRecording fees:Deed: $6.00...

Post on Sep. 13, 2010

When a borrower defaults on his or mortgage payment (fails to pay the debt), the lender can take ownership of the property and recover the amount of money owed to them through a process known as foreclosure. According to RealtyTrac, foreclosure filings occurred in one out of every 400 housing units...

Post on Aug. 17, 2010

In light of the current recession, banks have made it more difficult to secure a home mortgage. In general, borrowers need to have a higher credit score than in years past, especially if you want to qualify for the best loan rates. For those with bad credit, obtaining a loan is even more difficult....