March is here. The buzz is there will be an influx of new listings hitting the market. While talking with my associates both Realtors and Appraisers. We all feel that there will be a great deal of new inventory hitting the market starting the first of March. This is not even what the lending institutions…
I have lived in Tallahassee for 26 years now, during that time I have seen a great many changes in our city and surrounding areas. When I moved here in 1984 I could not believe all the great places there was to visit and things to do in our surrounding area. Some of the…
Driving back from Havana after getting a great listing on Cable Road that sits on 7.5 acres and situated on a stream that runs into a local lake. I noticed the water table had risen tremendously from 3 weeks earlier. I also noticed that driving down North Monroe that Lake Jackson is showing major…
I hope that with the weather heading to the 60 degree mark that spring is just around the corner. Tallahassee has so much to offer at this time of year. The greenery is starting to perk up as well as all the flowers coming into bloom. From the camellias that can be seen in Maclay…
Over the past few days we have been discussing the options available to when you are in financial trouble regarding your mortgage. Today’s economic situations have made it harder for homeowners to keep up with their monthly payments. As discussed in previous articles you can do have a variety of options from loan modification to…
When doing the short sale with the lender the shortage does not just go away. Depending on the lender they will determine if you will get a 1099-C or that you get a deficiency judgment against you. A 1099-C is an income form for the shortage that you will have to claim as income since…
There are documents that need to be gathered to get the process in full gear. Keep in mind you are asking for a discount from the lender on a purchase you did in the past, a mortgage that you agreed upon prior so the lender needs all the verification again as too why you feel…
Working towards the process: You will need verification of your economic condition prior to getting the process started. You will need to write a hardship letter that states why you feel that you need to do a short sale. Also if you are having an outside party assist in the process you will need to…
With today’s tight economic conditions mortgage payments are stressing many families to the brink of either foreclosure or bankruptcy. There are other options available to you as a consumer out there. Loan modification is actually a good option if you are planning on staying in your home. This is where Mortgage Company will work with…
Do you feel like your trapped in this every changing economy???? Our economic condition has been very challenging for all in the past couple of years. There are times in our lives that we are so confused we don’t know what is in store and what will happen to the so called financial nest egg…
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