Current News & Events Port St Lucie Florida

Homebuyer Tax Credit Update & Information

What you should know about the Homebuyer Tax Credit Special Rules for Members of the Military, the Foreign Service and the Intelligence Community Recognizing their unique circumstances, Congress approved exceptions that give qualified members of the military, Foreign Service and intelligence communities an extra year to buy a home and claim the federal... [Read more of this review]

REO Specialist Port St Lucie

REO specialist Sharon Kelly-Brown gives great advice regarding reo and short sales in saint lucie county. Please read this article below from stockmarketsreview.com Short Sale Investing – Are the Banks Focusing More on Short Sales, Instead of Foreclosure? Posted Wednesday, May 12, 2010 by admin Filed under: Investing Over the past 12-24 months, in... [Read more of this review]

Port Saint Lucie Short Sales

Port st lucie short sales Home debt a problem for many in st lucie county Article Courtesy Lisa Gibbs, senior writerMay 5, 2010: 4:28 AM ET (Money Magazine) — A transfer in 2005 landed Air Force major Richard Hallbeck, his wife, and two kids in Southern California smack in the middle of the real estate bubble. Home prices in the area had doubled... [Read more of this review]

PSL Housing - Washington Only Delaying The Inevitable

Troubled Homeowners Can Get Free Advice On Short Sales and Pre Foreclosures from Sharon kelly of Port St Lucie. Call Sharon at  1 800 778 8335 Psl foreclosures help and advice. Written by Bob Adelmann Mar 23rd. Friday’s announcement of more intervention in the housing. mortgage market will result in a deeper, longer, and more painful delay in the... [Read more of this review]

Florida Given Only Weeks to Plan 1.5 Billion Federal Foreclosure Funding

Five states including Florida rush plans for $1.5B in housing funds By BOB CHRISTIE Associated Press Writer PHOENIX—The five states hardest hit by the foreclosure crisis have been given only weeks to plan how to spend $1.5 billion in federal funding announced by the Obama administration last month.Guidelines issued under the U.S. Treasury Department’s... [Read more of this review]

Port St Lucie Houses Are Underwater

Over 50 percent of homes in our area are upside down. Have questions or need some advice on what to do with your home? Call Sharon Kelly Realty today at 1 -800 -778-8335 and she’ll help answer your concerns. Courtesy Paul Ivice-  TCpalm More than half of mortgaged residential properties in St. Lucie and Martin counties are “under water,”... [Read more of this review]

Last Quarter Decline in Late Mortage Payments May Be Positive For Foreclosure Market

Late payments on mortgage loans declined slightly during the fourth quarter of 2009 — compared to the previous quarter — representing the first quarter over quarter decrease since mid-2006. Some analysts believe that the drop in 30-day delinquencies may be a positive indicator that the mortgage market is starting to stabilize, and that the number... [Read more of this review]

Walking away from your mortgage - yeah or nay?

Walking away from your mortage may not be the best solution for you as a homeowner facing foreclosure Sharon J Kelly can help you avoid the consequences of losing your home or walking away. This article sheds some light onour current crisis that we are facing. If you listen to media coverage about the current housing and mortgage crisis, you are likely... [Read more of this review]

Florida still leading Foreclosures

Port St Lucie Foreclosure news Florida Still Stays at Foreclosure Forefront Mortgage Banker’s Association stated that Florida’s late payment numbers rose from 12.18% to 12.66% during the 3rd quarter of last year. By the end of last year, the national average of mortgages in foreclosure was 4.58%, while Florida was able to claim the unfortunate... [Read more of this review]

Obama Announces Billions in Housing Assistance to 5 States Including Florida

Obama to Unveil $1.5 Billion in Housing Assistance in Vegas AP President Obama is unveiling $1.5 billion in housing help, a boost timed to his appearance in the city with the worst foreclosure crisis in the nation. President Barack Obama speaks during a fundraiser for Sen. Michael Bennet, D-Colo., at the Fillmore Auditorium in Denver, Thursday, Feb.... [Read more of this review]

St. Lucie existing home sales increase

Martin, St. Lucie existing home sales increase in 4th quarter By Paul Ivice See what properties have been bought and sold, learn more about the market on the Treasure Coast and maybe even find a home of your own. Sales of existing single-family homes in St. Lucie and Martin counties rose faster than the rest of Florida during the fourth quarter... [Read more of this review]

New Wave of Commercial Foreclosures

Bailout oversight panel warns of wave of commercial real estate foreclosures February 10, 2010 The special panel set up by Congress to monitor the $700-billion bailout fund is raising new warnings about the economic impact of a wave of expected commercial real estate foreclosures. In its monthly report, to be released Thursday, the Congressional... [Read more of this review]

Slight Decline in Foreclosures St Lucie County

Will the downward trend continue for the foreclosures throughout south florida and locally here in Port St Lucie?  Here are the latest figures in the county and surrounding areas. Courtesy of George Andreassi   TC Palm FORT PIERCE — After setting a new record in 2008, lenders filed 1,246 fewer mortgage foreclosure cases in St. Lucie County last... [Read more of this review]

Proposal would require mediation for homeowners facing foreclosure in florida

Stop the foreclosures by helping the homeowners - mediation may be the answer By Jeremiah Jacobsen FORT MYERS, Fla. - Florida lawmakers are considering whether the law should protect homeowners facing foreclosure. One prominent Southwest Florida foreclosure attorney says: it’s about time! Right now, foreclosure attorneys say one of the... [Read more of this review]

New Guidelines for Home Short Sales

Financially stressed homeowners left hanging while their banks consider whether to approve the short sales of their properties may benefit from new federal guidelines. In a short sale, the homeowner sells the property for less than what is owed on the mortgage, and the lender forgives the difference. While short sales are considered an ideal solution... [Read more of this review]

Local real estate market on a ‘comeback’ says ECAR - Port St Lucie Homes Best Buy

Port st lucie housing market is prime for buyers Local homes in st lucie county are prime for the investor as homes for sale are well below the average price. Here is an article that I would like to share with you about Florida’s Real Estate market and the comeback that is happening. The Florida existing housing market made some sizeable leaps... [Read more of this review]

Port St Lucie Homes A Real Bargain - Ranked 6 in housing bargains nationwide

The Treasure Coast has some of the best bargains for housing in the nation, a recent report shows. Port St. Lucie wasn’t far behind at No. 6. The rankings are in IHS Global Insight’s House Prices in America report for the third quarter of 2009. IHS Global Insight determines housing values for 330 U.S. markets by comparing median home prices, local... [Read more of this review]

Sharon J Kelly agrees that now is the time to buy 2010 Real Estate in Port St Lucie

The Florida Real Estate market will improve the first quarter 2010. Better quality inventory is likely to improve! Now is the time to buy property especially in Port Saint Lucie. _______________________________________________________________________________________ If 2009 was “the year of change” in real estate, I predict that 2010 will be “the... [Read more of this review]

What is the Obama loan modification plan all about?

Even if you are not delinquent on your payments, you can still file for an Obama loan modification help if you are facing a financial hardship. Fannie Mae offers early loan workouts to borrowers who face financial difficulties. Even if these borrowers have never been late on their payments, Fannie Mae will offer early loan workouts to help those in... [Read more of this review]

Difference in a Forbearance Agreement and a Loan Modification

Many individuals confuse a mortgage modification with a forbearance agreement. A forbearance agreement is when a financial institution lets a homeowner not make monthly payments or apply an adjusted mortgage payment for a specific time period. Any interest or late fees that remain unpaid at this point in time will be attached to the loan principal.... [Read more of this review]