Current News & Events Port St Lucie Florida

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]

Considering Home Loan Modification? Read Through These Basic Facts

Mortgage Modification really means a permanent change in one or more of the terms of your home loan allowing it to be changed so that you have a lower payment. Read through the following to determine whether home loan modification is right for you: This service is a viable option when the rate or terms of your current home loan make it impossible... [Read more of this review]

Government owned homes (HUD foreclosures) provide exceptional value in today’s economy

If the house you are interested in is a Housing and Urban Development (HUD) foreclosure, then it was last purchased with an Federal Housing Administration (FHA) mortgage. The Federal Government insured the loan, making the previous FHA loan possible. By insuring the loan the Federal Government agrees to repay the Lender for all money lost by the lender... [Read more of this review]

Florida’s Existing Home, Condo Sales Rise in 3Q 2009

ORLANDO, Fla., Nov. 10 /PRNewswire/ — Sales of existing single-family homes in Florida rose 33 percent in third quarter 2009 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 44,345 existing homes sold statewide in 3Q 2009; during the same period the year before, a total... [Read more of this review]

U.S. EB-5 Investor Visa assists in U.S. residency

For potential international buyers, the U.S. EB-5 Investor Visa program may be their ticket for U.S. residency.  There are 10,000 EB-5 visas available each year.  To qualify, a nonresident alien must establish a business or invest in an existing business (created or restructured after November 19, 1990), invest $1 million in the business (in some... [Read more of this review]

Collier County Helps Seniors Displaced by Chinese Drywall

Residents displaced by potential Chinese drywall getting help from county Originally printed at http://www.winknews.com/news/local/59681727.html COLLIER COUNTY - County Commissioners voted this week to help low-income residents displaced by potential drywall pay their rent. More than 30 low-income seniors were evicted last month because of mold and... [Read more of this review]

Now’s A Good Time To Borrow Money

Gov’t helps keep loans cheap – if you can get one NEW YORK (AP) – Sept. 18, 2009 – It’s a good time to borrow money for a home, car or small business. A year after a global freeze in the credit markets prompted massive government intervention to prevent the financial system from collapsing, interest rates remain at historic lows. But banks... [Read more of this review]