THE EXPANDED HOME AFFORDABLE REFINANCE PROGRAM, NICKNAMED HARP, HAS BEEN USED BY MORE HOMEOWNERS IN THE PAST 6 MONTHS THAN IN ALL OF 2011. The Obama Administration and the housing regulator, FHFA, revamped HARP to allow homeowners with loans backed by both Fannie Mae and Freddie Mac, and who are current on their mortgages to… Read more »
I Hear America Singing The Poetry Foundation
SOUTH FLORIDA MORTGAGE ATTORNEYS The statute of limitations is a rule that sets a time limit within which a creditor may sue you for payment of a debt. The length of time that a creditor has to sue you on an unpaid debt varies from state to state. On a mortgage note in some states, it’s… Read more »
UNDERWATER HOMEOWNERS IN SHORT SALES MAY FACE HEFTY TAX IF CLOSING DOES NOT TAKE PLACE BEFORE DECEMBER 31, 2012 Most homeowners with underwater properties know far too well the advantages of a short sale. Regardless of whether there is one mortgage or two, regardless of how much you owe the bank or the condition of the property, a… Read more »
REAL ESTATE LAWYERS With interest rates at an all time low, there has never been a better time to refinance. Many mortgage brokers and lenders are offering borrowers refinancing rates as low as 2.25 percent and little to no closing costs. You can even qualify for a reissue credit, which may save you thousands in… Read more »
SOUTH FLORIDA REAL ESTATE ATTORNEY Buying a home? 30 year mortgage rates are up across the country to an average of 4.02%. Government research reveals that steady job growth over the past year has lifted the housing market making home sales surge. A year ago, the average on a 30-year fixed mortgage was 4.14 percent and… Read more »
SOUTH FLORIDA SHORT SALE ATTORNEYS PROTECTING YOUR INTERESTS IN A REAL ESTATE TRANSACTION Property values and real estate sales in South Florida and across almost all parts of the country are thriving. However, for a select few, short sales still linger. Many lines of credits with ten-year and 5-year maturity dates are beginning to mature,… Read more »
SOUTH FLORIDA REAL ESTATE AND MORTGAGE CLOSING LAWYER If you are buying a house in 2019, there is great news. Mortgage rates have dropped. For a 30-year fixed rate, interest rates are as low as 4/25%. And a 15-year fixed rate mortgage on a loan is as low as 3.75%, as of January 7, 2019. Don’t While…. Read more »
Hard to believe that with the double digit increase in real estate values in Florida, many homeowners still find themselves underwater with their mortgages, but this is a fact. Victims of overextended credit limits, overinflated home appraisals during the mortgage crisis, and rising taxes and forceplaced insurance, has caused many homeowners to simply not be… Read more »
