WHY NOW IS THE BEST TIME TO PURCHASE A HOME IN FLORIDA!
In today’s real estate market, there can be many unknowns involved with the building of a new home. We would all love to build our dream home in our dream location, but today, you can get more for your money buying a completed, brand new home, and quickly build equity. Finding a new "Move Right In" existing home may just be the best option today, and here are a few reasons why…
Price
Location
Listed below are some statistical facts on being a homeowner and why there is no better time to buy than NOW!
1.)Interests rates currently are still low, on a par with interest rates in the 1960s. And thanks to the Fed’s recent rate cut, we’re already seeing lower rates on home equity and mortgage loans, including jumbo loans. The Fed’s action effectively increases the number of home buyers able to make a purchase, which should increase demand, and also help support home prices. Home prices continue to stabilize, inventory is plentiful and home buyers have lots of options.
2.)Home Ownership has value: Realtors believe… and research supports that belief … that home ownership provides a variety of benefits, tangible and intangible, to the community as well as the individual homeowner. Studies show that home equity is still the largest single source of household wealth, both for the individual homeowner and for homeowners as a group. Home value is the most important single aspect for homeowners.
3.)Owning a home leads to increased personal wellbeing. Research shows that people who own their own homes tend to show higher levels of personal esteem and life satisfaction, which in turn helps to make homeowners and their children more productive members of society.
4.)Studies show that children raised in homes owned by their families are more likely to stay in school and more likely to graduate high school. They’re also shown to have a higher lifetime annual income. People who own homes have a strong financial stake in what happens to their community and tend to become more involved in community and civic affairs. Studies show that homeowners also interact with their neighbors to gain wider influence over their neighborhoods and communities.
5.)Homeowners join up to 41 percent more civic and/or nonprofessional organizations than renters, such as the PTA or Scouts; vote in local elections 15 percent more often; enhance their neighborhoods with gardens 12 percent more often; attend church about 10 percent more often; and have a 3 percent greater chance of being interested in public affairs.
2007 Florida Association of Realtors® (FAR) President Nancy Riley says, "Florida Realtors know buying a home is a very personal investment
Over the past five years, the average homeowner has seen an increase of 50 percent in value, according to the National Association of Realtors® (NAR). Here in Florida, the statewide median home price has shown an increase of 52.5 percent from November 2002 to November 2007, according to FAR records. NAR housing industry analysts project that prices will rise about 2 percent next year, and in coming years, average home price appreciation should return to historical averages of around 6 percent.
6.)Florida is a great place to live and work. According to Enterprise Florida Inc., the Sunshine State has one of the nation's strongest tourism industries; it is fourth in the nation in high-tech jobs; is the third largest exporter of high-tech goods and services; and is ranked as one of the best states in the nation to be an entrepreneur.
Orlando-based economist Dr. Hank Fishkind recently said in several media reports he believes that "the worst of the so-called housing crisis has probably been mitigated by the actions of the Fed. Recovery will take a while, but it has begun." Another economist, Dr. Lawrence Yun, chief economist with the National Association of Realtors, predicts that the Florida housing market will get stronger in 2008 and will be booming again by 2010.
And let’s not forget the things that brought people to Florida in the first place, and will continue to attract them
WHAT IS A SHORT SALE?
Many owners holding adjustable rate mortgages (ARMs) or interest-only loans are facing higher monthly payments. If market prices have declined as well, a seller may have no equity in the home
Stop Foreclosure & Save Your Home.
IMMEDIATE EMERGENCY HELP!
Options that may be available to you:
ØRepayment Plans w/your lender
ØAvoid Bankruptcy
ØNo Equity or Credit Needed
ØPrivate Money
ØFast Cash, Sell Quickly
ØBailout Loans Possible
ØCredit Restoration Available
Our Company Specializes in Helping Homeowners Who are Having Trouble With Their Mortgage payments. We Can Help You Stay in Your Home or Assist You If You Need To Sell Quickly.
Don’t File For Bankruptcy OR
Deed Your Home Unnecessarily to Investor’s Who Are After
Your Hard Earned Equity!
Learn the Common Mistakes Made by Homeowner’s in Default.
___________
KNOW
The
FACTS
Common Myths most people believe will
SAVE their HOME from FORECLOSURE.
The Myths
1 – Refinancing
2 – Filing Bankruptcy
3 – Listing with a Realtor
4 – Investors
5 – Ignoring it
Life has a way of sneaking up on us sometimes. Due to no fault of our own, we find ourselves unable to keep up with our monthly mortgage obligation.
The last thing you need is some slick talker trying to take your house out from under you. With public records so easily accessible these days, it’s no wonder all these people are coming out of the woodwork.
As a homeowner you need to hear the facts, not promises. You need to know the truth that will set you Free from Foreclosure.
Myth # 1- Refinancing
There is a possibility of refinancing provided the homeowner is credit worthy and that the Loan-To-Value (LTV) isn’t too high for a lender to grant a new loan. Many times a person can refinance, lower their monthly payment and sometimes even get some cash back. Beware though; if a court date is pending do not rely on this as your only way to avoid foreclosure. You must remain pro-active when using this technique. There are some loan officers who will promise a homeowner they can refinance, but then will wait right up until the day before the sale and tell them it didn’t work out. Now the homeowner is unfairly forced into making a quick decision usually with no where to turn.
Myth #2 – Filing Bankruptcy
A homeowner can file bankruptcy, but they will find themselves having to make their house payment and their bankruptcy payment. If they do not keep up with all the payments, their home can still be foreclosed on. The lender can file a “Stay of Relief” and continue forward with the foreclosure. The total arrearages will become due at that time. Remember also when a homeowner files bankruptcy they are usually putting more than their house debt into the payment so it’s going to be a large monthly obligation along with whatever attorney fees are being charged to set up the bankruptcy. A bankruptcy will be reported to all credit agencies and remain on your credit for up to 10 years.
Myth #3 – Listing with a Realtor
In today’s market many Realtor’s will not list your home if a foreclosure sale date is pending. A realtor may feel they do not have enough time to advertise or sell the home under these circumstances. However we can help you with our experts at "Save Our Home From Foreclosure, LLC," and you can still list your house and avoid the foreclosure.
Myth #4 –Investors
Some folks are asked to sign their deed over to an investor with the hopes of stopping the foreclosure only to find themselves in worse shape and more debt. We can assist with our private money investors that will look out for your best interest and help you keep your home with no hidden agendas. This could enable you to make up your back payments and fully reinstate your loan. There are other possible creative options that may help you remain in your home and help you get back on your feet.
Myth #5 – Ignoring it
As much as we wish this would work, it won’t make things go away. Your lender could also file for a Deficiency Judgment against you.
THE TRUTH OF THE MATTER IS:
There are many options for a homeowner is fighting to keep their house. Through the process of Loss Mitigation our highly qualified team of Certified Loss Mitigation Specialists will negotiate on your behalf directly with your lender to resolve your foreclosure issues and Save Your Home! We work for you, NOT your Lender. Remember, we are on your side, TIME IS NOT!
For a No Obligation Free Consultation call (727) 209-0372 to speak with one of our Certified Loss Mitigation specialists today!.
Staff Profiles | Foreclosure Relief | Find A Realtor | Commercial Loans | Credit Repair | Home | Bankruptcy | The 'LoanXperts' Blog
Copyright © 2010 Meridian FinancialPortions Copyright © 2010 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
