Sarasota real estate sees banks tightening mortgage lending as house hunters forced to “get real” about affordability. Remember when house buyers could wink and nod and buy $200,000, $300,000 or $1,000,000+ homes without verifying income, assets or job? Those “no income; no job; no asset verification” loans affectionately became known as “NINJA” or “Liar” loans. [...]
Sarasota Real Estate – Savvy homeowners know the secret to paying off a 30-year mortgage in just 15 years, saving $1,000s in interest payments…and best of all they did not double up their mortgage payments or refinance. Does this sound too good to be true? Maybe it does; maybe it doesn’t. In just a moment, [...]
Sarasota foreclosures do NOT have to destroy a neighborhood aesthetically or financially as abandoned properties “stink up” the neighborhood, causing values to plummet even more quickly than invading mold, disrepair & community outrage. Debt owners could/should reduce the principal and modify the mortgage based on today’s values. Or else…. What’s the “…or else?” Even [...]
Sarasota realtor reminds home buyers to perform due diligence on property and neighborhood before inheriting problems affecting property value and standard of living. I understand, you’re excited about your “dream home” and due diligence is boring. You absolutely LOVE the pool. The kitchen and master bath couldn’t be more beautiful…. Whether the roof or the [...]
Sarasota homes for sale face even stiffer uphill battle, as Florida’s politicians allow insurance companies to raise homeowner insurance premiums whopping 33%! Helping struggling homeowners avoid foreclosure is what a few other realtors and I do. We’re committed to HELPING people. Okay, so why would Florida’s politicians vote for 33% homeowner insurance rate hikes during [...]