Blog entries http://floridasunproperty.com/blog Fri, 30 Jul 2010 13:36:16 +0100 FeedCreator 1.7.3 http://floridasunproperty.com/blog/34-analysts-question-a-threat-by-fannie.html <p>Fannie Mae's decision to begin punishing people who walk away from their unpaid mortgages could prove difficult to sell to the public and might be impossible to execute per housing and lending experts.</p><p>The big mortgage financing company, which owns or guarantees millions of mortgages, announced recently that it would sue homeowners who have the capacity to pay but default anyway. It also said it would prevent these strategic defaulters from getting a new Fannie Mae-backed loan for sevenRead More... Deborah Prather Mon, 26 Jul 2010 19:24:33 +0100 strategic foreclosure miami forclosure http://floridasunproperty.com/blog/33-stop-foreclosure-with-short-sale-or-loan-modification.html <p style="line-height: normal; margin: 8.45pt 0in 10pt; background: white" class="MsoNormal">In the event you are denied a loan modification &amp; headed for Foreclosure, the lender will advise you to do a Short Sale (meaning your bank will accept a sale amount short of what is owed in order to avoid Foreclosure). If you can no longer afford your home the HAFA Program offers $3000 to help homeowner&rsquo;s transition to more affordable housing when property owners complete a Short Sale. Many ownRead More... Fri, 16 Apr 2010 13:58:30 +0100 stop forclosure Short Sale loan modification foreclosure http://floridasunproperty.com/blog/32-what-you-need-to-know-about-foreclosure.html <p style="margin: 0in 0in 0pt" class="MsoNormal">The Bank does not want to Foreclose on your property.&nbsp; Foreclosure is a court proceeding upon default in a mortgage that allows the bank to regain title to the property.<br /></p><p style="text-indent: -0.25in; margin: 0in 0in 0pt 0.1in; tab-stops: list .5in" class="MsoNormal">žž Foreclosure does not relieve you of your financial obligation. In FL Foreclosure Judgments are enforced at least 10 years including, but not limited to garnishment oRead More... Deborah Prather Fri, 16 Apr 2010 10:43:25 +0100 Short Sale miami foreclosure forclosure http://floridasunproperty.com/blog/31-short-sales-now-tax-free-for-homeowners.html <p>SHORT SELLERS CLAIM 1099 TAX RELIEF<br /><br />Homeowners who did Mortgage Work Outs or Short Sales,&nbsp;whose <u>mortgage debt was partially or entirely forgiven&nbsp;between 2007-2012</u>&nbsp;are able to claim special tax relief by filling out the revised Form 982 and attach it to the coinciding&nbsp;federal income tax return, according to the Internal Revenue Service.&nbsp;Legislation enacted in October 2008 <u>extended</u>&nbsp;the Mortgage Forgiveness Debt Relief&nbsp;Act of 2007&nbsp;Read More... Deborah Prather Wed, 17 Mar 2010 12:43:44 +0100 tax relief Short Sale mortgage relief http://floridasunproperty.com/blog/30-for-all-distress-sellers.html <p style="text-align: justify; line-height: 12.75pt; margin: 0in 0in 3.75pt; background: white" class="MsoNormal">Housing Downturn to continue - as your Distressed Sale Experts read valuable projections below.</p><p style="text-align: justify; line-height: 12.75pt; margin: 0in 0in 3.75pt; background: white" class="MsoNormal">&nbsp;</p><p style="text-align: justify; line-height: 12.75pt; margin: 0in 0in 3.75pt; background: white" class="MsoNormal">From DS News:</p><p style="text-align: justify; lRead More... Deborah Prather Wed, 24 Feb 2010 16:09:26 +0100 reo Real Estate miami foreclosure forclosure http://floridasunproperty.com/blog/29-raise-your-credit-score-to-740.html Lenders tightened credit requirements, getting a good interest rate - or a loan at all-requires an understanding of how the scoring system works. Mortgage rates have tumbled, yet many would-be buyers and refinancers are missing the chance to lock in loans at record lows because their score is too low to qualify for the best rates or too low to qualify for any loan at all. Lower scores mean higher rates; scores below 580, there is no qualifying which means missing out on what may be once-in-a-genRead More... Deborah Prather Mon, 04 Jan 2010 12:38:41 +0100 Real Estate miami Credit Score Credit Score