Catfish Wanted for Pinellas Foreclosures
September 4th, 2009 categories: Get Ridiculously Happy, Rave Business Reviews
If you’ve been on the hunt for Pinellas foreclosures lately, you’ve probably seen more than your share of green swimming pools full of disgusting muck. It seems that in Wellington, Florida the city has come up with a solution: CATFISH! Or pleco algae-eating fish. It seems that about 15 fish will clear up a pool in no time for just a few dollars. Who knew?! See story here.
By the way, if you need a knowledgable, dependable, reasonably priced pool guy, call Marty at Bayside Pools in Dunedin at (727)360-7494.
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Palm Harbor Waterfront Homes: HURRY on this 4/3/2 Fully Updated Gem with Dock, Covered Lift & Pool! Offers due by Aug. 7th at 12PM! May the Best Man (or Gal) Win!
July 22nd, 2009 categories: Palm Harbor Homes, Pinellas Foreclosures and Short Sales, Pinellas Waterfront Homes
Looking for a spectacular piece of waterfront Palm Harbor Real Estate at a Palm Harbor foreclosure price? Look no further! This 1,960sf Palm Harbor short sale is just about to hit the open market again at only $299,123! Note this property had 5 offers in 2 weeks when first introduced in April. However, it’s your lucky day .. the original buyer’s plans changed and so now your dream can be a reality. Call Julia at (727)366-0324 or contact us for details and to arrange your private viewing. No showings until Saturday, July 25th, and all offers must be received by August 7th @ Noon.
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Understanding Pinellas Foreclosures and Short Sales: A Glimpse into Murky Waters
July 19th, 2009 categories: Pinellas Foreclosures and Short Sales, Stop Tampa Bay Foreclosure
There’s some great news for buyers looking for Palm Harbor foreclosures AND some promising news for Dunedin home owners in trouble – IF their loans happen to be backed by Fannie Mae. This post will address the plans that are in play to simplify the Pinellas short sale approval process and hopefully modify or refinance some of the many troubled mortgages throughout Pinellas, Hillsborough and Pasco Counties.
WARNING: This post is just a snippet of the legal options available for troubled homeowners and for Tampa Bay investors looking for a new home.
The Pinellas Peach has compiled these Federal and Fannie Mae Resources for those facing Tampa Bay foreclosures, and our two cents worth on some.
The Fannie Mae Loan Lookup can help you determine if Fannie Mae is the investor on your mortgage. This Borrow FAQ is worth a read and explains why you may care.
Federal Financial Stability Plan includes press releases from the U.S. Treasury Department’s Financial Stability Plan, including press releases on the second lien program and foreclosure alternatives for short sales. If you’re considering a Palm Harbor short sale, please note that much of this reads like an Infomercial and much of the good news bantered about has thus far failed to materialize for homeowners in any significant manner or number.
The Making Home Affordable Program features Fannie Mae Affordable Refinance options and the Making Home Affordable Modification Program. This month, a client friend of ours was actually able to make a Fannie Mae backed loan modification work – and he did it all by himself! This is the ONLY instance we’ve heard of where a Read the rest of this entry »
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FHA Loans for Pinellas Home Buyers
July 1st, 2009 categories: Mortgage Updates
If you’re looking to finance a Pinellas short sale or Pinellas foreclosure and have 3.5% for a down payment, then an FHA loan is your ticket to home ownership. The FHA is not a lender, nor do they set interest rates. The Federal Housing Administration is a federal government agency (a division of the U.S. Department of Housing and Urban Development, or HUD), that offers mortgage insurance on loans originated by their approved lenders. In a nutshell, it’s insurance that protects the lender in case the borrower defaults.
The FHA was created in 1934 after the Great Depression, and was widely popular until recent years when subprime lenders offered something seemingly better: artificially low interest rates, no-interest payments and a false dream. Daily, lender requirements are becoming more and more stringent, and, as a result, FHA loans are once again commonplace and the only vehicle for many to own their Duendin homes.
Advantages of an FHA loan include:
- low 3.5% down payment and closing costs
- gifts from family members, employers or charitable organizations are welcomed
- minimum credit scores are lower than for conventional loans
- lenders will consider payment of rent, utility bills and auto insurance premiums when evaluating the applicant
But Whoa! Hold on, there’s a tiny downside …. Read the rest of this entry »
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Pinellas Real Estate Sales as of August 2008, The Good, Bad and The Ugly
October 28th, 2008 categories: Pinellas Market Statistics
Do you want to know what’s really happening with Pinellas Real Estate? Want to avoid the sugar-coated smooth talk and just want honest answers?
Suncoast Partners and The Pinellas Peach take pride in providing meaningful knowledge, insight and data to assist you with making informed Pinellas real estate investment decisions. Above is our first monthly installment of data that’s seemingly too difficult for the educated Pinellas real estate consumer to find these days.
PRO, The Pinellas Board of Realtors, dispenses boat loads of data each month. Some meaningful and some, quite frankly, will put even the most analytical types to sleep. ZZZzzzzzzz. We’ve assembled the parts we believe are important, but we need you to please let us know what you like, don’t like, and what data, if any, you would like to see that’s not here.
This data shows us that for Pinellas home SELLERS (reverse this if you’re buying or buying up):
The Good :
- Just as many homes are selling this year as last year.
- The number of homes on the market has declined slightly, which is good news for everybody because it’s an indicator that we’ve got fewer non-serious sellers.
- Our MSI (Month’s Supply of Inventory) numbers are down significantly for single family homes and down slightly for condos – a healthy sign toward market correction.
- In August we saw the lowest ‘Days on Market’ numbers we’ve seen in months. Homes are selling more quickly than they were earlier in the year.
The Bad:
- Prices are down significantly from last year – roughly 14% for single family homes and 22% for condos. Keep in mind this is just a snapshot for the past two months over last year. The thing I hate about statistics is that one can slice them and dice them to suit just about any purpose, but know that the numbers being bantered about by those in the know is that Pinellas home prices have come down about 16% in the last year.
- Prices are still declining as the Palm Harbor foreclosures and Dunedin Short Sales continue to pop up. (The rate at which that is happening and what we expect to happen is subject matter for another post).
- These low interest rates aren’t going to last forever (they were already up again to between 6.5% and 6.75% today), so it’s going to continue to get harder and harder to find qualified buyers to buy your Ozona FL home. If you’re considering a purchase, it’s time to get your game shoes on (yet another subject for another post).
The Ugly:
Tricked ya! Happy Halloween! There’s nothing ugly about real estate as long-term investment, a great tax write-off, and most importantly, a place to call home sweet home.
Remember, tell us what you think. Your opinion matters!
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Give Us 1/2 hour and We’ll Share Exciting Investor Secrets to Save Huge Money Buying Your Next Pinellas Home
November 26th, 2007 categories: Pinellas Foreclosures and Short Sales
For you to save huge money when buying your next Pinellas Home all you need is a desire to:
- Get in on the investor secrets that are on target to make the smart Pinellas Homes investors a huge profit fast
- Beat the system
- Snag a fantastic deal on that Dunedin luxury home you’ve always dreamed about
Do you want to make such a huge profit that you won’t care what the property taxes are being dealt by Jim Smith and crew at the Pinellas County Property Appraiser’s office?
You can do all of this for FREE!
The best part is that almost anybody can do it! You just need a few bucks and average credit.
Learn these secrets and be that guy or gal lounging by the pool at Innisbrook Golf Resort and gleefully picking up the tab at all of the finest Palm Harbor restaurants for your friends and family?
- You don’t need to have a stockpile of cash or tons of experience to get in the game!
- It’s simple and easy if you find the right team to help you.
You’ve probablly heard the buzz about buying foreclosures and auction properties, where you sometimes need all cash to get in the game. What’s the real secret to the really good deals?
Buying Pinellas Short Sales … Buying Pasco short sales … buying any short sale! The best part is, you can buy them with regular lender financing!
What’s a short sale and how do I buy one? Stay tuned for my next post.
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