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Lake Magdalene Real Estate Blogs
"Low-ball" Offers Aren't Working[7 views]
A clear sign that the market is rebounding is when low ball offers from buyers no longer get the sale. It seems to have just happened overnight, but one day sellers are entertaining every offer that comes over & today, buyers are offering at or above ...
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When you’ve owned a home for many years, there’s a tendency
to overlook some improvements & repairs that need to me made. In this
competitive market, buyers can spot these oversights immediately. Recently, the University of Florida created ...
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As a means to avoid foreclosure, some homeowners may be
eligible for a loan modification. Contact your mortgage company to see if you
qualify. Usually the homeowner will have to be able to make their mortgage or
at least be very close to making it – ...
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Some homeowners have a situation where they are able to make
partial payments on the note. These homeowners may find it effective to rent
out the property. With the additional rental income, they are able to make a
full payment. While this seems like a ...
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In the last blog I discussed reinstating your mortgage by
paying the entire amount that is past due, plus fees, all at once. So how does
a homeowner avoid foreclosure if they cannot pay the full reinstated amount?
Some banks will allow homeowners to reinstate ...
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Reinstatement is a way for homeowners to avoid foreclosure. If a homeowners misses payments due to temporary circumstances & those circumstances have been resolved, the homeowner may qualify to have their mortgage reinstated. To reinstate, the homeowner ...
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What is a Short Sale?[48 views]
In some areas 50% or more of homes that are closing are
distressed, a short sale or foreclosure. By definition, a short sale is “a situation
where a borrower owes an amount on their property that when combined with
closings costs and commission is ...
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While it may seem like you’re on a sinking ship, there are
viable options for homeowners who can no longer make their payments. In the
next few posts I’ll be discussing these options in detail. No matter which
option you choose, always, always ...
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HOW CAN I CONTACT HUD?[52 views]
To
contact the Housing and Urban Development Department you can
visit the website at www.hud.gov . HUD has many offices around the country. You can get most information you'll need by visiting one of their offices or checking out the website. There ...
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HOW CAN I OBTAIN AN FHA-INSURED LOAN?[53 views]
To
obtain an FHA loan contact an FHA approved Lender such as a participating mortgage
company, bank, savings and loan association, or a thrift. The offers and
possibilities that you can get from the FHA. An FHA loan is more accessible to a wider range ...
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In addition to the mortgage loans that the FHA offers , they also insure loans for the purchase or rehabilitation of
manufactured housing, condominiums, and cooperatives. The FHA also offers
programs for urban areas, disaster victims and members of the ...
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WHAT IS A TITLE 1 LOAN?[58 views]
To make non-luxury renovations and repairs to your home, a Title 1
loan is used. This type of loan is given by your lender and is insured by the FHA. It offers
a reasonable interest rate for the homeowner and also a manageable repayment
schedule. The availability ...
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To help the borrowers save money in the future, the Energy
Efficient Mortgage or the EEM was developed. Borrowers save money by financing
the cost of adding energy-efficiency features to a new or existing home
purchase. Either the 203 (b) or the 203(k) ...
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Pizza $17,000 weekly sales - $275000 (New Port Richey Tampa
Bay Florida) Pizza Restaurant for sale in New Port Richey Tampa Bay
Florida. Take out, Delivery, & dine in does $17,000 weekly $900k
per year. Absentee run, makes lots of dough! 1/2 down seller ...
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Absentee Run Established Day Care licensed for 99 (can be 147
with additional plumbing) VPK, School Readiness, Food Program in place.
Director willing to stay on or bring your own Credentials. Accepts 2 wk to 12
yrs. Big shade trees in Playgrounds. Facilities: ...
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WHAT IS A 203(b) LOAN?[34 views]
The loan 203(b) is most commonly used FHA loan program. This
is the most popular loan of the FHA. This loan offers lower than usual
down payment and has flexible qualifying guidelines. Also this loan has
limited lender’s fees and also a maximum loan ...
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WHAT IS PMI?[32 views]
PMI is Private Mortgage Insurance / Insurer. Privately owned companies that provide insurance for mortgages. There are
different insurances available - standard and special programs for
borrowers. Also they provide rules and guidelines to the lenders regarding ...
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To answer
any question that you have regarding the HELP program from the FHA, you can ask
your lender or your real estate agent. They can provide you with all the
information that you may need in order to clear any questions that you have in
your head. ...
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DO I NEED MORTGAGE INSURANCE? [25 views]
The mortgage insurance will allow the
lender to make up for unintentional losses. Mortgage insurance is required for borrowers who put down less than a conventional 20% down payment. Depending on the lender & the borrower's financial situation, ...
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1. Many existing
Franchises have assumable SBA Financing already in place. 2. Site selection,
Build out and Lease negotiation have all been completed. 3. Business has a
track record, vs. a start up does not. 4. Staff has been trained and in most cases, ...
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There are some
similarities with mortgage insurance and other insurances; both have the requirement
that you pay a premium. This premium is for protection against loss and is also
used regarding emergency situations that need emergency expenditure. However, ...
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Pizzeria $900k grossing cash cow! Sales 35% pick up 25% delivery 35% dine in 5% catering, has
separate kitchen for pick, delivery.
Near Hospital, Apartments in anchored plaza. Seller owns 2 other business & works here part
time 25 hr week. Runs like ...
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WHAT IS MORTGAGE INSURANCE?[99 views]
Mortgage insurance is in place for the same reason health & car insurances are in place. Mortgage insurance is
policy that will protect the lenders from most of the losses that will
result from the defaults on the property mortgage. If the borrower ...
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If you can no longer make your monthly mortgage payment talk to your lender or an
approved HUD counseling agency. First you must keep living in your
home to qualify for assistance. Also you can call a HUD-approved counseling
agency who will be able to ...
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European
themed beer bar. Beer Lovers Paradise. Sales are 85% beer, 9% food 6% wine. 70+
seats + large covered patio, ample parking. Looks like a Franchise but its
independent. 2400 Sq Ft on end cap of Plaza. Near Major Concert Venue. 70 seats
inside, ...
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Blog Posts In Lake Magdalene
Areas A-Z
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- Cherry Creek0
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- North Tampa Heights37
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