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Archive for January, 2008

Best Home Buys in Seminole County Florida

Seminole County is located in the Greater Orlando Florida area and boosts some of the premiere neighbors in Central Florida. 
One of my favorite neighborhoods is Alaqua which is a gated, golf community in Longwood, Florida.  All homes are custom built and most are on 1+ acre.  Alaqua Country Club is located within the gates [...]

Lift in Cap on Conforming Loans

This is big boost from the Federal Government to help our market.  We’ve been seeing quite a difference in the rates between conforming and non-conforming “Jumbo” loans.  This measure is another reason it’s a great time to buy!
House OKs Lift on Fannie, Freddie Loan Limits
The economic stimulus package hammered out between the White House and Congress on [...]

New Federal Mortgage Forgiveness Debt Relief Act of 2007 Gives Home Buyers The Edge

In December Congress passed sweeping legislation intended to help home sellers with foreclosures, short sales, deed in lieu of foreclosures, and loan modifications.  Prior to this bill discharged debt had been considered ordinary income to the borrower for income tax purposes.  Under certain circumstance (see below) taxpayers may now exclude this amount and the associated [...]

Maneuvering Through the Mortgage Maze

I came across an excellent web site today that offers a wide range of advice and solutions to common, and not so common, mortgage questions.  They call themselves the “World’s Largest Mortgage Community” and can be found at http://www.mortgagefit.com/ .
Included is a very active forum where community members can post questions or comments, and one of [...]

Over 8,000 Pre-foreclosures in Orange County – Great Time to Buy a Luxury Home!

Today Foreclosures.com lists 8550 residential properties (1 – 4 units) that are in the pre-foreclosure stage in Orange County, Florida.  As I wrote in my Jan. 16th post, this is a wonderful opportunity to get a great deal. Many incorrectly think that foreclosures mostly affect the entry level market, when in fact, they affect all [...]

Over 2,000 Pre-foreclosures in Seminole County – Great Time to Buy a Luxury Home!

Today Foreclosures.com lists 2219 residential properties (1 – 4 units) that are in the pre-foreclosure stage in Seminole County, Florida. As I wrote in my previous post, this is a wonderful opportunity to get a great deal. Many incorrectly think that foreclosures mostly affect the entry level market, when in fact, they affect all price [...]

Pre-Foreclosures offer an Opportunity for Orlando Area Home Buyers

There is a lot of hype about buying homes that have been foreclosed.  This is the situation where the lender/bank has taken possession of the home by judicial order for non-payment of the loan.  Although there is an opportunity to get a good deal, I recommend looking at property that is in the pre-foreclosure stage [...]

Homes Sales Decline 35% in Heathrow, FL

68 Homes were sold in Heathrow, FL during the 1st half of the year.  Activity declined sharply in the 2nd half, with the total sales being 44 homes sold.  The Heathrow community is comprised of both custom and semi-custom homes.  Custom homes typically command a higher price per square foot because they are more expensive [...]

Heathrow, FL’s 2007 Highest Priced Semi-Custom Homes Sold Located in Kenford Gardens

Heathrow, FL’s  2007 Highest  Priced Semi-Custom Homes Sold Located in Kenford Gardens
This is Part 2 of 2007 Heathrow, FL Real Estate Sales
I gave a brief description of Heathrow in my previous post which dealt with 2007 Heathrow custom home sales. In addition to the 51 custom homes sold in this golf course community, 61 semi [...]

Heathrow Woods leads 2007 Heathrow FL Custom Home Sales

This is Part 1 of 2007 Heathrow, FL Real Estate Sales
Heathrow is a lovely, gated, golf course community located north of Orlando, FL. It consists of custom and semi-custom single family homes, condos, and townhouses.  112 single family homes were sold in Heathrow in 2007, or which 51 were custom homes and 61 were semi-custom [...]