News

Home buyer tax credit nears

Sun Sentinal Real Estate News - Mon, 03/08/2010 - 17:41

April 30 is deadline for home buyers to get tax credit

Barbie Villacis and her boyfriend are getting panicky.

Loan modifications made easier

Sun Sentinal Real Estate News - Mon, 03/08/2010 - 16:58

The government's Home Affordable Modification Program sounded good, but it hasn't been as much of a success as first thought, in part because of the red tape involved in the application process.

To walk or not to walk: underwater homeowners face dilemma

Sun Sentinal Real Estate News - Fri, 03/05/2010 - 20:45

Michael Keigans is "underwater" on his mortgage, owing $80,000 more than his Deerfield Beach house is worth.

Florida gets $418 million for distressed homeowners

Sun Sentinal Real Estate News - Fri, 03/05/2010 - 15:47

Florida was awarded $418 million of federal stimulus spending on Friday to help homeowners who are unemployed or who owe more on their mortgages than their homes are worth.

Senators narrowly reject insurance watchdog's proposal

Sun Sentinal Real Estate News - Fri, 03/05/2010 - 11:18

The Florida Senate's insurance committee narrowly struck down a proposal from Insurance Consumer Advocate Sean Shaw this week that would allow his office to participate in insurance rate hearings.

Ask a real estate pro: Why aren't lenders lending?

Sun Sentinal Real Estate News - Fri, 03/05/2010 - 08:24

Louis Spagnuolo of WCS Lending in Boca Raton answers questions from readers. To ask a question that Louis may answer next week, click here.

Most South Florida condos reselling for less than $250,000

Sun Sentinal Real Estate News - Thu, 03/04/2010 - 20:19

More than two-thirds of the 41,000 condominium units and town houses available for resale in South Florida region have an asking price below $250,000

More than two-thirds of the 41,000 condominium units and town houses for resale in South Florida region have an asking price below $250,000.

Pending home sales decline nationally but outlook sunnier in South Florida

Sun Sentinal Real Estate News - Thu, 03/04/2010 - 13:00

Pending home sales nationwide took a dive in January, and the brutal winter up north is a big reason why.

Lenders realizing benefits of short sales, firm says

Sun Sentinal Real Estate News - Wed, 03/03/2010 - 12:27

Are banks finally realizing that short sales are a better option than foreclosure?

Obama spells out energy-efficiency rebates

Sun Sentinal Real Estate News - Tue, 03/02/2010 - 22:07

SAVANNAH, Ga. (AP) — Sounding a familiar clean-energy theme, President Barack Obama on Tuesday announced details of a proposed energy rebate program he hopes will spur demand for insulation and water heaters — and jobs for hurting Americans.

Holding banks accountable in foreclosure sales

Sun Sentinal Real Estate News - Tue, 03/02/2010 - 19:59

Can Florida banks be held financially accountable for purposely delaying condo bank foreclosure sales? A new South Florida circuit court ruling says yes.

FPL outages were slightly longer last year

Sun Sentinal Real Estate News - Mon, 03/01/2010 - 18:35

Florida Power & Light customers were without power 82.4 minutes on average last year -- slightly more than the 81 minutes they were in the dark in 2008.

New home sales plummet 11.2 percent in January

Sun Sentinal Real Estate News - Mon, 03/01/2010 - 14:19

WASHINGTON (AP) — Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades.

Can I record my condo board meetings?

Sun Sentinal Real Estate News - Mon, 03/01/2010 - 01:00

I recently received a call from a reader asking whether condo owners had a legal right to videotape association board meetings? Lights, camera and action - the answer is a resounding yes with a few reasonable restrictions.

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Numbers raise hope that market is stabilizing

Sun Sentinal Real Estate News - Fri, 02/26/2010 - 19:41

South Florida's troubled housing market finally is showing signs of hitting bottom. Or at least getting close.

Hundreds attend mortgage seminar

Sun Sentinal Real Estate News - Thu, 02/25/2010 - 20:42

Neighborhood Assistance Corp. of America event matches borrowers with lenders

The monthly mortgage payment on Maria Segovia's Fort Lauderdale home jumped from $745 three years ago to more than $1,500. That's when she stopped paying. Just about the same time as her hours at her full-time job were reduced, her part-time job was cut back and she got a divorce.

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