by Fatima Khokhar | Jan 16, 2011 | Banking And Finance, Naples Area Market Conditions
In late September 2010 several lenders abruptly halted their sale of foreclosures to review thousands of legal documents for errors and inconsistencies. Evidence surfaced that lenders and their associates had been approving the sale of foreclosures for thousands of...
by Fatima Khokhar | Dec 15, 2010 | Business
Florida Realtors has reported the sale of existing single family homes throughout Florida rose 24 percent in the first quarter of 2010 as compared to the same time period in 2009. A total of 38,846 single family homes were sold statewide in Q1 2010 as compared to...
by Fatima Khokhar | Nov 22, 2010 | Banking And Finance, Naples Area Market Conditions
The housing market continues to attract daily attention from national news outlets. A breakdown of the major components affecting the market as a whole and in our area is included. A short and sweet (ish) report may be all that we can handle when the allure of...
by Fatima Khokhar | Nov 19, 2010 | Buzz Around Naples
For some of us there’s nothing more thrilling than the aroma of roasting turkey and warm pumpkin pies in our own kitchen on Thanksgiving Day. For some of us there’s nothing more thrilling than going out for dinner, so we can pile on ham and three kinds of potatoes as...
by Fatima Khokhar | Nov 16, 2010 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
The credit crisis annihilated the jumbo loan market. Banks simply stopped making loans available for “expensive” homes”. Jumbo mortgages by definition are those that are too big to be bought by government-backed agencies, such as Fannie Mae and Freddie Mac. The...
by Fatima Khokhar | Nov 1, 2010 | Banking And Finance, Naples Area Market Conditions
Will we ever get tired of hearing that real estate prices are falling? Not really, especially if you are looking to take your cash and jump into the landlord game. Need to finance your investment? Then the condo game in Florida may not be worth your while. In this...
by Fatima Khokhar | Oct 19, 2010 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
WASHINGTON – Oct. 18, 2010 – Recent revelations about mortgage lenders filing possibly faulty court papers to foreclose on homes has sparked a public outcry and called into question tens of thousands of foreclosures. Q: How did this come to light? A: Lawyers for...
by Fatima Khokhar | Oct 4, 2010 | Banking And Finance, Naples Area Market Conditions
Since the housing bubble burst, appraisers have come under intense pressure for failing to account for actual market conditions. And while a new home valuation code of conduct was enacted in 2008 by Fannie Mae and Freddie Mac, controversy over home values still...
by Fatima Khokhar | Sep 9, 2010 | Remodel & Renovate
Whether you’ve chosen to remodel based on your favorite HGTV show or to increase the potential sales price of your abode, there are a few crucial points to keep in mind before hammers get swung. Proof of Insurance You need to see actual proof of the contractors’...
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