by Fatima Khokhar | Nov 29, 2016 | Naples Area Market Conditions
The sixteenth year of the new millennium started with unfavorable stock market activity for much of January and February which negatively impacted the buyer behavior in our seasonal town. Buyers typically descend on our shores seeking to purchase property in the first...
by Fatima Khokhar | May 11, 2012 | Buzz Around Naples
The Founders Fund, a non-profit charitable organization recently hosted the Ed Brennan Memorial golf tournament at The Club Pelican Bay. Banquet attendees enjoyed a day of golf, cocktails, dinner and a live auction. The day was a great success as the tournament raised...
by Fatima Khokhar | Feb 21, 2012 | Buzz Around Naples, Global, International Travel
Ferrari , Porche, Bentley, Rolls-Royce, Maserati, Lotus.. the list goes on and on of the beauties that were on display at the 8th Annual Cars on Fifth in Naples on February 11, 2012. More than 450 exotic, classic, muscle and sports cars were on display along the 5th...
by Fatima Khokhar | Jul 12, 2011 | Banking And Finance, Buzz Around Naples
Figures from the National Association of Realtors for May 2011 are in and buyers who paid for their properties in CASH accounted for 30 percent of existing homes sales. Figures for buyers who bought brand new properties were not reported. Cash buyers have provided...
by Fatima Khokhar | May 2, 2011 | Buzz Around Naples
Are Naples area buyers aware that on October 1, 2011 Fannie Mae and Freddie Mac will reduce the maximum mortgage loan amounts from $729,750 to $ 625,000? The end result; a borrower seeking a government-backed mortgage for a $ 1-million property will be required to...
by Fatima Khokhar | Apr 16, 2011 | Buzz Around Naples, Fannie, Freddie and the Fed
Fannie Mae has launched a special offer for buyers who purchase a Fannie Mae owned home. Purchasers will qualify for up to 3.5% in closing cost assistance provided they meet the following qualifications: Buyers submit the initial offer after April 11, 2011 and close...
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...
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