President Announces Making Homes Affordable Program Update.

April 30, 2009 at 7:52 pm | In Real Estate News, Sarasota Florida Real Estate | Leave a Comment
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The Making Homes Affordable Program (MHA) has a recent update, announced April 28, 2009 by the White House. The program offers addressing the Second Lien Program and Support for Homeowners.

The Second Lien Program will reach 1 to 1.5 Million Homeowners to reduce loan interest, pay for success incentives and a payment schedule for extinquishing second mortgages.

The Support for Homeowners Program includes making the home affordable by requiring servicers to refinace in tandem with MHA trial modification, pay for success incentives, more principal writedowns, legislation to help homesowners, and U.S. Treasury purchase of special Ginnie Mae Pools to provide liquidity.

Both of these programs need to pass the U.S. House of Representatives and the U.S. Senate.

Sarasota County Florida Real Estate Deals.

April 30, 2009 at 7:32 pm | In Real Estate News, Sarasota Florida Real Estate, Sarasota Lifestyle | Leave a Comment
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There are some really Great Deals for single family homes and condos in Sarasota County Florida. Yesterday, we put an offer in on a Beautiful Single Family Home of 1,800 square feet with 3 Bedrooms, 2 Bathrooms, a Lanai and 2 Car Garage built 3 years ago that sold three years ago for $300,000. There were many offers on this Bank Owned Property as it was listed for $72,000. We will find out at what price the property sold when the contract finally closes. Now is the time!

Sarasota Florida Real Estate Sales for March Up 80%.

April 4, 2009 at 5:23 pm | In Real Estate News, Sarasota Florida Real Estate, Statistics | Leave a Comment
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March 2009 Real Estate sales of residential and condo properties jumped to new levels offering the best report since 2006. Residential sales increased 80% in year to date sales and total listings dropping 2%. Condo sales increased 88% in year to date sales and total listings dropping 12%. With interest rates at record lows, great property prices, and a excellent inventory, what a great time to buy!

Sarasota Florida Association of Realtors Report Pending Sales Highest In Three Years.

April 2, 2009 at 7:22 pm | In Real Estate News, Sarasota Florida Real Estate, Statistics | Leave a Comment
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In February, pending sales of homes and condos in Sarasota, FL rose to the highest level in three years, reaching 782. Clearly, single family homes led the way with 611 and condos reaching 171. This is a 19% increase over January.

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