Real Estate

Florida Home Prices Flat Month Over Month – Average St Augustine Price Listings at $264,000

02/19/2012
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Since July of 2007 home prices have dipped in almost every region of Florida.  Zillow.com reports that average home prices in the southern state have stabilized in the last several months.  When comparing December 2011 to November of 2011 prices have seen a slight increase of 0.1%.  Although this is not a big number...
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January 2012 Retail Sales Increase 0.4% After Flat Holiday Spending in December

02/15/2012
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In the month of January 2012 consumers spent more money on electronics, sporting goods, and home & garden supplies at department and small and large format general merchandise stores.  Data also showed that consumers spent more at restaurants and bars.  The retail sales report is the first economic indicator that investors get to see...
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Underwater Mortgage Refinancing Options From HARP–Why Some Homeowners May Not Benefit

11/19/2011
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Recent changes to the Home Affordable Refinance Program are hoped to bring benefits to the homeowners who have been struggling with negative equity over the past months or even years, but there are some aspects of this plan, which are predicted to help less than 1 million homeowners, but may still prevent some from...
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Using 401(k) Loans When Refinancing–Homeowners Apply Cash Towards Mortgage Principal But Drawbacks May Arise

11/16/2011
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Over the past months we have seen some workers borrow money from their 401(k), in the form of a 401(k) loan, for various purposes and, in some instances there have been homeowners who have used funds from their retirement as a way to apply money towards their mortgage principal at the time of refinancing...
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Homeowners Missing Mortgage Payments And Falling Behind Increase But Will Problems Continue?

11/15/2011
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Reports from the third quarter have indicated that there is data to show some homeowners are falling behind on their mortgage payments as delinquencies did increase, which has given some mixed opinions to the topic of mortgage delinquency as some officials feel that these problems that recently arose in terms of homeowners missing payments...
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Citigroup Sees Some Positive Numbers In Foreclosures For Homeowner Seeking Federal Aid On Mortgage Payments

11/11/2011
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Citigroup homeowners who were pursuing a federal home loan modification, in some situations, have fallen into foreclosure but according to the most recent Treasury Department reports that were released here in November more positive data has been seen. While foreclosure starts and completions are something that countless homeowners are attempting to avoid, it does...
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New Buyers And Refinancing See Increased Numbers As More Homeowners Seek To Take Advantage Of Lower Rates

11/11/2011
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It was reported that activity in the housing market showed some improvement for the week ending November 4 as both mortgage applications and refinancing activity increased amid drops in rates that have been seen on home loans, and this has given some a positive outlook in terms of how consumers are taking advantage of...
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Home Affordable Alternatives Program For Wells Fargo Sees Increases For Financially Troubled Homeowners

11/10/2011
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Wells Fargo homeowners who may be in a situation where financial distress is present and negative equity happens to be a problem have, in the past, turned to short sale and deed in lieu of foreclosure plans as a way to help them transition from their home when these problems are in place, and...
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Bank of America Foreclosures In Federal Modification Program Increase–Homeowners Seek Alternative Foreclosure Prevention

11/09/2011
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Bank of America foreclosure prevention assistance has come quite often through the federal modification program but homeowners who have either been denied modification assistance or had their trial modification canceled by Bank of America saw increases in the number of foreclosure starts and completions between July and August of 2011. This information on homeowners...
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Foreclosed Homeowners Seeking A Review May Have Options But Questions Remain Over Helpfulness Of The Process

11/09/2011
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Homeowners who have faced foreclosure and feel that a review may have been in their favor or are questioning whether their bank properly adhered to foreclosure practices when specifically looking at their case have seen that the Office of the Comptroller of the Currency has recently released information regarding foreclosure reviews in cases where...
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