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Underwater Mortgages in Florida – Finally, Help Arrives as Chase and Bank of America Start Offering Modications of Select Risk Home Loans – Do You Qualify?

Would you like your mortgage to be cut in half? Well, for many mortgage holders of  home loans held by Bank of America and JP Morgan Chase, it just might happen.  This week, the New York Times reported that these two banks, two of the country’s biggest lenders,...

Florida Property Insurance Hikes – Is This the Last Straw for Many Florida Homeowners With Underwater Mortgages?

In yesterday’s Miami Herald, there is a report of a St. Lucie West homeowner who just received his property insurance premium bill and discovered that it has jumped from $1092 to $2715; the news story does the math – that is a 152% increase for this...

The Catch-22 of Trying to Sell Your Home in Florida: Prices Going Down, Buyers Can’t Find Home Loans – But Things May Be Changing

Standard & Poor’s is an internationally-recognized financial markets analysis company, providing a number of research statistics and indices to help measure what is happening in the American economy.  You may recognize its stock index, the S&P 500, which...

RealtyTrac Debuts New Service – Ratings on Investment Potential of Florida Foreclosure and Short Sale Properties

RealtyTrac is an online provider of real estate information, covering both properties that are for sale as well as homes under foreclosure and available for short sale. It makes its money through memberships, and while there are some negative reviews of...

Zillow Research Reveals Florida Fair Market Home Values Falling, Underwater Homes Rising: Will You Walk Away From Your Mortgage?

Zillow, Inc. is a Seattle company which has successfully built a nationally respected real estate research website, Zillow.com, where Zillow accumulates and provides at no charge both estimates of property values as well as detailed listings of real estate for sale...

Did You Get Scammed by a Florida Loan Modification Company? What You Can Do, Plus Florida AG Goes After 3 Delray Beach Companies for Fraud

Florida homeowners that get behind on their home mortgage payments aren’t stupid: they fear a foreclosure in their future.  Usually they consider asking the bank to make a new deal, with terms that are easier for the homeowner to bear in this harsh economy....