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6021 Midnight Pass Rd, Sarasota FL, 34242
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November 2012

Found 4 blog entries for November 2012.

October Stats Shows Sarasota Home Sales Going Strong

October 2012 marks a great month in Sarasota real estate sales. Home sales are up 24% over last year. Pending sales are also up 24% for the same period. Single family home prices have jumped 17% in the past twelve months while Sarasota condominiums have increased by 11%. The amount of inventory available is at its lowest level since 1998. Sales are going strong into the winter sales season after a brisk summer and steady autumn.

A year ago, real estate professionals sold 577 properties in the month of October. This year, that number jumped to 719. That is a 24 percent increase in just twelve months. These numbers support the 2012 real estate recovery that real estate agents have seen for several

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If a man or woman was once listed in any branch of the military or are still listed with the military and are interested in purchasing a home they are eligible for a Veterans Administration Loan or a VA Loan. The veteran will be eligible to buy a home with no money down required. If the person is a veteran they would be able to lower payments on a monthly basis, thus saving a lot of money. Not only are active and retired military possibly eligible for a VA Loan but surviving spouses and others may be able to obtain a VA Loan.

The person seeking a VA Loan can go directly to their financial institution or they can submit a quick form online. They may be matching up with several lenders who approve VA Loans. The quotes are free and well worth the effort to

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Sarasota real estate owners that need the most help are slow to get assistance with mortgage payments, according to a report released by the Federal Government. The report shows that as of June of this year, only seven percent of the $7.6 billion Hardest Hit Fund money has been used to assist homeowners in America who are under financial strain. It has been more than two years since the fund was announced. Seventeen states along with Washington D.C., received funding from this plan back in 2010.

Out of the $1 billion that was awarded to the state of Florida only $51 million (5%) has been used to help homeowners in the state up to this point.

The Hardest Hit Fund was audited earlier this year by the Troubled Asset Relief Program in order to find out

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Good news for Sarasota Short Sales and Sarasota foreclosures: Starting today, Nov. 1, 2012, new short sale guidelines spearheaded by the Federal Housing Finance Agency (FHFA) go into effect. The new rules impact all mortgages under the federally controlled Fannie Mae and Freddie Mac.

One part of the change allows a handful of the nation’s larger mortgage servicers to approve a short sale without needing Fannie or Freddie to sign off on it. Servicers include in the agreement are:

• CMG Mortgage Insurance Company
• Essent Guaranty Inc.
• Genworth Mortgage Insurance Corporation
• Mortgage Guaranty Insurance Corporation
• PMI Mortgage Insurance Company
• Radian Guaranty, Inc., Republic Mortgage Insurance Company

In addition to quicker short sale approval, other

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