March 2009 - Posts

Owners' heartbreak | Buyers' Bargain
25 March 09 07:38 AM | Lee Rosa | (Comments Off)   
Great News for Today's Homebuyers... 45,000 area homes are in some stage of foreclosure and now the term Cash is King has an all new reality... Did you know that parts of Orlando home sales are up 120% in the first quarter (January to March) from Read More...
Central Florida FHA Loan Limits
20 March 09 04:19 PM | Lee Rosa | (Comments Off)   
Just last week FHA released its Loan Limits to the Central Florida Area: 353,750 What this means: With only 3.5% down you can get an FHA loan up to 353,750 in Central Florida. With the USDA you can get homes for $0 Down. USDA loans are Area or Property Read More...
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Interest Rates and $8,000 Credit Information
20 March 09 01:07 PM | Lee Rosa | (Comments Off)   
In talking to others in the Real Estate industry we all were surprised that the FED announced that they would begin purchasing both long term Treasuries and Mortgage Backed Securities. The Bond and Mortgage Market Rallied once news broke to them, as "everyone" Read More...
Who will push Orlando out of Recession?
19 March 09 07:24 AM | Lee Rosa | (Comments Off)   
Calling expired listings daily allows my business to take an inside track on the in's and out's of our Central Florida Real Estate Market. A few days ago, I read an article that mirrored my notes from calling: A drop in driver's license applications Read More...
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Central Florida Real Estate Annoucement!!
17 March 09 12:38 PM | Lee Rosa | (Comments Off)   
Huge Annoucement in Central Florida Real Estate Keller Williams Realty Inc. announced today it has acquired Realty Executive’s #1 office in Seminole County, Florida, a 45-agent strong operation. Led by Operating Partners, Denise LeHeup and Jay Crow, Read More...
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Loan Modification "The Low Down"
06 March 09 11:36 AM | Lee Rosa | (Comments Off)   
The basic guidelines for MODIFICATIONS at this point: Eligibility and Verification: 1. Loans originated on or before January 1, 2009. 2. First-lien loans on owner-occupied properties with unpaid principal balance up to $729,750. Higher limits allowed Read More...
Downtown Orlando Development Board Meeting Notes
05 March 09 03:04 PM | Lee Rosa | (Comments Off)   
On March 5th I attended the Downtown Development Board Meeting. Here are a few notes I jotted down via Evernote on my iPhone. Join Mayor Dyer on Saturday, March 21st from 730am-2pm, at the DoubleTree Hotel (universal) for the 4th Annual Mayor's Neighborhood Read More...
Central Florida Real Estate Mortgage Rates
02 March 09 07:53 PM | Lee Rosa | (Comments Off)   
Freddie Mac Average Rates: As of: Feb 26 th 30 yr Fixed 15 yr Fixed 5/1 ARM 1 yr ARM Average Rate: 5.07% 4.68% 5.06% 4.81% Average Points: 0.7 0.6 0.7 0.6 Previous Week's Rates Average Rate: 5.04% 4.68% 5.04% 4.80% Average Points: 0.7 0.6 0.6 0.5 Read More...
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