NEW TO MARKET and not a short sale!!!If you are looking for a great deal……You have found it!!!     This solid, quality-built property has been well-cared for and needs very little to make it your own and is on over a 1/4 Acre. The back yard is just perfect for grilling and relaxing on the back deck with Pool, Jacuzzi and firepit for BBQing. It’s close to shopping, restaurants and just a few miles to Down town St. Pete, Clearwater, Tampa or the Beaches!!     This home is located in a great neighborhood on a quiet street and has excellent curb-appeal. One of the best homes for the money in the area…..You will be surprised….It’s priced to sell and REDUCED for a FAST SALE.

Just listed and getting attention! Call me to set up a showing today!

FHA REO properties sold by FHA
Re-sales of properties purchased by an employer or relocation agency
Property inherited by the seller
Sales by other U.S. Government Agency of SFR properties
Sales of properties by nonprofits approved to purchase HUD owner SFR
Sales of properties by state and federally charted financial institutions and GSE
Sales of properties by local and state government agencies
Sales of properties within Presidentially-Declared Disasters Areas
Sales of properties acquired by foreclosure by state licenses mortgage lenders
Any re-sales, other than those exemptions listed above, where the sales price increase is less than 20% of the seller’s acquisition cost

If a property sales price has increased more than 20% over the acquisition cost, the property is not eligible for FHA financing.

If you have any specific questions, feel free to contact me directly.

Another great deal sold at the end of May!

This was another Short Sale that we received approval on and closed at the end of April!

We should have Short Sale Approval with in days on this one. We have a dedicated Short Sale Negotiator just to handle these types of situations and helping folks stay out of Foreclosure.

Just receive Bank Approval on this Short Sale!!! Yea! Looking forward to closing this with in 30 days!

Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board’s mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big.

Here are a few reasons why:

On April 5th, the cost of required up-front mortgage insurance for loans guaranteed by the FHA will increase from 1.75% to 2.25%. For a borrower purchasing a $200,000 home with a $7,000 down payment, the up-front mortgage insurance will increase by $965. Up-front mortgage insurance is typically financed in the final loan amount so the impact to a monthly payment will be minimal but overall, the increase is still borne by the borrower both upfront and monthly.

Later this spring, the amount of money that a seller can return to the buyer from their sale proceeds will be reduced from 6% to 3%. The reduction in these “seller concessions” can increase the amount of cash a buyer will be required to pay at closing by $6,000 for a home purchase of $200,000.

There is only one way to avoid being affected by all of these costly changes that lie ahead – submit all FHA mortgage applications by the last week of March.

If I can answer any questions you may have about how these changes could impact you, call me at 727-488-9747. We always enjoy helping our clients!

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