March 2014

Found 4 blog entries for March 2014.

Practically everyone in the country knows the real estate market meltdown and the events of the Great Recession caused many changes to go into effect. As a result of the housing crisis, lending has undergone a big transformation as new federal regulations and industry standards have gone or are going into effect.

Banks took a large hit during the past several years, beginning in 2008 and well into 2010 and 2011. During that period of time, hundreds of millions of dollars in defaulted loans occurred, both secured and unsecured. Lending institutions saw a steep drop off of timely payments and were eventually left to carry the burden of unpaid loans, which included mortgages, refinances, credit cards, auto loan, student loans, small business loans,

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If you’re reading this, it’s highly likely you are attempting to sell your property or buy a home and have just learned the bank is ordering a second appraisal...that much is obvious. Now, you want to know why the mortgage lender is doing so and what it means to you--more precisely, the transaction. It’s got you not only wondering but more than a bit worried. Those feelings you’re experiencing aren’t unnatural, but it does put what’s already a stressful situation into a whole other category.

The biggest question is what was wrong with the first appraisal? Was it done by someone found it be totally incompetent and the bank just found out? Was it not adequate because of something that was missed and now has been discovered? Is the bank trying to get out

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The month of April is a great time to enjoy the outdoors. It’s an idea time of year to explore and experience many things which include everything from craft shows to the circus to the many tantalizing delights of Ribfest. Yes, it sure is one fine month to soak up the sun, and spend a day or weekend at one of these many exciting events…

Fiesta on Siesta College Sand Volleyball Tournament

April 11 - 13, 2014, 8 a.m. - 6 p.m.

The 6th Annual Fiesta on Siesta College Sand Volleyball Tournament will be held on Siesta Beach, and spectators can attend for free. There’s going to be more than 25 teams competing in the event and games will be held on the sand as well as indoors.

Venice Sharks Tooth Festival

April 11 - 13, 2014, Friday 4 p.m. to 9

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The housing market might be enjoying a slow and steady recovery, but the overall economy is putting an invisible strain on potential home buyers. While home values are rising, so are interest rates, jumping from 3.39 percent last year at this time to 4.48 percent currently. Combine these facts with stagnant wages across the country, and fewer people are able to enter the housing market.

That’s why deals such as REO foreclosures are so tempting. They have an average discount ranging from 10 to 30 percent compared to non-distressed homes and are still plentiful, though inventory levels are falling. In January, 34 percent fewer homes received a foreclosure notice than in December 2013, and 37 percent fewer than January 2013.

The median price of a

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