Jon Coats Law Blog

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Entries Tagged as 'client short sales Pinellas County'

Downward trend for foreclosures

May 18th, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet Source: http://www.baynews9.com |   “There could be signs of a housing market turnaround across the country, but it could be short-lived. A new report reveals in April there was a decline in the number of homes foreclosed upon.  According to RealtyTrac, home repossession fell 7 percent from March and fell 26 percent from April of [...]

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Potential Mortgage Fraud

May 7th, 2012 · No Comments · Foreclosure, loan modification, News, Short Sales, Uncategorized

Tweet Posted by Robert Trigaux | tampabay.com   “Wake up and good morning. Florida and Tampa Bay are hardly strangers to mortgage fraud. But the latest federal report on mortgage fraud suggests Hillsborough County leads the way nationwide in potential mortgage fraud, a disturbing No. 1 status given the hype and promise from mortgage fraud “task forces” [...]

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A Winding Path To Foreclosure: Graph

March 26th, 2012 · No Comments · Commercial Loans, Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet   Where it began: 1999… Click here:  A Winding Path To Foreclosure: Graph

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Q&A on Obama administration’s mortgage-aid plan

March 8th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Uncategorized

Tweet From:  Associated Press |   “The Obama administration is offering some relief to military service members, veterans and homeowners who have government-backed mortgages. Under a program President Barack Obama unveiled at a news conference Tuesday, the government would cut the fees it charges to insure those borrowers. The idea is that lower fees would [...]

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USDA to help rural homeowners refinance mortgages

March 5th, 2012 · 1 Comment · Foreclosure, loan modification, News, Real Estate Law, Uncategorized

Tweet By Mark Puente, Times Staff Writer   “A U.S. Department of Agriculture pilot loan program could lower interest rates and reduce mortgage payments for more than 20,000 rural homeowners in Florida. The program will allow underwater homeowners in rural areas to refinance mortgages at interest rates between 3.5 and 4.5 percent. Underwater mortgage holders owe [...]

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Finding a place to live after losing your home

February 27th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Leonard Baron, Zillow   “If you are in the unfortunate financial position where you are losing your home due to foreclosure or short sale, your credit score is probably going to take a pretty hard hit. In “normal times,” this could make it really tough to rent your next place of residence. Luckily, these are [...]

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Mortgage relief: Partial solution better than none

February 7th, 2012 · No Comments · Foreclosure, News

Tweet By John Schoen | http://bottomline.msnbc.msn.com   “As the clock ticks down on year-long negotiations on a sweeping mortgage relief settlement, the architects of the joint state-federal plan believe it would be better for homeowners to get a partial deal than nothing at all, according to sources close to the talks. Facing a Monday deadline, attorneys general in all 50 [...]

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So far, only 60 take up Bank of America on short sale incentive

January 31st, 2012 · No Comments · Commercial Loans, Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Mark Puente, Times Staff Writer   “Only 60 Floridians have received cash from a Bank of America program that pays up to $20,000 to homeowners who sell distressed properties in a short sale. The lender still expects thousands more in the Sunshine State to collect the money before the pilot program ends in August. [...]

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5 nasty surprises that can stop your home purchase cold

December 5th, 2011 · No Comments · loan modification, News, Short Sales, Uncategorized

Tweet By Marilyn Lewis of MSN Real Estate: “When a seller wants to sell a home and finds a buyer who wants to buy it, you’d think they’d have a deal. What could go wrong? These days, plenty. In this tough financial climate, there are both longstanding pitfalls and a crop of new ones. At best, these can [...]

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Not a happy anniversary: Real estate bust turns 5

June 26th, 2011 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet By SHANNON BEHNKEN | The Tampa Tribune “It’s an inauspicious anniversary. Five long years ago this month, the Tampa Bay area’s supercharged housing prices finally ran out of steam, and the housing bust officially began. Prices have been free-falling ever since. The dips have slowed, even reversed at times, but every month new data shows median [...]

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