Lenders Get Stricter Requirements Set Out by the FHA

The housing market is struggling to maintain a delicate balance in its effort to improve sales. In spite of all the incentives out there in the form of lower interest rates and flexible terms, the Federal Housing Commission is making it harder for home buyers to qualify for mortgages. Since the FHA backs up to half and insures more than a third of all new mortgages, their influence packs a lot of clout these days.

If you'd like to read more about this, get the whole story in my article "Lenders Get Stricter Requirements Set Out by the FHA," recently published in the International Business Times.

Short Sales in the Sarasota and Bradenton area

Short Sales can be great buys if you have a lot of time and patience! We have several short sale listings in the Sarasota and Bradenton area. I receive calls daily from clients who have questions regarding the process of a short sale transaction. Well finally have good news with respect to the short sale process. Mortgage Servicers participating in the Hafa program effective April 5th, 2010 will allow borrowers to receive pre-approved short sale terms, such as the minimum acceptable net proceeds, before listing the property. The program requires borrowers to be fully released from future liability for the first mortgage debt with no deficiency judgments. Mortgage servicers participating in t...


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 Keller Williams Island Life Real Estate       The Coffey Group Fine Homes International        Florida Suncoast Property Management 

206 Harbor Drive S,                                    1972 Hillview Street,                                              13801 Tamiami Trail Suite A, 

Venice, FL                                                   Sarasota, FL                                                           North Port, FL

34285                                                          34239                                                                    34287

                                                                                                                                                                                                                                                                                          4125 Lakewood Ranch Blvd,

Bradenton, FL


13801 Tamiami Trail Suite A,

North Port, FL