ANOTHER EXAMPLE OF A GREAT DEAL ON A LUXURY CONDO ON HARBOUR ISLAND IN DOWNTOWN TAMPA... ASKING $200,000 LAST SOLD FOR $365,000. FHA $6000 DOWN/VA $0 DOWN
http://tours.vtshowcase.com/nopop/VTS119692 VIRTUAL TOUR
BEWARE: MORTGAGE MELTDOWN = CREDIT CRACKDOWN
If you are shopping for that great deal on a foreclosure or short sale make sure you stay in touch with your loan officer.
What you may not realize is the qualifications for a loan have changed drastically. Low & No down payment conventional loans, stated income loans, and Bridge loans have all gone away. Don’t embarrass yourself by putting in an offer and finding out you can no longer qualify for that loan you could get last month. And if you can qualify, don’t wait around until it changes again or the rates go up again and you are left out.
Recent changes in required down payments, income to debt ratios and other requirements along with the rates creeping upward have stopped some buyers in their track.
Each buyer’s case is different and only your loan officer can help you understand your position. If you are serious about buying, make your loan officer your best friend. Touch base weekly to stay informed.
Thursday, August 28, 2008
Wednesday, August 27, 2008
An example of a great value on a Short Sale in the Greater Tampa Bay Area.
ASKING $233,000 *** LAST SOLD FOR $340,000 - LOVELY POOL HOME IN SECRET GOLF COURSE COMMUNITY ON THE EDGE OF LAND O LAKES This great 4 bedroom, 3 bath w/3 car garage pool home is a popular Ryland Homes Savoy model, very open with a 3 way split. The lanai and caged pool looks out through the giant oak trees to the 6th green on the Quail Ridge Golfcourse. Coran countertops & wood cabinets w/black appliances round out the kitchen with breakfast bar, closet pantry and breakfast nook overlooking the pool.. Master suite has a very large bedroom,w/sliders to the pool, 2 walk-in closets, & grand master bath w/walk-in shower, garden tub, 2 separate vanities & water closet. We have professional negotiators now to assure a speedy closing. VIRTUAL TOUR http://tours.vtshowcase.com/nopop/VTS122064
FHA $6990 DOWN/VA $0 DOWN