Advice for buyers and sellers, from Justin Ruzicka

bank foreclosures

Foreclosure Investors in Florida

Foreclosure Investors in Florida

We have all seen it on the wonderful Foreclosure Flipping show on HGTV that Tarek and his wife buy properties for hundreds of thousands of dollars; site unseen and then go into the house to see; “what did i buy?”   The suspenseful, drama filled action makes for great TV viewership, but the reality is, I […]

Short Sales, Avoid Foreclosure

Short Sales, Avoid Foreclosure

A short sale allows the homeowner to sell the property for thousands less than they owe the lender, which helps to avoid foreclosure and salvage some of their credit rating. In many cases will allow the homeowner to avoid a deficiency judgment. Borrower may qualify for another mortgage in as little as 24 months (as opposed to five years for a foreclosure).

Happy First Time Home Buyer Cape Cora...

Happy First Time Home Buyer Cape Coral

If you are first time home buyer and every home you look at needs repairs or work to make it livable this is a great way to purchase a home, and have the work done and make it your Family’s Home!! If you need help finding a qualified mortgage broker to work through the FHA 203K program please let me know, fill out my contact form and I would be happy to email the mortgage broker I work with on these types of loans. It is a tricky process, and you need an expert mortgage banker to work through the FHA 203K financing, so please do not hesitate to ask for me for that info.

Short Sales, Short Sales, Short Sales

Short Sales, Short Sales, Short Sales

That’s the sound of 2012 in think for Lee County Real Estate that includes; Cape Coral, Fort Myers, Estero, Bonita Springs, Lehigh Acres, and even Alva.  Short sales will be a driving force this year for sure.  In the last quarter of 2011 short sales accounted for 21% of real estate sales.  The lenders have […]

Investor’s Caused the Real Esta...

Investor’s Caused the Real Estate Bubble

Courtesy of the Floridarealtors.org and an article from The Associated Press. LAS VEGAS – Dec. 13, 2011 – A new federal report shows that speculative real estate investors played a larger role than originally thought in driving the housing bubble that led to record foreclosures and sent economies plummeting in Nevada, California, Arizona, Florida and other […]

Happy Holiday’s from Fannie Mae

Happy Holiday’s from Fannie Mae

Well Christmas will come early for those facing foreclosure form the nations largest mortgage holder, Fannie Mae… Courtesy of CNNMoney.com NEW YORK (CNNMoney) — Happy holidays struggling homeowners! Fannie Mae, Freddie Mac and several large mortgage lenders have pledged not to foreclose on delinquent borrowers during the Christmas season. For homeowners with loans through Fannie […]

Banks and Short Sales

Banks and Short Sales

Lee County Foreclosure filings are climbing again.  For weeks we have seen lenders shy away from the foreclosure filings because of programs the government put into place in hopes to save MILLIONS of home owners, at last count there were less than 500,000 homeowners “helped.”  If you define HELP as a Permanent change/reduction in mortgage […]

Mortgage Debt Forgiveness Act of 2007...

Mortgage Debt Forgiveness Act of 2007 – Benefits End Soon

In today’s market 65% of homes nationwide are underwater…..YES that is a HUGE number.  For Lee County there is easily 1 out of every 2 homes with a mortgage is underwater.  50% of the properties in Fort Myers, Cape Coral, Lehigh Acres, Bonita Springs, Estero, with a mortgage are underwater.  If you find yourself as […]

Fort Myers, and Lee County Real Estat...

Fort Myers, and Lee County Real Estate Market has Stabilized

I am going to do a series of posts as a follow up to my “Reasons Why Now is the best time to sell your  home.”    Reason #1 was The Short Term Market has stabilized.   How do I define short term?   I would suggest that short term is 6-9 months.  For the […]

S&P Case Shiller Index August 20...

S&P Case Shiller Index August 2011

I am not a negative Nancy by any means, but I am a realist.  I call a spade a spade and do not mislead or provide false hope.  The only “hope” that might be out there in the real estate market is prices are pre 2003. If you are looking to buy a home in […]