Real Estate Conditions in South FL

Headlines and Real Estate news.
To contact Carolyn Burns, South FL Realtor, email CBurnsRealtor@gmail.com
(no spam- serious inquiries only).


Loan Modifications (if you get one) doesn't help with your priniciple balance. Discounted payments, interest, are usually tacked on to balance end making your balance larger.
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Recession taught a lesson to Americans to be more fiscally sound in spending & savings in the future.
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Foreclosed homes are bringing back cash investors and 'bottom feeding' buyers helping the South FL real estate market by fixing up the properties & reselling at market value.
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Australia is the 1st G20 country to raise interest rates since onset of the financial crisis, giving lift to Wall Street earnings.
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Geithner asks International Monetary Fund (IMF) to watch for new investment bubbles & keep foreign exchange policies in line to rebalance global economy.
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Seriously, what are you waiting for?? Mortgage rates fell this wk,w/avg. rate on 30-yr fixed-rate mortg's below 5% to a four-month low.
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Wash.Times: 'Bernanke & Paulson misled public about financial weakness of BofA & other recipients of gov't's $700 billion TARP bailout.'
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Facing foreclosure? Hire a lawyer. They can stop proceedings; put pressure on lenders to rework terms of loan or spot legal violations.
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Bank of America CEO, Ken Lewis stepping down this year. BoA to select emergency CEO in case Lewis is forced out earlier.
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With foreclosures up, more homeowners are looking for stable rentals.
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Michael Jordan plans new home with 11 BR's, 38,000 sqft. on adjacent 2 lots in Jack Nicklaus' gated golf mecca community, "Bear's Club" in Jupiter, FL.
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