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Solid Earnings from Wells and MGIC; High Quality Loan Production; Labor Unions Threaten Big Banks; VA Underwriting Update

Posted To: Pipeline PressSometimes folks ask, "How can you spit out that mortgage & real estate commentary every day at 4AM?" I enjoy educating folks, and my attention span is pretty short so I try to keep it to a 1-2 minute read, plus I like bad jokes. Who I really feel sorry for, however, are the folks who write health magazines every month. Really, how many ways can one say, "Eat less and exercise more" in a periodical? Stay out of the sun, don't drink too much alcohol, get plenty of sleep, have a balanced diet... this really hasn't changed for hundreds, if not thousands of years, yet every month they sell magazines that tell people to do those things. Then they put a photo of someone that I will never look like on the cover of it to make me believe if I ate less and exercised more...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

HAMP Has Seen New Trial Modifications Drop 90 percent Since September

The HAMP program was destined for failure from the beginning, especially in Florida where home prices have crashed 50% from the top.
The only way to save homeowners is to refinance their loans in an amount that equals current market value and to forgive the rest. Many would stay on and gladly pay off the remaining debt or, if the need arose, sell at a reasonable price and not have to beg for Short Sale approval.Via John Mulkey, Housing Guru (TheHousingGuru.com):The Home Affordable Modification Program, HAMP, has seen new trial modifications drop 90 percent since September, an indication that the beleaguered foreclosure rescue program is reaching the limits of its usefulness. Often criticized for not saving the promised millions from foreclosure, HAMP’s latest report indicates significant declines in the number of new homeowners accepted into the program and a dramatic increase in the number of trial modifications that have been rejected.
 

Advice for the Cheapskate Homeowner: Don’t Pressure Wash Your Driveway

Here in the land of palm trees, summer afternoon gushers, and high humidity, our driveways tend to get gray with mold and mildew.
When it gets yucky enough, our kindly homeowners association sends love letters letting us know it’s time to pressure wash our driveways.
Once, I did it myself by borrowing my neighbor’s very loud pressure-washing machine. Several hours, lots of sore muscles, and a temporary case of deafness later, I realized it was way too much work and that I had etched lines into my driveway. Yep. If you make the spray too concentrated, you can permanently tattoo your driveway
Next time, I hired a professional firm. They charged $70 and finished the job in less than half an hour. No lines this time. Instead, the entire driveway was gritty with cement sand! Too many of those applications and guess what could happen? No more driveway?

Orlando FL Luxury Short Sales in June 2010

You may have heard that selling a house as a Short Sale is difficult.
Short Sales can be tedious, time-consuming, and sometimes frustrating, but they’re not difficult.
Short Sales are worth all the frustration because they allow homeowners to avoid foreclosure, keep their credit from being destroyed, and move out and move on to a better future.

Address

Date Sold

3 bed 2 bath Condo located in COACH HOMES AT MARINERS VILLAGE CONDO (ORLANDO 32812) $119900 3bd

3 bed, 2 bath Condo in COACH HOMES AT MARINERS VILLAGE CONDO subdivision. Features 1451 square feet of living space, Wow! Owner pride shows! Move in Ready! Not a short sale or foreclosure! Beautiful and spacious 3BR/2BA upstairs unit, w/Garage. Brand new carpet & freshly painted. Screened balcony overlooking green space. Roof and siding were replaced in 2005.

For more information contact Rick Sletten / Century 21 Real Estate Professionals at 321-438-4568 or visit www.UCFcondos.com

3 bed 1 bath Single Family Home located in SPURLINGS ADD TO SANFORD (SANFORD 32771) $89500 3bd

3 bed, 1 bath Single Family Home in SPURLINGS ADD TO SANFORD subdivision. Features 1234 square feet of living space, Adorable Sanford home with NO HOA fees. Not a short sale or REO. Freshly painted, clean, ready to move in condition.Cute corner lot home with little yard to maintain.

For more information contact Rick Sletten / Century 21 Real Estate Professionals at 321-438-4568 or visit www.UCFcondos.com

2 bed 2 bath Condo located in PLANTATION APTS OF ORLANDO NO 1 CONDO (ORLANDO 32803) $90000 2bd

2 bed, 2 bath Condo in PLANTATION APTS OF ORLANDO NO 1 CONDO subdivision. Features 1250 square feet of living space, NOT A SHORT SALE! HOA includes AC, cable, 2 pools, newly remodeled clubhouse, tennis, fitness center and more. This lovely 2nd floor unit has many upgrades and a screened back balcony. Washer/dryer hook ups, 2 walk in closets. Great location near

For more information contact Rick Sletten / Century 21 Real Estate Professionals at 321-438-4568 or visit www.UCFcondos.com

Home for Sale in Winter Garden, FL (4bd 2ba) - REDUCED (Winter Garden) $89900 4bd

Short Sale approval of the owner(s) of record lenders(s) may be conditioned upon the gross commission being reduced, any reduction of the gross compensation will be apportioned (insert apportionment or split) between listing and cooperating brokers. This place is move in ready !! Wonderful Screened patio with Lake views Quuality Flooring and nice paint.View FULL DETAILS and additional PHOTOS here:http://www.favoritebroker.com/results.aspx?listingid=8337110&propType=SF&area=33703&minPrice=70000&maxPrice=100000&minBeds=4

Superior search engine for MLS. Search by city, year built, square footage or any other detail. You will see multiple photos, satellite image, full MLS descriptions and Zillow pricing estimates. See how easy this is. Search in Winter Garden and all surrounding areas.

Condo for Sale in Sanford, FL (2bd 2ba) (Sanford) $57900 2bd

Short saleView FULL DETAILS and additional PHOTOS here:http://www.favoritebroker.com/results.aspx?listingid=7574875&propType=C&hood=426210&maxPrice=70000&minBeds=2

Superior search engine for MLS. Search by city, year built, square footage or any other detail. You will see multiple photos, satellite image, full MLS descriptions and Zillow pricing estimates. See how easy this is. Search in Sanford and all surrounding areas.http://www.favoritebroker.com/

INFINITY Real Estate Group

Golf Course Condo, Dockside at Ventura ONLY $37,000!!!! (Curry Ford Road) $37000 2bd

Carley Lynn Spangler | Re/Max Assured | remaxcarley@gmail.com | (321) 663-7171

2536 Woodgate Blvd #207, Orlando, FL Send to Friend

Gated community close to Orlando International Airport (10 minute drive). Very safe neighborhood. Right next to the Golf Course. Conveniently located Share Listing

2BR/2BA Multi-Family, 1 units offered at $37,000

Year Built 1987

Sq Footage 930

Bedrooms 2

Bathrooms 2 full, 0 partial

Floors 1

Parking 1 Uncovered spaces

Lot Size Unspecified

HOA/Maint $266 per month

DESCRIPTION

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Dockside at Ventura

Spacious 2 bed/2bath condo with volume ceilings.

Built in 1987. Total area 930 sq.feet

Gated community close to Orlando International Airport (10 minute drive). Very safe neighborhood. Right next to the Golf Course. Conveniently located close to major highways,all attractions, and downtown Orlando.

Waterfront Views, Swimming Pool, Fitness Center, Tennis Court and

Laundry Area (has just been improved with new equipment)

Located right next to Ventura Public Golf Club

Bar B Q areas (3 locations on the property)

Pets are allowed

The condo is in excellent condition. Custom color paint, includes ceiling fans, blinds & ALL appliances!!!

MOVE-IN-READY!!!

It is a second floor unit with nice oversized patio with waterfront view!

Community Pool & Spa

5bd 4ba/1hba Home for Sale in Sorrento (Sorrento) $417000 5bd

Short Sale. Amazing 4,300+ Sq. Ft. luxury home has all the bells & whistles! The details are in function of the design which includes large media rm & bonus rm as well a dream of a kitchen. You will enjoy the second upper level balcony which surrounds the bedrooms overlooking wide open spaces on this tranquil 2.5 acre setting. Upgrades include: Circular Spiral Staircase at the entry way, Chef's kitchen with island, granite counter tops which compliment custom cabinetry, stainless steel appliances and lView FULL DETAILS and additional PHOTOS here:http://www.favoritebroker.com/results.aspx?listingid=6883896&propType=SF&county=1792&minPrice=325000&maxPrice=475000&minBeds=5

Home for Sale in Orlando, FL (3bd 2ba) (Orlando) $99800 3bd

Short Sale. Sale of property may be conditioned upon third party approval. WOW!!! What a beautiful home ~ And such a great value! Home sits on a beautifully spacious, and heavily treed homesite that backs up to woods and open pasture. This peaceful view can be seen from the screened covered porch :0) The back yard is fenced and the wooden gym/swing stays! Home has a spacious eat-in kitchen, ceramic tile flooring, and the smooth top stove and dishwasher is also incuded! The spacious master suite has a walView FULL DETAILS and additional PHOTOS here:http://www.favoritebroker.com/results.aspx?listingid=8351646&propType=SF&area=33823&minPrice=70000&maxPrice=125000&minBeds=3

Superior search engine for MLS. Search by city, year built, square footage or any other detail. You will see multiple photos, satellite image, full MLS descriptions and Zillow pricing estimates. See how easy this is. Search in Orlando and all surrounding areas.

3bd 2ba Home for Sale in Lake Mary (Lake Mary) $157900 3bd

Short Sale. You will be impressed when you enter this desirable home located in the heart of Lake Mary. Pride of ownership shows throughout! Beautiful wood flooring enhanced by a neutral palette surround the home. Enjoy sunsets on the lanai overlooking the sparkling pool. Make certain to put this home on your list, you will be impressed. Be apart of a close knit community where neighbors welcome newcomers. You may walk to the library, YMCA, Reflictons Park and top rated Lake Mary Schools. See why LaView FULL DETAILS and additional PHOTOS here:http://www.favoritebroker.com/results.aspx?listingid=6090787&propType=SF&area=33714&minPrice=125000&maxPrice=175000&minBeds=3

Superior search engine for MLS. Search by city, year built, square footage or any other detail. You will see multiple photos, satellite image, full MLS descriptions and Zillow pricing estimates. See how easy this is. Search in Lake Mary and all surrounding areas.