Here in Ocala, Florida, we have had wonderful years (2005-2006) in real estate. We had many people buying to flip and make money and or buy to rent. Many of those people who bought in last half of 2006 and 2007 have closed on the home and could not find a renter or they rent for less than what the mortgage is, and eating up their savings.
Well since everything stopped there are many who are stuck with a home and not knowing what to do. If this is you, I am offering you my Free book “Should I Short Sale my Home?”
The economy has slowed down for every one. Many businesses are laying off or cutting hours to stay in business. If you are having a hard time with your mortgage payment because of your job or a hardship, like unexpected medical bills, divorce, separation, job loss, then get my Free Book to inform you on how the short sale process works.
I am always available to answer question you may have on short sales, Foreclosures or Ocala real estate market. Contact via email or call me directly at 352-266-2637.
I would like to hear from other people on this view.
I found this statement from Transunion;
Ashley Milne-Tyte: Transunion says the delinquency rate on mortgages shot up to nearly 4 percent in the third quarter. For years, the rate was around 2 percent.
The delinquency rate is the number of people who are at least two months behind on their mortgages. The credit bureau predicts that rate will be a lot higher by the end of 2009.
The main reason people are falling behind in their payments is adjustable rate mortgages. Many homeowners took on those mortgages at low rates a few years ago. Those rates are now re-setting — often at levels homeowners can’t afford.
The homeowners I have talked to have not had adjustable rate mortgages but they cannot afford their mortgage. What ever happened to the honorable feeling you have to be able to own a home. Last night I found someone that had a true hardship and is unable to pay his mortgage and all the new mandatory debt (not of his will). You could see the hurt in his eyes when we talked.
Is the news media pushing people to just give up their homes? They make it look like everyone is giving up. I have the opportunity to see a variety of people and variety of financial mishaps. I know the economy is crazy right now but we should fight and have pride in how hard we have worked to obtain our home. If you speak with people born in the 40-50′s, they did everything they could to save their home.
What has changed in our society? Have we let the media tell us what we should be doing?
I believe the short sale process is a great thing for those who really need it. To qualify for a short sale you have to have a hardship; Something that has happened to you and your family to change your financial circumstances, ie divorce, medical, job loss or death.
I am here to help. If you have questions on short sales please contact me 352-266-2637
I hope every ones Thanksgiving was great. To those who went out so very early Friday morning. I hope you found all your Christmas gifts. I will have some great buys on new homes by this weekend. Check them out at Bucknerhomes.com, featured properties.
Recently in Ocala/ Marion County, FEMA remapped the flood zones. I understand that they flew over the county with a special machine that tells them where the low areas are in the county.
I have heard that there are many places they have made many big changes. If you were not in a flood zone you might be right now. If you live on the west side of I-75, you either have been contacted by your insurance company or will be when it renews.
It is very important that when you buy a home you know every thing about it. From here on out you need to check the FEMA Flood Maps before buying a home or have a great insurance agent, like Judy Bales at The Nation Group. Judy has help many customer save money when they had to buy flood insurance because of the changes. If you go to Marion County Property Appraisers and put your parcel number in you can find out if your home is in the flood zone. You will need to know this if you are selling or buying a home. If you have any questions as always call Rhonda and I will help you.
I have found this web site that should help all you bloggers out there.
See if this helps you.
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Posted in Ocala short sales
Not all amrket are the same. It lloks like Ocala/Marion county is leveling off on home sales. Watch the video for statistics
I would love answer any questions you have about Ocala or help you find the perfect home. I work with great lenders that will find a loan product that best fits you and your budget. give me a call to se how I can help you.
I think that right now is the perfect time to buy. Especially for first time home buyers. A first time home buyer is some on that has NOT OWNED a home in the last three years. I asked my accountant to explain this DEAL to me. Here is what she said:
This REFUNDABLE credit is part of the housing Assistance Tax Act of 2008. It is effective for first time home buyers on or ofter April 9, 2008 to before July 1, 2009. It is for those whose modified adjusted gross income is less than $95,000 ($170,000 for joint files). It is actually a loan that is to be paid back over 15 years. The credit is taken on the tax return. Recapture begins 2 years after the purchase by adding$500 to their income tax bill each year for the next 15 years or until the home is no longer the principal resident the unrecaptured amount must be recaptured in the year of the sale. However, the recaptured amount may not exceed the amount of the gain from the sale of the residence to an unrelated person. The taxpayer will need to file a tax return for each year during the recapture period. The IRS can require real estate reporting persons to file broker returns in order to verify a homebuyer’s eligibility for the creidit.
I describe Ocala as rural, which means most of Ocala is eligible for USDA 100% financing. So you firt time home buyers do not need to come out of pocket to buy a home and you will get up to $7500 form the Government. What are you waiting for?
I would love to help you find a perfect home. I would with great lender to help you with the loan. Give me a call 352-266-2637
Ocala/Marion County is selling homes. Rhonda Buckner gives the market update for November 7, 2008
If you would like information about Ocala or the services of Rhonda Buckner call me 352-266-2637
