Four years ago, the monthly payment on a $300,000 house with 20 percent down and a mortgage rate of about 6.6 percent was $1,533. Today that $300,000 house would sell for $213,000 and a 30-year fixed-rate mortgage with 20 percent down would carry a rate of about 4.2 percent and a monthly payment of $833. In addition, the down payment would be $42,600 instead of $60,000.
Nows the time...Give me a call 772-408-5252
Till next time,
Tony Groza/Groza Real Estate
I HAVE A MUST SEE HOME IN PORT SAINT LUCIE BEING SOLD AS A SHORT SALE, THIS HOME HAS 2 BEDROOMS, 2 BATHS, ONE CAR GARAGE, NEWER ROOF, OVER 10K IN THE KITCHEN, NICE FIREPLACE, A INDOOR INGROUND HOT TUB, TILED FLOORS, NEWER CARPET, BATHS HAVE BEEN REMODELED, ALL THIS ON A OVERSIZED LOT. PRICED TO GO AT $85,000 -
UNTIL NEXT TIME,
TONY GROZA
4 things that can hurt your credit
Experts can debate the cause of the recession for years, but consumers are feeling the pinch right now through the reduced availability of credit. If you are in the market for a new home, a car or even a cell phone, it is more important than ever to make sure your credit is in great shape.
Whenever you apply for any loan, an apartment or even a job, your credit is scrutinized to asses if you are a "good credit risk." If you have a low credit score or a rocky credit history, you will see it in higher interest rates that can cost thousands of dollars more than someone with good credit.
The first step to keeping your credit in good shape is to check your credit report. Some things to look for include:
* Errors on your report
Credit report errors are surprisingly common and can take months to correct. Regularly monitoring your credit report can help you catch mistakes early.
* Debt-to-credit ratio
If you are maxing out your credit cards, lenders take this as a sign that you are borrowing as much as, or more than you can handle. Keep your balances at least 50 percent below your credit limit.
* Late payments
Making all your payments on time means you avoid a black mark on your credit report and can save you hundreds of dollars in late fees.
* Old accounts
Consider leaving old accounts open even if you don't use them much anymore. The length of your credit history is a factor in your credit score so it pays to keep accounts open.
Checking your credit report with a free service means you will instantly receive your reports from credit bureaus.
Stay on top of this so you can use your credit to get you thru these hard times!
Until next time,
Tony
*I am not an attorney or credit expert. If you need exact answers, please seek council.
Port Saint Lucie 34984, Port Saint Lucie - Announcing a price reduction on 2033 S Stonecrop St, a 1,294 sq. ft., 2 bath, 3 bdrm single story. Now $68,900 - 3/2 pool Home.
Property information
Well Established Neighborhood
• 1,358 sq. ft., 2 bath, 3 bdrm single story - $54,900 - 3/2/1 under 55k
Port Saint Lucie Section 02, Port Saint Lucie 34983 - Here is your chance to have a great 3/2/1 home in Port Saint Lucie. Master bathroom has been re-done to be handicap accessable and updated. Kitchen has newer cabinets and tile floors. Home does need some work but nothing a weekend warrior can't handle!
Home has a 12' x 24' covered screen porch.
This home is being sold as a short sale. All term and sales are subject to lender approval.
You are seeing this home before it gets to the MLS. Owner has not completly moved out so the home can not be shown untill after 2/22/10.
Property information
Port Saint Lucie Section 02, Port Saint Lucie 34983 - Announcing a price reduction on 1150 SE Proctor Lane, a 1,358 sq. ft., 2 bath, 3 bdrm single story. Now $54,900 - 3/2/1 under 55k.
Property information
Well Established Neighborhood
• 1,358 sq. ft., 2 bath, 3 bdrm single story - $54,900 - 3/2/1 under 55k
Port Saint Lucie Section 02, Port Saint Lucie 34983 - Here is your chance to have a great 3/2/1 home in Port Saint Lucie. Master bathroom has been re-done to be handicap accessable and updated. Kitchen has newer cabinets and tile floors. Home does need some work but nothing a weekend warrior can't handle!
Home has a 12' x 24' covered screen porch.
This home is being sold as a short sale. All term and sales are subject to lender approval.
Property information
Port Saint Lucie Section 02, Port Saint Lucie 34983 - Announcing a price reduction on 1150 SE Proctor Lane, a 1,358 sq. ft., 2 bath, 3 bdrm single story. Now $54,900 - 3/2/1 under 55k.
Property information
Based on a report today from The Palm Beach Post, Fla., Kimberly Miller, Half of South Florida's home are selling at a loss.
Look at some of these numbers that she came up with.
* 68 percent of Port St. Lucie homes were purchased at prices lower than the previous sale.
* 53 percent of West Palm Beach homes sold at a loss in December
* Statewide, 47 percent of homes sold at a loss in December, nearly equal to the 48 percent in Miami-Dade, Broward and Palm Beach counties combined
* Nationally, 28 percent of homes sold for a loss in December
So why haven't you taken advantage of this. Buy now before it is to late!!
Until next time,
Tony
To read the entire article go to http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=232910
If you are in need of information on the tax credit that is available, send me an email and I cann send you a power point that helps explain it!!
Until next time,
Tony
National Association has publish:
Housing Prices Inch Upwards
The S&P/Case-Shiller 20-city price index has now risen for five months in a row (July through October). And although the measure is down 7.3% from October 2008, the year-over-year rate of decline has slowed in each of the past seven months (April through October).
Further, the year-over-year decline is no longer in the double digits that prevailed for more than a year and a half. The Federal Housing Finance Agency (FHFA) price index rose in the second and third quarters. As of the third quarter of 2009, it was down only 3.7% from the third quarter of 2008.
The first-time home buyer tax credit was instrumental in helping stop the free fall in house prices. The extended and expanded tax credit should prevent further dramatic declines in these prices, boosting the confidence of prospective buyers to re-enter the housing market. According to the S&P/Case-Shiller price index, house prices are back to around their fall 2003 levels.
In many states and metropolitan areas, home prices and inventories have settled back to their long-term trend levels or below. In these areas sustainable production levels are possible going forward. The only uncertainty remaining is consumer confidence. In locations where excess inventory remains, house prices will continue to be soft and further declines are possible.
The national house price indexes will be determined by the delicate balance between the excess-supply markets and the markets that have found their equilibrium. NAHB is forecasting flat house price movement on a national level through the second quarter of 2010.
Great Price for a well kept home!
• 1,220 sq. ft., 2 bath, 3 bdrm single story - 
MLS® $945 USD Monthly
Port Saint Lucie Section 03, Port Saint Lucie 34983 - Tile floors in the body of the home. Newer Carpet and a screened rear porch. Established landlord. Must see this centrally located home.
Property information
Port Saint Lucie Section 03, Port Saint Lucie 34983 - Announcing a rent/lease reduction on 662 SE Walter Ter, a 1,220 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $945 USD Monthly - .
Property information
Are you faced with this question?? I have a couple good articles I have read that may help you decide!
Short Sale vs. Foreclosure: Which is the Better Option?
by debt kid on January 17, 2008
Losing your home to foreclosure due to an inability to keep up with your monthly mortgage payments is one of life’s most unpleasant experiences. It is also an event that keeps on affecting you long after your home is history by devastating your credit score. Regrettably, most people cannot be 100% sure that they will remain safe from foreclosure because they can’t foresee the unexpected. Occurrences such as serious illness, a major accident, divorce or job loss can happen to anyone. So it’s a good idea to understand the available alternatives should the worst occur.
Of all available options, foreclosure is the worst!!
view the rest at http://www.debtkid.com/short-sale-vs-foreclosure-which-is-the-better-option
If you need help with a short sale, give me a call. We have people in place to handle these help you out of the hot water!!
Until next time,
Tony
I want to wish everyone a great Thanksgiving!!
Don't forget the purpose of this day. Please include our military men and women in your thoughts!
Talk to you next time!
Tony