Annett T. Block

Facing Foreclsoure

Annett T. Block — Fri, 26 Feb 2010 19:37:00 GMT

(New!)
Facing Foreclosure: What to Do Right Now
If you're facing foreclosure, don't panic: There are steps you can take right now to save your home or at least lessen the blow of its loss. Read

Visit houselogic.com for more articles like this.

If you in need of help or more detailed information how we can help you- call me at 850-364-3946!

Breaking News

Annett T. Block — Fri, 12 Feb 2010 14:45:00 GMT

FHA WAIVES 90 DAY SEASONING " FLIP RULE "

Effective February 01,2010 - Short Sale Investors can now complete a Short sale on a home and turn right around and "flip" that home to an FHA financed buyer. No more 90 days!

Need more information call me at 850-364-3946 or go to http://www.yourgreathomes.com

Homebuyer job No. 1: Check credit report

Annett T. Block — Fri, 05 Feb 2010 00:20:00 GMT

TALLAHASSEE, Fla. – Feb. 4, 2010 – Federal law allows Americans to obtain one free credit report annually from each of the three major credit reporting agencies. Anyone who needs a mortgage to buy a home should consider ordering the reports first – before they start a home search.

“People who got caught up in the hectic pace of holiday shopping may not have taken steps to protect their personal information,” says Florida Agriculture and Consumer Services Commissioner Charles Bronson. “Most credit card bills are now coming due, so it’s the perfect time to make sure there are no unauthorized charges on their accounts or other fraudulent activity that could impact their credit.”

It’s been nearly five years since a change was made to the Fair Credit Reporting Act that requires the credit reporting agencies to provide a free report to consumers who request one. The change was made to encourage consumers to identify potential identity theft quickly.

A credit report contains information about a consumer’s credit history, including a listing of all credit cards, loans, bill payment history and bankruptcies. Major consumer reporting agencies sell the information to credit card companies and other creditors, insurers, employers and businesses that review it when consumers apply for credit, insurance, loans and employment. A poor credit history can result in rejection of credit or higher interest rates on a loan or credit card.

Bronson recommends that people not get all three credit reports at once; they should space them out over twelve months as a way to monitor their credit throughout the year. The credit reporting agencies usually have similar information, so checking one report every three months would allow them to quickly spot mistakes or fraudulent activity.

The three major credit reporting agencies are Equifax, Experian and Trans Union. To obtain a free copy of reports from these agencies, go to: http://www.annualcreditreport.com/cra/index.jsp. Consumers can also order their reports by calling toll‐free 877‐322‐8228.

Important note: Many websites charge a fee for credit reports, and consumers should be wary.

© 2010 Florida Realtors®

Call me for your quick and easy pre-qualification 850-364-3946!

Existing Home Sales

Annett T. Block — Thu, 07 Jan 2010 15:57:00 GMT

Existing-home sales rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®. NAR President Vicki Cox Golder said conditions are optimal for buyers in the current market. "Inventories have steadily declined and are closer to balanced levels, which indicate home prices in many areas are either stabilizing or could soon stabilize and return to normal appreciation patterns," she said. "This means buyers still have good choices but are purchasing near the bottom of the price cycle with historically low mortgage interest rates. Throw a tax credit on top and it really doesn't get any better for buyers with secure jobs and long-term ownership plans."

Single Story For Sale in Goose Creek

Annett T. Block — Mon, 21 Dec 2009 20:57:00 GMT

Home with Potential

• 1,872 sq. ft., 2 bath, 4 bdrm single story "Craftman Style" - MLS® $220,000 USD - NEW

Goose Creek, Tallahassee - I can hear the kids already playing in these lovely community in Goose Creek. Very big, bright and spacious home with vaulted ceilings, own pool in big backyard, screen in porch for entertainment, kitchen with Island, Break fast nook, separate living and family room, fire place and built ins for your TV center, laundry area, both bath with double sink,master with jacuzzi tub and seperate shower stall and so on. You have to see this home to believe it. Don't let this seldom 4 bed/ 2 bath/ 2 CC slip away and call today! Owner wants offer!

Property information

SOLD within 7 days! Need to sell fast call me at 850-364-3946 to see what I can do for you!

Will congress extend the Tax Credit?

Annett T. Block — Thu, 10 Dec 2009 17:25:00 GMT

Now is the time to buy because we don't know if Congress will extend the Home Buyers Tax Credit for a third time. My guess is no.

If you dont know if you qualify simply give me a call at 850-385-4038 to explore your options.

Tax Credit not only extended but also expanded!

Annett T. Block — Wed, 09 Dec 2009 17:56:00 GMT

If you have been on the sidelines and waited to buy a home now is the perfect time to do it to take advantage of the new improved and expanded Tax Credit.

The Tax credit has been extended for first time buyers with up to $8000 and a $6500 Tax credit for current home owners has been expanded until Spring of 2010 giving buyers more time to buy a home.

With prices and affordabilety as low and as many homes to choose from, Annett T. Block is your best recourse to get a great deal to buy your first home or your next one.

Start looking at my website today with great deals available and call me 850-385-4038.

IRS Sets New Rules for Tax Credit

Annett T. Block — Mon, 07 Dec 2009 18:30:00 GMT

The IRS has spelled out guidelines for eligibility for the home buyer credit when co-borrowers purchase a property.

When a home-owning parent of an adult child co-signs for a mortgage and both names appear on the note, the IRS says that under some circumstances, the first-time home buyer can qualify for the whole amount.

The IRS says the parent doesn’t qualify for any portion of the credit, but if the child hasn’t owned a home during the three years preceding the current purchase and can qualify based on income, he or she can be allocated the entire $8,000 credit.

When unmarried individuals co-purchase a home and only one of them is eligible for the credit, then the full $8,000 can be allocated to the eligible buyer.

Source: Washington Post Writers Group, Kenneth R. Harney (12/04/2009)

FHA to toughen rules for borrowers

Annett T. Block — Wed, 02 Dec 2009 22:39:00 GMT

WASHINGTON – Dec. 2, 2009 – The Federal Housing Administration is proposing to increase the up-front cash paid by borrowers as part of an effort to shore up the agency’s finances, which have been staggered by rising defaults in its flagship mortgage insurance program, according to FHA officials.

The changes also include raising minimum credit scores for borrowers who receive FHA-backed mortgages and limiting the amount of money sellers can kick in, including paying closing costs or giving free upgrades.

These measures are designed to increase the amount borrowers invest in the homes they buy, thereby making it less attractive for them to default on loans and walk away from properties, as many people have done during the current housing crisis.

Housing and Urban Development Secretary Shaun Donovan is scheduled to announce the agency’s policy changes when he testifies Wednesday before the House Financial Services Committee.

The FHA has played a critical role in propping up the housing market by insuring lenders against default after the mortgage market unraveled. Currently, the agency backs about 30 percent of all loans for home purchases and 20 percent of refinancings. In the past, the FHA has resisted raising downpayments or insurance premiums for fear of shutting out qualified borrowers and stunting the housing market’s slow but steady recovery.

But Donovan plans to tell the House committee that the exploding volume of loans the FHA is now handling requires stricter risk controls than the previous administration had in place, according to a copy of his prepared testimony. A recent audit shows that the FHA’s financial cushion already has eroded below the level required by law.

“We’ve learned from recent history that the market is fragile, and we have to plan for the unexpected,” Donovan’s prepared statement says. “That uncertainty is complicated by an organization we inherited that, to be honest, was simply not properly managing or monitoring its risk.”

By requiring that borrowers bring more cash to the table, the agency is seeking to ensure they have “more skin in the game and a stronger equity position in their loans,” Donovan says. But he does not specify the size of the proposed increase. FHA officials said they have yet to determine how much cash will be required.

“There are several ways to accomplish this, and so we are currently analyzing various options to determine which is the most effective and consistent with our mission,” Donovan says.

Up-front cash can include downpayments as well as other payments. For now, FHA borrowers can put down as little as 3.5 percent, a level that many FHA critics say is too low. One lawmaker has introduced legislation that would boost the minimum downpayment to 5 percent.

As for seller concessions, the agency now allows sellers to kick in 6 percent of the home’s value. Donovan said he wants the maximum permissible level to be lowered to 3 percent, in line with industry norms.

Agency staff is reviewing whether to increase the monthly insurance premiums charged to borrowers, officials said. These payments come on top of insurance paid up front.

The current up-front premium is set at 1.75 percent of the value of the loan. FHA may decide that an increase in that premium is needed also, officials said.

To protect itself against the riskiest borrowers, the agency has decided “for the time being” to raise its minimum credit score requirements for new borrowers. Again, FHA staff is still analyzing what the new threshold should be, Donovan’s prepared testimony says.

The minimum credit score requirement is now so low – 500 out of a possible 850 – that it’s basically irrelevant. Many lenders that make FHA-insured loans impose much tougher restrictions. The concern is that if FHA does not toughen up, abusive lenders will get away with financing risky, poor credit borrowers already rejected by more reputable lenders.

Most of the new initiatives do not require congressional approval. Many have previously been suggested by critics and even supporters of the agency.

These measures are meant to build on other actions the FHA has taken to curb its risk and beef up its eroding cash reserves.

An audit released last month found that the agency’s cash reserves have shrunk to a level far below what is required by law, and the agency could need taxpayer funding if worst-case scenarios play out.

The audit, designed to measure the agency’s financial health, examined the excess cash the agency must set aside to deal with unexpected losses and found that those reserves were at about $3.6 billion as of Sept. 30, a drop from the $12.9 billion available a year earlier. The current total represents 0.53 percent of all outstanding single-family-home loans insured by the FHA, well below the 2 percent threshold set by law. This is the first time reserves have fallen under that level since 1994.

To stop the financial erosion, the FHA has focused in part on weeding out abusive lenders. This year, the agency has suspended business with seven lenders, including the now-defunct Taylor, Bean and Whitaker. It has withdrawn FHA-approval for 270 others, including Lend America. On its Web site Tuesday, Lend America said it has ceased its loan origination and operations, effective immediately.

The FHA is currently working on a new rule that would require banks it does business with to have up to $2.5 million in capital that they can use to repay the agency for losses if they were involved in fraud. Now, they are required to hold only $250,000.

On Wednesday, Donovan will ask Congress to grant the agency more authority to close down abusive lenders.

Copyright © 2009 www.washingtonpost.com

Single Story For Sale in Pebble Brooke

Annett T. Block — Wed, 25 Nov 2009 01:19:00 GMT

Hickory Model

• 1,176 sq. ft., 2 bath, 3 bdrm single story - $149,900 USD - Perfect

Pebble Brooke, Tallahassee - Three Homes to choose from - Outstanding newer neighborhood in a great location - minutes to Southwood, Capitol, universities and shopping. Award-winning "Hickory" model by Advanced Builders. Light-n-bright living room with vaulted ceilings, ceiling fan, recessed lights & pass through to the kitchen. Eat-in kitchen with ample cabinetry & counter space, and French doors leading to a concrete patio. Popular split bedroom layout. Spacious master with large walk-in closet, 2-sink vanity, tub-n-shower combination and linen closet. Neutral colors and finishes to go with any decor! Convenient inside utility room. 1-car garage. THE perfect starter home!

Property information

Townhouse For Sale in Pebble Brooke

Annett T. Block — Wed, 25 Nov 2009 00:01:00 GMT

Bring Offers

• 1,326 sq. ft., 2 bath, 3 bdrm townhouse - $159,000 USD - NEW o the Market

Pebble Brooke, Tallahassee - Beautiful 2-story townhouse with 1-car garage in Pebble Brooke. Near Southwood offices and close to shopping & business services. Built in 2008, was rented for a year. 3BR/2.5BA/1CG. Desirable end unit in a triplex. Very comfortable floor plan - feels like a detached home! Light & bright living room flows seamlessly into the kitchen & dining area. Convenient downstairs half-bath. Double French doors to a patio just outside the dining room. Kitchen with maple cabinetry, eat-in bar, smooth top range & microwave. Master suite downstairs. Large master bath with his and her vanities, corner glass shower, WC & WIC. 2 upstairs bedrooms share a full bath. Cute landing nook off the staircase - perfect for a little study area.

Property information

Single Story For Sale in Oak Ridge Place

Annett T. Block — Tue, 24 Nov 2009 02:03:00 GMT

A Steal of a Deal

• 1,084 sq. ft., 2 bath, 3 bdrm single story - MLS® $100,000 USD - Priced Right

Oak Ridge Place, Tallahassee - Ain't what it seem from the Street. This 3 BR, 2-bath,1-Car garage looks like just another fine home in Oak Ridge. Once inside, WOW! The spotless home, bright open kitchen, sinfully sumptuos master bedroom, the wirlpool tub, very private yard plus a long list more. Best of all, it's priced for a fast sale! This is perfect for your First Time Buyers or move up Families in every aspect. This is a bargain while owner is moving shortly.

Property information

Single Story For Sale in Menlo Park

Annett T. Block — Mon, 16 Nov 2009 05:24:00 GMT

"REPO Man is Coming"

• 1,360 sq. ft., 1 bath, 3 bdrm single story - MLS® $60,000 USD - Priced below BPO

Menlo Park, Tallahassee - Your last chance to buy a great bargain in Myers Park/ Capital City Country Club without paying foreclosure cost. The home offers a great floor plan with 2 living areas, spacious kitchen, additional sun room, extra storage area and inside utility room. A plus is the fenced in back yard with off the Kitchen.Great potential at just $60,000 is far less than the neighborhood. Needs some work but house has good bones, newer roof, HVAC needs new compressor, easy fixer upper. Buyer to verify all information. Selling "AS-IS" with right to inspect.

Property information

Price Reduced on xxxx Celia Road in Casseaux Estates

Annett T. Block — Sat, 14 Nov 2009 23:03:00 GMT

Casseaux Estates, Tallahassee - Announcing a price reduction on xxxx Celia Road, a lot / land ""We have the Lot, You built Your Home"". Now MLS® $39,500 USD - "Zero Down Payment".

Property information

Lot / Land For Sale in Casseaux Estates

Annett T. Block — Fri, 13 Nov 2009 00:34:00 GMT

"An Offer You Can't Refuse"

• lot / land ""We have the Lot, You built Your Home"" - MLS® $48,000 USD - "Zero Down Payment"

Casseaux Estates, Tallahassee - No Down Payment with government loan program for qualified buyers. Build your Dream Home with no cash for down payment required. Easy Drive in and out of Tallahassee. The lot is High and Dry in a secluded spot, on almost an acre where you can enjoy your privacy and still be so close to town. Great neighborhood with nice homes in surrounding area. Call me today for your house plans.

Property information

Annett T. Block

Facing Foreclsoure

Facing Foreclosure: What to Do Right Now

Breaking News

Homebuyer job No. 1: Check credit report

Existing Home Sales

Single Story For Sale in Goose Creek

Will congress extend the Tax Credit?

Tax Credit not only extended but also expanded!

IRS Sets New Rules for Tax Credit

FHA to toughen rules for borrowers

Single Story For Sale in Pebble Brooke

Townhouse For Sale in Pebble Brooke

Single Story For Sale in Oak Ridge Place

Single Story For Sale in Menlo Park

Price Reduced on xxxx Celia Road in Casseaux Estates

Lot / Land For Sale in Casseaux Estates