HARP Program looking to help out Homeowners

The HARP program (Home Affordable Refinance Program) has been less than stellar in impact in helping homeowners. On the National level the Obama administration has revamped it to address some of the issues and shortcomings.

Another program the HAMP also has had a limited impact in South Florida, with only about 33,000 permanent loan modifications for struggling homeowners. By comparison, there have been more than 200,000 foreclosure filings since 2007.

See below for links to a great article written by Florida Realtors .com which will catch you up to date. 

Related articles

• Latest HARP program could help more Floridians (georgegmiller.wordpress.com)
• Florida Realtors News article Oct 27, 2011 (floridarealtors.org)

Short Sale for less than $50,000 on an Island!

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Your Credit Report is an important Asset

Image via WikipediaYour credit report can be an asset or a liability to you.  Leonard Baron writes in the Zillow blog that your credit report stays with you for life and it affects the interest rates you pay on all your loans and impacts car and health insurance premiums and sometimes whether you qualify fo a specific job. Click here to read full article posted in Zillow blog.

In SW Florida a credit report of at least 600 is needed to get a loan. One has to be careful of not getting to many credit checks done as I am told each time you have a credit check run it brings down the numbers on your credit report.  SW Florida includes Cape Coral, Fort Myers, Lehigh Acres, Bonita Springs and N. Fort Myrs.