Felix's Real Estate Blog

If you’ve been waiting for interest rates to fall again before buying or refinancing, don’t wait too long...your time has come!  Interest rates are once again nearing historical lows, and just in time for the home buying season.   Although rates were not expected to fall this low so soon, the ave...

With 2015 on the horizon, national home loan limits have been set, with no considerable changes from teh current 2014 loan limits. CONVENTIONAL LOAN LIMITS For all of Florida, with a higher exception for Monroe County (the Florida Keys), maximum conventional loan limits, which encompass Fannie Ma...

This week we continue with Part 2 of the Top 10 Mistakes Home Buyers Make.  If you missed Part 1, click HERE to read it now. So your home search has finally come to fruition and you have found a house you love.  You are now ready to make an offer.  Remember, presentation is everything! 6. Making ...

The home buying process can be an exciting endeavor or one fraught with problems.  There are so many steps in the process, from search to close, that mistakes and omissions are bound to happen. But, you can work with a buyer's agent that will guide you carefully through the landmines and help yo...

The Florida Housing Finance Corp., which was created by the Florida Legislature, offers a popular $10,000 Down Payment Assistance Program to qualified homebuyers.  There is NO interest and NO payment on the funds, and can be used for a combination of down payment and closing costs.  Yes folks, i...

Being a Realtor in South Florida, I receive numerous calls regarding bank-owned foreclosures (REO’s).  However, I try hard to educate my buyers to realizing that these REO’s can be challenging.  That doesn’t mean you can’t secure one.  It just means you need to do your homework and be prepared f...

You visited your local bank, got your pre-approval and are ready to go shopping for a home.  Not so fast!  That pre-approval may be worthless. During the past few years we have seen more financing fall through, AFTER a contract is in place, than ever before.  It's frustrating, not to mention emba...

Some of the nation's top lenders have established separate emotional counseling departments and have assigned loan modification and short sale negotiators to help counsel emotionally distressed borrowers.  The negotiators are trained to assess the level of distress in each borrower, have compassi...

Short Sale Horror Story! Halloween is just around the corner.  What better way to celebrate than to share a short sale horror story and bank debacle. This, of course, is a TRUE story.  I have decided to name the lenders/bank, but not the representatives or agents.  I have no problem holding the l...

     My last post opened up a flood of comments!  I also received numerous calls and emails from many of you.  Therefore, I am expanding on the subject with this second part.      Now, I know some of my comments are going to get readers all riled up.  Some lenders and their representatives have b...