My New Blog

Hurricane Season is Here. It starts on June 1st and ends on November 30th. If you are buying a house pay attention to what is going on on Atlantic. Below is map with outlined "box". If hurricane enters this "box" you will not be able to obtain Homeowner Insurance. So, when you have contract on property, start working on getting policy right away.

E-mail me at annachroscicki@bellsouth.net or call me at 772-485-4188 with any questions. Go to www.annacrealestate.listingbook.com to search for listings like Realtor.

If you're thinking about applying for a home mortgage, here's some important news: Beginning June 1, your lender is likely to order a second full credit screening immediately before closing.

The last-minute credit report will be designed to find out whether you have obtained -- or even shopped for -- new debt between the date of your loan application and the closing. If you've made applications for credit of any type -- for furnishings and appliances for the new house, a car, landscaping, a home equity line, a new credit card, you name it -- the closing could be put on hold pending additional research by the lender.

If you've actually taken out new loans that are sizable enough to affect the debt-to-income ratio calculations used in your original mortgage approval, the whole deal could fall through. The added debt load could render you ineligible for the mortgage because you suddenly appear unable to handle the payments without a strain on your household budget.

The June 1 changes are part of a new effort by mortgage giant Fannie Mae to cut down on slipshod underwriting by lenders and fraud by borrowers. Fannie's "loan quality initiative" will require lenders not only to pull two credit reports for each mortgage transaction but to perform additional verifications of borrower occupancy plans for the property, Social Security numbers and Individual Taxpayer Identification Numbers

I am getting all this great and up to date information from John Farwell with Mortgage One Group and you can reach him with any financing questions at 772-486-1689.

If you are interested in Buying ( or selling ) home please call me at 772-485-4188 or e-mail me at annachroscicki@bellsouth.net.

Go to www.annacrealestate.listingbook.com to search for listings like an Realtor.

Sold Price - $106,000

                 Short Sale

Have you been thinking about selling your house ? Call me at 772-485-4188 or e-mail me at annachroscicki@bellsouth.net.

Visit www.annacrealestate.listingbook.com to search for listings like an Realtor. 

1672 SW Boykin               Short Sale Listing

Listed at $129,900          Sold for $127,000

If you have been thinking about selling your property please call me at 772-485-4188 or e-mail me at annachroscicki@bellsouth.net.

Visit www.annacrealestate.listingbook.com to search for listings like an agent. 

495 SW Feldman Ave, PSL, FL, 34953

Another Short Sale Closed..............for $80,000

If you are thinking about selling your property, please call me at

772-485-4188 or e-mail me at annachroscicki@bellsouth.net.

To search for a listings like an agent, go to www.annacrealestate.listingbook.com.

3649 SW Bonwold              $129,900

3 Bedrooms plus Den, 2 Bathrooms, 3 Car Garage

2,230 sq feet under air

Build in 2005;Granite Countertops; Dual sink in Mater Bathroom, etc.

Visit www.annacrealestate.listingbook.com to search for listings like agent.

 

Change in FHA Loans 

The increase of the FHA Up Front Mortgage Insurance Premium from 1.75% to 2.25% takes effect on FHA loans on 4/5/10.  this applies to fHA case numbers applied for by lenders on or after that date.  If you are FHA buyer  make sure that you will have  loan application completed in the next few days if possible.  On a 100,000 loan it will save you 500.00 from being added to your closing costs. So, as you can see changes are coming ( and not for better) for first time home buyers.

I want everybody to know that person keeping me up to date on mortgage related issues ( including this one) is John Farwell - Mortgage Lender with Group One Mortgage. Give him a call at 772-486-1689 to get prequalified.

Visit www.annacrealestate.listingbook.com to search homes for sale on your own. 

So, I had to start negotiations all over. Buyer made offer in April of last year  .This time I have to do everything on Equator ( web based ). Now comes funny part. And that goes to all buyers that that made offers on Short Sale Listing in which mortgage is held by Bank of America.

Bank requires buyer's:

-mailing address ( no big deal, right?)

-phone number ( well, that get a little weird)

-date of birth ( is bank going to serve drinks at closing?)

- first five numbers of social security ( that is line that I think should not be crossed and that is reason why government should interfere in corporation's business).    

Just to clarify - this is seller's bank .