Lakeland Florida Real Estate Market Report for November 2008 – Wonder how many Realtors® got paid?

Hi folks! November proofed to be one of the slowest months since January in sales history for this year with only 105 homes sold in Lakeland. Lakeland has about 135 homes sold average this year. I wonder how many Realtors® received a commission check in November or even this year alone. Let’s take a closer look how long it would take to sell all these homes? According to the Multiple Listing Service (MLS), there are currently over 2600 properties for sale and/or pending (waiting to close). At an average rate of only 135 homes being sold per month, it would take approximately 18 months to absorb Lakeland’s entire inventory without putting any new listings on the market. How long has your property been on the market?
Thinking about dropping the price – stop chase the market!

The average sold price for a Lakeland home in November decreased by 16% from the previous year of $184,486 to $160,282.

Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”.


For more information on the location of these sold properties in Lakeland, price and size of the home click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.


Check out the graph here, overall the average list price has decreased below 180,000 since the beginning of this year in Lakeland. The average sold price so far this year amounts to $165,000 in Lakeland.


The graph below will give provide detail information of how many homes sold in Lakeland by Zip Code and by month.


Distressed properties are homes in pre-foreclosure, foreclosure, bank owned, as well as short sales – Of the 105 homes sold last month, 38 homes were sold with an average sales price of $123,287. Only 9 homes were sold the previous year, due to Short Sales and/or Foreclosures.

There are currently 502 homes facing foreclosure.

110 homes are in pending status waiting for bank or lender approval to close.

What is the average price for these types of homes?

In Lakeland, you will find distressed properties in every price category. The average price currently listed is $142,945. The priciest home currently on the market is listed for $540,000 and the lowest priced home is $22,900.

Let’s take a look at last month sold report for the surrounding cities in Polk County:

Check out Florida Mortgage Blogger Kevin Sandridge blog regarding sales in Winter Haven – 56 properties sold – average sold price $126,969 – average $73.11 per sq.ft.

Bartow – 6 properties sold – average sold price $91,650 – average $59.13 per sq.ft.

Mulberry – 5 properties sold – average sold price $138,328 – average $82.83 per sq.ft.

Auburndale – 10 properties sold – average sold price $294,897 – average $94.29 per sq.ft.

Polk City – 3 properties sold – sold price $109,036 – $62.94 per sq.ft.

If you are interested in a specific area or neighborhood, feel free to contact me at petra@petranorris.com or click the search button below.


Copyright © 2008 http://www.petranorris.com| All Rights Reserved|

Lakeland Florida Real Estate Market Report for November 2008 – Wonder how many Realtors® got paid?

Petra Norris – CDV TransAtlantic, Inc. – Licensed Florida Real Estate Broker –

PO Box 92050 – Lakeland, FL 33804-2050 –

Telephone (863) 619-6918

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Music of the Season – Lakeland’s Harrison School for the Arts

Music of the Season on December 11th, 2008 @ 7:30 p.m. is by far one of the best concerts being performed during the Christmas holiday season and this year’s performance by the Choral and Orchestra Department will be no different – I promise.


The Choral Department will present Johann Sebastian Bach’s Cantata BWV 142 (Bach-Werke-Verzeichnis – Bach Works Catalogue) “Uns ist ein Kind geboren – Unto us a child is born” together with Harrison’s Orchestra Chamber Group lead by Judy McLaurin

 

 

 

 

 

 

Cantata BWV 142 Uns ist ein Kind geboren        Johann Sebastian Bach

  1. Concerto
  2. Chorus – Uns ist ein Kind geboren
  3. Aria – Dein Geburtstag ist erschienen
  4. Chorus – Ich will den Namen Gottes loben
  5. Aria – Jesu, dir sei Dank gesungen
  6. Recitative Immanuel
  7. Aria – Jesu, dir sei Preis gesungen
  8. Chorus – Alleluja

 

After intermission, the Orchestra will take the stage and present Holiday favorites such as “Festive Sounds Of Hanukah arranged by Bill Holcombe; “In the Bleak Midwinter” by Gustav Holst -setting by Robert W. Smith; “Sleigh Ride” by Leroy Anderson and for the whole audience to join and sing along with the Harrison Symphony and Harrison Singers is “Christmas Music for Orchestra and Voices” arranged by John Cacavas

Tickets are selling fast! You can purchase your tickets online at www.harrisonarts.com. Tickets are $7.00 for adults and $5.00 for students and senior citizens.

 
 

 
 

Copyright © 2008 http://www.petranorris.com| All Rights Reserved|

Music of the Season – Lakeland’s Harrison School for the Arts

 Petra Norris – CDV TransAtlantic, Inc. – Licensed Florida Real Estate Broker –

PO Box 92050 – Lakeland, FL 33804-2050 –

Telephone (863) 619-6918

Lakeland Florida First Friday – Holiday Happenings

Are you in the Holiday Spirit yet? Throughout this year on the first Friday of every month and Friday, December 5th, 2008 the Downtown Lakeland Partnership prides itself of hosting and organizing First Friday. This monthly celebration offers a different theme each month. This family celebration of the “Dog Days of Summer“, “Back to School“, and “Art Walk” were very successful.

Opening the local newspaper or looking online for things to do in Lakeland throughout the year, I’m so impressed by Lakeland and its communities coming together and provide programs such as First Friday, Mayfaire-by-the-Lake, Lake Mirror Classic Car Show, Annual Christmas Parade or the Annual Snowfest on Saturday December 6th at the Lake Mirror Complex, just to name a few, for folks like you and me.

 

 

This month First Friday theme in Lakeland is “Holiday Happenings”. Downtown Lakeland will give shoppers the opportunity to stroll around Munn Park with its beautiful Christmas Décor while shopping and dining for gifts at various local specialty stores to find a special gift for that special someone. The Lakeland Police Department is hosting pet friendly Santa with photos. Christmas carols, entertainment and activities will surely fill your evening plans.

Hopefully the slide show below brings you in the Holiday Spirit – Enjoy the pictures!

  

 
  

Don’t miss the Classic Car Show on Tennessee Avenue!

  

 

The free event is December 5th and starts at 6:00 p.m. – 9:00 p.m.

 

 

 

 

Copyright © 2008 http://www.petranorris.com| All Rights Reserved|

Lakeland Florida First Friday – Holiday Happenings

Petra Norris – CDV TransAtlantic, Inc. – Licensed Florida Real Estate Broker –

PO Box 92050 – Lakeland, FL 33804-2050 –

Telephone (863) 619-6918

Believe Me, Your Rate Lock Expires Sooner than You Think!

Your 30-day rate lock is really a 12-day rate lockOn Wednesdays, the Mortgage Bankers Association (MBA) releases a Weekly Applications Survey, which is a detailed analysis of new mortgage applications submitted over the past week.

More than likely, this week’s MBA report will tell us precisely what most of us already know – a whole lot of mortgage activity has roared to the forefront due to plunging mortgage rates – and a lot of it is taking place right here in Lakeland, Florida.

Hopefully, you’re one of many who are taking advantage of today’s low mortgage rates.  If so, I please read and understand this statement:

When your rate was “locked,” it was done so with an expiration date!

More than likely, that rate lock was set for thirty (30) days.

Some of you may be thinking… “Wow, 30 days is a long time! That’s a whole month of secured-rateness!” (Not really a word, of course.) While you may feel that 30 days is a lot of time, I offer you these words from our good friend Mr. Lee Corso of the ESPN College Football Game Day program:  Not So Fast My Friends! Especially if your rate locked before Thanksgiving, as these lock periods will lose a total of 14 days due to weekends and holidays – not to mention the 4 days you lose because of the Right To Cancel clause.

In truth, your 30 day lock really nets about 12 “working” days to underwrite and approve your mortgage – which is not much time at all.  What’s worse is that underwriting departments at even the largest lender companies have been so severely downsized of late that they are woefully understaffed to where they struggle managing a moderate work flow in a timely manner.  The fact that December is a prime vacation month doesn’t help things much, either!  (If you sense urgency here… Good.  That’s the point!)

So, Kevin.  How Do I Make Sure My Loan Closes Before My Rate Lock Expires?

I’m so glad you asked!  The best ways for you to help your Florida mortgage broker close your loan before your 30-day rate lock expires is to be as responsive as possible with all of your “homework” items:

  • Return to your mortgage broker, by fax if necessary, all pay stub, insurance declaration pages, bank statements (all pages, even that blank one at the end!), etc. the same day they are requested
  • Appraisers are getting busy again, so be sure to schedule your required appraisal as soon as possible
  • If a closing date is scheduled, stick to it.  Delaying your closing date by even one day can negatively impact your rate lock.

chimpTime is money folks, in this case… Yours!  Mortgage rates are hovering around 3-year lows, and the number of homeowners refinancing their loans is growing.  Lender underwriting departments are so overworked now that they’re screaming like a pack of scalded chimps – and the problem will only get worse!  If you’ve been thinking about refinancing your Florida home loan, the time is now.  If you already have a loan in system, please be sure to stay on the ball to keep your 30-day rate lock from expiring.


THE FLORIDA HOME LOANS SPECIALIST

I hope you enjoyed this article, you can find more like it at my Florida Mortgage Blogger site. As your Florida Home Loans Specialist, I’m here to answer any questions you might have about the mortgage industry. If I can help you locate financing for your Florida home purchase or assist you with a refinance, please do not hesitate to contact me at 863-604-3019.

Mortgage Rates Remain Low… But May Rise on Week’s News

Hi fellow readers! Today I would like to take this opportunity to introduce my guest author and Florida Home Loan Specialist Kevin Sandridge of Signature Home Funding. He will periodically provide you with the insight of the mortgage industry on my blog. I’m sure you’ll enjoy his reading and insights as evidenced by his blog posts.


The Unemployment Rate is expected to reach 6.8 percent in November 2008

Mortgage markets rallied last week thanks to Government action that took mortgage rates lower for the second week in a row. In the face of less than stellar housing numbers and signs that our economy may still be slowing, mortgage rate shoppers here in Winter Haven and Lakeland, Florida were presented with a few reasons to rejoice.

  • Citigroup was “rescued”
  • Wall Street approved of the new economic team
  • The government promised to put up $600 billion to buy investment-grade mortgage bonds

Working together, these three things contributed to mortgage rates that are at lows we have not seen since the first part of 2008 — in some instances seeing as much as a full percentage point reduction off the offered rate.

Refinance Activity Increases

The rate drop has been no secret to homeowners as they rushed to refinance their mortgages in near record numbers — especially those with ARMs who might be facing sharp payment increases.  Proof of this comes as at at least one national mortgage bank reported that more loans locked on Tuesday, November 25 than were locked during the first 24 days of the month combined.  This is all very exciting. However, low rates rarely stick around.

The last time that rates dropped like they did last week, markets bounced back within a week and rates returned to “normal.”  We might very well see that happen again.

Fed Members Due for a Big Show

This week, 5 members of the Fed will appear publicly, including Fed Chairman Ben Bernanke.  The Fed’s next meeting is scheduled for December 15, and as always, markets will be looking for signs as to what, if any, changes the Fed may make regarding the Fed Funds rate. As you know, when the Fed Funds Rate falls, mortgage rates usually rise – at least initially.

Retailer Same Store Sales Figures Due Thursday

This week also provides us with retailer reports regarding their November “same store” sales figures.  These numbers should help us gain a better understanding of exactly how healthy the economy really is, as consumer spending comprises two-thirds of it.  If same-store sales come in asexcessively low, expect calls for the Fed to deliver a large rate cut.

Friday Jobs Report

November employment numbers arrive on Friday.  These numbers have been terrible all year, so November job numbers will have to be very, very bad  – causing a huge spike in unemployment in order for us to see any significant impact on mortgage rates.  This said, we could actually see a bit of an uptick in mortgage rates as more out of work Americans could result in greater number of mortgage defaults across the nation.  If the Fed cuts rates, esp, weak jobs data should be harmful to mortgage rates because more out-of-work Americans could result in more mortgage defaults across the nation.  If the Fed cuts rates, expect mortgage rates to climb for sure.

(Image courtesy: The Wall Street Journal Online)


THE FLORIDA HOME LOANS SPECIALIST

I hope you enjoyed this article. As your Florida Home Loans Specialist, I’m here to answer any questions you might have about the mortgage industry. If I can help you locate financing for your Florida home purchase or assist you with a refinance, please do not hesitate to contact me at 863-604-3019.

Entertainment and Things to do without spending a Dime – Polk County Florida

The holiday season is a time for giving and receiving. It also can be as delightful and stressful at the same time. With today’s economy, parents try to figure out how much to spend on gifts on their children and how to pay for these gifts when money is tight. There are lots of free activities and entertainment happening here in Lakeland and the surrounding cities in Polk County, Florida for you to enjoy. So take a look at my list below and I’m sure there is something for you and your family to do and best of all – it’s free.

Tuesday, December 2nd

Annual Holiday Walkabout Lakeland from 6-9 p.m. Location: Downtown Lakeland

Community Christmas Concert

The concert will be held at Bush Chapel at Southeastern University in Lakeland at 7:30 p.m.

Wednesday, December 3rd

Ridge Art Association Exhibit in Winter Haven – the exhibit will be shown through December 21st with a reception on December 6th at 6:30 p.m. and is shown at the Chain of Lakes Complex in Winter Haven.

Thursday, December 4th

Annual Christmas Parade in Lakeland which starts at 7:00 p.m. The parade will go around Lake Mirror.

Friday, December 5th

“A Winnie The Pooh Christmas Tail” – a Whirly Gig production in the theatre at Lake Gibson High School at 7:00 p.m. in Lakeland. There are 2 more shows on December 6th at 2:00 p.m. and 7:00 p.m.

Guitarist Robert Phillips presents a free concert at Lakeland’s St. Joseph’s Catholic Church at 11:30 p.m.

Art Exhibit opens at J. Rowan Galleries, Inc. at 123 S Kentucky Ave. in Lakeland. Digital photography show from students at Lawton Chiles Middle Academy will be on display through December 15th.

First Friday in Lakeland – “Holiday Happenings” in Downtown Lakeland from 6:00 p.m. – 9:00 p.m.

Art Show opens at Arts on the Park at 115 N. Kentucky Ave. in Lakeland the theme will be “Old Florida” and the reception is from 6:00 p.m. – 9:00 p.m.

Glitter, Glisten & Snow in Haines City – craft vendors, entertainment, Santa & Mrs. Claus, free roasted chestnuts and much more will be at New Park Complex Haines City from 5:00 p.m. – 9:00 p.m.

Saturday, December 6th

Chain of Lakes Holiday Boat Parade will start at Lake Mary in Winter Haven which begins at 6:30 p.m.

The Haines City Christmas Parade will begin at 10:00 a.m. at Eighth Street

Family Fun Workshop Lakeland is presenting a photo collage at the Polk Museum of Art in Lakeland and it starts at 10:30 a.m.

Sunday, December 7th

Polk County Community College music students presenting its annual “Holiday Concert at 2:30 p.m. at the Winter Haven Fine Arts Theatre.

Bartow Adult Concert Band is performing at the Bartow Civic Center 2250 S Floral Ave. in Bartow at 2:30 p.m.

Friday, December 12th

A “Holiday Art Fest” takes place in downtown Lakeland – photo with Santa, holiday music, art show starting at 6:00 p.m.

Annual Christmas parade in Bartow starts at 6:00 p.m. at IMC Park. The museum will be open until 8:00 p.m. for viewing of Festival Wreaths.

Saturday, December 13th

Family Fun Workshop Polk City is presenting a photo collage – a Polk Museum Art event at Polk City library and it starts at 10:30 a.m.

Sunday, December 14th

Antique Fair in Bartow along East Main Street and Central Avenue starting at 8:00 a.m. – 3:00 p.m.

Tuesday, December 16th

Christmas Music “Sing Along” at the Lake Morton Senior Center in Lakeland – Music by Broadway to You’s Floyd Love with Norma Plank on piano starting at 10:30 a.m.

Curator Tour at Lakeland’s Polk Museum of Art – walking tour of “Miroslav Antic: Family Album” starting at 10:30 a.m.

Friday, December 19th

Foxhall Winds at St. Joseph’s Catholic Church in Lakeland – it begins at 10:30 a.m.

Remember, all the activities and entertainments listed are free of charge – all you have to bring is your good spirit and your family, I’m sure there is something for everybody to enjoy in our beautiful cities of Polk County, Florida


Copyright © 2008 http://www.petranorris.com| All Rights Reserved|

Entertainment and Things to do without spending a Dime – Polk County Florida

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

P.O. Box 92050 – Lakeland, FL 33804-2050

Telephone (863) 618-6919

Lakeland Florida Homes New on Market Report 09/28-10/04

Hi fellow readers, there are currently 2,386 homes for sale in Lakeland, Florida. The average sales price is $226,141 and the average size of a home is 1,869 square foot, which calculates to $121 per square foot.

The average listing price for this week’s new homes on market in Lakeland is $208,465 with average square feet of 1,746.

Altogether, there were 89 homes newly listed with area Realtors®, an increase by almost 17% from the previous week. The lowest priced home that came on market in Lakeland is $29,900. The highest priced home new on market is a 2006 Rutenberg luxury lakefront residence offered at 2,100,000.00 and is located in the HIGHLANDS-BY-THE-LAKE Subdivision on Banana Lake. There are 6 manufactured homes listed with an average price of $100,700, 6 condominium units listed for an average price of $147,366 and 77 single family homes with an average price tag of $221,623. The data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. All my reports are illustrated by zip codes and maps providing you a better guidance when searching for homes in Lakeland, Florida.

  • 33801 – 8 properties – average list price $76,893
  • 33803 – 11 properties – average list price $269,545
  • 33805 – 8 properties – average list price $125,625
  • 33809 – 5 properties – average list price $207,411
  • 33810 – 21 properties – average list price $164,119
  • 33811 – 8 properties – average list price $188,700
  • 33812 – 5 properties – average list price $656,960
  • 33813 – 20 properties – average list price $220,530
  • 33815 – 3 properties – average list price $93,233

For more information on the location of the properties, pricing and size of the home click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.

What is more interesting is that of the 89 homes newly listed for sale, 29 properties for sale in Lakeland, Florida are distressed homes with an average list price of $142,819. These homes price range from $32,200 – $299,000. Distressed homes are homes currently in pre-foreclosure, bank-owned, foreclosure and or trying to get approval for a short sale.

Like what you see – want additional details on a specific property? Look no further, click on the “Search for Homes” icon.

Copyright © 2008 http://www.petranorris.com| All Rights Reserved|

Lakeland Florida Homes New on Market Report 09/28-10/04

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

P.O. Box 92050 – Lakeland, FL 33804-2050

Telephone (863) 618-6919

Lakeland Florida – First Friday’s Theme is Art Walk

The Downtown Lakeland Partnership prides itself of hosting and organizing First Friday. This monthly celebration offers a different theme each month. This family celebration of the “Dog Days of Summer” and “Back to School” were great success.

 

 

 

This month First Friday theme in Lakeland is “Art Walk”. I’m always impressed of what Lakeland has to offer with the art exhibits. I’ve visited various exhibits, such as the memorable Butterfly Exhibit in Munn Park and the Swan exhibit throughout Lakeland, which was well received within this community and I’m anxious to see another great art exhibit featuring sculptures. You be able to vote for your favorite sculptures displayed along Lemon Street Promenade. An opening reception for “Oncology on Canvas”, an exhibit of international art created by cancer patients, their families and health care providers, was announced by The Watson Clinic Foundation, Arts in Medicine and J. Rowan Galleries, Inc. Art Galleries throughout Downtown Lakeland will have art reception. 

Students from the Harrison School for the Arts will be performing in Munn Park, as well as performances from local artists bringing entertainment for the entire family along the streets. As always, during Lakeland’s First Friday, shops and restaurants stay open late. Are you a classic car show fanatic – then you’ll have plenty to see along Tennessee Avenue?

Newsflash – Update! Students from the Harrison School for the Arts have been rehearsing everyday for the upcoming Musical Theater performance “Pirates of Penzance this month. They will showcase their talents with a sneak preview at 6:30 p.m. 7:15 p.m. and 8:00 p.m.

 

The free event is October 3rd and starts at 6:00 p.m. – 9:00 p.m.

 

 

 

 

Copyright © 2008 http://www.petranorris.com| All Rights Reserved|

Lakeland Florida – First Friday’s Theme is Art Walk

Petra Norris – CDV TransAtlantic, Inc. – Licensed Florida Real Estate Broker –

PO Box 92050 – Lakeland, FL 33804-2050 –

Telephone (863) 619-6918

Lakeland Florida Homes New on Market – Weekly Update for 9/21/08

Hi fellow readers, there are currently 2,369 homes for sale in Lakeland, Florida. The average sales price is $229,252 and the average size of a home is 1,871 square foot, which calculates to $122, 53 per square foot.

The average listing price for this week’s new homes on market in Lakeland is $244,924 with average square feet of 1,999.

Last week, there were 74 homes newly listed with area Realtors®. The lowest priced home that came on market is $21,000 and the highest priced home new on market is listed for 2,550,000.00 which is a newly built home by Duane McQuillen Construction located in the Crescent Woods Subdivision in South Lakeland. There are 4 manufactured homes listed with an average price of $64,600, 5 condominium units listed for an average price of $183,760 and 65 single family homes with an average price tag of $260,726. The data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. All my reports are illustrated by zip codes and maps providing you a better guidance when searching for homes in Lakeland, Florida.

  • 33801 – 6 properties – average list price $110,883
  • 33803 – 11 properties – average list price $195,090
  • 33805 – 6 properties – average list price $167,743
  • 33809 – 9 properties – average list price $237,811
  • 33810 – 15 properties – average list price $183,066
  • 33811 – 6 properties – average list price $261,350
  • 33813 – 19 properties – average list price $409,809
  • 33815 – 2 properties – average list price $32,950

 

For more information on the location of the properties, pricing and size of the home click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.


What is more interesting is that of the 74 homes newly listed for sale, 21 properties for sale in Lakeland, Florida are distressed homes with an average list price of $149,333. Distressed homes are homes currently in pre-foreclosure, bank-owned, foreclosure and or trying to get approval for a short sale.

 

Like what you see – want additional details on a specific property? Look no further, click on the “Search for Homes” icon.

 

 

 

Copyright © 2008 http://www.petranorris.com| All Rights Reserved| 

Lakeland Florida Homes New on Market – Weekly Update for 9/21/08 

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

P.O. Box 92050 – Lakeland, FL 33804-2050

Telephone (863) 618-6919

CS/HB 643 Florida Foreclosure Fraud – Protecting Homeowners in Lakeland Florida

First of all, I am not an attorney and therefore this blog is for your information only. If you are facing foreclosure, it is important that you seek an attorney, who specializes in foreclosure. 

What is Foreclosure?

Foreclosure is an action by the lender to take back your property. If you have been served with a foreclosure complaint, in the State of Florida you and/or your attorney have 20 days to respond to this notice. It is critical that you hire an attorney, who specializes in foreclosure. You still have the right to fight foreclosure, however hiring an attorney is essential. There are steps you can take when you cannot make or have already fallen behind on your mortgage payments.

  • Contact your lender immediately
  • Work out a prepayment plan with your lender
  • Modify your current mortgage by extending the length of your loan
  • Piggy back past due amounts

Another option would be Forbearance. Your lender may allow you to delay payments for a short period of time, with the understanding that another option will be used afterwards to bring the account current.

Did you know that your foreclosure notices (Lis Pendens) are public record?

This is the most vulnerable time of your life and scam artists just waiting for you to fall for it with all kinds of tricks up their sleeves:

Lease-Back or Repurchase Scams – they simply try to convince you that they will continue paying your mortgage and renting the home back to you by signing the deed over to them. You could be out of your home and still be held responsible for your mortgage. Don’t be fooled!

Bait and Switch – posing as mortgage brokers or lenders offering to refinance your loan with affordable rates and payments by con you into signing over home ownership instead of refinance documents. Don’t be fooled!

Phantom Help – charges you high fees upfront for work you as a homeowner could do yourself.
Don’t be fooled!

Foreclosure Prevention Specialist – phony counselors, if it is too good to be true turn the other way. Don’t be fooled!

Don’t sign any documents, such as your deed to your home. The Federal Trade Commission’s web site
has some valuable information regarding avoiding foreclosure as well as info for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help you spot, stop, and avoid them.

 

On October 1, 2008 the Florida Foreclosure Fraud protecting homeowners will go in effect.

In 2007, an estimated 150,000 foreclosures were filed in the state of Florida. Unfortunately, this created for scam artists and criminals a niche market by defrauding homeowners making false promises to save homeowners from foreclosure. Foreclosure rescue consultants and/or equity buyers are prohibited from starting services without first executing a written agreement with you, the homeowner, and charging upfront fees before completing or performing all services as agreed. There are further protections with regard to cancellation of such agreement, and other prohibited acts of offering or providing foreclosure related services you should read in this bill.

 

 

 

Copyright © 2008 http://www.petranorris.com| All Rights Reserved| 

CS/HB 643 Florida Foreclosure Fraud – Protecting Homeowners in Lakeland Florida 

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

P.O. Box 92050 – Lakeland, FL 33804-2050

Telephone (863) 618-6919

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