Florida

When a buyer considers buying a home where there is a person selling their home to the new buyer, the seller is required to fill out a Seller's Disclosure noting all that they know about the home. There is disclosure.

When a buyer is considering a Bank Owned Home or REO, there is no seller disclosure. The Bank says I don't know; I never lived there. I don't know.

The person that lost the home to the bank in a foreclosure may have been really mad and could have done something to the home that is not easily observable - flush cement down the pluming, flood the house and turn the heat up as high as they can and laugh about the moisture issues the bank will now have to deal with. It is really criminal what some disgruntled home owners have done.

So...as the new potential home buyer, it is ALWAYS a good idea to get a thorough home inspection with a reputable home inspection company with the water and electricity turned on. The Bank should turn the utilities on for the home inspection, however occassionally the buyer will have to fit this bill.

You have to exhibit a lot of wisdom in buying a home.

Sometimes a great deal is not such a great deal for the new buyer, but a great deal for the seller. Protect yourself, please, by paying for a home inspection. This is a buyer's expense. With a termite inspection the cost of a home inspection should be $425 approximately, depending on the square footage of the house.

Please let me know if there are any questions I can answer for you.

Looking forward to hearing from you.

Warmly,
Stephanie LeFew
Tampa Real Estate done Right
www.TampaHomeBuy.com
Tampa Home Buy Realty
813-991-1355 office
813-624-3332 cellular
stephanie@tampahomebuy.com

U.S. Treasuries suffered a setback Thursday when 3^rdquarter GDP grew at a stronger-than-expected 3.5% clip. Economic growth was spurred by construction spending, a slowing of inventory reductions and a huge amount of government stimulus, which could inflate the numbers.

Treasuries see-sawed earlier in the week, as traders fretted over supply concerns (all the auctions went well), ups and downs on Wall Street, and good economic news. Last week also ended the Fed purchase of Treasuries, which was introduced in March to keep mortgage rates low. Whether the Fed or market conditions made it happen is under debate.

Tuesday's unexpected drop in consumer confidence boosted bonds. It fell to 47.7 from 53.4. Separately, Case-Shiller reported that home prices in August rose 1.2% in 20 major cities, but this had little impact on bonds.

A 3.6% drop in new home sales for September -- the first decline in six months -- sent stocks down on concerns regarding consumer strength and economic recovery, but Treasuries benefited from safe-haven buying. The 7.5-month inventory of unsold homes is at its lowest level since November 1982.

Durable goods orders rose by a predicted 1% in September, thanks to demand for machinery, capital goods and defense spending. This is the fourth increase in six months. Meanwhile, inventories fell for the ninth straight month.

Thursday's first-time unemployment claims showed a decline of 1,000 to 531,000, while the four-week average fell to 526,250. Once again, continued claims declined, with the number of people collecting benefits for more than one week dropping to 5.8 million -- the fewest since March.

Bonds responded well to early news Friday, as personal income for September was unchanged. Personal spending slid an expected 0.5% from its previous 1.3% gain, as "clunkers" ended. This confirmed that consumers have a way to go when it comes righting the economy. Core prices rose 0.1% -- good news for inflation-watchers.

Bonds closed the day with big gains that sent yields, which move inversely to price, tumbling due to a major sell-off in the equity markets.

The Chicago PMI on October manufacturing conditions jumped to 54.2 from 46.1, indicating expansion. And the University of Michigan consumer sentiment survey for October climbed to 70.2 from 69.4, perhaps signaling a more positive outlook.

In spite of a slight dip in mortgage rates during the week ended Oct. 23, the Mortgage Bankers Association reported a hefty decline in mortgage applications. Refinancings fell 16.2%, while purchase apps were down 5.2%.

Numerous reports are scheduled this week, but only a few pack a wallop. One is Wednesday's meeting of the Fed. Even though the Committee is not expected to touch interest rates, there is concern about a language change. The Fed has said repeatedly that it will keep interest rates low for an "extended" period of time. If "extended" stays there will be a big sigh of relief in the bond pits. If it's eliminated, selling will likely erupt as fears of a rate increase come to the fore.

Friday's employment report for October could impact the markets, but declines in job losses don't move the markets like the huge losses posted earlier this year did. Job losses are expected to come in at around 165,000; that's 100,000 fewer than the previous month. But the unemployment rate should rise to 9.9% from 9.8% in September.

Monday's ISM index on manufacturing conditions is another one to watch. It's expected to edge up to 53 from 52.7, which bonds would deem acceptable increase. Separately, construction spending for September is predicted to fall 0.4% versus a 0.8% rise in August.

In addition to Wednesday's Fed meeting, the ISM index on the service sector is due and could rise to 51.7 from 50.9. A larger increase might rattle the markets.

Thursday's first-time claims for the week ended Oct. 31 are unknown. Fortunately, the numbers are getting smaller and have less impact. The other report scheduled, 3^rdquarter productivity, is expected to rise 5.8%, down from the previous 6.6% increase.

Quarterly earnings reports are also wrapping up, but they can definitely affect buying and selling in the bond markets. Whether or not that happens won't be known until it happens.

Joyce Kelley, CBR, SREE - 800-309-3414, The Lead Buyers Agent to Charles Stallions here in Pensacola, Pace and Gulf Breeze, Florida. Being a buyers agent allows me to really WOW my customers, devote the time needed for them to choose and pick the PERFECT home. I don't have to weigh my decisions on the sellers needs or any third party. 100% totally to the buyer. Being the Lead Buyers Agent means I set the Standard of which our team will be judged. I want the EXPERIENCE to be spectacular and any thing less is unacceptable. Call Joyce and meet first hand some of the many buyers that we have helped buy a home where you are not another buyer, are family.

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Pensacola, Pace and Gulf Breeze Homes for sale

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida. E-mail joyce@charlesstallions.com or click here for foreclosures, short sales or homes for sale or rent in Pensacola, Florida. Charles Stallions Real Estate Services located in Pensacola Florida, a 12 member team of local experts on Loan Modifications, Certified Residential Specialist, Distressed Property Specialist with fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We are the company you keep, with your one stop office for Property Management, Title and Closing Solutions, FHA, VA, Conventional Loans, Termite and Pest Control, Land Surveyors, Around the House repair company, Legal Service Provider in Pensacola Florida. Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

This was a great day! I just had a short sale come back approved in less than 30 days pending!

I love Wells Fargo. I listed the home preparing the seller for a long painful process that would take 6 months to a year to complete. I advised her to call her lender to let them know she wanted to do a short sale.

The NEXT day, I get a call from the assigned negotiator. That same day, I get a call from the BPO agent! THIS WAS BEFORE I EVER HAD AN OFFER!

Within two weeks I get the unit under contract with a realistic buyer with a 90 day approval deadline.

The seller provids all required documents, and we sent in the contract.

(light at the end of the tunnel, and this was a short tunnel)

I get a call from the negotiator the next week with some questions, and some required changes for the HUD. No big deal.

Then, today, I get the call that the deal is approved, and the WRITTEN approval is on its way.

The only down side is that the deal has to close THIS MONTH. Wow, I called the buyer's agent who was in disbelief. They were expecting a close next year, and hopeful that we would get a response in 90 days.

This is how all short sales should go. Kudos to the Short sale dept at WELLS FARGO.

I hope this is a sign of things to come for 2010!

If you need help with selling a short sale in Manatee County Call me today. Free advice, and no cost short sale assistance. Helping buyers and sellers in Manatee county for the past 7 years.

Joe Murphy 941-780-3260

www.manateemoves.com

Charles Stallions, a saved by the grace of God husband married for over 20 years to the wonderful Mrs. Pat. We have the greatest pleasure of living in Pensacola, Florida with our 3 beautiful daughters, Rachel, Riana and Rebekka. Pensacola, Florida where the SON is always shining and each day is better than the next.

Along with my wonderful Team, we sell Real Estate and the American Dream to investors and buyers that realize owning property in Pensacola and the gulf coast of Florida can make it more than a home, it can be an investment in yours and your families future for generations to come.

God Bless you, your family and please click here to take a look at what we can offer you along the gulf coast and panhandle of Florida or Call Now 800-309-3414 Charles Stallions Real Estate Services Inc 139 E.Burgess Rd. Pensacola, Florida 32503

Motivational Power Quote

Maximize Your Opportunities

"Opportunities multiply as

they are seized."

John Wicker

As I see it. . . . . . . .

Maximize your opportunities.

Opportunities come in many shapes and sizes with each one bring with it unique potential when we effectively acted on them. Each opportunity has the capacity to move us closed to our goals and objectives.

To maximize your opportunities it important to seize each opportunity that presented to us. As you seize your opportunities your opportunities multiply into an unstoppable force.

When you seize your opportunities you turn them into unlimited potential.

®2009, Lou Ludwig, Sales and Management Consultant Executive Coach, Speaker, Trainer and Author