Deltona, FL

By my nature, I am an optimist that does his level best to present the facts that allow my readership to make their own informed decisions.

Clearing up a few myths... Social security will run out in 2016 if something is not done right away is not quite an accurate statement. Click here to see an interesting article from a senior editor at Money Magazine.

"It seems like everyone got away with insider trading when the market crashed" ...well not exactly. It has been announced that an Ex-Morgan Stanley Banker will have 7 years to think about his lack of good judgment. Click Here to see his story of incredible greed.

"Homeowners are better off with a loan modification". Statistics show that 25-40% end up going delinquent after their loan is modified, and that 90% end up with a higher loan principle balance after it is completed. Click here to see what the Florida Association of Realtors had to say.

Keeping an eye on the markets for you is my business. Please keep those much appreciated referrals coming in.

If you know anyone purchasing a home, selling a home, or refinancing a current mortgage, I am a home pricing specialist.

I am your one stop shopping choice. Sell your home with me today. Find out how your home can qualify to be featured on realtor.com.

What you don't know could cost you! I am sure everyone has heard the "gloom and doom" news about short sales and foreclosures. As I am also sure there are some very confused, homeowners out there. I get asked on a frequent basis ,what is the difference between a short sale and foreclosure, they both effect your credit don't they? True but I have placed just a few differences between short sales and foreclosures below:

1. With a foreclosure your credit score may drop from 250 to more than 300 points, however with a short sale your credit score may drop as little as 50 point.

2. Foreclosure's will stay on your credit for 10 years or more, short sales are not specifically reported on a credit history. The loan is typically reported 'paid in full, settled'.

3. With a foreclosure you will be ineligible for a Fannie Mae backed mortgage for 7 years, with a short sale you will be eligible for a Fannie Mae backed mortgage after only 2 years.

4. With a foreclosure the bank has the right to pursue a deficiency judgment in all foreclosure cases ( except in states with no deficiency), in a short sale the lender (bank) will usually give up the right to a deficiency judgment, if this is a short sale of your primary residence.

I know this is a confusing time for homeowners who find themselves faced with either option, but know your options, if you need any further information regarding short sales and foreclusre feel free to contact me.

Yvonne Long,Realtor

yvonnel.long@gmail.com

Innovative Realty Solutions Group, Inc.