Charles H. Gaulden

Four Benefits Of An Short Sales

Stop The Foreclosure Proceeding On Your Home…..

Stop The Calls & The You Going Lose Your House Letters

Get Rid of The High Mortgage Debt

You May Be Eligible For Relocation Assistance Up to $3,000.00

We Can Help You Sell Your Home

For More Details Contact Us Today

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Borrowers eager to take advantage of refinancing and origination incentives at Navy Federal Credit Union pushed the lender's mortgage application volume up 50% in the past ten days when comparing the period to the first part of the month.

The surge could drive the credit union's total mortgage originations for 2011 past $5 billion. Navy Fed currently has $46 billion in assets, and clients are current or former U.S. armed forces members.

Navy Fed rolled out a special incentive package in August, which allowed qualified borrowers to obtain a $2,500 credit on closing costs tied to purchase and refinance mortgages.

"The rate match offer guarantees members the lowest rate possible, if they find a lower rate for the same mortgage from another lender," Navy Fed said in a statement.

In addition to the closing cost credit, Navy Fed is promoting its credit union's rate lock special, which lets members obtain a one-time opportunity to obtain a lower mortgage rate even after it has been locked. The lender also offers 100% financing and special programs for first-time homebuyers.

"With mortgage rates again at historical lows, this is a market full of opportunity," said Jack Gaffney, executive vice president of lending at Navy Fed. "We are proud to offer our members extremely competitive rates. We've added these other specials to help our members take advantage of this unique market, knowing that this is one of the most important investments they will ever make."

WWW.NorthFloridaShortSales.com

The National Association of Home Builders/Wells Fargo monthly housing market index was unchanged in August at 15. An index reading below 50 indicates negative sentiment about the housing market.

The combined construction of new single-family homes and apartments in July fell 1.5% to a seasonally adjusted annual rate of 604,000 units. Single-family starts decreased 4.9%. Multifamily starts rose 7.8%. Applications for new building permits, seen as an indicator of future activity, fell 3.2% to an annual rate of 597,000 units.

Industrial production at the nation's factories, mines and utilities rose 0.9% in July. Compared to a year ago, industrial production is up 3.7%. Capacity utilization rose to 77.5% in July.

The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending August 12 rose 4.1%. Refinancing applications increased 8%. Purchase volume fell 9.1%.

The producer price index, which tracks wholesale price inflation, rose 0.2% in July after a 0.4% decrease in June. For the year, seasonally adjusted wholesale prices are up 7.2%. Core prices — excluding food and fuel — rose 0.4% in July.

Existing home sales fell 3.5% in July to a seasonally adjusted annual rate of 4.67 million units from a revised 4.84 million units in June. The inventory of unsold homes on the market decreased to 3.65 million, a 9.4-month supply at the current sales pace, up from a 9.2-month supply in June.

Initial claims for unemployment benefits rose by 9,000 to 408,000 for the week ending August 13. Continuing claims for the week ending August 6 rose by 7,000 to 3.7 million.

Upcoming on the economic calendar are reports on new home sales on August 23 and gross domestic product on August 26.

WWW.NorthFloridaShortSales.com

• How much rent could I get for my house? The primary purpose of an appraisal is to determine the current market value of the house. If you think you might rent your house instead of selling it, ask the appraiser to also report on the range of market rents for comparable homes.
• What staging should I tackle? Appraisers are experts at seeing past decorating to the condition of a home. But they are well aware of decorating that detracts from the selling points of a house. Bagby says that very strong colors – red-painted dining room walls, for example – and loud wallpaper can be so offputting that many buyers will not be able hone in on what’s good about the house. Ask the appraiser to list the top three or five decorating or staging projects that would put the house in its best light.
• Exactly what does your house have that neighboring houses do not…and vice versa? If you wonder how the age, brand and condition of the appliances, fixtures and systems in your house compare with houses recently sold, ask the appraiser. Why install a Wolf stove when everybody else in your neighborhood cooks on a GE Monogram?
  What features are considered premium in your neighborhood? The appraiser will know if woodburning fireplaces are considered features or drawbacks by most of your neighbors. This will help you understand what features you should emphasize or de-emphasize as you market and show the house.
• The tax assessor might have the wrong square footage for your house. Appraiser says that sometimes, lazy assessors calculate square footage by multiplying the outside dimensions of the house. But that’s not accurate. Features such as a two-story atrium subtract square footage (from the second floor). Bay windows, porches, and other architectural features can add or subtract square footage. If there’s a major difference, note it to the new owner so he can petition for an adjusted property tax bill.

Charles H Gaulden

WWW.NorthFloridaShortSlaes.com

HomeSteps, the real estate sales unit of Freddie Mac (OB:FMCC), today announced "Condo Cash", a special limited time offer that will provide eligible condominium buyers with up to $1,500 for standard condominium association dues.

HomeSteps' Condo Cash is limited to buyers who submit offers between August 15 and November 15, 2011 and close escrows on or before December 30, 2011. HomeSteps' Condo Cash offer is valid only on HomeSteps homes that have been on the market for at least 120 days and are sold to owner-occupant buyers.

A two-year Home Protect^® limited home warranty that covers electrical, plumbing, air conditioning, heating and other major systems and appliances is offered on some eligible HomeSteps homes. Home Protect also provides discounts of up to 30 percent on the purchase of appliances. (Terms, conditions and limitations apply. Not all homes or buyers will qualify. For details, see www.HomeSteps.com/smartbuy.)

HomeSteps Condo Cash is not available on HomeSteps condominiums purchased through auctions, sealed bids, bulk sales or in areas where such offers are prohibited by law.

For complete terms and conditions, visit www.homesteps.com.

Charles H Gaulden

WWW.NorthFloridaShortsales.net