Tampa Real Estate | Tampa Florida Homes Property for Sale MLS | Katrina Madewell

Land O Lakes Walmart moves it current location of OVER 20 YEARS, (opened since in 1987) out of a shopping plaza of only 86,000 square feet into its own shinny-new building with a "Lutz" address. This super-sized Walmart is 211,000 square feet, and offers a full line of groceries, including a bakery, deli, meat and dairy, fresh produce, beer and wine. It also includes a lawn and garden center and an super-duper electronics department. LOOK OUT, KMART, PUBLIX BAKERY, WINN DIXIE AND LOCAL LIQUOR STORES, this polished beauty is coming to town! In it's own stand-alone building, you can get it from Dale Mabry or Highway 41 (headed north) it's right before the apex in the road.

Many local residents are excited with all that this new WAL*MART SUPER CENTER will has to offer. Super Target is open at County Line Road and Dale Mabry, but with their extremely strick return or even exchange policy, who wants to shop there? NOT ME!

Everyone loves Wal*Mart, so if you live in Northern Hillsborough County or Pasco county, in cities such as Lutz, Land O Lakes, Odessa, North Tampa, Trinity, or Wesley Chapel, you will probably be shopping at this stunning new WAL*MART, I know I will ;)

Bayshore Blvd South Tampa Townhome

Do you Live in Tampa, FL and you owe more on your home that what it's worth? Consulting with me for a Short Sale, can offer you some REAL help, and answer all of your questions. But first, I have to share a story with you. About 7 months ago, I took a listing that was referred to be by a past client. That client, referred her neighbor next door (that was in worse shape than they were) to me for Short Sale Help too.

Like with all of my clients, we sit down for the listing appointment and the first thing we do, is an initial consultation, so that I can truly understand where you, the seller of your home, is coming from. Then, and only then, do I ever offer and advise, help and start planning a strategy to help you obtain your goals, dreams, and desires.

I give the clients all of the information they need, refer them to an attorney that can answer the Lis Pendents for a minimal cost, negotiate the short sale from beginning to end, and even obtain a deficiency waiver and a complete release from the short sale outstanding mortgage obligation. Every conversation was to give more value and see what they needed, and offer all of the information they need to make a very sound decision from the beginning.

One of the first things I tell people when they have a lot of "stuff" a.k.a. "CLUTTER" is to purge unwanted things daily, and store or move (out of the house) anything they will not use in the next 6 months. P.O.D.S. (Portable on Demand Storage) are a great way to start packing yourself, a little at a time, that is almost always guaranteed to leave your house in show ready condition.

So I tell my clients all of this more than 6 months ago, I also tell the neighbor (next door listed with me) that the tenant that has been living there rent free for months should really start looking for another place to permanently reside. After several months go by and we are marketing showing and getting offers on the homes, I remind them its a good idea to go ahead and start packing. I also let them know we will give them both a minimum of 30 days notice of when it looks like we will need them to vacate the home.

We get a signed contract for 45 days out, and it even gets extended by 2 weeks, and the seller STILL has not packed nearly anything. Finally, I give her the phone number to PODS with a coupon code for a discount, and remind them we are under contract and they need to vacate no later than the day of settlement. Don't you know we had to extend BOTH of the closing dates because neither seller was out for the buyers final walk through.

I was so shocked and was nearly speachless telling the buyers agents on these transactions, they are not vacated yet even though they are supposed to be.

I get it, I totally understand that you want to stay there as long as possible, and that it IS hard to leave your home. However, when we talked 6-7 months ago, you were already behind on your mortgage payments, not making ends meet, and that's why I am here ... to make it all go away for you!

Sellers PLEASE do your part and work with me (or your current agent) to make sure that you are doing your part per the contract that you have already agreed to. By the time we get to this point, my seller has had a lot of time to get everything together and make final moving arrangements.

It is so inconsiderate (as a human being) to not think of the other parties in the transaction, and especially to leave the buyer to figure out what they should do next, because you didn't vacate your home in time for their walk thru prior to closing.

Do the right thing because honestly, integrity, and karma will always prevail, and give you back what you gave out.

It's important you trust me, or anyone you work with to guide you through this process. I know you have more questions or need some help with that to do next. You can reach me, Katrina Madewell, on my cell phone at (813) 777-1196, to answer all of your questions.

Katrina

The Banks are bankrupt, yet WE the tax payer are lending THEM money to make them bullet proof! Let me ask you something? IF this economy effected you, as it has banks, and you were bankrupt, would the BANKS lend you (a working tax paying individual) money? Ha haaa ... OK if you are a banker, you can stop laughing now! If you have fallen on hard times and have tried to get a loan, you know EXACTLY what I am talking about! READ THIS INFORMATION CLOSELY, because it WILL effect you!!!

If someone told you, "You work in a public service related industry, so we want to make your credit report PUBLIC RECORDS, is that ok with you?" what would you say?

I wrote a letter to FAMB (Florida Association of Mortgage Brokers) to take a stance on what politicians are trying to do to get rid of Mortgage Originators and create a monopoly for the banks!!

You know, if they are going to start requiring that ALL people working in the mortgage industry be licensed, that is FINE, but BANKERS should not be exempt from this ruling! It seems that everything that changes is geared towards driving loan originators out of the industry and keeping a monopoly of the BANKERS IN, following different rules!

The craziest part is that they want to MAKE OUR CREDIT REPORTS PUBLIC RECORDS!!! How insane is this???!!! Why don't they just make EVERYONES credit public? With identity theft, are they NUTS!!!? Last I checked, WE THE TAX PAYERS, pay our politician friends salary, so WHY aren't they as ANXIOUS to make THEIR credit report public???!!! After all, WE elected them, and WE pay them! How about the BANKS that the tax payers have given BILLIONS of dollars to? I don't see them making THEIR employees credit reports PUBLIC RECORDS, yet we give THEM an infusion of cash!!

The real question here is this, ask ANYONE if their credit reports were going to be made PUBLIC for the world to see, "how would that sit with you?" My guess is most people would say "ABSOLUTELY NOT!"

I am asking that you make these issues AWARE to the general public. They should know what is going on secretly behind the scenes and how this WILL effect them in the end! If they eliminate smaller mortgage firms, they will eliminate consumer choice, and give the banks more of a monopoly to charge whatever they want! Anytime monopolies are created, it's BAD for the consumer! Here we are giving them all of our cash, and the legislators are helping them play God!

Mortgage loan originators aren't the bad guy, they keep the BANKS honest!

see below for more information from FAMB...

________________________________________________________________________________________________

Florida Passes Mortgage Licensing Legislation

Florida's legislature passed legislation affecting Mortgage Loan Originators and mortgage lending. The most significant of these is SB 2226, an almost complete rewrite of the current law outlining the duties and responsibilities of Loan Originators.

The Florida Association of Mortgage Brokers has offered its members a Webinar, presented by FAMB President Valerie Saunders and FAMB Executive Director Frank Cicione, onWednesday, May 27, 2009to describe how the revisions made to FS494 will change the way they do business forever.

There are several controversial portions of SB 2226:

It gives Florida mortgage regulators the right the request a copy of each mortgage licensee's Credit Report and use it as a possible reason for denial of issuing or reissuing a Loan Originator license.

It increases the amount of equity required for a Correspondent Lender to obtain or retain their correspondent lending license.

It mandates state licensing and annual license renewal for all Loan Originators currently working for Mortgage Brokerage Businesses, Mortgage Lenders, and Correspondent Lenders. WHERE ARE THE MORTGAGE BANKERS MENTIONED IN THIS!?

It mandates state licensing and annual license renewal for Loan Processors who currently work for Mortgage Brokerage Businesses, Mortgage Lenders and Correspondent Lenders.

And please remember, remind your Florida Senator and Representative the licensing legislation passed this year did not protect Mortgage Loan Originators' credit reports from disclosure through the public records. If legislation is not passed by the Florida legislature next session and signed into law by the Governor our credit reports will be open for everyone to see.

On Fri, May 22, 2009 at 8:34 AM, Florida Association of Mortgage Brokers <publicrelations@famb.org> wrote:

News from the Florida Association of Mortgage Brokers

May 22, 2009 Issue No. 120

FAMB Government Affairs Update by Tom Morcom, Committee Chair

Florida Passes Mortgage Licensing Legislation

Florida's legislature passed legislation affecting Mortgage Loan Originators and mortgage lending. The most significant of these is SB 2226, an almost complete rewrite of the current law outlining the duties and responsibilities of Loan Originators.

The Florida Association of Mortgage Brokers has offered its members a Webinar, presented by FAMB President Valerie Saunders and FAMB Executive Director Frank Cicione, onWednesday, May 27, 2009to describe how the revisions made to FS494 will change the way they do business forever.

There are several controversial portions of SB 2226:

It gives Florida mortgage regulators the right the request a copy of each mortgage licensee's Credit Report and use it as a possible reason for denial of issuing or reissuing a Loan Originator license.

It increases the amount of equity required for a Correspondent Lender to obtain or retain their correspondent lending license.

It mandates state licensing and annual license renewal for all Loan Originators currently working for Mortgage Brokerage Businesses, Mortgage Lenders, and Correspondent Lenders.

It mandates state licensing and annual license renewal for Loan Processors who currently work for Mortgage Brokerage Businesses, Mortgage Lenders and Correspondent Lenders.

And please remember, remind your Florida Senator and Representative the licensing legislation passed this year did not protect Mortgage Loan Originators' credit reports from disclosure through the public records. If legislation is not passed by the Florida legislature next session and signed into law by the Governor our credit reports will be open for everyone to see.

Florida Association of Mortgage Brokers has partnered with the National Federation of Mortgage Professionals (NFPM) to expand participation in the Federal Legislative and Regulatory process

Federal Government Moves to Eliminate Yield Spread Premiums

The Mortgage Reform and Anti-Predatory Lending Act Passes in the U.S. House

The Mortgage Reform and Anti-Predatory Lending Act, (HR 1728) was written to stop mortgage originators steering consumers into higher cost loans for higher originator income. The impact on Mortgage Loan Originators and Consumers will be to:

Eliminate loan originators receipt of yield spread premium

Further limit types of mortgage products offered to consumers

This bill has been approved by the U.S. House of Representatives. This bill has not been considered by the United States Senate but is expected to be considered in future months.

Watch this space for steps you can take to help protect lenders ability to pay Mortgage Loan Originators Yield Spread premiums and help retain consumers choice the type of loans available to them.

Go to www.famb.org for exhibitor registration, hotel reservations and the brand new FAMB Widget. Place the FAMB Widget on your company webpage, Facebook, LinkedIn, blog or other social media networking site for instant updates and a countdown to the 2009 Annual Convention & Trade Show.

For more information visit FAMB...

Recently on another forum, a reputable mortgage company Noticed some major changes when trying to fund a loan where all of the work has already been done!  Many consumers, some even being past clients, have noticed MAJOR CHANGES within the lending industry.   Many banks are closing their wholesale operations.

The problems started when the defaults started rising, foreclosures followed and banks were loosing BILLIONS.  Now it's easier than ever to get a loan modification, and even short sale your home if you owe more than it worth. 

My answer to the question someone had on another forum pertained to CitiMortgage and them demanding a certain number of deals per month, and later no accepting mortgage originations from Mortgage Brokers. Now Chase has totally closed up their wholesale operations.  Big Banks are trying REAL hard to squeeze out Mortgage Brokers. With the appraisal changes coming in May 2009 and much more, they will soon have not much short of a monopoly on the mortgage / banking industry.

This is why I decided to join forces with a larger group (vs having a small 'mom and pop shop') and it was a good move!

If big banks gain a monopoly to squeeze mortgage brokers out, who will look out for the consumer?

Imagine if there were no wholesale mortgage brokers? This is NOT good for the consumer.  Here's why:

People like us help people!  We place loans, even tough ones, and find the best pricing on good loans. 

Imagine this

 if you, as a client, walked into your bank, Bank A and they turned you down for a loan.
Then you try Bank B - no loan.

What happens to your credit score by the time they get to Banks C & D (that might have been able to write the loan), but now perhaps your score will not be within their guidelines.  Sometimes even in a case where it is only short 1 point!

The mortgage brokers know what banks write what, and we are paid professionals who do all of the homework (with just 1 credit pull) and submit the loan (READY TO DELIVER on the secondary market) to that specific lender.

Consumers need us,

perhaps more than you know....

Make sure you write to your local congressman / woman and let them as well as our newest president know Why people like me, are so very important to help you!

Katrina Madewell