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Stephanie LeFew

The Bailout...what it means to those behind in mortgage payments

The Senate legislation responded to the criticisms that lenders have been slow and/or unwilling to work with homeowners and borrowers. It encouraged negotiation in short sales and consumer efforts to refinance or reconfigure existing mortgages:

When the Treasury (or other federal agency that holds mortgages) acquires troubled existing mortgages from financial institutions, agencies are required to work with lenders and mortgage servicers to find ways to avoid foreclosures.

All federal agencies are required to work with servicers to facilitate loan modifications that will consider the net present value of the mortgage.

Changes to existing mortgages can include (but are not limited to) revisions in principal, interest rate and period for repayment

If you are behind in your mortgage payments, please let me know if there is any way that I can help you. I can be there for you. You didn't mean to get in this situation. Call someone who can help.

Looking forward to hearing from you,

Warmly,

Stephanie LeFew

813-991-1355 home office

813-624-33323 cell phone

www.TampaHomeBuy.com

stephanie@tampahomebuy.com

Now is a great time to buy your own piece of American pie!!

Now is a terrific time to invest in American real estate.

With the American foreclosure market driving down home values, you can purchase a terrific home at deep discount prices. Now is a great time to purchase that upscale beach home or condo.

Imagine yourself enjoying the sun and fun of Florida, splashing in the surf at the beach, doing the backstroke in your relaxing pool watching the incredible Florida sunsets, taking those relaxing walks on the beach with your special someone, knowing that you scooped up a beachfront beauty at a ridiculously low price.

I also offer my international buyers a valuable buyer incentive. Call me anytime to discuss when you would like to shop for your vacation home. Retiring to Florida...beautiful beach scenes, palm trees all in your back yard.

Looking forward to hearing from you.

Warmly,

Stephanie LeFew

813-991-1355 home office

813-624-3332 cell phone

www.TampaHomeBuy.com

stephanie@tampahomebuy.com

Banks sometimes do not even respond to "low ball" offers

A customer of mine wanted to make an offer on a house in Pinellas County. The house was bank owned and was listed for $144,000. It is nearly 1600 square feet and needs a lot of repairs. There was an addition to the home and the ceiling was not a standard height. The ceiling is short and looked odd in this area of the addition. Because of these oddities and items that need repair, my customer wanted to offer $128,000 cash. We put down a $500 deposit. We put in an as is offer with a $1000 limit on repairs for the home inspection. We gave the bank the standard 2-3 days to respond.

We made the offer on September 23, 2008 and still have not had any response from the bank thru the listing realtor. When I call to follow up on the offer, I get told the bank hasn't responded. When asked and pressed, the listing realtor said, yes they sent it over, but with a low ball offer (we really don't feel it is lowball) the bank is not even taking the time to respond.

Each bank is different however, there are terrific bank owned property opportunities in Hillsborough County for $78 dollars a square feet for a newer, nicer house. Each home is different; each bank handles their loss differently. There are some really terrific deals on Bank Owned homes or REO's in the four counties that I sell homes in - Hillsborough, Pasco, Pinellas & Hernando counties. Please call and ask for a free no obligation home search that I can send directly to your email with pictures and information.

Warmly,

Stephanie LeFew

www.TampaHomeBuy.com

813-991-1355 home office

813-624-3332 cell

Solaris Realty of Tampa Bay

Buyer Incentives for all my home buyers

My Services are FREE to all homebuyers!!!

What is a "CDD"?

A customer recently asked me this question. So, I thought about letting others know what is also.

When a developer is setting up the community (roads, lights, common areas, tennis courts, golf course, etc) he can pass the expense off to the first people that buy the home. Often times, these initial costs are so high that this developer could not possibly "sell" this to the initial buyer.

Therefore, the bill is oftentime paid on for a set number of years. This bill is included in the taxes of each homeowner in the community. Once it is paid off, the tax bill will be decreased by this amount. It is basically a community development tax. Each homeowner is paying for those very nice amenities.

This CDD, because it is included in the real estate taxes, is tax deductible.

If you have any questions, feel free to contact me anytime at 813-991-1355 office / cell 813-624-3332.

Warmly,

Stephanie LeFew

http://www.TampaHomeBuy.com

stephanie@tampahomebuy.com

Solaris Realty of Tampa Bay

The Rich buy when everyone else is selling and freaking out. Buy Low - Sell High

Now is the time to invest. The millionaires buy when everyone is selling, freaking out, and selling low.

That is how to make money. Buy and hold for a while and when the market turns again, you get to pocket the profit. What a wonderful way to be planning for your retirement. All of those older people working at Walmart failed to plan, most probably. They may enjoy working, but I know if I were their age, I would want to be enjoying my later years. Wouldn't you?

Home prices and current interest rates are extremely low. Now is the time.

Please let me know if you have any questions.

Warmly,

Stephanie LeFew

www.TampaHomeBuy.com

stephanie@tampahomebuy.com

813-991-1355 home office

813-624-3332 cell