Author Archives: imrobin

If You Had A Short Sale – Foreclosure Or Bankruptcy … You May Now Qualify for A FHA Loan To Buy A Home

If you did a short sale, had a foreclosure or bankruptcy and now would like to buy a home relief may be in sight…..

FHA Credit Policy Change Makes it Easier to Qualify
“Economic Events” Recognized as Isolated

Effective immediately, policy changes in the way the Federal Housing Administration (FHA) views certain derogatory credit will make it easier for some borrowers to qualify for purchasing a home. Allowances will be made for certain “Economic Events” resulting in poor credit ratings, which previously would cause borrowers to be ineligible.What do the new rules say? Potential borrowers who experienced a decrease of income by 20 percent or more of household income for at least six months, and that resulted in serious derogatory credit such as a short sale, foreclosure, or bankruptcy, may still be eligible as long as:

  1. The loss of employment or income was due to an extenuating circumstance beyond his or her control and can be documented.
  2. A satisfactory credit history has been restored for a period of 12 months.
  3. HUD approved housing counseling has been completed.
If You live in Central Florida and want to get a home and STOP PAYING RENT call me today at 407-744-1827 or email  at and I will help you realize that goal. Visit
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Posted by on October 12, 2013 in Uncategorized


Builders Raising Prices, Limiting Supply

Daily Real Estate News | Monday, April 29, 2013

ImageThose looking to buy new homes will likely start to see price hikes, and possibly a smaller selection. Many of the nation’s builders say they’ve had to increase prices due to the rising costs of land, labor, and materials. 

For example, Pulte’s sale price, on average, has increased 10 percent to $287,000 in the first quarter of this year. Meanwhile, the average existing home price was $233,200 in March, according to the National Association of REALTORS®.

“Builders are feeling pinched by rising costs of key building components which is causing home construction costs to rise at a faster pace than appraised values,” says David Crowe, chief economist of the National Association Home Builders. Some builders are limiting sales in order to keep prices higher.

“We are pricing our homes and limiting the number of lots we’re releasing for sale in some communities to better manage our order volumes relative to our production capacity, and to maximize our profit from those communities,” Meritage CEO Steven J. Hilton wrote in the company’s quarterly earnings report recently.

If you are thinking about buying a new home NEVER…NEVER go to the new home builder without having an Agent represent you. Think about it for a minute, the person you meet when you walk in the new home Model si working for the Builder. They have fiduciary duties to the builder not you the person looking to buy so why do you think they will give you the best deals.

If you are looking for a new home in the Central Florida – Orlando area then contact me. I am a certified Accredited Buyer’s Representative – ABR® and I am specially trained with the knowledge and experience to get you the best deal from the builders. Never Step foot in the door of the Model home without having representation. Call me 407-744-1827 or visit

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Posted by on August 27, 2013 in Uncategorized


The Changing Face of Short Sales

Based on the criteria below this search done 08/27/13 shows that there are 187 Properties for sale within a 20 Miles radius of The Orlando International Airport. Of these listings there are some that are not priced correctly and may have other mitigating factors such as HOA liens, etc I have also attached a map of the area covered by this 20 miles radius. If any properties is in your price range and the location you wish to be please let me know and I will review further.

Just a note, the short sale market is changing dramatically and after waiting for months with an executed offer clients are finding out that the banks are re-evaluating the property close to approval and banks are asking for the present market value. This is nothing strange as from the beginning the short sale is to be at “Current Market Value” the dramatic price increases is what is now causing the banks to take this hard look so they can recapture more of their money.

This trend is catching on more and more and In addition with the recent law passed by the Florida Senate – House Bill 87, it is becoming much easier for the banks to foreclose and it is in their best interest now given the provisions in the law to do the foreclosure instead of the short sales. So expect short sales to be harder to get and if approved expect prices to be higher.

With the increased pace of the foreclosure banks will release more inventory but will be careful not to flood the market and prices will also move up. There are a number of other things taking place independently in the market place such as the purchase of the Short Sale processing system – EQUATOR by Altisource , some states now trying to stop agents form negotiating the short sale, etc that when combined and tied together gives the picture of the changing face of the short sale market.

My advise to you is to get ahead of the curve… Below are the links to the 187 Homes. Please review and call me at 407-744-1827 or email me at or visit

17-RES Customer Brief Report

XPROP – Grid View

Status ACT
List Price between 100,000 – 200,000                 Full baths  – Minimum 2
Property Style Single Family Home                              heated Sq Footage – Minimum 1500 Sq Ft
Year Built  2000 and After-
Beds Minimum 3
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Posted by on August 27, 2013 in Uncategorized


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The Inventory Crunch May Be Over and More Homes Could Be For Sale … But At What Price?

The Wall Street Journal (Aug. 13, 2013)- Daily Real Estate News | Wednesday, August 14, 2013

Inventory levels are on the rise nationwide, which could soon mean the severe inventory shortages plaguing many markets the last few months may soon be nearing an end, according to the latest report from®. As home prices rise, more sellers may be testing the market, helping to increase the options for home buyers.® reported that 1.96 million homes were listed for sale in June — the highest number since last September. 

The markets that posted the largest rises in the number of homes for sale compared to one year earlier were: 

  • Atlanta: inventories rose 17.9% year-over-year
  • Sacramento, Calif.: +16.7%
  • Los Angeles: +6.8%
  • Orlando: +2.8%

All four markets have also posted strong gains in home prices the past year,® reports.

“At the current pace of sales, the supply of homes for sale is still very low, suggesting price gains are likely to continue,” The Wall Street Journal reports. “But the months supply is up slightly in a growing number of markets. This could actually boost sales — a major complaint of home shoppers and their real estate agents is that there’s a shortage of attractive homes being offered for sale.” 

Meanwhile, inventories of homes for-sale has fallen year-over-year levels in 26 of the markets® monitors. Inventory levels fell the most in Detroit (by –30.2%); Boston (–28.9%), Denver (–25.1%), and San Francisco (–19.4%). 

So while there may be a relief on the inventory side of things sellers are also going to be listing their homes at the higher prices because they see the market rising… the sooner you get in the better. …… Tel # 407-744-1827

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Posted by on August 16, 2013 in Uncategorized


Things To Know Before Buying or Selling a Home

With inventory now being very low and prices on the way up a lot of New Home Builders are coming back on the scene, the predominant ones in Central Florida being Beazer Homes, Meritage Homes, Lennar Homes, David Weekley, Ryland Homes, KB Homes, etc. Investors and home buyers are are gravitating to the new homes for a variety of reasons:

  1. The price differential between the new and existing homes isn’t as big as it used to be
  2. There is a builder’s warranty on the home
  3. Most builders are giving incentives to buyers
  4. Updated building Codes
  5. Higher efficiency
  6. Less Maintenance
  7. Etc.

OH CRAP…  I wish I had known earlier! Here is where most buyers go wrong and by the time they find out it is too late. Most buyers will see a New Home Builder sign and walk right into the Model Home center and start talking to the Sales Rep and after the nice spiel and the tour of the model homes some go straight to writing up the contract.

  • Will you go to court and hope your opponent’s lawyer will defend you?
  • Will you undergo major surgery without getting a second opinion?
Then why do you walk into a New Home Builder and expect the Sales Representative to have your interest at heart! Hello, the Sales Rep work for the Builder and is there to look out for the Builder’s interest. You should always have you own representation who is knowledgeable about the market, able to negotiate with the builder to get you the best deals & incentives and advise you appropriately!
I advise buyers never to go it alone, work with an Accredited Buyers Representative; ABR® are trained and certified by the Real Estate Buyer’s Agent Council – REBAC  to secure the buyer’s interest. Please click here to learn more about the benefits of working with an ABR®
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Posted by on March 18, 2013 in Uncategorized



Government closes mortgage scams tied to Google

SAN FRANCISCO – Nov. 18, 2011 – The federal government has shut down dozens of Internet scam artists who had been paying Google to run ads making bogus promises to help desperate homeowners scrambling to avoid foreclosures.

The crackdown announced Wednesday renews questions about the role that Google’s massive advertising network plays in enabling online misconduct. It may also increase the pressure on the company to be more vigilant about screening the marketing pitches that appear alongside its Internet search results and other web content.

The criminal investigation into alleged mortgage swindlers comes three months after Google agreed to pay $500 million to avoid prosecution in Rhode Island for profiting from online ads from Canadian pharmacies that illegally sold drugs in the U.S.
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Posted by on November 18, 2011 in Uncategorized


Central Florida Real Estate Market Update – Nov ’11- Median home price is now higher!

According to the Orlando Regional Realtor Association (ORRA), the Central Florida real estate median home price for October 2011 was 7.33% higher than October 2010. The median price for October 2011 was $112,700 and for October 2010 was $105,000. Since January this year, Orlando areas median price has increased by 18.76%. This is a great sign towards a more stabilized market. Our current inventory levels rose for the first time in 15 months by only 42 properties, but still remain under 10,000. These are inventory levels not seen since 2005. We are now at 9,973 properties on the market or a 4.82 months supply. A 5 to 6 month supply is a good balance between buyers and sellers. With home inventory at this level and interest rates at historic lows, it’s a great time to buy Central Florida real estate!

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Posted by on November 18, 2011 in Uncategorized