Florida Real Estate
Completely renovated / updated 3 bedroom, 1 full bathroom, 1 half bathroom, brick home for sale in Lake City FL. This great brick home has new paint, new tile flooring, new carpet, bathrooms completely renovated, new appliances, and new kitchen cabinets.
Outside is a two car carport, shed, concrete driveway, and a fenced yard. Wood privacy fence in the back and chain link in the front yard.
Enjoy the outdoors in your new home with the large back deck with a pergola. Perfect for summer barbeque’s with the family!
Newer metal roof and heat pump. Owner will finance. Submit an offer! Call Gabe Fitzhugh for offers & showings at: (386) 754-2818
Category : Recently Sold Properties
Federal officials announced today that five major banks have reached an agreement to pay out $25 billion to homeowners who were improperly foreclosed on. JPMorgan Chase, Citigroup, Wells Fargo, Bank of America and Ally Financial will reduce loans for nearly 1 million households. They will also send checks of $2,000 to about 750,000 Americans who were improperly foreclosed upon. The banks will have three years to fulfill the terms of the deal.
The settlement ends a painful chapter that emerged from the financial crisis, when home values sank and millions edged toward foreclosure. Many companies processed foreclosures without verifying documents. Some employees signed papers they hadn’t read or used fake signatures to speed foreclosures – an action known as robo-signing.
Read the full article here >> States, banks reach foreclosure-abuse settlement
Category : Blog
According to three leading US economists, the Florida real estate market is entering 2012 on an upward trend. Â Â ”Our state is in a mini-recovery, sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some Florida markets.”
There’s been a change from just a year ago. We’re seeing a drop in inventories of homes for sale in Florida.  This is a sign that demand is picking up and prices are stabilizing.  ”Buyers have stepped back into the Florida market.”
It looks like we’ll see a gain in home prices in the Miami and Naples markets and from there the recovery with move through central Florida and North Florida. Â Foreclosures will remain a significant part of the North Florida market and other areas of Florida this year, but lenders aren’t putting them all on the market at once, they are putting them out at a gradual pace.
Thinking about buying a home?  Read more here: This is the most affordable home ownership period in over 35 years!
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