There are many Short Sales in Jupiter. A lot of properties that were purchased in Jupiter or refinanced over the past 5 to 6 years are in a position of Negative Equity. Jupiter Short Sales Listings are a very good opportunity for people currently in the market to purchase a property. It is inevitable that if you are looking to buy a property in Jupiter in todays market you will run into a pool of Short Sales Real Estate.
In his State of the Union address, President Obama laid out a plan to help responsible borrowers and support a housing market recovery.
Key aspects of the president’s plan include:
•Broad-based refinancing: The president’s plan will provide borrowers who are current on their payments with an opportunity to refinance and take advantage of historically low interest rates
Short Sale Help
•Homeowner Bill of Rights: The president is putting forward a single set of standards to make sure borrowers and lenders play by the same rules, including: Access to a simple mortgage disclosure form, so borrowers understand the loans they are taking out; full disclosure of fees and penalties; guidelines to prevent conflicts of interest that end up hurting homeowners; support to keep responsible families in their homes and out of foreclosure; and protection for families against inappropriate foreclosure, including right of appeal.
•First pilot sale to transition foreclosed property into rental housing: The FHFA, in conjunction with Treasury and HUD, is announcing a pilot sale of foreclosed properties to be transitioned into rental housing. C.A.R. is opposed to bulk sales of REO properties in Florida.
•Providing a full year of forbearance for borrowers looking for work: Following the administration’s lead, major banks and the GSEs are now providing up to 12 months of forbearance to unemployed borrowers.
•Pursuing a joint investigation into mortgage origination and servicing abuses: This effort marshals new resources to investigate misconduct that contributed to the financial crisis under the leadership of federal and state co-chairs.
•Rehabilitating neighborhoods and reducing foreclosures: In addition to the steps outlined above, the administration is expanding eligibility for HAMP to reduce additional foreclosures, increasing incentives for modifications that help borrowers rebuild equity, and is proposing to put people back to work rehabilitating neighborhoods through Project Rebuild.
C.A.R. and NAR support the Obama Administration’s efforts to help homeowners and the struggling housing market, because restoring the health of the housing market is critical for the nation’s economic recovery.
Let Jupiter New Home Realty help you purchase you Jupiter Short Sales today. If you are in a position of Negative Equity then Jupiter New Home Realty can help you sell your property and avoid Foreclosure.
We have many happy sellers that we have helped. For references please contact Jupiter New Home Realty . For more Information about, please contact Jupiter New Home Realty at 561-201-5601 Or, click on the Contact Us link.