Tag Archives: Ocala real estate

Historic Home Ocala Florida|519 Tuscawilla Ave

Are you looking to buy a home in Ocala, Fl? Here is a Beautiful Historic Homes Downtown Ocala, Fl. Built 1923, has 2111 sq ft under air. Two porches upstairs and two down stairs. Fireplaces in 2 bedroom and dining room and living room. Real Hardwood floors thru out home. Call Rhonda for more information and to view 352-266-2637

For Help with Real Estate just call and Say
“Help, Help me Rhonda”

Buckner Homes Realty Inc
3200 SE 20 Ave
Ocala, FL 34471

Why Use an Agent when Selling or Buying

Things an agent can help you plan out, significantly in advance of your target move-in or move-out date, include, among many others:

Referrals to mortgage brokers, financial planners, contractors, stagers and relationship counselors (just kidding on that last one!).
Setting up action steps you need to take and helping you understand when you need to take them to meet your target time frames.
Getting clear on the relative costs (and financial prep it will take) to buy in any of several neighborhoods, cities and even property types that you are considering.
Illuminate options you weren’t aware were even possible. There’s no shame in not knowing everything there is to know about real estate – even very active real estate consumers will only buy or sell 5, maybe 10 homes in a lifetime. But your agent does this all day, every day, for their entire career. So off the top of their head, they might be able surface options in terms of

pricing plans
contract terms
marketing tools
negotiation strategies
and even post-closing protections and service providers
that you would never have known existed, if not for them.

The theme here is this: don’t limit your agent and the help they can provide you by what you *think* their job is, or what you think they do or don’t know. Make sure that when you’re getting referrals or meeting agents online and in person early on in your agent selection process, you pay attention to their references and marketing plans, but also to how well your personalities mesh.

Ideally, you’ll find and work with an agent in whom you can confide everything from your big picture life vision to your truly confidential financial details.

Bottom line: The more you feel comfortable sharing with your agent, the more likely you are to be pleasantly surprised with the ways they can help you.

Call Rhonda with Buckner Homes Realty for great service and knowledge of Marion County market, 352-266-2637.

HARP 2.0 Dominates Conforming Mortgage Landscape In Some States

Rhonda Buckner with Buckner Homes Realty 3200 SE 20th AVE Ocala, Florida 34471 352-266-2637

HARP Statistics : HARP refinances as a percentage of all refinances, by state, July 2012

HARP 2.0 has been a boon to the U.S. homeowner. As mortgage rates have dropped, it’s given homeowners with little, zero, or negative equity access to this year’s ongoing Refi Boom. Not surprisingly, in some states, HARP is more common than in others.

Click here to get HARP mortgage rates.

HARP : Minimal Qualification Standards

The Home Affordable Refinance Program (HARP) is a government refinance program meant for homeowners whose homes have lost value. It was initially launched in 2009 as part of the Making Home Affordable initiative, a program which also launched HAMP (Home Affordable Modification Program).

The main difference between HARP and HAMP is that HARP is for homeowners who are current on their respective mortgages. HAMP is for homeowners facing foreclosure or whom are otherwise delinquent on their mortgage.

HARP is sometimes called the “Obama Refi”, and it’s a program offered via Fannie Mae and Freddie Mac exclusively. The Fannie Mae version of HARP is known as “Refi Plus”. The Freddie Mac version is known as “Relief Refinance”. Both programs do the exact same thing.

The requirements for a HARP mortgage are basic :

Your loan must have been securitized by Fannie Mae or Freddie Mac
Your loan must have been securitized on, or before, May 31, 2009
You may not have previously used the HARP program to refinance
In addition, your mortgage payment history must be perfect for the last 6 months with no more than one late payment in the last 12 months.

Click here for a complete HARP Q&A.

HARP 2.0 : Underwater Homeowners Get Relief

When HARP was initially launched in 2009, it was built to reach more than 7 million U.S. households. Through its first two years, however, it was clear that the Home Affordable Refinance Program was falling short of that goal.

Between 2009-2011, HARP helped fewer than one million households.

So, to help give HARP more teeth, the government re-wrote and re-tooled it. The changes were split into two parts. The first part was meant to reduce HARP lending risks for banks, compelling more banks to offer the program. That move was successful.

The second part was geared at homeowners. With HARP 2.0, regardless of home equity, homeowners were made refinance-eligible. HARP was changed to allow for unlimited LTV. So long as your loan size does not exceed your local conforming loan limits, you can use HARP.

It doesn’t matter what your home is (not) worth. Yes, you can use HARP to refinance.

Click here to get HARP mortgage rates.

Nevada, Florida, Arizona Lead In HARP “Market Share”

Since HARP has moved to unlimited LTV, it’s become a big part of the refinance landscape in the states hardest-hit by last decade’s housing downturn. States like Nevada, for example, where nearly 70% of all refinances in July were HARP refinances. Or, Florida, in which 60% of all refinances were HARP.

There were four states in which HARP accounted for more than half of all conforming refis.

For July 2012, the top 10 states in terms of HARP refinances as a percentage of all conforming refinances closed were :

Nevada : 69.49% of closed conforming refinances were via HARP
Florida : 60.04% of closed conforming refinances were via HARP
Arizona : 57.13% of closed conforming refinances were via HARP
Michigan : 51.78% of closed conforming refinances were via HARP
Georgia ; 49.67% of closed conforming refinances were via HARP
Idaho : 49.42% of closed conforming refinances were via HARP
Minnesota : 37.05% of closed conforming refinances were via HARP
Oregon : 35.20% of closed conforming refinances were via HARP
Washington : 32.05% of closed conforming refinances were via HARP
Maryland : 30.25% of closed conforming refinances were via HARP
The states in which HARP loan were less common included Alaska (5.77%), South Dakota (4.12%) and North Dakota (1.05%).

These states are home to fewer Home Affordable Refinance Program refinances, in part, because the pool of eligible borrowers is relatively smaller. Alaska, North Dakota and South Dakota didn’t see the same home price deterioration as much of the country between 2007 and October 2011.

Click here to get HARP mortgage rates.

Get HARP Mortgage Rates

If you’ve been looking at the HARP program — regardless of your loan-to-value and regardless of whether you’ve been turned down for HARP by a bank — it’s a good time to look again. HARP mortgage guidelines vary by bank, and those guidelines seem to be getting more loose, on the whole.

Ask for today’s HARP mortgage rates. See how low your mortgage payment could get.

Give Rhonda Buckner a call if you have any questions at 352-266-2637

Facing Forclosure in Ocala? | Tips to Help Prevent Foreclosure

Rhonda Buckner- Buckner Homes Realty 3200 SE 20 Ave. Ocala, Florida
34471 Phone 352-266-2637

In early 2011, you may remember there was a lull in foreclosure activity – a lull that was prompted by nationwide scrutiny into lenders’ home-seizure practices. But in more recent months, as barriers that have been holding foreclosures back have been removed, banks, anxious to rid their books of long-delinquent mortgage loans, have been stepping up foreclosures — all over the country.

Granted, we’re well below the peak levels we saw from 2007-2010, but even so, consider this: In March, 2012, foreclosure filings were reported on nearly 200,000 properties — that’s 7.4 out of every 10,000 homes. With many more foreclosures in the pipeline, here’s how to avoid becoming a statistic:

Buy a home you can truly afford

Ok, so this is an obvious point, but reiterating the numbers is never a bad idea: Your housing costs (mortgage, insurance, taxes) should be no more than 25-28% of your monthly take-home pay. Use Zillow’s affordability and mortgage calculators. They’ll estimate the monthly costs of home ownership within the context of your monthly budget. If the payments seem too unruly (Give them a test drive!), you may need to come up with a larger down payment or shelve your purchase plans altogether.

Contact your lender immediately!

Doesn’t look like you’re going to be able to make that payment .. again? You need to let your lender know about your financial woes immediately, and, ideally, while your head is still above water and your credit is in tact.

Consider temporary relief

If you think that your inability to your make your mortgage payments is going to be temporary, see what kind of temporary relief your mortgage servicer can offer. They may be willing to accept reduced payments over a certain period of time; they may allow you to skip payments over a certain period of time; they may extend the grace period for late payments. Just remember: these solutions are temporary, so in the interim, try to find new ways to slash spending and save more. You must also prioritize your bills, paying attention to the ones that are the most essential.

Look into a modification

If your financial situation has permanently changed, then temporary relief is not going help much. You may need to have your loan modified. And while there are many different ways to do a modification, they generally incorporate interest rate cuts, term extensions and principle reductions – or a combination of these methods. Yes, there is a lot of paperwork involved, and yes, it can be complicated, but banks are under pressure to do these modifications and as a result, we are seeing higher success rates: the average savings, per modification, is about $500 a month. To see if you are eligible for a modification, go to makinghomeaffordable.gov.

Explore a short sale

If you’re underwater (as 23% of homeowners are today), cash-strapped, desperate for relief, and foreclosure is looking imminent/speed is of the essence, then you might want to consider a short sale. This where you’re selling your home, for less than what you owe on it, to your mortgage lender. The upside: No more negative equity burden; it’s not as damaging to your credit as a foreclosure is; you can purchase a home again in as little as 3 yrs; and you’re selling your home with your pride in tact.

Rhonda Buckner Specializes in Short Sales and can help get you through the entire Short Sale Process. Call Rhonda Buckner at 352-266-2637

Ocala Short Sales/ Fannie Mae New Short Sale Guidelines

Fannie Mae helping streamline short sale requirements for homeowners to avoid foreclosure

Rhonda Buckner with Buckner Homes Realty at 3200 SE 32 Ave Ocala, Fl. 34471 352-266-2637

WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced that it will implement new short sale guidelines for servicers to follow as part of the Federal Housing Finance Agency’s Servicing Alignment Initiative. The new guidelines streamline documentation requirements, waive deficiencies for borrowers that successfully complete a short sale and set standard payments for subordinate lien holders. In addition, all servicers will have the authority to approve and complete short sales that conform to the requirements without receiving individual approval from Fannie Mae.
“Short sales have become an increasingly important tool in preventing foreclosures and stabilizing communities,” said Leslie Peeler, senior vice president, National Servicing Organization, Fannie Mae. “We want to help as many homeowners avoid foreclosure as possible. It is vital that servicers, junior lien holders and mortgage insurers step up to the plate with us. These new guidelines will open doors to help more homeowners qualify for short sales, remove barriers to completing short sales, and make the process more efficient for homeowners and servicers.”

Under the new guidelines, servicers will be permitted to approve a short sale for borrowers who have certain hardships but have not yet gone into default. Those hardships include the death of a borrower or co-borrower, divorce or legal separation, illness or disability or a distant employment transfer. In addition, Fannie Mae is significantly reducing the documentation required to complete a short sale, including requiring no documentation of a borrower’s hardship 90 days or more delinquent and have a credit score lower than 620. This will remove barriers for those homeowners who are most in danger of foreclosure and increase servicer efficiency in completing a short sale.

Give Rhonda a call at 352-266-2637 and I can help get you step by step through this process

Ocala’s Market Bottomed?/ Bank Of America Agrees

Rhonda Buckner with Buckner Homes Realty at 3200 SE 20 Ave, Ocala, Fl 34471 352-266-2637
Ocala Short Sale Specialist has great news for buyers.
Looks like the bottom is here. Even the banks are agreeing. Every market is different but Marion County has had prices increasing on homes showing a stabilizing market. Read comment from Bank Of America and watch the video. Call Rhonda with questions.

Bank of America Merrill Lynch’s economics team declared that housing prices have hit bottom earlier than they expected.Today, Michelle Meyer—a senior economist and housing specialist for the team—told Bloomberg TV that while it’s “a big call for the timing, it’s not a big call for the trajectory.”

“We do think that home prices are in the process of bottoming right now, but we do think that it’s going to be a very bumpy bottoming—one that lasts through the end of next year, and then you start to see home prices turn higher in 2014.”

Ocala’s Market shows 62% of the sales are under $100,000 still with 25% of them Under $50,000.
What I am seeing is the foreclosures are coming onthe market slowly but surely. All the foreclosure banks have done 4 appraisals on the property and know the value. They put the home on the market under market value and expect multiple offers.
Short sales are still out there. They are coming onthemarket and quickly getting offers. I listed one Friday and had an offer Saturday for example. You can get some great deals on short sales. They do take time 2-3 month minimum.
Fha has changed their rules again and making it harder to get a loan. I have a great lender that has many other programs available. You can got to www.startmyloannow.com to start the approval process. Fill out the questionaire and Rick Durham will give you a call back.
As always if you have any questions regarding real estate, foreclosures, short sales, market updates, anything call Rhonda 352-266-2637 , Buckner Homes Realty 3200 se 20 Ave, Ocala, Fl 34471

Florida’s existing home and condo sales up in September

ORLANDO, Fla. – Oct. 20, 2011 – Florida’s existing home and existing condo sales continued their upswing in September, according to the latest housing data released by Florida Realtors®. Existing home sales increased 10 percent last month with a total of 15,036 homes sold statewide compared to 13,723 homes sold in September 2010, according to Florida Realtors.

“One of the most overlooked statistical trends in all of real estate is the growth in home sales, both single-family and condo, in the state of Florida,” said Florida Realtors Chief Economist Dr. John Tuccillo. “We’ve seen an upward trend in sales since January 2011, and September’s sales were a full 10 percent above September 2010. Even prices, which have been static over the past few months, are well above where they were in January 2011.

“One of the reasons for this is stabilization in the distressed property market. This is not a problem that’s going away, but there’s a degree of certainty that is helping the market.”

The statewide median sales price for existing homes last month was $133,900; a year ago, it was $135,000 for only a 1 percent decrease.

The national median sales price for existing single-family homes in August 2011 was $168,400, down 5.4 percent from a year ago, according to NAR.

“Historically low mortgage rates and stabilizing home prices all across Florida’s local housing markets continue to attract potential buyers – housing affordability conditions are very favorable right now,” said 2011 Florida Realtors President Patricia Fitzgerald, manager/broker-associate with Illustrated Properties in Hobe Sound and Mariner Sands Country Club in Stuart. “However, financially qualified buyers are still being denied home loans because of overly restrictive lending requirements, and that’s a significant obstacle to the housing recovery.”

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.11 percent in September, down from the 4.35 percent average during the same month a year earlier. Florida Realtors’ sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

© 2011 Florida Realtors®

Interested in a distressed home? Call Rhonda Buckner at 352-266-2637, a certified short sales specialist. She can walk you through the process with expert knowledge.

October Housing Scorecard: Positive Trends but Mixed Overall

October Housing Scorecard: Positive Trends but Mixed Overall
Posted By susanne On November 5, 2011 @ 12:01 am In Consumer News and Advice,Real Estate Trends,Today’s Marketplace,Today’s Top Story –

[1]The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the October edition of the Obama Administration’s Housing Scorecard—a comprehensive report on the nation’s housing market. The latest housing data offer continued mixed signals as new home sales rose compared to August, but were still slightly down from the prior year. Mortgage defaults and foreclosure sales continued a downward trend as more homeowners were able to secure mortgage relief. However, foreclosure completions ticked slightly upward in September after months of decline.

The October Housing Scorecard features key data on the health of the housing market and the impact of the Administration’s foreclosure prevention programs, including:

• The Administration’s recovery efforts continue to help millions of families deal with the worst economic crisis since the Great Depression. More than 5.3 million modification arrangements were started between April 2009 and the end of September 2011 – including more than 1.7 million HAMP trial modification starts, more than 1,064,000 FHA loss mitigation and early delinquency interventions, and more than 2.5 million proprietary modifications under HOPE Now. Many of these modifications are a direct result of the standards and processes the Administration’s programs have established. While some homeowners may have received help from more than one program, the total number of agreements offered continues to more than double the number of foreclosure completions for the same period (2.3 million). More than 850,000 homeowners have received a HAMP permanent modification to date, with a median payment reduction of over $520 each month.
The full report is available online at www.hud.gov/scorecard [2].

Need information on short sales? Rhonda Buckner is a Certified Short Sales Specialist. If you are considering a short sale, please give Rhonda Buckner a call at 352-266-2637, she has expert knowledge on short sales and it would certainly be worth a call.

Cash For Keys on Short Sales|Incentives Grow To Get Struggling Homebuyers Moving

Considering a short sale on your home? Please read the following and be informed about what might be available to you as a distressed homeowner:

Distressed properties are accounting for 30 percent of existing home sales. Banks are looking at offering more incentives to short sales since their losses tend to be far less than a foreclosure. For example, foreclosure properties tend to sell for 40 percent below non-comparable non-distressed properties while short sales tend to sell for 20 percent less.

In the “Cash for Keys” program, homeowners who are facing foreclosure are typically offered $500 to $2,500 if they agree to move out within 30 days (and leave the place clean, too). The program frees
homeowners from their obligations while getting a little extra money for moving expenses and avoiding a ruined credit profile from a foreclosure.
The “Cash for Keys” program is expected to become more mainstream for handling short sales too, not just foreclosures.
Source: “Real Estate Agents Learning Fine Art of ‘Cash for Keys,’” MSNBC.com (Oct. 21, 2011)

Rhonda Buckner is a certified short sale specialist and has expert knowledge that helps handle distressed property – to aid buyers and sellers through the short sale and foreclosure process. For more information on this please give Rhonda a call at 352-266-2637.

Stunning Pool Home on Acreage Ocala’s Short Sale Approved

Call Rhonda 352-266-2637 for information on this fantastic buy!! Home is 4 bedroom 2.5 baths with 4 paddocks and a 2 stall barn to accomodate your horses. Approved price $185,000. We can close this Ocala short sale quick. Call for appointment.