George Sinacori's (georgesinacori) Blog

Lower appraisals are one of the biggest problems sellers, buyers and Realtors are faced with today.  Because mortgage amounts are based on an appraiser's estimate of value, appraisals are a crucial cog in the machinery of the housing market. That cog may have ground to a halt recently.   Newly en...

Buying your first home can be daunting. There are lots of factors to consider before buying, like your lifestyle. Ask yourself what your needs are and if owning a home will fill those needs. It 's important to consider that buying a home is more than a financial investment, although it can be rew...

A bill passed by both houses and signed by the President on May 20, 2009  titled "Helping Families Save Their Homes"establishes among other provisions, some level of comfort for renters unwittingly caught in the foreclosure crisis. Many renting families have become victims of the foreclosure cris...

While the economy continues to struggle, home prices are still falling under the pressure of foreclosures and short sales. Here in Florida a stagerring 11% of home loans are in some stage of foreclosure ranking the state first in the country for defaults. With home values continuing to fall the ...

According to mortgage giant FreddieMac,  30 year fixed rate mortgages rose last week to an average of 4.84% from 4.78%. The low of 4.78% was recorded twice in April, as rates held below 5% for 8 consecutive weeks. FreddieMac's records date back to 1971. Low rates have stirred the refinance market...

May 2, 2009 - As the housing market slowly moves closer to bottoming, rates on 30 year fixed rate mortgages tied a record low this past week. Average rates on the 30 year fixed rate mortgages fell to 4.78%. A year ago average rates were 6.06%. A considerable difference for any borrower. A new 30 ...

In all of the billions of dollars being handed out, I don't see much help or hope for troubled homeowners , foreclosure prevention, housing, Real Estate, home builders or for the real estate industry in general. Although housing has always been at the core of the economic meltdown, much of our ta...

  Now that "Stimulus" has become an everyday word we, the good tax paying, corporate rescuing, stimulus funding Americans find ourselves preoccupied wondering.... "what's in it ?"  Even more important ..."what's in it for me ?" Relatively very little is the answer. But than as long as they throw ...

Todays Fixed Rate Mortgage Current mortgage rates are much more attractive than I can ever recall. A qualified borrower may now be able to obtain a 30 year fixed rate mortgage for less than 5%. Todays rate is an incredible 4.87%. It's amazing. Anyone with any type of adjustable rate mortgage take...

Loan Modification - Short Sale - Deed In Lieu - Forbearance Forbearance -Temporarily suspends all or a portion of your monthly payment, followed by a formal plan using another option listed here to return your account to a current status. Your hardship is expected to be short term in nature, or y...