Joby Slay's Blog

Palm Beach County residents who lost homes to foreclosure could be eligible for cash payments from banks. I posted last week about the $8.5 Billion National Mortgage Settlement. Well today, January 18, 2013 is the deadline to submit your claim. Eligible people should have received a claim form in...

  Banks Reach $8.5 Billion Foreclosure Settlement Ten banks reached a $8.5 billion settlement in response to federal claims of mishandling of foreclosures and debt relief services.   Of the $8.5 billion, $3.3 billion is to be in the form of direct payments to the more than 3 million people people...

I've made some past posts reporting on the progress of the Bank of America Short Sale Incentive Program also known as the Short Sale Relocation Assistance Program. BOA kicked off a pilot program in September of 2011 with some good success by early 2012. Bank of America decided to exptend the prog...

  Price your house to sell quickly     inman.com - If home lacks features of recent comps, it's time to subtract value. A first-quarter survey of homebuyers and sellers done by HomeGain.com, a real estate services website, revealed that 76 percent of homeowners believe their...       Trending wi...

It's official, Joby Slay is calling the bottom of the real estate market. Well at least in my mind it's official. In January of 2006, I remember having a conversation with a business partner and even my wife about getting out of residential real estate completely. Not because I was some sort of ...

  Existing-Home Sales Constrained by Tight Supply in May, Prices Continue to Gain     rismedia.com - Limited supplies of housing inventory held back existing-home sales in May, but sales maintained a strong lead over year-ago levels and home prices are on a sustained uptrend in all regions, acco...

Joby Slay and the Harvest Realty Group receive an award from Keller Williams South Florida Region for being NUMBER 9 in closed units for the entire South Florida Region including offices from Tampa to Miami. This is the second consecutive month the Harvest Group has received this award with a ran...

This is a follow up post to my previous posts from late 2011 regarding the Bank of America Florida Incentive Short Sale Pilot program that was introduced for a limited time at the end of last year. There was a lot of skepticism surrounding the program and how it would actually work and if this wa...

Fannie and Freddie Set Timeline Requirements for Short Sales By: Carrie Bay / Source: DSnews.com   Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 d...

Published by Jay Papasan, VP of Publishing and Executive Editor   In a recent Forbes blog post, multimillionaire hedge fund manager John Paulson declared that today’s record-low interest rates made this the best time to buy homes in fifty years. “If you don’t own a home, buy one,” Paulson said. “...