Vero Beach home buyers have been flocking to the market in droves this past year, trying to take advantage of affordable prices and record-low mortgage interest rates while they still can. When it comes to applying for a mortgage — the most important aspect of the home-buying process — recent surveys found that about one in three buyers have no […]
Buying Vero Beach Real Estate? Credit Score Mistakes
If you're like many people these days, either thinking of buying Vero Beach real estate, or refinancing your current mortgage, there's a lot you have to consider before doing either one. But before you get too busy thinking about how you'll spend the money you'll save by refinancing, or what your dream home might look like, stop for a minute […]
Most Lenders Believe The Vero Beach Housing Recovery is Real
A new survey of bank risk professionals, when asked about Vero Beach housing, shows the originations space warming to the idea of expanding home lending. Vero Beach Housing Prices Sustainable Approximately 70% of the professionals surveyed feel home prices are rising at a sustainable pace, reaffirming that the Vero Beach housing recovery is real. FICO and the Professional Risk Managers […]
Vero Beach Short Sales Taking Longer
Perhaps the greatest advantage of Vero Beach short sales to beleaguered homeowners facing default and foreclosure is the opportunity to move on with life and put the bad debt behind them as quickly as possible. Typically, Vero Beach short sales take longer to sell than normal home sales or foreclosures because of the time required for the parties-lender, buyer, seller-to […]
Tight-Fisted Lenders Causing Vero Beach Homebuyers Problems
Nearly half of all potential Vero Beach homebuyers can afford the median-priced home in the area, but that’s not much help if they can’t get a mortgage. Six years after the subprime mortgage meltdown, banks remain tight-fisted, even with solid borrowers — a fact they attribute to shifts in government regulation and demands that they buy back bad loans. Mortgage credit […]