Wednesday, February 17, 2016

The Data says it all

Financial indicators such as yield spreads between investment grade bonds and junk bonds, equity values, inflation rates, Treasury yields and commodity prices suggest a weak economy and a moderately high recession probability.
Yet car and home sales, employment growth, job quits, loan delinquencies, income growth, and now consumer spending suggest continued unspectacular growth and a low likelihood of recession.
I put the chances of recession at a relatively low 35%, but it's just a guess.
Happy Hump Day
https://youtu.be/G2s0RPrdB_8
          Has your property value gone up or is it a victim of the latest Neighborhood                        
                                      Foreclosure Syndrome. Find Out Now For FREE!   
                                             Go To: www.WhatsMyMarketValue.com !
Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
www.AntonelliRealty.com
http://www.PaulAntonelli.com/
www.GetFreeShortSaleHelp.com
http://www.WhatsMyMarketValue.com/
www.ThatShortSaleGuy.com
http://www.paulantonelli.realtor/

Friday, February 6, 2015

Not the Walking Dead type

Despite a 35 percent decrease in zombie foreclosures – homes in the foreclosure process where the owner has already moved out – compared to a year ago, Florida has the highest number of any state in the first quarter of 2015 with 35,903 – a drop from 54,908 in the first quarter of 2014.
 Zombie foreclosures account for 26 percent of all foreclosures in Florida, according to RealtyTrac's Q1 2015 Zombie Foreclosure Report released today.

 Zombie foreclosures decreased from a year ago in Miami, Chicago and Tampa; even so, those three metros still posted the second, third and fourth highest number of zombie foreclosures among metro areas nationwide. Miami had 9,580 zombie foreclosures (19 percent of all foreclosures but down 34 percent from a year ago) and Tampa had 7,838 zombie foreclosures (34 percent of all foreclosures but down 25 percent from a year ago).

 New York City had the highest total number of zombie foreclosures with 19,177. It also had a significant increase year-to-year, with its zombie foreclosures rising 73 percent.

 Other metro areas among the top 10 for most zombie foreclosures were Orlando (3,718), Jacksonville (2,368), Los Angeles (2,074), Las Vegas (1,832), and Baltimore, Maryland (1,722).

 Nationwide, 142,462 homes actively in the foreclosure process had been vacated by the homeowners prior to the bank repossessing the property – 25 percent of all active foreclosures. The number is down 6 percent year-to-year, but the 25 percent share (percentage that zombie foreclosures are of total foreclosures) was up from 21 percent.


"While the number of vacated zombie foreclosures is down from a year ago, they represent an increasing share of all foreclosures because they tend to be the problem cases still stuck in the pipeline," says Daren Blomquist vice president at RealtyTrac. "Additionally, the states where overall foreclosure activity has been increasing over the past year – counter to the national trend – tend to be states with a longer foreclosure process more susceptible to the zombie problem."

Thinking of selling your home?   Or maybe just curious about its current value?
Go To: 
www.WhatsMyMarketValue.com to find out now for Free!
Paul Antonelli  REALTOR Professional
Broker / Owner  of  Antonelli Realty
Your Full Service Realtor

Cell; 321-443-4028    Email; 
Info@PaulAntonelli.com
www.AntonelliRealty.com         
http://www.PaulAntonelli.com/          
http://www.paulantonelli.realtor/

Say Good Bye to the Shack

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     If you were like me, in the 60’s & 70’s, you too probably frequented a Radio Shack for your electronic parts and pieces and the occasional electronic purchase. I remember when I was a kid I bought my first transistor radio there. It was a bright blue and fit in the palm of my hand, and I took it everywhere. When I was older, in my teens, it was time for CB radios and the Shack was the place to go.
 
RadioShack was founded in 1921, selling radio supplies to officers on ships. According to a CBS News history of the store, it later expanded to stores and the mail-order business. It struck it big with two products: first CB radios, then the TRS-80, one of the first mass-produced personal computers.  The company rose to glory with the mass adoption of the radio in the 1920s and 1930s after opening its first RadioShack store in Boston in 1921 (my home town).
As time went on, it slowed its sales of computers and it missed the digital age by first refusing to sell products online.
In recent years, it tried to make itself cool, but instead it ended up with an odd array of products on its shelves that failed to draw customers in.
Well after all these years, 94 to be exact, of hanging in there and giving it the old school try they filed for Chapter 11 bankruptcy on Thursday.
According to the AP, the company announced a deal to sell between 1,500 and 2,400 stores to a consortium including Standard General and Sprint while in restructuring.
The bankruptcy filing ends a surprisingly long run for RadioShack. While some electronics competitors such as Circuit City and Nobody Beats The Wiz died years ago, the Ft. Worth, Tx.-based company withstood the internet age, the rise of Apple and consumers’ transition to wireless devices mostly by selling cords, esoteric technological parts, battery packs and adapters.
The company filed with $1.2 billion in assets and $1.38 billion in liabilities in a Delaware court Thursday, listing between 50,000 and 100,000 creditors. Wilmington Trust Company, owned by M&T Bank, is listed as RadioShack’s largest unsecured creditor with a $329 million claim, while Sprint holds a $6 million claim.
There will be life, of sorts, after bankruptcy. Standard General, a private equity fund said on Thursday it reached a deal to acquire up to 2,400 RadioShack stores and will work with Sprint to create 1,750 store-within-a store concepts nationwide.
Standard General also filed a motion to close RadioShack’s remaining company-owned stores under an agreement with Hilco Merchant Resources. Currently, RadioShack currently has approximately 4,000 company owned stores in the U.S., and over 1,000 dealer franchise stores in 25 countries.
RadioShack stores operated by its Mexican subsidiary and its Asia operations are not a part of the company’s Chapter 11 filing.
So say good bye to and old friend today, another notch on the belt of the ever changing retail world.

Thinking of selling your home?   Or maybe just curious about its current value?
Go To: www.WhatsMyMarketValue.com to find out now for Free!
Paul Antonelli
REALTOR Professional
Broker / Owner  of  Antonelli Realty
Your Full Service Realtor
Cell; 321-443-4028    Email; Info@PaulAntonelli.com
www.AntonelliRealty.com        
http://www.PaulAntonelli.com/        
www.GetFreeShortSaleHelp.com    
http://www.WhatsMyMarketValue.com/
www.ThatShortSaleGuy.com
http://www.paulantonelli.realtor/

Serving ; 32703 Apopka South, 32704 Apopka, 32709 Christmas, 32710 Clarcona, 32712 Apopka North, 32751 Maitland / Eatonville, 32768 Plymouth, 32777 Tangerine, 32786 Windermere, 32787 Winter Garden, 32789 Winter Park West, 32790 Winter Park, 32792 Winter Park East, 32793 Winter Park, 32794 Maitland, 32798 Zellwood, 32801 Downtown Orlando, 32802 Orlando, 32803 Colonialtown / Audubon Park, 32804 College Park, 32805 Washington Shores, 32806 Delaney / Pershing, 32807 Azalea Park, 32808 Pine Hills, 32809 Pinecastle/Belle Isle, 32810 Lockhart, 32811 Orlo Vista, 32812 Belle Isle, 32813 Orlando, 32814 Baldwin Park, 32817 University, 32818 Pine Hills / Hiawassee, 32819 Sand Lake, 32820 Bithlo, 32821 Williamsburg, 32822 Ventura, 32824 Taft, 32825 Union Park, 32827 Lake Nona, 32828 Waterford, 32829 Chickasaw, 32830 Lake Buena Vista, 32831 Union Park, 32832 Orlando, 32833 Union Park, 32834 Orlando, 32835 Orlando, 32836 Orlando, 32837 Orlando, 32839 Pine Castle, 32853 Orlando, 32854 Orlando, 32855 Orlando,32856 Orlando,32857 Orlando,32858 Orlando,32859 Orlando,32860 Orlando,32861 Orlando,32862 Orlando,32867 Orlando,32868 Orlando,32869 Orlando,32872 Orlando,32877 South Creek,32878 Orlando,34734 Gotha,34740 Killarney,34760 Oakland,34761 Ocoee, 34777 Winter Garden, 34778 Winter Garden, 34786 Windermere, 34787 Winter Garden / Oakland, 32741 Kissimmee, 32743 Kissimmee, 33848 Intercession City, 34741 Kissimmee, 34742 Kissimmee, 34743 Buena Ventura Lakes, 34744 Kissimmee East, 34745 Kissimmee, 34746 Kissimmee, 34747 Celebration, 34758 Poinciana North, 34769 Saint Cloud, 34770 Saint Cloud, 34771 Narcoossee, 34772 Saint Cloud, 33837 Davenport, 33844 Haines City, 33845 Haines City, 33868 Polk City, 33880 Winter Haven, 33881 Winter Haven, 33882 Winter Haven, 33883 Winter Haven, 33896 Davenport / Champions Gate, 33897 Davenport, 33898 Lake Wales, 34759 Poinciana South, 32701 Altamonte Springs, 32707 Casselberry, 32708 Winter Springs / Tuscawilla, 32714 Altamonte Springs West, 32715 Altamonte Springs, 32716 Altamonte, 32717 Casselberry, 32718 Casselberry, 32719 Winter Springs, 32730 Fern Park, 32732 Geneva, 32733 Goldenrod, 32747 Lake Monroe, 32750 Longwood East, 32752 Longwood, 32762 Oviedo, 32765 Oviedo, 32766 Chuluota / Oviedo, 32771 Sanford North, 32772 Sanford, 32773 Sanford South, 32779 Longwood,

Thursday, February 5, 2015

Can you believe it made the news

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While all oil-producing nations are suffering as oil prices collapse, the hardest hit nation is Venezuela.
It's getting crushed as oil prices collapse since oil accounts for 95% of export earnings, 45% of budget revenues and 12% of GDP.
If oil prices don't rebound soon, Venezuela will default on its $35 billion in foreign debt, unless Beijing continues lending Venezuela more money on top of the $50 billion already lent.    
And while we’re on the topic, the other day gas prices were in the news because they went up Two cents. Can you believe it a two cent increase made the news? 
Later in the morning I go for coffee and see that a majority of the local gas stations went up between .20 cents and as much as .26 cents. Only two of the 10 I passed went up just .07 cents.
So why is it that when gas goes down it goes down slowly a penny or two at a time but when it goes up, holly Price Increase Batman!!! Gas increases a dime or two or more at a clip. The news stated, a “Two Cent Increase”, yea where? Maybe it is two cents per ounce.   

Thinking of selling your home?   Or maybe just curious about its current value? 
Go To: www.WhatsMyMarketValue.com to find out now for Free!
Paul Antonelli
REALTOR Professional
Broker / Owner  of  Antonelli Realty
Your Full Service Realtor 
Cell; 321-443-4028    Email; Info@PaulAntonelli.com
www.AntonelliRealty.com         
http://www.PaulAntonelli.com/          
www.GetFreeShortSaleHelp.com     
http://www.WhatsMyMarketValue.com/ 
www.ThatShortSaleGuy.com
http://www.paulantonelli.realtor/

Serving ; 32703 Apopka South, 32704 Apopka, 32709 Christmas, 32710 Clarcona, 32712 Apopka North, 32751 Maitland / Eatonville, 32768 Plymouth, 32777 Tangerine, 32786 Windermere, 32787 Winter Garden, 32789 Winter Park West, 32790 Winter Park, 32792 Winter Park East, 32793 Winter Park, 32794 Maitland, 32798 Zellwood, 32801 Downtown Orlando, 32802 Orlando, 32803 Colonialtown / Audubon Park, 32804 College Park, 32805 Washington Shores, 32806 Delaney / Pershing, 32807 Azalea Park, 32808 Pine Hills, 32809 Pinecastle/Belle Isle, 32810 Lockhart, 32811 Orlo Vista, 32812 Belle Isle, 32813 Orlando, 32814 Baldwin Park, 32817 University, 32818 Pine Hills / Hiawassee, 32819 Sand Lake, 32820 Bithlo, 32821 Williamsburg, 32822 Ventura, 32824 Taft, 32825 Union Park, 32827 Lake Nona, 32828 Waterford, 32829 Chickasaw, 32830 Lake Buena Vista, 32831 Union Park, 32832 Orlando, 32833 Union Park, 32834 Orlando, 32835 Orlando, 32836 Orlando, 32837 Orlando, 32839 Pine Castle, 32853 Orlando, 32854 Orlando, 32855 Orlando,32856 Orlando,32857 Orlando,32858 Orlando,32859 Orlando,32860 Orlando,32861 Orlando,32862 Orlando,32867 Orlando,32868 Orlando,32869 Orlando,32872 Orlando,32877 South Creek,32878 Orlando,34734 Gotha,34740 Killarney,34760 Oakland,34761 Ocoee, 34777 Winter Garden, 34778 Winter Garden, 34786 Windermere, 34787 Winter Garden / Oakland, 32741 Kissimmee, 32743 Kissimmee, 33848 Intercession City, 34741 Kissimmee, 34742 Kissimmee, 34743 Buena Ventura Lakes, 34744 Kissimmee East, 34745 Kissimmee, 34746 Kissimmee, 34747 Celebration, 34758 Poinciana North, 34769 Saint Cloud, 34770 Saint Cloud, 34771 Narcoossee, 34772 Saint Cloud, 33837 Davenport, 33844 Haines City, 33845 Haines City, 33868 Polk City, 33880 Winter Haven, 33881 Winter Haven, 33882 Winter Haven, 33883 Winter Haven, 33896 Davenport / Champions Gate, 33897 Davenport, 33898 Lake Wales, 34759 Poinciana South, 32701 Altamonte Springs, 32707 Casselberry, 32708 Winter Springs / Tuscawilla, 32714 Altamonte Springs West, 32715 Altamonte Springs, 32716 Altamonte, 32717 Casselberry, 32718 Casselberry, 32719 Winter Springs, 32730 Fern Park, 32732 Geneva, 32733 Goldenrod, 32747 Lake Monroe, 32750 Longwood East, 32752 Longwood, 32762 Oviedo, 32765 Oviedo, 32766 Chuluota / Oviedo, 32771 Sanford North, 32772 Sanford, 32773 Sanford South, 32779 Longwood, 

Wednesday, January 14, 2015

How low can it go


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Before oil prices can rise, production must decline and/or demand must rise and demand won't increase anytime soon with Europe, Japan and Brazil as weak as they are, Russia in recession and China slowing.

That means supply must fall and that will probably require still cheaper oil.

Recent research suggests that even at $40 per barrel, only 1.6% of world oil supply faces negative cash flow and the glut is about twice that big.

Maybe $37 per barrel?

We are currently at $45 per barrel, down .79 cents. But many economists feel we may go as low as $35 per barrel.

Homeowners having trouble with their mortgages can call 321-443-4028, The Areas #1 Short Sale Specialist or visit www.ThatShortSaleGuy.com .

Paul Antonelli

REALTOR Professional

Broker / Owner of Antonelli Realty

Your Full Service Realtor

Cell; 321-443-4028 Email; Info@PaulAntonelli.com

www.AntonelliRealty.com

http://www.PaulAntonelli.com/

www.GetFreeShortSaleHelp.com

http://www.WhatsMyMarketValue.com/
 Serving ; 32703 Apopka South, 32704 Apopka, 32709 Christmas, 32710 Clarcona, 32712 Apopka North, 32751 Maitland / Eatonville, 32768 Plymouth, 32777 Tangerine, 32786 Windermere, 32787 Winter Garden, 32789 Winter Park West, 32790 Winter Park, 32792 Winter Park East, 32793 Winter Park, 32794 Maitland, 32798 Zellwood, 32801 Downtown Orlando, 32802 Orlando, 32803 Colonialtown / Audubon Park, 32804 College Park, 32805 Washington Shores, 32806 Delaney / Pershing, 32807 Azalea Park, 32808 Pine Hills, 32809 Pinecastle/Belle Isle, 32810 Lockhart, 32811 Orlo Vista, 32812 Belle Isle, 32813 Orlando, 32814 Baldwin Park, 32817 University, 32818 Pine Hills / Hiawassee, 32819 Sand Lake, 32820 Bithlo, 32821 Williamsburg, 32822 Ventura, 32824 Taft, 32825 Union Park, 32827 Lake Nona, 32828 Waterford, 32829 Chickasaw, 32830 Lake Buena Vista, 32831 Union Park, 32832 Orlando, 32833 Union Park, 32834 Orlando, 32835 Orlando, 32836 Orlando, 32837 Orlando, 32839 Pine Castle, 32853 Orlando, 32854 Orlando, 32855 Orlando,32856 Orlando,32857 Orlando,32858 Orlando,32859 Orlando,32860 Orlando,32861 Orlando,32862 Orlando,32867 Orlando,32868 Orlando,32869 Orlando,32872 Orlando,32877 South Creek,32878 Orlando,34734 Gotha,34740 Killarney,34760 Oakland,34761 Ocoee, 34777 Winter Garden, 34778 Winter Garden, 34786 Windermere, 34787 Winter Garden / Oakland, 32741 Kissimmee, 32743 Kissimmee, 33848 Intercession City, 34741 Kissimmee, 34742 Kissimmee, 34743 Buena Ventura Lakes, 34744 Kissimmee East, 34745 Kissimmee, 34746 Kissimmee, 34747 Celebration, 34758 Poinciana North, 34769 Saint Cloud, 34770 Saint Cloud, 34771 Narcoossee, 34772 Saint Cloud, 33837 Davenport, 33844 Haines City, 33845 Haines City, 33868 Polk City, 33880 Winter Haven, 33881 Winter Haven, 33882 Winter Haven, 33883 Winter Haven, 33896 Davenport / Champions Gate, 33897 Davenport, 33898 Lake Wales, 34759 Poinciana South, 32701 Altamonte Springs, 32707 Casselberry, 32708 Winter Springs / Tuscawilla, 32714 Altamonte Springs West, 32715 Altamonte Springs, 32716 Altamonte, 32717 Casselberry, 32718 Casselberry, 32719 Winter Springs, 32730 Fern Park, 32732 Geneva, 32733 Goldenrod, 32747 Lake Monroe, 32750 Longwood East, 32752 Longwood, 32762 Oviedo, 32765 Oviedo, 32766 Chuluota / Oviedo, 32771 Sanford North, 32772 Sanford, 32773 Sanford South, 32779 Longwood, 

Tuesday, October 21, 2014

Another Mortgage Change

Federal Housing Administration (FHA) plans to reintroduce a rule it put on hiatus during the national housing recovery: After Dec. 31, investors will once again have to own a property for at least 90 days before reselling it at a higher price if they use agency financing.

The government waived the 90-day mandatory ownership period in 2010, and FHA estimates that about 102,000 properties were renovated and resold under the waiver.

However, the 90-day rule was designed to protect consumers from con artists who flipped homes at hyper-inflated prices after completing only surface repairs and doing shoddy construction.

According to FHA, the waiver has "done its job" by stimulating growth and stabilizing prices. But "inherent dangers exist when there are no minimum ownership periods for flippers," according to Harney.

Some investors and lenders hate to see the waiver end.

"The sad part is the majority of these properties were improved and [located] in underserved areas," says First Mortgage President Clem Ziroli Jr. "Having a rehabilitated house available to these borrowers" helped them get previously dilapidated homes that were made safe for occupancy."

Colonial Mortgage Group President Paul Skeens, meanwhile, warned that, as a rehab investor, he will have to ask more money for the homes he renovates and resells.

"FHA seems dead set on reverting to its pre-bust flipping restrictions," says Harney. "Financing will still be available, but selling prices of the end product – rehabbed houses for moderate-income buyers – are almost certain to be higher."

The new standard is slated to take effect after Dec. 31.
Here we go again!!!!!!
Paul Antonelli
THAT SHORT SALE GUY .com
Broker / Owner Antonelli Realty
Orlando, FL.
info@PaulAntonelli.com
http://www.GetFreeShortSaleHelp.com

Thursday, October 16, 2014

Many people are now losing their loans . . . . .

In the days before the great times, actually 60 days ago, if the borrower had a short sale over 2 years ago AND has 20% down payment then the borrower is eligible for a new Conventional loan without having to document an extenuating circumstance. Now the new rule is more restrictive and no longer allows borrower’s to obtain financing after 2 years unless an extenuating circumstance can be completely documented (regardless of down payment). In an extenuating circumstance cannot be documented (as defined by Fannie Mae’s rules of what is “extenuating”) then the borrower must now wait 4 years to obtain financing.
The new rule says that the borrower must wait 7 years now after a foreclosure unless they can  document extenuating circumstances.
The Waiting Period for Mortgage Debt Discharged through Bankruptcy is effective immediately. The Waiting Period after a Preforeclosure Sale or Deed-in-Lieu of Foreclosure and Charge Off Accounts – Mortgage Debt changes are effective for mortgage loans with applications dated on and after August 16, 2014
The waiting period requirements for borrowers who have had a previous deed-in-lieu of foreclosure or preforeclosure sale are being updated to now require a four-year waiting period; though a two-year waiting period will be permitted if the event was due to extenuating circumstances and the loan complies with all requirements specific to a deed-in-lieu of foreclosure or a preforeclosure sale due to extenuating circumstances.
For loan applications taken on or after August 16, 2014, the lender must document that the deed-in-lieu of foreclosure was completed four or more years from the disbursement date of the new loan, or two or more years from the disbursement date of the new loan when the lender confirms that the mortgage loan meets the applicable timeframes and eligibility requirements for a deed-in-lieu of foreclosure due to extenuating circumstances, in order for the loan to be eligible for delivery to Fannie Mae. For loan applications taken before August 16, 2014, the lender must document that the event was completed two or more years from the disbursement date of the new loan, and that the loan complies with all other requirements specific to a deed-in-lieu of foreclosure specified in the Selling Guide in order for the loan to be eligible for delivery to Fannie Mae. If the account was subject to a foreclosure, the foreclosure must have been completed seven or more years from the disbursement date of the new loan.
Waiting Period for Mortgage Debt Discharged through Bankruptcy
The Selling Guide has been updated to indicate that if a mortgage debt has been discharged through bankruptcy, even if a foreclosure action is subsequently completed to reclaim the property in satisfaction of the debt, the borrower is held to the bankruptcy waiting periods and not the foreclosure waiting period. Lenders must obtain documentation to verify that the mortgage debt in question was in fact discharged as part of the bankruptcy.
Waiting Period after a Preforeclosure Sale or Deed-in-Lieu of Foreclosure
The current requirements that apply to waiting periods following a preforeclosure sale (short sale) or deed-in-lieu of foreclosure provide for different waiting periods of 2 years or 4 years and set out different maximum loan-to-value ratios (LTV) for those timeframes. These requirements are being updated to remove the LTV restrictions tied to different waiting periods, and establish a standard 4 year waiting period, with a 2 year waiting period permitted if a borrower has extenuating circumstances.

So, if you have been waiting for a short sale and already have submitted your pre-approval before the Aug change, you should probably have that updated. Many people are now losing their loans due to this current change.

Paul Antonelli
Broker / Owner 
ANTONELLI  REALTY
Orlando, FL
321-443-4028
info@PaulAntonelli.com
www.ThatShortSaleGuy.com                         www.PaulAntonelli.com