New HUD Program for Underwater Homes

Many homeowners who are underwater feel stuck because they can’t sell without taking a major loss and often they can’t refinance and if they want to benefit of certain mortgage modification programs they’re told they need to be behind on their home payments. If they’re current with their mortgage payments, All My Sons of Jacksonville found out thanks to AOL Real Estate that there’s a new U.S. Department of Housing and Urban Development program where homeowners can reduce their mortgage by 10%, if they qualify and if they’re lender approves. This is great for the states that have been hit the hardest including Florida, Nevada and Arizona which have between 35 and 70% of underwater home mortgages. As many as 4 million homeowners could get help by 2012 with the federal government funding up to 50 billion through the Troubled Asset Relief Program or TARP. To qualify the total mortgage amount for the borrower after refinancing can’t be greater than 115% of the current value of the home. The goal is to lower the mortgage to be closer to today’s actual value. The home must be the primary residence as well. There are more prerequisites on the TARP program.

New Community in Jacksonville, FL

The community of Oakleaf Plantation sits on 6,400 acres southwest of Jacksonville. It’s nestled between Clay and Duval Counties and offers easy access to the area’s interstates, downtown Jacksonville and moments away from shopping malls, restaurants, medical centers and more. To live here is to truly live in a community because you can work, play and live around here. It’s a multiple village-style subdivision with single-family homes, multiple family homes and apartments. Residences prices range from 100K to over 500K. The homes are built with fine craftsmanship in mind, quality and there are plenty of amenities too. There are two athletic centers with water parks including slide towers, spraygrounds, lagoon pools and a lap pool. The Centers also have clubhouses, fitness centers, soccer and baseball fields, basketball and tennis courts and playgrounds. There’s even a golf course surrounded by lakes.
If Oakleaf Plantation in Jacksonville sounds like the right community for your growing family, give All My Sons of Jacksonville a call so we can help you move and make the transition easier on you. Our local Jacksonville movers will take care of every detail of your residential move so you won’t have to worry about a thing. Just pack your belongings and leave the rest to us.

Real Estate News From The Jacksonville Movers

According to an article on Forbes.com, even though the unemployment rate is getting better, homeowners in certain metro areas continue to take a hit in terms of losing equity on their homes. Nevada and Florida were the hardest-hit states since the real estate market busted. Last week the S&P/Case-Shiller 20-city home price index revealed that February prices in Las Vegas, Miami and Tampa decreased about 8.3% over the same time period the year before. In California, even if the market seems to be getting better, home equity is still continuing to fall and many homeowners are forced to foreclose on their homes. The local Jacksonville movers found out that besides these three metros, Modesto California, Cape Coral-fort-Myers, Florida and Phoenix, Arizona also join the list lowest home equity to home value ratios.
If you’re facing foreclosure during these hard times, don’t forget to get you free online moving quote from the Jacksonville moving specialists so you can have simple, professional and affordable moving services in the surrounding areas. And if you’ll be relocating because of a new job, let All My Sons of Jacksonville know and we’ll help you get in touch with other All My Sons Moving offices throughout the U.S.

Buying a Vacant Home

Recently MSN.com featured an article on the pros and cons of purchasing vacant homes and whether or not they’re good to move into. The Jacksonville movers bring you the highlights. First, a home can be vacant due to a number of reasons from a marriage gone bad to a job relocation or simply a bank foreclosure because of missed mortgage payments. Vacant homes can be problematic at times because they can have a wide range of problems due to neglect and deferred maintenance and upkeep of the house, not to mention vandalism if it has been vacant for a long time. Problems can include broken windows, broken water pipes, stolen electrical wiring, damaged appliances, mold and more. The local Jacksonville moving specialists learnt that according to the U.S. Census Bureau, 2.2 million homes for sale were vacant in 2008, which is double the number compared to the year 2000. If you find a great bargain price for a vacant home in a neighborhood you like and feel comfortable with maybe purchasing it, hire a professional and reputable home inspector that will prepare a report on the home’s condition. Have them insect the house thoroughly, check everything from plumbing, electric, heating and cooling system and everything in between.