Orlando Real Estate - Blog Obama Mortgage Loan Modification Plan Shows Potential April 3rd, 2009 8:45 PM Re-default data shows Obama housing plan potential (Reuters) - More than 58 percent of U.S. home loans modified in 2008 did not result in a decreased monthly payment, and those modifications often did not produce sustainable mortgages, according to a report released on Friday. The recent data on re-default rates for modified home mortgages indicate that the Obama administration's modification plan is headed in the right direction, said John Dugan, Comptroller of the Currency. Dugan said in light of the data released by his office on Friday, the OCC is going back to each of the servicers and directing them to review their modification policies to ensure that they are producing sustainable mortgages, and not just changing terms. The OCC is the regulator for the nation's largest banks. Modifications for loans that had "teaser rates" can result in payments that are unchanged or increase, but do not increase as much as contractually required. "I think what that tells us is it really does make a difference to have reduced payments as a factor in getting at the sustainability of a mortgage modification," Dugan said. "The approach the administration has taken with its program, which focuses very heavily on reducing monthly payments, this validates that kind of thought." complete story Source: Reuters - Karey Wutkowski Posted by Orlando Realty Experts on April 3rd, 2009 8:45 PMPost a Comment (0) * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

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Work with an Orlando Relocation Specialist Posted by Orlando Realty Experts on June 5th, 2008 9:45 PM May 2008 Orlando New Home Buyer: Time to Take the Plunge Posted by Orlando Realty Experts on May 27th, 2008 9:55 PM Orlando Distress Property Listings: Foreclosures, Bank Owned, REO's & Short Sales Posted by Orlando Realty Experts on May 24th, 2008 9:56 PM April 2008 Orlando Area Home Builders Report Uptick in Sales Posted by Orlando Realty Experts on April 14th, 2008 10:37 AM 10 Best Places for House Bargins - Orlando Florida Posted by Orlando Realty Experts on April 1st, 2008 12:01 AM February 2008 Orlando Real Estate Market Gains Retail Strength Posted by Orlando Realty Experts on February 29th, 2008 1:41 PM January 2008 Florida 2008 Forecast: Orlando is Strongest Real Estate Market in Florida Posted by Orlando Realty Experts on January 8th, 2008 12:16 AM Florida & Orlando still rank as best places to live Posted by Orlando Realty Experts on January 5th, 2008 11:20 PM December 2007 Orlando Ranks #1 - America's best jobs in the hottest markets Posted by Orlando Realty Experts on December 31st, 2007 1:47 PM Orlando Florida Ranks Top 5 - Best Performing City 2007 Posted by Orlando Realty Experts on December 27th, 2007 9:56 PM February 2011 (3) January 2011 (5) December 2010 (5) November 2010 (5) September 2010 (5) August 2010 (7) July 2010 (16) June 2010 (7) May 2010 (10) April 2010 (12) March 2010 (7) February 2010 (8) January 2010 (9) December 2009 (8) November 2009 (9) October 2009 (19) September 2009 (8) August 2009 (15) July 2009 (6) June 2009 (12) May 2009 (19) April 2009 (7) March 2009 (3) February 2009 (5) January 2009 (1) December 2008 (2) November 2008 (7) October 2008 (7) September 2008 (3) August 2008 (3) June 2008 (3) May 2008 (2) April 2008 (2) February 2008 (1) January 2008 (2) December 2007 (2) September 2007 (2) My Favorite Blogs: Access Florida Mortgages Buy Vacation Condos Buena Vista Development Services Cleaning Services Orlando FL Realty Agents .com Golden Oak Resort (Orlando Realty Experts .com) Orlando Real Estate Associates Sites That Link to This Blog: Access Florida Mortgages Buy Vacation Condos Buena Vista Development Services Cleaning Services Orlando FL Realty Agents .com Golden Oak Resort (Orlando Realty Experts .com) Jon C. Swanson Orlando Real Estate Associates

We at Orlando Realty Experts are looking for quality realtors to join our growing team of experts, providing professional real estate services to our customers and clients.  Also, offering lead generation and referral partnership programs for established market leaders.

Orlando Real Estate - Service Areas

Orlando – Kissimmee Metro Service Area: Altamonte Springs, Altoona, Apopka, Astatula, Astor Belle, Astor, Belle Isle, Casselberry, Celebration, Christmas, Chuluota, Clermont, Davenport, Dr. Phillips, Eustis, Fruitland Park, Geneva, Gotha, Grand Island, Groveland, Harmony, Howey in the Hills, Kissimmee, Lady Lake, Lake Mary, Leesburg, Longwood, Maitland, Mascotte, Montverde, Mt. Dora, Mt. Plymouth, Oakland, Ocoee, Orlando, Oviedo, Paisley, Poinciana, Reunion, Sanford, Sorrento, St. Cloud, Tangerine, Tavares, The Villages, Umatilla, Windermere, Winter Garden, Winter Park & Winter Springs.

Orlando Metro Service Area - Central Florida Counties: Orange County, Seminole County, Osceola County, Polk County & Lake County.

Orlando Realty Experts: Provides services to home buyers and sellers in Orlando Florida, including FREE Orlando MLS (multiple listing service) search, Orlando new construction homes, preconstruction property, foreclosures, short sales and distressed property in Orlando FL. We are experienced real estate Orlando agents and  brokers that can represent you in the buying process as a buyers agent or help you in selling a home in Orlando. About Us - Location 

Orlando Short Sale Center: A short sale in Orlando offers homeowners a way to avoid foreclosure and help save their credit.  We have a team of licensed Orlando Realtors and loss mitigation experts who specialize in pre-foreclosures and the short sale of all types of property. 

All our agents are licensed by the State of Florida DPBR; active members of the Orlando Board of Realtors, Florida Association of Realtors and National Association of Realtors.