May 2014

Found 4 blog entries for May 2014.

There is still help for those homeowners who are underwater. Florida's Hardest Hit Principal Reduction Program has reopened for applications. 

Last Thursday, the Florida Hardest Hit Principal Reduction Program reopened the application process for homeowners who are underwater with their mortgage.  A mere $102 million had been expended out of the $350 million allocation provided in 2010 and only 2,400 residents have been served to date.

Eligible homeowners who have remained current the last 24 months on their payments, and who owe at least 125% more on their home than its current market value, can receive up to $50,000 in assistance is provided to reduce the principal balance of the first mortgage, bringing the loan-to-value to no less than 100%.  

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Home prices up 1.9% over last year.
Market Pulse:In April, Home Prices Up 12.9% over Last Year   Standard and Poor's/Case-Shiller Home Price Index reported Nationwide home prices were up 12.9 percent on a year-over-year basis. It’s a market on the mend, with a 12.9 percent increase year-over-year.   Pending Home Sales Index (PHSI)   Other real estate news — the Pending Home Sales Index (PHSI), a good indicator based on signed contracts, increased 3.4 percent in March to 97.4 from an upwardly revised February level of 94.2.  The PHSI monthly increase reported by the National Association of Realtors was the first since June of 2013.
  The PHSI measures housing contract activity based on signed real estate contracts for existing single-family homes, condos and co-ops.…
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Renovated 1914 Craftsman Bungalow now on the market. The Main House at 2115 Forbes Street, with 2,450 square feet, four bedrooms, three baths, and an up-to-date kitchen. 

In the realm of Riverside top-to-bottom renovations, the 1914 Craftsman bungalow at 2115 Forbes Street is sure to be seen as a standout.  First, there’s the Main House, with 2,450 square feet, four bedrooms, three baths, and an uber-up-to-date kitchen re-do, with Carerra marble countertops, natural gas cooking, Bosch dishwasher and white subway tile backsplash. The home is pre-wired for every contingency: cable/internet in every room, ceiling speakers throughout — kitchen, living, dining and porch.   Wide opens spaces in this luxurious living/dining/family combination Wide opens spaces define this luxurious living/dining/family combination.

There’s potential rental income from the two-level…
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Jacksonville is one of the best places in the country to start a small business. 
Biz2Credit is one of the more popular online credit sources for startups and small businesses. They do general business loans, lines of credit, equipment loans and provide working capital.

On Monday they released a trio of research studies based on the areas of the country that are doing the most business with them. In all three studies, Jacksonville is among the top 25 cities for start-ups. That includes three separate categories: Women-Owned, Minority Entrepreneurs, and General Small Business.
The studies examined markets with the highest annual revenue, credit scores and other factors to arrive at their Top-25 Lists. Biz2Credit defined small business as less…
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