Parkland Parrot

Refinance Mortgage Programs For Underwater Parkland Homeowners Now Available

Calling All Underwater Parkland Florida Homeowners – New Refinance Program Now Available

The Obama Administration is releasing a brand new revision to the Home Affordable Refinance Program for homeowners that are underwater on their mortgages.  Struggling homeowners that owe more than their homes are worth can take advantage of this new program.

Below, please see the criteria that homeowners must meet to take advantage of this program:

• Borrowers must be current on their mortgage payments.
• The loans must be backed by Fannie Mae or Freddie Mac.
• Fannie Mae or Freddie Mac must have bought these loans no later than May 31, 2009.
• To find out if your loan is owned by Fannie, click here. To see if it’s owned by Freddie, click here.

Some other revisions to the Home Affordable Refinance Program are that the government will allow some borrowers to refinance their mortgages even if their mortgages exceed 125% of the values of their homes.  Other noted changes to the program also permit less risk for lenders and decreased fees for borrowers.  Some homeowners can even qualify to refinance their mortgages even if they had a foreclosure in the past seven years!

This new program could help tens of thousands of South Florida residents that owe a lot more than their homes are worth.  In fact, Corelogic, a research firm, reported that four out of 10 homeowners in Broward and Palm Beach counties are currently underwater on their mortgages.  Today is the launch of this new program nationwide, but mortgage experts caution underwater homeowners looking to take advantage of this new government program to be patient, as many lenders are not prepared to accept many applications right away.  I caution homeowners to be patient and shop multiple lenders in order to receive the best rates and programs.

I think this program will indeed help many Parkland and South Florida homeowners.  As a result of underwater homeowners taking advantage of this program, the overall real estate market in Parkland will improve.  In the future, more homeowners will be able to refinance their mortgages and stay in their homes resulting in less distressed home listings being put on the market for sale including short sales and bank foreclosures.  If you are looking to take advantage of this new program and need to speak with an expert mortgage professional, please give me a call at: 954-609-0591.

Know the neighborhood. Know the value. Know your Parkland hometown agents: The Parkland Parrot Real Estate Team.  If you are interested in buying or selling a home in Parkland or South Florida and are looking for experience local Realtors, please do not hesitate to contact us at: 954-609-0591 or send us a message here.

Parkland Home Buyers-30 Year Mortgage Rates Drop Below 4 Percent

Parkland and South Florida Home Buyers Need To Take Advantage Of Record Low Interest Rates

Yesterday, Freddie Mac reported that the average 30-year fixed mortgage interest rates fell just below 4% for only the second time this year. Chad Wandler, a Freddie Mac spokesman, stated that these interest rates have not been this low for 60 years when long-term rates were recorded.

Freddie Mac stands for Federal Home Loan Mortgage Corporation, which is a government-sponsored entity first organized in 1970 to buy mortgages on the secondary market and help expand the availability of money for home loans.  Freddie Mac’s Vice President Frank Nothaft stated that,”Soft home prices and low mortgage rates have kept home-buyer affordability historically high.”

I have been professing that now is truly the best time to buy a home in Parkland or South Florida.  With interest being under 4% and home prices at record low numbers, what are you waiting for?  Sellers that have their Parkland homes on the market are serious about selling.  Now is the time to purchase a home in the City of Parkland.  What a great start to 2012 by owning a home in Parkland, Florida and living the Parkland lifestyle.

Search Current Available Parkland Homes For Sale

Know the neighborhood. Know the value. Know your Parkland hometown agents: The Parkland Parrot Real Estate Team.  If you are interested in buying or selling a home in Parkland or South Florida and are looking for experience local Realtors, please do not hesitate to contact us at: 954-609-0591 or send us a message here.

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40 Parkland Florida Homes Sold In August 2011

Parkland Real Estate Single Family Market Home Update For August 2011 Presented By Realtor Michael Citron

Property Address	Type Of Listing	Community	Price	Beds/Baths	Square Feet
8720 NW 68th Court	Regular Sale	BBB Ranches	$4,000,000	6/8.5	12,404
7240 Lemon Grass Dr	Regular Sale	Parkland Golf & CC	$1,375,000	5/6.5	5,881
7588 NW 117th Lane	Regular Sale	Heron Bay – Highlands	$835.000	6/5	4,544
8011 Falls Lane	Regular Sale	Cypress Head	$775.000	5/4	4,749
9560 Eden Manor	Regular Sale	Parkland Golf & CC	$625,000	4/4.5	3,716
11953 NW 79th Court	Regular Sale	Heron Bay – Highlands	$780,000	4/3	3,214
12229 NW 72nd Street	Regular Sale	Heron Bay – Edgewood	$590,000	5/3	3,249
7426 NW 116th Lane	Regular Sale	Heron Bay – The Highlands	$580,000	5/3	3,433
10218 NW 66th Drive	Short Sale	Fox Ridge	$580,000	5/5	3,874
5836 NW 83rd Ter	Bank Foreclosure	Tall Pines	$575,000	5/4	4,409
11066 NW 79th Place	Regular Sale	Heron Bay  The Glen	$575,000	5/4	4,222
7273 NW 116th Lane	Short Sale	Heron Bay – The Highlands	$570,500	5/3	3,300
7550 NW 84th Avenue	Regular Sale	BBB Ranches	$565,000	4/2	2,711
9539 Ginger Court	Regular Sale	Parkland Golf & CC	$550,000	5/3.5	3,633
10581 NW 66th Street	Short Sale	Fox Ridge	$535,000	4/4	3,035
6611 NW 72nd Place	Regular Sale	Ternbridge	$535,000	5/3	2,894
7215 NW 110th Avenue	Regular Sale	Parkland Isles	$520,000	5/3	3,063
7024 NW 70th Ter	Regular Sale	Ternbridge	$517,000	4/4	2,928
7620 W Upper Ridge Dr	Regular Sale	Cypress Head	$515,000	4/2.5	3,295
9587 Cinnamon Court	Bank Foreclosure	Parkland Golf & CC	$505,000	5/4	3,947
10865 NW 66th Court	Short Sale	Parkland Isles	$500,000	5/3.5	3,085
6209 NW 71st Ter	Bank Foreclosure	Pine Tree	$496,200	5/3	3,3,13
8224 NW 107th Ter	Regular Sale	Heron Bay – Creekside	$487,000	4/3	3,011
7380 Wisteria Avenue	Regular Sale	Parkland Golf & CC	$457,000	3/2.5	3,523
10340 NW 60th Place	Regular Sale	Waters Edge	$450,000	4/3.5	3,423
7504 NW 114th Ter	Regular Sale	Heron Bay – The Reserve	$425,000	4/4	2,575
10075 Vintage Place	Short Sale	Parkland Golf & CC	$425,000	3/2.5	3,534
6885 Long Leaf Dr	Short Sale	Parkland Golf & CC	$418,000	5/3	4,317
6020 NW 96th Drive	Regular Sale	The Landings	$415,000	4/3	2,509
6338 NW 75th Way	Short Sale	Pine Tree	$410,000	4/2.5	3,032
12087 NW 76th Place	Short Sale	Heron Bay – The Greens	$380,000	4/2.5	2,487
6165 NW 107th Ter	Bank Foreclosure	Parkland Isles	$379,000	4/3	3,024
11938 NW 82nd Street	Regular Sale	Heron Bay – Somerset	$350,500	3/2	1,814
11655 NW 71st Place	Short Sale	Heron Bay – Bay Cove	$340,000	3/2.5	2,196
7006 Spyglass Avenue	Bank Foreclosure	Parkland Golf & CC	$338,000	3/3	2,905
7086 Spyglass Avenue	Short Sale	Parkland Golf & CC	$335,000	5/3.5	4,100
7866 NW 60th Lane	Short Sale	Heron Bay – Banyan Isles	$279,000	4/2.5	2,593
8072 NW 125th Ter	Bank Foreclosure	Heron Bay – Sable Point	$275,000	4/3	3,503
12420 NW 83rd Court	Regular Sale	Heron Bay – Sable Point	$260,000	5/3	3,244
6004 NW 74th Street	Short Sale	Parkwood	$235,000	4/2	2,669

There were 40 total single family sales for the month of August, 2011 ranging in price from $235,000 to $4,000,000 (Click Here To View Details On 4 Million Dollar BBB Ranches Sale). Last month, there were 32 total single family home sales. There were 8 more Parkland single family homes sold in the month of August, 2011 than in July, 2011. Among the August sales, 18 were distressed sales (bank foreclosures, short sales, or corporate owned properties). 45% of all sales were distresses ones.

Homes sales have increased in Parkland Golf & Country Club.  Among the Parkland homes sold in August, 8 were in Parkland Golf & Country Club.  Since builder Toll Brothers took over the project, there have been an increase in overall sales in the community, which is excellent for the overall real estate market in the City of Parkland, Florida.

There was also 12 homes sold in Heron Bay in the month of August, 2011.  We have discussed in past articles that many home buyers have called Heron Bay home in the past year, as prices have become very affordable in this community. Heron Bay homeowners enjoy resort-style amenities in an exclusive man-gated community.  We have also been informing our clients that: It is ironic, but now is the best time to sell or buy Parkland real estate this Summer. With low mortgage rates and homes at affordable prices, more and more buyers can call Parkland home and live the Parkland Lifestyle.

Every month on our website, you can be assured that I will keep the public abreast of all of the monthly sales and market activity, especially with Parkland short sales and bank foreclosure properties. I also publish all of the Parkland residential single family home sales, as being a Parkland resident, I truly know how important it is to know the single family residential sales that takes place in the City of Parkland. If you would like to see home sales in the past months, please click here.

Know the neighborhood. Know the value. Know your hometown agents: The Parkland Parrot Real Estate Team. If you are interested in buying or selling in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

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Parkland Real Estate Agent Michael Citron Sells Another Meadow Run Home

Parkland Realtor Michael Citron Sells Meadow Run Home – 6280 NW 104TH WAY, PARKLAND, FL 33076

I am pleased to announce my Parkland Meadow Run West listing just sold for top market dollar.  This home is picture-perfect.  I not only sold this home, but also found the buyer too, so I am very excited representing both the sellers and buyers on this transaction.   Please see the details of the home below:

Community: Meadow Run
6280 NW 104th Way, Parkland, FL 33076
Beds: 5 Bedroom With Playroom / Man Room
Baths:  3.5 Bathrooms
Square Footage: 4,235 Under
Asking Price:  $689,000

Click Here For Complete Details, More Pictures & Video Tour Of This Stunning Parkland Home

LIVE THE PARKLAND LIFESTYLE!  Not A Short-Sale Or Foreclosure! Stunning Meadow Run Estate Home With 180 Degree Water Views, 5 Full Bedrooms Plus Huge Playroom Area, Heated Pool With Spa, 3 Car Garage On Large Cul-De-Sac Lot.This Home Features Tri-Split Floor Plan, Real Wood Floors Throughout Main Living Areas, Accordion Hurricane Shutters, Huge Master Bedroom With Sitting Area, Large Kitchen With Granite Countertops, Panel Appliances & Island, Crown Molding Throughout, Outside Built-In Grill, Surround Sound & Much More!

If you are thinking about selling your home and buying a new home, now is the best time.  Please read my past article: Ironic But It Is The Best Time To Sell Or Buy A Parkland Real Estate Home

The Parkland Parrot is the most comprehensive online source for Parkland, Florida real estate information.  Whether you are interested in knowing the latest home sales, trends, or local city information in Parkland, The Parkland Parrot has it all at your fingertips.  Click Here To Search Parkland homes

Know the neighborhood. Know the value. Know your hometown agents: The Parkland Parrot Real Estate Team. If you are interested in buying or selling in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at: 954-609-0591 or send us a message here.

Related Articles:
5 Reasons To Sell Your Parkland Florida Home Now
If I Sell My Parkland Florida Home – How Much Money Will I Net?

Lack Of Good Listings For Sale In Parkland Florida

We are flattered to hear that many of our readers are using our website ParklandParrot.com as their ultimate source to search for available Parkland homes as well as to locate information on Parkland schools, businesses, parks and recreation, and so much more.  As of late, many readers are inquiring about purchasing a home in the City of Parkland.

Currently, I am working with a few different families looking for the perfect Parkland home in various price ranges.  Unfortunately for buyers, there has been a lack of overall inventory in the City of Parkland.  Parkland is certainly a strong real estate market with less distressed properties (bank foreclosures and short sales) than other neighboring cities such as Coconut Creek and Coral Springs.  Also, there is a lack of move-in-ready homes in Parkland.

As a result, if you are thinking about putting your home on the market for sale, then now is the perfect time.  There are buyers anxiously awaiting to purchase a home just like yours!  Our inventory is low, and buyers are willing to pull the triggers on purchases in our city!

Know the neighborhood. Know the value. Know your hometown agents: The Parkland Parrot Real Estate Team. If you are interested in buying or selling real estate in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

Related Posts:
If I Sell My Parkland Florida Home – How Much Money Will I Net?
Ironic But It Is The Best Time To Sell Or Buy A Parkland Real Estate Home
Will Summer Be The Busiest Parkland Real Estate Season?
5 Reasons To Sell Your Parkland Florida Home Now