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“I chose to do business with Kara Homes because Michael was recommended to me by my long-time realtor. It meant a lot that someone I respect thought very highly of him. After speaking with Michael and his team, I felt assured that they were extremely knowledgeable and reliable.”
- Robert, Short Sale, 7/28/11
"I'm extremely pleased. I feel they did everything possible to work with my mortgagor and keep me informed."
- Barbara, Short Sale, 3/16/12
"Made the process easy to understand and navigate through, as well as keeping me informed of each step."
- Pete, Short Sale, 5/27/2011
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- Richard, Short Sale, 8/16/11
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Foreclosures Resulted in Losses of $192 Billion in 2012

As the real estate market continues its recovery with rising prices and lowering foreclosure filings, it is difficult to ignore the impact of the last few years. A recent report found that foreclosures in 2012 resulted in a loss of $192.6 billion for American homeowners, a number that averages to about $1,700 per household for 114.7 million households nationwhide.

Short Sales Spike in Final Months of 2012

Short sales with homeowners behind on their mortgage payments saw a growth of over 22 percent compared to last year’s figures for the three-month period ending September 30th as reported by RealtyTrac. In addition, short sales for people who were up-to-date with their mortgage payments also increased by 17 percent.

Buyer Beware at Auction

It is an unfortunately common scenario. First-time auctioneers or those inexperienced with the process buy out an HOA foreclosure, not knowing that a much larger bank foreclosure is looming over the property. Quite often, the banks will not hesitate to foreclose on the new owners in a startlingly short amount of time.

Florida is Third Highest Foreclosure State

RealtyTrac reported that July was the third month in a row where figures showed an increase of foreclosure rates. This has been an unfortunate reversal in what had been up till then a year of steady decreases.


Dwight Howard Headed Out from Orlando

The Central Florida real estate market exploded today with the announcement that Dwight Howard was being traded to the Los Angeles Lakers, as everyone in Orlando collectively sighed, shrugged their shoulders, listed their homes and moved to Miami.

Signs Show that the Home Market is Improving

As an additional sign to recent information that the home market is improving, it is now easier to obtain a mortgage than it has been for quite some time.

According to a survey of bank lending standards conducted by the Federal Reserve, commercial banks have loosened restrictions on residential property loans in the second quarter in an effort to meet increased demand.

To be precise, just over 50 percent of bank officers that took part in the survey stated that they saw increased need for home mortgage loans in the second quarter, eclipsing the 30 percent mark set for the first quarter.

Bank of America Offers Relocation Assistance for Short Sales

Bank of America is offering a new relocation assistance program for borrowers who meet specific criteria in regards to short sales.

New Short Sale Requirements Spur Growth

Pre-foreclosure home sales make up 12 percent of all sales in the United States.

April Shortages Leads to New Demand

With mortgage rates dropping for the sixth week in a row, including a record low average of 3.67 percent on 30-year plans, as well as perceived expectations for an increase in home values in the immediate future, Americans are much more open to purchasing homes at this time.

Short Sales See Sharp Rise in First Quarter

Short sales were at a record three-year high this past quarter, with a growth of 25 percent over the last year. The Associated Press reported that short sales “make up the vast majority of homes sold while still in the foreclosure process.”

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