Tax Liens and Judgements to Come Off Credit Reports

Tax Liens and Judgements to Come Off Credit ReportsTax Liens and Judgements to come off many consumer’s credit report

Effective July 1st, 2017, Transunion, Equifax and Experian will be excluding tax liens and some civil debts/judgements from consumer’s credit reports. The Consumer Data Industry Organization has stated that this initiative is to ensure consumer identifications are accurate and current.

In a move that will boost many consumers credit scores, the three main credit reporting agencies will remove tax liens and civil debts if reports on those particular obligations do not include: names, addresses, and social security numbers and/or date of birth according to the CDIA.

Federal law requires that accurate information is provided to ensure accurate credit reporting. Consumers have complained that paid debts are still appearing on their credit report. The National Consumer Assistance Plan will help consumers with prior challenges to obtain loans they otherwise may have been declined.

This is really good news for the housing market obviously, as this news will have an immediate impact on about 10% of Americans. Couple this information with my prior blog on low down/no down payment mortgages and you end up with great news for many people. With the Dow over 20,000, looser credit guidelines and this recent news on credit reporting; times are looking pretty good.

Prices Up and Down

Blog of Prices UP and Down Prices Up and Down!

Another blogging by Magda Saltzman Realtor

305-868-2141 Email: msaltz9708@gmail.com

It is still a great time to buy in South Florida

Check our website for today’s opportunities

One of my favorite lenders wrote the following article which is quite timely for our area.

Homes under $300000 are still very slowly increasing in price. The main reason is the lack of inventory. Homes is the $500000 range have basically remained flat, with about the same number of buyer and sellers and a 4 month supply or so of homes. Above $800000 the market is mixed depending on the area and type of product condos have had a slight reduction in price over the last -6 months and luxury homes above 5 mils have either been flat or trending slightly down. We at Florida Preferred Mortgage still have jumbos rates in the 4s and mortgages under $423000 can put down as little as 3% on conventional loans.
You are welcome to call them  (Fred MacMartin) at  now at 305-949-8828 to get them pre-qualified.

Make 2017 Your Home Buying Year! Great reasons why!

Make 2017 Your Home Buying Year, great reasons why!

Start your search here http://magdasaltzman.idxbroker.com/idx/search/advanced

What a great way to start 2017 … buying a home to live, whether year-round or  that second home that will eventually will become your retirement or can be used as a trade up done the line as you are buying at today’s price not what it might cost 5 to 10 years from now in this area of South Florida.  Some of the  great reasons  for buying – interest rates are still low, great opportunities are still available and financing is available even for those might be self-employed.  Another great reason to buy We have lenders that we work with that can assist you in finding the correct type of loan for your particular needs.

Additionally, buying an investment property  is another great reason to buy – which might be make perfect sense after you have consulted with your financial advisors we can also assist you with those and financing might be a possible depending on the property.

We welcome an opportunity to assist you in finding the ideal property, whether it is a primary home, a second home or an income producing property.

And don’t forget if you prefer to buy Miami pre-Construction (another great reason to buy) in that  we still have some buildings which are almost completed, others just completed which are simply beautiful and still at good prices and then others where you can easy down payments over time and get to move in or rent it 3 to 4 years from now.

May we interest in finding that either property to buy today.  Magda can be reached at 305-868-2141 (what’s appl).  So, fall in love in South Florida!