Real Estate

Bank of America Hosts Home Loan Workshop

JACKSONVILLE, Fla. -- More than 5,000 homeowners on the First Coast, behind more than 60 days on their loans, have been invited by Bank of America to explore options at a free mortgage outreach.

Bank of America says 400 homeowners registered to take part in the workshop being held at the Omni Hotel Downtown. 

"Our average loan workshop success rate is 30%," said Bank of American spokesperson Jessica Garcia.

Garcia says the rate would be higher for loan modifications except in many cases homeowners are missing some needed documentation.

William from Jacksonville Beach attended the workshop and said that was the case with him.

"That was kind of frustrating because I could have printed it out," said William who preferred we not use his last name.

Bank of America offers loan modification deals that involve lowering the interest rate and extending the length of the mortgage.

July 2011 Real Estate Sales Results; Closed Sales Dip One Percent

July 2011 Real Estate Sales Results; Closed Sales Dip One Percent

The Northeast Florida Association of Realtors (NEFAR) announces real estate market statistics for July 2011. Statistics encompass both single-family residential and condo sales.

Pending sales of 1,661 in July marked an 18.3 increase from a year ago; indicative of continued consumer interest in buying a home at today’s very attractive prices. Actual closed sales of 1,353 took a one percent dip from last July’s 1,367.

June 2011 Homes Sales Figures Released; Pending Sales Increase 34 Percent

The Northeast Florida Association of Realtors (NEFAR) announces real estate market statistics for June 2011. Statistics encompass both single-family residential and condo sales.

Pending Home Sales Increase Nearly 40 Percent, Actual Sales Down 10.6 Percent

Pending Home Sales Increase Nearly 40 Percent, Actual Sales Down 10.6 Percent

The Northeast Florida Association of Realtors (NEFAR) announces real estate market statistics for May 2011. Statistics encompass both single-family residential and condo sales.

A 33.9 percent year-over-year increase in pending sales (those on which contracts are written but the sale has not finalized) demonstrates strong consumer interest in homeownership. There were 1,311 pending sales in May 2010 which increased to 1,756 this May. Closed sales went in the opposite direction, declining from 1,544 last May to 1,381 this May for a 10.6 percent drop.