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Real Estate, News, and Information, for St Tammany Parish LA

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St Tammany Parish Foreclosure Sale, Scheduled Wednesday June 23rd, 2010

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Download St Tammany Parish Foreclosure Sale, June 23rd, 2010

Please click the link below for the June 23rd, 2010 foreclosure list:
 
 
 
Attached above is a link to the latest Foreclosures / Distressed Properties list for St Tammany Parish. The Sheriff's sale for these properties is scheduled Wednesday June 23rd, 2010 at 10:00 am on the first floor of the Justice Center located at 701 N Columbia St, Covington, LA 70433. This list is an Adobe PDF (Portable Document Format), and will require each user to view the document using the Free Adobe Reader. This program is available at http://www.adobe.com/products/acrobat/readstep2.html
 
If you have any questions regarding understanding this list or the availability of any of these properties, please do not hesitate to call or email and we will work with you to resolve any questions.
This list is provided as a free service.
Please consider Mauti Meredith Scoggin when selling or purchasing a property in our local market.
We service both Residential and Commercial Real Estate.
 
Thank You
Marc Pellettiere

St Tammany Parish Louisiana Annual Property Tax Sale, Scheduled Wednesday June 23rd, 2010

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The annual St Tammany Property Tax sale is to be held Wednesday June 23rd, 2010, at the Courthouse, at 701 N Columbia St, Covington, LA 70433.
 
 
A hard-copy of the list of properties is advertised in the St Tammany Farmer. 985-892-2323.
 
Don't have a whole lot to add. Visit http://www.stpso.org/eservices_propertytax.html on the St Tammany Parish Sheriff's Website for information and to pre-register. As well, search with ease, the large bulky list of properties. Sale should start at 10:00am. Registration opens at 8:00am.

Visit www.StTammanyTaxSale.com to be notified of the annual property tax sale!

Thank You

Marc

Top 10 Fastest Growing Restaurant Chains!

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Nation's Restaurant News www.NRN.com

Properties Sold at the St Tammany Foreclosure Sale, May 19th, 2010

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Download Properties Sold, St Tammany Parish Foreclosure Sale, May 19th, 2010

A busy foreclosure sale. 3 properties sold to Private Investors, with the remaining going back to the banks.

I am also attaching the list of cancelled foreclosures for 5/19/2010.

Download Properties Cancelled, St Tammany Parish Foreclosure Sale, May, 19th, 2010

Thank You

Marc 

Slidell, Pearl River and Lacombe, LA Real Estate Review, Month of April 2010

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Pie Graph, Slidell, Pearl River, Lacombe, LA, Home Sales, April 2010

This list covers the City of Slidell, LA 70458, 70460, and 70461. As well, this list includes data for the Cities of Pearl River, LA 70452, and Lacombe, LA 70445.

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135 home sales for the month of April 2010. This is a 25%  increase from March. Wooohooo! Homes are beginning to sell. Lets hope the trend continues.

Download Slidell, Pearl River, Lacombe, LA, Residential Real Estate Sales, April 2010

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The attached Adobe PDF document contains:

•Property Address

•Age of Property

•Condition of Property

•Square Footage

•# of Beds

•# of Baths

•Original List Price

•Final Sold Price

•Final Sold Price per Square Foot

•# Days on Market

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Thank You

Marc Pellettiere

985-867-8670

marcp@scogginproperties.com

For a FREE Home Evaluation

www.StTammanyHomeEvaluation.com

Fannie Mae and New Eligibility Rules for Short Sales

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Great News for Buyers with a Short Sale!
New Eligibility Rules Announced From Fannie Mae!

There's great news from Fannie Mae for home buyers who have experienced a short sale or deed in lieu of foreclosure. To help the housing market's continued stability, Fannie Mae is changing the "waiting period" (i.e. the amount of time that must elapse after the preforeclosure or short sale event) before home buyers can qualify for a loan.

Several factors will impact these changes, including the required down payment or loan to value (LTV) for the transaction and whether extenuating circumstances contributed to the individual's financial hardship (e.g. a job loss). The following chart highlights the new rules:

Preforeclosure Event
Current Waiting Period Requirements
New Waiting Period Requirements (1)
Deed-in-Lieu of Foreclosure

4 years
Additional requirements apply after 4 years up to 7 years

2 years – 80% maximum LTV ratios

 
Preforeclosure Sale
2 years
4 years – 90% maximum LTV ratios
Short Sale
No policy currently exists specific to short sales
 7 years – LTV ratios per the Eligibility Matrix
Exceptions to Waiting Period for Extenuating Circumstances
Preforeclosure Event
Current Waiting Period Requirements
New Waiting Period Requirements (1)
Deed-in-Lieu of Foreclosure

2 years
Additional requirements apply after 2 years up to 7 years

2 years – 90% maximum LTV ratios
Preforeclosure Sale
No exceptions are permitted to the 2-year waiting period
Short Sale
No policy currently exists specific to short sales

(1)The maximum LTV ratios permitted are the lesser of the LTV ratios in this table or the maximum LTV ratios for the transaction per the Eligibility Matrix.

Note that the terms 'short sale' and "preforeclosure sale' are both referenced in Fannie Mae’s announcement and have the same meaning – the sale of a property in lieu of a foreclosure, resulting in a payoff of less than the total amount owed, which was pre-approved by the servicer.

The bottom line:  Buyers who have experienced a short sale or deed in lieu of foreclosure may be eligible for financing sooner than previously expected…especially if they have 20% to put down.  If you have any buyer prospects who may benefit from this change, I’d be happy to help you put them in a home.

Read the full announcement from Fannie Mae.

Sincerely,

Guy V Jones & Lance Scott
Integra Lending Group, LLC
985-206-0960
ls@integralg.com

Covington and Abita Springs, LA Real Estate Review, Month of April 2010

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Pie Graph, Covington, Abita Springs, LA Home Sales, April 2010

This list covers the City of Covington, LA 70433 and 70435, as well the Cities of Abita Springs, LA 70420, and Folsom, LA 70437.

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75 residential real estate home sales for the month if April 2010. Last month it was only 71 and that number was a big jump from the previous month. I love it. Lots of activity is a good thing. 🙂

Download Covington, Abita Springs, Folsom, LA, Residential Real Estate Sales, April 2010

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The attached Adobe PDF document contains:

•Property Address

•Age of Property

•Condition of Property

•Square Footage

•# of Beds

•# of Baths

•Original List Price

•Final Sold Price

•Final Sold Price per Square Foot

•# Days on Market

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Thank You

Marc Pellettiere

985-867-8670

marcp@scogginproperties.com

For a FREE Home Evaluation,

www.StTammanyHomeEvaluation.com