Is there big news on the horizon for Central Florida homeowners? To answer that question we need to understand what the Mortgage Debt Cancellation Act is and how it impacts property owners...

The Mortgage Debt Cancellation Relief Act was established in January 2007 to provide tax relief to borrowers on forgiven home mortgage debt (up to $2 million), as long as the debt was secured by a principal residence and the total amount of the outstanding mortgage did not exceed the original purchase price plus the cost of improvements. What does this really mean?

Fall is here and we are more than ready to get in on some festive fall fun! This time of year seems to be packed full of things to do around Central Florida and with the hopes of cooler weather soon (hey, we can dream!) it makes attending these Central Florida events that much more enjoyable. 

As usual home sales have slowed a little due to the start of school in August, a busy time for many, but essentially the market is still good.

However, the Federal Reserve is discussing when to raise interest rates (it may happen as early as spring 2015) so now is definitely the time to buy or sell. Higher interest rates can have a negative impact on home affordability. They can slow down price increases for Sellers while reducing the amount of money a Buyer has to spend due to these higher interest payments. Current interest rates are still at historic lows, making it the perfect time to get in the Central Florida real estate market, whether as a Buyer or a Seller.