I've noticed that the media is giving advise on what to do if your upside down on your mortgage. What are your thoughts?

$299,000.00 5045 Southamton Circle Tampa, FL 33647 Beds: 4.0 Rooms: 0 Baths: 3.00 Sq. Ft.: 2262.00 Garage: 2.5 Built: 0   Fabulous 4 bedroom 3 bath 2 car garage home located in Manchester in Tampa Palms. Situated on an oversized conservation lot. This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. JOHN CALLAHAN Keller Williams Realty, New Tampa 813-541-6597 www.johndcallahan.com     Visit this listing at Here

Currently I am selling condos in New Tampa and Equestrian Parc.  Pricing ranges from 69K to 130K, 1-2-3 bedrooms and detached garages are available.  These projects are FHA approved which means you only need 3.5% down and the developer is contributing up to 6% in closing costs.  These are not bank owned or short sales for easy closings. 

$85,900.00 17104 CARRINGTON PARK DR Tampa, FL 33647 Beds: 2.0 Rooms: 0 Baths: 2.00 Sq. Ft.: 1032.00 Garage: 0 Built: 1996   This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. JOHN CALLAHAN Keller Williams Realty, New Tampa 813-541-6597 www.johndcallahan.com     Visit this listing at Here

$50,000.00 18001 RICHMOND PLACE DR Tampa, FL 33647 Beds: 1.0 Rooms: 0 Baths: 1.00 Sq. Ft.: 780.00 Garage: 0 Built: 1996   This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. JOHN CALLAHAN Keller Williams Realty, New Tampa 813-541-6597 www.johndcallahan.com     Visit this listing at Here

$120,000.00 8122 TAR HOLLOW DR Gibsonton, FL 33534 Beds: 3.0 Rooms: 0 Baths: 2.00 Sq. Ft.: 1618.00 Garage: 2.0 Built: 2005   short sale 3/2/2 1618 SF Single Family Home in Carriage Pointe This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. JOHN CALLAHAN Keller Williams Realty, New Tampa 813-541-6597 www.johndcallahan.com     Visit this listing at Here

$525,000.00 16336 HEATHROW DR Tampa, FL 33647 Beds: 4.0 Rooms: 0 Baths: 4.00 Sq. Ft.: 3753.00 Garage: 0 Built: 2000   THIS HOME IS SITUATED ON AN OVERSIZED CUL-DE-SAC LOT & OFFERS A SIDE LOAD GARAGE, PAVERED WALKWAY, UPGRADED LANDSCAPING WITH LIGHTING OVERLOOKING CONSERVATION LOT, POOL/SPA ENCLOSED WITH WET BAR & NICE This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. JOHN CALLAHAN EXIT Extreme Realty 813-541-6597 www.johndcallahan.com     Visit this listing at Here

$120,000.00 15032 DEER MEADOW DR Lutz, FL 33559 Beds: 3.0 Rooms: 0 Baths: 2.00 Sq. Ft.: 1059.00 Garage: 1.0 Built: 2003   Fabulous first-time buyers opportunity in the highly desirable community of Deer Park located minutes from USF and I-275. Close to bus line too! You can see the pride in ownership as this home has been given tender loving care. Short Sale. This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. JOHN CALLAHAN EXIT Extreme Realty 813-541-6597 www.johndcallahan.com     Visit this listing at Here

NEW YORK – Feb. 10, 2009 – Housing prices will hit bottom in the fourth quarter of 2009, predicts Moody’s Economy.com in a new report.

“Despite the darkening national economic outlook and the weak conditions in the housing market, some positive signs give hope that a bottom in the housing market is coming into view,” the report says.

On average, home prices will decline 36 percent from the peak in the first quarter of 2006, the report says.

By the end of the housing downturn, nearly 62 percent of the nation’s 381 metropolitan areas will have experienced double-digit-percent declines in house prices, peak-to-trough, says the report.

The declines will exceed 20 percent in about 100 metro areas, according to the report, and the recovery will be “lackluster.”

“A number of uncertainties in both the housing and economic outlooks remain, and the risks tilt to the downside,” says Moody’s Economy.com Chief Economist, Mark Zandi.

Source: The Wall Street Journal, James R. Hagerty (02/06/2009)

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