February 2011

Volume 4 Issue 2

Pam Wilhelm, Realtor;

Short Sale Specialist

New Home Specialist

Transinternational Referral Certification

Tampa Bay International Council

(727)237-4288
Email: pamspremierproperties@gmail.com
4 Predictions for Mortgage Industry in 2011
Web: http://www.pwilhelm.prudentialtropical.com

.By Brian Summerfield, Realtor .mortgage loans, there’s still sub-

Magazine– One of the biggest
obstacles for a recovery in
Inside this issue: housing has been– and will
continue to be– mortgage lend-
4 Predictions 1 ing. Although rates fell to his-
toric levels in 2010 and will
Banks Lose Case 1 likely remain relatively low
through a good portion of this
Why don’t my scores match? 2 year, credit still isn’t easy to
come by, even for many bor-
rowers who would be consid-
Housing Starts Climb 3
ered safe in a normal market.
Vacation Homes Hot Mar- With that in Mind, here are a
3 a healthy housing market first.”
ket few predictions for 2011:
2.FHA will continue to be stantial concern about high-end
the prime mover in the sec- homes holding their value over
ondary mortgage market. next couple of years. He pre-
3. Refinances will go down, dicts this will be the last strata of
purchases will go up. Wind
expects U.S. mortgage lend-
ing activity to be way down
in 2011, due almost entirely
to a severe drop in refi-
nances. But the silver lining
here is with favorable af-
fordability conditions, mort- mortgage loans to recover. “For
gages for homes will likely a healthy jumbo market, we need
go up.

Just for Laughs 2 1. Several proposals wil be
made to reform and reconsti-
tute Fannie Mae and Freddie
Property of the Month 4
Mac, but no new plan will be
implemented this year.
4. Jumbo loans will remain
hard to come by. Although
Wind sees private investors
and financial instutions eas-
ing back into jumbo

Banks Lose Pivotal Foreclosure Case

Associated Press(Jan 7,2011) A
recent decision by the Massa-
chusetts Supreme Judicial
Court is expected to have
sweeping implications for the
nation’s banking industry when
it comes to how they’ve ap-
proved foreclosures and may
even invalidate thousands of
foreclosures across the coun-
try.
The court, in affirming a lower
courts ruling,. Invalidated two
mortgage foreclosure sales
because the banks failed to
prove the homeowners actually
owed the mortgages at the time
of foreclosure.. The court
found that the banks-who were
not the original mortgages-
failed to show that they held
the mortgages at the time of
the foreclosurs. Attorney Paul
Collier III, who represents one
of the homeowners, said this
ruling stands to affect thou-
sands of mortgages.
Page 2 V olum e 4 I ssue 2

Why don’t My Credit Scores Match?

By Jeff Mandel and Marlin
Brandt– Purhaps you have
decided that now is a great
time to buy, and your agent has
advised you to purchase a
credit report from a reputable
credit report provider.
However, while the score they
saw was a 920, the score the
lender pulls up is an 810– what
happened?
What Happened?
First you need to understand a
little about credit scores. Your
credit score is a three digit
number that helps lending in-
stitutions assess their risk asso-
ciated with lending you money.
However, it doesn’t end there.
Your score may also be consid-
ered for non-lending pur-
poses, such as new utility ser-
vices, cell phone providers,
new job.
Credit scores are calculated
based on computer
“predictability” models. These
models are designed to com-
pare and analyze credit infor-
mation and credit utilization
patterns from your credit re-
port compared to thousands of
other consumers.
In 2006 , Vantage Score was
created by the 3 bureaus. It
provides a formula to create a
score based on the three major
bureaus. This score will be
different from the lenders if
the lender only orders a report
from one of the bureaus.
The Vantage Score should be
more consistant across all bu-
reaus.

Just for Laughs

A Man wakes up in the hospital bandaged from head to foot.
A doctor comes in and says,”Ah, I see you’ve regained consciousness. Now you probably won’t
remember, but you were in a huge pile up on the freeway. You’re going to be ok, you’ll walk
again and everything, but your penis was severed in the accident and we couldn’t find it.
The man groans, but the doctor goes on.
You’ve got $9000 in insurance compensation coming and we now have the technology to build
a new penis. They work great but they don’t come cheap. It’s roughly $1000 an inch.
The Man perks up
Now is the time to pursue “So”, the doctor says, “You must decide how many inches you want. But, I understand that you
the American Dream. have been married for over thirty years and this is something you should discuss with your wife.
If you had a five incher before, and get a nine incher now she might be a bit put out. It’s impor-
Call Pam today to set up tant that she plays a role in helping you make the decision. The man agrees to talk it over with
an appointment wife
(727) 237-4288 The Doctor comes back next day, “So have you spoken to your wife?” “Yes I have,” says the
man. “And has she helped you make a decision?” “Yes” says the man. “What is the decision?”
asks the doctor .”
“We’re getting granite countertops.”

Thought for the Day

If you obey all the rules, you’ll miss all the
fun.— Katharine Hepburn
 V olum e 4 I ssue 2
Vacation Homes Emerge As Hot Market
Vacation Communities across
the United States are showing
big signs of a rebounding real
estate market, reporting soar-
ing sales at levels that have
not been seen since the days of
the housing boom. The Wall
Street Journal reports.
The increase is driven by deep
discounts and cash purchases,
analyst say.
We haven’t felt energy like
this in a long time. Buyers
Housing Starts Expected to Climb in 2011
Erica Christoffer, REALTOR
Magazine– During an eco-
nomic update at the Associa-
tion of Home Builders, in Or-
lando on Wednesday, David
Crowe projected single-family
housing starts to rise by 21
percent in 2011, reaching
575,000 units.
An even more conservative
Prudential to Expand into 2011
Prudential has had a busy 2010.
After purchasing numerous
offices throughout Pinellas;
Fruits Realty in Tarpon
Springs, and Indians
Rocks,they also purchased
Gulfside Realty in Spring Hill.
They have positioned them-
selves as the major player on
the West Coast of Florida.
sense that they’ve been on the
sidelines long enough,” says
Ned Monell, a real estate pro-
fessional with Sotheby’s Inter-
national Realty in Palm
Beach, Fla. Palm Beach posted
a nearly 40 percent annual
increase and a 54 percent
increase in homes under con-
tract.
National Association of REAL-
TORS Chief Economist Law-
rence Yun attributes the in-
projection of 492,000 housing
usits in 2011 was released by
Edward Sullivan, PCA chief
economist. He does not ex-
pect significant increases until
2012 due to tight lending stan-
dards, a high home inventory
count, and unstable housing
prices. He also said that new
home construction will vary
considerably by region.
And having partnered with 26
major builders in the local area,
to join forces with a new web-
site discussed in the January
issue, that will to be kicked off
later this month.
Prudential has gone another
step further. They have pur-
chased additional internet mar-
Page 3
crease to gains in the stock
market and an overall improv-
ing economy. He says prices in
these areas have come down so
much that there’s been high
demand for these properties
among buyers, particularly in
areas with stable labor mar-
kets.
Credit is another factor. Lend-
ing remains tight, bjut if it
opens u with safe underwriting
standards for creditworthy
buyers , there will be a bigger
boost to the housing market
with spillover effects for the
broader economy, says Law-
rence Yun chief economist for Need to Move Up? Now is the
the National Association of time to buy! Call today for list
Realtors. of available homes (727)237-
4288
keting sites and are offering a
class to its agents called” 100
days to greatness” .
These steps continue to help
maintain the quality of service
that Prudential Tropical has
provided over the years taking “Prudential’s Gulfview
it to the next level. Stop by
Mall Kiosk”
the mall today to find out
more!
 Pam Wilhelm

Are you tired of waiting for your house to sell?

Are you tired of agents not keeping their promises?
What if I could tell you that “
9108 US Hwy 19 I can sell your house for more
Port Richey, FL 34667 money
Cell: (727) 237-4288 And in less time
Fax: (727) 378-5244
E-mail: pamspremierproperties@yahoo.com With no hassles

Check out : Call today for your personal home evaluation. Let me
www.pwilhelm.prudentialtropical.com show you how we can get the most for your biggest in-
vestment.

Delivering A World Class Experience Call Pam today at (727) 237-4288

….One Client At A Time

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joy your 3/2 4 car garage
home Plenty of room to
roam. Bring the animals! Living Room Back yard

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Master Bedroom Lanai Detached Garage
(727)237-4288