As a follow-up to a recent blog post,Your Credit and Your Home Purchase, I want to share a tip from a credit restoration company I know…
“As Shakespeare almost put it, To Pay Or Not To Pay, that is the question:
When it comes to your credit scores, paying the right account or the wrong account can make a massive difference in your credit scores. Let’s focus on what not to pay. One would assume when paying off bad debts on your credit report, the credit scores would always increase. However “one” is not always correct. Paying off items like your utility collection, or your cell phone collection will most likely decrease your scores. This is despite the popular belief that having a $0 balance on your collection accounts must be better than owing money. Balances on collections are irrelevant, for example you could have a one million dollar medical collection or a one dollar medical collection and if everything else is the same the scores would also be the same. The reason why your scores generally decrease when a payment is made is because by making a payment you reactivate the account causing it to report as new again. This is shown as the ‘DLA’ on a credit report. This ‘DLA’ or ‘Date of Last Activity’ represents the weight of the account AND the seven year statute until the item will fall off naturally (which is a whole other problem, but we will save that for another day).
The reasoning behind this madness is that the algorithms that calculate scores cannot discriminate against wealthier/poorer individuals. So the fact that a wealthier person has the ability to pay off a certain dollar amount more easily than a poorer person would be discriminatory on algorithm calculation.”
Confused? Contact us and we’ll put you in touch with a reliable lender who can answer your questions.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
When buying a home it is prudent to know about your credit score. According to a recent survey by Experian, many of those in the market for a home are already aware of the importance of their credit score. However, only half of recent buyers said they checked their credit when they first considered purchasing a home.
67% of buyers are NOT pre-approved
45% of buyers delay their purchase (ultimately) to improve their credit
That is almost HALF of buyers who delay the purchase based on information they should have known prior to shopping for a home.
This survey underscores how important the pre-approval loan process is. Even if just to give buyersan idea of what their credit report contains, what their rate and payment would be and how much they can qualify to buy. Too often, there are situations where people cannot qualify once under contract and it would have been quickly uncovered during a pre-approval. This represents wasted time for the realtor, buyer, seller and all involved.
Lesson learned? Pay attention to your credit year-round, and understand that what you do today impacts how your credit works for you in critical purchase moments like home buying.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Welcome to your up-to-the-minute July 2015 edition of Market Snapshot for Kissimmee, Florida compliments of Teri Isner. This report is personalized with charts including market activity for homes in the 34741 zip code.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Welcome to your up-to-the-minute July 2015 edition of market snapshot for Celebration, Florida compliments of Teri Isner. This report is personalized with charts including market activity for single family homes in the 34747 zip code.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Enjoy a fun outing this weekend & attend Ladies of Eola Heights!
The popular cast of Wanzie’s LADIES OF EOLA HEIGHTS, presented at The Abbey in the Summer of 2014, returns with COURT ORDERED THERAPY: The Ladies Of Eola Heights Continued. Original cast members Peg (Opal) O’Keef, Beth (Pearl) Marshall, Sam (June) Singhaus, and Blue (Ruby) Star will be joined by Kevin Kelly playing Dr. Robert Burroughs, who is charged with determining the mental stability of Orlando’s infamous Locksdale sisters following a domestic squabble that leaves Ruby with a broken wrist, and Pearl and Opal at complete odds with one another. The action takes place during the court ordered therapy sessions in which the sisters, who are at first uncommunicative, wind up hurling accusations and barbs at one another to hilarious and surprising ends.
Visit the Event Website for more information & to Purchase Tickets.
Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.
Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estatemarket. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale. You deserve professional real estate service!
You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Things To Do Orlando: SeaWorld Orlando Summer Nights
Visiting Orlando? Check out SeaWorld Orlando Summer Nights!
This summer SeaWorld will be hosting Summer Nights, a nighttime spectacular that features incredible shows, a new attraction – Antartica: Empire of the Penguin – thrilling coasters under the stars, a celebration of dancing fountains and spectacular fireworks, and a nightly Shamu show that ends with a bang. Guests can enjoy extended park hours until 10:00 p.m.
WHEN: Saturday, July 11, 2015
WHERE: SeaWorld® Orlando
COST: Included in the regular price of admission.
Visit the Event Website for more details.
Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.
Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estatemarket. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale. You deserve professional real estate service!
You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
The summer storm season is here and there are things that you may need to do to prepare your home for them. In this blog post today we will give you a few tips on how to prepare your home for the upcoming storm season.
First, fix any damage the past winter has done to your roof. You may need to replace a few shingles or you may even have to replace the entire roof. Hire a professional if you don’t know much about how to fix your own roof. You don’t want storms coming if you have damage to your roof because you may end up with damage on the inside of your house as a result.
Check to make sure your gutters are not full of debris and leaves. During the winter months gutters tend to go un-checked. If your gutters are full, the first summer storm that comes your way will most likely cause you and anyone who enters your home to get a hat full of rain water. Take care of things like this before storm season arrives and you will be glad you did.
Have a professional come out and check to make sure your trees are secure. Make sure the professionals cut down all trees that may have issues and get rid of any loose limbs. You don’t want tree limbs flying through the air during a summer storm.
If you have a sump pump, make sure it is working and perhaps even get a battery powered back-up so that your pump will continue to work in the event the power goes out.
Make sure that your windows are good and secure and that there are no areas in which water can get inside them. If your windows are older you may consider replacing them.
Hopefully these tips have given you a head start on getting your home ready for the storm season. You can never be too prepared.
Information provided by Orlando Real Estate Expert Teri Isner.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Wondering which fireworks display to attend this 4th July? How about Fireworks at the Fountain!
Fireworks at the Fountain inDowntown Orlando is Orlando’s bestfirework show on Independence Day outside of the theme parks and draws a big crowd so arrive early to secure a good viewing spot.
Orlando Mayor Buddy Dyer invites Central Florida residents and visitors to attend Fireworks at the Fountain on Saturday, July 4, 2015 at Lake Eola Park in Downtown Orlando. Attendees are encouraged to arrive early in order to find a great viewing spot. The night will conclude with a patriotic firework display over Lake Eola, which will begin at 9:10 p.m.
WHEN: Saturday, July 4, 2015 @ 4pm-10pm – fireworks at 9:10pm WHERE:Lake Eola Park COST: Free
Visit the Event Website for more details.
Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.
Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estatemarket. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale. You deserve professional real estate service!
You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
In May, Orlando foreclosure filings were 21% lower than the previous month and 43% lower than the same time last year, according to RealtyTrac.com.
Orlando Foreclosure Geographical Comparison
Orlando foreclosures were 0.09% above national statistics, 0.06% below Florida figures, and 0.01% below Orange County numbers in May 2015.
Orlando Foreclosure Status Distribution
The current distribution of foreclosures based on the number of active foreclosure homes in Orlando, FL.
Pre-foreclosures accounted for 16.6% of the foreclosure activity in May, Auctions were 34.8%, and Bank-owned properties were 48.6%.
Orlando Foreclosure Activity by Month
In May, the number of bank-owned properties decreased 10.7% from the previous month and 4.8% from the previous year. The number of auctions decreased 40.1% from the previous month and 67.3% from the previous year. Pre-foreclosure activity increased 18.8% from the previous month and dropped 13.6% from the previous year.
Information courtesy of Orlando Realtor Teri Isner, Orlando Avenue top Team.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Welcome to your up-to-the-minute June 2015 edition of Market Snapshot for Windermere, Florida compliments of Teri Isner. This report is personalized with charts including market activity for homes in the 34786 zip code.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
When it comes to your credit scores, paying the right account or the wrong account can make a massive difference in your credit scores. Let’s focus on what not to pay. One would assume when paying off bad debts on your credit report, the credit scores would always increase. However “one” is not always correct. Paying off items like your utility collection, or your cell phone collection will most likely decrease your scores. This is despite the popular belief that having a $0 balance on your collection accounts must be better than owing money. Balances on collections are irrelevant, for example you could have a one million dollar medical collection or a one dollar medical collection and if everything else is the same the scores would also be the same. The reason why your scores generally decrease when a payment is made is because by making a payment you reactivate the account causing it to report as new again. This is shown as the ‘DLA’ on a credit report. This ‘DLA’ or ‘Date of Last Activity’ represents the weight of the account AND the seven year statute until the item will fall off naturally (which is a whole other problem, but we will save that for another day).
