Did You Hear? Did you Hear?

The Towers of Channelside has been approved for FHA financing!  Hooray!


The Towers of Channelside, a luxury condominium community in Tampa Bay's Channel District — recently secured FHA financing approval.  This is a huge opportunity because FHA financing opens the door to home ownership for more people by allowing

• Lower down payments — just 3.5%. With prices at The Towers starting at under $200,000, that could mean a down payment just under $7,000.
• Lowest fixed or ARM interest rates in the market
• Lower credit score rating and higher debt-to-income ratios

NOW is the Right time to Buy.  Breathtaking views and convenience makes the Towers at Channelside the Right Place to live in Tampa Bay! 

Bank of America to Settle More Countrywide Charges

Bank of America has agreed to pay $108 million to settle charges that Countrywide Financial Corp., which it acquired two years ago, charged large and unfair fees to borrowers facing foreclosure.

The settlement, which will refund money to about 200,000 borrowers, was announced Monday by the Federal Trade Commission.

FTC Chair Jon Leibowitz said Countrywide engaged in “callous conduct that took advantage of consumers already at the end of their financial rope.”

Source: Associated Press, Alan Zibel (06/07/2010)