Consumer complaints against banks increase according to the Better Business Bureau

The Better Business Bureau released a report highlighting consumer complaints during 2009. The report indicated that consumer complaints increased by over 9% in 2009. Near the top were consumer complaints against banks. Banks complaints were the 3rd highest and complaints against banks increased by over 40%.

The BBB included the housing crisis as a reason why consumer complaints have increased across the board. In my opinion failing banks, increase in foreclosures, delays with short sales, limited loan modification success and poor communication makes for an unhappy banking customer and the outlook for more of the same seems to be good for 2010. Perhaps the banks can move from number 3 to the top spot this year.


More Florida real estate blog posts on the Better Business Bureau

Trade in your old house for a new one

The Better Business Bureau (BBB) discusses a new angle home builders are trying to entice us to buy a new home. According to the BBB article, builders are offering deals that allow you to trade in our existing home for a new one.

The article details the need for interested home owners to:

• Deal with a reputable builder
• Make sure you understand the market
• Examine the financing
• Have someone review the contracts

This is a good article to read and it even comes with a short video.

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Real estate brokers can't be trusted

Better Business Bureau offers advice when hiring home improvement company

How credit scores are determined is about to change

- Greg Staker - Watson Realty Corp. - 407-304-0255

Better Business Bureau offers advice when hiring home improvement company

With the National Association of Realtors' reporting current pending home sales down 21.4 percent from the first quarter of 2007, and Standard & Poor’s citing the steepest decline in home values in the 20-year history of its housing index, many homeowners are now choosing to remodel their current home rather than selling in an effort to hold home values in the turbulent U.S. housing market.

To execute the strategy successfully, most projects require professional help and Better Business Bureau (BBB) is offering advice and guidance on finding trustworthy contractors who can help make the strategy pay off. read the entire report.


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Florida continues to lose construction jobs

Disabled veterans and service members can obtain housing construction grants

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- Greg Staker Watson Realty Corp. 407-304-0355

How credit scores are determined is about to change

I wonder how this will impact the housing market? Interesting article from the Better Business Bureau.

Your credit score will help determine the interest rate and term of your home loan. Contact us to be pre-qualified for a home loan.


Related Florida real estate views:

Better Business Bureau offers advice when hiring home improvement company

Fannie Mae CEO offers suggestions to unleash housing demand.

Watson Realty business increased in June


- Greg Staker - Watson Realty Corp. - 407-304-0255