The Mortgage Bankers Association has estimated that if 25 per cent of mortgage holders take advantage of forbearance for six months, under the bailout law passed last month, the missing payments could hit $100bn or more. Who will replace the missing cash has become controversial.Original Article

A cash buyer has closed on former HSN star Joy Mangano's South Tampa home just 21 days after it went on the market. Mangano's home at 4930 New Providence Ave. sold Friday for $2 million in cash, said Jeff Shelton, a real estate agent with the Hughes Shelton Team at Coldwell Banker Residential Real Estate. The list price was $2.225 million. The buyer was Torrance Over Look LLC, a Florida corporation linked to Ed Zeman, chairman of The Tides RV Resort in Palmetto. Mangano — whose cult products…Original Article

A cash buyer has closed on former HSN star Joy Mangano's South Tampa home just 21 days after it went on the market. Mangano's home at 4930 New Providence Ave. sold Friday for $2 million in cash, said Jeff Shelton, a real estate agent with the Hughes Shelton Team at Coldwell Banker Residential Real Estate. The list price was $2.225 million. The buyer was Torrance Over Look LLC, a Florida corporation linked to Ed Zeman, chairman of The Tides RV Resort in Palmetto. Mangano — whose cult products…Original Article

Tampa Bay's numbers represent slight declines compared to the rest of the U.S.Original Article

Redfin Corp. plans to lay off 7 percent of its employees in April, company leaders decided Sunday. The Seattle technology-driven real estate brokerage expects to incur between $2.9 and $3.3 million in severance and other costs related to the layoffs. Redfin will also furlough about 34 percent of its staff until Sept. 1. According to the Puget Sound Business Journal's most recent analysis, the workforce reduction will affect about 1,200 people across the country. Redfin has four offices in Florida,…Original Article