tampa real estate: Chinese Drywall and Renters Rights - 09/03/09 02:35 PM
There was a great article in the St. Petersburg Times today written by Ivan Penn. The article was about a youbg woman who wants to walk out on her lease because the property may have Chinese Drywall. The author did a very good job explaining that despite their concern that the renter is still in a legal contract and the effects of Chinese drywall are unknown and not established as a health hazzard (yet).
If you know of anyone or have any tenants or clients with tenants that may have Chinese Drywall, I would recommend you read this article http://www.tampabay.com/features/consumer/renters-rights-can-you-break-a-lease-in-florida-if-a-home-has-chinese/1033260
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tampa real estate: First Time Buyer Tax Credit Can Be Used for Down Payment - 05/14/09 09:03 AM
This came out through NAR and is perfect for the first time home buyer. Shaun Donovan, secretary of the U.S. Department of Housing and UrbanDevelopment, on Tuesday said that the Federal Housing Administration isgoing to permit its lenders to allow home buyers to use the $8,000 taxcredit as a down payment.Previously, most buyers wouldn't receive the funds until after they filedtheir tax return, and that deterred some people from using the credit. TheNATIONAL ASSOCIATION OF REALTORSR has been calling for the change. "We all want to enable FHA consumers to access the home buyer tax creditfunds when they close on their … (1 comments)
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tampa real estate: Is it ok for agents to flip short sales - 05/04/09 08:33 AM
This weekend in both the Tampa Tribune and St. Petersburg Times there was an article about a local agent and his business partner who are making money flipping short sales. Basically they negotiate a low price with the seller's bank and then flip it to a buyer as a same day closing for a higher amount most times netting about 10-15k per transaction. They are using funds A-B and B-C and the option contract they are using is being sent to the original bank so they know what the buyer is going to do. The Tribune article was less … (0 comments)
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