loan: Florida Real Estate & Mortgage | 2008 and $100 Barrels of Oil ~ The Year Ahead... - 01/08/08 01:42 PM
This time of year, everyone wants to be a prognosticator of what lies ahead for the coming year in the world, the US, the economy and the Real Estate and Mortgage Industries. It is funny how many differing reports we get from so many different sources.
The hardest thing to swallow, though, are the reports from people who really have no clue what they are talking about - Jim Cramer - or who report on an entire Industry and panic the local markets!
Local markets are what I like to focus my efforts on... why? because you can really see how effective … (5 comments)
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loan: Florida Mortgage | Financial Advice ~ Own your home outright - Good or Bad Advice?? - 12/21/07 12:43 PM
Diversify Diversify Diversify... that's the mantra of today's Financial Planner. Many people disagree with that quote - big notable investors like Trump, Buffett etc...
But that's what we're taught... diversification reduces risk and increases return over the long term.
But ... when we're talking about our Primary Residences and diversification, are traditional Financial Advisors barking up the wrong tree??
Most traditional Financial Advisors are eager to get you on the path to owning your house outright. They have all sorts of ways to teach you how to scrimp and save so that when you are in your 50's and 60's you have paid … (5 comments)
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loan: Florida Foreign National Investors | Short Term Rental Permits increase the value of your investment property - 12/20/07 08:49 PM
Foreign Nationals looking to purchase 2nd home and investment properties in Florida need to look no further than the availability for Short Term Rental Permits if they want to have the ability to rent out their condominium, single family house, or townhouse when they are not using it much like they would find in a Condo-Hotel/Condotel.
Many cities have created a licensure process for property owners and developers that will allow a property to be rented more than once within a year and with rental commitments/leases as short as a few days to a few months.
For instance, in Clearwater Florida, all short … (0 comments)
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loan: Florida Real Estate Development | Martin County Florida - 12/17/07 03:44 PM
The Palm Beach Post had an article ( link )this week regarding developers in Stuart Florida - the county seat of Martin County Florida. The city officials are bracing for an influx of developers looking for extensions on their development timelines.
Due to the market conditions they have been unable to continue their efforts to develop land that they purchased 2-3 years ago. Planned Unit Developments that are reaching the end of their original approved building timeline are now in jeopardy of ever being built due to the lack of financing available for new construction… and not just in Florida!
The … (0 comments)
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loan: Florida Affordable Housing | great choice for your College Student than the dorm or apartment - 12/16/07 10:09 AM
Trying to figure out where your college student will live while he/she is at school?
Dorm is reserved for freshman? Frat house is only for parties? Off campus apartments are in terrible condition and expensive? Consider buying an affordable housing condominium for your student instead!
Using FHA loans, you can qualify as a non-occupant co-borrower and have your child on the loan to purchase a great condominium or townhouse near campus.
Why would you consider it?
First of all, Credit. This is a great credit builder.
Secondly, most students prefer living with a roommate, who pay rent to your … (4 comments)
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loan: Florida Real Estate | Affordable Housing - 12/13/07 02:58 PM
Are you a developer in Florida and you are looking to build some residential developments but can't figure out the sales angle?
Look no further than affordable housing. Building in the $150,000 - $275,000 range was definitely neglected over the past years of real estate boom. Now it is not only a much needed niche market, but it is a market that has a lot of potential for sales.
Look at it this way... what do buyers want in affordable housing?
Affordable housing isn't sold by pretty pictures and huge events to blow out the units... it is sold in … (0 comments)
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loan: Florida Mortgage | Lawmakers look to ban teenage DWT - Driving while Texting - 11/27/07 09:52 AM
Florida is considering joining 16 other states and bar teenage drivers from talking on the phone while behind the wheel.
Thanks to studies by Allstate Insurance group that have found that a high number of teens text message and talk on the phone while driving, Florida Lawmakers are spearheading SB504 and HB193 which would create stiff penalties for teens caught chatting or texting behind the wheel.
According to the way the bill is currently written, a driver 18 or under caught in a moving violation while on a mobile device would face an additional citation issued which would carry with it a … (5 comments)
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loan: Delray Beach Florida Mortgage | Seahorse Condominium ready to go - 11/27/07 09:44 AM
The South Florida Business Journal has reported that Catalfumo Construction and Development, based in Palm Beach Gardens Florida, has been selected as the constructioPalm Beach Gardens Floridan manager for the $30 Million Seahorse Condominium Project in Delray Beach, Florida.
The project is set to begin construction immediately. The Seahorse has been planned to have of four three-story buildings with 42 luxury condominium residences.
For more information on this project and more Catalfumo projects follow this link -o-> Florida Mortgage | Delray Beach Seahorse Condominium Project signs Catalfumo
More Florida Mortgage and Real Estate News You Can Use From David A. Podgursky, MBA TheMortgageGoToGuy.com … (1 comments)
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loan: Florida Mortgage | TheMortgageGoToGuy.com Recent Updates - 11/21/07 09:19 AM
Here are some recent updates on http://www.themortgagegotoguy.com/... enjoy reading!
Florida Mortgage & Real Estate | Developers heading In and OutWhile the real estate market is definitely in a bad place in Florida, many big, national banks and big, national builders are feeling the pinch…. some are even hitting the bricks - figuratively speaking.
With announcements that Hollywood Florida based TOUSA and Fort Lauderdale Florida based Levitt & Sons are filing bankruptsy, and that Levitt ceased all construction due to massive debt… it would seem that we’ve seen the end of development in Florida until we absorb what we already have… but that … (0 comments)
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loan: Florida Mortgage | Title Company faces $5Million Fine - 11/20/07 09:18 AM
Another sign that the State of Florida's Department of Financial Services is looking to clean up the industry was announced in the Palm Beach Post Saturday (November 17, 2007)... link to article
First American Title Company, the nation's largest Title Insurance Service Provider, agreed to pay fines of $5Million for setting up 87 "sham" title insurance agencies in Real Estate and Mortgage offices throughout the state. These "agencies" would then pass fees onto the limited partners, a.k.a. the Realtors and Mortgage Brokers - which the State of Florida views as a kickback.
State and Federal Laws prohibit any Real Estate or Mortgage … (2 comments)
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loan: Florida Mortgage | Short Sales & Bank Owned Properties - 10/31/07 02:27 PM
Right now one of the most popular requests that I am hearing is that someone wants to buy a bank owned or short sale property. These two property types are very similar in that they both entail negotiating with the bank for the ultimate purchase price.
The other similarity is that in both instances you are asking the bank to take a loss on their asset - their asset is the mortgage on the property you want to purchase. This is not always as easy as some of the Real Estate Experts might say... but if you have your ducks in a row, … (6 comments)
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loan: Florida Mortgage | Latest Posts from The Mortgage Go To Guy!! ~ David Podgursky - 10/22/07 10:05 AM
I know there are many of you that subscribe to my posts here on ActiveRain... but I thought I'd take this time to divert you to my main blog site to see the posts that are going up over there!
I also included one post from a site where I am a frequent contributor!
Thanks for reading!
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Naples Florida | Great Eats ~ Breakfast & Cream Looking for a great place to eat in Naples Florida... look no further than a breakfast eatery started by a mother and daughter transplanted to Southwest Florida all the way from Chicago, … (1 comments)
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loan: Naples Florida | Great Eats ~ Breakfast & Cream - 10/22/07 09:57 AM
Looking for a great place to eat in Naples Florida... look no further than a breakfast eatery started by a mother and daughter transplanted to Southwest Florida all the way from Chicago, home of some amazing breakfast spots.
Marilee Dejacimo and Segal Adony are the proprietors of Breakfast & Cream a neighborhood breakfast and lunch specialty joint in the spirit of all those local diners that line the streets in the Windy City.
According to the Naples News:
"It's small, out of the way, off-the-beaten path and most surely our favorite breakfast place. I almost hate to talk about it because it will … (2 comments)
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loan: Boca Raton Florida | Pregnancy Tips from a Dad who has been there - 10/19/07 06:04 PM
When my wife first got pregnant in April 2005, we endured a long and complicated journey that most first time parents will surely understand... running all around Boca Raton Florida and even Coral Springs, Boynton Beach and other cities in South Florida to get this or that test run.
One of the scarier tests we had to think about was called the Ashkenazi Panel. It is a test for Jewish people of Ashkenazi descent - generically those that come from the Eastern part of Europe. The other tough part of this test is that it was one of the more expensive … (5 comments)
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loan: Florida Mortgage | No Closing Cost Loans ~ Seller Concessions - 10/13/07 11:55 AM
For a homebuyer, there are a lot of enticements that can be broadcast to help them purchase their first or next home with very little or no money out of pocket. One of the best ways this is accomplished is via Seller Concessions.
With as much as 6% of the purchase price "given" by the seller, the buyer can effectively avoid certain costs that could creep up that they would normally have to pay themselves.
The definition of a Seller Concession is an agreement between the Buyer and the Seller that the seller will pay for something at closing. Here … (6 comments)
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loan: Florida Mortgage | Purchase ~ Refinance - Money Saving Help is Here! - 10/06/07 07:21 PM
So you're finally purchasing that new home since the price is down or your ARM Loan's Adjustable Rate is about to jump so you're going to finally get a new mortgage. Well, you are in luck if you are going to start your transaction right now!
Why? This is the ideal time of year to start the process of a Mortgage.
In Florida, property taxes are paid in arrears. This means you pay at the end of the year for the prior year. (Insurance is paid in advance, you pay your policy to cover you for the upcoming year) Also, you receive a 4% … (5 comments)
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loan: Lake Worth Florida Mortgage | Les Beans Coffee House and La Vie Boheme - 09/27/07 01:11 PM
Les Beans Coffee is a bohemian utopia just North of Downtown Lake Worth Florida. In the play (and movie) Rent there is a great song called La Vie Bohème. It is a salute to the "Bohemian" lifestyle of artists and the coffee houses where they perform and exhibit their works. Since moving down to South Florida, I felt that coffee meant Starbucks and that was about it. Then I had a client introduce me to Les Beans Coffeehouse in Lake Worth, Florida.
There you'll find a wide array of wonderful coffees that are all Organic and Fair Trade Certified. Their featured … (7 comments)
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loan: Florida Mortgage | Adjustable Rate Mortgage ( ARM ) about to Adjust? - 09/15/07 11:13 AM
Lenders have begun sending out letters informing their borrowers that their loans are due for adjustment. So your Adjustable Rate Mortgage ( ARM ) is about to adjust and you want to know what to do? This is a dilemma facing many homeowners right now due to the huge numbers of 2-5 year ARMloans that were written in the past 6 years.
Even with all the hype in the media, many homeowners are taken by surprise. The harshest reality is when you find that your new mortgage payment will be 50% higher (or more!) than your current monthly payment!
So what … (15 comments)
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loan: Florida Mortgage | Acceleration Programs to Live Debt Free - 09/13/07 10:27 AM
There are a lot of Mortgage Acceleration programs available now that have piqued the interest of Homeowners. The premise behind them is that if you pay off your mortgage sooner you can live a debt free life longer. While there are definite benefits to leverage and always keeping a mortgage, today's climate of economic uncertainty and news of mounting consumer debt have created a market for these programs.
The main reason they are popular is that they can help people be rid of their credit card and mortgage debt in their 40's so they can build their retirement through their prime … (4 comments)
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loan: Florida Mortgage | Second Homes - Hot market now that "Season" is starting! - 09/12/07 09:47 AM
Florida has long been a winter haven for people from the "North". The definition of North has expanded quite noticeably recently beyond the typical Chicago, New England, & New York retiree to include people looking to Florida for proximity to the beach and the tropical warm weather that we get year round.
Now the people "wintering" in Florida include Canadians, Europeans, Brits and other people from all over the US... these people are fondly called Snowbirds as many of them fly the coop before the snow up North.
Now that we've reached September, the Florida Snowbirds are coming down to roost … (6 comments)
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