real estate: Time Share Legislation proposed in Florida
- 10/05/11 08:56 AM
Came across an interesting article regarding Timeshare fraud in florida.
From today's article the Daily Business Review.
http://www.dailybusinessreview.com/PubArticleDBR.jsp?id=1202517906194&AG_Bondi_pushed_for_timeshare_fraud_legislation
… (0 comments)
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real estate: Make the right decisions
- 05/10/11 04:56 AM
Make the right decisions
As a real estate professional, a moment of poor judgment can hit you right in the wallet. Losing your cool can make you look the fool, and when you look the fool online, you can be sure Google will serve up your errant comments when someone searches for your name.
With everyone broadcasting themselves all the time, the agent who exercises a little prudence in their communication will soar on an image of integrity , Stick with a positive online image by resisting the temptation to be negative.
For example:
1. Ignore spam; delete and move … (7 comments)
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real estate: Florida Senate approves tax breaks for many property owners
- 05/05/11 10:58 AM
Florida Senate approves tax breaks for many Property owners
Its looks like there may be some type of tax break for property owners here in Florida. The Florida senate narrowly approved tax breaks for a wide range of property owners, but some who voted for the ballot propsal wednesday said they'd try to replace it with a more equitable verson before voters get their say next year.The House meanwhile, put a narrower tax-cutting state constitutional amendment on the November 2012 ballot, It would expand a property tax break for compbat-disabled veterans.Unless lawmakers replace the comprehensive tax proposal , it also … (1 comments)
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real estate: Irs Paid out $513 million in questionable homebuyer credits
- 04/18/11 12:14 PM
It looks like the Internal Revenue Service has paid out more than half a billion dollars in home buyer tax credits to people who probably didn't qualify, a government investigator said Friday. Most of the money, about 326 million, went to more than 47,000 taxpayers who didn't qualify as first-time homebuyers because there was no evidence they had really owned homes. Other credits went to prison inmates & Taxpayers who bought homes before the credit was enacted and people who did not actually buy homes. The IRS is saying that they have taken positive steps to strengthen controls and … (4 comments)
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real estate: For Sale By Owner
- 04/15/11 12:26 PM
For Sale by Owner Before you consider selling your house yourself, ask yourself if you are going to have the time needed to sell your house - even if you just cover the basics.
The Basics
Complete an extensive research of local market conditions, including:
the listing and selling price of all houses in your area for the last six months, the listing price of houses currently on the market, and the listing prices of houses that were on the market but did not sell.Tips: Begin your research on the Internet. Follow-up by visiting the county tax records office to … (2 comments)
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real estate: Home Buyer Checklist
- 04/15/11 12:02 PM
Home Buyer Checklist
The Home Buyer Checklist identifies some of the important factors to consider when choosing a home. In addition to an affordable sales price, you will also want to be sure that the neighborhood and house meet the needs of your family.
Take this checklist along when you go shopping for your house. It will help you evaluate the neighborhoods and assess the availability and condition of various features of up to three homes in a side-by-side comparison.
… (2 comments)
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real estate: Home Equity Line Of Credit
- 04/07/11 07:48 AM
The Flexibility you Need: Benefits of Home Equity Lines of Credit.
Home Equity
When you have a mortgage on your home but the value of the property exceeds the amount owed, the difference between the outstanding debt and the property value is referred as Home Equity. This remaining property value can be used to guarantee another loan: A Home Equity Loan or Line of Credit.
Home Equity Loans are secured loans with a fixed or variable interest rate, a fixed loan amount and a fixed, though negotiable, repayment program. A home equity loan is just like any other loan, … (0 comments)
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real estate: Notary via the internet
- 03/31/11 10:39 AM
Webcam notarizations Via the Internet.
Looks like we are now able to go online for a notary.This may have been created as a way to counteract notary fraud such as the infamous "robo-signing," which occurred during the recent foreclosure crisis.
Residents of all 50 states can take advantage of the new law by simply logging onto Notarynow.com
However, notary stamps issued (at this stage) would be from Virginia.
Meaning, if someone in Florida where I live required the document to be notarized with a Florida -specific stamp, they wouldn't be able to use the above-mentioned service. … (4 comments)
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real estate: Banks and Foreclosed Properties
- 03/31/11 06:37 AM
Banks are being forced to maintain their foreclosed properties
With the overwhelming number of foreclosures hitting the market, local lawmakers all across the country are moving to force the banks and financial institutions who are taking possession of these homes to perform the necessary property preservation services in a timely fashion, in order to prevent them from taking down whole neighborhoods with them.
Here is Florida this is a common problem. The city and county governments are growing weary of all the complaints about overgrown yards, uncovered swimming pools turning into green cesspools and vacant homes either being broken into or … (0 comments)
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real estate: MIP (Mortgage Protection Insurance) increase
- 03/28/11 05:57 AM
HUD is changing the MIP(Mortgage Insurance Premium)
HUD has released the date for the pending MIP (Mortgage Insurance Premium) increase.
Something that would be good to know you if you have buyers on the fence about moving forward with a purchase.
HUD is changing the annual percentage on FHA loans. For a while now HUD has been putting out information that they will have to raise premiums to keep the insurance fund for FHA loans solvent and properly funded and to continue to ensure new FHA loans. With FHA being the best low down payment programs out there, (along with … (1 comments)
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real estate: Pmi Insurance
- 03/03/11 02:43 AM
Pmi Insurance Pro & Cons So, you’re putting less than a 20% down payment on the house you are buying and you are getting a conventional loan. Your lender has given you the option of paying a monthly private mortgage insurance (PMI) premium or offering you a higher rate where the lender pays it, known as lender paid mortgage insurance (LPMI). Which scenario is better for you? You’re confused and don’t really understand it all; you’ld prefer to just have the decision made for you rather than weigh the options yourself. However, if you don’t consider all the options, you could … (1 comments)
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real estate: Improving your credit score
- 06/22/10 11:21 AM
7 Tips for Improving Your C Boost your credit score by paying the balance on your credit cards in full, and on time, every month. Image: Rob Daly/OJO Images/Getty Images
Getting the loan that suits your situation at the best possible price and terms makes homebuying easier and more affordable. Here are seven ways to boost your credit score so you can do just that.
1. Know your credit score Credit scores range from 300 to 850, and the higher, the better. They’re based on whether you’ve paid personal loans, car loans, credit cards, and other debt in full and on … (0 comments)
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real estate: New Home Sale Are The Worst Since 1995
- 02/03/08 05:27 AM
New Home Sales Are the Worst since 1995
Purchases of new homes fell to a new 12 year low ending in Dec of last year, the biggest annual decline on record. The medium price also dropped last month by 10% from Dec 2006, the biggest decline in 37 years.
These reports may reinforce the concern that falling home values and stricter lending rules will lead to more foreclosures and hurt consumer spending. The Federal Reserve as of late has been making drastic cuts, hopefully these rate cuts will help to avoid a recession.
These numbers may be a blow to the ideal of a … (1 comments)
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real estate: Selling Your Home With Code Violations
- 01/25/08 12:35 AM
Selling your house with code violations.
The following information is not specific to all cities and counties, please contact your own city and county to verify any permit issues.
Selling your house with code violations could be very costly to you the seller.
You should inform all prospective buyers in writing of any work that was done to your property without the proper permits. If you don't, the buyer could sue you if something later goes wrong or if the city eventually discovers that the work was done without the proper paperwork and demand that the work … (3 comments)
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real estate: Building Your Own Home.
- 01/11/08 12:35 AM
Building your own home
Building your own home can be difficult, but you can get a decent ball park figure if you have a good idea about the floor plan and materials you want before choosing a contractor.
Construction cost currently average between $95 and $150 per sq foot according to B4UBuild.com a company that provides floor plans and other information for people who are planning to build a new house.
You probable can keep your own costs down near the lower end of the spectrum if you settle for basic building materials, but expenses can quickly soar above $150 or even more than … (2 comments)
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real estate: Step You Can Take to Help Avoid Foreclosure.
- 01/10/08 07:14 AM
Steps you can take to help avoid Foreclosure
Facing foreclosure is a very difficult situation for most anyone.
If you are facing foreclosure there are a few things that you need to consider.
By the time you get a court date, it's a little late to unwind the clock; instead if you want to stop the bank for foreclosing on your house, the time to get help is in the early stages of the foreclosure process not at the end.
Most people know how to account for every dollar that come in, It may not be your favorite task each month, but if money is … (0 comments)
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real estate: Steps You Can Take to Help Avoid Foreclosure.
- 01/10/08 07:14 AM
Steps you can take to help avoid Foreclosure
Facing foreclosure is a very difficult situation for most anyone.
If you are facing foreclosure there are a few things that you need to consider.
By the time you get a court date, it's a little late to unwind the clock; instead if you want to stop the bank for foreclosing on your house, the time to get help is in the early stages of the foreclosure process not at the end.
Most people know how to account for every dollar that come in, It may not be your favorite task each month, but if money is … (2 comments)
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real estate: Buying Your Home At An Auction.
- 01/07/08 12:17 AM
Buying properties at auctions
Buying properties at auction certainty has its advantages but the pitfalls are plentiful.
Shopping for real estate is always a trial, but buying a property at an auction-whether it's a Foreclosed unit sold by a lender or a new condo offered by a developer comes with a special set of problems.
Auctions are poised to become an alternative to conventional purchase strategies as bargain hunters seek to take advantage of the worst U.S. housing slump in 16 years.
South Florida has become one the most hardest hit areas of the nation, because of the cheap arability on money early in … (2 comments)
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real estate: Some Positive news for Realtors and Home buyers in -08
- 01/02/08 04:39 AM
Some positive news for Realtors in -08
In spite of all the bad news reports as of late regarding the nations housing, there is plenty of good news, the most recent of which comes from NAR, the National Association Of Realtors.
Laurence Yun, the chief economist for NAR, has plenty of good news for realtors. At last month's conference. Yun attributed much of today's sub prime mortgage problems to greed. Wall Street wanted the 10-12 percent return that traditional mortgage products yielded as opposed to the smaller returns from more traditional mortgage products. His take on the Wall Street types were that they … (2 comments)
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real estate: Home prices hit six-year low, led by Miami
- 12/29/07 07:23 AM
Home prices in 20 Metropolitan areas fell in October by the most in at least
Six years, a private survey showed Wednesday.
Property values fell 6.1 percent from October 2006, more that forecast,
After dropping 4.9 percent in September, according to the S&P/Case-Shiller Home
Price index. The decrease was the biggest since the group started keeping year over year records in 2001. The index has fallen every month this year.
Prices are forecast by the experts to decline even more as the jump in foreclosures
And stricter lending rules make it harder for buyers to find financing.
These declining values make it harder for … (4 comments)
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Came across an interesting article regarding Timeshare fraud in florida.
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