Steven's Blog

SUPPLY UP! DEMAND DOWN! Let's Build More Homes and Ruin the Wealth of Palm Beach County's Citizens!

Steven Wood (Palm Coast Realty) — Sat, 19 Jul 2008 22:38:34 -0500

I just received an email that was asking the following.....

I'm looking for anyone who has evidence of, or experience with, any "buy & bail" transactions. Those would be transactions whereby someone purchased a new home at today's discounted price then stopped making payments on their prior residence which had them in a negative equity position.

ABC-TV News wants to do a story on how the brand new lending guidelines restrict people from being able to pull off the "buy & bail". It's not an expose style article and no one will be expected to incriminate themselves in any manner. We're looking for expert opinions.

Please let me know if you can supply any pertainent info. Many thanks.

I then translated the word HOME with TRACT-OF-LAND purchased by Home Builders.

Are we in a place where Home Builders are Buying and Bailing? Well maybe more elloquently said, Home Builders Had Purchased TRACTs-OF-LAND and are now Filing for Bankruptcy?

Just a thought.

Let me know YOUR THOUGHTS!

Do Real Estate Agent's Have to Put a Property's Construction in the MLS Listing in FLorida?

Steven Wood (Palm Coast Realty) — Mon, 07 Jul 2008 23:57:43 -0500

Hello Folks,

I am wondering if Real Estate Agents, in the State of Florida, HAVE to fill in the Construction Bucket in the MLS Listing, with the type of construction the Listed Property is made of, for example, if the property is a Frame House, can the Real Estate Agent INTENTIONALLY NOT PUT THAT INFORMATION into the Listing, such that that Bucket has no information displayed?

It would seem to me that the Real Estate Agent would fear a LAW SUIT for not disclosing something as important as that!

Would the Responsibility be on the Agent, on the Broker, or on the DBPR, or on the local Association of Realtors, or the MLS Service?

Some people say that the Construction Material is very important regarding the cost of Insurance.

Some say that the discount on Frame Constructed Properties is close to 10% off of CBS homes.

Some say that CBS homes are Code Compliant with the new Building Code, even though the property was built before the new Building Code.

I am just posting this to the RE Opinions section.

I, myself, would be afraid to have a Listing on the MLS that did not state the material that the property was made of. Yet, I see sooo many Listings with out the information!

How do they get away with it?

I look forward to your responses.

What Happens When the Bank Owned Properties are Selling for Less Than What the Builders can Build and then Sell Their New Homes For?

Steven Wood (Palm Coast Realty) — Thu, 24 Apr 2008 23:08:18 -0500

Can you imagine what will happen then?

Please post your Fears, Thoughts, and Ways to get out of this Mess here!

Is it time to Buy Long, or to Sell Short, on the New Home Builder Stocks???

Part 4 - Bank Owned Property for Sale in Palm Beach County at a Deeply Discounted Price!

Steven Wood (Palm Coast Realty) — Thu, 24 Apr 2008 22:03:21 -0500

Part 4 - Bank Owned Property for Sale in Palm Beach County at a Deeply Discounted Price!

Don't Miss this ONE!

Elevator Condo
in Gated Community
on the
Intra-Coastal Waterway,,,

just North of Blue Heron in Riviera Beach,
overlooking Singer Island in
Palm Beach County!

2 Bedroom, 2 Bath, Condo in Move-In Condition!

Speaks of 2nd Home, On the Water, and a Snowbird's Haven!

The VIEWS
from this Condominium
in Wilshire West Condo Apartments
are FANTASTIC!

It is Freshly Painted
in a Tropical Color
and has Lovely Tiled Floors!

Price and Location will sell this roughly 1,050 Square Feet Gem!
The Balcony has been enclosed! Take a look at that View!

Listed at $158,000.00!

Compare Prices with other Condos for sale in the Community!

BUT WAIT!
THE BANK ,,,
WANTS THIS PROPERTY SOLD and OFF ITS BOOKS !!!

MAKE AN OFFER!

BEST KEPT SECRET ON THE INTRA-COASTAL WATER WAY!

I just listed this Beautiful Condo and it is Ready for You!

Great for 1st Time Buyers or Investors!

Or, perhaps for your Clients, or
your Family, or
your Friends!

Directions:
If you are a Real Estate Agent, call me for Details before Showing!

I-95 to East on Blue Heron
Go to Just-Before the Blue Heron Bridge that crosses the Intra-Coastal Waterway and head North on Lakeshore.
Go about ¼ mile along Lakeshore and take Right onto 2nd Wilma Circle Entrance.
To 410 Wilma Circle. The unit is on the 4th Floor, Number 407!

For more information, please look up MLS # R2917388,
or give me a call at the Toll Free Number below for a viewing!

I look forward to hearing from you!

Steven P. Wood, Realtor
Palm Coast Realty, Inc.
12300 Alt. A1A, Suite 209A
Palm Beach Gardens, Florida 33410

Direct: 1-800-298-2566

eMail: Steven_P_Wood@msn.com

Web:

http://www.ByJoveMyHome.com/
www.homepages.com/StevenWood1
http://stevenwood.rmlsfl.mlxchange.com/

Office: 800-298-2566
Fax: 561-277-2415
Cell: 703-851-6535

I am at Your Service for ALL of Your Real Estate Needs,
Specializing in PALM BEACH and MARTIN and St. LUCIE COUNTIES
and the Towns of Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!

Click here to receive monthly newsletters and stay up-to-date on local real estate.

Flying North, Memories, Great Memories, Real Estate Ops, Paradise, and more! LOOK Here! Mark the Phone Number into your Cell phones' Memory! Then Call ME for your Real Estate Needs in Palm Beach County!

Steven Wood (Palm Coast Realty) — Tue, 01 Apr 2008 22:33:09 -0500

I caught myself explaining, or was it telling,,, one of the Snow Birds, that was leaving Sunny FLorida soon, that I will be missing them after they were gone!

And, I warned them to be careful up there,,, besides the Cold that they are flying away to,

I told them that they may have to worry about

The Moose when

they drive away form the airport once they arrived back North,

to New York and New Hampshire, Vermont, Maine, Massachusetts, South Dakota, North Dakota, Wisconsin, Michigan, Ohio, and Northern Pennsylvania...

Toronto, Ottawa, Canada, Nova Scotia, etc!

ATTENTION,, ATTENTION,

I have not heard of any Moose Accidents here in Florida!

Specifically in Palm Beach County, or Martin County, Saint Lucie or Broward Counties.

I did hear about a Moose Lodge Accident down in Broward County,,, Can I mention all the lies and talk of unabashed,,,, ABSOLUTELY NOT! This is a PG Posting!

Do WE have Ice issues here!

The Ice issues are about the following:

1) Do we have enough Ice for the Cuba Libres, Iced Tea, or Long Island Iced Tea, the Dr Peppers and Cokes or Pepsies, the Pina Coladas, the Rum Runners, the Margaritas (Margarita Ville), and Hurricanes,,, etc,

2) can you afford the Ice you need when you propose to your Sweetie

3) you can't out run the POL ice Radios! (especially here in Jupiter, Juno Beach, Palm Beach Gardens, and Tequesta, Florida)

We also have Alligators and Crocodiles,,, But so does the North!

Watch out for the Guys wearing the Crocodile shirt,,, or is that the Alligator Shirt,,,

Oh yes, the Sharks up North are Fierce!

Especially when you are the Only Bait In Town! (I was just singing that tune in my head,,, Thanks to Jimmy Buffet)

Hey Jimmy Buffet, I would like to meet you! I Like your music! I have been a fan since 1975,,, Stationed in Bermuda, US Navy!

I would like to find you your next home too,,,

Take my Wife,,,, Please,,,

If you would like to find some Great Deals, here in Sunny Florida, err, Paradise, be sure to click on the following URL's,,,, Links,,, umm, heck into my Web Sites below!

Thank you, Thank you, Y'all drive careful now!

Sincerely,

Steven P. Wood, Realtor
Palm Coast Realty, Inc.

Direct: 1-800-298-2566

eMail: Steven_P_Wood@msn.com

Web: www.homepages.com/StevenWood1
http://stevenwood.rmlsfl.mlxchange.com/
http://www.ByJoveMyHome.com/

Office: 1-800-298-2566
Fax: 561-277-2415
Cell: 703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!

Do I Qualify to Sell My Property as a SHORT SALE?

Steven Wood (Palm Coast Realty) — Fri, 28 Mar 2008 00:54:24 -0500

I need to make sure at least one item is fully defined in my previous post.

I had mentioned in my previous post: "If a seller qualifies for a Short Sale, then it doesn't matter how much is owed. "

A Seller REALLY Qualifies for a Short Sale if the Seller is DESTITUTE.

In other words, if the Seller Has, a Combination of, ANY OF THE FOLLOWING:

No Income AND has No Savings AND has No Other Resources, AND owes Unfathonable Amounts of Money, AND is able to Declare Bankruptcy in a New York Minute, AND it is not due to reasons of their own choosing,,,

BASICALLY if a Seller CANNOT Make A PAYMENT to any of THOSE THAT CAN FORECLOSE ON A PROPERTY,,,

Then that Seller Qualifies for a Short Sale.

This EXCLUDES those that "just don't want to make a payment because he/she has decided not to make a payment because the property's value is lower than what is owed on the property".

Those people have to get dirty. Their Credit Report Rating has to get WAY Low,,,low,,,,below low,,,low,,, Harmfully low!

If a person is digging Himself/Herself out of a Financial Hole that is so big that they can declare Bankruptcy, then they, too, are candidates for a Short Sale. A Bankruptcy is the HOLD/HOLE Card, the (donald)Trump Card, that makes the playing field even (But the cost will be FOR A LONG-TERMED Penalty)

THERE ARE MANY "big brother watching systems" SYSTEM IN THE USA THAT KEEPS TRACT OF ALL THAT GOES ON FINACIALLY. If you have to give a Social Security Account Number to the person on the other side of the Phone Conversation,,,, They have Access to the Big Brother Watching System.

We don't know about them. They exsist. I am not complaining about them. I too am a Capitalist.

TO THE POINT....
The Banks, The Lenders, The Investors, The Insurance Companies, The IRS, The HOA's, The County Tax Collectors, The ,,,,

Will Foreclose on a Property if the Foreclosure Activity will be in Their Best Interest or in their Client's Best Interest. They will not Foreclose on a property if the Foreclosure is not in their best interests, unless directed by some sort of irrational "Policy"!

They will Suffer. They will ask for/accept penneys on the dollar, just to release the lien on the property, otherwise, they CLOUD THE TITLE and the property (in more cases than not) will not be passed onto the next owner.

Each State, has it's own Foreclosure Laws. Those Laws will actually determine (directly, or indirectly) what each Lien Holder will do in a Foreclosure Situation.

By the way, I am not an Attorney or a CPA. Please contact your Attorney and CPA,,,

to verify all that is in this Transmittal.

Sincerely,

Steven P. Wood, Realtor
Palm Coast Realty, Inc,
12300 Alt. A1A, Suite
Palm Beach Gardens, Florida 33410

Direct:               1-800-298-2566

eMail: Steven_P_Wood@msn.com

Web: www.homepages.com/StevenWood1
http://stevenwood.rmlsfl.mlxchange.com/
http://www.ByJoveMyHome.com/

Office:               1-800-298-2566
Fax:                  561-277-4215
Cell:                  703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!

Shamelessly Blowing My Own Horn! CAN'T BE TRUE!

Steven Wood (Palm Coast Realty) — Wed, 26 Mar 2008 23:00:21 -0500

I have been a Real Estate Agent in Virginia Beach, Virginia for 3 years in the past. I have been a Real Estate Investor from 2001 to 2006 without being a Licensed Real Estate Agent. I know a lot about buying and selling homes, stopping foreclosures in a non-judicial foreclosure state, forbearance agreements, reinstating loans, short sales, dealing with the Loss Mitigation Department at Mortgage Companies/Banks, equity sharing, contracts for deeds, dealing with people in financial harships as well as people living the good-life.

I have invested in Residential (Single Family, Townhomes, and Condos), Multi-Family, and Commercial Properties. I know about Hard Money Loans, Bridge Loans, and how to work with Mortgage Lenders and can apply my knowledge to helping others with normal and creative financing.

I am a believer in holding Open Houses and creating flyers and other marketing tools to help sell homes. As an Investor, I have sold many of the homes, that I rehabbed, by myself, without the help of Real Estate Agents. When the market got tough, I enlisted the help of Real Estate agents.

I go out and view homes to become familiar with Inventory in order to help Buyers find what they are looking for in the least amount of time.

I am attentive, usually on time, and diligent. I return phone calls and listen to what people want. I used to be an ace computer programmer working on real-time applications and can handle tough and complex situations. I pay attention to the smallest of details.

I am Internet Savvy and am well versed in creating SQL Searches into the Multiple Listing Service for customers looking to buy homes. I have signed up with the House Values/Just Listed Company to find new prospects to help and when time permits, I will be fully integrated with most of the Real Estate Internet Sites!

I am honest. I am a member of The Board of Realtors (I am governed by a Strict Code of Ethics), and I am Licensed to sell real estate in Florida (governed by the State). I do not like to sugar-coat things. I am happiest when I have made a customer happy in achieving what they want or need.

I have relocated BACK to Florida and have been practicing Real Estate Sales and Rentals in Jupiter, Palm Beach Gardens, Juno Beach, and Tequesta since March 2007. My office is located with Illustrated Properties.

I believe in building Relationships where Clients trust me and want me to help them. I do not want to restrict Buyers with a Buyer's Brokerage Agreement, and my only request from my Buyer Clients is to honor that I am in business as a Real Estate Sales Agent and that I am only paid on commissions and that I only get commissions once the Buyer is happy and has obtained what they were looking for. I request from my Seller Clients a full understanding of what the market is doing and to respect the market such that if they want to sell their home (in this market) that they have to be in front of the negative curve and to be in front of the curve with the nicest home.

Areas of Expertise

Jupiter, Palm Beach Gardens, Juno Beach, Tequesta and surrouding areas. I am very familiar with the Short Sale process and can help over-extended Families and Investors either save their homes/equity or incrementally save their credit.

Be sure to tell me what you want to do with your home! Keep it? Sell it? Or, restart your life!

Testimonials

We wanted to express how much we enjoyed working with you during the
purchase of our new home in Jupiter. It was great to have such a
competent real estate agent looking out for our interest. You were
so diligent in your search and always made your self available to fit
our dificult schedules. Finding someone like you who has a Ritz
Carlton customer service attitude is truley remarkable. We are in
the process of moving in and we hope you stop by to see us the next
time you are in the neighborhood. We wish you continued success and
will highly recommend you the next time we hear of someone looking
for a home.

Kind regards,
Bob and Cindy

In this Real Estate Market,,, Anything goes!

If you want the facts... Look me up,,, Knock me up in England,,,,Email or Call me in most other areas,,,

I look forward to your call!

Steven P. Wood, Realtor
Palm Coast Realty, Inc.
12300 Alt. A1A, Suite 209A
Palm Beach Gardens, Florida 33410

Direct:    1-800-298-2566

eMail:     Steven_P_Wood@msn.com

Web:    www.homepages.com/StevenWood1
             http://stevenwood.rmlsfl.mlxchange.com/
             http://www.ByJoveMyHome.com/

Office:    1-800-298-2566
Fax:      561-277-4215
Cell:     703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!

SHORT SALE QUESTION - HOW MUCH IS OWED ON THE PROPERTY? Discussion to follow. Please add to the Discussion!

Steven Wood (Palm Coast Realty) — Wed, 26 Mar 2008 22:13:51 -0500

SHORT SALE QUESTION - HOW MUCH IS OWED ON THE PROPERTY? How much can be negotiated on a Short Sale?

I am most curious about the first part of this question.

More than a couple of folks I have talked to about purchasing properties that required a "Short Sale" has asked "How much is owed?"

I cannot figure out why they are asking that question.

Can the folks here enlighten me?

If a seller qualifies for a Short Sale, then it doesn't matter how much is owed!!!

If the seller CANNOT MAKE PAYMENTS (to any of the following: HOA, Condo Association, IRS, County Taxes, 1st Mortgage Lien Holder, etc,) and hasn't made any payments for many months, then the OWNER(s) OF THE LIENS can possibly Foreclose on the property, or has to suffer quietly until the property is sold, and then, May or MAY NOT, be paid.

By definition, the "Short" in "Short Sale" means that the Market Value of the property is SHORT of what is Owed on the property. Be sure to understand the definition of "What is Owed On the Property".

At least One of the Lien Holders of all the Liens on the property is going to have to agree to take less (err, receive a Short payment on that which is owed) than what is owed.

Thank you for your collective responses,

To answer the 2nd question. The percentage that is negotiable depends on many items,

What will be Netted from the Short Sale as opposed to what will be Netted from a Foreclosure (ON THOSE THAT QUALIFY FOR A SHORT SALE) is one of the big ones. The WHO IS THE ONE FORECLOSING is another BIG one.

Be sure to consult with your Attorney and CPA before you enter into any Short Sale Purchase or List your Home as a Short Sale Listing! There is a lot of finger pointing going on!

And now for my Add-On... The market is turning,,, a slow turn,,,,be sure to get In On The Turn before Interest Rates turn UGLY! I invite Foreign Investors (European Investors, African Investors, Asian Investors, Middle Eastern Investors, South American Investors, etc.,) to come to Florida and CAPTURE ALL THE GREAT DEALS HERE!

Sincerely,

Steven P. Wood, Realtor
Palm Coast Realty, Inc.
Palm Beach Gardens, Florida 33410

Direct: 1-800-298-2566

eMail: Steven_P_Wood@msn.com

Web:

www.homepages.com/StevenWood1
http://stevenwood.rmlsfl.mlxchange.com/
http://www.ByJoveMyHome.com/

Office:               1-800-298-2566
Fax:                  561-277-4215
Cell:                 703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!

Short Sale Questions and Answers - No Way! WAY! to be Published with Seabreeze Publications Next Month!

Steven Wood (Palm Coast Realty) — Fri, 21 Mar 2008 22:16:30 -0500

Suffering from HARDSHIPS that affect your ability to sell your home?

Sellers competing with:

1) Builders who are deeply discounting their new homes, and

2) Banks who are selling off their foreclosed properties,

are worried about selling their homes for enough money to cover their mortgage balance.

I am experienced in negotiating with lenders and getting homes sold as a "short sale."

CALL ME TODAY

1-800-298-2566

Minimize The Damage To your Credit!

I may be able to help you!

Steven P. Wood, Realtor

Cell: 703-851-6535

Office: 800-298-2566

steven_p_wood@msn.com

Go to

www.ByJoveMyHome.com

BANK OWNED PROPERTIES FOR SALE! - PALM BEACH COUNTY !!!

Steven Wood (Palm Coast Realty) — Mon, 17 Mar 2008 23:07:41 -0500

BANK OWNED PROPERTIES FOR SALE! - PALM BEACH COUNTY !!!

I have just listed 2 Bank Owned Properties and I need to sell them fast! That is why I am posting this Blog.

The faster we sell the Bank Owned Properties, the faster We will Recover from this Real Estate Market Correction!

The faster we implement a "New Home Building Moratorium in the OVER-SUPPLIED Areas of Palm Beach County and Martin County and Broward County and Saint Lucie County, Florida", the faster, "WE" will Recover from this Real Estate Market Correction!

The 2 Bank Owned Properties that I have Listed are in Palm Beach County, Florida. Specifically, one is in the Town of Jupiter, Florida, and the other is in the Town of Riviera Beach, Florida!

These 2 Bank Owned Properties are priced aggressively. They are priced perfectly for folks that work for Palm Beach County! The Bank wants these Properties OFF Their Books!

I am calling on the Town of Jupiter and the Town of Riviera Beach to Help their Public Servants to get Affordable Housing.

I contribute to the Affordable Housing Program every time I renew my Auto License. I am hoping that these two Florida Towns will help their Loyal Servants and ask for money from the Affordable Housing Program, and contribute to their Public Servants' Livelyhood.

Nice Neighborhoods! The one in Riviera Beach is Gated In Thousand Oaks! The one in Jupiter, is in the lovely area of Jupiter Village!

No need to say these won't last. The Real Estate Investors are going to pick these off the tree before you can even see them! Be quick! If you work for the Palm Beach County Sheriff or Police Departments, The Palm Beach County Fire Department, The Palm Beach County School System, etc., call for an appointment!

The Calvary is coming! I have posted many alerts to my EU Friends! What is an EU Friend? That would be a "European Union" Friend!

If you would like to view either of these two properties in Palm Beach County, please send me an email with your Name and Phone Number and When you can view the properties.

Steven P. Wood, Realtor
Palm Coast Realty, Inc.
12300 Alt. A1A, Suite 209A
Palm Beach Gardens, Florida 33410

Direct:                  1-800-298-2566

eMail:     Steven_P_Wood@msn.com

Web:    www.homepages.com/StevenWood1
             http://stevenwood.rmlsfl.mlxchange.com/
             http://www.ByJoveMyHome.com/

Office:                  1-800-298-2566
Fax:                      561-277-4215
Cell:                      703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!

APB for Artists of ALL Modalities,,,Save Money and Live in Paradise! Please Respond to My Email Address!

Steven Wood (Palm Coast Realty) — Fri, 07 Mar 2008 23:22:20 -0600

Are you an Artist?

What type of Artist are You?

Do you play an instrument? Piano? Violin? Harp? Percussions? Saxophone? Guitar? Oboe? French Horn? Piccolo? Chellos?

Do you use instruments to create your art? Pencils, Brushes, Cameras, Chisels, Knifes, Soldering Irons, Blow Torches, Needles. Sewing Machines, Wrenches, Measuring Tapes?

Do you do Kitchen Arts? Food Arts? Presentation Arts?

How about Fitness Arts? Dancing Arts? Singing Arts?

What about Sculpturing? Concrete? Cabinetry? Wood?

Do you work in Antiques? Furniture? Design? or other Architectural Arts?

Is singing part of your act? Do you Act? Do you act up? Comedian? Juggler? Clown? Circus Act?

Do you want to be part of the New SOHO in South Florida? The New Warehouse District? The New Up and Coming Paradise? BE PART OF PARADISE! Scantily clad women and men, sweating while they make their art! Low Heating Costs! Great Tan Lines!

The environment and potential is here! The cost is right. The danger is here.

Snobs are not allowed.

Operas, Ballet, Symphonies, Galleries, etc! But they are down the street (as always).

Please respond to me,,,

Are you American? Are you from Europe? Asia? Are you from the Middle East? Russia? Japan? Africa? Are you from South America? North America? Central America? Mars? Jupiter, Florida? Or Venus?

The time is right, to invest in the American Marbella of Spain! The Euro is healthy. The dollar is struggling. Help the USA get out of this recession! The USA is not as bad as everyone thinks!!! We are staving off the radicals!

Fantastic Real Estate Investment Opportunities here! I will always speak my mind! Just listen to all I say!

Nobody here cares!

Just be licensed if you are into the home contracting arts!

Steven P. Wood, Realtor
Palm Coast Realty, Inc.
12300 Alt. A1A, Suite 209A
Palm Beach Gardens, Florida 33410

Direct:    1-800-298-2566

eMail:     Steven_P_Wood@msn.com

Web:    www.homepages.com/StevenWood1
             http://stevenwood.rmlsfl.mlxchange.com/
             http://www.ByJoveMyHome.com/

Office:    1-900-298-2566
Fax:      561-277-4215
Cell:     703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!

Are You in a Situation Where You are Trying to Sell Your Home and the Builder is Still Selling Homes in Your Subdivision, AND, They have Systematically Lowered their PRICES to where You cannot Sell Your Home, because You OWE TOO MUCH??

Steven Wood (Palm Coast Realty) — Thu, 06 Mar 2008 22:25:22 -0600

WOW, here in Florida, there has been a lot of this!

Past Floridians, and Americans, and Foreign Investors, are taking a Beating!

But they, the New Home Builders, told you that Prices May Change! Yup, you were warned! And the New Home Builder's Attorneys made sure that that was on every piece of paper they gave out. Yup, you were warned.

The New Home Builders are acting like the "5 and Dime's" of yester-year, when on special occasions, like Holidays, Season Changes, etc., the small department store would place a $1.00 item on sale for $.89 during the event, but later would raise the prices back to the $1.00 original price, after the event!

I will not mention names here, but, how many times have you heard from any New Home Builder's Sales Reps that, After this END OF QUARTER, or this END OF YEAR Sale, prices will be back to regular prices?

I will go on the stand, and swear that is what was told to me, and I have witnesses.

If you are in the situation that I described in the Title Above, please respond to this Blog. It only takes a minute.

I am feeling alone. Like, I am the only one that has been Duped.

I have an Appraisal, dated in June of 2006, on a property that I purchased in Florida, that indicated that the value of the property was worth approximately $569,000 as of that date.

I Closed on the property. Yup, I closed on that property, even though many Buyers walked away (Unbeknownst to me at the time) and lost their 10% to 20% deposits. I couldn't afford to lose my 10% Deposit. The Builder said Close or Lose your Deposit. I knew if the value was worth $569,000, my purchase price was $525,000, that I could sell that property for $540,000, or even $525,000 and still get a portion of my deposit back after costs to sell.

The local real estate market in Northern Virginia was experiencing problems starting in July of that year. My concern about purchasing a property in Florida was relieved, after all, Real Estate Markets are Local, THE APPRAISAL MADE BY A LOCAL PROFESSIONAL THAT WAS REGULATED BY THE STATE OF FLORIDA INDICATED THAT THE LOCAL MARKET WAS GOOD!

In that appraisal, there was a Newspaper Ad that indicated that in the 3rd quarter (July through September) of the previous year, that the Real Estate Market was going strong,,, LOOK THE ARTICLE UP, PALM BEACH POST. Very misleading if you ask me.

At the time, I was living in Northern Virginia. I depended on the Professionalism of the LOCAL Experts. Real Estate Agents, Appraisers, Mortgage Companies, Attorneys, Etc.

NONE OF THE LOCAL PROFESSIONALS INDICATED THAT AS OF the date of HURRICANE WILMA, THE REAL ESTATE MARKET HAD TANKED in Florida. But, since I have moved to Florida, it seems as if that is common knowledge amonst the locals.

As it turns out, a couple of months after I purchased the property that was appraised at $569,000, the New Home Builder started to sell the same model at $399,000. And the prices continued to drop to $299,990.

The real reason why I am posting this Blog is not related to the information above; but, rather,

the MLS, and the Property Appraiser's Office in Florida.

Neither requires Real Estate Agents, or Sellers, or the Settlement Companies, to report Subsidies and Incentives Paid By the Seller when the Real Estate Agents, or Sellers, or Settlement Companies report current sales, by putting the Net Sales Price, or the Subsidies and Incentives that were paid by the Seller at time of sale of the Property in the MLS, or the Property Appraiser's Sales Price Bucket WITH SELLER SUBSIDIES AND INCENTIVES, such that THE NET PRICE OF THE SALE WAS RECORDED anywhere!

If the Seller, or NEW HOME BUILDER, paid $30,000 in subsidies or incentives, who would know?

WHO WOULD KNOW?

The Investors that purchased the mortgage from the Wholly Owned Subsidiary Mortgage Company of the Home Builders would be buying a mortgage, where the property securing that mortgage was appraised at, or above, the Purchase Price, but would be passing on a Mortgage that was secured by a property that was really worth less than the Appraised or Purchase Price! And then very soon after the Closings, the New Home Builder lowered the prices, in some cases, $200,000 lower than what some properties sold for just a few months before. Wow! Sounds a little bit like Fraud.

But the Investors will buy the loan, because the State Regulated Appraisers, are "Regulated and would never misrepresent the real price!"

There was a newspaper article in the Palm Beach Post, published in 2006, that said Real Estate prices were going down, and said the New Home Builders were leading the way. Look it up.

Oooops, The State failed the Mortgage Investors and failed to regulate appropriately the Appraisers, and Mortgage Originators, and Settlement Companies, and Real Estate Agents, NEW HOME BUILDERS. and ,,,,!

I would Love to see an Event where Abacoa challenged The Bluffs to a Tug-O-War across the ICW. The Event would be on,,,

Steven Wood (Palm Coast Realty) — Thu, 06 Mar 2008 00:16:14 -0600

I would Love to see an Event where (West Jupiter) Abacoa challenged (East Jupiter) The Bluffs to a Tug-O-War across the ICW.

where Fredrick Small Road would be bridged to Marcinski Blvd.

The Event would be on,,,

A Day when nothing else was scheduled. A Day where a lot of people would want to participate.

Local Businesses would participate, Food, Prizes, Events, and maybe even the Mayor would come and greet the people of Jupiter.

The event may be the prelude to a Tug-O-War with Juno Beach and later with Tequesta, and then the Big Event with Palm Beach Gardens, across the great divide,,, Donald Ross Blvd.

Traffic would be routed away (for those that needed to get around the event) and routed to the parking, for those that wanted to participate!

It would be an Event just to have the Event in celebration of Jupiter, Palm Beach Gardens, Tequesta and Juno Beach.

Local Schools would participate, School Bands, Cheerleaders, Palm Palm Team, Drill Teams, etc.

There will be a Taste-of-the-Towns, Local Booths, etc.

Any readers here know of the Local JayCees or other proponents of Tooting Our Own Horns?

Burt Reynolds could Officiate the Events. The Don (Donald Trump) could make an Appearance.

It should probably be held during the off-season.

Life Guards, Police, and Fire Fighters could be honored.

Steven P. Wood, Realtor
Palm Coast Realty, Inc.

Direct:    1-800-298-2566

eMail:     Steven_P_Wood@msn.com

Web:    www.homepages.com/StevenWood1
             http://stevenwood.rmlsfl.mlxchange.com/
             http://www.ByJoveMyHome.com/

Office:    800-298-2566
Fax:      561-277-4215
Cell:     703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!

Memories, Great Memories, Real Estate, Paradise, and,,,

Steven Wood (Palm Coast Realty) — Wed, 05 Mar 2008 22:51:06 -0600

Memories, Great Memories, and,,,

the Times When You Need Your Memories to Protect You!

I was out Showing Properties, the properties that Home Builders are selling today,

THEY ARE NOT THE HOMES THAT WERE BEING SOLD 2 YEARS AGO!

Please, Take a moment to notice all the particulars about the property while you are viewing the New Home Builder's properties. Do they have the Upgrades? Do they Compare to the homes you have viewed that were built 2 years ago? Do they advertise that Window Treatments are included, or do you find Window Treatements in the new homes?

Do you have to add more money to get the Home you are really looking for?

Don't be tricked by the low price!

Compare Value with Price!

It looks like the New Home Builder's are using that old "Loss Leader", the old "Great End of Winter", the old "Lover's Buy Your Valentine", and the old "Bait and Switch" Tricks,

and all the other Old Tricks!

They have Smaller Properties with More Luxurious Stagings to Seduce You, like most all Sales Men and Women would do! Nothing wrong with Puffing! But be sure to compare Square Footage with Square Footage if they are including all the Upgrades!

I am not Speaking of the New Home Builders that reveal all that is important! Please Buy New Homes from Them!

I would like to take the time to say why they are doing this, but it is obvious.

I do not blame them. They need to sell their goods! And then they add the Old,,, "Add the Extra's, New Car Buying Trick"!

We all do the Balloon thing. Let's Celebrate! Paint the Pretty Picture!

Darn! I can't think of that movie, where, my favorite Actor, What's His Name, says "Volvos are Boxy!" and he was well recieved! I am hoping that I will be received in this way!

I am speaking like that Character!

Who is that Character? Please respond if you know!

Nevertheless,

Anybody here from Out-Of-State? Out-Of-Country?

Ask your Realtor or New Home Builder's Representitive to explain the Taxes, the New Tax Structure, Why an Investor would want to buy, or not buy, and the Insurance Costs when buying here in Florida!

There are a lot of New Home Builder Reps that won't explaine this Freely (Why would they? They may know if you ask them, But are you prepared to ask them? Why would you ask them????? You Don't Know What You Don't Know!)

Pay attention to your Realtor/New Home Sales Rep to see if they offer you The Good, The Bad, and The Ugly.

I scared the daylights out of a recent Client.

Here in Florida, there are Great Tax Expenses, Great Insurance Expenses, and Great Home Owner's Association/Condo Association Fees!

There are techniques to get around the Tax Expense. And, there are a lot of smaller Insurance Companies that are respecting the Florida Legislature.

I am one to be trusted. I, too, like Memories! But I only want Fond Memories! And, I want those Fond Memories to come back and Haunt Me!

Feel Free to Contact Me! I respond to emails and phone calls.

Steven P. Wood, Realtor
Palm Coast Realty, Inc.
Palm Beach Gardens, Florida 33410

Direct:    1-800-298-2566

eMail:     Steven_P_Wood@msn.com

Web:    www.homepages.com/StevenWood1
             http://stevenwood.rmlsfl.mlxchange.com/
             http://www.ByJoveMyHome.com/

Office:    1-800-298-2566
Fax:      561-277-4215
Cell:     703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!

(Dustin Hoffman in case you have a need to remember!)

SUPPLY UP! DEMAND DOWN! Let's Build More Homes and Ruin the Wealth of Palm Beach County's Citizens!

Steven Wood (Palm Coast Realty) — Wed, 05 Mar 2008 01:16:32 -0600

I appreciate the Fine Arts. Palm Beach County has a History of Fine Arts!

I think we need to build more homes in Palm Beach County!

What are your thoughts?

There is a lot of wealth here in Palm Beach County! Let's bring more people to Palm Beach County! Yes, Let's Build more homes!

More Homes? BUT WHY?

THERE ARE TOO MANY HOMES IN PALM BEACH COUNTY,

IN FORECLOSURE, BANK OWNED, IN SHORT SALE STATUS, EMPTY, VACANT, and all of these homes are bringing the VALUE of

YOUR HOME

LOWER AND LOWER!

We have a 4+ almost 5 Year Glut on Homes here.

Yes, the Over-SUPPLY of homes in Palm Beach County is lowering your WEALTH!

Less Wealth!

Less Wealth, Less County Supported Activities.

Wait! Less County Activities? Less Wealth?

Maybe we should stop new home building.

HOW DO WE STOP NEW HOME BUILDING?

Call your County Supervisor, Call your elected Officials!

DEMAND THE STOP OF NEW HOMES IN THIS OVER-SUPPLIED COUNTY!

Same applies to Martin and St. Lucie Counties,,,,and so forth!

Jury Duty Scam! Please Read! Identity Theft Alert! FBI Alert! and a more important Systematic Scam too!

Steven Wood (Palm Coast Realty) — Tue, 04 Mar 2008 23:26:51 -0600

I just recently asked to be excused from Jury Duty, and was allowed to be excused from Jury Duty, from my County of Record in Northern Virginia.

I am getting ready to make Florida my home, again. I was born in Florida, and it is time for me to make Florida my permanent home.

When I read the following, sent to me by a friend, I had to think long and hard about if I had my Identity Stolen... After all, I had to send proof that I was currently in Florida. The proof was my Vehicle Registration, AND, I had received a phone call from the Jury Management Office!

Please read the following, more to come...

This has been verified by the FBI (their link is also included below). Please pass this on to everyone in your email address book. It is spreading fast so be prepared should you get this call.

Most of us take those summons for jury duty seriously, but enough people skip out on their civic duty, that a new and ominous kind of fraud has surfaced.

The caller claims to be a jury coordinator. If you protest that you never received a summons for jury duty, the scam-mer asks you for your Social Security number and date of birth so he or she can verify the information and cancel the arrest warrant.

Give out any of this information and bingo; your identity was just stolen.

The fraud has been reported so far in 11 states, including Oklahoma , Illinois , and Colorado This (swindle) is particularly insidious because they use intimidation over the phone to try to bully people into giving information by pretending they are with the court system.

The FBI and the federal court system have issued nationwide alerts on their web sites, warning consumers about the fraud.

Check it out here:

http://www.fbi.gov/page2/june06/jury_scams060206.htm

http://www.snopes.com/crime/fraud/juryduty.asp

To this date, I believe that my Identity was not stolen. But, to help you, I am placing this notice on a Blog, so that you will be aware of the - Scum that Scam - Hard Working Folks.

Just another service I am providing current and future Clients and Customers and Associates!

Be sure to read the Post Script BELOW! Thank you,

PS: This scam is not as bad as the

"Let's Build New Homes in Palm Beach County and Sell the New Homes at Deep Discounts" Scam that is now going on in Palm Beach County by Home Builders.

The Home Builders are depleting the Tax Coffers because they are

1) forcing the Wealth from Current Home Owners in Palm Beach County (DO YOU OWN A HOME IN PALM BEACH COUNTY THAT IS LOSING VALUE?), and

2) forcing the Palm Beach County Property Appraiser to lower the Appraised Values of the Properties, and thus lowering the Tax Dollars being collected to support vital Public Services, such as Programs for Children in Schools, and all the other programs!

Google Palm Beach County Property Appraiser Public Access System.

As Home Prices are falling, due to 1) Over-Supply, and 2) Adding Gas to the Destructive Fire-like, Additional-Supply from New Home Builders that are deeply Discounting New Home Prices, the amount of Real Estate Taxes being collected to support the School, and other Public Systems are diminishing!

As the Citizens of Palm Beach County lose their Wealth, the Children of Palm Beach County, are losing School Programs.

IT IS TIME FOR A BUILDING MORATORIUM!

STOP BUILDING HOMES IN PALM BEACH COUNTY. WE DON'T NEED NEW HOMES HERE! WE NEED TO SELL WHAT WE HAVE! And the Same Goes for all of Florida!

PAY FOR UN-EMPLOYMENT BENEFITS TO THOSE CONSTRUCTION WORKERS THAT ARE OUT OF WORK!

OR BETTER YET, PAY THE UN-EMPLOYED CONSTRUCTION WORKERS TO TEAR DOWN FRAME HOMES AND BUILD TO-CODE HOMES IN THEIR PLACE! ReBuild Pahokee by Lake Okeechobee (If Lake Okeechobee was in the Deep South, there would be Resorts and Resort-like Fishing and Hunting Lodges, and support retail, and hotels there!)

I look forward to the days that our County Fathers (and PC Mothers), Supervisors, and Officials, wake up and start working for the Citizens of Palm Beach County, and Martin County, and St. Lucie County, and,,,,,

I Can't Believe that I Posted This! Am I MAD? Am I Hysterical?

Steven Wood (Palm Coast Realty) — Thu, 28 Feb 2008 21:21:01 -0600

02/07/08

Hi Jerry,

Before I get into my thoughts on Real Estate Investing for Europeans, Middle Easterners, Africans, Asians, and North and South Americans:

•1) I want you to know that I cannot predict the future. I cannot tell what is around the corner, nor can I tell what affects Global or Local Events will have on the Local Economy, or on Real Estate as an Investment in the USA or Florida or Palm Beach County, etc..

•2) I was a Real Estate Agent in Virginia between 1978 and 1980, a Real Estate Investor between 2000 and 2005, and I just became a Real Estate Agent in Florida in February 2007.

•3) As an Investor, such as Donald Trump, Real Estate is still the Best Over-All Investment on Earth, but it is a Long Term Investment, with many twists and turns.

Having said all that, here are my thoughts on Real Estate Investing in the USA, particularly in Palm Beach and Martin County, Florida, for Europeans, Middle Easterners, Africans, Asians, and North and South Americans:

I will use the standard SUPPLY and DEMAND Model through-out my paper.

I will make mention of

two

self-coined terms

that will be indicative of how fast or greatly affected

Prices of Real Estate will rise or fall:

"Fast-Forward-Demand" will greatly increase Real Estate Prices, and

"Fast-Forward-Supply" will greatly decrease Real Estate Prices.

I will also use the following Analogy throughout my paper:

Let us imagine that the Real Estate Market in the USA (or in Florida) is a Portfolio and that Portfolio is represented as a Super Tanker that is underway on the ocean. Currently that Super Tanker is heading in the wrong direction (Losing value). As an Investor, one would like to have the Super Tanker going in the right direction (Holding value or Increasing value).

It takes a lot of energy to turn that Super Tanker around. The energy that will turn the Super Tanker around must overcome the energy that is keeping the Super Tanker from turning around.

First, the energy factors that are keeping the Super Tanker from turning towards the right direction:

•1) There are folks that are destitute, in severe financial crisis, and have to sell their properties at the mercy of the lenders to do "Short Sales", and if there is no mercy, then the lenders will force a sale of each property at a Foreclosure Auction, and if no one purchases the properties at the Auctions, then the properties become Non-Performing Assets of the Lenders or the Banks.

If the property is sold as a "Short Sale", then the lender usually loses less money than at the other two sales. The lender will make the first bid at the Auction (which needs to be below what the lender thinks the property is worth on the open market), and if somebody else purchases the property, then the lender loses more money than with a Short Sale, but less money that as a sale where it is described as "Bank Owned". If the property becomes bank owned then there are certain laws that might kick in and prohibit the bank from making future money. This makes the banks want to unload Bank Owned properties very quickly and that usually indicates unloading at a great discount.

This is just a short description of what is really going on, but enough to get a feel.

The affects of this phenomenon will cause a Fast-Forward-Supply

•2) There are New Home Builders that have to dump current inventory, and continue to build to unload builder-owned undeveloped property, to the select few people that are buying right now in this unknown market. The only people buying right now are those people that believe that they are buying the properties at such a discount that they will be protected from future depreciation. This is driving the market down quickly.

I think the local Towns and Counties should place a Moratorium on Building New Homes because to add a new home to the all ready over-Supplied market is like adding gasoline to a fire. But, alas, I am not a person in a position to implement such a thing.

The Builder's, themselves, are experiencing a melt down.

The affects of this phenomenon will cause a Fast-Forward-Supply

•3) There are folks that have enough money to possibly weather this correction. They are currently losing a portion of their wealth, or losing a lot of their wealth, in the real estate sector. There are a lot of folks like this. In this category, you have folks that are hoping for the correction to end.

These folks are either in denial, or have wealth enough to weather the correction.

The ones that have enough wealth to weather the correction are probably also heavily invested in many other types of investments or weren't heavily invested in real estate.

Those that are only losing a small portion of their wealth are keeping their properties, they don't care. No affect on Supply and Demand.

Those that are losing a bigger portion of their wealth have their properties on the market, but at un-sellable high prices. This has an affect on Supply and Demand, but the affect on Supply and Demand is greatly detrimental to the Real Estate Market. Almost to the tune of Fast Forward Supply!!! But they may be stalling the affect, such that those in the other categories can execute their divestment with finesse.

They care, but would rather smoke their cigars and get the price that they paid.

Those that are losing a greater portion of their wealth are either stoned, or are praying, or are hoping for it all to end before they become destitute. They do not want to lower the price of their Real Estate Properties because to do so would greatly lower their wealth, but they do lower the price so gently. These people are also allowing the same as described above...

This also has an affect on Supply and Demand, and the affect on Supply and Demand is greatly detrimental to the Real Estate Market. Again, almost to the tune of Fast Forward Supply!!! But they may be stalling the affect of Fast Forward Supply, such that those in the other categories can execute their divestment with finesse.

•4) If a recession hits, and families have to move in with each other to make ends meet, then once filled homes (renters or purchasers) will be vacating homes to super fill other homes, and thus increasing SUPPLY

Now for the good news...PITI (Principle, Interest, Taxes, and Insurance) and other items...

•1) Florida is challenging the Insurance Companies.

Search the web for a LINK under

www.floridarealtors.org/NewsAndEvents

Enter "Insurance 2008" in the box next to "Search this Site" at the top of the page.

If Insurance costs go down, investors jump in to take advantage. The affect is increase in DEMAND.

•2) Florida is changing the Tax Structure such that on Jan 29, 2008, there will be a reduction in Taxes.

Search the web for a LINK under

www.floridarealtors.org/NewsAndEvents

Enter "Tax 2008" in the box next to "Search this Site" at the top of the page.

When the cost of Real Estate Taxes goes down, investors jump in to take advantage. The affect is increase in DEMAND.

•3) The USA FED (FED = Federal Reserves) is lowering the cost of money that is used to run the Economic Machine and is used to purchase real estate, and the FED is promising more cuts.

Search the web for a LINK under

www.floridarealtors.org/NewsAndEvents

Enter "Fed Rates 2008" in the box next to "Search this Site" at the top of the page.

When the cost of Money (Principle and Interest) goes down, investors jump in to take advantage. The affect is increase in DEMAND.

•4) The Stock Market is taking a hit, and folks are moving their money to Bonds and Real Estate. The Bonds affect Mortgage Interest Rates, and Real Estate affects everybody.

Search the web for a LINK under

www.floridarealtors.org/NewsAndEvents

Enter "Stock Market 2008" in the box next to "Search this Site" at the top of the page.

When the cost of Money (Principle and Interest) goes down, investors jump in to take advantage. The affect is increase in DEMAND.

•5) The Stock Market is taking a hit, and folks are moving their money to 100% Invested in Real Estate and Precious Metals.

Who knows where all of this takes us? 100% in anything that is Important to Life is good. You owe nothing to anybody (except for the County, State, and Federal Taxes).

Search the web for a LINK under

www.floridarealtors.org/NewsAndEvents

Enter "Investments 2008" in the box next to "Search this Site" at the top of the page.

When the cost of Money (Principle and Interest) goes down, investors jump in to take advantage. The affect is increase in DEMAND.

•6) A Presidential Election is on the horizon. The Budget and Economic Future of the USA will be in the hands of a new President.

But change is slow, and with the Checks and Balances in the USA, the price per pound of who is in the President's Position, really has nothing to do with whether or not we prosper.

No affect, except for emotional affects because of change. This affect is important, but, we cannot tell where the change will go.

•7) Local Demand is UP, Scripps, Max Planck, and supporting structures such as Grocery Stores, Dry Cleaners, Restaurants, etc

Search the web for a LINK on Google,

When the DEMAND for Real Estate goes up, the Cost per Square Foot of Real Estate goes up! The affect is increase in DEMAND.

The affects of this phenomenon will cause a Fast-Forward-Demand, once Supply is down.

•8) Foreign assets. Don't underestimate the role of the foreign investor in today's market. Flush with cash and enjoying immense buying power due to a weak dollar-which will only get weaker if the Federal Reserve continues to lower rates-U.S. housing has become a hot commodity for European investors. "I happen to believe that the international markets will demonstrate a confidence in the U.S. that the U.S. isn't showing itself," says Mich of (xxx realty, just trying to protect my interests <grin>). "Miami, Fort Lauderdale...people want to live near some of the world's best beaches and fun spots in the world. We're going to see a lot of foreign buying and it's only going to continue." A survey of Florida Realtors conducted in 2007 found that foreign buyers accounted for 7.3% of all homes sales in the state-a conservative estimate, say many industry watchdogs. On the commercial side, Real Capital Analytics, Inc., which provides market data to the commercial real estate industry, says foreign investment in Florida commercial real estate has increased steadily, from just less than $948 million in 2004 to more than $1.43 billion in 2007.

So, as I mentioned in the beginning, I do not have a crystal ball; however, I do know that there are a lot of great opportunities here in Florida, Palm Beach and Martin Counties, and the Towns within, Palm Beach Gardens, Jupiter, Tequesta, etc..

I also believe that you will continue to see Great Opportunities over the course of the next 6 to 12 months.

I think that the Time is Near,

where You and Your Investor Friends,

will want to START Investing

in Palm Beach and Martin Counties, Florida.

We are like the Marbella of Spain! And at the exchange rate, GET GOING! It is time! (Be sure to hook up with smart Real Estate Agents, that know how to handle the Local Laws, the International Laws, that can speak your language, etc,,, (I can do all that, OR, I will get a translater so we can communicate effectivey)

Let me know when you are ready and what types of properties you will be interested in (Commercial, Land, or Residential / Condos, Single Family Detached, Townhomes, etc).

I am putting together a very Strong Team of Realtors, with Lots of Years of Experience, just to Service you, and your's.

Steven P. Wood, Realtor
Palm Coast Realty, Inc,
Palm Beach Gardens, Florida 33410

Direct:    1-800-298-2566

eMail:     Steven_P_Wood@msn.com

Web:    www.homepages.com/StevenWood1
             http://stevenwood.rmlsfl.mlxchange.com/
             http://www.ByJoveMyHome.com/

Office:    1-800-298-2566
Fax:      561-277-2415
Cell:     703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!

Short Sale Advice - How Much Should I Offer on a Short Sale Offer to Purchase?

Steven Wood (Palm Coast Realty) — Thu, 07 Feb 2008 00:09:54 -0600

Hi Gretchen (Name Changed),

Sorry about getting back to you so late in the evening.

Gretchen wrote to me the following:

> If we do make a bid it will be less than $290K. The offer would be
> preapproved, backed by cash, and with inspection waived. Which make it
> strong, however, If you don't think that is worth submitting due to
> being below recent comps, let me know. I do not want to waste anyones
> time.

There are 3 particular items that makes an offer STRONG in a Short Sale.

1) Price,

2) No Contingencies, and

3) Price.

There are 3 particular items that makes a Lender want to accept a Short Sale Offer.

1) How much money will be netted on a Short Sale, versus how much money will be netted on a Foreclosure,

2) How STRONG is the Short Sale Offer, and

3) How much money will be netted on a Short Sale, versus how much money will be netted on a Foreclosure.

You have Item #2, No Contingencies!

The other 2 Items, have to be addressed...Price and Price.

This is NOT a new property. This is a property in a fantastic area! The Builder has just sold a 3 story, larger unit, for a very small price (I showed you a recent Palm Beach County Property Appraisal Office Public Access System's run of all sales in the subdivision.)

In Florida, there is no Legal Requirement, by anybody, including Licensed Appraisers, Real Estate Agents, BUILDERS, Homeowners, Public/Government Servants, Experts that perform BPO's, et al., to show Seller's Concessions or Subsidies. I really am not for this practice because how can the PUBLIC, the BANKS, the LENDERS, People from out-of-town, etc., tell what the MARKET VALUE of a property IS (It all depends on what the definition of IS IS!)

Please make an Offer. Make it your BEST OFFER. And, expect a long passage of time before you get an answer back from the Lender. Don't count on your offer being accepted. Somebody else may put in a Stronger Offer!

In a Short Sale situation, nobody knows or can predict, what a Lender will accept. The Lender is the one that will make the decision on which offer Best Suits THEM.

Steven P. Wood, Realtor
Short Sale Specialist with the Short Sale Division of
Palm Coast Realty, Inc.
Palm Beach Gardens, Florida 33410

Direct:    1-800-298-2566

eMail:     Steven_P_Wood@msn.com

Web:
             www.ByJoveMyHome.com
             www.homepages.com/StevenWood1
             http://stevenwood.rmlsfl.mlxchange.com/
             http://stevenwood.point2agent.com/

Office:    1-800-298-2566
Fax:      561-277-4215
Cell:     703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!

LOOKING 4 That SECRET GREAT Deal in Palm Beach Gardens close to BallenIsles Golf Course? Only a Local Would Know! Read on,,

Steven Wood (Palm Coast Realty) — Fri, 01 Feb 2008 23:27:05 -0600

OPEN HOUSE! Saturday, February 2, 2008! 1-3:00 PM! (Super Bowl is on Sunday... No Excuses!)

Like to Golf? Like to Swim? Like the Sun? Like to be in Down Town Palm Beach Gardens?

Walking distance to and from Great Dining and no MEMBERSHIP EQUITY!

This is THE PENNY LANE of Palm Beach Gardens for the folks with just a Little Jingle, but may be purchased by folks with a lot of jingle!

And Nobody knows about it!

This property is on the market and must have 3rd party Lender approvals for the sale to work. I expect many offers on this property, so make your best offer!

We are selling the property for the Land Value! Make an appointment or go to the OPEN HOUSE and see why! Actually, the value is there and all you need to do is see it.

The more folks that see this property, the greater it's value.

This really is the Best Deal in Palm Beach Gardens!

Tiger Woods might even buy it for the location!

I don't golf and I don't swim, But if I were in the market to buy a home, I would buy this one, at better than the listed price, just to let the Television Media and ESPN have the best place on BallenIsles Golf Course! LOOKING 4 That SECRET GREAT Deal? Only a Local Would Know! Read on,,

Actually I would buy it for the Sun and the Pool.

For more information, give me a call,,,

Steven P. Wood, Realtor

Illustrated Properties Real Estate, Inc.
7100 Fairway Drive, Suite 44
Palm Beach Gardens, Florida 33418

Direct: 1-800-298-2566

eMail: Steven_P_Wood@msn.com

Web:

www.homepages.com/StevenWood1
http://stevenwood.rmlsfl.mlxchange.com/
http://stevenwood.point2agent.com/

Office: 561-626-7900
Fax: 561-624-2911
Cell: 703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!
BTW, The secret is in the second picture, on the right, can you make out what that building is???? The photographer was sitting on this job!

Do the Local Authorities within Palm Beach County and the Towns Within Have the Power to Implement an Emergency Home Building Moratorium?

Steven Wood (Palm Coast Realty) — Sat, 19 Jan 2008 21:57:25 -0600

I am curious...

Do the Local Authorities in Jupiter, Palm Beach Gardens, Juno Beach, Tequesta, Singer Island, or any of Palm Beach County, have the Power to Implement an Emergency Building Moratorium?

I am also curious...

What do you think will happen if the Local Authorities Implemented an Emergency Home Building Moratorium, besides Law Suits by the Builders?

Thank you for your answers!

Great Opportunity! LUXURY TOWNHOME Short Sale, Next to Scripps in Cielo, Palm Beach Gardens, FL 33418!!!

Steven Wood (Palm Coast Realty) — Sat, 19 Jan 2008 21:33:19 -0600

Luxury 2,000+ Square Foot, Lennar, Every Things's Included TownHome

with Granite Counter Tops, CBS, High Impact Glass, SS Appliances, and a lot more!

Close to Scripps and in the Center of Jupiter and Palm Beach Gardens!

The bank is expecting close to Market Value. (A recent Sale's Comp $372,500!)

I can get your offer through if it is reasonable! MAKE AN OFFER! See below,,,

Be Smart, Submit an Offer Close to asking price and become the next owner!

Just a short distance to Scripps and Max Planck!

Great Opportunity! Short Sale!

Currently listed for $324,900. but make a reasonable offer.

Gated Community! Close to Donald Ross, The Beach/Atlantic Ocean, Roger Dean Stadium, Abacoa Town Center, Thai Garden Restaurant, Publix, Star Bucks, Whole Foods, The Gardens Mall, I-95, and is Pet-Friendly, and has a Resort/Spa-like Pool and walkways to the Lake!

For more information, please contact me. For a Private Viewing, Contact me!

This one is going to sell soon! The Owner cannot keep it and the Bank doesn't want it!

Please present your best offer.

The market is local.

Will 40,000 jobs create a demand?

Jeb Bush indicated that 40,000 jobs will be created
from the initial Scripps work force and all the complementary jobs in support!

Thank you for stopping by.

Scripps folks are all ready living here. It is a great and friendly neighborhood.

I hope to hear from you!

SUPPLY IS WAY UP,,,demand is way low, Let's hire a Builder to make more Homes in our County To Incease the Tax Basis!

Steven Wood (Palm Coast Realty) — Fri, 18 Jan 2008 22:41:51 -0600

Hi Folks,

Caution: Honest Political Discussion Ahead!

I was about to Cry when I received an eMail Letter from one of my Clients that spoke with a Forked Tongue, with me, when he/she forwarded an eMail from one of the Local Home Builders that wanted to show him "the new them", that wanted to "redefine new homes", that wanted to "make sure that they built what he/she was looking for", etc.

Before I Go On,,,

Can I ask you One Political Question about Supply and Demand, err, Basic Economics?

For those of you that said yes:

When there is an OVER SUPPLY OF ANY COMMODITY THAT IS MAN MADE, By any Person or Company, then,

is it wise to continue MAKING/PRODUCING THAT COMMODITY, OR IS IT WISE TO STOP MAKING THAT COMMODITY?

The correct answer is: It Depends,

Yes, It DEPENDS!

It depends on if you are a Stock Holder in that Company, or if you are a Person Suffering from the OVER=PRODUCTION of that commodity from that Comapny.

To further the discussion,

ESPECIALLY WHEN FOLKS CANNOT GET OUT OF THEIR CURRENT NIGHT-MARISH Circumstances without Great Negative Repurcussions,

It is sort of like shooting deer in the headlights,

And the Producers of the OVER=PRODUCED COMMODITY can exploit the wealth of those deer that want to make-good on their promises, because those that want sell "their own comodity" cannot sell because they owe way too much.

Let us say that there are many, many, folks that have been stung and are losing their Wealth, their Livelyhoods, their Retirement, and their Espri d'core, because they purchased a home, or a 2nd home, or an Investment Property that has dropped in value by up to 50% in the last 2.5 years since closing, and even more since the Pre-Construction Priced Contract to Purchase that home was signed.

Let us imagine that the Home Builder is innocent.

Let us imagine that the Home Builder's Wholly Owned Subsidiary Mortgage Company is innocent.

Let us imagine that the Appraiser, that was hired by the Wholly Owned Subsidiary Mortgage Company of the Home Builder, that Appraised that home, is innocent.

The Real Question is:

Is it smart,,,

for those that are

THE Powers That Be,

such as Mayors, County Supervisors, Town Council, Elected Officials, etc.

to allow ANYBODY THAT IS ADDING TO THE SUPPLY OF AN OVER=SUPPLIED COMMODITY TO CONTINUE TO ALLOW THE MAKER OF THAT OVER=SUPPLIED COMMODITY, TO CONTINUE MAKING/PRODUCING THAT OVER=SUPPLIED COMMODITY, WHEN ALL OF THE CITIZENS OF THAT Town, City, County, etc.

are

Losing their Wealth, their Livelyhoods, their Retirement, and their Espri d'core,

AND,

The Different Politcal Jurisdictions are losing Great Tax Wealth,

with each and every EVEN-FURTHER-GREATLY-DISCOUNTED PRODUCT THAT IS PRODUCED AND SOLD?

That was my real question.

I have nothing against Home Builders, or the Home Builder's Wholly-Owned Subsidiary Mortgage Comapany, or their Company-Authorized Appraisers, hired by the Home Builder's Wholly-Owned Subsidiary Mortgage Companies.

I do want to cry when I see everybody losing their wealth.

Is there anything we can do to stop the pain?

I invite further discussions.

Anybody else feeling the pain?

Anybody know how to INCREASE The DEMAND?

(i.e., Invite those outside of the US to buy properties in the US, or, build Anchor Attractions such as Palm Beach County Casinos?)

or LOWER the SUPPLY

(such as Tax Dollars to buy Valencia in Abacoa Jupiter Homes (Imminent Domain) to make a Smithsonian South Museum and force those who live in Valencia to buy homes elsewhere?)?

Let's try to pump up the USA! and Florida! and Palm Beach County! and with the Tax Dollars recovered, we can pay the Home Builders Unemployment Compensation!

It it time.

And, for those of you suffering with Hardships, that could benefit from a Short Sale on your Home, (A short sale is a sale that you make on your home when you owe more than it is worth and the Lender takes less than what is owed and allows you to sell it anyway), be sure to contact Illustrated Properties' New Short Sale Services Department's Hotline at 561-762-4777. If you read this far into this Political Discussion, then call the number.

SHORT SALE Price But Isn't a SHORT SALE! Jupiter, FL, MARTINIQUE Largest Single Story Home Built by DiVosta in Abacoa DON'T MISS THIS ONE!

Steven Wood (Palm Coast Realty) — Mon, 14 Jan 2008 21:05:33 -0600

Sky Blue and Cloud White!

I bet you cannot even see this home against the sky!

Corner Lot!

Is that a Magnolia Tree I see???

Palm Trees waiving by a Single Level Home with close to 3,000 square feet under Air Conditioning?

Well Dear, I would hate to Downsize,

but I do not like the stairs here in our home since the,,,

Let's take a look at it!

Honey, it says that there is close to 4,000 Square Feet Total, with the 2 Car, Front Loading Garage and Paver Driveway, and,,,

Wow! A Southern Exposure to allow for a bright home and future!

And for the cold days, an OptiFlame Fireplace.

I usually laugh when I tell folks that the HOA Fees cover Snow Removal, and I catch the folks laughing, too, a couple of seconds later, but, I will shovel any snow off of the sidewalks if indeed it snows here! Just keep my Business Card/Calling Card, and I will come calling to remove the snow!

Nature Area in front of home

where the sun sets on sultry evenings,

and you can sip your Virgin Mint Julep or Evening Beverage,

without seeing a neighbor washing their car directly across the street!

Listed at just $515,000!

Please contact me for more information or to schedule a viewing.

Steven Wood, Realtor, Illustrated Properties, 1-800-298-2566 or 561-626-7900

Is It Time to Stop the Sprawl? Is It Time to Implement a Building Moratorium?

Steven Wood (Palm Coast Realty) — Mon, 07 Jan 2008 21:53:56 -0600

Hello Home Owners in Palm Beach County!

I am here tonight to ask questions. To generate discussions.

These questions are not for everybody.

Just the select few that understand the questions.

Is it time to stop the sprawl? Should we implement a building moratorium?

Imagine if you will, Thousands and Thousands of empty homes, no buyers, and no renters. Wait, we don't have to imagine. We just have to drive through the different neighborhoods!

Wealth of current home owners is being stolen, by Stock Holders of New Home Builder Companies. These Stock Holders: 1) need to sell off inventory, and 2) need to sell not-yet-built homes on their empty land!

Those Stock Holders. DAMN! They WIN and they WIN.

If I owned Stocks in the Big Home Building Companies, I would Buy Long and Sell Short, Puts and Calls, Both!

OK, The Home Builders are Stealing Wealth from Home Owners. There, I said it!

In all of the previous RE Markets, the new home USUALLY sells for more than the older homes. Not TRUE in Palm Beach County (and other counties in Florida).

The New Home Builders are:

1) Taking tax dollars away from the County Governments,

2) Taking wealth from Home Owners,

3) Usurping Mortgage Company/Lender/Bank Money with each lower-ball Sale,

4) Driving America into it's 2nd Depression,

5) Paying Real Estate Agents Handsomely to help them _______ (fill in the blank) from the current Homeowners

Etc.

So, What do we do?

We Stop the Sprawl! We Implement a Building Moratorium!

1) We allow the builders to upgrade, update, rehab and/or replace properties that were built before the 1992 Code Change so that the builders can continue to work and pay their employees,

2) We allow the builders to replace properties in run down neighborhoods to make sure that poor folks and social workers can afford homes,

3) We allow the builders to restore the wealth of the Home Owners by forcing the Homebuilders to enhance and edify and rebuild, such that wealth is restored to those middle class folks that lost all their wealth becaue the Home Builders low-balled inventory homes to escape the oncoming depression/recession

4) We ask the current Palm Beach, and each of the Cities' and Towns' Administration, how they are helping the Palm Beach County Citizens

I suspect there may be repercussions. Nevertheless, As a middle of the road Republican and Real Estate Agent, I ask that you, for lack of better words, help stop the Sprawl in Florida!

Supply vs Demand --> Stop the increase in supply and the demand gets relatively stronger. (and the value gets higher)

Supply vs Demand --> Stop all future supply, and current supply becomes rare quicker!

Supply vs Demand --> Enhance the current supply by building Support structures and Anchor structures, and watch the Demand Soar!

Let's see where this blog goes, and then we may continue,,,

JANUARY 9th! BE THERE! See the Maltz Theater! Community Service - Learn why you want to VOTE on January 29 - then Feel Good! Real Estate Tax Amendment!

Steven Wood (Palm Coast Realty) — Mon, 07 Jan 2008 19:50:45 -0600

I am so proud to be an American and a Native Floridian!

Learn about your rights and lefts!

Check out the Maltz Theater, then take a stroll down Jupiter Beach!

Brrrr, it may be too cold. WAIT, we are not in New Hampshire!

Take a long lunch and get PUMPED UP!

Tell your Boss, tell your Neighbor,
tell the Rich, and tell the Labor,,,,

1 if by land, 2 if by sea!

WE NEED YOUR HELP!

Please?

Wednesday, January 9th

Maltz Jupiter Theater - Presentation regarding January 29th ballot item on Property Tax Amendment

John Sebree, Vice President Florida Association of Realtors

will be presenting the features of the Property Tax Reform known as "Amendment One"

at the Maltz Jupiter Theatre from 11:00 a.m. - 1:30p.m.

This event is FREE and open to the public.

Go to McDonalds, get a Steak Egg and Cheese Bagle, and be

there at 10:00 AM!!!!

Seating is limited to first 300 attendees.

The event will allow for questions and responded to by Mr. Sebree.

Handouts with the exact language of the amendment.

Also, it is the only tax relief item FOR YEARS TO COME!

For more information visit: http://www.yeson1florida.com/

Steven P. Wood, Realtor
Illustrated Properties Real Estate, Inc.
300 W. Indiantown Road
Jupiter, Florida 33458

Direct:    1-800-298-2566

eMail:     Steven_P_Wood@msn.com

Web:    www.homepages.com/StevenWood1
             http://stevenwood.rmlsfl.mlxchange.com/
             http://stevenwood.point2agent.com/

Office:   561-746-0008
Fax:      561-747-5086
Cell:     703-851-6535

I am at Your Service

for ALL of Your Real Estate Needs,

Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!