Here are some recent updates on http://www.themortgagegotoguy.com/... enjoy reading!

Florida Mortgage | Affordable Housing Marketing

by David A. Podgursky, MBA

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.

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Florida Mortgage | Subprime Bailout ~ Preliminary views of the plan

by David A. Podgursky, MBA

 I had to at least make a mention of the new plan to bail out the Subprime Mess and I was in a Clint Eastwood Western sort of mentality. So, I will relate my feelings to the Good the Bad and The Ugly.

I think that in all, it will help some people… but I just don’t believe the way that things are being carried out are in the best interest of the masses for more than one reason.

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Florida Mortgage | Realtor Fraud Reports

by David A. Podgursky, MBA

RISMedia sent out their newsletter today and the top story was Realtor Caught in Cash-Back-at-Closing’s Crosshairs.  The story is about a Realtor in St. Petersburg Florida who was caught in a transaction involving an inflated sales price to provide the buyer with cash back at closing.

Unfortunately, these deals are often overlooked and don’t seem to be such a bad thing to most people - even those that know that they are fraudulent.  The big issue in this case isn’t the fraud - it is the Realtor’s choice to argue ignorance as a defense.

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Florida Mortgage | Delray Beach Seahorse Condominium Project signs Catalfumo

by David A. Podgursky, MBA

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.

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Florida Mortgage & Real Estate | Lawmakers might ban cell phone use by teen drivers

by David A. Podgursky, MBA

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.

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David A. Podgursky, MBA
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