Dec 2, 2010 | BUYER'S ADVICE, MIAMI REAL ESTATE
Once you’re under contract and have applied for a loan, your lender will require that you get a property survey before they issue the mortgage so that they may get a clear lender’s title insurance policy. A surveyor will determine if the house is within...
Dec 1, 2010 | MIAMI REAL ESTATE
By refinancing your loan, you can lower your monthly payments. In order to be eligible to refinance you must be current in your payments, and cannot be underwater… and you need to have excellent credit. Whether you go through your existing lender or elsewhere,...
Nov 29, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
What is Loan Modification? It’s an inexpensive way to stay away from foreclosure (no appraisal fees, surveys…). Loan modification differs from refinancing (which requires you to have equity). With loan modification you negotiate new terms for your...
Nov 26, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
Here’s a question we were just asked: “A deed in lieu of foreclosure means what?” It means that “The homeowner agrees to relinquish the property voluntarily to the lender by transferring the deed to the property… and in exchange, the...
Nov 24, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
52% of all EWM real estate sales right now are cash transactions – and the numbers increase exponentially as we move into the upper price brackets. 2/3 of all of our property sales in the over $1 million category are cash sales. And 1/12 (or 1/13) of all of...
Nov 23, 2010 | BUYER'S ADVICE, MIAMI REAL ESTATE, SELLER'S ADVICE
THIS IS A QUESTION THAT IS COMING UP WITH MORE AND MORE FREQUENCY THESE DAYS: “IS A LEASE PURCHASE AN OPTION FOR ME RIGHT NOW?” THE ANSWER: IT DEPENDS. YES… IF YOU ARE LEASING WHILE YOU’RE PULLING THE FUNDS FOR CLOSING TOGETHER. NO…...
