Mar 1, 2012 | FORECLOSURES/SHORT SALES, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, REAL ESTATE NEWS
The court-imposed dam on Shadow Inventory blew last month. There is a wave of distressed property that will come, which will impact sales prices all across America. Some areas will be more battered than others. If you are looking to sell, and wanting to move within...
Jan 12, 2012 | FORECLOSURES/SHORT SALES
Last year, Experian-the credit report company- added a section which includes rental payments. It helped elevate scores for tenants who paid rent on time. Two other credit report companies are also adding the rental payment history section to their reports. Sources at...
Dec 13, 2011 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
By the end of 2010 distressed single family homes in Miami listed for sale in the MLS (multiple listing service) numbered in excess of 1,000. And as we moved into 2011 that number dropped: The number of distressed properties listed for sale dropped. Distressed...
Nov 11, 2011 | BUYER'S ADVICE, FORECLOSURES/SHORT SALES, HOME MAINTENANCE & REPAIRS, MIAMI REAL ESTATE, REAL ESTATE NEWS, STAGING/DECORATING
The first place I bought was in New York City. What I wanted was a condo on the Upper East Side, one that the owners had converted from a studio into a phenomenal one-bedroom condo. It was furnished impeccably… and looked as though it came from the pages of...
Oct 13, 2011 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
Why opt for a short sale over a foreclosure? If you owe more on your mortgage than the current market value dictates your property is likely to sell for, a SHORT SALE can enable you to get out from under your debt provided that your lender accepts a lesser payoff ...
Sep 15, 2011 | BUYER'S ADVICE, FORECLOSURES/SHORT SALES, REAL ESTATE NEWS
We have been working on closing a very drawn-out and convoluted short sale, involving bankruptcy (actually more than one bankruptcy!). In the process, we came across a helpful resource for following the proceedings – which allowed us access to...