Dec 5, 2010 | FORECLOSURES/SHORT SALES, MIAMI MARKET CONDITIONS
Zillow reports that 47.4% of all homes sold in September were distressed sales. The breakdown from Zillow shows that 27.3% were short sales and another 20.1% were foreclosures. Unfortunately, because appraisers use all available recent sales (distressed and...
Dec 4, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
Foreclosure? … Time Frame for Foreclosure? A foreclosure is when the lender (lien holder) assumes ownership rights when a property owner defaults on his/her mortgage payments…It’s the process through which the lender repossesses real estate...
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...
Nov 30, 2010 | COMMUNITY INFORMATION
As one of the busiest airports in the country, Miami International Airport is seeing some much needed changes. The facility has already undergone major upgrades and has more in store. So far, the 1.7 million sqaure foot South Terminal is open and the 3.2 million...
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...
