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...
Dec 8, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
Mortgage bankers and lenders will be sad to hear that 53% of all transactions now are RENTALS. With interest rates at an all time low, homebuyers can lock in interest rates (to the tune of 4.25%) but many are opting to LEASE. And that is great news for investors...
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...
Nov 20, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
November 2010: Miami is in the midst of a freeze on foreclosures. The reason? A number of lending institutions (Bank of America, GMAC, JP Morgan Chase and others) along with several powerful legal firms who were handling foreclosures on their behalf (David J....
Nov 11, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, REAL ESTATE NEWS, SELLER'S ADVICE
Realty Trac reports that currently 24% of residential home sales are FORECLOSURE property. With the shear volume of foreclosure properties on the market (and foreclosures expected to rise), IF YOU PLAN TO SELL YOUR HOUSE over next couple of years, you might do...
