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Fort Lauderdale, FL Real Estate News

By Susan Weaver, Susie Sells by the Seashore
(Lokation Real Estate)
Royal Coast Fort Lauderdale Condo Foreclosure, spectacular Ocean and City views! For FREE Instant Email Notification of Fort Lauderdale Beach Florida Real Estate short sales, foreclosures and regular listings as soon as they come on the market, please visit our website at http://www-Fort-Lauderdale-Beach-Real-Estate.com/ For FREE Instant Email Notification of Fort Lauderdale Beach Foreclosures ,  short sales, and regular listings as soon as they come on the market, please visit our website at http://www.FortLauderdaleBeachForeclosures.com. For FREE Instant Email Notification of Fort Lauderdale Beach Florida Real Estate short sales, foreclosures and regular listings as soon as they come on the market, please visit our website at http://www.SueWeaver.com/Ft_Lauderdale_Beach_Listings/page_...
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By William E. Lewis, Jr. - Bill Lewis, Bill Lewis - Vero Beach, Florida
(William E. Lewis, Jr. & Associates)
Barely a year into Florida's enforcement of the federal Real ID Act of 2005, an act that requires multiple pieces of identification to renew or obtain an original driver's license or state identification card, the law continues to confuse people. In response to the 9-11 terrorist attacks that killed more than 5,000 people at the World Trade Center in New York City, the Pentagon in Washington D.C. and on a hijacked airliner that crashed in southwestern Pennsylvania, Congress passed The REAL ID Act of 2005. Signed into law by President George W. Bush on May 11, 2005, federal officials attempted to ensure the goal of "one person, one license," and focused on driver licenses and state identification cards after learning that the hijackers had multiple ID's from several states. Requirements ...
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By Eric Miller, Award Winning Fort Lauderdale Real Estate
(FortLauderdaleGroup at eXp Realty)
The names have been changed to protect the innocent; the story is told to educate those who will read it about the Ft Lauderdale Real Estate market. If one reader anywhere better understands how hard Realtors work, or gets a laugh out of reading it, then it was worth writing.  If one realtor reminds themselves that prequalifying a buyer is one of the most important parts of the process that it was well worth writing. And last but not least, if one person out there searching for a home thinks the deal they found, in the back of their mind maybe, too good to be true, and say it a second time, then I am sure it was worth writing. I do understand that there are certain things that make the Fort Lauderdale Real Estate market unique, and Realtors from different markets may find some of this s...
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By William E. Lewis, Jr. - Bill Lewis, Bill Lewis - Vero Beach, Florida
(William E. Lewis, Jr. & Associates)
You may be just a mouse click away from learning if the state has lost treasure in your name. Chief Financial Officer Jeff Atwater's Department of Financial Services holds unclaimed property accounts valued at more than $1 billion. Between record unemployment, the increasing use of food stamps, emergency cash assistance and government subsidies, Floridians are turning to the Internet in search of missing or unclaimed property. With over $33 billion in unclaimed funds nationwide, the most popular search terms on Google, Yahoo, Bing and AOL are "missing money" and "unclaimed funds." Even social networking sites like Facebook and MySpace have pages on how to find missing money. Since the program's inception in 1961, the Bureau of Unclaimed Property has reunited owners or heirs of deceased ...
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By Tim Jones
(Coast Counties Realty)
While While the four sales in the past six months make the Hendricks/Venice condo market among East Ft Lauderdale's slowest, the seven pending sales do may not suggest quickening activity: only two of the 30 current listings are priced under market and moreover, the average closed sale price $249/LIVsqft) of the 31 condos sold during the last two years is 37% below the average list price ($395/LIVsqft).  Sellers may be getting the message however, as the average list price/month has declined during the past six months from $400/LIVsqft ($850,000) to $200 ($499,000).  The historical low was reached last March ($134/LIVsqft/$587,000)-a fraction of the historical high recorded in December 2007 ($656/LIVsqft/$2,130,000).  Get the details at... http://www.coastcountiesrealty.com/Reports/HI1.htm
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During the past seven months, each of the 20 Victoria Park town homes closed sold for a price well above last July's historical low of $62.79 (per living area square foot)-on average, by a factor of two higher ($159/LIVsqft), and by a factor of four below the historical high reached in March 2006 ($632).  The market for Victoria Park town homes strengthened from July through November, but December's six sales weakened (average $114/LIVsqft).  The eight pending sales average $160/LIVsqft; and of the 48 current listings ($210/LIVsqft), 16 or 33% are priced under market.  38 town homes have been listed during the past six months; average list prices/month dipped in September ($140/LIVsqft or $266,833), and increased through December ($159 or $372,467).  Get the details at Coast Counties Re...
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By William E. Lewis, Jr. - Bill Lewis, Bill Lewis - Vero Beach, Florida
(William E. Lewis, Jr. & Associates)
One day after a reported settlement between Bank of America, JP Morgan Chase, Citigroup, Wells Fargo and Ally Financial with attorneys general across the U.S. in the foreclosure epidemic, Florida Attorney General Pam Bondi released a highly critical presentation detailing legal issues surrounding the crisis. The presentation, titled "Unfair, Deceptive and Unconscionable Acts in Foreclosure Cases," was provided by the attorney general's economic crimes division during an early December conference of the Florida Association of Court Clerks and Comptrollers as an overview and was not representative of any specific misconduct. The comprehensive presentation was compiled in exploration of foreclosure malpractice and condemns banks, mortgage servicers, and law firms for contributing to the cr...
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By Karen Monsour, REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!
(Coldwell Banker Fort Lauderdale Beach)
Fort Lauderdale, Florida...need I say more? We are rockin' here in Ft. Lauderdale, Lauderdale By The Sea, and the surrounding area's on the beach!  Town is packed and people are visiting here in droves. What normally (during July, August, and September) would take me 5 minutes to go 2 miles on my trek to show condo's in the Galt Ocean Mile, took me 20 minutes today. LIFE IS GREAT! In BROWARD COUNTY, of the 11,366 condo's for sale in the entire county, only 2,815 condo's are for sale east of Federal Highway (US 1).   Of the 8,330 homes for sale in the entire county, only 1,232 are east of Federal Highway (US 1).  So life is good here in SE Florida. Let me break this down a little further: Condo's:    All over Broward County (BR = bedroom) Waterfront:  4896 Waterfront + 3 BR:  967 Waterfr...
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By William E. Lewis, Jr. - Bill Lewis, Bill Lewis - Vero Beach, Florida
(William E. Lewis, Jr. & Associates)
The Old West will come alive on Feb. 18 at the Historic Davie School House during a Western Evening focused on promoting the 8th Annual Meggan Morency Memorial Ride-a-Thon, which will be held the following weekend, and raising scholarship funds for Horses and the Handicapped of South Florida. Featuring a western-style casino, the night of dancing, dining and entertainment will be hosted by former Miami Dolphin, NBC sportscaster and radio personality Joe Rose. The evening will include a live auction with items ranging from a chance to be Sheriff for the Day to a stay at an Islamorada vacation home and an Airboat Adventure. "This will be a great opportunity for the community to come out and have fun while at the same time helping to promote awareness of the ride-a-thon and the outstanding...
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Looking for South Florida living in a neighborhood that evokes eclectic charm from a wide variety of architectural styles, waterfront living, lush tropical landscapes and homes from new townhouses, historic bungalow's and estate homes? Victoria Park may just be your place!  I have to admit, Victoria Park ranks in my top neighborhoods in South Florida personally, and one I would love to call home! So why all the hype?  Victoria Park is a neighborhood rooted with history.  The neighborhood's Civic Association says the neighborhood was founded by Albert G. Kuhn of Washington DC and named it after his daughter named Victoria.  Kuhn developed and sold hundreds of lots in the neighborhood dating back to the 1920's with prices originally ranging from just over $5000, to $125K!  For any who may...
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By William E. Lewis, Jr. - Bill Lewis, Bill Lewis - Vero Beach, Florida
(William E. Lewis, Jr. & Associates)
While 2010 has been challenging with baby Rebecca and William III joining their older sister Katherine in the Lewis household, decisions and choices for change in 2011 are proving an equal challenge. Between a growing family and commitment to several businesses and charitable causes, there is simply not enough time in the day. Struggling through tough economic times and an industry that is heavily scrutinized and frowned upon - the credit repair industry - decisions must be made. Does one continue working in an industry they have grown to hate? Does one sell the business with its perfect record and reputation within the community? Or do they simply shut down and walk away from a profitable business after a decade in existence? When you hear about credit repair companies from "reputable"...
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By Elyse Berman, PA, Boca Raton FL (561) 716-7824
(LoKation Real Estate)
Las Olas Art Fair - 23rd Annual - Fort Lauderdale - January 1 & 2, 2011 When:  January 1 & 2, 2011 Where:  Las Olas Blvd, Downtown Fort Lauderdale Time:  Saturday -  11:00 am to 5:00 pm           Sunday   -   10:00 an to 5:00 pm   The 23rd Annual Las Olas Art Fair is an outdoor art festival.  Admission is Free.  For more information please go to www.ArtFestival.com
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By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
  I am taking Jennifer Prestwich's challenge of doing 31 one things in 31 days.  Are you up for a Challenge? 31 Days of December Challenge What do you have to do?  Do 1 thing per day that would further your business.  This might be a blog post, Facebook note, tweet, text, phone call or email.  It could be a newsletter, event, or postcard. In my opinion, you should be doing this many times a day, besides your normal business, if it were showing homes or doing mortgage applications. Keeping in front of people daily is marketing and branding. But in my opinion, don't spam yourself, do it naturally and genuinely.     Day 30 - 12/30/10 For many that have been reading my 31 days of December challenge posts, you will have read that I try to network on facebook and Twitter once a day. In betwee...
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By Tim Jones
(Coast Counties Realty)
During the past eighteen months, each of the 12 properties in Nurmi Isles sold above the June 2009 historical low of $9,205/Waterfront Foot ($782,400 closed sale price).  Not including the July 2009 sale ($59,375/WFft and $5,937,500 closed sale price), the remaining 11 sales averaged $17,433/WFft and $1,957,273 closed sale price.  Prior to the July 2009 sale, the five-year historical high occurred in March 2007 ($53,529/WFft and $4,550,000 closed sale price).  While September's two sales were relatively weak (average $12,541/WFft and $1,160,000 closed sale price), November's sale was stronger than the 18-month averages ($22,222/WFft and $2,000,000).  During the past six months, discounts have ranged between 10 and 23 percent.  One sale is pending ($14,950/WFft and $1,495,950 last list p...
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By William E. Lewis, Jr. - Bill Lewis, Bill Lewis - Vero Beach, Florida
(William E. Lewis, Jr. & Associates)
The Federal Trade Commission has taken legal action against a far-reaching Internet enterprise that allegedly made millions of dollars by luring consumers into "trial" memberships for bogus government-grant and money-making schemes, then repeatedly charged them monthly fees for services they never agreed upon. According to the FTC's complaint, "I Works" utilized websites touting the availability of government grants to pay personal expenses or to pitch various money-making programs. The websites offered "free" information at no-risk with a small shipping and handling fee. When consumers provided their billing information, I Works charged them hefty one-time fees of up to $129.95 and monthly recurring fees of $59.95 for the grant or money-making programs. As a result of the I Works scam,...
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By Tim Jones
(Coast Counties Realty)
With the two closed sales last August and September, the bottom may have been reached in the Las Olas Isles.  From the five-year market top reached in February 2007 ($41,690/Waterfront Foot), property value on a waterfront foot basis ($/WFft) fell to $9,750 in August and $10,000 in September.  October's one sale closed at $31,000/WFft.  No sales in November and the three pending sales (last list price) average $22,731/WFft.  Market activity is picking up with six new listings in October and four in November.  Of the 32 properties currently listed for sale, fifteen are priced below 24, 12 and six month averages.  New List Prices on a waterfront foot basis fell to $13,809 in November from the trailing 12 month high of $52,500 in July.  Buyers can find opportunities for good deals in Las O...
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By William E. Lewis, Jr. - Bill Lewis, Bill Lewis - Vero Beach, Florida
(William E. Lewis, Jr. & Associates)
In Florida, a felony conviction means the loss of civil rights, including the right to vote, hold public office, serve on a jury, possess a firearm or concealed weapon, and the right to be employed within certain occupations. These restrictions continue to exist following release from jail, state prison or probationary sentence. While Doors lead singer Jim Morrison was posthumously pardoned by Gov. Charlie Crist and the Florida Clemency Board on indecency charges, a request by the American Civil Liberties Union and the National Association for the Advancement of Colored People for an executive order granting restoration of civil rights for citizens convicted of non-violent felony offenses fell on deaf ears. The civil rights of a convicted felon are stripped until successfully restored t...
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By William E. Lewis, Jr. - Bill Lewis, Bill Lewis - Vero Beach, Florida
(William E. Lewis, Jr. & Associates)
Losing a friend or family member is painful enough, but imagine when that friend's social networking profile at Facebook, Twitter, and MySpace continues to appear on your personal wall or in searches. In the digital age, many of us publish our entire lives through profiles, status updates, networks, photographs, blog posts, etc. With more than a million social networkers dying yearly, family, friends and service providers are stuck trying to figure out how to deal with a deceased user's digital bits. As a social networking guru with over 40,000 contacts spread across six social networks, one of them - Barry Epstein, of Boca Raton - advised that he was closing the accounts of his recently departed son. Aware of the "memorial" policies of Facebook, I was prompted to investigate the variou...
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By William E. Lewis, Jr. - Bill Lewis, Bill Lewis - Vero Beach, Florida
(William E. Lewis, Jr. & Associates)
After spending seven years in prison following his 1996 federal conviction for possession and distribution of cocaine, former Florida State Seminole and Miami Dolphin Sammie Smith has won restoration of his civil rights. Sitting as the state Clemency Board, Gov. Charlie Crist and the independently elected Cabinet voted Thursday to restore his civil rights following testimony from family members, former Florida State Coach Bobby Bowden and others. In Florida, a felony conviction means the loss of civil rights, including the right to vote, hold public office, serve on a jury, possess a firearm or concealed weapon, and the right to be employed within certain occupational specialties. These restrictions continue to exist following the completion of a jail, state prison and/or probationary s...
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By Brian Geraghty, Short Sale Expert, 954-790-2602
(David Wain Realty, LLC)
  SELLING YOUR FIRST PLACE? You Have Not Chosen Your Realtor® Yet? Then HGTV is looking for you!  MY FIRST SALE, the popular primetime HGTV show, is looking for first-time home sellers (and their real estate agents!) in and around ft. Lauderdale and surrounding areas. We are looking for fun, high-energy people who are just starting the process of selling their first place!  Our cameras will be there to capture all the trials and tribulations, stress and success of prepping for sale, pricing, negotiating, and ultimately selling a home for the first time. Taping will begin in Fall 2010 and will continue through Spring 2011.  Ideal candidates will be motivated, financially candid people who want to share the experience and the SALE details with HGTV and their audience.  Singles, couples a...
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