Short Sale Do Close Quick... A recent experience with a Bank of America Short Sale and I just wanted to share. The Short Sale listed in Dec 7 2011 and on Dec 12, 2011 just 5 days active on the market before going under contract. Documents were gathered and the package was sent out within the first 30 days of listing. The lender reviewed the file and then within 32 days from the date the lender received the package it was approved and ready to close. The whole Short Sale process has completed and the property was sold with the keys in hand of the buyer is just about 75 days total. This is a great example of how Short Sale can move quickly and do… In my opinion Short Sale have put the Short back into Short Sales.   Do you find yourself sinking underwater? Are you behind on your mortgage... 05/16/2012

I just wanted to share this article I read... This is great news for Florida and 4 other states. Low inventories are starting to lift home prices with Fla. seeing 4.5% gain; Wyoming No. 1 with 5.9%   Fla. in top five for home price appreciation   NEW YORK – May 10, 2012 – Tighter housing inventories are starting to lift home prices, says Anand Nallathambi, CoreLogic’s CEO.CoreLogic’s latest home price index, which includes distressed sales, shows a slight month-over-month nationwide increase of 0.6 percent in home prices from February to March. But some markets are seeing much more of a price boost this spring, including Florida, which ranked No. 5 overall for home price increases.“This spring, the housing market is responding to an improving balance between real estate supply and deman... 05/15/2012

 As stated in the Code of Ethics: REALTORS® should dedicate themselves, and for which they should be diligent in preparing themselves. REALTORS®, therefore, are zealous to maintain and improve the standards of their calling and share with their fellow REALTORS® a common responsibility for its integrity and honor.   Based on the Code of Ethics- Standards and Practice, here are some Realtor Do’s and Don’ts when showing a property.                     Do               Do Not                                                                                                                        Do- Return appointment calls promptly Do Not-  Show without an appointment Do- Follow all showing instructions Do Not- Contact seller directly unless authorized Do- Arrive on time and leave business ca... 05/15/2012

  Then look NO further!   Here’s how it works: Your personal credit rating, largely, determines what loans you will qualify for and the interest you’ll pay. Credit ratings are not based on mathematical formulas. Instead, credit rating agencies use their judgment and experience in determining likelihood of default. Check these sites to help you find out where your credit score stands, how to fix credit problems or improve your score and tips for your credit future. Click the Blue Writing to visit each tip site.   • Fair Isaac Corp. (FICO)-- calculates credit scores determined by consumer-reporting agencies Equifax, TransUnion, and Experian. This site contains information on fixing orimproving your credit rating and has several links and tips on how to maintain your credit score. The sit... 05/14/2012

  Current Rates      This Week vs Last Week Comparison Chart   Mortgage Rates History Charts   Powered by Mortgage Rates Widget --------------------------------------------------------------------------------------------------------------- 05/13/2012

05/12/2012

I keep saying to all my sellers/buyers that inventory of homes for sale has vastly decreased in the Miami, Fl area.  I tend to get the same reaction everytime I say it... They all seem to think that I must be wrong. But as an Active agent in Miami, FL... I know my market. This is why I just had to post the following article released today.    Inventory of For-Sale Homes Posts Big Drop Daily Real Estate News | Tuesday, April 17, 2012 The nationwide inventory of residential homes for-sale dropped 21 percent in March compared to a year ago, according to newly released housing data from Realtor.com, tracking 146 metro markets. In fact, all 146 markets posted a drop in their inventory, except for two — Hartford, Conn., and Philadelphia. The nationwide median list price in March also saw impr... 04/17/2012

  Closed Sales Feb 2012      Miami-Dade County                                                        Type of Buyers   Property Type Closed Sales Cash Conv FHA VA Other     Single Family 829 47% 24% 24% 2.5% 2.5%     Condo/Townhomes/Villas 1218 79% 14.6% 3.3% 0.3% 2.8%         Click below to view the property details for closed sales.                             Single Family  Cash Closed Sales                 Single Family  Financed Closed Sales                                 Condo/Townhomes/Villas  Cash Closed Sales               Condo/Townhomes/Villas  Financed Closed Sales               Thinking of Selling? Then, contact me for you FREE market analysis. Click here to make your No obligation request.       03/29/2012

                               Code violations with no liens placed against the property are not a title issue and therefore a home can be purchased with code violations, leaving the Buyer responsible to cure the violation. It is the buyers’ responsibility to do their own homework when buying a home. In today’s online world it is not that hard as most major cities have a website where you can check code violations based on a simple address check. Also, just because a home has no recorded violations you still are not in the clear. For the buyers best protection they should have a home inspection done by a licensed inspector who can advise them if the home has any possible code violations. Hence the pharse "Buyer Beware"         03/27/2012

The 30-year fixed-rate mortgage, stays below 4 percent for the past 15 weeks and AFFORDABILITY is High. Freddie Mac reports. Here’s the scoop on mortgage rates for the week ending March 16: 30-year fixed-rate mortgages: averaged 3.92 percent, with an average 0.8 point, inching up from last week’s 3.88 percent average (which was only 0.01 percent above an all-time record low). A year ago at this time, 30-year rates averaged 4.76 percent.  15-year fixed-rate mortgages: averaged 3.16 percent, with an average 0.8 point, climbing from last week’s record reaching 3.13 percent average. Last year at this time, 15-year rates averaged 3.97 percent.  5-year adjustable-rate mortgages: averaged 2.83 percent, with an average 0.8 point, also slightly up from last week’s 2.81 percent average. Last year... 03/19/2012

Just in New Short Sale Deadlines go into effect. As part of a settlement with state attorneys general, the five largest mortgage servicers are adopting new requirements for short sales, which is expected to speed-up what has been known as a lengthy process. Here’s a glimpse at the new new requirements for servicers under the settlement:  ·        Servicers must provide borrowers with a decision within 30 days after receiving a short sale package request.  ·        Servicer’s will be required to notify a borrower, also within 30 days, if any necessary documents are missing to process the short sale request.  ·        Servicers will also be required to notify a borrower if there is a deficiency payment needed before the short sale is approved, including an approximate amount. ·        Ser... 03/19/2012

  Thinking Of Selling?   Looking To Buy?   Have A Real Estate Question?   Feel Free To Contact Me.   Click Here To Reach me...     02/28/2012

Let me explain why I am in complete and utter astonishment over the event that has transpired this President’s Day weekend…  I have been working with this really nice young couple helping them find their first dream home to start a family… We had seen several homes and finally we came across a home in their desired area that was/is perfect for them…  We had placed an offer on the home the very first day it came out. My buyers were excited and could not wait till we had a response to our offer.. So we waited, waited, and waited some more. Just when they were ready to give up…Finally at last… 32 days after we placed our offer the bank decided to accept it. The young couple was jumping for joy with excitement… Things were coming along. They hired a licensed inspector to perform a home insp... 02/21/2012

  The 30-year fixed-rate mortgage, has been below 4 percent for the past 11 weeks..   Here’s the scoop on mortgage rates for the week ending Feb 16:   ·         30-year fixed-rate mortgages: averaged 3.87 percent, with an average 0.8 point, matching last week’s average. A year ago at this time, 30-year rates averaged 5 percent.  ·         15-year fixed-rate mortgages: averaged 3.16 percent, with an average 0.8 point, also matching last week’s average. Last year at this time, 15-year rates averaged 4.27 percent.  ·         5-year adjustable-rate mortgages: averaged 2.82 percent this week, with an average 0.8 point, dropping slightly from last week’s 2.83 percent average. Last year, 5-year ARMs averaged 3.87 percent.  ·         1-year ARMs: averaged 2.84 percent, with an average 0.6 poin... 02/17/2012

30 Year Fixed Rates Hit New Lows Again Last Week! Here’s the scoop on mortgage rates for the week ending Feb 2: 30-year fixed-rate mortgages: averaged a new record low of 3.87 percent, with an average 0.8 point, dropping from last week’s 3.98 percent average. A year ago at this time, 30-year rates averaged 4.81 percent.  15-year fixed-rate mortgages: also reached new lows this week, averaging 3.14 percent, with an average 0.8 point. Last week, 15-year rates averaged 3.24 percent and a year ago at this time 15-year rates averaged 4.08 percent.  5-year adjustable-rate mortgages: averaged 2.80 percent, with an average 0.7 point, dropping from last week’s 2.85 percent average. Last year at this time, 5-year ARMs averaged 3.69 percent.  1-year ARMs: averaged 2.76 percent this week, with an a... 02/07/2012

30 Year Fixed Rates Rise But Still Below 4% This Week..   Here’s the scoop on mortgage rates for the week ending Jan 26: 30-year fixed-rate mortgages: averaged 3.98 percent, with an average 0.7 point, up from last week’s low of 3.88 percent. A year ago at this time, 30-year rates averaged 4.80 percent.  15-year fixed-rate mortgages: averaged 3.24 percent, with an average 0.8 point, inching up after last week’s 3.17 percent average. Last year at this time, 15-year rates averaged 4.09 percent.  5-year adjustable-rate mortgages: averaged 2.85 percent, with an average 0.7 point, also up from last week’s 2.82 average. Last year at this time, 5-year ARMs averaged 3.70 percent.  1-year ARMs: averaged 2.74 percent this week, with an average 0.6 point--holding at last week’s 2.74 percent average... 01/27/2012

  Through Oct., HUD will sell REO homes to owner-occupants who qualify for FHA financing, including 203k fix-up loans. In most cases Hud will also cover up to 3% closing cost.In Florida and a handful of other states, the Department of Housing and Urban Development (HUD) will sell homes it owns for only a $100 downpayment, providing buyers meet certain conditions. Buyers must plan to live in the home and pay full asking price. Buyer must also purchase home with FHA finacing. This deal also will cover those homes that require repairs that are being bought through FHA203K loan.FHA 203K loan: is a way for a buyer to borrow more than the list price and use the extra money to fix it up. By rolling the loan money plus fix-up costs into a single loan, buyers can pay it off over time with one m... 01/27/2012

Incredible deal in Miami Lakes Office Space   Highlights • 1,427 sq.ft Ground Floor • ADA approved bathroom • Kitchenette • 257 free parking spaces • Close to major expressway • Modern Office Lighting • Open floor Plan • Office/Conference Room • Bldg w/Mediterranean Style • Porte Cochere Entrance • Lobby • Villaggio in the Lakes 5801 NW 151 St, Unit 105, Miami Lakes, Fl 33014List Price: $1,600MLS # A1552993 Area 20 Available immediately! Open contemporary floor plan being used in today's enterprises with one private office . Office features a Kitchenette w/granite top, refrigerator and a ADA approved bathroom Map this Property   "Creating Clients for Life..One Closing at a Time"Yoana Toth, P.A., Associate BrokerBlue Mar Real Estate Group, Inc4000 Ponce de Leon Blvd, Suite 470 Coral Gab... 01/06/2012

The monthly cost of owning a home is more affordable now than in the past 15 years, and is less expensive than renting in many cities. Low home prices combined with low mortgage rates – hovering at 4 percent or lower – create an appealing buyer’s market, analysts say. For example, buyers today have a 77 percent increase in their borrowing power compared to 1991, according to Dan Green, a loan officer with Waterstone Mortgage in Cincinnati. He says that in 1991 a $1,700 mortgage payment allowed a borrower to take out a $200,000 mortgage. Today, at current interest rates, the homebuyer can get a $350,000 loan for that same monthly mortgage payment. According to The Wall Street Journal 12 out of 28 cities tracked showed, monthly mortgage payments on a median-priced home – including taxes a... 12/01/2011

  For the third week, 30-year fixed-rate mortgages, the most popular choice among home buyers, averaged at or below 4 percent, Freddie Mac reports. Here’s a the scoop on mortgage rates for the week ending Nov. 17. ·     30-year fixed-rate mortgages: averaged 4 percent with an average 0.7 point, rising slightly from last week’s 3.99 percent average. A year ago at this time, 30-year rates averaged 4.39 percent.  ·     15-year fixed-rate mortgages: averaged 3.31 percent with an average 0.7 point, increasing from last week’s 3.30 percent. Last year at this time, 15-year rates averaged 3.76 percent.  ·     5-year adjustable-rate mortgages: averaged 2.97 percent with an average 0.6 point, decreasing slightly from last week’s 2.98 percent average. Last year at this time, 5-year ARMs averaged 3... 11/18/2011