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Miami, FL Real Estate News

By Daniel Hornek
(Barclay's Real Estate Group)
The Wind By Neo in MiamiEnter website: Wind by Neo MiamiEnter condos listings: Wind BY Neo CondoDeveloper: Neo Epoch I Corp.&Downtown River Village,LLCArchitect: Revuelta, Vega, Leon P.A.Description: Three Phase Residential, office, retail and river walk development.Type: CondosWind Bay Neo condo Units: 489  Floors: 41Number of Bedrooms: 1,2 & 3Unit Sq. Ft. Range: 812 - 1,617   See FloorplansPrice Range: See condo listingsAmenities: Temperate Controlled Pool, ExoBathTM, Sky Bar, Meditation Garden, Bonfire Cove, Business Center and, Conference Room, Racquetball Court, Pet Friendly Environment, 24 hour Concierge, Parking Valet Construction Date: Spring 2005Estimates completion Date: Spring 2007 mid 2008   Miami Condos Search
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By Adrian Salgado
(DASH - A Real Estate Company)
Is vehicular traffic getting more and more congested with each passing day? Does the price of gas make you think twice about idling in traffic on your way to visit frenemies? Does the young lady cruising in the Kia Spectra while “texting” her boyfriend and applying Maybelline Pink Diamonds #430 on I-95 scare you more than the thought of a Caucasian president in 2009? You may be in need of a secret road. One that allows your right foot to apply more pressure to accelerator and less wear on brake pads. One that doesn’t take your blood pressure to 160/110 in 3.2 seconds. One that doesn’t make you reach for that double-shot bottle of Black Label resting in the glove compartment (along with plastic spoons from Wendy’s, napkins from Starbucks, condoms from LifeStyles, and other unidentifiable...
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By Philippe Diener
(Brown Harris Stevens)
Mortgage applications slip as rates rise According to the Mortgage Bankers Association's weekly application survey, volume fell 15.3% during the week ended May 30.June 4, 2008: 9:46 AM EDTWASHINGTON (AP) -- Mortgage application volume fell 15.3 percent during the week ended May 30, according to the trade group Mortgage Bankers Association's weekly application survey.The MBA's application index fell to 502.3 during the week, from 593.3 the previous week. The results were adjusted to account for the Memorial Day holiday.Refinance volume declined 25.7 percent, pushing total volume lower. Refinance applications accounted for 40.6% of total applications, down from 46.1% a week earlier.Purchase volume declined 5.4%. The index peaked at 1,856.7 during the week ended May 30, 2003, at the height...
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By Investor Realty Group, Local Expertise with a Global Reach
(Investor Realty Group, LLC)
  The National Auctioneers Association awarded me the prestigious designation of Accredited Auctioneer of Real Estate (AARE). The Institute's AARE program educates and trains real estate and auction marketing professionals in ways that enhance their client services. Course topics include legal issues, financial analysis, property transfer, as well as case studies on the sale of residential, commercial and industrial real estate using the auction method of marketing. There are currently fewer than 350 designees - fewer than 1 percent of all North American auctioneers - who hold the AARE designation. According to the National Auctioneers Association, residential real estate auctions, the fastest-growing sector of the auction industry, grew by 5.3 percent during 2007. Real estate continue...
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By Carlos Garcia
(Keyes)
Despite the issues affecting South Florida homes and the country’s real estate market, buying investment property remains one of the most profitable investments available. During market upswings (as evidenced circa 2002) investment property can generate incredible returns but anyone considering investing should note that investing involves a lot more than simply finding the nicest Miami Beach property money can buy and having a large reserve of money in the bank. Evaluate your commitment. A quick and painless profit like the ones many investors seized upon back when Florida real estate was hotly in demand is no longer the case so anyone considering investment property must be sure that they’re in it for the long haul and it may take some time before the returns start coming in. Stay aw...
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By Museum Park
(Museum Park Realty)
As the real estate and housing market inches closer every day to 2009, many followers are sitting on pins and needles waiting to see if the NAR predictions touting an increase in buying and selling activity in South Florida homes and around the country as the year comes to an end hold true. Surprisingly, it appears these predictions may be happening sooner rather than later. The month of April saw another modest increase in home sales to a little over 500,000, a similar trend that occurred in February. This represents an increase of just over three percent from the month of March. When compared to last year however, the drop in sales is considerable which is sure to give critics more ammo to say how things are going from bad to worse. Home buying may also be showing encouraging signs as...
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By Philippe Diener
(Brown Harris Stevens)
Why the Smart Money Rents in MiamiMay 24, 2008 11:45 a.m. MIAMI - Maybe the smart way to play the real-estate crash is to come down here and rent.You can live in an amazing, brand-new condo, high above Biscayne Bay, for about $2,000 a month. And there are plenty of desperate owners who need the income. The cash doesn't come close to covering all their costs. For this money, you can get a two-bedroom home on the 20th floor with a wraparound balcony and stunning views of the bay. And I mean the kind of views that make your jaw drop. This is millionaire stuff. You'll have at least one private pool in the building, along with saunas and fitness centers and all sorts of other conveniences. Of course, you have a 24-hour concierge and valet parking. Many have private cinemas, bars, restaurants...
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By Adrian Salgado
(DASH - A Real Estate Company)
I stumbled upon Arlington Miami in front of the Bayfront Amphitheater in Downtown Miami this past Sunday afternoon on my way to Bayside Marketplace from the College/Bayside station of the Metromover. It made me stop. In a city sorely lacking in art in public places (unless you count the roosters on Calle Ocho), I found Arlington Miami to be quite refreshing. It made me uncomfortable, piqued my curiosity, provoked thought and put things in perspective all in a span of 20 seconds. Best of all, it was there for all to see. For free. My salute to all the soldiers that have carried and continue to carry the weight of the stars and stripes on their broad shoulders. Thank you. My condolences to the families dealing with the loss of a fallen hero. Disclaimer: I am not affiliated with Democracy...
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By Noel Padilla, CDPE
(J. Luis Properties, Inc.)
Usually when clients call me regarding my services, they have missed a few payments and they are in various states of the foreclosure process. I will try to explain what can be done to avoid foreclosure.They are only a few options and here is a quick list:1. Reinstatement-This where the homeowner reinstates the mortgage by paying up all missed payments and    fees and becomes current with the mortgage. After all the fees have been payed up then the homeowner can      continue to pay the mortgage payments as they had. 2. Forbearance-More commonly known as a re-payment plan. Allows the homeowner to negotiate a re-payment     of missed payments and fees to reinstate the mortgage.3. Sell The Property-If there is equity in the property then the home can be sold and the foreclosure can be    ...
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By Investor Realty Group, Local Expertise with a Global Reach
(Investor Realty Group, LLC)
While real estate auctions continue to grow, accounting for over $60 billion in annual sales, it is forecasted that auctions will represent approximately     1 in 5 sales over the next 5 years alone. Auctions already account for close to 40% of sales in Australia and are widely an accepted form of selling real estate in the UK and much of western Europe. How? We firmly believe that real estate auctions are a win-win proposition for all parties. Here are just a few reasons why as a seller, an Auction may just be the perfect solution for you. •·       Buyers come fully prepared to buy •·       Closings typically occur within 30-45 days following the Auction date •·       Your Auction should enjoy competitive bidding from pre qualified bidders •·       Properties are sold "AS IS" •·       ...
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By Noel Padilla, CDPE
(J. Luis Properties, Inc.)
Back in March of 2007 I felt compelled to enter the foreclosure market because I quickly realized it would be the only market in my area and most of the country. I hate to say it but my predictions are coming to frutation and I am afraid this is only the beginning.I have put together this blog to provide timely information that is interactive for the public to use without the pressures of a sales pitch. I provide real life solutions to difficult financial situations in regard to impending foreclosure or distressed property sales.In the end, if you find yourself in one of these trying situations, you have to ask yourself one question-What options do I have for me and my family? If I have done my job providing concise accurate information, the answer should be pretty simple-contact a prof...
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By Noel Padilla, CDPE
(J. Luis Properties, Inc.)
Before we can define what a Certified Distressed Property Expert is, we need to define what a distressed property is. A property can become distressed for a variety of reasons but the most common is a foreclosure. Any situation that has caused a property owner to have difficulty making mortgage payments or even selling the property is said to be in a distressed state. Basically any property which has foreclosure looming.Now that we have defined a distressed property, what is a Certified Distressed Property Expert (CDPE)? This is not only a designation earned by a licensed Realtor but it is also an acronym that signals to the public that the person displaying it has gone through extensive training to successfully mitigate a foreclosure. This can be done by negotiating mortgage terms, hel...
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By Noel Padilla, CDPE
(J. Luis Properties, Inc.)
The recent rave in the real estate community seems to be the infamous 'Short Sale'. I want to take a little time and briefly explain what a short sale is how it is being used in the real estate community to liquidate distressed properties.A short sale is a phrase used to described a sale in which the cost of the product or service being sold is actually more than the sales price of the product or service in question. Another common term to describe a short sale is being 'upside down'. The term short sale has become synonymous with any real estate transaction where the lender is agreeing to accept an amount less than is owed. Short sale has other definitions in the financial sector such as when a financial instrument is sold before it is actually owned. There are other variations of the ...
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By Noel Padilla, CDPE
(J. Luis Properties, Inc.)
  Foreclosure is the means that a bank has a legal right to take possession of a property if the mortgagor (owner) has failed to live up to the commitments as outlined in the mortgage agreement. Usually a missed payment will trigger this process. Foreclosure in itself is pretty straight forward. The process doesn’t start until after the bank has failed to receive payment and has filed suit to foreclose. In Florida the legal term is Lis Pendens. Lis Pendens is the formal notice that starts the legal process. (Note: In Florida formal notice could mean a notice published in a newspaper-it doesn’t have to be actually served or given to the mortgagor in person.) Once a Lis Pendens is filed, the mortgagor is required to appear in court to answer to the allegatio...
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By Noel Padilla, CDPE
(J. Luis Properties, Inc.)
The amount of money owed to a bank after a short sale can attempt to be recovered through a suit known as a deficiency judgment. Equally important to note, if the bank sells the property for less than what was owed or the foreclosure auction nets them less than what was owed they can also file a deficiency judgment against the former owner.In terms of a deficiency judgment after foreclosure or short sale, the bank may be able to go after other assets, but any retirement funds the former homeowners have are generally protected. Especially if they invest their retirement savings in an IRA or through work in a 401(k), 403(b), then the bank can not try to seize any of these savings. However, if their retirement funds are "invested" in a second home or a other assets, then the bank may be ab...
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By Rick & Ines - Miami Beach Real Estate
(Majestic Properties)
We wanted to share a Miami real estate deal for sale now in 4 Midtown, one of Midtown Miami's new highrise buildings. This tower received its certificate of occupancy in February 2008 and people are already moving in and making this fabulous building their home. How do we define a Miami Condo Deal? In our opinion, a deal is when you can purchase a property for a lot less than similar properties in the same building. In the case of a high-rise like 4 Midtown, we look at the same line of units and see what these are priced at. A little history on the project 4 Midtown was designed by John R. Nichols of Nichols Brosch Sandoval & Associates, Inc. architects and planners, based in Coral Gables, Florida - and its concept is: Midtown's urban design is reminiscent of New York SoHo district wit...
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By Roman Pavlik
(Pavlik Real Estate Group)
As domestic real estate numbers reach record lows and the U.S. economy continues to lag real estate professionals are beginning to search abroad for customers. Canadians, Europeans and Latin Americans have all seized the opportunity to invest in valuable U.S. property during the current recession. So, what has made U.S. property so irresistible to foreign investors and why is it only going to get more intense the next couple months? The U.S. dollar has sunk nearly thirty percent against the euro, making Miami Beach condos or Coral Gables homes irresistible. When applying the thirty percent discount to a Miami Beach oceanfront condo costing $400,000 you get an astonishingly low final price of $280,000 with the added strength of the euro. Additionally, this price might be lower because of...
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By Lucas Lechuga, Miami Condos specialist
(Miami Condo Investments)
I recently got a 5 bedroom condo listing in a building called Villa Regina.  The condo has 4,100 square feet, a total of 15 rooms, 5 bedroom, 5 baths and gorgeous bay and city views.  Take a look at the post on the Miami Condo Investments Blog to read more about the 5 bedroom condo listed at Villa Regina for $1.75M. 
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By Daniel Hornek
(Barclay's Real Estate Group)
Miami Brickell Key luxurious condos are comparable to the most exclusive properties worldwide.This unique triangular shaped island is a "private little paradise". Although private and quiet, its location is privileged: 5 minutes from the Port of Miami, 15 minutes from the Miami International Airport, 5 minutes from the Miami Performing Arts Center and a gorgeous 15 minute drive to Miami Beach. This small island, is separated by few feet of water from Miami's very developed Financial District in the heart of Downtown Miami, thus making it a very desirable place to live for business men and entrepreneurs who want to avoid the tortures of rush hour commutes. As you leave the mainland and cross the small bridge to access Brickell Key, you arrive to the serenity the Island offers.  Enter we...
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By Daniel Hornek
(Barclay's Real Estate Group)
Year Built: 1982                                                 See website:  Atlantis condo Brickell Architect: Arquitectonica Number of Floors: 21 Number of units: 96 Atlantis floor plans Sq. Ft. range: 1,304 - 3,384 Beds: 2-3, Baths: 2-3 Atlantis Brickell Condo Amenities: Gated, Concierge, 24-hr Security, Covered Parking, Pool, Gym, Jacuzzi, Tennis Court, Racquetball Court.The Atlantis Condo in Miami on Brickell Avenues a worthy real estate to invest in. The Atlantis Condo provides a guard gate entry, 24 hour security, Jacuzzi, pool, tennis court, and exercise room. One can enjoy the Biscayne Bay and city views of Miami. The Atlantis Condo at Brickell is known for it's hollowed out center and deco colors.The Atlantis Condo at Brickell is perhaps Brickell's most famous building.  Bui...
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