Understanding a Four Point Inspection for Insurance

Foreclosures , Fort Lauderdale Homes , Home Improvement Leave a Comment

When you become a homeowner, you need to understand many new things from basic home maintenance to your homeowners’ insurance policy. Along with your insurance, you should understand what a four point inspection is, especially if you own a home that’s 30 years or older. This also goes along with bank foreclosures and many other types of properties. A qualified … Read More

RealtyTrac: Fort Lauderdale South Florida foreclosures rank # 11

Foreclosures 2 Comments

Blog administrator comments: Fort Lauderdale/Miami and South Florida foreclosure momentum continue to grow.  Until the banks become more efficient in dealing with the home and condo foreclosure and short sale process; are willing to expedite the sale of their distressed properties, foreclosures in South Florida will continue to depress prices. Short sales and REO home & condo inventory continue to rise. … Read More

FLORIDA CONDO LEGISLATION WILL REQUIRE BANK FORECLOSED CONDOS TO PAY HIGHER SHARE OF OUTSTANDING MAINTENANCE FEES

Foreclosures 1 Comment

Blog administrator comments: Good news for Fort Lauderdale, Florida Condo Owners. A new Florida bill will require banks to pay up to 12 months of outstanding maintenance expenses or 1% of the original mortgage balance. This is a long overdue change in our condo laws that will influence a bank to expedite the sale of their foreclosure  short sales and … Read More

Foreclosure Estimate Falls, Banks May Possess Fewer Homes, but Figure Likely to Rise

Foreclosures 1 Comment

Blog administrators article comments: the initial good news that this article discusses is the fact that banks now realize that their foreclosure inventory is less than they previously predicted. The article discusses that Barclays Bank expects the foreclosure inventory will rise over the next 20 months peaking at approximately 536,000 in January 2012. Of course Florida is one of the hardest … Read More

South Florida’s Condo Crisis and what’s ahead

Foreclosures , Homes for Sale , Housing Market , Real Estate , REO and Short Sales 1 Comment

Personal comments regarding the recent article written in the Sun Sentinel newspaper on April 17, 2010 that you can read below. The Sun Sentinel article discusses trends that will benefit both buyers and sellers. For buyers, prices are obviously once again very affordable. We have had price adjustments reflecting market conditions as much as 50%. Of course this depends on the specific … Read More