In a push to simplify mortgage modifications and assist homeowners that could not previously qualify under the traditional modification and Making Home Affordable Program, the FHFA (Federal Housing Finance Agency) announced on March 27, 2013, a new simplified modification program. Called the Streamlined Modification Initiative, the program was created for all Fannie Mae/Freddie Mac backed loans, to […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-04-05 09:04:062022-12-20 13:59:36FHFA ANNOUNCES NEW STREAMLINED MODIFICATION PROGRAM INITIATIVE
Recall the days back in 2005, 2006 and 2007 when financing was given away, no questions asked? Verification of Employment and Verification of Income unheard of. And banks were offering 97 percent to home buyers? Well, as much as we all lamented the bubble bursting and values plunging, the shortage of inventory in South Florida […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-03-21 16:38:412022-12-20 13:59:40THE RETURN OF 97 PERCENT FINANCING IN MIAMI
CoreLogic reports that in the 4th Quarter of 2012, over 200,000 properties came up from being “underwater” and a total of 1.7 Million homes in all of 2012. Source: DS News.com To read the full article go to www.dsnews.com/articles/corelogic-17m-homes-moved-into-positive-territoy-in-2012. What does this mean for those selling… that it is once again a sellers market. That […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-03-20 20:04:222022-12-20 13:59:211.7 MILLION HOMES MOVED ABOVE WATER IN 2012
Many things need to be considered when buying a property, regardless of whether your plans are to live in it or whether it is an investment. 2013 marked a year of many changes in the tax code by the Internal Revenue Service, including changes as to how mortgage interest income can be deducted and reported […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-03-19 10:35:132022-12-20 13:59:41WHAT YOU NEED TO KNOW BEFORE BUYING A PROPERTY
William P. D. Pierce of Coldwell Banker Residential Real Estate has successfuly sold the highest most expensive condominium in Miami’s History. The sales price of the Penthouse located at 1601 and 1602 The Residences at The Miami Beach EDITION has sold for $34 Million. Designed by famed architect John Pawson, the units boast a 360 […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00Jacqueline Salcineshttps://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngJacqueline Salcines2013-03-06 16:40:452022-12-20 13:59:43MOST EXPENSIVE PENTHOUSE IN MIAMI HISTORY SOLD FOR $34 MILLION
One of the most prestigious sporting events in Florida is set to begin. The SONY ERICSSON OPEN Tennis Tournament, held every year in Crandon Park, Key Biscayne runs this year from March 18 to March 31, 2013. This tournament boasts the likes of numerous celebrities and the rich and famous, all down in South Florida to […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00Jacqueline Salcineshttps://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngJacqueline Salcines2013-03-06 10:44:082013-03-06 10:44:08SONY OPEN TENNIS MARCH 18-31
Deciding to purchase a home, for many, is the single most costly decision of their lives. Immediately followed by financing our children’s college education, perhaps? Therefore, such a decision is not one to take lightly. While we all know when it is time to buy (either you have outgrown your current home, looking to relocate, better […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00Jacqueline Salcineshttps://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngJacqueline Salcines2013-03-01 14:46:112022-12-20 13:58:40WHAT YOU SHOULD KNOW BEFORE BUYING A HOUSE
Florida is one of the very few states that does not tax its residents individually on their income and wages earned. It is only one in seven states that does not. This means that any resident in Florida will pay income tax to the IRS on income and wages earned, however, will not be doubly taxed […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00Jacqueline Salcineshttps://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngJacqueline Salcines2013-02-27 22:07:432013-02-27 22:07:43DID YOU KNOW THAT FLORIDA HAS NO INDIVIDUAL INCOME TAX
The Wall Street Journal has reported that the Rising Prices of Homes has drastically shrunk the ranks of Underwater Borrowers”. Source: The Wall Street Journal February 25, 2013. To read the full article click the following link: http://blogs.wsj.com/developments/2013/02/21/rising-prices-shrink-ranks-of-underwater-borrowers In fact, according to the Article, and citing from reports by Zillow, “around 2 million homeowners moved […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00Jacqueline Salcineshttps://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngJacqueline Salcines2013-02-27 22:05:122022-12-20 13:59:37HOMEOWNERS HAVE EQUITY AGAIN
It is estimated that 40 percent of loan modifications fail and the borrowers default the first time around. It is no surprise, as many are locked into a price that they can afford. However, due to the fact the Making Home Affordable HAMP Program obligates the borrowers to include escrows (taxes, insurance and PMI) in […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00Jacqueline Salcineshttps://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngJacqueline Salcines2013-02-24 19:14:192022-12-20 13:59:36LOAN MODIFICATIONS MAKING A COMEBACK
FHFA ANNOUNCES NEW STREAMLINED MODIFICATION PROGRAM INITIATIVE
Foreclosure, Loan Modifications, Real EstateIn a push to simplify mortgage modifications and assist homeowners that could not previously qualify under the traditional modification and Making Home Affordable Program, the FHFA (Federal Housing Finance Agency) announced on March 27, 2013, a new simplified modification program. Called the Streamlined Modification Initiative, the program was created for all Fannie Mae/Freddie Mac backed loans, to […]
THE RETURN OF 97 PERCENT FINANCING IN MIAMI
Luxury Real Estate Market, Mortgage Interest, Mortgage ReliefRecall the days back in 2005, 2006 and 2007 when financing was given away, no questions asked? Verification of Employment and Verification of Income unheard of. And banks were offering 97 percent to home buyers? Well, as much as we all lamented the bubble bursting and values plunging, the shortage of inventory in South Florida […]
1.7 MILLION HOMES MOVED ABOVE WATER IN 2012
Equity, Miami Real Estate Deals, Mortgage Interest, Mortgage Relief, Real Estate, Short SalesCoreLogic reports that in the 4th Quarter of 2012, over 200,000 properties came up from being “underwater” and a total of 1.7 Million homes in all of 2012. Source: DS News.com To read the full article go to www.dsnews.com/articles/corelogic-17m-homes-moved-into-positive-territoy-in-2012. What does this mean for those selling… that it is once again a sellers market. That […]
WHAT YOU NEED TO KNOW BEFORE BUYING A PROPERTY
Luxury Real Estate Market, Miami Real Estate Deals, Mortgage Interest, Real Estate, Real Estate Investments, Taxes, UncategorizedMany things need to be considered when buying a property, regardless of whether your plans are to live in it or whether it is an investment. 2013 marked a year of many changes in the tax code by the Internal Revenue Service, including changes as to how mortgage interest income can be deducted and reported […]
MOST EXPENSIVE PENTHOUSE IN MIAMI HISTORY SOLD FOR $34 MILLION
UncategorizedWilliam P. D. Pierce of Coldwell Banker Residential Real Estate has successfuly sold the highest most expensive condominium in Miami’s History. The sales price of the Penthouse located at 1601 and 1602 The Residences at The Miami Beach EDITION has sold for $34 Million. Designed by famed architect John Pawson, the units boast a 360 […]
SONY OPEN TENNIS MARCH 18-31
UncategorizedOne of the most prestigious sporting events in Florida is set to begin. The SONY ERICSSON OPEN Tennis Tournament, held every year in Crandon Park, Key Biscayne runs this year from March 18 to March 31, 2013. This tournament boasts the likes of numerous celebrities and the rich and famous, all down in South Florida to […]
WHAT YOU SHOULD KNOW BEFORE BUYING A HOUSE
Miami Real Estate Deals, Real Estate, Real Estate Investments, UncategorizedDeciding to purchase a home, for many, is the single most costly decision of their lives. Immediately followed by financing our children’s college education, perhaps? Therefore, such a decision is not one to take lightly. While we all know when it is time to buy (either you have outgrown your current home, looking to relocate, better […]
DID YOU KNOW THAT FLORIDA HAS NO INDIVIDUAL INCOME TAX
UncategorizedFlorida is one of the very few states that does not tax its residents individually on their income and wages earned. It is only one in seven states that does not. This means that any resident in Florida will pay income tax to the IRS on income and wages earned, however, will not be doubly taxed […]
HOMEOWNERS HAVE EQUITY AGAIN
Equity, Foreclosure, Loan Modifications, Miami Real Estate Deals, Mortgage Relief, Real Estate, UncategorizedThe Wall Street Journal has reported that the Rising Prices of Homes has drastically shrunk the ranks of Underwater Borrowers”. Source: The Wall Street Journal February 25, 2013. To read the full article click the following link: http://blogs.wsj.com/developments/2013/02/21/rising-prices-shrink-ranks-of-underwater-borrowers In fact, according to the Article, and citing from reports by Zillow, “around 2 million homeowners moved […]
LOAN MODIFICATIONS MAKING A COMEBACK
HAMP, Loan Modifications, Mortgage Relief, UncategorizedIt is estimated that 40 percent of loan modifications fail and the borrowers default the first time around. It is no surprise, as many are locked into a price that they can afford. However, due to the fact the Making Home Affordable HAMP Program obligates the borrowers to include escrows (taxes, insurance and PMI) in […]