Short sales for the third and fourth quarter of 2012 reported a record high, according to a report by the Federal Housing Agency. In fact, short sales and deed in lieus were up 23 percent from the prior year 2011 while REO inventories were down by 36 percent, from their peak in 2010. Source: Inman […]
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 Salcines2013-02-04 09:12:102013-02-04 09:12:10FANNIE MAE AND FREDDIE MAC REPORT SHORT SALES HIT RECORD HIGH
2013 MAY BE THE BEST YEAR TO BUY A HOME Aside from mortgage interest rates being at the lowest in almost 30 years, and home prices still well below what they were 6 years ago (although positively climbing…good for sellers, bad for investors) numerous elements of the fiscal cliff bill favor buyers and sellers alike. […]
00Jacqueline Salcineshttps://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngJacqueline Salcines2013-01-26 17:08:382022-12-20 13:59:212013 MAY BE THE BEST YEAR TO BUY A HOME
NEW MORTGAGE RULES IN 2013 WILL IMPACT BORROWERS Last week, the Consumer Financial Protection Bureau announced new rules, known as the Qualified Mortgage (or QM for short), for mortgage financing. This new regulation, while creating a safer harbor for the lenders, reducing their risks, drastically impacts homebuyers and their ability to obtain loans. At the […]
00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-01-24 21:09:552022-12-20 13:58:40NEW MORTGAGE RULES IN 2013 WILL AFFECT HOMEBUYERS AND MAKE OBTAINING A MORTGAGE MORE DIFFICULT
CHANGES TO THE ESTATE-TAX EXEMPTION FOR 2013 Sellers of property over a million dollars should be aware of changes to the Estate-Tax Exemption in 2013. The Federal Estate-tax Exclusion amount for estates of property owners who die in 2013 increased to $5,250,000 in 2013, up from $5,120,000 in 2012, as per the Internal Revenue Service. […]
On Friday, January 18, 2013, Fannie Mae and Freddie Mac announced changes to their servicing requirements for short sales. These changes apply to all Fannie Mae and Freddie Mac short sales, with an offer and without an offer. • Title Transfer requirement change: o The buyer is prohibited from selling the property for any sales […]
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 Salcines2013-01-19 17:33:442013-01-19 17:33:44KEY CHANGES TO FANNIE MAE AND FREDDIE MAC SHORT SALES TO IMPACT INVESTORS
APPLY FOR THE HOMESTEAD EXEMPTION ONLINE It’s Fast, Easy, and Secure Miami-Dade County’s new Property Appraiser, Carlos Lopez-Cantera, is proud to announce and put into service a 100% online homestead application process. Miami-Dade Homeowners can now go online to complete the entire application process for Florida’s Homestead Exemption and for the Homestead Assessment Difference, commonly […]
MORTGAGE FORGIVENESS RELIEF ACT OF 2012 RELIEVES DISTRESSED HOMEOWNERS IN SHORT SALES AND LOAN MODIFICATIONS FOR ONE MORE YEAR Finally, Congress came to its senses, and extended the debt forgiveness benefits for qualified homeowners. Through the passage of the American Taxpayer Relief Act of 2012, qualified distressed homeowners who have any debt forgiven as a […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-01-14 10:12:272013-01-14 10:12:27MORTGAGE FORGIVENESS RELIEF ACT OF 2012 TO PROVIDE RELIEF FOR DISTRESSED HOMEOWNERS
HIRING AN ATTORNEY TO HANDLE YOUR REAL ESTATE PURCHASE IS THE WISEST THING YOU CAN DO TO PROTECT YOUR INVESTMENT. As an attorney and title agent, I find this to be the most asked question in my practice. Often times, clients do not even know that an attorney can be a title agent, or vice […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12012-11-17 08:51:562022-12-20 13:59:33Peace Of Mind
UNDERWATER HOMEOWNERS IN SHORT SALES MAY FACE HEFTY TAX IF CLOSING DOES NOT TAKE PLACE BEFORE DECEMBER 31, 2012 Most homeowners with underwater properties know far too well the advantages of a short sale. Regardless of whether there is one mortgage or two, regardless of how much you owe the bank or the condition of […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12012-09-23 20:02:382012-09-23 20:02:38Short Sales to face Hefty Tax After December 31, 2012
You can’t talk South Florida Real Estate in a vacuum; the industry is too meshed up with the economy in general Taking a bird’s eye view on where South Florida has been to where it is today, and what factors have contributed to it, helps frame the conversation more intelligently. All and all 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.pngjaspa12012-07-23 16:01:312022-12-20 13:59:31Is South Florida Real Estate Fully Recovered From the Recession?
FANNIE MAE AND FREDDIE MAC REPORT SHORT SALES HIT RECORD HIGH
UncategorizedShort sales for the third and fourth quarter of 2012 reported a record high, according to a report by the Federal Housing Agency. In fact, short sales and deed in lieus were up 23 percent from the prior year 2011 while REO inventories were down by 36 percent, from their peak in 2010. Source: Inman […]
2013 MAY BE THE BEST YEAR TO BUY A HOME
Real Estate, Real Estate Investments2013 MAY BE THE BEST YEAR TO BUY A HOME Aside from mortgage interest rates being at the lowest in almost 30 years, and home prices still well below what they were 6 years ago (although positively climbing…good for sellers, bad for investors) numerous elements of the fiscal cliff bill favor buyers and sellers alike. […]
NEW MORTGAGE RULES IN 2013 WILL AFFECT HOMEBUYERS AND MAKE OBTAINING A MORTGAGE MORE DIFFICULT
Loan Modifications, Miami Real Estate Deals, Real Estate, Real Estate InvestmentsNEW MORTGAGE RULES IN 2013 WILL IMPACT BORROWERS Last week, the Consumer Financial Protection Bureau announced new rules, known as the Qualified Mortgage (or QM for short), for mortgage financing. This new regulation, while creating a safer harbor for the lenders, reducing their risks, drastically impacts homebuyers and their ability to obtain loans. At the […]
ESTATE-TAX CHANGES FOR 2013
UncategorizedCHANGES TO THE ESTATE-TAX EXEMPTION FOR 2013 Sellers of property over a million dollars should be aware of changes to the Estate-Tax Exemption in 2013. The Federal Estate-tax Exclusion amount for estates of property owners who die in 2013 increased to $5,250,000 in 2013, up from $5,120,000 in 2012, as per the Internal Revenue Service. […]
KEY CHANGES TO FANNIE MAE AND FREDDIE MAC SHORT SALES TO IMPACT INVESTORS
Loan Modifications, Miami Real Estate Deals, Real Estate, Real Estate Investments, Short SalesOn Friday, January 18, 2013, Fannie Mae and Freddie Mac announced changes to their servicing requirements for short sales. These changes apply to all Fannie Mae and Freddie Mac short sales, with an offer and without an offer. • Title Transfer requirement change: o The buyer is prohibited from selling the property for any sales […]
APPLY FOR HOMESTEAD EXEMPTION ONLINE
Real EstateAPPLY FOR THE HOMESTEAD EXEMPTION ONLINE It’s Fast, Easy, and Secure Miami-Dade County’s new Property Appraiser, Carlos Lopez-Cantera, is proud to announce and put into service a 100% online homestead application process. Miami-Dade Homeowners can now go online to complete the entire application process for Florida’s Homestead Exemption and for the Homestead Assessment Difference, commonly […]
MORTGAGE FORGIVENESS RELIEF ACT OF 2012 TO PROVIDE RELIEF FOR DISTRESSED HOMEOWNERS
Loan Modifications, Miami Real Estate Deals, Real Estate, Real Estate Investments, Short Sales, UncategorizedMORTGAGE FORGIVENESS RELIEF ACT OF 2012 RELIEVES DISTRESSED HOMEOWNERS IN SHORT SALES AND LOAN MODIFICATIONS FOR ONE MORE YEAR Finally, Congress came to its senses, and extended the debt forgiveness benefits for qualified homeowners. Through the passage of the American Taxpayer Relief Act of 2012, qualified distressed homeowners who have any debt forgiven as a […]
Peace Of Mind
Real EstateHIRING AN ATTORNEY TO HANDLE YOUR REAL ESTATE PURCHASE IS THE WISEST THING YOU CAN DO TO PROTECT YOUR INVESTMENT. As an attorney and title agent, I find this to be the most asked question in my practice. Often times, clients do not even know that an attorney can be a title agent, or vice […]
Short Sales to face Hefty Tax After December 31, 2012
Short SalesUNDERWATER HOMEOWNERS IN SHORT SALES MAY FACE HEFTY TAX IF CLOSING DOES NOT TAKE PLACE BEFORE DECEMBER 31, 2012 Most homeowners with underwater properties know far too well the advantages of a short sale. Regardless of whether there is one mortgage or two, regardless of how much you owe the bank or the condition of […]
Is South Florida Real Estate Fully Recovered From the Recession?
Miami Real Estate Deals, Real Estate InvestmentsYou can’t talk South Florida Real Estate in a vacuum; the industry is too meshed up with the economy in general Taking a bird’s eye view on where South Florida has been to where it is today, and what factors have contributed to it, helps frame the conversation more intelligently. All and all South Florida […]