Nearly 40% of home sale are Foreclosure

Everyday people ask me “are you selling houses?”   Absolutely we are selling , our challange is not selling but closing.  Approximately 40% of Dade County inventory is in the foreclosure process. In one of two sales, my office needs the approval of the bank in order to close, in the best of circumstances this is an [...]

“Fueled by overseas buyers, condo sales soar” Miami Herald-5/12/10

  The fact that everyone has an opinion is most evident when listening to various real estate market projections;expert or otherwise. This Miami Herald article quotes some interesting statistics supporting that TODAYS real estate market is better than the same time last year…..thank goodness…but let’s not go crazy out there!!! Soar??!! This is the kind [...]

What is really going on in the world of Loan Modification? Is it for you?

As President Obama continues to try and find a means to the end of the mortgage crisis he remains at the mercy of banks and their process management.  You don’t have to look far to hear the personal stories of those desperate to work something out with their lender.  After months of effort and mounting [...]

Short Sale – What’s it all about?

The marketing of a short sale is not much different than that of a regular sale, but  the contract and closing process are extremely different.  If ignored it can result in a road to nowhere but foreclosure. The Seller There are definite advantages to short sale vs. foreclosure; when considering your options it might be [...]

Northeast Miami Real Estate Market Report

Interest rates are the lowest they have been in 30 years…think about that…  30 YEARS!! Market Inventory Tightening up in the first quarter of 2010′ there are a good deal of buyer prospects under $400K, and a fair share of prospects in the higher price range, although they are treading the market softly. Short sales [...]

An Overview of the Housing and Economic Crisis and Why There Is More Pain to Come

The collapse of the U.S. housing market, the world’s largest debt market, is the defining economic event of our lifetimes. This presentation explores what happened and why, where we are today, and what the future likely holds.