It’s getting COLD!!!

Why live in Florida? We recently had a buyer client that was getting an FHA loan. When a borrower gets an FHA mortgage, they can use it for a primary residence only. The mortgage department called our perspective clients and asked them why they were moving to Florida and if this home would be their primary home. They answered the person on the phone; "Have you ever lived through a north state winter?" The person on the other line answered "no". "Well", my client answered, "if you had, you'd would know that that is a ridiculous question." The question is, why would anyone want to live … [Read more...]

Short Sale Timeline

Obviously the name, short sale, does not denote the amount of time it takes to complete a short sale. We have been assisting sellers with their distressed home sales since they became common on the market from 2007. We have helped over 40 homeowners close on their short sale transactions. From the time that we put a contract together between buyer and seller, the shortest time it has ever taken to get a written short sale approval in hand has been 2 weeks. However, this has been the exception not the rule. In the beginning of 2008, we had a transaction take took 2 years from contract … [Read more...]

Lakewood Ranch, Florida

Award winning, master planned community located in east Manatee County. We are experts that can show you the Lakewood Ranch lifestyle! Lakewood Ranch is the largest green certified community in the United States. The goal was to use the most energy efficient and environmentally friendly building products in the homes since 2005. The plan saved the natural wildlife habitat and has 150 miles of walking trails. There are 3 championship golf courses that make up the Lakewood Ranch Golf and Country Club. Members have the privilege to play 54 holes at the Cypress Links, King’s Dunes and Royal Lakes … [Read more...]

Islands of Manatee & Sarasota

The area offers a rich island lifestyle with beautiful, world famous, white sandy beaches, sunsets, restaurants, shops and art activities. Manatee County has the barrier island of Anna Maria Island which encompasses Bradenton Beach, Anna Maria Beach, Coquina Beach and Holmes Beach communities. Sarasota County has the barrier islands of Longboat Ley, Siesta Key, Bird Key and Lido Key. It's St Armand's Circle is a world famous mecca for island shopping and dining. We can assist you in selling and buying island real estate, so that you may also enjoy the richness of island … [Read more...]

Short Sales

Are short sales short? Negotiating a short sale between the seller and their lender takes skill, patience, and expertise. Everyone involved in the transaction needs to know what to expect. 1. The seller's credit rating will be negatively affected after doing a short sale, but not as much as with a foreclosure. We have heard estimates of a drop of 80-100 points off one’s FICO score. That kind of drop is far less damaging than how a foreclosure can affect your credit score. 2. The seller will receive a 1099 for forgiven debt and will owe taxes on the amount on their primary home, up to a … [Read more...]