There will be no “free houses” for Floridians who have defaulted on their mortgages but continue to live in their homes without paying. In a major opinion, the Florida Supreme Court has ruled that lenders can resume foreclosing at any time, even if they have taken no action in years. Previously, they had to act …
Category Archives: Real Estate
Small brokerages carve out niche in Northeast Florida real estate industry
The distinctly homey vibe at the two-room office Lee Norville opened 30 years ago in his hometown is no accident.For example, the weekly sales meetings at 1938 Hamilton St. near Avondale always start with a prayer and sometimes end with a group hug. The meeting agenda calls for the small cadre of Realtors to share …
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Distressed home sales in Tampa Bay still high despite improving market
Distressed sales — foreclosures and short sales of homes sold for less than the amount owed — accounted for 17.3 percent of bay area sales in May. That was more than twice the national rate and the third highest rate among the 25 largest metro areas, CoreLogic reported Tuesday. Only the Baltimore and Chicago regions …
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Benefits of buying a home, or renting
This is an increasingly common question in our financial planning practice. We find that most of the families we deal with (including some of our own) think that rent money is “thrown away.” This belief is often quite wrong. When you add up the cost of owning a property, you will find that it is …
These real estate agents cut their commissions
A new Jersey company said it’s expanding into South Florida with a service that allows home sellers to avoid “the hassle and awkwardness” of negotiating lower commissions with real estate agents.Less Percent Real Estate pairs sellers with local agents who already have agreed to accept less than the typical 6 percent commission. Sellers can use …
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5 Tips for Investors With Limited Cash to Purchase Their First Properties
At trillions of dollars, it’s no secret that the real estate market has been one of primary resources for the world’s wealthy to to pad their accounts. But contrary to popular opinion, real estate is still a desirable asset class for entrepreneurs with smaller bank accounts. Individuals who budget wisely and do their research can …
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