On Contingencies

Contingencies on a contract are conditions that must be met in order for the sale to go through. The most common ones in residential real estate are for inspections and financing.
An inspection contingency protects the buyers. It gives them the right to inspect the property to there liking. If the buyers find it unsatisfactory to [...]

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HAPPY NEW YEAR!

Theme for 2008. Accept it, or join the foreclosure line!
For professional advise on all aspects of buying or selling Real Estate, please contact me Richard Recuset at-786-287-9272 -email: RecusetRealEstate@Gmail.com  
The Recuset Group

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Some Relief for Those Less Fortunate

The National Association of Realtors® thanked President George W. Bush for signing the Mortgage Forgiveness Debt Relief Act into law. The president offered a Christmas present to many people who have suffered the agony and humiliation of losing their home due to a short sale, foreclosure, deed in lieu of foreclosure or any similar arrangement [...]

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Clean contracts may be a thing of the past

We (real estate agents) often talk about the merits of a clean contract. A clean contract, or an offer to purchase is simple and straight forward – one that’s not complicated by lots of contingencies.
In a tight market, those with hang ups (contingencies) lose to the quickest and cleanest offer. In a soft market, [...]

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Mortgage Insurance premium is deductible

 
A break for borrowers (the few that qualify) paying a m0nthly mortgage insurance premium. President George W. Bush signed shortly before the close of 2006.
Some of the provisions:
One Year Term. The deductible applies only to Mortgage Insurance policies issued in 2007 for homes purchased in 2007. It doesn’t apply to premium payments for policies [...]

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