Early Modification is the word

For those thousands of homeowners out their facing tough financial times, here’s some good news.
In the past you had to miss two or three payments before the mortgage company would talk to you about a loan modification. Now, Fannie Mae- Responsible for about 18,000 home loans, will allow borrowers facing tough financial times to request [...]

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New Condominium Laws: What Condo Commando’s might not want you to know.

For those who currently live in or will move to a condominium (One of the roughly 25,000 units in the tri-county areas), this is for you.
The Condominium Act (Chapter 718 F.S.) has been significantly amended for present and future residents.
Like just about all written statutes, there are pockets of ambiguity and issues that are open [...]

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Credit Scoring

Credit Score- a mathematical model, can make you or brake you. It is a lenders table of measure and should be your main concern if you care about  your money. The score can determine the fees, interest rates and terms you will be offered, or not.
Remember the following:
35% The Way You Pay
Your credit history is [...]

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Credit Report. Get it!

So many people are being affected by the credit crunch these day’s, I thought a reminder that you can get your credit report for free from the three leading credit reporting companies  would be in order.

Go to it. http://annualcreditreport.com/
P.S. Don’t fall for the subscription pitches if you don’t need the additional services.
For professional advise on [...]

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A Short on the Short

As you know, property tax, foreclosure and short sale are the dominant words for 2007/2008. I’ve covered these subjects in previous posts, however, short sales, now it seems, are running neck and neck with foreclosures these days.
Many people did very well buying and selling real estate while home values rose year after year  and home [...]

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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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