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Archive for the ‘Tip of the week’ Category

New rules and restrictions are coming. Zero down-no more…..
Affected loans are:

Mortgages for certain second home purchases.
Short-term construction loans that convert to permanent mortgages.
Cash-out refinances.
Investment loan applications where the buyer already owns at least three other rental properties.
Loans with anything less than full documentation of borrower income, credit and assets.
Too new credit with thin files.

Freddie Mack [...]

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A Steal of a deal!
There is this 1/1, a corner unit, overlooking the pool of the  Met1,
waiting for you. Designer ready!
This would be below builders prices. Don’t delay! It would have to be a cash deal!!!! 
  (Only Unit under $300,00)   
                      $215,000

Motivated Seller!
This unit wont be listed in the MLS. Buyer can’t close. Just wants out. [...]

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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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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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I know some of you, not all, are sitting on the sidelines
of the real estate game, waiting for the right moment to score on a deal. Right!,
Well, I believe I have one for you.
There is this 1/1, a corner unit, overlooking the pool of the  Met1,
waiting for you. Designer ready!
You could have this unit for [...]

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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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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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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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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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Matal roofs in the city are approved only south of South Dixie Highway and only for 90 days, after which applications for such roofs would be suspended.  
The commission approved the compromise measure as a way to gage the impact of the new law without moving forward with a citywide law. The concerns are that approving for the [...]

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