Good news for homeowners facing foreclosure!
Related Posts: Foreclosures, Real Estate News
hiFannie Mae just released a new policy named “Deed for Lease Program” under which thousands of homeowners that are facing foreclosure will have the opportunity to remain in their homes as tenants.
Under the ”Deed for Lease” program, borrowers can transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions after that.
If you have [...]
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Are Hedge Funds just as illiquid as real estate is traditionally?
Related Posts: In The News, Real Estate News
hiI encourage you to read the article published by Wall Street Journal today April 10th, 2008 with the title “Hedge Funds make it hard to Say Goodbye”
The article starts with the following comments:
“If you thought getting into a hedge fund was tough, try getting out of one.
With the markets sputtering, some high-profile hedge funds [...]
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Efforts to lower property taxes in Miami-Dade county catch a second wind!
Related Posts: In The News, Real Estate News
hiThanks to the “Florida Tax Budget Reform Commission” (TBRC) which was created by the “Florida Constitution Article XI Section 6″ – commission meets this year and every 20 years thereafter – with the objective to examine the tax and spending policies of the state, and if deemed necessary, make recommendations for change to the Florida [...]
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$6,500,000 marks the highest priced condo listings in the Brickell Area of Miami FL
Related Posts: Downtown Brickell, Real Estate News
hiThe Asia in Brickell Key and the Jade in Brickell share the top spot for the highest priced condos for sale in the Brickell Area as of Sunday April 6th, 2008. READ MORE
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Mortgage Forgiveness Debt Relief Act of 2007
Related Posts: Foreclosures, Mortgage News, Real Estate News
hiThe Mortgage Forgiveness Debt Relief Act of 2007 (MFDRA07) allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your principal residence. READ MORE
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Bath Club Villa #4 sold for 24.7% discount to its original listing price!
Related Posts: Condo Communities, Miami Beach, Real Estate News, South Florida Market Stats
hiThe second sale for 2008 and also in March.
Are 24% plus discounts attracting Buyers to the Bath Club?
Villa #4 at The Bath Club in Miami Beach sold last 28th March 2008 for $6,700,000 or $1,175 Sq Ft. after being listed for sale for approximately 430 days or 14.3 months. The selling price represents a discount [...]
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Lowest priced highest floor Condo in Santa Maria on Brickell Ave. Miami FL
Related Posts: Condo Communities, Downtown Brickell, Real Estate News, South Florida Market Stats
hiThe lowest priced highest floor Condo in the Santa Maria building is selling for $1,495,000 or $686/SqFt. This 2/2/1 recently converted to 3/2/2 offers 2,180 Sqft (202.5 SqMtrs) of living area with an additional 439 SqFt or 40.1 SqMtrs of terraces facing Biscayne Bay. READ MORE
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$419/Sf for lowest priced Condo at the Bath Club, Miami Beach FL
Related Posts: Condo Communities, Miami Beach, Real Estate News
hiThe price for Condo unit #908 with 2 bedrooms, 2 1/2 baths on 1,904 SqFt has been reduced to $797,000.00 or $419/SqFt. As of April 3rd, 2008 the unit has been in the market for 84 days (almost 3 months) and has been discounted 10.45% from the original listing price of $890,000.00 READ MORE
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Bath Club condo sold for a 27% discount to its original listing price!
Related Posts: Condo Communities, Miami Beach, Real Estate News, South Florida Market Stats
hiThe Bath Club in Miami Beach saw its first condo sale of 2008 with unit #1105 which closed on March 25th for $2,400,000 or $630 Sq Ft. after being listed for sale for approximately 804 days or 2.3 years. The selling price represents a discount of 27% from the original listing price of $3,290,000 set [...]
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Two new investment funds target real estate market opportunities!
Related Posts: In The News, Real Estate News
hiBusiness Wire reported recently that ARE Asset Management, a Miami-based company, has launched two offshore investment funds targeting the commercial and residential real estate markets in the US. READ MORE
