2009 ended and 2010 started with a flurry of activity. Buyers are realizing there's no advantange to wait any longer. Marc Roth with BusinessWeek posted an article Dec. 8, 2009 titled "If You Don't Buy a House Now, You're Stupid or Broke." Great history lesson on interest rates, how they affect loan costs, and why now is the ideal time to buy a house if you're going to. Interest rates are already starting to inch their way up in a...Continue Reading!
In The News Category
Living in South Miami, High Pines and Coral Gables – Shark attacks spearfisherman at our local beach
Shark attacks fisherman at Matheson Hammock our local beach. Matheson Hammock is a great marina, park, and beach in Coral Gables near High Pines. This is not the second coming of Jaws and won't keep me out of the water.Continue Reading!
This is my favorite time of year to enjoy South Florida living. The weather couldn’t be better. It’s refreshing to have the cooler days. Now’s the time to enjoy all of the wonderful outdoor activities Miami has to offer. Next weekend, January 9 and 10, 2010 from 10 am to 5 pm is the Beaux Arts Festival on the campus of the University of Miami. Admission and parking is free. Admission to Lowe Art Museum will...Continue Reading!
For 2010, Here is the Extended First-time homebuyers tax credit To be a candidate for the first-time homebuyer tax credit: - A first-time home buyer is anyone who has not owned a home within three years. • The maximum tax credit for married couples is $8,000.00 • The maximum tax credit for married individuals filing separately is $4,000.00. • A purchase must be under contract for a principal residence – on or before April 30, 2010. • A purchase must be under contract by April 30,...Continue Reading!
Week of December 17, 2009 Business should firmly enter Javier Souto's gutsy campaign to shine the light of day into the ugly dark corners of Miami-Dade County Hall. Although the daily press incredibly has yet to notice his drive to make the public's business more public, the former state senator has suddenly become the foremost proponent of county transparency. But he needs help, because only the most innocuous sliver of his public-spirited legislative package has advanced even a step as he plays the...Continue Reading!
Does Ben Bernanke, Chairman of the US Federal Reserve, know something about interest rates that the rest of us do not? Maybe, but the likelihood of higher interest rates in 2010 and beyond is not much of a secret! In a recent TIME Magazine interview, Chairman Bernanke says he refinanced his own mortgage a couple of months ago at 5%, and switched from a floating rate, which the Fed chairman said “exploded” in cost, to a 30-year fixed. Although the motivations to refinance your home...Continue Reading!
Week of December 10, 2009 If it was hard to get a grip on true jobs development at President Obama's employment summit last week and in his job-creation plans this week, it's understandable. Even in Miami, real impact is fuzzy. You don't have to look farther than our front-page exclusive last week, "County stimulus net: 49 jobs at $4.7 million each," shockingly inefficient federal stimulus use. Is that the best bang we're going to get for $787 billion stimulus bucks in the plan...Continue Reading!
At last options for homeowners with distressed properties. The US Department of the Treasury has unveiled the “Home Affordable Foreclosure Alternatives program (HAFA). The HAFA program simplifies and encourages short sales as an alternative to costly and expensive foreclosures. Offering eligible borrowers viable alternatives to AVOID foreclosure Providing standardized process and TIME FRAMES for handling viable alternatives Allowing pre-approved short sale terms before the property is listed and more No cost to the seller, bank pays commission If you are facing foreclosure,Cooper City, Pembroke Pines, Miramar, and south...Continue Reading!
Week of December 3, 2009 Nowhere does a tight Miami-Dade County budget bind more than in tax appeals as about 150,000 taxpayers wait for special magistrates to hear their cases. Each of those taxpayers has several hundred to several hundred thousand dollars at stake. Some have been awaiting a hearing since September 2008 — and the 2008 hearings may not finish until well into 2010. At that pace, a large percentage of 2009 property tax appeals will still be waiting in 2011. To read the...Continue Reading!
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