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Just Listed! 2831 N Oakland Park Dr Oakland Park, FL 33309
August 7th, 2008 4:30 PM
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$850.00
2831 N Oakland Park Dr

Oakland Park, FL 33309



Beds: 1.0 Rooms: 1
Baths: 1.00 Sq. Ft.: 862.00
Garage: 0 Built: 1992
 

NICE AND RESORT STYLE COMMUNITY, GREAT 3RD FLOOR 1 BED/1 BATH CONDO, WASHER AND DRYER IN UNIT, CARPET THROUGHOUT, CLEANED AND READY TO MOVE IN. AMMENITIES INCLUDES, 3 POOLS. BBQ AREA, FITNESS CENTER, CLOSE TO I-95
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Heriberto Lopez
Ocean View Intl. Realty
9546006341
www.freefloridahomesales.com



 
  Visit this listing at Here

Posted by Heriberto Lopez on August 7th, 2008 4:30 PMPost a Comment (0)

Just Listed! 2103 Renaissance Blvd. Miramar, FL 33025
December 25th, 2007 11:49 PM
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$200,000.00
2103 Renaissance Blvd.
Unit #101
Miramar, FL 33025



Beds: 1.0 Rooms: 1
Baths: 1.00 Sq. Ft.: 0
Garage: 0 Built: 2005
 

Cute and nice 1/1 condo unit close to club house, miramar parkway and pines blvd.
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Heriberto Lopez
Ocean View Intl. Realty
9546006341
www.freefloridahomesales.com



 
  Visit this listing at Here

Posted by Heriberto Lopez on December 25th, 2007 11:49 PMPost a Comment (0)

Just Listed! 320 NW 151ST AV Pembroke Pines, FL 33028
November 6th, 2007 12:23 AM
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$379,900.00
320 NW 151ST AV

Pembroke Pines, FL 33028



Beds: 3.0 Rooms: 3
Baths: 2.00 Sq. Ft.: 1778.00
Garage: 0 Built: 1966
 

BEAUTIFUL HOME IN A GATED COMMUNITY W/GREAT VIEW OF LAKE ON A CUL-DE-SAC.IMPECCABLE MOVE-IN CONDITION
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Heriberto Lopez
Ocean View Intl. Realty
9546006341
www.freefloridahomesales.com



 
  Visit this listing at Here

Posted by Heriberto Lopez on November 6th, 2007 12:23 AMPost a Comment (0)

Just Listed! 1530 NE 191 ST N Miami Beach, FL 33179
November 5th, 2007 2:45 PM
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$158,900.00
1530 NE 191 ST
#345
N Miami Beach, FL 33179



Beds: 1.0 Rooms: 1
Baths: 1.00 Sq. Ft.: 954.00
Garage: 0 Built: 1966
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Heriberto Lopez
Ocean View Intl. Realty
9546006341
www.freefloridahomesales.com



 
  Visit this listing at Here

Posted by Heriberto Lopez on November 5th, 2007 2:45 PMPost a Comment (0)

Short Sales
April 7th, 2007 12:11 AM

Short Sales is in the Rise

 

As the number of borrowers falling behind on their mortgage payments climbs to the highest level in five years, the number of "short sales" is increasing.

In a short sale of a home, a lender allows the property to be sold for less than the total amount due. In many cases, the lender forgives the remaining debt.

Short sales fell out of favor when mortgage delinquencies were low and rising home prices made it easy for borrowers who ran into trouble to sell their homes or refinance their mortgages. But as the housing market cools, interest in short sales is increasing.

Related Link

Short Sale May Be an Option When Mortgage Debt Looms Too Large

Bank of America says it saw short sales of homes increase 25% last year, albeit from relatively low levels. In San Diego, the number of entries in the local multiple-listing service that include the words "short sale" has climbed to 129 from 50 a little more than a year ago, according to Sandicor, the local multiple-listing service.

The renewed interest in short sales comes as mortgage delinquencies climbed to 2.51% in the fourth quarter, according to Equifax and Moody's Economy.com. That's up from 2.33% in the third quarter and the highest level since a recent peak of 2.53% in the first quarter of 2002.

Economists attribute the increase in delinquencies in part to a weaker housing market and the widespread use of adjustable-rate mortgages, many of which now are resetting at higher rates. In addition, as demand for mortgages softened, lenders loosened their standards and made riskier loans.

For a lender, a short sale can be appealing because the process can be shorter and less costly than foreclosing, especially in a declining market. Lenders can avoid the costs of property maintenance, utilities and homeowners' association fees. Properties that go into foreclosure can take longer to sell, particularly in a declining market. There's also the chance that the property could be vandalized.

For borrowers, a short sale is a way to avoid having a foreclosure on their credit report. A short sale can be less of a black mark than a foreclosure on a borrower's credit record because it indicates that the borrower was working with the lender.

But there can be downsides as well. Under certain circumstances, the debt forgiven by the bank may be taxable to the borrower. What's more, convincing a lender to go along with a short sale can be difficult. Borrowers who have a mortgage and a home-equity loan may also have to negotiate with two lenders or two departments of the same bank.

"There are all sorts of logjams," says John Izzo, a real-estate agent in Las Vegas. Mr. Izzo says he is currently working on 19 short sales, but figures just "one in five might be successful."

 

This article is posted in the Real Estate Journal.


Posted by Heriberto Lopez on April 7th, 2007 12:11 AMPost a Comment (0)

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