Homepath Properties: Making Mortgages Attainable

Over the past 2 years, Downtown Miami & Brickell areas have been ravaged by the difficult lending market.  Sure, many properties are selling, but mortgages are very difficult to obtain for people who do not have large sums of money for 30%-40% down payments.  All hope is not lost.  Fannie Mae has a program called … Continue reading

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Everglades on the Bay to be Renamed

  In November, Rockwood Capital, LLC (“Rockwood”), the private real estate investment firm, along with partners Duncan Hillsley Capital and Fortune Capital Management Services, announced the acquisition of Everglades on the Bay.  The original developer, Cabi Downtown, is now transitioning out of control of the project following the recapitalization of their Chapter 11 reorganization. The new … Continue reading

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Renting a Miami Condo – Common Fees & Deposits

Renting a condo in Miami includes a different timeline, set of fees, deposits & applications than your traditional apartment rental. When tenants rent their first condo, they are always surprised when the offer is signed & the application process begins. So what are the fees associated with renting a condo? Let’s break down each fee … Continue reading

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7 Tips for Getting Your Foreclosure or REO Offer Accepted

To make an offer on a Bank Owned Property (and have it accepted), you must have the following: – If you are financing the transaction, a pre-approval letter stating that the income, assets, and employment have been verified. This is different from the standard pre-qualification letter given by a mortgage broker for a traditional sale. … Continue reading

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8 Things to Know About Buying a Short Sale Property

It has been said that “there is nothing short about a short sale,” and with good reason. The fact of the matter is that short sales are here to stay, and over the coming years will become more and more popular for buyers. Many times, properties in foreclosure are terribily run down, damaged, and vacant. … Continue reading

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Are Zillow Zestimates Accurate?

The short answer is… maybe.  Zillow is an informative tool for users to see what is going on in their area of interest, but as far as accuracy goes, you may be surprised to see what Zillow even admits. Zillow’s “zestimates” are figured based upon tax records, and is not an appraisal.  As many of … Continue reading

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