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Market Updates, News & Local Events!

FORECLOSURE NEWS ALERT

On November 3, 2016, in the case of Bartram v. U.S. Bank N.A., the Florida Supreme Court ruled in favor of lenders in a decision that homeowners’ advocates say will create renewed uncertainty for borrowers about whether they can stay in their homes.  In a nearly unanimous decision, the Court determined that mortgage lenders can…

The Hike in Interests Rates is Happening!

Government in the Sunshine Meeting Notice Advanced Notice of a Meeting under Expedited Procedures It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 AM on Monday, November 14, 2016, will be held under expedited procedures, as set forth in section 26lb.7 of the Board’s Rules…

What is Private Mortgage Insurance

Many of our first time home buyer clients will ask us what private mortgage insurance is! Private mortgage insurance is there for the lender. It is insurance against the possibility that you will default on your home loan. Since you didn’t have the financial power to put the 20% down on the house, the lender…

Real Estate Jargon Translated

Real Estate Basics A quick guide for when you have no choice and need to communicate with your real estate professional! APPRAISAL- The process of viewing a home by a professional practitioner (appraiser) who has the knowledge and accreditation to estimate the value. BROKER/OWNER- The owner/co-owner of a real estate office; legally and financially responsible…

Emergency Numbers in South Florida

Florida Emergency Information Line (Activated during emergency) ………… (800) 342 – 3557 BROWARD COUNTY Broward County Hurricane Hotline …………………………………………….. (954) 831-4000 American Red Cross Hurricane Hotline ……………………………………….. (954) 763-9900 Animal Care & Regulation ………………………………………………………….. (954) 359-1313 Broward Emergency Management Agency ……………………………………. (954) 831-3900 Special Medical Needs Registry & Shelter …………………………………….. (954) 357-6385 MIAMI-DADE COUNTY American…

Hurricane Preparedness Checklist

◘ Inventory your home possessions and review your insurance policies. ◘ Charge your cell phone & devices ◘ Assess your home for vulnerable areas; roof, windows, garage door, landscaping. ◘ Cash or traveler’s checks. ◘ Fill up your car’s gas tank. ◘ Emergency contact phone numbers. ◘ Fire extinguisher. ◘ Clean containers to store drinking…