Miami Dade Appraiser FocusOneAppraisal.com New Program to pay lenders/homeowners to sell at a loss

March 12, 2010

Miami Dade Appraiser The Times reported that the Obama Administration has setup a plan to pay lenders and homeowners to sell a property for less than what is owed, also known as a short sale.
The bank would get $1,000, a 2nd mortgage can get $1,000 and the walk-away homeowner would get $1,500. The article reflects [...]

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www.FocusOneAppraisal.com Miami Appraiser – RealtyTrac” Florida foreclosure activity up in February!

March 11, 2010

Miami Multifamily Appraiser www.FocusOneAppraisal.com The South Florida Business Journal reported that foreclosure activity increased nearly 15% for February over the previous month in the Sunshine State.
RealtyTrac reflects that Florida continues to be at the top of the nations foreclosure activity with over 54,000 properties receiving a filing in February.
Last month, Fannie Mae opened a homeowner [...]

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Miami Appraiser FocusOneAppraisal.com – Home Buyers should be aware of surrounding uses! Multifamily Appraiser

March 8, 2010

Miami Appraiser, Home buyers including condo seekers have to be on the lookout for the not so obvious when looking at a property. Take a look at surrounding land uses, present and past.
A large development in Palm Beach County, Acreage, home to 15,000 homeowners who got caught owning a nightmare. The area has a unusually [...]

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Miami Appraiser FocusOneAppraisal.com – South Florida Pending Home Sales on the rise

March 5, 2010

Miami Multifamily Appraiser – The Realtor Association of Miami and the Beach has a reported a rise in January pending home sales in South Florida. There was an increase of 9% in Miami-Dade County and 4.7% increase in Broward.
Properties priced under $250,000 and the 1st time tax credit are believed to be the primary drivers.

This [...]

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http://www.FocusOneAppraisal.com Miami Appraiser, South Florida Banks Tighten Commercial Lending

March 3, 2010

Miami MultiFamily Appraiser, South Florida Banks loaded with commercial real estate loans are requiring lower loan to value ratios, reviewing borrowers cash flow and in some cases inspecting the property themselves.
The Miami Today reports a typical loan to value at 50% compared to 80-90% a few years ago.
Just yesterday, it was reported that Bank of [...]

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Miami Appraisal – South Florida Foreclosures Falling, FAST!

March 2, 2010

Miami Multi-Family Appraiser. South Florida had 19% fewer foreclosure filings in February compared to the same period a year ago the South Florida Business Journal reported.
The Miami-Dade Clerk reports January 2010 filings at 4,127 compared to January 2009 which had 6,063, a 32% decrease for Miami-Dade County.
In actions to help alleviate the backlog of foreclosures, [...]

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Miami Appraiser – Florida Home & Condo Sales Heat Up for 2010

March 2, 2010

Miami Waterfront Appraiser www.FocusOneAppraisal.com Miami MultiFamily Appraiser. Florida real estate sales took off in January according to Real Estate Investor Daily. They reported an 81% rise in January condo sales compared to the previous year!
Existing home sales increased from 8,444 in January 2009 to 10,465 this year. Median home prices in the state are down [...]

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‘Miami Appraiser’ – Setai, Boutique South Beach Resort market update

February 28, 2010

Miami Appraiser www.FocusOneAppraisal.com The Setai Hotel & Resort at 101 20th Street, According to Miami-Dade County records, approximately 20 units changed hands in 2008 at an average price per foot of $1,189. Four units in the direct ocean view “7″ line averaged $1,579 a foot.
In 2009, 21 units sold averaging $1,192 a square foot. One [...]

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Miami Dade Appraiser Focusoneappraisal – The newest victim of South Florida’s Real Estate Downturn, The Postal Service

February 28, 2010

www.FocusOneAppraisal.com, Miami Real Estate Appraiser. According to the Sun Sentinel, the postal service has been removing South Florida mailboxes due to a drop in mail volume attributed to the downturn in real estate and banking industries. Miami-Dade is losing 270 mail boxes while Broward County is losing 145.

A lot of mail is usually generated when [...]

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Miami Dade Real Estate Property Appraiser – Miami-Dade Counties New Online Property Auctions, Buyer BEWARE!

February 27, 2010

www.FocusOneAppraisal.com, Property Appraiser. Miami-Dade County recently introduced a new auction site where buyers can bid on foreclosures. Sounds great, no? Who wouldn’t want to own a piece of paradise?
Well, some bargain hunters ended up owning worthless paper as reported in a recent Miami Herald posting. The reason? They don’t understand what they’re bidding on. [...]

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