You Won’t Get High, But You May Get Happy in a House Built of Pot

March 18th, 2015 Categories: Random Thoughts

Hemp building products may soon go mainstream. Here’s why your next home should be made with pot.

No, you can’t saw off a chunk and smoke it.

But if you live in a house made with hemp building products, you may trim your utility bills, have more leisure time, and be safer and more comfortable. Read the rest of this entry »

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How to Assess the Real Cost of a Fixer-Upper House

January 19th, 2015 Categories: For Buyers, Random Thoughts

Trying to decide whether to buy a fixer-upper house? Follow these seven steps, and you’ll know how much you can afford, how much to offer, and whether a fixer-upper house is right for you. Read the rest of this entry »

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7 Steps to Take Before You Buy a Home

January 6th, 2015 Categories: For Buyers, Random Thoughts

Most potential homebuyers are a smidge daunted by the fact that they’re about to agree to a hefty mortgage that they’ll be paying for the next few decades. The best way to relieve that anxiety is to be confident you’re purchasing the best home at a price you can afford with the most favorable financing. These seven steps will help you make smart decisions about your biggest purchase. Read the rest of this entry »

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Miami Short Sales Now in Reach of Homeowners with Perfect Payment History

October 29th, 2012 Categories: Short Sales

As of November 1^st of this year, new guidelines from Fannie Mae and Freddie Mac will allow Miami homeowners experiencing financial hardship to qualify for short sales even if they have never missed a mortgage payment. Previously an unblemished payment history would have disqualified homeowners from the possibility of obtaining a short sale. The need to prove substantial hardship is still required but this change will allow many Miami homeowners to qualify for a short sale that would not have been possible before the new rules took effect.

In addition to this much needed change officials of the FHFA (Federal Housing Finance Agency) report that they are currently “in discussions with the credit industry” to find ways to preserve the credit rating of those homeowners whom undergo a short sale but also have never missed a mortgage payment in the past.

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14-Year-Old Girl Buys Short Sale Home!

October 28th, 2012 Categories: Short Sales

Willow Tufano is a very industrious little lady. First she raised $6,000 of her own money by antiquing and selling various items on Craigslist, but that was just the beginning of her investment strategy. Next she asked her mom for permission to invest in 50% of a Florida short sale home! The home was selling for $12,000 but was valued at $100,000 when the real estate market was peaking.

Sharron Moore, Tufano’s mother is a broker and was herself considering buying the short sale home when her daughter asked if she could purchase half now and the other half later. Mom agreed and now Tufano is saving her half of the rental income on the property as a way to pay for the remaining $6,000 and obtain full ownership of the home. Read the rest of this entry »

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Miami Short Sale Debt Forgiveness is Short on Time

October 27th, 2012 Categories: Short Sales

Just a friendly reminder folks, there are less than 90 days left to take advantage of the debt forgiveness act for short sale sellers. You’ve probably already heard all about that by now but do you understand how important it is? If you are considering the short sale of your Miami home then you need to act NOW. As of December 31^st of this year the act expires and homeowners that decide to take advantage of the short sale of their Miami home may incur substantial tax liabilities that can be avoided if they take action immediately. If your home is experiencing financial stress and you need to sell, now may be your last chance to save substantial money.

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