Michelle Reyes

Entrepreneur / Realtor /  Mentor

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www.MicRealtor.Info





MicRealtor Websites
www.MicPostlets.Info
www.MicZillow.Info
www.MicTrulia.Info
www.MicNewsletter.Info

http://twitter.com/BigThingz09
http://www.youtube.com/user/mic1tv
www.Facebook.com/MichRealtor


FEATURED PROPERTY FOR SALE

YOU TUBE LINK
http://www.youtube.com/watch?v=wU0IBSxDYtc


Scooter Repairs.
Free Pick up and Free Estimate.

Scooter Sales
Used starting at $499
New starting at $999

Industrial Tool Rentals &
Tool Repairs
-Lawn Mowers
-Generators  (new $550 for 6500 watts used $137)
-Spray Paint Machines
-Pressure Washers


Located on 79th Street, one block east of Biscanye Blvd. To arrange pick up contact Owner Walter Presic at 305 934-6661.  Mention my name to get the MicScooter discount price. 





Ameridream

www.ameridream.org

Everyone 

Broward County Recorder

http://205.166.161.12/oncoreV2/Search.as

Everyone 

Broward County Tax Assessor`s Website

http://www.bcpa.gov

Everyone 

Broward Permit Search

https://dpep.broward.org/bcs/

Everyone 

Capital Gains Tax Calculator

http://www.moneychimp.com/features/capga

Everyone 

Citizens Homeowners Insurance Guidelines

https://www.citizensfla.com/agent/um_per

Everyone 

City of HOLLYWOOD Code Violation Search

http://www.hollywoodfl.org/code_enforcem

Everyone 

City of LAUDERHILL Code Violations and Enforcement

http://lauderhill-fl.gov/dept_code.html

Everyone 

City of MARGATE Code Violations

http://www.margatefl.com/building/index.

Everyone 

City of MIRAMAR Code Enforcement

http://www.ci.miramar.fl.us/finance/docs

Everyone 

Epropertywatch  (monitor stats of your property)

http://www.epropertywatch.com

Everyone 

FHA APPROVED CONDO LIST

https://entp.hud.gov/idapp/html/condlook

Everyone 

FHA Underwriting GuideBook

https://www.efanniemae.com/sf/guides/dug

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FHA Website

http://www.fha.gov

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Florida Licensee Search and Renewal (DBPR)

https://www.myfloridalicense.com/Default

Everyone 

HUD

http://www.nhmsi.com

Everyone 

Miami-Dade Code Enforcement Search

http://www.miami-dadeclerk.com/cef/defau

Everyone 

Miami-Dade County Recorder

http://www.miami-dadeclerk.com/public-re

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Miami-Dade Permit Search

http://www.miamidade.gov/building/

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Miami-Dade Tax Assessor

http://www.miamidade.gov

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National Association of Realtor`s Website

http://www.realtor.org

Everyone 

Net Sheet- BUYER

http://www.agentfreebies.com/ClosingBuye

Everyone 

Net Sheet- SELLER

http://www.agentfreebies.com/ClosingSell

Everyone 

Real Estate Dictionary

http://www.realestatewords.com/byletter/

Everyone 

Regulatory Council of Community Association Managers

http://www.myflorida.com/dbpr/pro/cam/st

Everyone 

School Information

http://www.greatschools.net

Everyone 

VA Loan Guidebook

http://www.vba.va.gov/ro/roanoke/rlc/for

Everyone 

VA Website

http://www.homeloans.va.gov/ls.htm

Everyone 




What is a Short Sale

 

What it means:

A short sale is the sale of a home in which proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner can no longer make the mortgage payments.

Potential risks to keep in mind:

²       Up to 3 months to receive a response on an offer

²       Lower acceptance rate – approximately 10% or less

²       Financing obstacles – potential interest rate changes

²       The price can still change, even after the seller accepts

²       High “opportunity” cost

Potential benefits to the Buyer:

²       You mig ht get a good deal – below market value

What is an REO (Real Estate Owned)/HUD–VA Foreclosure

Bank and Government Owned Properties

What it means:

REO is an acronym used by financial institutions, which means Real Estate Owned. It comes back into the bank’s portfolio via a foreclosure process. Most REO properties are sold AS-IS with the seller making no repairs. It is also addressed in their corporate addendums stating that the buyer will purchase AS-IS, but still have the right to contingencies of inspections.

Potential risks to keep in mind:

²       Response time from the bank can take up to four weeks

²       AS-IS condition – how handy are you?

²       Often have a multiple offer situation

²       Surprises that often take place after close

²       Possible Title issues

Potential benefits to the Buyer:

²       You might get a good deal, but at some cost or additional expense to you


The basic steps of foreclosure

WASHINGTON – Aug. 24, 2011 – In recent news, Fannie Mae has publicly assured homeowners going through foreclosure that they will be protected from losing their homes while applying for a federally funded loan modification. Homeowners can apply for a modification at any point before or during the foreclosure process.

If a modification is approved, homeowners can keep their homes if they make their adjusted payments. Absent that, here are the stages of a typical foreclosure:

1) In default: A loan is in default when a mortgage payment is 30 days late.

2) Warning: When a loan is 60 days past due, the bank, credit union or mortgage company warns that foreclosure is the next step.

3) Proceedings begin: After 90 days, the lender refers the loan to its foreclosure department, and hires a local lawyer to begin foreclosure proceedings.

4) Sale advertised: The lender's lawyer advertises the property for sale for four consecutive weeks in a local newspaper. The sheriff's sale date is listed in the advertisement.

5) Sale held: The sale is held on the published date. A sheriff's employee conducts a courthouse auction and the highest bidder wins, usually the bank that owned or serviced the mortgage.

6) Sheriff's deed: The winning bidder gets a sheriff's deed that lists the last date the homeowner can redeem, or take back, the property, usually six months from the date of the sheriff's sale. During this redemption period, the homeowner can live in the property or try to sell it.

7) Redemption period: To redeem a property, the homeowner must pay off the mortgage and all interest and late fees, court and attorney fees, title and appraisal fees, taxes and insurance. Otherwise, they will be evicted from the home.

 

 

 

 


www.MicLegal.Info

www.LegalShield.com/info/michellereyes

www.AgentsWanted.Us

 

 

 

 

 

 

 

 

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