Deeds-in-Lieu

Thanks to new federal programs that offer cash incentives, some lenders are turning to deeds-in-lieu as the best solution for underwater borrowers, who are willing to turn over their properties.

It’s cheaper for lenders to do deeds-in-lieu because it gives them overnight control of the property. With mortgage rates at less than 5 percent, lenders believe that they can resell a property faster and on more favorable terms than they would going through a short sale.

 

Bank of America is offering cash incentives that range from $3,000 to $15,000 to persuade trouble borrowers to sign on.

 

Deeds-in-lieu don’t harm a borrower's credit rating as much as a foreclosure or a bankruptcy, but because they are treated as debts that are “not paid as agreed,” they do leave a mark.

 

Anne-Marie Ferraro, REALTOR®
Watson Realty Corp.
1445 West State Road 434, Suite 100
Longwood, FL 32750
407-622-8531 Direct Line
407-493-0719 Cell
800-943-6444 Ext. 131
amferraro@watsonrealtycorp.com
www.anne-marieferraro.com
"You're Home Free With Anne-Marie!" 

 

Check out our website at www.WatsonRealtyCorp.com

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to which it is addressed. If you have received this email in error please delete it and notify the originator of the message. This footer also confirms that this email message has been scanned for the presence of viruses and offensive material, but Watson Realty Corp. does not guarantee or accept any liability that may be caused by any viruses.

School Begins August 16th

School in Florida always starts sometime in August.  This year school starts August 16^th. 

 

This year Florida will have the Sales Tax holiday.  These have gained in popularity in recent years, in part because of the economy but mostly because everyone wants to get a good deal, and more and more states are starting to get in the fun.  I have information on what Florida gives you a tax breakon but if you ever have a question, the employees of the stores know what it applies to.

 

Florida will be having their tax break holiday on August 13-15.  This applies to books, clothing and footwear <$50 and school supplies <$10.

Get out there that week and enjoy a little more change in your pockets!

 

Anne-Marie Ferraro, REALTOR®
Watson Realty Corp.
1445 West State Road 434, Suite 100
Longwood, FL 32750
407-622-8531 Direct Line
407-493-0719 Cell
800-943-6444 Ext. 131
amferraro@watsonrealtycorp.com
www.anne-marieferraro.com
"You're Home Free With Anne-Marie!" 

 

Check out our website at www.WatsonRealtyCorp.com

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to which it is addressed. If you have received this email in error please delete it and notify the originator of the message. This footer also confirms that this email message has been scanned for the presence of viruses and offensive material, but Watson Realty Corp. does not guarantee or accept any liability that may be caused by any viruses.

FORECLOSURES!!!

WOW!  The deals that are out there in today’s market are unbelievable!  Just three years ago one of my buyers purchased a 3 bedroom home in a lovely neighborhood in Orlando for $190,000.  That was a deal back then!  Today, in the same neighborhood there is a 4 bedroom foreclosure for $100,000!!!

 

Folks!  You are missing the boat if you are not out there looking for a home!  The inventory is extraordinary!

 

Anne-Marie Ferraro, REALTOR®
Watson Realty Corp.
1445 West State Road 434, Suite 100
Longwood, FL 32750
407-622-8531 Direct Line
407-493-0719 Cell
800-943-6444 Ext. 131
amferraro@watsonrealtycorp.com
www.anne-marieferraro.com
"You're Home Free With Anne-Marie!" 

 

Check out our website at www.WatsonRealtyCorp.com

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to which it is addressed. If you have received this email in error please delete it and notify the originator of the message. This footer also confirms that this email message has been scanned for the presence of viruses and offensive material, but Watson Realty Corp. does not guarantee or accept any liability that may be caused by any viruses.

Short Sales

Short Sales!  Can be considered two of the worst words you have ever heard if you were part of one of these transactions.  They are tedious, time-consuming and sometimes just don’t pan out!  But, on the flip side, the buyer of one of these homes can find a deal of the century in today’s market!  I have been involved in the short sale of both listings and sales since March of 2007.  So many of my sellers have been able to get out of the hole and start a new life!  My buyers have all bought homes that they never could have dreamed of owning just a few short years ago!

 

If you are a seller or buyer and would like to know about the process I would be happy to explain.

 

Anne-Marie Ferraro, REALTOR®
Watson Realty Corp.
1445 West State Road 434, Suite 100
Longwood, FL 32750
407-622-8531 Direct Line
407-493-0719 Cell
800-943-6444 Ext. 131
amferraro@watsonrealtycorp.com
www.anne-marieferraro.com
"You're Home Free With Anne-Marie!" 

 

Check out our website at www.WatsonRealtyCorp.com

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to which it is addressed. If you have received this email in error please delete it and notify the originator of the message. This footer also confirms that this email message has been scanned for the presence of viruses and offensive material, but Watson Realty Corp. does not guarantee or accept any liability that may be caused by any viruses.

Disney Luxury Home Plans!

I was so surprised to hear this announcement on the radio this morning!  This is great news for the luxury home buyers out there!  Call me if you are interested in this new community!  Read this news release!

 

Walt Disney Co. announced plans Wednesday to develop and sell vacation homes near Orlando’s Walt Disney World. The homes will be priced between $1.5 million and $8 million. In announcing the development, Disney said the luxury home market is recovering.

The proposed 980-acre Golden Oak development will include two golf courses, 450 homes and a 445-room Four Seasons hotel, as well as a clubhouse, pedestrian walkways, and a nature preserve. The first homes are expected to be completed in 2011.

Lots will range from a quarter to three-quarters of an acre. Buyers may choose their own architects, but Disney will supply the builders and require buyers to choose from a limited number of exterior building materials and architectural styles.

Buyers interested in the first lots must deposit $25,000 to be placed on a reservation list.

Source: The Wall Street Journal, Juliet Chung (06/23/2010)

 

Anne-Marie Ferraro, REALTOR®
Watson Realty Corp.
1445 West State Road 434, Suite 100
Longwood, FL 32750
407-622-8531 Direct Line
407-493-0719 Cell
800-943-6444 Ext. 131
amferraro@watsonrealtycorp.com
www.anne-marieferraro.com
"You're Home Free With Anne-Marie!" 

 

Check out our website at www.WatsonRealtyCorp.com

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to which it is addressed. If you have received this email in error please delete it and notify the originator of the message. This footer also confirms that this email message has been scanned for the presence of viruses and offensive material, but Watson Realty Corp. does not guarantee or accept any liability that may be caused by any viruses.

$8,000 Tax Credit is over BUT the deals are out here!

With the prices of homes today who needs the $8,000 anyway!  I am flabbergasted at the purchase price of the homes my buyers have purchased this year!  Homes that were once worth a million are selling for under $600.000!  Just yesterday I looked through the MLS to discover the deals that are out there.  I have a buyer who is relocating to Central Florida soon.  He was so surprised when he opened the links I sent to him.  He couldn’t believe what he can get for his money!  Don’t miss out!  Just as the once heated market came crashing down this market will also disappear!

 

Anne-Marie Ferraro, REALTOR®
Watson Realty Corp.
1445 West State Road 434, Suite 100
Longwood, FL 32750
407-622-8531 Direct Line
407-493-0719 Cell
800-943-6444 Ext. 131
amferraro@watsonrealtycorp.com
www.anne-marieferraro.com
"You're Home Free With Anne-Marie!" 

 

Check out our website at www.WatsonRealtyCorp.com

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to which it is addressed. If you have received this email in error please delete it and notify the originator of the message. This footer also confirms that this email message has been scanned for the presence of viruses and offensive material, but Watson Realty Corp. does not guarantee or accept any liability that may be caused by any viruses.

LOWEST INTEREST RATES SINCE 1964!

Buyers!  It is time to come out and buy a home!  The inventory is bountiful!  The interest rates are the lowest they have been since 1964!!!  Take advantage of these low rates now!  I am a full time professional who would be happy to help you find a home to live in, an investment home or a second home!  Don’t miss out!  Who knows when we will see the rates this low again!

 

Anne-Marie Ferraro, REALTOR®
Watson Realty Corp.
1445 West State Road 434, Suite 100
Longwood, FL 32750
407-622-8531 Direct Line
407-493-0719 Cell
800-943-6444 Ext. 131
amferraro@watsonrealtycorp.com
www.anne-marieferraro.com
"You're Home Free With Anne-Marie!" 

 

Check out our website at www.WatsonRealtyCorp.com

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to which it is addressed. If you have received this email in error please delete it and notify the originator of the message. This footer also confirms that this email message has been scanned for the presence of viruses and offensive material, but Watson Realty Corp. does not guarantee or accept any liability that may be caused by any viruses.

Oil Catastrophe in the Gulf!

It has been two months since the explosion in the gulf.  It is a catastrophe for our entire nation but my thoughts are especially with the everyday American family who makes their living from our beautiful gulf.  Being a resident of Florida since 1991 I am frightened for what it may do to our state especially.  So much of our economy will be greatly affected if we don’t solve this problem now!  This will trickle down to our real estate market which is already in a low place.  I have seen several people on TV talk about their solutions including actor Kevin Costner.  I truly hope that BP and our government really listens to all of the possible solutions so that we can once again have pristine waters and famlies back to work.

 

Anne-Marie Ferraro, REALTOR®
Watson Realty Corp.
1445 West State Road 434, Suite 100
Longwood, FL 32750
407-622-8531 Direct Line
407-493-0719 Cell
800-943-6444 Ext. 131
amferraro@watsonrealtycorp.com
www.anne-marieferraro.com
"You're Home Free With Anne-Marie!" 

 

Check out our website at www.WatsonRealtyCorp.com

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to which it is addressed. If you have received this email in error please delete it and notify the originator of the message. This footer also confirms that this email message has been scanned for the presence of viruses and offensive material, but Watson Realty Corp. does not guarantee or accept any liability that may be caused by any viruses.