tag:blogger.com,1999:blog-216323172011-12-14T21:35:16.853-05:00The Real Estate industry is an ever-evolving entity in our time. Keeping up with it's fluctuations can be intimidating. Let's keep ourselves informed!Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.comBlogger3611100tag:blogger.com,1999:blog-21632317.post-86909373832599621682008-04-14T15:57:00.001-04:002008-12-13T08:31:23.607-05:00

Thousands of strapped homeowners are simply abandoning their homes before foreclosure even begins. The stories of three families illustrate the personal and financial trauma.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com1tag:blogger.com,1999:blog-21632317.post-84865859413108523522008-04-01T14:05:00.001-04:002008-04-01T14:07:47.170-04:00

The U.S. Senate is scheduled to vote April 1 on a Democratic foreclosure relief bill that would provide $4 billion to communities to purchase foreclosed homes, increase disclosure requirements for subprime mortgage loans, and pay for debt counselors so homeowners can negotiate with lenders. However, Republicans are likely to oppose the bill if it includes a provision to rewrite the bankruptcy

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-61058591836000214702008-03-07T07:37:00.002-05:002008-12-13T08:31:23.812-05:00

The housing market will continue its downward spiral, forecasts say, and that means opportunities for buyers. But waiting for the market bottom may not be the smartest strategy. Here are 5 reasons to buy now.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-48023701055550817962008-03-06T07:40:00.000-05:002008-03-06T07:41:50.182-05:00

Florida, by far, leads the U.S. market, accounting for an estimated 26 percent of all foreign purchases for the year period that ended in April 2007, the National Association of Realtors reports. Within the state, Miami and Fort Lauderdale are the top markets.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-28839370379081918272008-02-02T08:50:00.000-05:002008-02-02T08:51:40.714-05:00

Chastened and now cautious lenders are demanding much bigger down payments to shield against losses in the South Florida market.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com1tag:blogger.com,1999:blog-21632317.post-13319754534748528762008-01-30T15:14:00.000-05:002008-01-30T15:15:38.430-05:00

Thought you were covered by your landlord's insurance? Think again. You'll need renters insurance to protect your belongings from perils including theft, vandalism, fire and falling objects.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-66459869523945387972008-01-30T07:37:00.000-05:002008-12-13T08:31:23.962-05:00

Facing a slowing economy and years of rising property-tax values, Florida voters overwhelmingly approved a property-tax amendment.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-12861705990463510142008-01-30T07:28:00.000-05:002008-01-30T07:30:47.288-05:00

If you're in danger of falling behind on your mortgage, or if you're already delinquent, it's important to know what's ahead and what your options are. Usually, the faster you move, the more choices you'll have about your financial future. Read the whole story.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-32457510348677124372008-01-28T10:30:00.000-05:002008-12-13T08:31:25.276-05:00

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-24397145262691113592008-01-15T07:19:00.000-05:002008-01-15T07:21:03.481-05:00

State regulators and lawmakers are getting ready to grill insurance companies on why homeowner rates haven't yet fallen as promised.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-15062110860031144122008-01-11T07:40:00.000-05:002008-12-13T08:31:25.354-05:00

A state Senate committee will question insurance executives on why expected rate cuts haven't turned up as expected.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-37207988993501378592008-01-07T13:02:00.000-05:002008-12-13T08:31:25.955-05:00

If so, you're not alone. But don't despair -- a number of workout options are available to struggling homeowners who are willing to pick up the phone and contact their lender.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-53662883574375449052008-01-02T12:08:00.000-05:002008-01-02T12:10:10.344-05:00

Applications for Single Family Rehabilitation Program will be accepted through January 14, 2008Miami, FL (January 2, 2008) -- The City of Miami’s Department of Community Development will make applications for its Single Family Rehabilitation Program available starting Monday, December 10, 2007 through Monday, January 14, 2008. The program offers loans of up to $35,000, to qualifying low-income

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-13428927825025344562007-12-27T06:00:00.000-05:002007-12-27T06:04:20.318-05:00

In the past year, South Florida home prices have:A) Fallen 12.4 percent.B) Stayed flat.C) Risen 3 percent in Miami-Dade, declined 5 percent in Broward.Answer: All of the above, depending on which survey you believe.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-68804185850026713682007-12-05T15:48:00.000-05:002008-12-13T08:31:26.190-05:00

It doesn't take long for a prospective buyer to form an opinion about your house. Here's how you can tilt the odds in your favor by making your home appeal to the widest clientele possible.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-75274123147542163832007-11-27T08:05:00.000-05:002007-11-27T08:06:39.445-05:00

There are bargains out there in real estate that you ought to buy right now.No, no, stop laughing. I'm serious. All right, wipe that smirk off your face. Give me some credit. Of course, I don't mean shares of home builders. I still wouldn't touch them with a 10-foot pole. And I don't mean mortgage lenders, big banks or Wall Street mortgage traders. Those are toxic and likely to get more so.No,

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-24007737329764074602007-11-25T09:40:00.000-05:002008-12-13T08:31:26.316-05:00

Are you tired of politicians making empty promises when it comes to cutting property taxes? Who did the politicians in Tallahassee think they were kidding when they told us that property taxes would “DROP LIKE A ROCK” ? Despite their empty promises, property taxes in Florida have skyrocketed--unchecked for too long. Families and businesses are paying too much and it has to stop!

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-73451900036331269612007-11-09T16:38:00.000-05:002007-11-09T16:40:34.549-05:00

NEW YORK – Nov. 9, 2007 – How do you fix a troubled housing market? Forbes.com asked that question of a broad range of housing experts, including CEOs of real estate firms, real estate practitioners, economists from lending institutions, and research directors at analytics firms. Here are five of their best suggestions.1. Restore investor faith. “Mortgage fraud, by both borrowers and insiders,

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-38742588996698536322007-11-08T14:46:00.000-05:002007-11-08T14:48:34.136-05:00

“It’s a very good time for first-time buyers,” said Susan Wommack, national account manager with LoanSifter.com, an industry database business in Little Chute, Wis. “The lenders who are still standing are very competitive, and service levels have gone up, too.”“For people with good credit, who’ve shown some responsibility, and have some income to work with, there’s plenty of money,” said Kevin

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-89054043900387133912007-11-05T06:55:00.000-05:002007-11-05T06:56:57.566-05:00

Former state Senate President John McKay has proposed a tax plan that would reduce homeowners' property taxes up to 45 percent at the expense of business interests that have been exempted from sales tax for decades. McKay, a member of the Taxation and Budget Reform Commission, took steps Friday to address a ''patently unfair'' tax system by filing a proposed constitutional amendment with the

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-12221856208993679922007-11-01T10:26:00.000-04:002007-11-01T10:27:46.773-04:00

TALLAHASSEE -- The failure of the Florida Legislature to give voters a chance to vote on a comprehensive rewrite of the property tax system doesn't necessarily mean Floridians won't get an opportunity next year. As early as Thursday, an effort to put a broad tax-cutting proposal on the November 2008 ballot is going to be discussed by the one entity outside the Legislature with the clout to do it:

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-91287273668473188292007-10-31T11:20:00.000-04:002007-10-31T11:22:20.533-04:00

BY MARY ELLEN KLASmeklas@MiamiHerald.com Of the four parts in a property-tax amendment up for a Jan. 29 vote, portability has the potential to affect homeowners the most. Key questions about it:• Q: What is portability?• A: The ability to transfer to a new home accumulated property-tax savings tied to the Save Our Homes law. The taxable value of a homestead can rise no more than 3 percent a year

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com1tag:blogger.com,1999:blog-21632317.post-89726565150970297172007-10-31T11:10:00.000-04:002008-12-13T08:31:26.576-05:00

In his first stop during a statewide sales pitch to sell a property-tax constitutional amendment to the voters, Gov. Charlie Crist showed up at the Kendall townhome of a public school teacher Wednesday, promising more relief to come.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-17675769069528970952007-10-30T06:49:00.001-04:002008-12-13T08:31:26.797-05:00

TALLAHASSEE -- Outmaneuvered and out of time, the Florida House railed for hours against a scaled-back property tax plan -- only to pass it Monday evening because the state Senate all but forced the vote in the waning hours of the lawmaking session. Now Florida voters will have to decide Jan. 29 if it's enough. It will take 60 percent of the vote to pass.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-26963943488474068732007-10-30T06:42:00.000-04:002008-12-13T08:31:27.367-05:00

Even if your loan isn't going to reset in the near future, there are good reasons not to wait. Sinking home values eat into your equity, making it harder to get a new loan.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-32540339582385427122007-10-29T12:13:00.001-04:002008-12-13T08:31:27.435-05:00

The state Senate released an 11th-hour tax plan that has small savings and a big political gambit for the House: Should it take it or leave it -- and risk having no tax cuts at all?

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-49922813716498684262007-10-25T07:02:00.000-04:002007-10-25T07:03:29.642-04:00

September existing-home sales offered more of the same: drooping sales in a slumping market. But falling prices in Broward gave some hope that sellers may be getting serious about finding buyers.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-70636229601515024232007-10-22T15:44:00.000-04:002007-10-22T15:45:22.641-04:00

In addition to portability – which the governor, Senate and House already advocate – the updated House proposal includes a 5 percent assessment cap on commercial and non-homestead property. The cap applies to properties, so a change of ownership would not change those taxes under a new owner, giving non-homestead property owners a degree of stability and predictability. The House also advocates

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-22890724872066237542007-10-20T07:44:00.000-04:002007-10-20T07:45:28.043-04:00

A new House proposal for property-tax relief contains provisions that would benefit businesses -- but at homeowners' expense.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-86560331832180529182007-10-18T07:05:00.000-04:002007-10-18T07:06:28.251-04:00

Legislators took votes on bills but made little progress resolving their differences over a property-tax plan that one senator said 'screws' South Florida seniors.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-30029496191816496282007-10-16T06:53:00.000-04:002008-12-13T08:31:27.629-05:00

The proposal would allow people over 65 with a gross household income of less than $24,000 a year to avoid paying any homestead property taxes.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-23474390410767980022007-10-15T06:34:00.000-04:002007-10-15T06:36:26.197-04:00

Prices are rolling back to around 2004 levels -- where they would have been anyway if the boom hadn't produced unusual, and unsustainable, price gains. Few will lose real money. A readjustment to normal market conditions -- a better balance between buyers and sellers -- will continue for the next 18 months. But, so far, this relatively orderly transition has not produced panic sales.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-67466136112116235012007-10-12T06:30:00.000-04:002008-12-13T08:31:27.933-05:00

If you're searching for property in Tampa, luck is on your side. Too many listed homes and not enough buyers means you've got the upper hand. Want all-new appliances or $20,000 knocked off the asking price before you sign? Chances are, sellers in Tampa will be willing to comply.The same can be said for Minneapolis, Miami and Kansas City, Mo. All three, like Tampa, currently favor buyers, thanks

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-92221472830133044302007-10-11T07:14:00.000-04:002008-12-13T08:31:28.160-05:00

TALLAHASSEE -- State House and Senate leaders released the framework of a property tax cut plan Wednesday that adopts most of Gov. Charlie Crist's proposal and adds a few tweaks, giving renters a break and allowing low-income seniors to pay no homestead taxes. The tentative deal means it likely will pass in some form by Oct. 22, now that the Legislature plans to extend the special lawmaking

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-92198480826040611262007-10-09T06:29:00.001-04:002007-10-09T06:30:11.506-04:00

TALLAHASSEE -- Gov. Charlie Crist is floating a property tax-cut plan that would give most homeowners a minimum $50,000 homestead exemption, as well as savings for businesses and first-time and new homebuyers.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-24635917775973169902007-10-03T07:51:00.000-04:002008-12-13T08:31:30.563-05:00

The reality is that property tax cuts aren't as big as promised, the property tax amendment he's pushed is not as popular as hoped, the economy is faltering, state tax collections are down, and the state has a $1.1 billion hole in its $71 billion budget.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-50877254898441988642007-10-03T07:14:00.000-04:002007-10-03T07:26:32.664-04:00

If you’re not seriously considering the purchase of a new home then DON’T READ THIS. Maybe you can just forward it to someone who might be interested.When I began writing this piece I said to myself, “Keep it short. No one enjoys reading long messages they didn’t even ask for.” When I was done writing it I knew it was definitely too long, but I didn’t remove a single word. I realized that those

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-42775860761172619452007-09-26T23:57:00.000-04:002007-09-26T23:58:12.758-04:00

It's easy to assume that negotiating is adversarial. You, the buyer, are on one side -- the side that wants to buy a property for the lowest price possible. The opposition on the other side is the seller who wants to sell for the highest price possible. You're locked in a tug of war to see which side will win.It's more productive to look at a negotiation as a problem-solving process. You and the

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-4971725715866889572007-09-25T07:06:00.000-04:002007-09-25T07:08:04.468-04:00

A judge has canceled the proposed Jan. 29 property-tax vote, saying the Legislature was ''misleading'' people.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-8851973011523387822007-09-25T06:54:00.000-04:002008-12-13T08:31:30.766-05:00

If you thought a foreclosure ended the financial miseries associated with your former home, think again. You soon could be hearing from the IRS about taxes due in connection with the residence you no longer own.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-88680128080409907152007-09-20T14:12:00.000-04:002007-09-20T14:13:08.452-04:00

This week, actions by both houses of Congress to reform FHA programs, and the Federal Reserve to decrease interest rates, should make borrowing more affordable and money more available, Combs says. “With reduced housing prices and increased housing inventory, interest rates that are near historic lows, and now with Fannie’s and Freddie’s increased ability to lend, we may see positive movement in

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-53689703091086267942007-09-19T07:52:00.000-04:002007-09-19T07:56:36.347-04:00

Still, some real estate watchers believe the cut will bring a welcome boost to the sluggish housing market. Eli Dreszer, of Miami housing developer mFm Construction, said in a statement that ``the combination of low prices and historically low interest rates should be a signal for home buyers to get off the fence.''

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-69549014616362489052007-09-18T10:03:00.000-04:002008-12-13T08:31:30.964-05:00

WASHINGTON -- The Federal Reserve is widely expected to cut its target for the federal funds rate, the interest that banks charge each other, for the first time in four years at its meeting today.Many economists are predicting a string of three or more rate cuts as the central bank works to calm financial markets and keep the worst slump in housing in 16 years from pushing the country into a

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-78465656911775511752007-09-18T10:00:00.000-04:002007-09-18T10:01:53.100-04:00

Homeowners in neighborhoods saturated with mortgage fraud could see their property taxes reduced as law enforcement gears up for a countywide crackdown on the pervasive white-collar crime, Miami-Dade County Mayor Carlos Alvarez and Glenn Theobald, chief legal counsel for the county police, said Monday.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-32395371730676907722007-09-16T10:16:00.000-04:002007-09-16T10:17:28.103-04:00

Broward County Property Appraiser Lori Parrish has fielded the question ''values are dropping this year, so why did my assessment go up?'' from property owners so often that she's posted an explanation at the top of her homepage.The answer: Assessments are fixed as of Jan. 1, 2007, based on the market value of similar properties sold between Jan. 2, 2006 and Jan. 1, 2007.That means some South

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-47763151541582874042007-09-14T07:10:00.000-04:002007-09-14T07:11:40.427-04:00

A new poll showed declining support for the Legislature's property tax amendment, which voters will decide on Jan. 29.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com1tag:blogger.com,1999:blog-21632317.post-52832100793916906322007-09-07T13:10:00.000-04:002007-09-07T13:16:13.198-04:00

At least one influential economist is urging the Federal Reserve to cut interest rates quickly and preemptively.Fed Board of Governors’ member Frederic S. Mishkin said in a white paper that the Fed could prevent a lot of damage from a severe housing slump by acting swiftly to cut interest rates aggressively before the slump gets any worse.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com1tag:blogger.com,1999:blog-21632317.post-40872539862167936282007-09-01T09:01:00.000-04:002007-09-01T09:03:17.356-04:00

Chances of lower homeowner insurance rates aren't getting any better, as more insurers submit required rate filings to state officials.In the past month, another six insurers have filed for rate changes. Three are looking for decreases: Northern Capital Insurance, a cut of 0.7 percent; Safeway Property Insurance, a 7.8 percent decrease; and Sunshine State Insurance, 11.5 percent.But three others

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-17973611517609654682007-09-01T08:02:00.000-04:002007-09-01T08:03:40.332-04:00

The measures President Bush outlined Friday for dealing with the ailing mortgage market are just the beginning. When congressional Democrats return from their summer break, the list of proposals addressing how far government should go to help borrowers who got in over their heads will likely get longer — and the debate about how to pay for it will likely get louder.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-42791934344861041462007-08-31T06:53:00.000-04:002008-12-13T08:31:31.190-05:00

WASHINGTON - Offering federal help for strapped mortgage holders, President Bush is proposing to aid hundreds of thousands of borrowers hard hit by the housing slump.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-86889491210502030862007-08-30T07:29:00.000-04:002007-08-30T07:30:33.145-04:00

Federal Reserve Chairman Ben Bernanke is suggesting that policymakers look for ways to encourage a wider range of mortgages geared for low income and other borrowers who have been hard hit by the housing slump and credit crunch.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-54751894813639985772007-08-27T15:41:00.000-04:002007-08-27T15:44:15.228-04:00

ORLANDO, Fla., Aug. 27, 2007 – With positive economic conditions such as low mortgage interest rates and job growth continuing in Florida, statewide sales of existing single-family homes totaled 11,674 in July and were closer to activity in July 2001 and 2002 – before the housing boom years – than the July 2006 figures, when 15,378 homes sold for a 24 percent decrease in the year-to-year

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-66592067495989638882007-08-26T09:07:00.000-04:002007-08-26T09:08:21.854-04:00

Homeowners who accepted help to avoid foreclosure have gone to court with claims that they were stripped of equity in their homes.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-28216689770875477272007-08-22T10:50:00.000-04:002007-08-22T10:51:50.701-04:00

Local banks, wary of a credit crunch, have tightened lending standards, demanding borrowers have strong credit and more cash to put into home purchases.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-60079751764751312732007-08-20T15:40:00.000-04:002007-08-20T15:41:56.078-04:00

TALLAHASSEE, Fla. – Aug. 20, 2007 – Two homeowners-insurance companies have withdrawn requests to increase their rates.The Florida Office of Insurance Regulation said Friday that Amex Assurance Co. and IDS Property Casualty Insurance Co. withdrew their requests to raise rates for residential policies by 49.1 percent.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-83369167798011638762007-08-15T08:06:00.000-04:002008-12-13T08:31:31.513-05:00

Tax cut effect muted; savings slightAs local governments send out their early property tax notices, some South Florida property owners will learn they won't get as much tax relief as others.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com1tag:blogger.com,1999:blog-21632317.post-76443629824214683482007-08-11T13:29:00.000-04:002008-12-13T08:31:31.796-05:00

Select an experienced, full-time real-estate agent before you begin your search. Ask friends and family for referrals.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-53484368122024358242007-08-10T13:02:00.000-04:002007-08-10T13:04:13.114-04:00

The moderation is a piece of welcome news for prospective homebuyers, some of whom also have been faced with a situation of harder-to-get credit. In mid-June, rates on 30-year mortgages had climbed to 6.74 percent, an 11-month high.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-25733079835248837192007-08-10T09:30:00.000-04:002007-08-10T09:31:44.229-04:00

A good first step is to obtain counseling from a REALTOR® or lender. Consider where you want to live and hire a REALTOR® who knows the area and start shopping for your home.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-3165766601979608422007-08-08T07:37:00.001-04:002007-08-08T07:37:52.642-04:00

What happens to my mortgage if my lender goes bankrupt?

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-83078739983980847002007-08-05T07:48:00.001-04:002008-12-13T08:31:32.476-05:00

Shift by lenders faced with piles of bad loans threatens home-buying dream

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-10871695978181743632007-08-04T09:19:00.000-04:002007-08-04T09:20:00.732-04:00

Just in time for hurricane season, two Florida House members introduced a bill they say will lower insurance costs.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-6545157494909626962007-08-04T09:16:00.000-04:002007-08-04T09:17:18.441-04:00

Lawmakers and state regulators are calling on the insurance industry to explain why promised premium cuts haven't materialized.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-88368949015890883542007-08-01T18:23:00.000-04:002008-12-13T08:31:32.713-05:00

Feeling heat over enduringly high rates, Gov. Charlie Crist vowed to make sure insurers are following the law.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-59758475726012454212007-07-31T08:02:00.000-04:002007-07-31T08:03:40.519-04:00

A dozen Florida property insurers are sharply reversing plans to offer homeowners lower prices.Under the new insurance law, the state's insurers are supposed to pass along to homeowners savings they get buying reinsurance from the expanded Hurricane Catastrophe Fund.Consumers were supposed to see the revised rates by July 1.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-26880569983898871562007-07-31T07:57:00.000-04:002008-12-13T08:31:33.078-05:00

Florida Gov. Charlie Crist said Monday he expects the state to reject recent requests by property insurance companies to raise prices.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-57072601431952648882007-07-27T07:36:00.000-04:002007-07-27T07:37:00.377-04:00

Miami city commissioners Thursday set a cap for how high the city's property-tax rate can go in the upcoming fiscal year: $7.92 per $1,000 of assessed property value.That tax rate, a combination of the city's general operating and debt service rates, is a significant drop from the city's current $8.99 combined tax rate. Most other South Florida cities, however, are being forced to implement

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-77370082845913727542007-07-27T07:31:00.000-04:002008-12-13T08:31:33.600-05:00

A House panel OK'd expanding an insurance program to cover wind damage -- which could bring comfort to Florida residents

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-12746875477379736392007-07-24T21:29:00.000-04:002008-12-13T08:31:33.769-05:00

Kirby Collins does a great write up on "South Florida Real Estate Today".Thanks Kirby. I'm flattered. I appreciate your interest in my blog.It's all about real estate and real estate is what I do.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-64808898895903710332007-07-24T12:48:00.001-04:002007-07-24T12:48:40.602-04:00

Foreclosure properties, REO (Real Estate Owned) property owned by banks and other lenders, and properties threatened with imminent foreclosure all represent great investment opportunities for property buyers. They are the most popular source of affordable deals for those seeking bargain homes, because foreclosures often sell at or below wholesale prices.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-66270433912328638032007-07-24T12:37:00.000-04:002007-07-24T12:41:36.907-04:00

If you’ve been thinking about buying a foreclosure property as a smart investment or as a second home for your family, you may be on the right track. However, buying a foreclosed home is a task that should not be taken lightly. You need to know the ins and outs of foreclosures and that’s why Bargain Network has put together this must-know list of tips for buying such a property.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-65140446219879859472007-07-24T12:36:00.002-04:002007-07-24T12:37:49.038-04:00

If you’ve made the decision not to go it alone and work with an agent, your next step will be picking one out. Many rely on the recommendations of friends, lawyers or accountants. Even with those recommendations, you should interview prospective agents.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-62260329294223420792007-07-24T12:36:00.001-04:002007-07-24T12:36:43.930-04:00

Owning your own home is part of the American dream, a dream that’s become easier to attain in recent years. Nearly 7 in 10 American households own their own home, up from 44 percent in 1940. Still, a home is the biggest investment most people will ever make. So, you have to be sure you are ready. If you’ve just caught real estate fever, you could end up buying more home than you can afford.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-67263364645391243532007-07-24T12:33:00.000-04:002007-07-24T12:35:22.406-04:00

Finding Your Realtor When someone decides it is time to sell their home, they interview several Realtors from different companies to determine which one is best for them. They want someone who will represent them and someone they feel will do an effective job at marketing their home.However, when someone decides to buy a home, they usually end up with their Realtor through sheer accident. Why don

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-67886858251873271172007-07-24T12:28:00.000-04:002007-07-24T12:31:24.807-04:00

The Best InvestmentAs a fairly general rule, homes appreciate about four or five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region.Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could easily earn over the same return with a very safe investment in treasury bills or

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-86594468923570020882007-07-23T18:17:00.000-04:002007-07-23T18:19:42.227-04:00

WASHINGTON – July 23, 2007 – Two million more older adults could put their home to work for them during retirement under current Federal Housing Administration FHA reform proposals. The current FHA limit of $362,790 would rise to $600,000 if legislation in Congress becomes law.U.S. Department of Housing and Urban Development (HUD) Secretary Alphonso Jackson is urging Congress to quickly enact The

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-10273698638132892842007-07-23T07:20:00.000-04:002008-12-13T08:31:34.187-05:00

A different type of home loan, called a mortgage accelerator, has migrated to the United States. It uses home-equity borrowing and a borrower's paychecks to shorten the time until a mortgage is paid off, potentially saving tens of thousands of dollars in interest expense.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-42238903835933990942007-07-21T08:13:00.000-04:002008-12-13T08:31:34.574-05:00

If you'r thinking of buying your first home, it helps to have a game plan. Liz Pulliam Weston offers a practical, one-year plan for making your dream come true.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-41954757116145194902007-07-21T08:06:00.000-04:002008-12-13T08:31:34.739-05:00

Hard-core renters can come up with all kinds of reasons to avoid real-estate purchases. Here are some of the usual stories -- and why they just don't wash.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-86714352198283684392007-07-21T08:04:00.000-04:002008-12-13T08:31:34.995-05:00

Renting may be cheaper in the short run, but inflation -- yes, that boogeyman – is the homeowner's friend if you stay in your home longer than 10 years.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-55924057621455284302007-07-20T11:26:00.000-04:002007-07-20T11:29:49.943-04:00

Despite widespread predictions that the market will turn around next year, some first-time home buyers are hesitant to make their first home purchase and are choosing to rent instead."During the housing boom, the 'rent vs. buy' decision became a 'buy,'" says Manhattan real estate appraiser Jonathan Miller of Miller Samuels. "Now, nationally, the pendulum is swinging the other way."One reason is

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com1tag:blogger.com,1999:blog-21632317.post-35391352818709283732007-07-20T06:45:00.000-04:002008-12-13T08:31:35.181-05:00

Home insurers ask to raise ratesFlorida's insurance crisis persists as nearly two dozen companies have filed for rate increases, and State Farm plans to drop thousands of policies.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com1tag:blogger.com,1999:blog-21632317.post-9106564402768782942007-07-20T06:39:00.000-04:002007-07-20T06:40:26.770-04:00

City unveils low-income rent projectAt a grand opening for Miami's latest affordable housing project, Mayor Manny Diaz vowed to get the city's troubled housing agency back on track.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-58597830543279833782007-07-19T07:06:00.000-04:002008-12-13T08:31:35.825-05:00

“In signing these laws, we put people’s money back where it belongs – in their wallets and pocketbooks. By signing the people’s tax cut, the power to cut taxes even further is now in the hands of the people. On January 29, you will have the power to cut your property taxes in a historic way. Floridians will once again live the American dream of home ownership and have the freedom to follow their

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-76444516585092546002007-07-18T06:42:00.000-04:002008-12-13T08:31:35.998-05:00

The right phrasing in real estate listings can speed a sale and even boost the final price, a Canadian study says. And here's a tip: If you must sell, don't put "must sell" in your ad.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-39898286542286467312007-07-10T06:45:00.000-04:002008-12-13T08:31:36.221-05:00

Weston's mayor has asked the Florida Supreme Court to halt a January vote that would overhaul the homestead exemption, saying voters would be misled.What do you think? It would be interesting to see how Floridians feels about this issue.Share your comments below for all to see.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com1tag:blogger.com,1999:blog-21632317.post-49426567450764185722007-07-04T09:50:00.000-04:002008-12-13T08:31:36.366-05:00

MMAP HAP is designed to address the need of low/moderate income families in Miami-Dade County by providing down payment and closing costs assistance to purchase their first home. It serves as a primary channel through which financial assistance flows to assist in purchasing a home. The zero interest deferred loan program provides up to 6% of purchase price associated with first-time homebuyers

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-28680443446947619512007-06-29T08:46:00.000-04:002007-06-29T08:47:58.827-04:00

Comments made on Herald.comLocal government is concerned about Property Tax limitations? Please! Gov Crist is exactly right. Lack of accountability and proper management of funds is ramped in Miami Dade. Now that they face the possibility of having to tighten their belts...they complain and try to induce the thought that homestead exemptions will hurt the county's ability to provide crucial

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-90585158313720598032007-06-28T07:15:00.000-04:002007-06-28T07:17:09.301-04:00

New population estimates put Homestead at 53,767 residents in July 2006, up 21 percent from the previous July. It's the first time the city has been recognized by any outside agency as having a population of more than 50,000.''It confirms what we knew; we just needed to get it validated,'' said a jubilant Homestead Mayor Roscoe Warren. ``We're on our way. We are on our way.''In Florida, Homestead

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-18295619992868033802007-06-26T07:05:00.000-04:002007-06-26T07:06:15.639-04:00

These are the South Florida cities being forced to hold tax collections steady, but not required to make additional cuts:• Cutler Bay• Dania Beach• Doral• Indian Creek• Islandia• Lauderdale-by-the-Sea• Lazy Lake• Miami• Miami Gardens• Miami Lakes• Opa-locka• Palmetto Bay• Southwest Ranches• West Park

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-4547146887181908382007-06-25T06:32:00.000-04:002007-06-25T06:33:27.655-04:00

Either because they're only a couple of years old, or because of the past or present state of their finances, some South Florida cities will escape the deepest budget cuts in the property tax plan.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-78682119215091738442007-06-22T06:41:00.000-04:002008-12-13T08:31:36.546-05:00

Gov. Charlie Crist signed into law the first piece of the largest tax cut in Florida history Thursday with a trip around the state that brought him to the homes of three recent home buyers -- the one group that will reap the most savings if voters support phase two of the tax-cut plan.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-41632544343870323272007-06-21T06:56:00.000-04:002007-06-21T06:57:44.952-04:00

Millions of Americans are using home-equity loans and lines of credit for splurges. That's risky. But for better investments, these loans can make sense.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-57383288296820248512007-06-15T07:04:00.000-04:002007-06-15T07:05:49.883-04:00

Florida lawmakers passed two major pieces of legislation Thursday to cut property-tax rates. Here's a look at each:

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com1tag:blogger.com,1999:blog-21632317.post-909761225053468302007-06-13T07:06:00.001-04:002007-06-13T07:06:49.741-04:00

Fort Lauderdale -- A delegation from Broward County's real estate industry implored state Rep. Ellyn Bogdanoff, R-Fort Lauderdale, on Thursday to push for the deepest possible property tax cuts during next week's special legislative session.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-82025495514252991672007-06-13T07:00:00.000-04:002008-12-13T08:31:36.783-05:00

Florida lawmakers are discovering they may not be able to cut property taxes sharply while maintaining vital services.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-62999430460564710122007-06-11T06:44:00.000-04:002007-06-11T06:45:10.301-04:00

Legislative analysts estimate the proposed tax cut plan will have the following impact.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-62754108629765869232007-06-11T06:34:00.000-04:002008-12-13T08:31:37.101-05:00

There's a flood of foreclosures coming -- about 1.1 million of them, a new study estimates. Here are the borrowers who are most likely to lose their homes.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-17422965652485665932007-06-09T07:08:00.000-04:002007-06-09T07:09:19.255-04:00

Tax plan: Big savings, major cutsThe details of the Legislature's plan to cut property taxes called for record tax cuts that would benefit taxpayers but would hit schools harder than originally expected.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0tag:blogger.com,1999:blog-21632317.post-74866755951501838342007-06-08T06:44:00.000-04:002008-12-13T08:31:37.332-05:00

Home shopping is a high-stakes, stressful venture. Here are 24 tips to help you through the biggest purchase of your life.Select an experienced, full-time real-estate agent before you begin your search. Ask friends and family for referrals.

Robert Brutushttp://www.blogger.com/profile/05575457294626635829noreply@blogger.com0