Friday, December 18, 2009

BANK OWNED FORECLOSURE OF THE DAY


Royal Palm Beach, FL.

Two story single family home, 4 bedrooms, 2.5 baths, 2 car garage, 2267 square feet under air. Tiled floors, spa tub in master bath. Built 2003, concrete block construction, nice preserve and wooded views. Homeowner's association fees only $275/mo, covers lawn care.
ID: FB3791

Final Judgment $318,465. Asking price $205,000.

***Bank owned properties are extremely competitive in this area and most often have multiple offers the same day they hit the market, sometimes within hours.

If you are interested in this property, you need to act immediately. Please call us for details. 561-427-0470 (Peggy or Andrea).


Wednesday, December 16, 2009

BANK OWNED FORECLOSURE OF THE DAY


Boynton Beach, FL.
Magnificent two-story 4 bedroom, 3 bath home, with 2 car garage, 2978 square feet under air Concrete block construction, knockdown walls, tiled counters, tiled living areas, needs very minor TLC, built 2004. Gated community offers pool, playground and more. Homeowner's association fees only $150/mo.

***Bank owned properties are extremely competitive in this area and most often have multiple offers the same day they hit the market, sometimes within hours.

If you are interested in this property, you need to act immediately. Please call us for details. 561-427-0470 (Peggy or Andrea). ID: FB3790

Monday, December 14, 2009

Palm City, FL - Single Family Home

Beautiful pool home with great view of the pond & golf course. 4 bedrooms, 4.5 baths, 3 car garage, 4806 square feet under air. Large stainless steel kitchen with wine cooler, formal living and dining rooms with fireplace. Gated community allows pets. ID: FB3788

Last sold 2006 $1,139,000. Asking price $661,400.

Bank owned properties are extremely competitive in this area and most often have multiple offers the same day they hit the market, sometimes within hours. If you are interested in this property, you need to act immediately. Please call us for details. 561-427-0470.

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House kills mortgage relief in Wall Street bill

WASHINGTON – Dec. 14, 2009 – The House has rejected an effort to expand a Wall Street regulation bill with mortgage relief that would let debt-ridden homeowners reduce their payments in bankruptcy court. The vote was 241-188 to reject.

The provision would have revived a previous bill that passed the House but later failed in the Senate.

Democrats hoped that by inserting the provision in the regulatory legislation they would have had another opportunity to make it law. Aiding homeowners through bankruptcy had been a key feature of President Barack Obama’s foreclosure fighting proposal, but the president did not push for it.

Banks and credit unions have lobbied against the bankruptcy measure. They say it would force a flood of bankruptcy filings and ultimately drive up mortgage rates.

Federal help may be on way for homeowners with defective Chinese drywall

WASHINGTON – Dec. 14, 2009 – The U.S. Department of Housing and Urban Development (HUD) will soon issue guidelines on how homeowners with defective drywall can apply for federal money, according to a letter sent to U.S. Sen. Bill Nelson of Florida.

Department Secretary Shaun Donovan had previously suggested during a trip to Florida that homeowners may be able to find funding under the Community Development Block Grant program.

That program is geared toward helping communities avoid blight by aiding low-income households or areas affected by natural disasters.

However, because the defective drywall problem is unprecedented, affected homeowners who have tried to apply for one of the grants have so far often been met with blank stares. In addition, the grants are generally only given to households below a certain income level, furthering the confusion over whether many of the affected homes in Palm Beach County would be eligible.

However, it appears that the housing department will soon be explaining how affected homeowners may be able to get federal assistance for their tainted drywall problems.

“The guidance will provide details about the eligible activities relating to drywall remediation, and the ways in which (block grant) funds can be used to benefit families with various income levels,” Donovan wrote to Nelson in a letter dated Monday.

“It is my expectation that this guidance will be valuable in helping affected communities and homeowners determine how best to respond to this set of issues,” he continued.

The federal government has received 2,276 complaints of defective drywall from homeowners in 32 states, the District of Columbia and Puerto Rico. More than two-thirds of those complaints are from homeowners in Florida.

The defective drywall gives off a sulfuric gas that is thought to corrode metal components in homes and is blamed by many for health problems. Most of the defective drywall appears to be Chinese-made, although some homeowners have complained of the same problems with domestic wallboard.

Tuesday, December 8, 2009

ATTENTION BUILDERS AND CONTRACTORS


Delray Beach, FL.

This property is not a foreclosure but too good a deal not to send out. Huge 6 bedroom, 5 bath lakefront estate home with 3 car garage, infinity pool, 5564 sq ft under air. Former model on huge 1/3 acre cul-de-sac lot with circular driveway. Gated community. Fire damage created this incredible opportunity for the right buyer.

Previously sold in 2006 for $1,450,000. Asking price $249,900.

***Bank owned properties are very competitive - act immediately or risk losing out. For a full list of foreclosures, call Peggy 561-301-2243 or Andrea 561-543-8715. ID: FB3784




Monday, December 7, 2009

BANK OWNED #FORECLOSURE OF THE DAY

Lake Worth, FL

Large 3 bedroom, 3 bath home with 2 car attached garage, 2696 square feet under air, built 2003. Almost 1/4 acre lot. A HomeSteps property, up to 3.5% closing costs paid for owner-occupied sales with financing (or up to 1% for owner-occupied cash sales). Homeowner's association fees only $180/mo, includes lawn care and pest control. Needs appliances.

This model sold during the boom for $420,000-$490,000. Bank asking only $259,000.

***Bank owned properties are very competitive - act immediately or risk losing out. For a full list of foreclosures, call Peggy 561-301-2243 or Andrea 561-543-8715. ID: FB3783