PARADISE: 716 beautiful Mediterraneam-style luxury homes on 653 lush acres, 27 golf holes, 13 tennis courts (7 lighted, 1 grandstand court), 42,000 sq ft clubhouse, dining, card rooms, resort pool, fitness, 5 miles of bike trails, basketball, playgrounds, 4 mini-parks, near highways, culture, beach. A perfect lifestyle! Luxury Country Club Specialist MARILYN JACOBS will quickly sell your home and/or find you the HOME OF YOUR DREAMS (561-302-3388). NOW is the time to "make a move."
Thursday, July 23, 2009
NEW PLAN BEING DISCUSSED FOR HOUSES IN FORECLOSURE
According to the Florida Association of Realtors, a plan being developed by both Obama and Congress will allow homeowners to rent their foreclosed home for at least 5 years, maybe as long as 10 years.Motivated by the thought that Florida doesn’t need any more vacant homes, and that the modification plans have not been as successful as Congress hoped, the overall economy as well as the real estate situation in Florida could change for the better with this plan.Florida’s foreclosure rate remains third highest in the nation.One in every 33 households received a default notice, auction notice or bank repossession.One plan is for lenders selling foreclosed homes to approved professional landlords.Another idea is for lenders to sell to private investors, or keep the home and hire a management firm to handle the rental.However, some warn of banks wanting to shed properties rather than become landlords and selling to low-balling investors, which would knock prices farther down.