Stocks were listless today after a pair of economic releases indicated a manufacturing slowdown in the U.S. and China.
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Americans punch the clock on the Time Use Survey
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Aventura Short Sales
A short sale occurs when a lender agrees to receive less than the full loan balance due to a hardship on the part of the borrower. A short sale is a negotiation done through the lender’s Loss mitigation department. The distressed homeowner hires a licensed REALTOR to list, market and sell the property for its current market value, even if less than the outstanding balance of the loan. Since the lender is receiving less than what it is owned, a short sale requires the lender’s approval before the sale can close.
A short sale is executed to prevent a home foreclosure. Lenders will approve a well planned, well prepared, well presented short sale in order to avoid the costs of a foreclosure that can reach tens of thousands of dollars.
The advantages that a successful short sale brings to a homeowner are too numerous to list here, but they include the end of the foreclosure proceedings against the borrower, minimum impact on the credit history (compared to the devastating impact a foreclosure would bring), ability to maintain current employment and obtain future employment. A short Sale is a complex, detailed and time consuming transaction and a distressed homeowner’s financial future solely depends on his/hers decision of hiring a professional who specializes in and is an expert on Short Sales.
SELL YOUR AVENTURA REAL ESTATE WITH
Green Realty Properties® ~ 954.667.7253
Patty Da Silva CDPE – BROKER at Bank of America Conference
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Should we spend money on experiences or things?
What was the first concert you ever went to? I’ll bet you don’t have to think very long – and neither do I. I went to see James Taylor play at a theater in Pittsburgh with my best friend Susan Rosenberg. Yes, I was one of those girls – and so was she – who at 14 or 15 not only knew every word to You’ve Got A Friend
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A tax or not a tax, that is the question
~ Under the Affordable Care Act (ACA), individuals who choose not to buy health insurance in 2014 or after will need to make a “shared responsibility payment,” which is called a “penalty” in the ACA.
~ While I agree with most of the Court’s holdings, I do not agree with the finding that the penalty is a tax and is therefore constitutional.
~ In my opinion, the Supreme Court’s ruling on the ACA is unfortunate, as it could legitimize less transparency in legislating rather than more…. Continue at source:
Purchasing Managers Index contracts on weak new orders
Pessimism about the future is feeding into a slowdown today. Failure by politicians and bureaucrats to deal with pressing problems in Europe and the impending fiscal cliff in the U.S. is the biggest threat to the economy and the markets…. Link to article: