***Just Listed*** Short Sale 7391 Cleveland St, Hollywood, Fl

Short Sale listing. Magificent home that is just waiting for you to come home!

Crown moldings, tile floors with many upgrades. Don’t let this deal pass you by.  3 Bedrooms 1 Bath

***Open House*** 2500 NW 99th Way, Sunrise, Fl

 

Open House ~ 2500 NW 99th Way, Sunrise, Fl

Saturday July 31, 2010 12 – 4.

Magnificent home, turn key ready, Laminate flooring, Corner home at the end of the street. Come and meet with me. Refreshments will be served.

My Personal Commitment to You!

Market Report Sunrise June 2010

Do you want to know what is selling? What price range is selling? And whether its a Short sale vs. a Foreclosure vs. Owner.

Are you waiting to buy, looking for the right time? This will be that time to jump the fence! Take a looke…

Jeannette Neerpat

Tamarac Homes Sales May 2010

Are you looking to see how Tamarac is holding up to home sale? Here is the latest for May 2010. Ranging Home prices are from $300,000 to under $100,000.

On top of that we have the range of Home Ownership vs Foreclosure vs Short Sales. You will see that Foreclosure and Home Ownership are equal and that there are not that many Short Sales..

If you still thinking about buying a home, now is still the perfect time to buy..

Let me help you find your way to your new home.

Woodmont home owners wins!

Wow! That’s all I can say, is Wow! I am doing my happy dance! Man these last few weeks have been nothing but meetings and writing.

Have been so upset with the thought of the possiblity of losing the beautiful backyard view of the Woodmont Golf course. I am sure you are aware that there was an application to change the land use from recreational to residential/commercial use.

Lennar homes has been trying real hard to purchase this particular land. They were not expecting the home owners to come out in full force. Petitions, standing outside of City Hall with special shirts that said No Land Use Change. Guess the City Commissoners and the builders knew they lost this round, as the notice says.

I still need to continue this fight, why? There is a possiblity that they will try to come and purchase it again. We fought the sell in 2007, now in 2010 and maybe in 2013. Who knows, but we will fight again then.

So Woodmont home owners, pat yourself on the back for now and take a rest, we won!

Jeannette Neerpat

Thank God I am not a Short Sale!

Let me start by saying thank goodness I am not a short sale!! Let me explain how I got to this. As you have read over the past few days I have been fighting Lennar Homes over the land use here inWoodmont. Our community is having an emergency meeting tom night and the president of the association rang my doorbell and asked if in my Warranty Deed was there any mention of the golf course.

I told them I would look at my deed and bring it with me. So I pull out the folder I had from when I closed on my house close to 10 years ago, and before I was a REALTOR. Going through all those pages I couldn’t find my Warranty Deed nor my Title Insurance. So that got me into thinking of when I was suppose to get them. I thought it should have been in that package.

So now on the hunt to find these papers. I called the title company that I did my closing and come to find out that they are no longer in business. OK now where do I go. I wasn’t sure if I was suppose to call the mortgage company I am with now since I had refinanced two years after I bought the house to change the type of mortgage I got, but changed companies at the same time.

I told myself what the heck let me give it a chance. I called the first time and the number they gave me was a fax, I called a second time and spoke with someone else. Then we got to talking as to why I needed the number. The guy was able to email me the Title Insurance and told me that I can find the Warranty Deed info through them.

So now we are calling this company and trying to read the papers of the insurance was confusing because they were asking me for the OR number. He looked up the number and couldn’t find the Warranty Deed. My thoughts are, Are you kidding me, was it not recorded? Do I own my house? The man just told me to calm down, we will figure this out. I then told him about this being the REFI and not the actual purchase.

He checked another place and viola, there it was, it was on a whole other page. Now what I need to do is to take that number and page down to the Broward County Courthouse and get copies.

But can you imagine if I was a Short Sale how crazy this would be, not having the right papers here, the refi, different pages. Glad I was able to figure it out and now pick up the papers tom.

Have you bought your home recently? I suggest you check to see if you have your Warranty Deed and Title Insurance. I gets sent to you after you close your home. I think somehow mine was not sent. I might not be the first person who is going through this, but at least you know what I had to do to find it.

Jeannette Neerpat

Should I get a Home Inspection?

Another question that is asked quite often is whether or not they should get a Home Inspection, even when a home is fairly new. Now my answer is: Yes, You should always get an inspection.

There are times that homes look like things are ok, but sometimes things are suttle and you may not see it. An inspector can and will inspect every part of the home.

Home Inspections: Borrowers are encouraged to obtain a detailed home inspection of the property. Borrowers should research home inspector’s qualifications and designations to ascertain that they feel comfortable with the individual they hire. HUD does not maintain lists of approved Home Inspectors.

Jeannette Neerpat
Helping You Find Your Way Home!

Which Is Better: Fixed Rate Mortgage Or Adjustable Rate Mortgage?

People often assume that because adjustable-rate mortgages “share risk” between mortgage lender and mortgage lendee, they will be rewarded with a lower mortgage rate than if they chose a comparable fixed-rate mortgage.

The chart at the left proves that thinking false.

Three separate times since mid-September, 5-year ARMs priced worse than a similar 30-year, fixed rate mortgage.  It’s atypical, but it does happen from time to time.

And it’s also why locking mortgage rates is like running a Peyton Manning offense — you can’t call a play until you’ve stepped to the line and studied what’s on the other side of the ball.

Before settling on a specific mortgage plan, remember that mortgage markets change daily and mortgage rates change every 3 hours, 11 minutes.  A 5-year ARM may look cheaper in the morning, but by the afternoon, it could be losing out to the 30-year fixed and — all things equal — it’s better to take that fixed-rate mortgage at a lower rate if it’s available.

Jeannette Neerpat
Helping You Find Your Way Home!

Questions about FHA Guidelines

I was out with buyers this weekend and one of the homes they like had missing appilances. One of the questions they had is whether or not they would be able to put in an offer with this home considering it was missing them. I had been under the impression that you couldn’t purchase a home with an FHA loan without the appliances.

So I told them let me do a little research on it. And as it turns out I was wrong and I would be the first person  to admit when I am wrong. So I decided to go ahead and post the answer here, just in case someone else had the same question.

Now I have decided to go ahead for the next few days to post some question and answers to some FHA guidelines.

Appliances: The Valuation Protocol (page D-26 of Appendix D, Handbook 4150.2) requires the appraiser to note the appliances that are present in the home at the time of inspection and whether the appliance is considered personal property or part of the real estate. The protocol further directs the appraiser to treat non-functioning appliances/equipment as deferred maintenance in the valuation process.

The manner in which an appliance is attached to the dwelling would determine whether or not an appliance should be considered part of the real estate. In some real estate markets, it may be typical and customary for certain appliances to convey with the real estate. In these situations, those appliances should be considered real estate and treated as such in the valuation of the property.

In some cases, such as that of REO properties, all or some of the appliances may be missing and there may be damage to the floor, wall or ceiling finish as a result of the removal. Depending upon the magnitude of the damage, the appraiser is expected to treat the damage to the home as deferred maintenance and reflect such in the conclusion of value. Missing appliances must be addressed by the appraiser in the valuation process, particularly when the comparable sales included a full complement of working appliances.

In cases where appliances are missing and minor repairs may also be needed, lenders are encouraged to have the borrower take advantage of the Streamlined 203(k) loan product, which has no minimum repair cost threshold and is designed to cover such improvements/replacements.

Jeannette Neerpat
Helping you Find Your Way Home!

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