Helping you Find Your Way Home! » broward

George B Jones Park for People and Pups

Jeannette Neerpat — Thu, 03 May 2012 21:25:39 +0000

A park just for dogs here in Tamarac, Broward County, Florida. George B Jones Park for People and Pups. Located off of Southgate west of University.

What Is HAFA?

Jeannette Neerpat — Mon, 16 Apr 2012 15:25:58 +0000

If you are wondering what HAFA is, here is a video that briefly explains it. If you still have questions please feel free to contact me at 954-993-4104, or email me at Jeannette@CondoDomain.com.

Jeannette Neerpat
CondoDomain
Better Homes
7727 NW 79th St
Tamarac, Fl 33321
954-993-4104
Jeannette@CondoDomain.com

Wait I have to sell my house as a Short Sale?

Jeannette Neerpat — Wed, 28 Mar 2012 01:34:39 +0000

Which path should I take?

I have to sell my house as a Short Sale?

Ok I had to tell someone today, I know that you think your house is worth more, but once you break down the numbers, its in black and white.

You either accept that you have to sell your house as a short sale, bank gets there amount on the loan you you don’t have to bring cash at closing.

Or if not, you will wind up having to pay at closing, now this is only your half, close to $10,000, and again this is only your half.

If you sell as a short sale, then the bank breaks even, not really a loss on there end.

But the payoff is..

Her responce, but the payoff is this amount.. Yes but to bring it current, this is the banks payoff is. I know it is hard to understand, but these are the final numbers.

Funtastic Bounce House

Jeannette Neerpat — Sun, 22 Jan 2012 05:56:43 +0000

If you have never been to Funtastic’s in Tamarac is a full bounce house playground for the kids. There are some arcade games, party rooms, dance floor, cafe(for the parents). It’s on the corner of Mcnab and University.

Have you sold your home as a Short Sale Recently?

Jeannette Neerpat — Thu, 12 Jan 2012 15:55:10 +0000

Have you sold your home as a short sale recently?

If you have you may be entitled to some Tax Relief. Here are 5 of the ten tips from the IRS page.

IRS Tax Tip 2011-44, March 3, 2011

If you are a homeowner whose mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income.

Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness.
1. Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up to $2 million of debt forgiven on your principal residence.
2. The limit is $1 million for a married person filing a separate return.
3. You may exclude debt reduced through mortgage restructuring, as well as mortgage debt forgiven in a foreclosure.
4. To qualify, the debt must have been used to buy, build or substantially improve your principal residence and be secured by that residence.
5. Refinanced debt proceeds used for the purpose of substantially improving your principal residence also qualify for the exclusion.

For any other Tax Questions, please contact your accountant….

Jeannette Neerpat
Condodomain.com
7727 NW 79th St
Tamarac, Fl, 33321
954-993-4104
Jeannette@Condodomain.com

So you are ready to buy…. Now What?? Part 2

Jeannette Neerpat — Mon, 24 Oct 2011 21:56:58 +0000

You are ready to buy your First Home, you found your Realtor now you want to know the next step? Getting your Pre – Approval letter. Here is some information on Pre – Approvals. Know the steps you need to take, know what you are getting into before hand. You don’t want to take any risks after you bought your First Home…..

What is a Pre-Approval?

“Pre-approval” means you have met with a loan officer, your credit files have been reviewed and the loan officer believes you can readily qualify for a given loan amount with one or more specific mortgage programs. Based on this information, the lender will provide a pre approval letter, which shows your borrowing power. You can visit as many lenders as you like and get several pre-approvals, but keep in mind that each one carries with it a new credit check.

Although not a final loan commitment, the pre approval letter can be shown to listing brokers when bidding on a home. It demonstrates your financial strength and shows that you have the ability to go through with a purchase. This information is important to owners since they do not want to accept an offer that is likely to fail because financing cannot be obtained.

How do you get pre-approval?
Real estate financing is available from numerous sources, including lenders here in the finance section of Realtor.com, mortgage companies that have worked with local REALTORS® and in some cases, individual REALTORS® themselves. Based on his or her experience, the REALTOR® may suggest one or more lenders with a history of offering competitive programs and delivering promised rates and terms.

The loan officer will carefully review your financial situation, including your credit report and other information. The lender will then suggest programs which most-closely meet your needs. For instance, a first-time buyer may qualify for an FHA Loan putting down as little as 3.5% with a credit score of 620, while a repeat purchaser (someone who has bought a home before) with more equity (money invested in the home) might want to get a 15-year loan and the lower overall interest costs it represents.

Jeannette Neerpat
CondoDomain.com