Find your listing .. Visit Our SitesUSA Lending And Realty.. andThe World For Sale
Visit Our Site For “Your full service mortgage and loan pros” …USA Lending Inc
Search for More Listings in OurLoopnet account
To Search in Arabic .. Please VisitIstithmar USA
To Search in Spanish … Please visitpropiedad para laventa
Visit the Miami Bright Education Foundation pages and readAbout itandits articles….
Contact Emile Ur-cousin Farah
phone: (305) 754-1000
Email: farah@theworldforsale.net
For More information FOLLOW this steps :Investor-Commercial Users
Contact Nader Farah
Nader sells Miami
Nader is an expert
Nader Farah knows real estate
Nader knows more than anyone
Call Nader for all your real estate needs
Nader is the king of real estate
No one sells like Nader
Links For the world:
6 Tips for Staying Compliant with Fair Housing Laws
Today’s Best Real Estate Blogs
What Are the Best Real Estate Investments? How to Find the Ideal Place to Put Your Money
The 3 Critical Elements of Human Happiness (& Why Unlimited Money Isn’t Enough)
5 Expert Tips to Attract Cream-of-the-Crop Tenants
How to Conduct an Inspection When Your Tenant Moves Out
4 Steps to Take Immediately After Selling Your Rental Property
5 Ways Landlords Can Achieve Better Tenant Stability
Property Depreciation: Why the Tax Benefits Could Come Back to Bite You
Rethinking “Wealthy”: The 5-Step Ladder From Middle Class to Financial Freedom
How to Pay Yourself When Buying an Apartment Building with Investors
It looks like the legal fight between developers and unit owners of an aging North Miami condo complex is starting to boil over.
This week, developers of the ultra-modern Apeiron project and the condo associations of the Jockey Club lobbed lawsuits at each other aimed at control of the condo complex’s common areas.
Apeiron Miami, led by Horst Schulze, Michael Bedner and Muayad Abbas, wants to build an ultra-modern condo and hotel complex on 13 acres of common grounds at the Jockey Club condo complex at 11111 Biscayne Boulevard, which it purchased for $3.25 million in 2014. Plans call for two 40-story towers with a total of 90 hotel rooms and 240 condos, with the residences receiving service from the hotel portion. As it stands now, the Jockey Club complex has three condo towers, two of which are 21-stories and one is 13-stories. They were built between 1971 and 1982 and house 411 units in total.
In March, the Apeiron team ran into trouble when the condo associations of two Jockey club towers — Jockey Club I and Jockey Club II — filed suit to try and stop the development, alleging Apeiron was trampling over a pair of binding agreements dating back to 1977 and 1995 that essentially blocked all further development at the club.
The situation became even messier when Jockey Club III pledged support for Apeiron, with the other two associations alleging their counterpart had been bought out by the developer to the tune of $10 million.
These most recent suits were filed in quick succession to the 11th Judicial Circuit Court of Miami-Dade County.
On one end, the Jockey Club I and II associations are alleging that Apeiron is trying to wrest control of maintenance for the common areas, and that Jockey Club III has stopped making any contributions to the shared maintenance costs.
Glen Waldman of Heller Waldman, the plaintiff’s attorney, told The Real Deal that Apeiron’s strategy is to leverage control of the common areas to help gain county approvals for its project.
Waldman said that could lead to neglect for a number of necessary maintenance issues in the complex, because Apeiron wouldn’t want to fix something it is going to demolish in the future.
“On their best day, they won’t be shoveling the ground for one to two years,” he said. So Apeiron is basically saying “‘We’re not going to fix it, because eventually we’re gonna build here.”’
The suit the associations have filed is seeking damages and relief from Apeiron, which would legally prevent it from taking over management of the Jockey Club’s common areas, as well as requesting that Jockey Club III continue making its maintenance payments.
The point of view painted in Jockey Club III’s suit, however, is much different. It alleges that the Jockey Club’s maintenance has been severely mismanaged, with no official budget, work done without permits that has drawn notices of violation from the county, and no payroll records for employees.
Jockey Club III filed an emergency motion with the court to have a third-party receiver appointed for managing the common areas, though the judge has since ruled that the situation is not an emergency.
“We’re optimistic that we have clear legal standing to proceed with Apeiron at the Jockey Club, and we look forward to delivering a first-rate project that includes major property improvements that will benefit all Jockey Club residents,” Abbas, one of the Apeiron’s developers, said in a statement. “Unfortunately, current residents – many of whom support Apeiron – are now stuck paying the steep legal bills that their Condo boards have saddled them with by filing these lawsuits.”
For the past few years, the housing market has been unbalanced. Strong demand and lean supply keep pushing prices higher and higher.
On Wednesday, a fresh piece of data confirmed that trend. The Mortgage Bankers Association’s weekly purchase loan data showed that the average size of a home loan was the largest in the history of its survey, which goes back to 1990.
Higher prices have a few different effects on the market. Buyers have to make tradeoffs on the kinds of homes they can afford, or may be shut out of ownership altogether.
They may also adjust their borrowing. Larger mortgage sizes may reflect not just more expensive properties, but also more leveraged ones.
The 20% down payment is a relic: the median down payment in 2016 was 10%. For first-time buyers, it was 6%. First-timers and other buyers of less-expensive homes are more leveraged now than they were at the height of the housing bubble a decade ago.
Find your listing .. Visit Our Sites USA Lending And Realty .. and The World For Sale
Visit Our Site For “Your full service mortgage and loan pros” … USA Lending Inc
Search for More Listings in Our Loopnet account
To Search in Arabic .. Please Visit Istithmar USA
To Search in Spanish … Please visit propiedad para laventa
Visit the Miami Bright Education Foundation pages and read About it and its articles ….
The number of homebuyers considering a riskier mortgage — a kind of loan that became notorious during the housing boom and crash — has doubled since the presidential election.
Last week, 9 percent of total home loan applications were for adjustable-rate mortgages, or ARMs. That’s twice the level seen in the first week of November 2016. It’s also the highest level since October 2014, according to the Mortgage Bankers Association.
“We’ve had more inquiries about ARMs, hesitantly, but the questions are there,” says Pava Leyrer, chief operating officer of Northern Mortgage Services. “It’s just not about the rate. Housing is so extremely tight with bidding wars that people feel pressured to raise their price and need a lower rate, but in many cases, it’s not enough to make a difference.”
The average rate for 30-year fixed-rate mortgages was at 4.46 percent last week, while the 30-year fixed-rate loan backed by the FHA — popular among first-time homebuyers — increased to 4.33 percent from 4.29 percent the week before.
By contrast, the average rate for a 5/1 ARM — fixed rate for five years and variable after that — fell to 3.41 percent from 3.45 percent.
The difference can really add up. The monthly payment for a 30-year loan at the current rate on a $180,000 mortgage is $807 (not including taxes and insurance). For a 5/1 ARM at the current rate, it’s $710 (without taxes or insurance). However, that payment can adjust either up or down after five years, depending on the interest rates at the time.
Paying off your mortgage can feel like endlessly feeding dollars into a vending machine and not getting to enjoy that candy bar until your appetite has disappeared. But trust us, eventually, your mortgage will be paid off and the return on the investment will be a sweet reward!
That said, you can work to shorten the total time until your mortgage is paid off and enjoy that reward sooner. Making one extra mortgage payment a year can shave off years of interest payments on that abode in San Francisco, CA, or that home in Colorado Springs, CO. What’s the key to making one extra payment this year?
Before you decide how you’ll make an extra payment this year, use mortgage calculators to understand why making an extra payment can save you years of payments down the road. For example, say you begin paying back a $150,000 mortgage with a 4% interest rate. Following a standard 30-year payment schedule, you can expect to pay off your mortgage by January 2047. But if you were to contribute one additional $716 payment each year, you could expect to pay off your mortgage in January 2043. That shaves a full four years off the total repayment time! Not a bad deal.
Shelter is one of life’s basic necessities. The biggest problem for millions of people around the world is that housing is often not affordable. What percentage of the average monthly income is required to afford the average mortgage payment? How much is rent in a local city compared to average New York City prices? This infographic examines the affordability of mortgages and rent in 102 countries around the world in a spectacular data visualization.
It almost goes without saying that taking care of a family on one person’s income can be burdensome. For this reason, single mothers may feel tempted to just focus on paying the bills each month.
Single mothers don’t need to reduce their dreams to merely consisting of short-term goals. This is particularly true when it comes to owning a family home.
Various special interest home incentives for single mothers will help make the dream of an affordable home a reality.
FHA loans are a great resource for moms looking for a good interest rate on a home purchase. With only a 3.5% down payment, moms receive a 96.5% mortgage loan. FHA loan terms offer several advantages, including:Lowered Closing CostsEasy Approval for CreditSmaller Down Payments
Single mothers who live in rural areas should also consider Rural Housing Direct loans. These loans are 100% financing loans funded by the government. All homes will be in rural areas, and loan terms will typically be 33 years. As such, these loans are ideally suited for moms who don’t plan on moving from their family home.
Applicants will need to have a low income (typically 50 to 80 percent of the median income in the area) and must be unable to obtain credit elsewhere. While this program is not an outright grant, it is an extremely generous loan that makes the dream of homeownership a reality for low-income moms living in rural areas.
10 Motel units for sale. All have outside entrances, full baths, & furnished with parking lot in rear. Adjacent house included in sale. Both are zoned commercial C3. Asking price is $550,000. Owner financing is available with 20% down payment.
Studio Six
Sagmeister & Walsh
Geyrhalter & Company
Samsung
Ford Motor Company
American Society Appraisal
United State Appraisal
D.R. Horton Inc
Pulte Group Inc.
Lennar Corp
Toll Brothers Inc
Hovnanian Enterprises, Inc