Head on out to Doral Park Country Club for some fun in the “hopefully” sun.

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178

Independence Day National Anthem Singing Contest
Sign up for the opportunity to sing the National Anthem in front of more than 25,000 attendees during the City of Doral’s biggest event – the Independence Day Celebration!
For Information Contact:
Maggie Santos at maggie.santos@cityofdoral.com or call 305-593-6600.

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178

5 Steps for a Successful Short Sale

Lenders and the federal government, prompted by the sheer volume of loan modification and short sale requests, have overhauled their systems and programs, making the foreclosure avoidance process much easier than in the past.

If you are considering short selling your home to avoid the financial and emotional fallout of foreclosure, you should be aware of the five steps you should take to increase your chances of a successful transaction.

First, do you qualify?

You must:

1. Have a verifiable hardship, like unemployment, medical bills, or relocation
2. Must have a monthly income shortfall
3. Be insolvent (you have no cash or assets that can be sold to pay down the mortgage), or headed towards insolvency

If you meet these qualifications, follow these five steps to a successful short sale:

1. Contact me so we can identify your servicer, fill out a short sale packet for the lender, and assemble all the required information needed to list your home for sale
2. Gather financial information (i.e., bank statements, pay stubs) from at least the last three months
3. Keep your house in showcase condition for showings, and make as many repairs as necessary and that you can afford
4. Expect the lender, junior lien holders, and private insurance companies to request more paperwork, and try to gather requested information quickly to ensure transaction efficiency
5. Set realistic expectations and work with me, the lender, and the buyer to the satisfaction and benefit of all parties involved

For more information about how the short sale process works, or about any other foreclosure alternatives you may qualify for, call me today. I can help you alleviate the burden that the threat of foreclosure brings, and we can develop a strategy to help you breathe a little easier.

In Doral at this time there are only 40 properties (single family & condo’s) listed as available for sale. A big difference from almost three years ago with about 500 short sale listings listed at any given time.

There are 67 recorded short sales in Doral year to date, prices range from $69,300 – $650,000. So as you can see, we have tamed the distressed property monster in Doral.

*Data Source-Miami Board of Realtors.

IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

 

                                   10728 NW 58 ST, Doral, Fl 33178

We owe it all to you…

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178

Orlando is best U.S. city to flip homes for profit

ORLANDO, Fla. – May 2, 2013 – In which U.S. cities is a home flip – one bought and resold in 90 days or less – most profitable? A RealtyTrac analysis determines that Fla. has five of the top 10, including the nation’s most profitable city for flipping: Orlando.
In addition to five in the top 10, an additional city made it into the nation’s top 25 for flipping. Overall, Florida cities competed largely with California cities in the RealtyTrac rankings.
RealtyTrac based its cities list on total gross profit earned from a home flip in 2012.
Florida rank of top U.S. cities for home flipping
1. Orlando – 1,912 flips – 63% gross profit
4. Tampa – 3,033 flips – 43% gross profit
6. Miami – 4,299 flips – 37% gross profit
7. Lakeland – 660 flips – 37% gross profit
9. Sarasota – 999 flips – 34% gross profit
20. Cape Coral – 1,547 flips – 15% gross profit
The full report can be found on RealtyTrac’s website.
© 2013 Florida Realtors®

 

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178

Come on out of the dark America, and head on out to be part of Doral’s National Day of Prayer day.  After all, America was founded under GOD”S principles. In GOD we trust!!

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178

 

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178

‘Make your City Green”    April 22, 2013, 09:00 A.M. – 4:30 P.M.

Dispose of your old electronics in a safe, responsible, environmentally friendly way.

For more information call 305-593-6740, publicworks@cityofdoral.com 

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178

FHFA streamlines mortgage modifications July 1

WASHINGTON – April 11, 2013 – Effective July 1, mortgage servicers must offer eligible borrowers at least 90 days delinquent an easy way to lower their monthly payments and modify their mortgage without requiring financial or hardship documentation. The loans apply to those owned by Fannie Mae and Freddie Mac, according to the Federal Housing Finance Agency (FHFA)
The new Streamlined Modification Initiative eliminates administrative barriers. It becomes effective July 1, 2013, and expires on Aug. 1, 2015.
If eligible borrowers show a willingness and ability to pay by making three on-time trial payments, the mortgage will be permanently modified. However, documenting income and financial hardship could result in additional savings.
“This new option gives delinquent borrowers another path to avoid foreclosure,” says FHFA Acting Director Edward J. DeMarco. “We will still encourage such borrowers to provide documentation to support other modification options that would likely result in additional borrower savings.”
Frequently asked questions

FHFA extends HARP to 2015 The Federal Housing Finance Agency’s (FHFA) Home Affordable Refinance Program (HARP) was set to expire on Dec. 31, 2013, FHFA extended the date to Dec. 31, 2015. In addition, FHFA will soon launch a nationwide campaign to inform homeowners about HARP. Find more info on FHFA’s website.

1. Why is FHFA directing Fannie Mae and Freddie Mac to launch the Streamlined Modification Initiative?
Throughout the financial crisis, one of the biggest challenges in assisting troubled homeowners has been the administrative challenge of document collection. Since the inception of the Making Home Affordable (MHA) program, FHFA, Fannie Mae and Freddie Mac have been measuring and monitoring borrower and servicer responsiveness to borrower assistance programs to understand why many borrowers are not able to get a loan modification. Removing the administrative barriers associated with document collection and servicer evaluation should enable significantly more borrowers to access the available options for home retention.
2. When will the Streamlined Modification Initiative be available?
The Streamlined Modification Initiative will begin July 1, 2013, and end Aug. 1, 2015. Fannie Mae and Freddie Mac are currently issuing guidance to their mortgage servicers to implement the Streamlined Modification Initiative.
3. What are the eligibility requirements?
The loan must be owned or guaranteed by Fannie Mae or Freddie Mac. Homeowners must be 90 days to 24 months delinquent, and have a first-lien mortgage that is at least 12 months old with a loan-to-value ratio equal to or greater than 80 percent. Loans that have been modified at least two times previously aren’t eligible.
4. How is the Streamlined Modification Initiative different from other Fannie Mae or Freddie Mac mortgage modification options?
The key difference: Borrowers don’t need to document their hardship or financial situation. They can accept a Streamlined Modification Offer by simply making the trial period payments and agreeing to the terms of the modification. However, their modification terms could be more beneficial if they do document their financial situation and work with their servicer.
5. How does the Streamlined Modification Initiative differ from the Home Affordable Modification Program (HAMP)?
Borrowers can take advantage of HAMP as soon as they run into financial troubles, but they must provide financial, income and hardship documentation to their servicer to be considered. The Streamlined Modification Initiative is only available for borrowers at least 90 days delinquent and it doesn’t require documentation. HAMP allows servicers to evaluate the borrower for modification terms based on an affordable payment that is 31 percent of the borrower’s gross monthly income, and could provide a more affordable monthly payment than the Streamlined Modification Initiative. In addition, borrowers may be eligible to receive financial incentive payments under HAMP.
6. Will all delinquent borrowers with Fannie Mae or Freddie Mac mortgages receive a Streamlined Modification Trial Period Plan after July 1 if 90+ days delinquent?
As of July 1, 2013, servicers must identify eligible borrowers who are 90 days to 24 months delinquent and send them an offer letter that states the terms of the modification, including the monthly payment required for a Streamlined Modification. These eligible borrowers can accept a Streamlined Modification Trial Period Plan by sending the specified payment to the loan servicer.
7. How long will the trial period last?
Similar to the Standard Modification, the Streamlined Modification Trial Period Plan will last three months. If the borrower makes on-time payments during the trial period and meets necessary criteria, the borrower will be asked to sign an agreement making the terms of the mortgage modification permanent.
8. What happens if a borrower misses a payment during the Streamlined Modification Trial Period Plan?
If the borrower misses a payment, he/she won’t be eligible for a permanent Streamlined Modification. However, the borrower may submit a Borrower Response Package to the servicer and be evaluated for other alternatives to foreclosure, including other modification options.
9. Should struggling borrowers wait until the Streamlined Modification takes effect on July 1, 2013 to contact their servicer when they miss a payment?
Borrowers struggling to make payments should call their servicer as early as possible to be evaluated for the most appropriate alternative to foreclosure. A call to the loan servicer doesn’t exclude a borrower from receiving the Streamlined Modification solicitation.
10. When should I expect a letter from my servicer?
Servicers will be required to begin evaluating borrowers for a solicitation on July 1, 2013. Depending on the volume of delinquent borrowers and servicer capacity and systems, letters should be sent within a timely period.
11. What if I stop paying my mortgage for three months so I can get the modification?
Fannie Mae and Freddie Mac have proprietary screening measures to prevent strategic defaulters from taking advantage of a Streamlined Modification. Additionally, only borrowers with loans more than 12 months old with a mark-to market loan-to-value ratio greater than 80 percent and not had two or more previous loan modifications will be solicited for participation.
12. Why limit eligibility to borrowers who have missed three or more monthly payments?
Many borrowers who miss one or two payments have a temporary hardship and often reinstate their mortgage to current status. Borrowers who are current or less than 90 days delinquent and have a permanent hardship should contact their servicer to submit a Borrower Response Package so they can be evaluated for a mortgage modification or other alternative to foreclosure.
13. Does the Streamlined Modification cover borrowers with delinquent Freddie Mac or Fannie Mae mortgages secured by second homes and/or investment properties?
Yes. Delinquent borrowers with Fannie Mae or Freddie Mac mortgages secured by second homes or investment properties are eligible to participate in the Streamlined Modification Initiative and may receive trial period plan offers, provided they also meet other eligibility criteria.

© 2013 Florida Realtors®

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178

Hey Doral homeowners, listen up!

Each year, the National Association of Realtors releases several reports on homebuyer and seller behavior, the overall housing market, market trends and other areas of interest to real estate professionals.   
Below are quick summaries of three recent NAR studies, with attached links to the original reports.
·      Public transportation boosts home values: Data in a new NAR and American Public Transportation Association (APTA) study show that in the last recession, residential property values performed 42 percent better, on average, if properties were located near public transportation with high-frequency service. Read more: http://rem.ax/10vWWKJ

·      Curb appeal means money: A recent study shows exterior-replacement projects – siding, windows and doors – offer the most return on a homeowner’s investment. The 2013 Remodeling Cost vs. Value Report found that these projects offer “a great bang for your buck, because a home’s exterior is the first thing potential buyers see.” For instance, the study found that installing a steel entry door will earn an 85-percent return on investment. Read more:http://rem.ax/Z2HyDY

·      Most-valued amenities: The rooms that buyers were willing to pay the most for were a basement and an in-law suite, according to the NAR 2013 Profile of Buyers’ Home Feature Preferences. Read more: http://rem.ax/Z2HMuM

Other popular amenities:
◦ Central air conditioning was chosen as the most important feature of 33 features listed.
◦ The next desirable feature was a master bedroom walk-in closet.
◦ Closely behind was having a home that was cable-, satellite TV- and/or Internet-ready, as well as an en-suite master bathroom.

RE/MAX Affiliates may share this article, provided they do not charge for it and this notice is included. All other rights reserved.

As you can see prices per square foot have gone up roughly 22.5% from Dec. 2011 up until Feb. 2013. That is significant. There are less than 10 (2+ Bdr.) units under 200K available west of 87 AVE at this time.

We got the facts, so don’t let anyone tell you otherwise.  Feel free to call or write us for more detailed information about your specific real estate needs.

Oh! By the way, buyer demand for residential homes continued to outpace supply. Tight inventory conditions have been cited as leading to higher prices and reduced time on market. We need inventory, so call us to sell your home fast and hassle free.

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a REALTOR®, team leader, Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), Certified Internet Professional, and an Accredited Commercial Professional (ACP), serving the City of Doral, Fl., and surrounding areas.

When you hire team-DORAL for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of experts from around the world.
You also tap into a global network with vast experience in residential and commercial real estate. That network comprises thousands of dedicated individuals, all with just one thing in mind: producing the best possible results for our clients.

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

                                   10728 NW 58 ST, Doral, Fl 33178