Richard C Decker - Galt - Coral Ridge - Fort Lauderdale - eRealEstate.com Administrator

I can see in reviewing reports for the Fort Lauderdale area that inventory has dropped. GOOD! There were too many people doing the short sale, when they did not have a good handle on what it was and was blinded by the title and their perception of what was to happen. People listed out of panic and situation and caused a glut of properties that did not help anyone. You can still see the pool of the :"I want / have to get' and the pool of " I got and sold " properties. If agents would carefully re… Continue

Yeah !
Today the House Financial Services Committee approved H.R. 3126, the "Consumer Financial Protection Agency Act of 2009" 39-29. Two important amendments offered impacted the HVCC and RESPA. An amendment under the leadership of Rep. Gary Miller (R-CA) and Travis Childers (D-MS) and offered by Miller, Childers, Donald Manzullo (R-IL), and Michele Bachmann (R-MN) to sunset the Home Valuation Code of Conduct (HVCC) and allow all loan originators, licensed or registered in accordance wit… Continue

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Go here and review the list please.
(Note: after reviewing the list you might get an idea for a general blog and respond with a general post for all the members to enjoy and gain knowl… Continue

As of 10/1/09, there are some significant changes being made to the process for approving condos for FHA financing. Some of the major changes are:

The Spot Approval process is eliminated
Condo project approvals will expire every 2 years
Condo projects may be approved for buildings with 2 or more units
Right of first refusal is permitted unless it violates discriminatory conduct

Spot approval was one on the only ways for condos to get approved if the boards did not do the w… Continue

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