Keller Williams Realty’s brokerages have, once again, dominated the newly released REAL Trends 500, an annual industry ranking published by REAL Trends, Inc., a leading source of analysis and information on the residential brokerage and housing industry.
On the REAL Trends 500 report, Keller Williams brokerages represented 23 percent (116 offices) of the top 500 brokerages ranked by closed transactions and 24 percent (119 offices) of the top 500 brokerages ranked by closed volume. The number of KW brokers ranked on the list far surpassed all other major franchise players.
BizBuySell’s Q1 data indicate most business sale transactions since fourth quarter of 2008 First Quarter 2012 Insight Report Summary Business-for-Sale Transactions Jump Nearly 4% from First Quarter of 2011 According to BizBuySell.com Insight Report. BizBuySell.com has released its latest economic data for the first quarter of 2012. The company’s data tracks trends in the sales of small businesses for sale and the latest data shows that nearly four percent more businesses were sold in the first quarter of 2012 compared to the same period last year. The results were included in BizBuySell’s First Quarter 2012 Insight Report.
There are more misunderstandings, rumors and false information about the E-2 visa than most any other visa category. Moreover, the increasing popularity of the EB5 program has lead potential investors to “mix and match” the criteria of the E-2 and the EB5 when discussing investments as a possible vehicle to the U.S. “EB5” simply means the fifth preference classification of the employment-based immigrant visa structure. Its purpose is to Continue reading ‘The E-2 Treaty Investor Non-immigrant Visa: Fact or Fiction?’
Bank of America is announcing a refining of its Equator short sale process streamlining its approval process and reducing the wait to an accepted offer; and hence a closing. The changes are expected to trim the bank’s decision time in half — from 45 days or longer to 20 days, reports say.
Starting April 14, the bank says (links to forms follow..)
Federal judges granted approval to the $26 billion settlement over foreclosure processing errors. This clears the way for the nation’s five largest lenders to begin untyping the tape to aid to homeowners. The settlement includes guidelines for banks to compensate home owners who have been wrongfully foreclosed upon. This settlement ruling includes news about mortgage modifications — including principal write-downs — of up to 1 million home owners.
Beautiful Key Royale waterfront home for Auction! Luxury canal front estate home in Holmes Beach, Florida. Near the beaches on a Salt Water canal and just steps from the golf course, this home is superpurb in every way; 2/2 on a quarter acre in Holmes Beach with a pool and dock.
Auction! A 5% Buyer Premium applies. The list price is the minimum bid. RECENT APPRAISAL OF $1,400,000. This property consists of 3 contiguous parcels totaling 14.12 acres. It is in the middle of US-19 and US-41 interchange. Unbelievable opportunity offering over 1500 ft of Highway frontage. Utilities are available adjacent to the properties. FDOT permits ingress & egress to all parcels. Excellent big box, self storage, retail and/or mixed-use development opportunity.
There is currently a single-family home on one of the parcels which rents @ $850/month. There is also a CBS bill board lease @ $3600/year. Prime for buy & develop or buy & hold. Totaling 3 contiguous parcels, Billboard Lease Highway Frontage Greenbelt In County Oversized Lot.
Interesting bank owned water front home in Bradenton, Florida.
This 4 bedroom 3 bathroom single family home on the Braden river has west views of sunsets over the river! It is a 1 bed 1 bath unit with covered parking, a second 1 bed 1 bath unit in the main area of the first floor and a 2 bedroom 1 bath unit upstairs. Call for more details!
When an underwater home is sold in a short sale or a foreclosure, the greatest concern is almost always over the remaining mortgage balance owed by the homeowner (known as a “deficiency balance”) and how long the lender has to try to collect it. When a property is sold in short sale, generally speaking, the deficiency is the difference between the total debt owed on the mortgage and the sale price. In foreclosure, the deficiency is, generally speaking, the difference between the total balance and the fair market value of the property on the date of the foreclosure auction. Obviously, “fair market value” is a very subjective term
Foreclosures still weighing heavily on home prices. 46% of homes sold in November were short sales or REOs (Real Estate Owned by the Bank) according to a survey by Campbell/Inside Mortgage Finance. One problem: Distressed homes sell for a lot less than homes sold by conventional sellers.
The average price for a short sale (when borrowers owe the bank more than their homes are worth) was $209,000 in November. For a regular sale, the average was about $259,000. The numbers are lower for REO sales, which averaged about $190,000 for properties in move-in condition. For a damaged REO, the price was just $99,000. That’s a common problem, since homeowners who’ve been foreclosed on don’t typically devote resources to upkeep.
There is no shortage of distressed properties: More than 6 million
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