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Home Buying in Miami Beach : Real Estate Advice

  • All954
  • Local Info40
  • Home Buying243
  • Home Selling20
  • Market Conditions27

Activity 217
Thu Sep 20, 2012
Lila Henry answered:
Good Afternoon Ms. Rodriguez,

Without knowing what the addendum is that you signed, it makes it difficult to properly answer your question. Normally a BPO is done towards the end of the process of a short sale, but that is not always the case. Given each bank also has different procedures it is not an easy question to answer. If the seller's agent/attorney are in contact with two banks, they should be able to gauge from their conversations where in the short sale approval process things stand. Most first lien holders only allow for a certain percentage of the second mortgage to be paid from the proceeds of the sale, it can be a flat amount or a percentage of the unpaid balance. If the second mortgage lender wishes to collect more than the first mortgage holder is wiling to pay, then that is when the negotiation will begin, either with the seller contributing towards the difference, and in some cases the buyer making a contribution. The normal approach is that of wait to cross the bridge once you get there and you will have a better sense of what the second mortgage lender is looking for settlement. Good luck with your purchase, and just remain in contact with your Realtor to ensure that the proper amount of follow up is maintained with the banks.

Lila Lopez
RE/MAX Advance Realty
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0 votes 6 answers Share Flag
Tue Aug 7, 2012
Brigitte Respaut Clement answered:
Thu Sep 20, 2012
Ana moura answered:
Hi Alison,

Buying a foreclosure in South Florida today isn't a bad idea if you have the patience! It doesn't really matter if it's your 1st or 50th home purchase. I am a certified FPA (Foreclsure Professional Agent) in South Florida. Please feel free to call me any time and we will address your concerns.

Ana Carolina Moura
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0 votes 13 answers Share Flag
Fri Jul 13, 2012
Allister Lenn answered:
Are you looking for a home or a condo ?
The zip code 33141 of North Bay village is shared with some of Miami Beach.
The actual number of homes and condos varies at any given time.
I don't know if you are familiar with NBV but there are three islands in the city.
1.)Harbor Island which is just condos
2.)Treasure Island which is mixed
3.)North Bay Island which just has single homes and is gated.

I am very familiar with the city and would be more than happy to assist.

The location is very convenient and often people are unaware of the city.

Give me a call or drop me an email if I can assist you further


Allister Lenn
Florida Prudential Realty
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0 votes 2 answers Share Flag
Thu Jul 12, 2012
Stephen McRory answered:
You can look at 100,000 properties

see loan programs:
0 votes 3 answers Share Flag
Thu Jan 9, 2014
Kelly Charles answered:
Hi Iveller,
Please provide your email address and I'll be happy to send you some listings to look at.
If you are looking for a great view, in that price range, a two bedroom is more feasible than a three bedroom. There are currently some great properties with amazing views available on Belle Isle, on the Venetian Islands that might interest you.
Give me a call on 786 469 9594 so we can discuss your needs -
Speak soon,
Kelly Charles, ONE Sotheby's International Realty
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0 votes 31 answers Share Flag
Tue Aug 7, 2012
Angel Calzadilla answered:
You can offer whatever you can afford.
0 votes 18 answers Share Flag
Tue Jul 3, 2012
Erika Fliegenspan answered:
All areas in Miami are ideal for families. There are many culturaly rich areas and the weather is of course, the best! It will depend on you and what type of property you are looking for. Hope that I can help you find your dream home. ... more
0 votes 11 answers Share Flag
Wed Jun 27, 2012
Ann Ryan answered:
Your first step should be to talk to a bank regarding whether you can qualify for a loan. There are programs out there that may provide some assistance to first-time homebuyers through the State of Florida. However, more than anything else, buying right now will allow you a much nicer home for a lower cost. ... more
0 votes 12 answers Share Flag
Fri Aug 3, 2012
Stephen McRory answered:
95% LTV conda loans are available for FL for primary residences
0 votes 19 answers Share Flag
Sat Jun 9, 2012
Ann Ryan answered:

Here's the thing... there's not a single unit on the market that fits that description. North Port to Miami Beach is a pretty unusual move... can you give me a hint as to what you're after, and maybe we can come up with a different, but equally appealing, option?

... more
0 votes 3 answers Share Flag
Wed Oct 3, 2012
Michael DeFilippi answered:

Please feel free to contact me at (407) 325-4344 to discuss further but most places along the beach are desirable. If you're interested in a single family home we would look into Surfside. Coral Gables is probably the best 'family area' in my personal opinion where you will be able to purchase a nice single family home. Great community! ... more
0 votes 27 answers Share Flag
Thu Oct 18, 2012
Ann Meng answered:
Dera Mr Jusserand,

My office is a direct seller for Fannie Mae, the largest owner of foreclosed properties, and we have a great deal of knowlege in this area. Your French citizenship is not at all a problem. Our office is in South Beach and we are expert in the locations that are of interest to you. Please do get in touch at your earliest convenience at:

Ann Meng
Buy the Beach Realty
800 West Ave
Miami Beach 33139

305-865-0516 Direct
... more
0 votes 6 answers Share Flag
Mon May 7, 2012
Phil Rotondo answered:
According to the Miami Association of Realtors, 9% of Miami residential real estate transactions in 2010 had a Brazilian buyer. Their projections for this year are 20%, more than double. ... more
0 votes 1 answer Share Flag
Fri May 6, 2016
Leonardo Barnetche answered:
The opera is an excellent building. you should work with an agent who know the area. There area many option for you.
contact me to discuss options.
good luck
0 votes 14 answers Share Flag
Mon Jul 14, 2014
Angel Calzadilla answered:
No, you are right. That condo does not exist, but if you are willing to purchase a 1/1 for that price in any other area of Miami-Dade county , I can assist you.
Angel Calzadilla, realtor
(954) 632-3593
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0 votes 16 answers Share Flag
Fri Sep 28, 2012
Mott Marvin Kornicki answered:
Miami Beach is rather small territory- South Beach, Miami Beach, Normandy Isle, Surfside and Bal Harbour are the towns and neighborhoods within. Check a site called City-Data
0 votes 15 answers Share Flag
Fri Apr 13, 2012
Hello Zidanechung!

Unfortunately, you will need to buy as a foreign buyer which generally requires a 40% downpayment, and various documents from your home country. Please send me a private message if you would like all the details!! ... more
0 votes 5 answers Share Flag
Mon Apr 23, 2012
Beth Jenkins answered:
Hi Zoe,
What you are seeing are liens on properties such as tax or condo association liens.
You will not find a condo on the beach for this price, we would love to sell you one if we could!!

All the best,
Beth Jenkins
South Florida Brokers
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0 votes 5 answers Share Flag
Sat Apr 7, 2012
Alistair Barrett-Powell answered:
Hi Chris,

Their website looks good indeed and I haven't heard either a positive or a negative outlook on the project.

I think in any building complex of this size, there are going to be some happy people and also some very unhappy people - all being provided the same service.

All I can always say to a client is that if you personally don't feel comfortable buying there then steer clear BUT always go and check it out yourself first and sit with the condo management company and/or the owners and bring your reviews with you and say to them "what do you make of these?"

If you still feel comfortable then it looks like a good project.

Hope this helps and let me know if I can introduce you to the sales center there sometime!

Many thanks

... more
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