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North Miami Beach : Real Estate Advice

  • All112
  • Local Info6
  • Home Buying25
  • Home Selling2
  • Market Conditions2

Activity 55
Sun Apr 1, 2012
Anna M Brocco answered:
Much will depend on the lender, therefore consider asking your loan officer the question.....
0 votes 1 answer Share Flag
Thu Feb 26, 2015
Jen Babacan answered:
Aventura is a beautiful area and I would be happy to email you listings based on your specific criteria. Please email me your criteria, i.e. condo or single family home. How many bedrooms and bathrooms, etc. I will conduct a thorough search for you on the MLS website and email you appropriate listings. My email is

Best regards
Jen Babacan
Galleria International Realty
Cell (954) 648-7334
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0 votes 9 answers Share Flag
Fri Apr 18, 2014
Thomas Pludwinski answered:
The best deal for you will depend what you are planning to do with the property and how much you want to invest.

Call me to discuss details.

Thomas Pludwinski
Cell: 305 968 2932 -Miami
skype: thomasplud
Elite International Realty
16137 Biscayne Blvd.
Aventura, Florida 33160
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0 votes 4 answers Share Flag
Sat Feb 21, 2015
Bkj Group answered:
A foreclosure is a legal proceeding commenced by a lender to recover the value of the loan from the collateral securing the loan. In the case of a residential mortgage, the collateral is a home.

A foreclosure sale is the final step in the foreclosure process that involves auctioning off the collateral. The proceeds of the collateral are used to pay off the lender.
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Thu Apr 5, 2012
Joana Filgueiras, PA answered:
Hi Sid. If you want me to send you some options, please email me at or call me at (305)790-0628.
0 votes 4 answers Share Flag
Sun Apr 1, 2012
scott farmer answered:
You need to wait on the car until after you close on your new property. It's even suggested that you wait 30 days until after the closing. Every time you visit a dealer they will pull your credit whether you give them permission to or not. Just by giving your license to "hold" while you test drive a car gives the dealer an opportunity to pull your credit which will knock 3 points off your credit score. Then when you buy the car it's going to change your debt ratio and can cost you your loan. It's much better to wait - especially if you have earnest money on the line. ... more
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Sun Apr 1, 2012
Alejandro Bendayan answered:
What's your schedule?

You can write back at or call 305 785-3906 to schedule showing. Thank you

Alejandro "Alex" Bendayan, Lic. Real Estate Broker
Foster & Clark Real Estate Services, LLC
5830 SW 73 St - South Miami, Fl 33143
Direct: 305-785-3906 Fax: 305-666-0198
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0 votes 3 answers Share Flag
Wed Mar 2, 2011
Edyta Gryc answered:
Since you mentioned that the auction was conducted for the condo fees that were not paid, I am afraid that yes. I understand that foreclosing party was HOA not the lender that still may have a lien on the property.
I hope that you have a title company or an attorney done a title, lien search for your prior to bidding at the auction. The best answer you will get by contacting a real estate attorney and I strongly encourage you to seek legal advice.
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0 votes 3 answers Share Flag
Thu Mar 31, 2016
Edyta Gryc answered:
If you apply for a financing, you should have a pre-approval letter. If paying cash, proof of funds. These requirements are basically for every buyer, not only for first-time home buyers.
Good luck!
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0 votes 15 answers Share Flag
Tue Feb 19, 2013
Turn Key Realty of the Palm Beaches answered:
Hi Lynda,
Where is Eastern Shores.? Not familiar with that community.


Liz Vanino
Givoni Realty Ciorp.
0 votes 12 answers Share Flag
Sat Feb 21, 2015
Dina Stocklin answered:
It is too difficult for a Foreign buyer to get a Mortgage. You can, and it is called Foreign International but the rates are high. I can give you a number to a Mortgage Broker who could explain in more detail, if that helps? Let me know?
Dina Stockin, RA
Century 21 King Realty
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0 votes 8 answers Share Flag
Mon Nov 22, 2010
Alma Kee answered:
It's possible it may be several months before it comes on the market if there is any possibility of fraudulent foreclosure paperwork.

You will not be able to buy it "before" it comes available to everyone by listing on the Realtor MLS system unless you go to the courthouse auction and have ALL CASH (the same day).

You absolutely need a Realtor to help you because if you wait until the property hits the market and you try to contact the listing agent thinking you will have an advantage, by the time the listing agent calls you back another buyer will have already seen the property and submitted their offer to the asset manager and get a contract! Some REOs are now using an online website to submit offers so there is no way a listing agent will be privy to what price is the highest offer. Also there may be a listing agreement with the asset manager that the listing agent CANNOT disclose the current best offer. Listing agents would be foolish to violate this contractual agreement as it could result in losing those REO listings.

So find a Realtor help you and ask her to set you up with an automatic notification of any REO listings with your criteria and make sure you go out the FIRST DAY it is listed and be prepared to write an offer. Also you MOST include a preapproval from a legitimate, well known lender (not a mortgage broker that doesn't actually lend money) if you want the asset manager to take your offer seriously. It's better if you're paying ALL CASH becaue the asset managers will be more comfortable if the house has "condition issues" that may prevent FHA financing. You see banks sell their properties "as is" and will NOT usually make any repairs.

Hope this helps.
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0 votes 1 answer Share Flag
Thu Sep 30, 2010
David Chiles answered:
Thank you for your question about "flipping" a foreclosure. "Flipping" is being done by professionals in some markets. I do not advise 'flipping' given today's current market conditions and consumer expectations. A good local agent can give you a list of Foreclosure's, but the problem is being able to resell it for a profit. ... more
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Fri Jun 8, 2012
Mateo Usuga answered:
Click on the link below to see affordable properties in the North Miami Beach area: ... more
0 votes 5 answers Share Flag
Tue Jun 28, 2011
Mack McCoy answered:
Executory. An executory contract is one where at least one party has material unperformed obligations, for example, they haven't granted the deed yet.

The contract should reference that the sale is subject to this right of first refusal; clearly, the Seller is encumbered by this. If it doesn't . . . well, ask your broker! ... more
0 votes 5 answers Share Flag
Sun Apr 15, 2012
Richard Schulman answered:
Have you checked out the Find a Pro section of Trulia? You should be able to search agents there and find one that has the specialties you are looking for.

Just to ease your concerns a bit too - the short sale experience really comes in especially handy for the sellers agent, who is the one working on facilitating the negotiations with the bank. The buyers agent just has to submit the offer for you and wait for approval (and then follow normal escrow procedures if/once the short sale is approved). Though don't get it wrong, it also is important that your buyers agent has short sale experience so they can keep you apprised on what to expect and know what they need to do.

If you need a qualified excellent referral in your area, feel free to contact me directly too and I can set you up with someone.

Good luck,

Richard Schulman
Keller Williams Realty
... more
0 votes 3 answers Share Flag
Tue Feb 23, 2010
Scott Godzyk answered:
In order to make an educated offer, you can not base your offer on the listing price. you dont know if teh listing price is at market value, below market value or above market value. If you use a percentage you offer could be too much or too low. You need to garner what the value of the hous eis in todays market and base your offer in that. A goo dbuyer broker can complete a broker price oppinion for you and assist you with your offer. good luck with your offer. ... more
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Fri Jan 4, 2013
Bill Eckler answered:

Issues of neighborhood safety are often best directed to the local police of county sheriff's department. They have access to the most accurate and current information and are generally willing to be helpful. ... more
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Wed Nov 4, 2009
thelendingteam answered:
Josiah, there are some DAP ( Down Payment assistance) funds out there but they are limited right now. Here is a link for some options in Miami but most are income and address restrictive. In addition, many of these FUNDS are out of money and not being funded right now do to economic conditions.

FHA still has 3.5% down and will accept up to 6% seller contributions whihc will further limit your closing funds needed. Here is the link -

If you would like to discuss your specific needs I would be glad to help and I charge nothing for applications, pre approvals and credit.

Andrew Kashella
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0 votes 0 Answers Share Flag
Tue Sep 8, 2009
Beth Jenkins answered:
There are a few develpers with some inventory left aong the beaches, but it is not a foreclosure price obviously becasue it is still new, not a resale. The developers in the downtown Brickell area had the most inventory and they brought the prices to the rock bottom level this summer and most of the buildings sold out, but they had to be cash purchases becasue the builings were not approved for financing .

The sam is true for most of the builidngs along the beach, the great deals oar in buildings not able to be financed. If you are able to wokr with that, there ca be some bank onwed or foreclsures that may be great prices. It is best to work with a professional in your area that can search for these properties, it is a lot of research and calling, as tese properties usually have mulitple offers in the first few days.

If I can assist you feel free to contact me directly.

Beth Jenkins
South Florida Brokers
... more
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