545 Prestwick Circle | Prestwick Chase at PGA National

October 22nd, 2011

Enjoy panoramic water & golf views of the Jack Nicklaus Champion course with a desirable southern exposure at 545 Prestwick Circle in Prestwick Chase at PGA National. This 3BR/3BA home with full garage has an open great room plan that has been remodeled. Italian porcelain floors on the diagonal work perfectly with the volume ceilings. An open kitchen has newer counters and tumbled marble backsplash. French doors lead to the den with maple floors and wet bar. The master and guest bedroom are spacious and have newer shower. Lots of storage throughout, including the garage. The oversized screened lanai is the perfect spot to relax and watch the Honda Classic. Also, nearby is the community swimming pool. The A/C, water heater and roof have all been replaced, keeping future expenses low.

545 Prestwick Circle

545 Prestwick Circle - View from porch

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700 S US Highway 1 #403 | Jupiter Yacht Club

October 22nd, 2011

The finest materials were designed as a backdrop for stunning views of the Intracoastal, Riverwalk, marina, & mangrove lagoon at this spectacular condo at Jupiter Yacht Club. The stylish great room has incredible light. 24” white porcelain marble-like floors match perfectly. French door den opens onto the Atlantic Ocean, offering sunrise-sunset views. A dynamite transitional kitchen uses loads of granite, glass brick backsplash, stainless steel & cherry wood. Wenge stained bamboo floors grace the kitchen & bedrooms. The master is spacious with walk-ins & Saturnia bath Jacuzzi. No expense spared throughout with enameled doors, built-ins & high-end finishes. Impact glass balconies let you enjoy the outdoors. The Anchorage has its own pool, theatre, social & exercise rooms, along with a Pet Park. Watch the boats & walk to shop or play.

700 S US Highway 1 #403 - View from the balcony

Jupiter Yacht Club - Aerial View

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7411 42nd Way N #482 | Palm Lake Co-Op

October 22nd, 2011

Immaculately maintained 2-bedroom home on a huge corner lot, just steps from one of the many community pools at Palm Lake Co-Op. Open & spacious with lots of room to entertain with formal dining plus an eat-in kitchen, large family and living rooms, plus an extended, enclosed porch with newer pergo flooring. Beautifully landscaped with two sunny deck areas which are perfect for enjoying the Florida sunshine. This home features a covered carport, newer vinyl siding and brick skirting, clear storm shutters (2009) and a newer roof.

7411 42nd Way N #482

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Olympus Jupiter Homes

October 18th, 2011

Of all the hamlets and coastal homes near the, spits and sounds throughout the United States one common problem in many of them is access to the beaches. While many beaches are public access by law, getting them can be a little bit of work and inconvenient. In Jupiter, this is less of a problem one of the choices places in Jupiter to live is the Olympus Jupiter homes right along the famous Beach Road.

Olympus Homes online now. All listings & Sold Statistics!

Olympus Real Estate & Homes for Sale

Olympus Jupiter homes is a quite small community by comparison to many. It has only a few streets and 117 single-family homes. These are ample and spacious homes ranging from 2000 ft.² to 5000 ft.². They have up to 5 bedrooms and 4 baths. Each woman’s custom-built every one of them is different built specifically to the wishes of the original owners. You will likely find anyone of innumerable custom upgrades and additions and any of the Olympus homes in Jupiter. From custom hardwood floors to imported stone and granite to stainless steel top of the line appliances. They all year at Olympus in Jupiter Florida.

The homes are only the beginning of attractions which are supplemented with some of the most beautiful and pristine beaches in the country just 1/2 mile from this location along US One and Beach Road.


Olympus Homes for Sale Jupiter MLS listings

 

Olympus Jupiter homes

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Occupy Short Sales

October 14th, 2011

Perhaps the banks should start a campaign titled, “Occupy Short Sales”

Free rent occupy

As a result of Bank of America’s $5,000-$20,000 short sale relocation assistance program, short sale processing companies are sending mass emails out like the one below.  Watch for a wave of short sales to take place.  Banks are doing this because…..

1.     Homeowners are not paying their mortgage and sitting on the property for 2-3 years (typical time its taking to foreclose on a homeowner).  Thus no income for the bank.

2.     Banks will have to pay back delinquent HOA’s, taxes, assessments

3.     Banks have to purchase insurance

4.     Homeowners are not fixing up the home or making improvements.  The Bank has to put money in after they take over.  Plus the home is 2-3 years older and has depreciated

5.     The costs to foreclose are high

6.     The banks will still have to pay Realtor and closing costs regardless if they pay on the short sale or if they foreclose

7.     The homeowners, once evicted, often engage in a familiar exit strategy of pillaging the home of everything that can be removed from light fixtures to applicances and even sinks and bathroom fixtures.

It’s much cheaper for the banks to take their loss now rather than go through the foreclosure process. Homeowners are using the 2-3 year foreclosure backlog to leverage themselves free rent or now get money back.  While there is no doubt banks played a role in making bad loans, banks are now taking fantastic losses and are being gamed by how long it takes to foreclose? Is this fair or not?  I’ll let you decide.  Regardless, it has brought prices down giving buyers lots of opportunities to find homes at low prices.

There are thousands of short sales in the area, ranging from $10,000 to $13,500,000.  No area from Palm Beach homes to Ritz-Carlton Jupiter real estatehas gone unaffected.

Here are some of the short sales in our immediate area…

View all Jupiter Short Sales

View all Palm Beach Gardens Short Sales


Sample Letter from Short Sale Specialist that I received via mass email….

As you may be aware Bank of America has rolled out their “Relocation Assistance Program”; we are receiving a lot of requests from clients to see if they would be eligible. I have pasted the basics of the program below and highlighted the most important points. If your file falls within the eligibility and not in the exclusions we will have submitted your file for consideration.

If you currently do not have a BOA file with us we encourage you to market homeowners with Bank of America mortgages who are in delinquent status.

Bank of America encourages distressed homeowners to explore a short sale as a viable option for avoiding foreclosure. To that end, for a limited time we are offering enhanced relocation assistance to help motivate homeowners to engage with us on a pre-offer short sale.

An additional benefit for these pre-offer programs – such as the Home Affordable Foreclosure Alternatives (HAFA) and Bank of America’s proprietary program – is that deficiency may be waived for the homeowner.

 

Eligibility:

  • Homeowners with property in Florida
  • Short sales initiated without an offer between September 26 and November 30
  • The customer will have to be eligible for one of the without offer programs such as the HAFA program or our proprietary program (specific investor participation and eligibility criteria do apply to these programs)
  • Successful closing of the eligible short sale by August 31, 2012
  • Minimum relocation assistance is $5,000 and maximum is $20,000, with the specific amount calculated based on the unpaid principal balance

Exclusions:

  • Ginnie Mae, FHA, VA and USDA loans are ineligible for participation
  • Lot loans are ineligible for participation
  • Properties outside the state of Florida are ineligible for participation
  • Short sales initiated with an offer are not currently eligible for the enhanced relocation assistance
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