no-doc loans

Palm Beach Post Real Estate

Builder GL Homes showing new models west of Delray Beach
Despite a nationwide downturn that has crippled the housing market across Florida, GL Homes is succeeding in a way that not even the company could have predicted.
Palm Beach County to charge code violations to tax bills
The Palm Beach County Commission took the following action Tuesday: Abandoned properties: Agreed to let county officials bill clean-up costs for abandoned and neglected homes to a property owner's tax bill, rather than putting a lien on a home, which is less likely to result in prompt repayment.
3.8 percent tax on home sales affects only people with high incomes who make large profits
An email circulating on the Internet claims anyone who sells a house after 2012 will be hit with a new 3.8 percent sales tax, thanks to an obscure clause in the Patient Protection and Affordable Care Act.

Sun Sentinel Real Estate

Citizens removes insurance discounts on 100,000 homes
More than 100,000 Florida homes re-inspected by the state-run insurer of last resort have lost windstorm discounts, resulting in average premium increases of $600 a year, according to data released this week.
Terrell Owens facing foreclosure on South Florida condo
Add a foreclosure lawsuit to former NFL star Terrell Owens’ list of recent troubles.
Ask a real estate pro: Bank of Mom and Dad should set lending rules
Board-certified real estate attorney Gary M. Singer writes about the housing market in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, click here .

Palm Beach Foreclosures

no-doc loans

What are no-doc loans?

"No-doc" loans are mortgages for which lenders require very little loan documentation as long as the borrower puts down a sizable down payment, generally 25 percent or more.
These mortgages are common among self-employed people who say they earn a certain amount of money but whose tax returns show that their earnings are much lower.

Resources:
* "How to Shop for a Mortgage," Mortgage Bankers Association of America, 1125 15th St., N.W., Washington, DC 20005; call (202) 861-6500.

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Palm Beach Entertainment

Dinner and a movie
The film: Battleship (opening Friday), in which Earth fights for survival against a superior force ? and moviegoers struggle to understand how scripts based on board games get the green light. The food: Cruise the weekend breakfast buffet and enjoy a great view at Sailfish Marina on Singer Island. Then visit the Palm Beach Maritime [...]
Peruvian-style pollo is fast, flavorful at La Granja in Palm Beach Gardens
There’s no better bargain than freshly roasted chicken for a takeout dinner. Think about it: order burgers or pizza for a family of four and you may find yourself paying more than you intended, in terms of cash and calories. If that rotisserie chicken is Peruvian-style pollo a la brasa, seasoned and slow-roasted, it turns [...]
YouTube launching food channel with TV veterans
Bruce Seidel is confident the future of food television won’t be seen on television. Which is why the Food Network and Cooking Channel veteran has checked out of network TV to oversee the launch of YouTube’s latest original content channel, HUNGRY. The channel, which goes live on July 2, is expected to feature a freewheeling [...]

South Florida Events

Equal Housing Opportunity

Florida Real Estate News

Next president to figure out Fannie, Freddie
What's the best way to keep mortgage market humming? NAR wants gov't to hold onto Fannie and Freddie; others disagree.
Fixed mortgage rates hit record lows again
The 30-year FRM dropped to 3.79%, the 15-year FRM hit 3.04%, and ARMs averaged 2.83%, says Freddie Mac.
HUD: Counseling helps families own homes
Potential buyers who understand the process and what ownership entails tend to have fewer problems after the closing.
Sellers' do-it-yourself home staging tips
Pulte says it identifies likely buyers and makes model homes appeal to their taste. Home sellers can do the same thing.
Housing affordability reaches record in first quarter
NAR President Moe Veissi: "We've never seen better housing affordability conditions or market opportunities."
Florida's Realtors advocate for homeownership in nation's capital
Realtors gathered by Washington Monument this morning. Their message to lawmakers: Protect the American Dream.
Gov. leading Spanish biz development mission
Florida Realtors Pres. Summer Greene and V.P. John Sebree will court companies interested in Fla. real estate deals.

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