Greetings condolleagues, did you know that many foreclosures are brought to court by entities of investors and not by mortgage lenders or banks? Whether these entities have the authority to foreclose often remains to be seen.

At times, investors buy shares of mortgages better known as securitized trusts. Often when the loans are transferred from the loan originators into the trust, the transactions are erred and\or lacking legal documentation; thus, creating instances where there is no evidence that the trust owns the loan. Based on the legal defense, now known as “Who Owns the Loan?”, many judges have dismissed and\or delayed foreclosures because a trust could not present that it had legal standing – in other words – couldn’t prove they legally “owned the loan”.

In our struggles against foreclosures, this gives the home owners some leverage but, we must understand that in many cases foreclosures is indeed money making opportunities for the loan servicer and others.

Knowing that exotic mortgages like those with adjustable rates and early payment penalty clauses are still being offered, I believe it is my duty as a Realtor to advice those that placed their trust in me and to ensure they understand the meaning of such products.

For more information on how to avoid foreclosure in Jacksonville, Florida contact the Jacksonville Area Legal Aid (JALA) or me.

Jorge Nunez, Realtor, RECS

EXiT Real Estate Gallery, Jacksonville, FL.

ImmobilieMakler
 

Corredor De Bienes Raices

For our clients convenience we speak Arabic, Chinese, French, German, Korean, Philipino and Spanish.

View our condos for sale in WWW.CONDOS.COM

Ref: Susan Cooper Eastman

       April Charney

In 2006, Mr. Donald Trump started an international investor wave with the release of Trump Ocean Resort in North Baja, Mexico. Suddenly, property sales were registered and the majority of the buyers were investors intending to cash in on a predicted price expansion.

The investment activity witnessed in North Baja, in terms of buyers purchasing stock to flip, was never so strong in Mexico. It suggested a new wave of interest in this part of the world’s young real estate market.

It is expected, by many, that under the new presidency Mexico will prosper economically and, with that, Mexico’s young real estate market will display a market expansion in 2008 and beyond.

Today, mortgage credit continues to expand throughout encouraging the new housing market that allows for greater local affordability of general real estate.

Many factors suggest that international interest in Mexico will continue to be strong yet the Mexicans have a lot to do with fundamental issues that are still restricting its overall property market progress.

Kudos, to the fact, that Mexico offers more than many other central and southern American countries.  The Mexican government is determined to improve home building and infrastructure development to boost the attraction of the nation.

Don’t remain behind again.  Invest in Puerto Vallarta Real Estate. Today

Jorge

Homes for Sale in Puerto Vallarta

Hello people, it is great news indeed, the interest rates got trimmed and this is a great time to buy real estate but, let us not loose focus. Believe it or not, a home sold for $30,000 one day...and for $225,000 the next day. Extreme flipping? No, a flagrant case of mortgage fraud, where the property was illegally "flipped", bought, and after been falsely appraised at a much higher price, quickly resold.

If you're buying property, re-financing a mortgage, or looking for creative ways to eliminate home loans and other debts, now that the time is right, you could be targeted, as well. Please hire a professional, ask and check the credentials. Call or Write me.

Not to long ago the FBI joined with the Department of Housing and Urban Development, U.S. Postal Inspection Service, Internal Revenue Service, and the Department of Justice in "Operation Quick Flip."

Please go to their web site and read about what has become one of the fastest growing white collar crimes in the nation. Don’t get flipped.

Jorge Nunez

FHA loans have historically allowed lower income hard working All Americans to borrow money for the purchase of a home that they would not otherwise be able to afford. The program originated around the time of the Great Depression when the rates of foreclosures and defaults rose sharply, as is happening today. Changes over the years have streamlined the FHA loan process and in many cases today’s FHA home loans are easier to reach.

Credit and residency may disqualify someone from obtaining an FHA loan, however current FHA guidelines permit relatives, government agency, or approved non-profit organization to give the borrower a down payment as a gift. Nevertheless, the Housing and Urban Development (HUD) does not permit the borrower to repay the gift. You will need to learn about the prevailing requirements of your state. Also very important, you must be able to resume timely payments.

Jorge Nunez

Jorge.Nunez@housesapartmentsandcondos.com

904 945 2144

PS: Check out this condos

www.HousesApartmentsAndCondos.com

Avondale Real Estate, Jacksonville                  Argyle Forest Real Estate, Jacksonville    

Oakleaf Plantation Real Estate, Jacksonville   San Marco Real Estate, Jacksonville    Cedar Hills Estates Real Estate, Jacksonville

As you may know, plenty of hard working, All American families who were able to make their mortgage payments under the initial terms of their loan are now struggling because their rates have made their mortgage payment unaffordable.

These two approaches will bring stability to the housing market by helping break away from our cycle of foreclosures and price depreciation; thereby, giving eligible families a new opportunity to refinance their homes.

The initiative will operate under the same safe guidelines as the FHA’s existing mortgage insurance program without affecting its financial health. Eligible borrowers will be required to meet underwriting guidelines and pay a mortgage insurance premium in order to avoid the risk to FHA’s Insurance Fund, at no cost to the taxpayer.

We, at ERA Davis and Linn, are prepared to go All the Way with you. If you need to refinance your home, buy a home, or sale a property call or write me today.

Jorge Nunez

Jorge.Nunez@housesapartmentsandcondos.com

904 945 2144

PS: World Wide Condos

Avondale Real Estate, Jacksonville             Argyle Forest Real Estate, Jacksonville

Oakleaf Plantation Real Estate, Jacksonville   San Marco Real Estate, Jacksonville

El Presidente Bush said that our economy is thriving and that he is doing what it takes to keep it strong.

Home sales will continue to fall further this year than earlier expected, but prices will drop less sharply than previously thought. However, a small up turn for existing home sales toward the end of the year is expected.

The national median sales price for existing homes should ease to $219,300 and the median new-home price will probably fall to $240,800 this year.

On the other hand, mortgage applications rose as interest rates fell sharply and demand surged. The Mortgage Bankers Association said mortgage applications rose to their highest level since early June.

Prospective homeowners will face tougher lending standards in a future not to far from now. 680 will be the magic number.

These are great news Mr. Buyer. Are you ready to buy? Remember, many of today’s foreclosures chose to buy without a Realtor®. Hire a Realtor® is free of charge.

 Jorge Nunez

Jorge.Nunez@housesapartmentsandcondos.com

World Wide Condos For Sale

Avondale Real Estate, Jacksonville         Argyle Forest Real Estate, Jacksonville

Oakleaf Plantation Real Estate, Jacksonville    San Marco Real Estate, Jacksonville

Cedar Hills Estates Real Estate, Jacksonville

After the Spaniards regained East Florida from England in 1790 and eager to attract new inhabitants, they began granting tracts of land to prospective settlers. The area known today as Avondale is based on one of such grants. In the summer of 1920, several wealthy investors led by Telfair Stockton had assembled a large tract of land including all of Edgewood and the adjoining riverfront property, at a cost of over $500,000. They developed an exclusive subdivision that would overshadow all of the smaller developments around it and Stockton chose to name it "Avondale" after a subdivision near his partner, James R. Challen's, former home in Cincinnati.

Avondale is a small community of Jacksonville located on the west bank of the St. Johns River. It offers an architectural wonderland of beautiful homes, churches, school, parks and the traditional small town charm.

Want to know more? Call or write me and I will show you some condos on the riverfront, near the parks or around the oak canopied streets.

Jorge Nunez

ERA Davis & Linn

904 945 2144

Please visit my web site: www.housesapartmentsandcondos.com

Jacksonville North Bank Riverwalk

There is no need to leave Downtown for great deals when you know how to experience Downtown's vibrant life stile. Downtown's Live, Work, and Play atmosphere is for those that take the time to find it. I tell you it is just right.

Jacksonville is located on Florida’s northern east coast, known as Florida’s First Coast. Because it lines with both banks of the Saint Johns River, which provides access to the Atlantic Ocean about 20 miles from downtown, it is known as the River City. It is Florida’s most populous city housing over 700,000 residents. By air, JAX is 60 minutes from Atlanta, 45 from Orlando, two hours from New York and about Nine from London.

Home to major port facilities and U.S. Navy bases, the city also houses the largest urban park system in the United States. The parks range from quiet oak forests to vast salt marshes. Nearby are relatively unspoiled and unfenced beaches in the communities of Atlantic Beach, Jacksonville Beach and Neptune Beach. The city areas offer excellent sport fishing, boating and water recreation. Meandering on the beaches, visitors may collect seashells or view dolphins and whales.

Our Stadium is home of the NFL’s Jacksonville Jaguars, the Gator Bowl and the annual match-up of college football heavyweights Florida and Georgia. The Jacksonville Suns play at The Baseball Grounds of Jacksonville, whose red brick exterior complements the adjacent Saint Andrews Church. Jacksonville Landing, in downtown along the St. John’s River, is the city’s premier entertainment district and features a diverse mix of shops, restaurants and eateries and hosts hundreds of entertainment events annually.

I invite you to learn a little more about our city and to call on me if you are looking for a condo as a home or as an investment. Yes you can have both.

If you are planning on moving to or from Jacksonville to or from another state, I can provide you with a Relocation Package. Write or call today.

Jorge Nunez Realtor®
ERA Davis & Linn