Golden Beach, FL

Golden Beach, Florida REOs (Bank Owned) Properties & Short Sales (786) 406-1757

Real estate owned or REO is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction. This is common because most of the properties up for sale at these auctions are worth less than the total amount owed to the bank.

The minimum bid in most foreclosure auctions equals the outstanding loan amount, the accrued interest and any costs associated with the foreclosure sale including attorneys' fees.

After an unsuccessful auction, the bank will go through the process of trying to sell the property on its own. It will remove some of the liens and other expenses on the home and try to resell it to the public, either through future auctions or direct marketing through a REALTOR.

Generally speaking, bank REO properties are in poor shape in terms of repairs and maintenance; however, real estate investors will often go after these properties as banks are not in the business of owning homes and so, in some cases, the low price can more than compensate for the condition of the property.

Once a property is REO, the bank or lender will try to get rid of the property by either selling it directly or through an established broker. Many larger banks such as Bank of America, Chase and Wells Fargo have REO/asset management departments that will field bids and offers, oversee upkeep and handle sales.

Brosda & Bentley Realtors^TM is an established broker serving Aventura, Hallandale Beach, Golden Beach, Sunny Isles Beach, Bal Harbour, Surfside, Miami Beach and Downtown Miami.

Call the Brosda & Bentley Realtors^TM REO Department for more information (786) 406-1757

For More Information call: 305-225-5033

If you are looking to purchase a vacation home or a rental property in Golden Beach, Florida, you should consider hiring a property management company to assist you in looking after your property.

Royalty Concierge Services can offer you a wide array of property management services, which are very beneficial to the international or out of state homeowner who needs someone to take complete care of their investment property or vacation home in Florida.

When you interview with property management companies in Golden Beach, you need to find someone that is reliable and trustworthy.

When you contract Royalty Concierge, we have the experience on our side, to manage your property. Royalty Concierge will coordinate on your behalf the payments on your utility bills ((telephone, electricity, water, etc.), manage the ever so important Tenant/Landlord relations, collect rental payments, handle evictions, hire personnel for regular maintenances & emergency repairs. Royalty Concierge can also arrange housekeeping services, receive your mail, and accept deliveries and much more...

Become a Royalty Concierge client and you will discover "worry free ownership".

GOLDEN BEACH

Golden Beach is an exclusive community in the northern most part of Miami Beach, on the barrier island that separates the Intracoastal Waterway from the Atlantic Ocean; the entire town is about one mile from north to south, and four blocks from east to west. Golden Beach is known as a very upscale community and many celebrities, including Bill Gates and Paul Newman, maintain homes here. Golden Beach is adjacent to the Aventura Mall, with over 250 shops, restaurants and attractions. The town of Golden Beach enjoys all of the Miami-Dade County attractions, such as wide, sandy beaches, turquoise-blue ocean, year-round sunshine and trendy hot spots.

As of the 2000 census, the town had a total population of 919. Another interesting note is that high-rise construction and commercial development are not permitted within the town limits. The western portion of Golden Beach is closed to the public and accessible only by the invitation of residents.

Let us help you find the home of your dreams in Golden Beach. We have a direct relationship with the major builders to offer you the best prices, but if you can't wait for the pre-construction process, we have a comprehensive listing of houses, apartments, condos and townhomes available in the market.

To receive brochure with more detailed information on our Property Management Services in GOLDEN BEACH, Florida.

The ocean front Town of Golden Beach in Florida sits on 1.8 miles along the northernmost portion of State Road A1A at the Miami-Dade/ Broward County line in South Florida. This small jewel of a town is bounded by the Atlantic Ocean to the East, the Intracoastal Waterway to the West, and the coastal municipalities of Hallandale Beach to the North and Sunny Isles Beach to the South. Nestled in exclusivity and privacy within a short driving distance from the large urban areas of Miami and Ft. Lauderdale, Golden Beach is convenient to fine dining, cultural centers, professional sports venues, and world class shopping centers such as the prestigious Shoppes of Bal Harbour.


ENTER WEB SITE HOME PAGE: GOLDEN BEACH REAL ESTATE




Since its incorporation in 1929, Golden Beach Florida has become one of the most desirable places to live in South Florida. This small quiet community has maintained its family lifestyle in a mile-long sanctuary of 370 single-family homes that are mostly located on the Intracoastal and its waterways or directly on the Atlantic Ocean. The Town Charter protects the Town from commercial activity of any kind and forbids the construction of high rise condominiums that saturate so many beach front communities in South Florida. A beautiful mile and one-eighth of private beach with a historic beach Pavilion, 3 parks, and a committed sense of community have attracted talented, discerning residentsfrom all over the world to this idyllic town located only 18 miles from Miami International Airport and 15 miles from Ft. Lauderdale International and Everglades.

An elected Mayor and four Council Members govern the Town of Golden Beach, with elections being held every two years. Day to day affairs of the Town are under the leadership of a Town Manager who is appointed by the Town Council. The Council also employs a Town Clerk and a Town Attorney.

The Town provides security through its own Police Department. The Building and Zoning Department, Finance and Administrative Department, and the Public Works Department provide other services.


Golden Beach Real Estate Statistics

By Alan Zibel

Pending home sales rose 7.4 percent from July to August, an unexpected piece of positive news for the battered U.S. housing market.

The National Association of Realtors said Wednesday its seasonally adjusted index of pending sales for existing homes rose to 93.4 from an upwardly revised July reading of 87. The reading was the highest since June 2007.

Home sales are considered pending when the seller has accepted an offer, but the deal has not yet closed. Typically there is a one- to two-month lag before a sale is completed.

Wall Street economists surveyed by Thomson/IFR had predicted the index would fall to 84.9.

The index, which sunk to a record low of 83 in March, stood at 85.8 in August 2007.

Sales are picking up in places that have seen the most severe declines in housing prices - including California, Florida Nevada and Arizona, plus Rhode Island and the Washington, D.C. area, said Lawrence Yun, the trade group's chief economist. Still, Yun does not expect home prices to rebound until next year and only expects a modest gain of 2 to 3 percent in 2009.

A major unknown is how the worldwide financial crisis and economic slump will affect the housing market.

The latest effort by the central bank came Wednesday, when the Fed and six other major central banks around the world slashed interest rates Wednesday in an attempt to prevent a mushrooming financial crisis from becoming a global economic meltdown.

The Fed reduced a key rate from 2 percent to 1.5 percent. In Europe, which also has been hard hit by the financial crisis, the Bank of England cut its rate by half a point to 4.5 percent and the European Central Bank sliced its rate by half a point to 3.75 percent. Also cutting rates were the central banks of China, Canada, Sweden, and Switzerland.

There's no guarantee, though, that mortgage rates will match the Fed's cut.

That's because long-term interest rates, which influence 30-year mortgages, don't always move in sync with the Fed's action, which lowered the interest rate banks charge each other on overnight loans.

However, the Fed action will reduce borrowing costs almost immediately for U.S. bank customers whose home equity and other floating-rate loans are tied to the prime interest rate.

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