About Poinciana's Solivita

Hi folks. While cruising around Face Book this morning I found a link posted by Matt Heaton that really helps to explain the beast that is MERS (Mortgage Electronic Registration Systems).

The key points.....in a nut shell are:

• * Tax Avoidance. In the mid 1990s Mortgage Bankers set up MERS to avoid paying State and County transfer taxes. All the assignment of mortgages would take place within this shell company so technicallly the owner of record would not change.
  

• * "Employees" who really aren't. MERS "owns" 60% of the Nation's mortgages yet has no real employees!! They allow employees of mortgage services, originators, debt collectors and foreclosure law firms to register as officers of MERS so they can use the corporate name to foreclose on properties!
  

• * Splitting the note and the mortgage. This action would basically make it impossible to foreclose on the note since the mortgage is the instrument used to secure the collateral. Splitting the two makes the note unsecured.
  

Take a few minutes and read the full article. The MERS Edifice Quavers (The Market Ticker)

Man oh man!!! The shit is truly getting ready to hit the fan. I really don't know what else to say. Do you?

Are you facing foreclosure in Florida?

Hi folks. Today I want to clear up one big misunderstanding about the Equator.com system. For those of you that aren't familiar with Equator, Equator is the online portal that Bank of America and GMAC use to help expedite their short sales. Quite often I hear from agents, buyers  and sellers that......"Equator accepted our offer" or "Equator denied our short sale." In fact, here's a question I pulled off of www.ShortSaleSuperStars.com this morning.

• "Equator accepted our counter. Then 5 days later said it "made a mistake" and rejected our offer, after it accepted. Has anyone seen this before?"

MY RESPONSE:

Equator is nothing more than a software program to help lenders/servicers process short sales. They don't have negotiators nor can they make decisions about short sales.

When a short sale is entered into Equator, the servicer (usually Bank of America), is looking at the deal and trying to negotiate a short sale that they feel the investor (Fannie Mae, Freddie Mac and others) AND the mortgage insurance company (MI) will accept. Once a short sale in Equator is "accepted" it is then passed on to the next entity (investor and/or MI) for their approval. This entity may very well come back and continue to negotiate or even reject the deal that was already "accepted" by the servicer.

• ***Until an actual written short sale approval letter or denial letter is issued the transaction is still being negotiated and the terms and conditions can change.

When you receive a counter offer in Equator the Seller has 3 options.

• Accept: If you accept the deal is passed on for final approval (or counter).

• Reject: If you reject....the file is closed and you have to start over. ***Warning Will Robinson!!*** NEVER reject!!! Rejecting in Equator is not something that can be retracted. If you choose that option in a fit of passion you have to start over. DON'T DO IT!!

• Counter. Unless the deal is acceptable...counter. Countering is where you have the opportunity to dispute a cash contribution, or a promissory note. It's also your opportunity to dispute the value of the property by uploading market data.

But whatever you do, just remember, you are NOT negotiating with Equator. Make sense?

By the way, here's a sample offer and counter offer from the Equator system. Hopefully this will help.

Sample Equator Counter Offer

Are you facing foreclosure in Florida?

SoliVita. The place for active adults to enjoy all that Florida has to offer. Amenities include 2 par 72 golf courses at Stonegate Golf Club. The Riviera Spa and Fitness Center with full gym, indoor track, indoor aquatic center, 2 out door spas, heated pool, dance studio and much more.

Also enjoy the Village Center with its restaurants, 17,000 sq ft Starlight Ballroom, pool hall, ceramic and art studios and waterways for canoeing, boating and fishing. And as if that's not enough there are 11 heated pools through out the community.

And the new Palms Amenity Complex with it's state of the art fitness studio and 4,000 sg ft pool. Professional staff on site. Oops! I forgot to mention the tennis courts, pickle ball courts, horse shoe pits, dog park, softball fields and nature preserves. You really just need to come have a look. Houses from the low 100s to mid $500s.

Want to find out more? 407-873-2747
www.RealEstateSolivita.com

www.YouTube.com/SoliVitaRealEstate

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

Hi folks. Let's talk a little bit about Real Estate market conditions in SoliVita. Recently I have spoken to several SoliVita homeowners and the first thing they mention is that NOTHING is selling in SoliVita. Well lets look at some facts. The figures below are based on the first half of each year.

In 2006, at the peak of the market, there were 72 closing in the first half of the year. This year there were 91 sales! That's an increase of 20%. In fact that's the most resales in SoliVita for that time period EVER! So...properties are selling at a rapid pace.

Now let's explore why properties in SoliVita are selling. This one is easy. PRICE! It's all about the price. At the peak of the market, 1st half of 2006, the average sale was at $276,600. This year, 2010, the average selling price in SoliVita is $165,301. That's a decrease in value of 40%. Considering homes in Poinciana have had a decrease in value of 70%....the values in SoliVita have held up pretty good.

So.....will your SoliVita home sell in this market? ABSOLUTELY!!! As long as the price is right. If you want to know what that price is just give me a call....I'll figure it out for you. OK?

Want to find out more? 407-873-2747
www.RealEstateSolivita.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

Hi folks. Kind of a lazy hot Florida day today. I'm just sitting around and was thinking how fortunate we are to be in the business of real estate. Set your own hours, take a day off if you want, meet interesting people, solve problems, help people realize their dreams and get paid well.

So I was wondering how did you get into real estate? Was it a conscious decision or something you just fell into?

My journey began about 16 years ago while driving a taxi cab out at Disney World. I was driving families to the attractions all day and dropping them off to buy tickets at the gate where they had to wait in line. Waiting sometimes for an hour or more.

Then I had a flash. Why not buy tickets at a discount and sell them to the people in my cab for a profit? So I did this and made some pretty good money doing it. At about this same time The Lovely Wife interviewed with a vacation management company for a receptionist job. Since she was way over qualified the owner decided to hire her to open up a guest service company. She would be selling attraction tickets and transportation to UK vacationers staying in short term rental homes.

To make a long story short this evolved into a company that my wife and I started called Holiday Makers. From there I went to work at the same management company that had hired TLW. I became their property manager with the sole intent of increasing their management inventory so Holiday Makers would have more homes to sell tickets in. I figured more homes, more money for Holiday Makers. Eventually the guests started wanting information on purchasing homes. And from that TLW and I opened Tutas Towne Realty, Inc. That was 13 years ago.

So I was wondering...... how did you get into real estate?

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved