Pompano Beach, FL

I saved a young couple from foreclosure, last week. What a great feeling! We started planning about 9 months to a year ago. They had assets that we had to retitle, wait for them to mature and then we put our plan into motion. Durng this time they spoke to several attorneys to be sure of their position.

They were a victim of a builder situation. The property was an eight unit townhouse complex. The builder still owned 4 units which were going into foreclosure - the other units were short sales. Water was a frequent intrusion in the early days. Most units had mold that had to be remediated at the owners expense. No builder warrenty! Early this year, the officers of the homeowners association resigned, there was no money to operate, the electric & water to the common area was turned off. The insurance expired. What a mess! Because of this sitation and the market, values dropped 50 to 75% . The four owners were simply a victim of circumstances.

We found an investor for all 8 units; however, the builder would not cooperate; because he wanted to do a Deed in Lieu. What a surprise! He continues to cause pain to the purchasers in his complex. The investor proceeded to attempt to purchase the 4. We closed the first one last week. My sellers were thrilled! They thanked both Realtors for doing such a great job. Lots of stress; but the end result was fabulous.

What a great feeling! A real natural "high". Thank you for asking me to help you.

It's the same credit as before, but with additional benefits and stipulations.

$8,000 tax credit to first time homebuyers.

$6,500 for repeat purchasers (those who have used previous home as principal residence for 5 of 8 previous years).

Set income limits at $125,000 for single and $225,000 for joint filers.

The credit is available until April 30, 2010, with a 60 day extension if binding contract is in place by April 30th.

Purchase price of home must not exceed $800,000.

The House of Representatives may adjust some details, but if no changes are made President Obama could sign it by the end of the week.

This news combined with the fact that the interest rates are being kept so low makes this a very smart time to buy property... from me. ;)

UPDATE:

THE HOUSE AND SENATE HAVE PASSED THE CREDIT EXTENTION, SO ALL OF THE ABOVE INFORMATION IS CORRECT.

For additional information, check out http://www.federalhousingtaxcredit.com

The two Wieder Realty offices have listed, sold and rented more property in Palm-Aire in the past 90 days than any other brokerage, according to MLS Statistics.

Q: How does Wieder Realty list the most property in the Palm-Aire area?

A: Here are the Top 10 Reasons why:

1. We have two local offices to serve our customers

2. Print advertisements for our listings in Palm-Aire specific magazines & newspapers, the Sun-Sentinel, and various other newpapers in Philadephia, New York & Canada

3. All of our listings are advertised heavily locally, nationally & internationally

4. We have over 20 agents serving Palm-Aire and the surrounding areas

5. Wieder Realty is Family-Owned and Operated since 1986

6. We Showcase Listings on Realtor.com, the #1 Real Estate website

7. We feature our listings on more than two dozen real estate websites

8. Both of our offices have been operating in Palm-Aire for more than 20 years

9. We send out hundreds of postcards thruout Palm-Aire featuring the best of our Just Listed and Just Sold properties.

10. www.Palm-Aire which generated 5,689 individual visitors, who in turn viewed 35,721 pages in September alone.

Pompano Beach is characterized by a mixture of old and newer developments which tends to turn off many luxury waterfront buyers. Some homogeneous areas offer opportunities in the $750k to $3.5m for canal or Intracoastal homes.

Oceanfront residences are typically priced in the $2m to $10m range.

Luxury waterfront condos include Claridge, Luna Ocean Residences, Riverside Grande, and Sonata Beach Club. Typical prices are in the $600k to $1m.

Other South Florida communities offering Oceanfront and Intracoastal Estates include Palm Beach, Manalapan, Delray Beach, Highland Beach, Boca Raton, Hillsboro Beach (Hillsboro Mile), Fort Lauderdale, and Golden Beach.

Visit www.EliteWaterfront.com for current Waterfront homes and condos Sales and Listings.
Selling the Best Waterfront Homes and Condos from Palm Beach to South Beach
Ben Giordano, MBA, MILHM, CDPE, REOS, Realtor®
Waterfront Specialist with Realty Associates

Ocean, Intracoastal, and Canal Homes and Condos in the Following Coastal Cities:
Palm Beach, Manalapan, Delray Beach, Highland Beach, Boca Raton, DeerfieldBeach, Lighthouse Point, Hillsboro Beach, Pompano Beach, Lauderdale by the Sea, Fort Lauderdale, Hollywood, Hallandale Beach, Golden Beach, Sunny Isles Beach, Bal Harbour, Surfside, Miami Beach, and South Beach.

Today's Quiz . . .

Palm-Aire's Palms Championship Course is

A. IN TERRIFIC CONDITION
B. NOW OPEN 7 DAYS A WEEK
C. JUST $22 ON WEEKDAYS (Limited-time special)
D. ALL OF THE ABOVE
The correct answer is D - all of the above.

With the majority of the clubhouse remodeling complete,
we'd like to re-introduce South Florida to this hidden gem
of a golf course with this limited-time golf preview:
$22 weekdays / $35 weekends

During this promotion, Palm-Aire & PACC Card
members will enjoy additional discounts.

Must present coupon. Cart included. Add 6% sales tax. Good for
up to 4 players. Not valid with other offers. Valid thru 10-30-09.

FLORIDA RESIDENT RATES ALSO AVAILABLE
FOR OAKS, CYPRESS & SABALS!

Call (954) 975-6244 for Tee times.