After Years of Town Hall Discussions and Intense Home-Owner's Meetings, the Federal Aviation Administration announced its decision, that the Fort Lauderdale-Hollywood International Airport (FLL) has approved the proposal by Broward County to extend the airport's south runway (9R/27L).
After years of studying the potential environmental impacts of increasing the airport's capacity to meet the demand of air traffic and reduce flight delays, the FAA has determined that extending the airport's south runway (9R/27L) to a length of 8,000 feet is the federally preferred option (Option B1B) and offers the surrounding communities the least impact. 
The decision by the FAA to extend the south runway is the same physical runway layout which was approved by the Broward County Board of County Commissioner's in June 2007 and is consistent with the federally approved Airport Layout Plan.
Cities affected are Dania Beach, Davie, Fort Lauderdale, Hollywood, and all the communities of the Greater Fort Lauderdale area. For more details visit: Broward.org/Airport. Kathy Hyatt, Ft. Lauderdale, Florida
With the Federal Government's re-emphasis on "FHA" as the key vehicle for resuscitating the real estate market, now is a good time to review the FHA Mortgage in more detail. Let's start with the basics.
First off, the "FHA" insures loans that approved Lenders make--it does not purchase them as Fannie and Freddie do. If an FHA insured home goes into bankruptcy, FHA pays off the mortgage to the lender, takes ownership of the home and then proceeds to sell it (a HUD home).
FHA loans are available for 1 to 4 units, owner occupied home. There are a number of FHA programs that cover the Gamut of Real Estate offerings from your "Vanilla" FHA loan to condos to REO's to reverse 
mortgages to rehab to veteran loans and more.
Over the last few months, the FHA began implementing some changes to its programs. In addition, the 2008 Housing & Economic Recovery Act placed additional changes on FHA practices, some of which modified FHA proposed changes. Here are some of those changes:
FHA has changed its underwriting rules to limit the ability of a home-owner to use rental income from a previous residence that it converted to a rental property when applying for a new mortgage on a second property. Under the new rule, the homeowner must prove sufficient income to make both mortgage payments without the rental income or have an equity position in the rental property that it will not likely result in defaulting on that mortgage. (Exception to this rule is for employment relocations.) No Surprise, as this change mirrors the announcement by Fannie Mae in August. Apparently, homeowners--in increasing numbers--are choosing to vacate their existing principal residence and purchase a new residence. They are then providing misleading information on the rental income of the property being vacated to justify the new mortgage. These changes effectively end the "bail and buy" loans.
The 2008 Housing and Economic Recovery Act also called for an increase in down payment required to 3.5%. That change went into effect January 1, 2009. Seller concessions of 6% are still allowed; however, down payment assistance programs have been eliminated effective October 1, 2008.
As with any Loan Program, there are a number of stipulations that must be met to gain approval. That is why it is important to choose the right FHA approved lender. Not all FHA approved lenders service all FHA loan programs. Not all programs are right for you. Contact your lender for the most up-to-date information.
Kathy Hyatt, Ft. Lauderdale, Florida
Hyatt Extreme Christmas
My husband and I have been spreading "Joy" to Kids Big and Small for almost 20 years now and this Year we are even Bigger and Brighter.
We are proud to to provide everyone this Video Clip of what we refer to as
"Hyatt Extreme Christmas" Enjoy
5 Mistakes to Avoid When Purchasing Foreclosed Properties
Everywhere you look Americans are reminded of the number of increasing Foreclosed Properties. But for many Real Estate Investors, one person's tragedy can be another person's good fortune. With so many foreclosures on the Market, this can be a Once-in-a-Generation Opportunity for many People. Still, the purchase of foreclosed property remains a complex and involved process where plenty of would-be buyers can make costly mistakes. Here are my Top 5
1. Searching without a Realtor: While seasoned Real Estate Investors can certainly get away with going through the traditional home buying process without a Realtor, foreclosed real estate is another matter. These transactions can be complex and require the expertise of not just any real estate agent but one with a background in buying and selling foreclosed homes. Do some research and find a Realtor with foreclosure experience in your market.
2. Searching too broadly: With so much Inventory and even more coming onto the market, it's easy for buyers to become overwhelmed. Buyers should target a specific Neighborhood and contact a Local Realtor. Buyers should be specific with their Realtor as to the Preferred Location and Property type they want. Your Realtor can also set up "Automatic Searches" that meet your requirements once a property becomes available.
3. Thinking short term: Since many foreclosed properties may decline further in value in the upcoming months, it is important that Buyers approach the purchase of Foreclosed Real Estate with a long Term Goal in mind. If you are just trying to cash in on a quick flip, don't buy a foreclosure. Only Seasoned Investors with the resources or Buyers who can afford a fully amortized fixed-rate mortgage should consider buying foreclosed property.
4. Seeing only the Sale Price: While the Sales Price of many Foreclosed Properties are priced significantly less from what they were a few years ago, Buyers need to also be aware of Maintenance and Repair costs to these Properties. It is recommended that Buyers set aside anywhere from 10% to 15% of the Sales Price when considering this type of a purchase and also keep this in mind when they are negotiating.
5. Not familiar with the Law: Many Buyers are surprised to learn and find out that "Foreclosures" are indeed heavily regulated with each state having its own unique set of laws. Buyers also need to be aware that Realtors are not Lawyers; therefore serious Buyers should always review the Foreclosure Laws in their State and obtain qualified Legal advice from a Local Attorney.
While many Buyers can certainly get good deals on foreclosed properties, it's a mistake to assume that banks will accept any and all offers. Banks have little desire to sell houses, so they typically outsource their Properties to Realtors. While Realtors do want to get the properties sold off quickly, they also want to get a good price so that the bank will give them additional business. A lot of people just assume that because this property is bank-owned they will just take half off and that's just not true.
So, my best advice would be to hire a Realtor and start building a team of knowledgeable Professionals that can help you and make sure that they represent YOU... not the bank.
How does everyone like the New Supra Key?
So I have been using my new Supra Key for a few months now and I still miss the old model. Embracing change has always been somewhat of a challenge for me; however I do the Best I can.
This is a list of my Hot Spots with the new Key:
•· The old Supra Key was small and easily fit in my purse or pockets; this new Key is much bigger, about the size of my wallet.
•· I could update the old Key at any time. Now I have to remember to charge this. (Yeah, I should have purchased that Lighter Plug)
•· I have to remember to take this out of my car. Didn't have to worry about that with the old key.
I can admit that I really do like the little flash light especially with Day Light Savings Time starting tomorrow and I am sure I will learn to like the new Supra Key as much as my old Key. It is just frustrating, the other day when I could not remove my Supra Lock Box because my Key was not charged. Aaargh!
So tell me Active Rain, what do you think of the new Supra Key?
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As a Real Estate Professional serving South Florida for 20 yrs I have the Experience & Knowledge to get the job done. I provide the highest level of customer service and available to my Clients 24/7
The most important thing when choosing a real estate professional is to find someone you can trust. I have a history of success and integrity in real estate that you can depend on. I am an experienced negotiator with expert knowledge of the local market. You can count on me to always work with your interests in mind, and to represent you and your wishes to the best of my ability.
What is the Keyes Vision?
Keyes Real Estate will be the company of choice for customers and agents because Keyes Sales Associates are ethical, forward-thinking and results-oriented professionals who take a proactive approach to real estate. Therefore, agents can be sure they'll have the best tools and training to accomplish any job. Consumers will have total confidence that they are dealing with a consummate professional demonstrating the highest level of service and integrity.
As your Real Estate Consultant it is my job to not only understand your needs, but to respond to them Promptly, Professionally and with Integrity. I am results oriented with emphasis on Ethical Standards and I represent my clients with care and integrity. I stand out in my Profession because I feel it is important to do all that I can to insure a successful transaction and that all parties involved are totally satisfied with the results.
As a Real Estate Professional, I am constantly upgrading my Knowledge and Education in order to best service to my Clients. I Possess these Professional Designations:
•· 
AHWD~At Home With Diversity
The Council of Real Estate Specialist encourages Realtors to achieve AHWD that relays to the public that I have been professionally trained in and are sensitive to a wide range of cultural issues.
•· 
ABR~Accredited Buyer Representation
The ABR designation is the benchmark of excellence in buyer representation.
•· 
CHMS~ Certified Home Marketing Specialist
Earning the CHMS has provided me with the skills and knowledge to help guide sellers to market their homes in order to achieve maximum profits.
Whether you are buying or selling a House, hire someone like Me, who wants to earn your business. I invite you to contact me as I would be happy to assist you with this important transaction. Please visit my Website where you can:
•· 
"Search for Homes on MLS" and also set up your own
•· 
"Listing Notification" You can be alerted the moment a Home becomes available.
•· 
"Mortgage Calculator" Is a Very Popular tool that Buyer's can Use or simply contact
•· 
"Kathy's Best Mtg Lender" for all of your Mortgage Questions and Free Pre-Qualification.
On my Website be sure to check out "Kathy's Cool Links" which has been designed to provide important local information along with other Fun and Interesting Items. Here are a few of the links:
•· Money: Florida Lotto and Florida Treasure Hunt, Are you a Winner?
•· Schools Broward County Schools & College Scholarships
•· Utilities: Electric, Phone and Cable
•· Sports Venues: Dolphins Football, Marlins Baseball, Panthers Hockey
•· Transportation: Ft. Laud. Airport, Am Trak Train Service, Greyhound Bus 
Good communication is the cornerstone of any successful relationship. You can count on me to provide you with the information you need on a schedule and in a manner that suits you best, and you will always have 24x7 access to a wealth of online resources through your private Web page. If need be, you can get in touch with me day or night via e-mail, phone or pager.You can reach me anytime at 954-347-0244
In Today's Competitive Real Estate Market, timing is Everything. Buyers today are move value conscious than ever before and they know what they want. According to the National Association of Realtors, Buyers are beginning their home search anywhere from 6 to 12 months prior to their move date. Greater than 80% of all Home Searches are completed thru the Internet. Another Fact is that Buyers want to see Multiple Picutures, Virtual Tours and detailed Information on a house.
Selecting a Realtor is just as important as selecting the right Home to buy. Kathy Hyatt is a South Florida Native serving South Florida for 20 years that has the Experience and Knowledge you must have in our fiercely competive Market that I love and refer to as "Beautiful South Florida Living"
Yes, Selling Real Estate is much different than what it use to be. In Today's Market you need a Real Estate Professional who is not only knowledgable in all aspects of real estate, but who also Aggresively use the internet to Market your Home. It takes 3 things to Sell a House. They Are: Exposure, Condition and the Right Price. Exposure is the responsibility of the Real Estate Professional you Hire. Condition and Price are in the Seller's control. All three working together is the only way to guarantee a sale for your home. I advertise on over 50 Web Sites making sure Buyers see you Home First!
Buying or Selling a home can be an overwhelming and often a complicated experience, however given Kathy's incredible ability to anticipate and intercept problems before they occur, Buyers and Sellers can relax and enjoy the excitement. Kathy understands that a Home, regardless of its price, holds and reflects the value of your Life's investment.
I truly Love what I do. My pleasant and easy-going demeanor enables me to associate with a variety of personalities. My approach to Real Estate is straight forward, honesty with open communication combined with strong people skills. A Sense of humor and a positive attitude are necessities for survival in Real Estate and you will find plenty of both when you meet me. Prior to being a licensed Realtor, I worked in the Mortgage Industry for over 15 years. Initially I processed loans and soon after started underwriting loans for FHA and VA. Along with an extensive knowledge of Real Estate, Good Communication Skills were developed along with my keen attention to detail.
About Me
Personal
I am a Native South Floridian and have been residing in the Plantation area for over 20 years. As a Mother of two children, I have learned the fine art of Patience and Negotiations, As well as Balance in Family and Career. I enjoy reading Books, Boating & Water Sports and enjoying life in Beautiful South Florida.
Commitment To You
Real Estate is a challenging and exciting profession and I am committed to giving the best service possible to my clients and customers. I look forward to adding you to my list of Satisfied Clients, where my business is built on Reputation and grown by Referrals.
Thanks to Kathy we are Homeowners!! As first time homebuyers we had alot of questions and concerns. Kathy was great to work with and listened to us and understood our wants and needs. She found us our perfect home and was able to negociate the terms with the Seller where our offer was accepted! Kathy set us up with her loan officer, Mark with Platinum Home Mortgage. We can not Thank Mark enough for all his Patience and making the whole process as Stress Free as Possible. We are so grateful that we closed right on time and we really appreciated that Mark went to closing with us. Thank you Kathy and Mark. Greg and Francesca Johnson
Dear Kathy,Thank your for your time and patience in selling our home. Before my son and I met you we heard stories of how difficult it is to deal with realtors. Your posivive attitude changed our ideas of Realtors forever. Thanks to your Marketing Action Plan you sold our house and we can no begin our new life in Tennesse. Thank you again, Geri and Scott Ballus
We tried to sell our home on our own and it was a nightmare. We had no experience other than watching HGTV on television and without local knowldge of the market our results were less than spectacular. We were referred to Kathy and that all changed! Thank you for showing us the way Donnaven and Maxine Simms
I never thought we would find our dream home if it were not for you Kathy. I previously started searching for homes with a friend of ours who was an agent and got no results. It wasn't until we met you, that you took the time to listen to what we wanted and where we wanted to live that we found the perfect home for our family. Everytime we pull up to the drive way we think of you. Thank you for making it possible, I will always refer all our friends and family to you. Michelle Benson
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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