Mitchell Jamel e-PRO Realtor

Join Chef Andrea for the grand unveiling of our Remodeled retail store and a day full of great food, demo and tastings...

April 11, 2009 from 11am - 6PM add this to your plans if you are in St Augustine, Southside Jacksonville or Ponte Vedra, Located in the St Johns Oaks off of US1 just south of SR210 and North of International Golf / Palencia...

Also located in this strip center is Claudes Chocolate http://www.claudeschocolate.com/index.php now making bake goods.

I have a buyer and will be showing Property all day in Durbin Crossing, Nocatee, World Golf Village and Palencia and plan to visit on my way home.

A.Chef's Cooking Studio

145 Hilden Road
Ponte Vedra Fl 32081
904-827-1350
www.achefscookingstudio.com

St Augustine market is still holding it own, with only 50 Foreclosures +/- active at this time & with over 3,000 listing as a Percentage it not bad. My sales in December where both Foreclosures one at Palencia and one in Hannahs Walk

• Palencia sold for $240,000 with over 1800 SQ FT & some very nice Upgrades. Originally sold for $400,000 in 2005, wow what a few year can do to a market

• Hannahs walk sold for $120,000 3/2.5/1 Built in 2006 and Originally sold for $240,000 back in 2006.

January2009 I have 3 contract so far and planning on writing another one next week 2 are Foreclosures and 1 is a Short sale, I have some great deals for St Augustine Foreclosures with interest rates heading lower as well as prices I expected 2009 to be a busy year with prices dropping and not hitting a bottom until Loan Modification or refinancing for underwater home owners is address.

I have several buyers looking to buy property in St Augustine Florida, They are not Investors.

1. I have a customer looking for a 2/1 over 800 SQ feet this can be a Condo or Villa, needs to be located in St Augustine Beach or Crescent Beach up to $90,000 (Rio Del Mar area)
   - No Short Sales, looking to close Fast
   
2. Looking for a House 3/2 in St Augustine can be located on the Island, South or out west
   up to $130,000
   - Short Sales are ok needs to close by March 2009
   
3. Looking for a 5/3/3 over 2900 SQFT with the Master on the first floor up to $220,000
   - Fast Close by December 2008 no Short Sales

Please contact me by e-mail with the MLS number of the home you would like me to preview or with the details and price range for non listed homes, REO, Asset Managers.

First I would like to mention that many banks are starting to offer Loan Modification, relocation assistance and much more.

Stay in your Home!

1. Loan Modification , this maybe available to homeowner that still has income but had an event that has cause a Hardship. Option include reducing Interest down to 1% for up to several years, creating a no interest loan for 6 months and then set at 5% and many more based on your Mortgage holder
2. Short Sale, if you are not earning or you just want out, then this is the next based option to avoiding foreclosure. This process requires you to list your home at market value and takes 60 - 90 days after you accept an offer for acceptance. I have had short sales slow down foreclosures for some of my customers for over 6 months, based on the offer many lenders are willing to offer relocation assistance from $2,500 - $5,000.. Please reference this site http://www.homeloanlearningcenter.com/YourFinances/ForeclosurePreventionResourceCenter.htm
3. Deed in Leui, this option after the home is listed for several months makes it possible to just hand them the keys & Deed and may offer relocation assistance from $2500 - $5,000
4. Foreclosure

I hope this help and you the home owner understands that you have more then one option, the issue is not one company offers all methods which cause them to offer only what they understand but this may be best for you.

Links

http://www.homeloanlearningcenter.com/YourFinances/ForeclosurePreventionResourceCenter.htm

IRS link

http://www.irs.gov/newsroom/article/0,,id=174034,00.html

Update Feb. 4, 2008 - The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief

http://www.hopenow.com/

Doing research for loss mitigation training, I found many site that offer to help the Florida home owner

• HOPE NOW efforts come at no cost to the borrower. Borrowers should be wary of sources that offer help but require a fee. http://www.hopenow.com/
• Are you having trouble paying your mortgage? Nothing is worse than doing nothing. Call the Homeowner's HOPE^TMFree Hotline: 1.888.995.HOPE

• NeighborWorks America creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities.

• http://www.nw.org/network/foreclosure/default.asp Foreclosure Resources

• http://www.995hope.org/

• Through our 888-995-HOPE^TM hotline, the Homeownership Preservation Foundation has a single mission: to help homeowners avoid foreclosure. We are an independent nonprofit that provides HUD-approved counselors dedicated to helping homeowners.

  The help we offer is free.

  Our counselors are experts in foreclosure prevention and trained to set up a plan of action designed just for you and your situation. When you talk to us, you won't be judged and you won't pay a dime. That's because we don't just offer general advice - we help you take action. Counselors will arm you with education and support that assists you in overcoming immediate financial issues...at no cost to you.

• http://www.995hope.org/who-we-are/partners/

  Counseling Partners

  Our credit counseling partners are neutral third party resources providing education and counseling that helps homeowners overcome financial difficulties and stay in their homes.

  Ten leading nonprofit credit-counseling agencies provide the credit counseling service. These include:

• http://www.flgov.com/hope_task_force

• Foreclosure hurts all Floridians by depressing home values and causing families to lose homes, jobs and hope. As this task force comes together to explore solutions, we will search for ways to restore hope to Florida's families - and to our state's economy.

http://www.floridahousing.org/Home/HousingResources/ForeclosurePrevention/

As home foreclosures continue to rise across the state, Florida Housing will provide the following foreclosure prevention resources and links. New/updated resources and links will be added to this page as they become available, so please check back frequently for the latest information.