Cynthia & Preston's Blog

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Real Estate Agent - Keller Williams Realty
Real estate news and views, helpful tips for home buyers & sellers, and the occasional rant perhaps
RECENT BLOG POSTS
In yesterday's blog I promised to come back to this one! If you default on your home loan and the bank takes it back through foreclosure, they will then sell it to try and recover as much of the loss as possible. Contrary to the thoughts of some, seldom do banks make money on foreclosures. After ...
07/08/2008
I just got off from a call on a listing of ours that happens to be a duplex, and the caller said that he was a beginning investor. Had he done much homework yet, I asked? Not too much yet, he answered. Cynthia and I have owned and operated rental properties for 7 years now and have always approac...
07/08/2008
So you can no longer pay the mortgage. What happens next? Here is that process in plain English, from a non-lawyer. In Florida, the process of the lender regaining possession of the property for non-payment is basically a lawsuit -- they sue for possession, and that is foreclosure. Pre-pre forecl...
07/07/2008
I got this question from a contact of mine last night. He is about 5 months behind in his payments and has not yet been served with any legal papers. He wanted to know, "Do I have the right to sell the property and salvage whatever equity I might have left?" My answer: "You absolutely can. You, a...
07/07/2008
Cynthia and I just did an all-day training on short sales and foreclosures last week -- probably the third or fourth training we've been to on this topic. We've decided (and redecided at each training) not to take on the short sale specialty ourselves for a number of reasons, but we wanted to kno...
07/07/2008
You may have heard that the "My Safe Florida Homes Program is coming to an end or has already come to an end. As the State approaches the end of their funding for this program, the free inspections will probably end within the next few days. This is according to the inspector who just did our ins...
07/07/2008
Cynthia was working on our 4th of July postcard and decided to include this quote: "People willing to trade their freedom for temporary security deserve neither and will lose both."                          -- Benjamin Franklin   It turns out that this is actually a paraphrase of what Franklin re...
07/04/2008
Our office is using a very fancy real estate software package that compiles all kinds of interesting statistics -- primarily for the purpose of establishing the correct price for a given home in a particular area -- very powerful stuff. I couldn't help but see what it had to say about our Keller ...
07/03/2008
ok, here are the floor plans, one level at a time. First, ground level: Here we see the storefront, then the ground floor of two living units, then the garage. Optionally, the storefront can be connected to the adjacent living unit by a door and purchased together as a "work-live" unit. Cool or w...
07/03/2008
Our lot in St Petersburg is standard-sized: 45 feet wide on Central avenue and extending 100 feet back to the alley that runs down the center of the block. So what kind of building can you put up there that isn't a plain, ugly old concrete box? Here's what kind: The retail shops at street level a...
07/03/2008
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Cynthia Calisch and Preston Larus

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