Archive for October 2010
Florida title insurance rebate
21. October 2010 by admin.
Deerfield Beach, FL (PRWEB) October 20, 2010
Do you consider yourself frugal? Smart? Sophisticated? All of the above? For many, the answer is “yes.”
So why leave hundreds, if not thousands of dollars on the table when selling, buying or refinancing property in Florida?
“Title companies in Florida are prohibited from discounting a title insurance premium rate set by the state. But they can offer a rebate,” said Assure America Title Company president Anthony Crupi. “Just by asking, consumers can receive from my company title insurance rebates of up to 20 percent.”
A $500,000 home sale in Florida requires payment of title insurance at $2,575. A $1 million dollar home costs $5,075 in title insurance.
“In most counties in Florida, a 20 percent rebate could put $515 back in your pocket if you sold a $500,000 home, or $1,015 on a $1 million home,” Crupi said.
“The buyer pays the title fee in Broward, Miami-Dade and Monroe counties, while the seller pays the fee in Palm Beach County and the rest of the state. Theoretically, a person selling a home in Palm Beach County and buying a new home in Broward or Miami Dade would have to pay title insurance fees twice,” Crupi said.
“There are many closing costs involved in buying and selling property. You pay real estate commissions, attorney fees, and taxes to record the sale and transfer of a property. With the economy sluggish and real estate prices down in many cases, it makes sense to be an educated consumer and seek to cut costs where possible,” Crupi added. “The state allowed title insurance rebate program we offer can be significant.”
Assure America Title Company provides a variety of title services to protect home buyers and lenders against losses because of title defects or liens on property. The company offers services throughout the United States but has a particularly strong presence in Florida. Services offered include:
- Settlements for Purchase/Refinance
- Free Short Sale Processing
- Title and Liens Searches
- Deed Preparation
- Escrow Services
- Closing Services
- Commercial Title Services
- 1031 Exchange
To learn more about the types of services Assure America Title Company offers, including the Florida Title insurance rebate program, call 1-877-427-9696, or visit the company web site at http://www.assureamericatitleinsurance.com.
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Short Sale opportunities could grow
16. October 2010 by admin.
‘Short Sale’ Opportunities Could Grow In Wake Of Flawed Foreclosure Paperwork
WEST PALM BEACH, FL (Oct. 14, 2010) – Foreclosure paperwork mishandling by lenders and their legal representatives could provide an opening for individuals attempting to “short sale” their properties, Realtor and real estate mediator Deidre Newton says.
“Attorney Generals and consumer groups are questioning whether lenders have filed, based on overwhelming volume, insufficient or illegal paperwork against property owners who have fallen behind in their mortgage payments,” Newton says. “The challenges in the courts may result in a significant delay of foreclosure cases for several months, if not longer.”
But for those individuals making payments but having a hard time selling their property because their mortgage has become higher than the value of their home, the foreclosure paperwork fiasco could be beneficial, Newton said.
“The foreclosure paperwork mess might create added leverage for ‘underwater’ home owners,” said Newton, founder of the Real Estate Negotiation School, www.renegotiationschool.com.
“Lending institutions might be more willing to negotiate the sale of such properties to move them off their books,’” Newton said. “While short sales are not optimal for lenders, they might see them as a pragmatic way of keeping people from abandoning their homes and creating a greater devaluation of properties and blighting of neighborhoods.”
A frequent contributor to media reports on the real estate scene, Newton is participating in a series of “Florida Housing Help” workshops sponsored by the state Department of Financial Services, http://www.myfloridacfo.com/Consumers/OutReach/FLHousingHelp.asp.
The next workshop is this Saturday, Oct. 16, 10 a.m. to 4 p.m. at the City of Lauderhill City Hall, 5581 W. Oakland Park Blvd.
Newton will also be holding a seminar called “Short Circuit the Short Sales” from 9-11 a.m. next Wednesday, Oct. 20, with members of the Jupiter-Tequesta-Hobe Sound Association of Realtors, 901 W. Indiantown Rd # 18, in Jupiter.
(For additional information, contact Newton directly at (561) 685-0386 or isellwpb@aol.com)
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