FHA 203K is back! If REO agents or Short Sale agents don’t like your FHA 203K offer, think many times before you quit: this program will help boost the real estate market condition: Homebuyers with little down payment and who intend to occupy the house will have funds to rehab the house, their prices will be higher than All Cash buyers, Bank sellers (REO)  don’t have to fix anything, nor replace carpet and fixtures which might be stolen because the house is vacant; listing agents don’t have to keep an eye on these listings 24/7 especially after [Read more…]

This law revises the TDS and MHTDS to include a disclosure regarding compliance with the smoke detectors and water-heater bracing laws (eliminating the need for separate disclosure forms). The TDS and MHTDS will also add a disclosure regarding carbon monoxide detection devices. This law enacts the Carbon Monoxide Poisoning Prevention Act of 2010.  The law requires a carbon monoxide device (battery or hard-wired) to be installed in a “dwelling unit intended for human occupancy.” A violation is punishable by [Read more…]

Recent Real Estate Law cracks down on the mailed advertisements sent to property owners offering, for compensation, to provide a copy of the grant deed or other record of title by making it a crime unless certain disclosures are provided and the advertisement does’t mislead a person into believing that the company is affiliated with a government agency.

Boracay Island, Philippines in December, 2010

Buying beach front properties is still an open opportunity. Corporate investors are starting to buy up and tear down shanties to build resorts and hotels. There are still some native owners one can try to find if one is willing to research deeper and strike a deal. White sands all around the island; west side, called white long beach, is calmer than the east side. Tourists from [Read more…]