HUD-1 Settlement Statement | Cascades St. Lucie West

Tag Archives: HUD-1 Settlement Statement

Selecting The Right Retirement Community.

Selecting The Right Retirement Community. More and more people are choosing to move to a retirement community. The very first thing you need to take into consideration is where you want your retirement community to be located. You could choose from an urban environment or a country setting but understanding what your particular needs are – now and in the future plays a big part in which retirement community you should move to.

Many people like to be close to where they live now, just a little further out. But some like to move to the city where there are more sights and accessibility.

If you have children, you might also want to consider a location that is near to them so you can more easily spend time with them and with your grandchildren. In addition, if you have special medical needs, you might want to choose a community that is near to certain medical facilities. Or, if you are interested in pursuing educational interests that you never had the time for before retirement, a college community might be the best location for you.

Know Your Needs and Desires

Not all retirement communities are the same, so you need to have a clear idea of what you need and what you want in a retirement community. First, some retirement communities are set up like apartments, while others utilize manufactured homes, RVs, townhomes and single family homes. Therefore, you will first need to make a decision regarding which of these building styles is most desirable to you. If you are looking for a little more privacy and ease of access, a retirement community made of manufactured homes or single family homes may be the best option for you.

Be sure to consider your hobbies as well. In that way, you can select a retirement community that will make it easier for you to pursue those hobbies. For example, if you enjoy golfing, you might want to find a retirement community that is on a golf course. If you like fishing, then a community near the lake is ideal. If you want to be able to have most of your needs met within the retirement community, you might want to seek out a resort-type community. On the other hand, if you might occasionally need some assistance with your basic living needs, you might want to consider an active adult community that also offers basic assisted living services.

Once you have your choices narrowed down, contact the retirement communities you are considering and ask for more information. They will likely send you a packet filled with information that you can browse through.

In many cases, the retirement community will also offer a visitor’s program or a vacation getaway program that will allow you to take a tour of the property or stay overnight. This will help you get a better idea of whether or not the community is right for you.

And remember, before selecting any retirement community try getting a second opinion from a relative or friend. Often, we fall in love with what we want, blocking out any negative aspects. Another opinion offers you advice that you may never have thought of.

About the Author: Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida. Millie is Vice President of Bold Real Estate Group, a boutique agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties. For more information please forward your request to communityinfo@comcast.net

View thousands of new and resale homes: www.Northeast-Florida-Relocation.com, www.BoldRealEstateGroup.com, www.NewYork-Florida-RealEstate.com, www.PGAVillage-Homes.com a Golf Style Private Community, www.TheCascadesAtStLucieWest.com a 55+ Resort Lifestyle Community, www.HealthcareRelocationServices.com

Tags: 55+ Port St. Lucie Community, Amelia Island, Bold Real Estate Group, Buyer, Cascade Range, Cascades Community St. Lucie West, Cascades St. Lucie West, Clay court, Florida, Florida-RealEstate.com, Florida-Relocation.com, Health care, Home insurance, HUD-1 Settlement Statement, Real estate, Real estate broker/agent, Retirement Community, Senior Living, St. Lucie West Homes

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Categories Uncategorized
Author Millie Gil, Lic. Florida Real Estate Broker

Turning Your Attic Into Living Space by Bold Real Estate Group

19 Sep

Turning Your Attic Into Living Space by Bold Real Estate Group. An attic can yield up to hundreds of square feet of unused living space in your home. Do you have another child coming into the family? Are you starting a new business that requires more office space? Would you like to turn that attic into a guest room? All of these are viable ideas to create a room out of storage space that is rarely used! With a little sprucing up, maybe a fresh coat of paint and some windows added into the space, the attic could become one of the warmest rooms in the house! Use these tips to help you create your attic room!

Sometimes a fresh coat of paint is all it takes to add life to a room. Consider that most attics are unpainted and unfinished with low ceilings there are many painting techniques that we can use to make the ceilings appear higher, and make the room appear brighter. The lighter the color of the walls, the larger the room is going to appear. Take note of the walls, are they finished? Is the wood in good condition? Would it be beneficial to keep the history and paint the walls or would it be best to finish the walls with drywall and paint?

Take into account what the room will be used for. Often, attics are not insulated. If the room is going to be used for an office, den, living space or bedroom it is a good idea to insulate the walls before finishing the drywall. This will add warmth to the room, because no one is going to want to spend time in a freezing cold room. Make sure that it is insulated properly, contact the local professionals.

Attic floors can be customized to give the room character. Often, all they need is a good sanding, and a couple coats of wood varnish. The older the home, the more authentic that the attic floors are going to be. Add in a few area rugs here and there, and floors, and walls will be complete. These are two major parts of completing your attic room, and making it ready for your family or for guests, so these two tasks could have you on your way!

Next comes the ceiling, after the walls have been painted, it is time to look at the ceiling. How is the shape of the ceiling? Should it be replaced? If the ceiling needs to be replaced, it could be completed at the same time that the walls are finished with drywall. Be sure to use thin drywall, as attic rooms are small, and we need all the space that we can get.

After the main elements of the room have been completed it is time to think about décor. Finishing the room on a budget could mean visits to the local chain store, or thrift store to find cozy, chic furniture for less. This means, that you could spend more on fabrics, accessories and other elements to make the room feel more like home.

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Active Adult Community, Bedroom, Bold Real Estate Group, Cascades Community St. Lucie West, Florida, Home insurance, HUD-1 Settlement Statement, New York Mets, port st. lucie florida, Real estate, Real estate broker/agent, Retirement Community, Senior Living, St. Lucie West Homes, Vice President of the United States

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Categories Uncategorized
Author Millie Gil, Lic. Florida Real Estate Broker

Key Clauses In Rental Agreements by Bold Real Estate Group

16 Sep

Key Clauses in Rental Agreements by Bold Real Estate Group. The rental community is booming these days but the majority of prospective renters don’t understand the key clauses in rental agreements.

1. The Late Fee-

You need to have very clear understanding of when your rent is late, as far as what the late fee is exactly. Also, many places will only accept certified funds if late. Be aware that many management companies also have rules in place for accepting rent from multiple parties.

2. The exact term of the lease-

Do not assume that just because you moved in on the 17th that it will end on the 17th of the following year. It may, or it may run to the end of the calendar month.

3. End of Lease-

Have a clear understanding of the lease termination. Many leases have clauses built in to convert to a month-to-month agreement if either party doesn’t terminate or sign a new lease by a certain date. Various communities have different time frames needed to end a lease. Some are 30 day, most are 60, and a few are 90 days before you are looking to move out.

4. Early Termination: What you will owe-

Along with the knowledge of how much written notice to give, you also need to know how much you will owe if you leave early. There should always be a clear ‘Early Termination’ clause in your agreement. Know that very well.

5. Right to access-

Management in most states has unlimited right to access the unit as needed. I know it seems like an invasion of privacy, but you are leasing a small portion of their multi-million dollar investment. Basically, your apartment still belongs to them.

6. Your deposit-

Where does it go? How much is refundable at move out. Is your final water bill deducted automatically? All those things need to be clear.

7. Amenity Rules-

This may be in a separate section all together, but check terms just in case. How many guests do they allow at the pool, hot-tub, fitness room, etc? Understand that while the limitations provided may be an inconvenience to you, the rules are there because, once again, you are sharing a space.

8. Utility payments-

What are you going to pay out of pocket? How is it billed or metered. What are the terms for changing the rate?

9. Pet Policy-

If pets are included, don’t try to bypass the pet deposit. Tell management up front so that you can have a clear understanding of the pet policy. They may have strict areas for dog-walking, or kitty litter removal.

10. The concession/special rate-

What that means is the rate you will pay the entire term of the lease. Are you going in on a reduced rate? If so find out exactly what terms apply. It’s not uncommon that if you are late, you will lose the right to your special that month. Others, if you leave early you have to pay a portion of your concession back.

The most common problems that occur are no meeting of the minds between residents and landlords.

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Amelia Island, Cascades Foreclosure Homes, Cascades St. Lucie West, Clay court, Florida, Home insurance, HUD-1 Settlement Statement, Hutchinson Island, Lease, New York Mets, Ponte Vedra Beach Florida, port st. lucie florida, Real estate, Real estate broker/agent, Renting, Retirement Community, Senior Living, St. Lucie West Homes

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Categories Cascades Community, Cascades St. Lucie West
Author Millie Gil, Lic. Florida Real Estate Broker

How To List Your Home Short Sale

8 Aug

How to list your home short sale

Inevitably, during a dip in the economy some people feel it worse than others. If you are experiencing especially hard times and are unable to pay the mortgage on your home right now due to your special financial situation you may have options.

A short-sale could be the perfect solution for many homeowners missing their payments because of the economic downturn. In fact, a short-sale is preferred by lenders as well as homeowners; it’s a win-win for everyone.

What is a “short sale?”

A short sale occurs when the net proceeds from the sale of a home are not enough to cover the sellers’ mortgage obligations and closing costs, such as property taxes, transfer taxes, and the brokers’ commission. The seller is unwilling or unable to cover the difference.

Who do you contact first?

Seller must contact a qualify Real Estate office specializing in short sale negotiations.

How do I get the lender to reduce the amount of the mortgage owed?

Many lenders will not negotiate the mortgage balance until a written Contract for Sale and Purchase has been received. The seller is often asked to submit income tax returns, income stubs and other information so that the lender can determine if it is truly a hardship case. The bank will also need comps or a broker’s price opinion showing your estimate of value.

What if the lender won’t reduce the amount of the mortgage?

Unfortunately, not all lenders will reduce the amount of the mortgage if they feel that the seller can pay the deficiency. In this case, the seller will have to either sign a Promissory Note to the lender, borrow funds from relatives or other sources, or the sale won’t go.

Are there any tax implications for the forgiveness of debt?

The forgiveness of any debt is imputed income to the seller for tax purposes. A 1099 is usually given to the seller at closing and the imputed income is listed on the HUD-1. Please consult with your financial advisor for more information.

What is Necessary from a Successful Short Sale Negotiator?

Sophisticated financial knowledge
Understand the lender’s language
Reliable – a company with name to protect
Time, time and more time
Accurate paperwork
Experience
Legal knowledge
Negotiation skills
Strong supportive administration
Capability to handle high volume
Legal reasonability

Bold Real Estate Group Short Sale division is dedicated to working with home sellers towards a successful resolution of the Short Sale process. Our legal assistant will collect and review all the necessary documents, research tax, title and liens on the property and purchase contract for lender review. Our legal assistant will not collect a retainer fee for services. Legal fees and Real Estate commission will be paid by the lender as part of their NET loss for the short sale approval. Your lender is contacted weekly for updates and make sure positive progress is being made on the file. Please feel to contact our office with any questions or concerns regarding our short sale process.

Servicing Florida Cities: Port St. Lucie, Palm City, Jensen Beach, Stuart, Vero Beach, Hutchinson Island, Fort Pierce, Palm Beach, Jacksonville, Jacksonville Beach, Ponte Vedra Beach, Palm Coast, Neptune Beach, Amelia Island, Atlantic Beach, Fernandina Beach, Saint Johns, Saint Augustine, Daytona Beach, Fleming Island.

About the Author: Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida. Millie is Vice President of Bold Real Estate Group, a boutique agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties. For more information please forward your request to communityinfo@comcast.net

Tags: 55+ St. Lucie West Community, Bold Real Estate Group, Cascades Community St. Lucie West, Cascades Foreclosure Homes, Cascades Short Sale Homes, HUD-1 Settlement Statement, Hutchinson Island, Jacksonville Beach Florida, Ponte Vedra Beach Florida, port st. lucie florida, Promissory note, Real estate, short sale, St. Lucie West Homes

Master-Planned Communities For Active Adults-Not Your Typical Subdivision Anymore

4 Aug

Master-Planned Communities For Active Adults-Not Your Typical Subdivision Anymore

Retirement living is changing drastically – these days you’re more likely to see residents zooming by on motorized golf carts and jogging that 3rd mile, than chugging along in a push wheelchair. This is not your grandmother’s retirement community.

Many of these master planned retirement communities are age-restricted and often located near metropolitan areas or nearby suburbs. The minimum age is typically 55, with one member of the household qualifying. Some communities restrict ownership to those who are age 62 and older, and all occupants must be at least 62. Many are gated and private.

Living in Style – Amenities

How do you know if you’re in a Master-Planned Community or simply a typical subdivision? Generally, they are distinguished by the tremendous number of amenities and conveniences;

• Club House
• Golf Courses
• Libraries
• Fitness Centers
• Swimming Pools and Spas
• Arts & Crafts Centers
• Billiards and Card Rooms
• Tennis Courts
• Basketball Courts
• Continuing Education Classrooms
• Hiking & Biking Trails
• High-Tech Media Centers
• Banquet and Ballrooms

The list is endless; it’s like an on-going vacation that never ends.

So why would you move out of a perfectly comfortable home that has served you well and into a retirement community filled with strangers? Just think of all the benefits waiting for you.

• Single-story living.
One level means those facing troubled knees or aching bones aren’t forced to climb stairs.

• Birds of a feather.
Your neighbors are unlikely to be screaming teenagers on skateboards; they are people just like you.

• Little or no yard maintenance.
The homeowner association mows lawns, waters gardens, trims trees, sweeps walks and, in areas where it’s needed, provides snow and ice removal.

• Resort living.
Fun-filled activities are located within walking distance or an easy commute. All fees are included.

• Mix work with play.
Many of today’s seniors are not ready to live a life of 100% leisure and want to continue working or perhaps start a new career. Homes in retirement communities generally include an office, den or separate workspace.

It’s also all the intangibles like human services, religious diversity, community spirit, healthcare and lifelong learning that are the cornerstones of these master planned retirement communities.

When choosing where you will retire, ask yourself, what type of life do I envision?

3 DAY DISCOVERY TOUR PACKAGE & 3RD NIGHT FREE!!!

NEW CONSTRUCTION FEATURED COMMUNITIES LOCATED IN

NAPLES, JACKSONVILLE, OCALA, TAMPA, ORLANDO, PONTE VEDRA

View thousands of listings www.Northeast-Florida-Relocation.com, www.BoldRealEstateGroup.com, www.NewYork-Florida-RealEstate.com, www.PGAVillage-Homes.com, www.TheCascadesAtStLucieWest.com, www.HealthcareRelocationServices.com

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Bold Real Estate Group, Cascades Community St. Lucie West, Cascades Foreclosure Homes, Cascades Short Sale Homes, Cascades St. Lucie West, Continuing education, Golf course, High tech, HUD-1 Settlement Statement, Naples, Planned community, Ponte Vedra Beach Florida, Retirement, Retirement Community, St. Lucie West Homes

Want to List Your Home as Short Sale?

14 Jul

What is a “short sale?”

Who do you contact first?

Seller must contact a qualify Real Estate office specializing in short sale negotiations. Please feel free to contact Bold Real Estate Group for more information or concerns about the short sale process.

How do I get the lender to reduce the amount of the mortgage owed?

What if the lender won’t reduce the amount of the mortgage?

Are there any tax implications for the forgiveness of debt?

The forgiveness of any debt is imputed income to the seller for tax purposes. A 1099 is usually given to the seller at closing and the imputed income is listed on the HUD-1.

What is Necessary from a Successful Short Sale Negotiator?

Sophisticated financial knowledge
Understand the lender’s language
Reliable – a company with name to protect
Time, time and more time
Accurate paperwork
Experience
Legal knowledge
Negotiation skills
Strong supportive administration
Capability to handle high volume
Legal reasonability

Bold Real Estate Group Short Sale division is dedicated to working with home sellers towards a successful resolution of the Short Sale process. Our legal assistant will collect and review all the necessary documents, research tax, title and liens on the property and purchase contract for lender review. Our legal assistant will not collect a retainer fee for services. Legal fees and Real Estate commission will be paid by the lender as part of their NET loss for the short sale approval. Your lender is contacted weekly for updates and make sure positive progress is being made on the file. Please feel to contact our office with any questions or concerns regarding our short sale process.

For Legal Advice Contact: Attorney Bonnie A. Brown

For a Real Estate Professional Contact: Bold Real Estate Group, Inc.

Servicing: Port St. Lucie, Palm City, Jensen Beach, Stuart, Vero Beach, Hutchinson Island, Fort Pierce, Palm Beach, Jacksonville, Jacksonville Beach, Ponte Vedra Beach, Palm Coast, Neptune Beach, Amelia Island, Atlantic Beach, Fernandina Beach, Saint Johns, Saint Augustine, Daytona Beach, Fleming Island and New York real estate.

Tags: 55+ St. Lucie West Community, Bold Real Estate Group, Fleming Island Florida, Florida Real Estate, HUD-1 Settlement Statement, Loan, Mortgage loan, Negotiation, Promissory note, Real estate, Sales, short sale, St. Lucie West Homes

Comments 1 Comment
Categories Cascades St. Lucie West, Florida Real Estate, Gated Community, Home Buying, Port St Lucie Homes, Real Estate, Retirement Community, Seller, Senior Living, St. Lucie West Homes
Author Millie Gil, Lic. Florida Real Estate Broker

Cascades Listing Reduced For Quick Sale! By Bold Real Estate Group

20 May

$227,499

CASCADES PORT ST. LUCIE HOME REDUCED FOR QUICK SALE!

2 Bedrooms & 2 Baths, Den/Office, 2 Car Garage, Lakeview

Call For Community Tour of Cascades at St. Lucie West (772) 224-1634 or (772) 224-9011

If you’re looking for an incredible lifestyle clubhouse, please come to preview a gorgeous Ruby model home in the unique Cascades lifestyle community. This beauty possess two bedrooms, two full bathrooms, a lovely Den/Office, formal dining room, living or family room overlooking a wide lake, nicely done kitchen with large size cabinets, large breakfast area inclusive with table, chairs and built-in angled extra seating with cushions, new gas heater in March, 2011, gas range, gas interior heat, plenty of closet space, two car garage, screened lanai overlooking the lake and exotic birds. This beauty is a rare find!

Rent or Buy and experience the lifestyle you deserve. The Cascades at St Lucie West is a premier resort lifestyle active 55+ community featuring Mediterranean-style architecture and beautifully manicured grounds.

The Cascades offers it’s own 9-hole golf course, 10 lighted Har-Tru Tennis Courts, a 26,000 sq.ft. Clubhouse, outdoor pool & spa, fitness center, sauna, multi-purpose ballroom, media room, library, and card and billiards rooms available to enjoy year round, yoga classes, tai-chi classes, water aerobics, bridge class, bocce, scrabble, games, computer class, music & performing arts club, art and crafts, ballroom dancing, theater, travel clubs, mah jongg, Canasta, book club, poker club, weekly events and much more! Gated entry with 24-hour controlled access for privacy. St Lucie West is the location of the New York Mets spring training program. The community is conveniently located, minutes away from theaters, houses of worship, great restaurants, movie theaters, post offices and hospitals. Contact Bold Real Estate Group for a complimentary tour and let us welcome you to your dream home. Your best investment opportunity is at The Cascades! Short Sales, Foreclosures and Rentals available. Single family homes priced as low as $134,900

Having the right real estate agent means having an agent who is committed to helping you buy, sell or rent your home with the highest level of expertise in your local market. This commitment level has helped me build a remarkable track record of delivering results.

Nothing is more exciting to me than the gratifying feeling I get from helping people meet their real estate needs. You can count on me to always do what’s in your best interest. I pride myself on being honest, trustworthy, and knowledgeable in the real estate market. I know how important it is to find your dream home. Therefore I will make it my responsibility to help you achieve those goals.

Whether you are an experienced investor or a first time buyer, I can help you in finding the property of your dreams. Please feel free to browse my website or let me guide you every step of the way by calling or e-mailing me to set up an appointment today.

Concierge: Bold Real Estate Group will provide concierge services including set up of excursions and area information.

Dining and Shopping: Residents will find an enticing selection of restaurants in the area, ranging from light meals and fast food to gourmet dining. Nearby shopping venues include mainstream consumer retail outlets, shopping mall and specialty boutiques.

Health Care: Three nearby hospitals, Lawnwood Regional Medical Center, St. Lucie Medical Center and Martin Memorial Health Systems provide complete modern medical care including 24-hour emergency services. Martin Memorial’s St. Lucie West Walk-In Clinic is located in the St. Lucie West area.

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Bold Real Estate Group, Cascades Community St. Lucie West, Cascades Foreclosure Homes, Cascades Short Sale Homes, Cascades St. Lucie West, Fleming Island Florida, Florida Homes, Florida Real Estate, Garage (house), Health care, Home Buyer, HUD-1 Settlement Statement, Hutchinson Island, Jacksonville Beach Florida, New York Mets, Ponte Vedra Beach Florida, port st lucie, port st. lucie florida, Port St. Lucie Homes, Real estate, Retirement Community, Seller, Senior Living, Shopping mall, st. lucie west, St. Lucie West Homes

Comments Leave a Comment
Categories Cascades St. Lucie West, Retirement Community, Seller, Senior Living, St. Lucie West Homes
Author Millie Gil, Lic. Florida Real Estate Broker

What is a “short sale”

13 Apr

What is a “short sale?”

Who do you contact first?

How do I get the lender to reduce the amount of the mortgage owed?

What if the lender won’t reduce the amount of the mortgage?

Are there any tax implications for the forgiveness of debt?

The forgiveness of any debt is imputed income to the seller for tax purposes. A 1099 is usually given to the seller at closing and the imputed income is listed on the HUD-1.

What is Necessary from a Successful Short Sale Negotiator?

Sophisticated financial knowledge
Understand the lender’s language
Reliable – a company with name to protect
Time, time and more time
Accurate paperwork
Experience
Legal knowledge
Negotiation skills
Strong supportive administration
Capability to handle high volume
Legal reasonability

Bold Real Estate Group Short Sale division is dedicated to working with home sellers towards a successful resolution of the Short Sale process. Our legal assistant will collect and review all the necessary documents, research tax, title and liens on the property and purchase contract for lender review. Our legal assistant will not collect a retainer fee for services. Legal fees and Real Estate commission will be paid by the lender as part of their NET loss for the short sale approval. Your lender is contacted weekly for updates and make sure positive progress is being made on the file. Please feel to contact our office with any questions or concerns regarding our short sale process. For a confidential appointment, please contact us at communityinfo@comcast.net

Tags: 55+ Port St. Lucie Community, Bold Real Estate Group, Cascades Community St. Lucie West, Cascades Foreclosure Homes, Cascades Short Sale Homes, Cascades St. Lucie West, Florida Homes, Florida Real Estate, HUD-1 Settlement Statement, Loan, Mortgage, Mortgage loan, Moving, Port St. Lucie, Promissory note, Real estate, Retirement Community, sale, Seller, Senior Living, Short (finance), short sale

Comments Leave a Comment
Categories Cascades St. Lucie West, Retirement Community, Seller, Senior Living
Author Millie Gil, Lic. Florida Real Estate Broker

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Cascades St. Lucie West

Selecting The Right Retirement Community.

Turning Your Attic Into Living Space by Bold Real Estate Group

Key Clauses In Rental Agreements by Bold Real Estate Group

How To List Your Home Short Sale

Master-Planned Communities For Active Adults-Not Your Typical Subdivision Anymore

Want to List Your Home as Short Sale?

Cascades Listing Reduced For Quick Sale! By Bold Real Estate Group

What is a “short sale”

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