House Swapping: Fad or Possibility
Posted on September 21, 2007 - Filed Under Real Estate, Saving, Spending | 3 Comments
House swapping is the increasingly popular activity involving two homeowners staying at each other’s houses for a set period, typically allowing both to vacation gaining a more authentic experience for a low cost. Homeowner A would live in Home B for a time period, while Homeowner B lives in Home A.
I have seen this growing in popularity […]
Prepayment Penalty On Mortgages
Posted on September 14, 2007 - Filed Under Loans, Debt, Real Estate, Credit Report, Unexpected Expenses | 1 Comment
There are certain times when you come across blatantly obvious unethical tactics used by corporate America to squeeze out more profit by misleading consumers. One of the most sinister tactics of the subprime loan industry was the burying of a prepayment penalty in the mass of documents signed at a house closing. FreddieMac describes a prepayment penalty as “an option that […]
Read More..>>29 Month Supply of Condos in Orlando is Nothing Compared to Miami
Posted on August 31, 2007 - Filed Under Real Estate | Leave a Comment
The Orlando Sentinel recently reported there is a 29 month supply of condos available with 4,400 condos for sale in the Orlando area. I was not surprised when I read the Orlando Sentinel article this past weekend as downtown is exploding with condo towers that appear empty at night. Then reading that Miami has over 48,000 condos […]
Read More..>>Upgrading Your Home: Want vs. Need
Posted on August 22, 2007 - Filed Under Real Estate, Loans, Home Savings, Relationships and Money, Financial Planning, Spending | 5 Comments
How do you know when it is time to upgrade your house? The average length of time spent in a home seems to have decreased over the years. I know very few people my age that do not move a few times before settling down, along the way buying and selling a couple of homes. […]
Read More..>>Condo-Hotel Concept: Is It Worth Checking Out?
Posted on June 26, 2007 - Filed Under Real Estate, Net Worth, Rental Property, Investing | 3 Comments
Living in a high tourism area like Orlando, Florida the condo-hotel concept has been marketed heavily here. A few years ago the newspaper would have an article on a new condo-hotel being planned at least once a month it seemed. New development has tapered off but there are still a significant amount of condo-hotels completed or […]
Dumping Your Preconstruction Condo Deposit
Posted on May 28, 2007 - Filed Under Real Estate, Rental Property, Investing | Leave a Comment
It’s a tough decision to make: Do you leave the sizable deposit you paid on the preconstruction property or do you close on it? In this buyer’s market many investors that were previously planning to flip the property without closing, are rethinking the investment. The New York Times recently had an article documenting some of the worse […]
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