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In the last week or so, it was noted by the press that Brevard County has the highest Foreclosure rate in the entire Country. While this may or may not be true (statistics can be twisted in many ways), it does not mean that there are lots of nice, rock-bottom priced properties available.... Read More
While there are no data to back up the following comments, many of my colleague's thoughts dovetail with my own. First, the summer has been a bit slow real estate-wise. A lack of quality and correctly-priced properties combined with the election cycle and the pending "fiscal cliff" have hurt the market greatly.
Americans like a confident, sure market.... Read More
For thousands of people across the United State, the Mortgage Forgiveness Debt Relief Act of 2007 has been a great...well, relief. In short, it allowed borrowers to not pay taxes owed after a house was sold for less than the amount owed to the lender. Previous to 1997, if there was a deficit, it was reported to the IRS as income to the borrower.... Read More
The Brevard County Real Estate market is changing in that it is hugely uneven. In the several years following the 2008 housing meltdown, the prices dropped across the board. Every city, county, neighborhood, etc. Now, some parts of Brevard County still have an abundance of inventory for sale while others have little.... Read More
I recently attended a Port Canaveral meeting where the commissioners unveiled megaplans for the Cove area of the port. The Cove is a good-sized area on the South side of the port that is a popular place for locals as well as tourists and includes mainly restaurants with a minor amount of shopping.... Read More
I know it may seem odd that a small brewery may be considered an attraction, but that is what it will be. Florida Brewing Company is moving its operations from Melbourne, Florida to Cape Canaveral in order to capture some the cruise ship market. The brewery will produce up to 100,000 barrels a year (a relatively small amount in the industry) and includes an 8,000 square-foot "tasting room".
As an elected Cape Canaveral City Councilman, the business fits into my plan to give the city more of its own identity and to be able to capture more of the tourist dollars that would normally go somewhere else.
There are more good things coming but I wanted to let my readers know about this exciting development.... Read More
While Real Estate Brokers and Salespeople get some business from sites like Zillow.com, Trulia.com, etc., using these can be very frustrating for the consumer. Sure, while they offer area-specific statistics regarding prices and incomes, one of the main features is a housing search. This is where they fall down...badly.
Rarely do these sites have updated listing information.... Read More
The developers of Bayport Condominium in Cape Canaveral have been forced to liquidate the last remaining units (16). The condominium is on the Banana River in Cape Canaveral with great views. They were built in 2005-06 and were only rented from 3 months to 3 years, depending on the unit.... Read More
Q: I filed bankruptcy and abandoned a home in 2008. Since then the bank has not foreclosed and the homeowner's association keeps sending me bills. What can I do? - Kimberly
A: While it may sound obvious, you own your home until you don't anymore. By this I mean you can't just walk away without being responsible to your association, the tax collector and your neighbors.... Read More
Are you interested in moving to a new area of the country where the weather will be nice almost every day of the year and recreation opportunities abound all around you? If so, one of the first places that you should think about moving is to the Florida Space Coast.... Read More
Q: I have a contract to buy a foreclosed property and am ready to close. On the closing date, it was discovered that the home had an outstanding lien. The lender, Bank of America, doesn't want to pay the lien. What rights do I have? I know if I don't close, I lose my deposit, but what is the bank responsible for here? - Enrique
A: Good news.... Read More