All Categories - Luxury Gulf Properties offered by Fleur de Lis Realty

Parties Unlimited

1/31/2014

Do you have a special event coming up and need hospitality personnel? Consider Parties Unlimited, Parties Unlimited is a premier bartender and food server staffing company. Parties Unlimited specialize in home and office parties, wedding receptions and special events. Serving the Emerald Coast from 30A, Rosemary Beach, Seacrest, Seaside, Watercolor, Santa Rosa Beach, Miramar Beach, Destin, and Fort Walton Beach. For more information about Parties Unlimited go to www.PartiesUnlimited.net

On a more personal note I highly recommend Terrell Tourelle, the owner of Parties Unlimited, I have known Terrell for over 10 years, he is reliable, and he has the respect of his service teams and that alone will ease your mind on your party day!

Bev Dudley, Realtor

Fleur de Lis Realty

850-240-3933

Bev@LuxuryGulfProperties.com

www.LuxuryGulfProperties.com

Home for Sale with Yard Space and Workshop

1/8/2014

This country charmer offers a large back yard and a workshop. The privacy fence has been custom built with a gate so you may park your Boat or RV beside the house. There is a small workshop for the guy or gal that likes to be creative. This 3 bedroom 2 bath home offers a living area, den, breakfast bar, hardwood floors and screened porch for your summer time enjoyment. It is located close to Grand Boulevard, Sandestin and the Silver Sands Outlet Mall for shopping dining and nightlife. Take a short drive to your public beach access at Gulf Place on 30A.

Please contact me for more information about this home located at 200 Nuit Drive, Santa Rosa Beach, FL MLS 608599

Call, Text or Email me I am always happy to help!

Bev Dudley, Realtor

850-240-3933

Bev@LuxuryGulfProperties.com

www.LuxuryGulfProperties.com

Fleur de Lis Realty, 24 Choctaw Shores Court, Miramar Beach, FL

Search for Real Estate like an Agent with ListingBook!

8/30/2013

Search for Real Estate like an Agent with ListingBook! ListingBook offers the most complete and accurate data for home buyers and sellers in the area. Such as up-to-date Multi Listing Service data, local market conditions for the Emerald Coast, area sales reports with price history and community information. This is an Invitation ONLY Website, so you may contact me for an invitation or you may sign up with your name and email address at www.SweetAndSaltyTeam.ListingBook.com. Once you sign in you will have all the Local Data needed to make an informed decision about buying or selling along the Emerald Coast. Search Real Estate Like an Agent get ListingBook today!

Bev Dudley, Realtor
850-240-3933
bev@sweetandsaltyteam.com
www.SweetandSaltyTeam.ListingBook.com
http://www.LuxuryGulfProperties.com
Fleur de Lis Realty, 24 Choctaw Shores Ct.,
Miramar Beach, Florida 32550

FHA Back-To-Work-Extenuating Program Waives Foreclosure, Bankruptcy, And Short Sale Waiting Periods

8/27/2013

The Federal Housing Administration (FHA) has waived its 3-year
foreclosure waiting period.

Effective August 15, 2013, FHA has agreed to waive the current 3
year wait period under a new program called “Back-To-Work-Extenuating Circumstances”

What is the FHA Back- To-Work-Extenuating Circumstances program?

The FHA Back To Work - Extenuating Circumstances program is the FHA's "second chance" for mortgage applicants who have experienced financial hardship as a result of unemployment or severe reduction in income. Borrowers with a recent history of bankruptcy, foreclosure, judgment, short sale, loan modification or deed-in-lieu can now apply and get FHA approved for an FHA-insured mortgage. It will still allow up to 96.50% financing! This should certainly open the door for many borrowers who lost their jobs and their homes as a result of the recession.

The FHA "Back To Work" Program Is Official On August 15, 2013,
the Federal Housing Administration moved to relax its guidelines for borrowers who "experienced periods of financial difficulty due to extenuating circumstances".

Dubbed the "Back-To-Work-Extenuating Circumstances Program", the FHA removed the familiar waiting periods that typically followed a derogatory credit event.

If you have experienced any of the following financial difficulties, you may be program-eligible:

•Pre-foreclosure sales
•Short sales
•Deed-in-lieu
•Foreclosure
•Chapter 7 bankruptcy
•Chapter 13 bankruptcy
•Loan modification
•Forbearance agreements

The FHA realizes that, sometimes, credit events may be beyond
clients’ control, and that credit histories don't always reflect person's true ability or willingness to pay on a mortgage.

Please contact me for more information about this program and for a list of approved lenders, not all lenders are approved for this program.

Bev Dudley, Realtor
Fleur de Lis Realty, Miramar Beach Florida
850-240-3933
Bev@SweetandSaltyTeam.com
SweetAndSaltyTeam.ListingBook.com
www.LuxuryGulfProperties.com

FHA Cuts Wait time for New Loans on Old Credit Issues

8/21/2013

FHA cuts wait time for New loans on old credit issues.

For borrowers who meet certain requirements, the FHA is trimming to one year the amount of time that homebuyers must wait to have an approved loan after a bankruptcy, foreclosure or short sale before they may qualify for a FHA-backed mortgage.

The waiting period had been two years after the completion of a bankruptcy and three years after a foreclosure or a short sale.

Borrowers must be able to show their household income fell by 20 percent or more for at least six months and was tied to unemployment or another event beyond their control. They also must prove they have had at least one hour of approved housing counseling and, among other things, have had 12 months of on-time housing payments.

If you have questions about Real Estate, let me know. To search for Real Estate like an agent go to:
www.SweetAndSaltyTeam.Listingbook.com
www.LuxuryGulfProperties.com
or contact me Bev Dudley, Realtor
850-240-3933
Bev@SweetAndSaltyTeam.com

The Short Sale Process has been Streamlined...Myth of Fact?

6/6/2013

Has the short sale process been streamlined? Have you heard short sales are being “approved within 90 days”? Have you heard “this is an approved short sale”? Are you hearing “the short sale price is lender approved”? At one time, I heard banks had to approve the short sale “purchase price within 30 days”. I would like to be able to believe, but it has not been my experience, at least not with the last short sale, closed in April, 2013.

This particular property had been under contract previously, all documents were sent to the short sale lender and when the contract terms were countered by the sellers’ lender, the buyer backed out. The listing agent placed the property back on the market and now advertised the short sale as “a lender approved price and an approved short sale”.

This advertising written in the Multi Listing Service was far from correct; in fact it took eight months to get short sale approval and the short sale lender countered the terms of the contract two times.

The other issue my buyer experienced with this short sale, the
seller selected a title company whose attorney charged a short sale negotiation fee, of 1.5% of the sales price, to the buyer. Other attorneys receive their fee from the proceeds of the title work, without charging additional fees; real estate agents do not charge additional fees for short sales. Yet this short sale went on for eight months and over the period of eight months the buyer heard from this attorney one time, by email, for the small price of $2,215.00. So paying an attorney will not insure a quick closing for a short sale.

So if you have heard “the short sale process has been streamlined” and you are wondering if this information is Myth or Fact? In my opinion this is a...Myth.

Contact me for more information regarding short sale or any of your real estate needs. www.luxurygulfproperties.com

Bev Dudley, Realtor
Fleur de Lis Realty
850-240-3933
bev@luxurygulfproperties.com
www.luxurygulfproperties.com

The Housing Market has been like a Roller Coaster Ride for the Past Decade, are you Ready for the Incline?

2/21/2013

The steep incline in housing market prices between 2003 and 2005 caused a bubble in the market and when the bubble burst the ride down was quick. Homes that were once valued at $400,000 in 2005 were now only worth half price by 2007 and 2008. By 2009 we saw homes being purchased for the same price they had sold for in 1999. Could this mean that the housing market over corrected itself?

In 2009 and 2010 market prices became somewhat stable, similar to the last few moments of the roller coaster ride when it is coming to an end and you’re glad you survived.

Historically in normal housing market conditions, prices increase by 3 to 4 percent per year, but in the past couple of years we have seen prices increase at a rate of 8%. So are we headed for a “new bubble” or did the over correction of housing market prices in 2009 cause prices to increase more rapidly just to catch up with the new normal of 2013?

Overall it is a great time to buy and sell property, with prices bouncing back and low interest rates, it’s a win win for both buyers and sellers. Please contact me for more information.

For more information about housing market click here.

Bev Dudley, Realtor®
Fleur de Lis Realty
850-240-3933
Search the MLS

Why do I need a Wind Mitigation Report?

2/8/2013

Have you been told by your insurance company that you need a wind mitigation report to get a discounted rate on your home owners policy? Are you skeptical about paying $75 for a Wind Mitigation report? Don’t be, this $75 could save you hundreds or thousands of dollars over the next twelve months and years to come.

A wind mitigation report is to determine how your home will hold up under the Hurricane conditions we face each year in Florida. After the storms of 2004 and 2005 the State of Florida changed building codes to help homes along the coast withstand stronger winds than ever before. So if your roof was installed in 2005 your home should be up to code and pass the wind mitigation report with flying colors.

For instance, recently I was helping a client to secure insurance
on a bay front townhome. The cost of the insurance was around $3000 per year. I found that the roof had been replaced after the storms of 2005 and I encouraged my client to have the Wind Mitigation report completed along with the home inspection. The roof had been installed in 2008 CREDITthe plywood was a certain thickness CREDIT the nails or screws had been installed within the spacing requirement CREDIT and the insurance policy was reduced from $3000 per year to $2377 per year. I discussed the report in detail with the insurance agent and he said “if the clips were installed he could reduce the rate to $1353 per year”. My client is planning to have the clips installed immediately after the closing to save another $1000 per year on his insurance policy.

So if you ask me; why do I need a Wind Mitigation Report? I will ask you; will you spend $75 to save thousands of dollars per year?

For more information about Wind Mitigation Reports and inspectors please contact me.

Bev Dudley, Realtor
Fleur de Lis Realty
www.LuxuryGulfProperties.com
bev@sweetandsaltyteam.com
850-240-3933

Short Sale Approved with Three Mortgages

1/4/2013

I recently had a short sale approved with three mortgages, the first lien holder was Nationstar, the second and third lien holders were Wells Fargo. The interesting part was that Nationstar refused to issue their short sale approval letter until they received short sale approval letters from the second and third lien holders’ Wells Fargo. Of course, Wells Fargo would not issue a short sale approval without the approval from the first lien holder Nationstar.

Once I realized the problem, I was able to work with the negotiator at Nationstar to make them understand the quandary they had created. Once I was able to explain, it was only a few days later that Nationstar issued their short sale approval. Now I was able to work with Wells Fargo and received their approval within two weeks.

Understanding the short sale process and the chain of events that must happen in the process is very important and if the negotiator does not understand the process, we as Realtors must educate them in order to best represent our sellers in the transaction.

For more information about our Sellers Internet Marketing Plan:
http://www.luxurygulfproperties.com/sellers-internet-marketing.html

Search the MLS: http://www.luxurygulfproperties.com/index.html
Bev Dudley, Realtor
Fleur de Lis Realty
Miramar Beach, FL
850-240-3933
bev@sweetandsaltyteam.com

The Mortgage Forgiveness Debt Relief Act Has Been Extended Until January 2014!

1/3/2013

The mortgage forgiveness debt relief act has been extended until
January 2014 and this is great news for borrowers that are being forced to short sale their property. If you are an owner occupant and you must short sale the property because of a hardship, you will not be liable to pay federal taxes on the difference between the
pay-off of your loan and the sales price of the property.

This extension is only guaranteed for one more year so if you need to short sale your property call me today as the short sale can be a lengthy process.

For more information about the Mortgage forgiveness debt relief act click on this link: http://www.luxurygulfproperties.com/real-estate-news.html

Bev Dudley, Realtor
850-240-3933
bev@sweetandsaltyteam.com
Fleur de Lis Realty