Matt Maxwell

Single Story For Sale in Miami

Matt Maxwell — Fri, 19 Feb 2010 15:20:00 GMT

• 1,799 sq. ft., 2 bath, 4 bdrm single story - $194,900

Miami, Miami-Dade County

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Single Story For Sale in Homestead

Matt Maxwell — Fri, 19 Feb 2010 15:06:00 GMT

• 1,099 sq. ft., 2 bath, 3 bdrm single story - $32,000

Homestead, Palmetto Country Club Estates

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15163 SW 94 TE in The Hammocks is Sold!

Matt Maxwell — Sun, 31 Jan 2010 00:22:00 GMT

The Hammocks, West Kendall - The 2 story at 15163 SW 94 TE has been sold.

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616-5077 NW 7 ST in Blue Lagoon is Sold!

Matt Maxwell — Sun, 31 Jan 2010 00:17:00 GMT

Blue Lagoon, Miami - The single story at 616-5077 NW 7 ST has been sold.

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705-1800 NW 24 AV in Miami-Dade County is Sold!

Matt Maxwell — Sun, 31 Jan 2010 00:17:00 GMT

Miami-Dade County, Florida - The single story at 705-1800 NW 24 AV has been sold.

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J-208-8311 SW 142 AV in Captiva Lakes is Sold!

Matt Maxwell — Sun, 31 Jan 2010 00:11:00 GMT

Captiva Lakes, Kendall - The apartment at J-208-8311 SW 142 AV has been sold.

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0-640 NE 21 TE in Portofino Villas West is Sold!

Matt Maxwell — Sun, 31 Jan 2010 00:10:00 GMT

Portofino Villas West, Homestead - The single story at 0-640 NE 21 TE has been sold.

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6400 SW 62 CT in Cocoplum Terrace is Sold!

Matt Maxwell — Sat, 30 Jan 2010 23:57:00 GMT

Cocoplum Terrace, South Miami - The single story at 6400 SW 62 CT has been sold.

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Price Reduced on 660 NE 145 ST in Sunny Acres

Matt Maxwell — Sat, 30 Jan 2010 23:46:00 GMT

Sunny Acres, Merritt Island - Announcing a price reduction on 660 NE 145 ST, a 1,603 sq. ft., 2 bath, 3 bdrm single story. Now MLS®$99,000 - .

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1770 NE 37 PL in Homestead is Sold!

Matt Maxwell — Sat, 30 Jan 2010 23:40:00 GMT

Homestead, Miami-Dade County - The 2 story at 1770 NE 37 PL has been sold.

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310-4974 NW 97 PL in The Greens at Doral is Sold!

Matt Maxwell — Sat, 30 Jan 2010 23:32:00 GMT

The Greens at Doral, Doral - The apartment at 310-4974 NW 97 PL has been sold.

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10001 SW 42 TE in Olympia Heights is Sold!

Matt Maxwell — Sat, 30 Jan 2010 21:40:00 GMT

Olympia Heights, Miami-Dade County - The single story at 10001 SW 42 TE has been sold.

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How HAFA Can Help Financially Challenged Homeowners

Matt Maxwell — Sat, 30 Jan 2010 13:17:00 GMT

This past November, the Treasury Department released guidelines for its new Home Affordable Foreclosure Alternatives Program (HAFA), designed to help homeowners who are unable to retain their home under the Home Affordable Modification Program (HAMP). Under HAFA, homeowners may be able to avoid foreclosure by completing a short sale or a deed-in-lieu of foreclosure (DIL). If you or someone you know is having trouble making mortgage payments, understanding this new government program is essential.

As a Member of the Top 5 in Real Estate Network(R), I have consulted with many clients faced with a distressed property situation. The good news is HAFA is designed to simplify and streamline the use of short sales and deeds-in-lieu of foreclosure by improving the process. Here’s how:

• Help homeowners who are HAMP eligible but nevertheless unable to keep their home
• Use financial and hardship information already collected in connection with consideration of a loan modification
• Allow borrowers to receive pre-approved short sales terms before listing the property
• Require borrowers to be fully released from future liability for the first mortgage debt and if the subordinate lien holder receives an incentive under HAFA, that debt as well
• Use standard processes, documents, and timeframes/deadlines
• Provide financial incentives: $1,500 for borrower relocation assistance; $1,000 for servicers to cover administrative and processing costs; and up to a $1,000 match for investors for allowing a total of up to $3,000 in short sale proceeds to be distributed to subordinate lien holders

To be eligible for HAFA, homeowners must meet the basic eligibility criteria for HAMP:

• The home must be your principal residence
• The first lien must have originated before 2009
• Mortgage delinquent or default is reasonably foreseeable
• The unpaid principal balance cannot exceed $729,750 (higher limits for 2- to 4-unit dwellings).
• The borrower’s total monthly payment exceeds 31% of gross income

Under HAFA, the forgiven debt due to a short sale will not be taxed if the amount of forgiven debt does not exceed the debt that was used to acquire, construct, or rehabilitate a principal residence. Check with your tax advisor. Please also know that while the debt will be forgiven, the short sale will be reported to credit agencies and have some degree of negative impact on your credit. Short sale agreements must be executed and returned no later than December 31, 2012.

If you think that you or someone you know can benefit from the HAFA program, please e-mail me. You can also visit www.realtor.org/shortsales for links to the guidance, many additional FAQs, and more information about short sales. Please remember to pass this important information along to others. In today’s economy, we all know someone who might need help.

2 Story For Sale in Ranchos Del Sol

Matt Maxwell — Mon, 21 Dec 2009 13:43:00 GMT

Tranquil ranch living at its best !

• 3,567 sq. ft., 4 bath, 4 bdrm 2 story - MLS®$395,000

Ranchos Del Sol, Homestead

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Overcoming Common Foreclosure Fears

Matt Maxwell — Sat, 07 Nov 2009 13:24:00 GMT

As foreclosure numbers continue to rise, you might be one of the many homeowners worried about losing your home. The truth is, foreclosure can be prevented, however, most homeowners are too confused or afraid to confront their mortgage problems and, therefore, neglect taking the necessary steps to potentially save their homes. As a member of the Top 5 in Real Estate Network®, I have helped put many financially-challenged clients on the path toward avoiding foreclosure. The first and biggest step is always overcoming their fears.

Here are six of the most common foreclosure fears the Consumer Credit Counseling Service (www.cccsinc.org) encounters, along with the steps homeowners can take to overcome them and start taking action to save their homes.

Fear: Homeowners are afraid to let the mortgage company know they are having a problem because they think it will speed up the foreclosure process.

Contacting your lender must be the first step as it gives you a chance to explain why you have fallen behind on your payments and what steps you are taking to get back on track. Most lenders have a financial interest in keeping you in your home and may be willing to alter the terms of your loan or devise a repayment plan.

Fear: Homeowners believe that if their mortgage company has already turned them down for a loan modification, there is no point in contacting a counseling agency.

Many homeowners are turned down for a loan modification because the information they provide to their lender indicates that their expenses exceed their income or that they have not provided accurate documentation and information about their loan. A housing counselor may be able to suggest alternatives that better suit your current financial situation or help you make adjustments that make you a better candidate for a loan modification with your lender.

Fear: Homeowners fear being judged by others for seeking help.

These are challenging financial times. While it may feel like you are the only one struggling, the reality is that many of your friends and neighbors are also finding it difficult to stay afloat.

Fear: Homeowners think it is better to use all of their financial resources before seeking help.

Many homeowners try to ride out the financial storm, using their savings and depleting their retirement accounts before seeking help. By the time they do seek help, they are in an even more desperate financial situation and they have spent the resources that may have given them more options in dealing with their mortgage crisis.

Fear: Homeowners facing foreclosure fear that their situation is hopeless.

While for some, seeking help may mean saving their home, it is inevitable that some homeowners will end up in foreclosure. A certified housing counselor or real estate professional can help homeowners work through the foreclosure and build a new path for long-term financial success.

Fear: Companies claiming they can save your home charge large, up-front fees.

You can receive counseling from a reputable, nonprofit housing counseling agency at no charge. While there are unscrupulous businesses looking to take advantage of homeowners, there are also many HUD-approved housing counseling agencies that offer help for struggling consumers.

Please don’t let fear stand in the way of saving your home. Feel free to e-mail me for guidance on your specific situation and please pass this along to any friends and family members who may also need to confront these fears and get proactive.