Fort Lauderdale Blog

5 Tips To Keep Those New Years Resolutions in 2015

If you’re one of the millions of Americans who will make a promise to improve yourself this New Year, there’s bad news: You’re 92 percent likely to fail in sticking to your resolutions, says a recent study http://www.statisticbrain.com/new-years-resolution-statistics/ from the University of Scranton’s Journal of Clinical Psychology.

About 45 percent of Americans make resolutions. Ranking at the top is losing weight, and staying fit and healthy ranks No. 5.

FHA New Loan Limits Effective January 1

The Federal Housing Administration (FHA) recently announced the agency's new schedule of loan limits for 2015. These loan limits are effective for case numbers assigned on or after January 1, 2015, and will remain in effect through the end of the year.

FHA's calculation for maximum loan limits in high cost metropolitan areas of the country will remain the same as the 2014 level of $625,500. The current standard loan limit for areas where housing costs are relatively low will also remain unchanged at $271,050.

For Sale By Owner: Know What to Do -first think it over

After the offer had been signed, the agent leaves for the Bahamas on a pre-planned vacation.

Four days into the transaction, the inspection report comes in showing the need for ‘extensive repairs’ running into the thousands. At about the same time, the buyer’s lender call with news … the appraiser can’t find comps to justify the property’s selling price. After several calls and researching further, that obstacle was resolved. In the meantime, I’m trying to convey to the buyer (through his agent) that the reason for the lower selling price is due to the property’s condition. Finally, there is a new meeting of the minds.

But now, the Title Company is announcing the latest news: there is a cloud on the title that needs clearing and will most likely delay the closing. Seller has no idea as to the problem and buyer, very attentively, wants to use this as a bargaining chip.