My New Blog

December 29th, 2011 11:55 AM

For the second year in a row, the Federal Housing Administration is extending a temporary waiver of its "anti-flipping" rule, meaning homebuyers relying on FHA-insured financing will continue to be able to buy homes that have changed hands in the last 90 days.

The waiver is a boon for investors seeking to rehab and flip properties, because it expands the pool of eligible borrowers to include those relying on FHA-backed loans, popular with first-time homebuyers and others who lack the cash to make large down payments.

In extending the waiver through 2012, FHA said all transactions must continue to be arms-length. In cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost, the waiver will apply only if the lender can document the justification for the increase in value, FHA said.


Posted by Myke Triebold on December 29th, 2011 11:55 AMPost a Comment (0)

Subscribe to this blog
December 29th, 2011 10:09 AM

Posted by Myke Triebold on December 29th, 2011 10:09 AMPost a Comment (0)

Subscribe to this blog
December 22nd, 2011 10:52 AM
“Sales reached the highest mark in 10 months and are 34 percent above the cyclical low point in mid-2010,” Yun said. “We’ve seen healthy gains in contract activity, so it looks like more people are realizing the great opportunity that exists in today’s market for buyers with long-term plans.”

Posted by Myke Triebold on December 22nd, 2011 10:52 AMPost a Comment (0)

Subscribe to this blog
December 21st, 2011 8:36 AM

Home prices are down 4.4% nationwide this year, A look at the best, from Zillow.com:

Number 4 on the list:
Destin, Fla.
2.9% One-year price gain:
Average home value: $158,300

Posted by Myke Triebold on December 21st, 2011 8:36 AMPost a Comment (0)

Subscribe to this blog
December 21st, 2011 8:34 AM
The final withdrawal was the starkest of contrasts to the start of the war, which began before dawn on March 20, 2003. That morning, an airstrike in southern Baghdad, where Saddam Hussein was believed to be hiding, marked the opening shot of the famed "shock and awe" bombardment.



U.S. and allied ground forces then stormed from Kuwait toward the capital, hurtling north across southern Iraq's featureless deserts.



The last convoy of heavily armored personnel carriers, known as MRAPs, left the staging base at Camp Adder in southern Iraq in Sunday's early hours. They slipped out under cover of darkness and strict secrecy to prevent any final attacks. The 500 soldiers didn't even tell their Iraqi comrades on the base they were leaving.



The attack never materialized. The fear, though, spoke volumes about the country they left behind - shattered, still dangerous and containing a good number of people who still see Americans not as the ally who helped them end Saddam's dictatorship, but as an enemy.



About 110 vehicles made the last trip from Camp Adder to the "berm" in Kuwait, the long mound of earth over which tens of thousands of American troops charged into Iraq at the start of the war.



The roughly five-hour drive was uneventful, with the exception of a few vehicle malfunctions.



Once they crossed into Kuwait, there was time for a brief celebration as the soldiers piled out of the cramped and formidable-looking MRAPs. A bear hug, some whooping, fist bumps and fist pumps.



The war that began eight years and nine months earlier cost nearly 4,500 American and well more than 100,000 Iraqi lives and $800 billion from the U.S. Treasury. The bitterly divisive conflict left Iraq shattered and struggling to recover. For the United States, two central questions remain unanswered: whether it was all worth it, and whether the new government the Americans leave behind will remain a steadfast U.S. ally or drift into Iran's orbit.



But the last soldiers out were looking ahead, mostly, and not back. They spoke eagerly of awaiting family reunions - some of them in time for Christmas - and longing for Western "civilization" and especially the meals that await them back home.



In the last days at Camp Adder, the remaining few hundred troops tied up all the loose ends of a war, or at least those that could be tied up.



The soldiers at the base spoke often of the "lasts" - the last guard duty, the last meal in Iraq, the last patrol briefing. Even the last Friday was special until it was eclipsed by the last Saturday.




Posted by Myke Triebold on December 21st, 2011 8:34 AMPost a Comment (0)

Subscribe to this blog
December 21st, 2011 8:33 AM
According to the latest market report from RealtyTrac, 24,739 Florida properties received a foreclosure filing during the month of November, the nation’s second highest total.



At 22.8 percent, Lender Processing Services (LPS) says Florida has the highest ratio on non-current mortgage loans in the nation – including both foreclosures and delinquencies.



On average, it takes about two years to foreclose on a home in Florida. The Office of State Courts Administrator, Research and Data reports that as of June 30, 2011, there were 180,180 inactive foreclosure cases and 196,212 active foreclosure cases pending in circuit courts in Florida.



Justice Canady’s order states that cases already referred to or pending mediation as of December 19, 2011 will run their course through the program, but no additional cases will be accepted.


Posted by Myke Triebold on December 21st, 2011 8:33 AMPost a Comment (0)

Subscribe to this blog
October 26th, 2011 2:56 PM

Home sales are up along the Emerald Coast.  In Okaloosa County, 339 single family homes were sold in August, an increase of 37.8 percent over 2010.

Condominium and townhome sales were hot, increasing 91.53 percent with 113 units being sold.

In Walton County, single family homes sale increased 37.96 percent, from 108 in August 2010 to 149 in August 2011.

Condominium and townhome sales were up 42.86 percent.

Average prices dropped slightly from an average of 210,185 in August 2010 to 205,222 in August 2011 in Okaloosa County.

Average prices increased in Walton County from 394,981 to 530,026.

Average prices increased in Santa Rosa County from 166,775 to 193,862.


Posted by Myke Triebold on October 26th, 2011 2:56 PMPost a Comment (0)

Subscribe to this blog
September 30th, 2011 9:34 AM

Residents will get a peek into the world of the Army 7th Special Forces Group (Airborne) on Oct. 14 when it opens its gates to the public.

Read more: http://www.nwfdailynews.com/articles/hold-44022-bragg-house.html#ixzz1ZRkT9gKG

“This is going to be a rare opportunity for the community to come out,” said Maj. James Brownlee, a spokesman for the Special Forces Group.

He said the group will have security in place but give non-military access to the most of the 350-acre cantonment.

Activities begin with an invitation-only ribbon-cutting ceremony at 9 a.m., when bands from Niceville and Crestview high schools will perform.

Gates will open for the general public at 10 a.m.

The troops will offer tours, demonstrations and displays. Officials suggested bringing sunscreen and strollers for the all-day outdoor event.

Dining facilities will be open. Brownlee said the menu would include everything from barbecue to seafood for $4.25.

The event marks the completion of the BRAC-initiated move from Fort Bragg, N.C., to the group’s new home at Eglin Air Force Base. The Army made its Sept. 15 deadline to relocate most of the 1,800 personnel associated with the unit.



Read more: http://www.nwfdailynews.com/articles/hold-44022-bragg-house.html#ixzz1ZRkiEUVg

Posted by Myke Triebold on September 30th, 2011 9:34 AMPost a Comment (0)

Subscribe to this blog
August 6th, 2011 9:10 AM
The dates for the 2011 Sales Tax Holiday are Aug. 12 through 14. This year, no sales tax will be collected on sales of clothing, footwear and certain accessories selling for $75 or less, or on certain school supplies selling for $15 or less. Books are not included in this year's sales tax holiday.

Posted by Myke Triebold on August 6th, 2011 9:10 AMPost a Comment (0)

Subscribe to this blog
The first F-35A production aircraft that will be delivered to Eglin Air Force Base, Fla., later this year takes off from Naval Air Station Fort Worth Joint Reserve Base May 6. The jet will go to Edwards AFB, Calif., to support developmental testing shortly after the Air Force takes delivery. As the first of its kind in the Department of Defense, the 33rd Fighter Wing is responsible for F-35 A/B/C (Joint Strike Fighter) pilot and maintainer training for the Marine Corps, the Navy, the Air Force and, in the future, at least eight coalition partners. Initially, 59 aircraft and three flying squadrons, one for each service/aircraft variant, will be established at Eglin. 

Posted by Myke Triebold on May 20th, 2011 9:18 AMPost a Comment (0)

Subscribe to this blog
Recent Posts:

Archive:

My Favorite Blogs:

Sites That Link to This Blog:
Cell:

Copyright © 2012 Myke Triebold, 850-305-6256, Destin & Niceville FL, Certified Military Market Specialist
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Terms of UseSite Map
All rate, payment, and area information are estimates and approximations only.