--
UPDATE: WELLS FARGO is Decreasing the Minimum Credit Score Requirement on FHA Purchase Transactions…
Wells Fargo, your FHA lending leader, announces a major breakthrough for their contribution to help agents sell more homes, enable more buyers to Purchase, more homeowners to sell, and help the housing market in the our area.
EFFECTIVE SATURDAY JANUARY 15TH, 2011, WELLS FARGO WILL START ACCEPTING FHA PURCHASE LOANS WITH LOWER THAN
600 CREDIT SCORES.
Loan score 500 – 579 allowed with maximum 90% LTV – no gift or down payment assistance
- Loan score 580 – 599 allowed with maximum 95% LTV – no gift or down payment assistance
- Loan score 600 and higher allowed with maximum 96.5% LTV – gift acceptable
- Loan score lower than 500 = not allowed
For all Credit Risk Classes:
- Seller contribution limited to 3%
- Gift funds may NOT be used for the required 5% or 10% down payment
Note: Borrower’s ability to accumulate funds for down payment must be evidenced by documentation in the loan file. Down payment Assistance Programs (DAPs) may NOT be used for the required 5% or 10% down payment
Wells Fargo providing another tool for your real estate toolbox – use this tool this weekend and Everyday for the rest of the year.
KEEP IN MIND FHA LOANS CAN BE DONE UP TO $417,000.
We hope this information will help you win and close your next deal…
Knowledge is Power.
Spiaggia Condo --
FORECLOSURE/REO
2 Story Penthouse – Beach Front Condo
Excellent Opportunity to purchase directly from the Bank. Priced under $199 per sqft – $599,000
Just outside the neighborhood of Bal Harbour lies the Spiaggia condo, located within the neighboring Surfside and boasting several services and amenities that can fool anyone into thinking it’s actually a resort and not just a gorgeous condo. Anyone looking to remain near Miami Beach will definitely want to check out Spiaggia.
Certain needs could strike even at the oddest of hours so it’s always good to know that whether it’s four o’clock in the morning or four o’clock in the afternoon, the Spiagga condo has got you covered at all hours of the day. Recreation and relaxation come aplenty at Spiaggia. Visit the stunningly landscaped beach club, go to the restricted pool which comes with its own Mediterranean inspired landscaping or visit the club room and fitness center.
Multiple units at the Spiaggia condo come ready with a surround experience and also feature bamboo wood flooring, interactive panels for contacting concierge services, and easy to manage climate control systems. Look for Italian inspired countertops in the bathrooms as well as kitchens also featuring a stunning Italy inspired design.
Whether you choose to head north, east, south or west, you’ll eventually come upon tons of things to see and do either in Bal Harbour to the north, popular Miami Beach to the south, the ocean right next door to the east, golf courses to the west and plenty more beyond.
Spiaggia Amenities
24 Hour Concierge desk with direct interactive multi-media communication within each residence
24 Hour On Site Valet Parking
Club room off of lobby with state of the art entertainment system and informal conference facility
Fitness Center with floor to ceiling glass vistas of pool deck
Heated Lap Pool with stone linear edge details
Lushly landscaped outdoor seating within a formal garden design lined with palm trees
Beach Club offering a mix of sandy and grassy patches with landscaping of a fragrant nature
Unique furniture that offers capabilities of sun intake or a more shaded experience
A magnificent lobby with soothing water feature
A Mediterranean style landscaped pool and sun deck
Private pool side lounge cabanas
Residence Features
Travertine stone floors
Surround sound ready-wired units
Spectacular balcony views
Interactive intercom control panel system with concierge
Climate controlled environments
Italian kitchen designs with elegant contemporary style
European crafted cabinetry with raised panels (cherry wood finish)
Italian marble countertops
Kitchen Aid sleek stainless steel appliances
Marble floor-sand countertops
Lavish Jacuzzi tubs
European-style fixtures and hardware for bathrooms
Glass seamless shower enclosures
Designer bath fixtures and faucets
For More Information Call Kevin Berman 954-471-8120
9499 Collins Ave, Surfside, FL, 33154 FORECLOSURE --
Bank Owned – Foreclosure
Unique 2 Story Beach Front Penthouse Condominium located in Spiaggia Ocean Beach Condo – Surfisde Florida. Adjacent to Bal Harbour. Walk to World Famous Bal Harbour Shoppes, Restaurants, Shopping, & Entertainment. Direct Access to Private Beaches, Ocean Views, High Ceilings, Travertine Floors, Marble Baths.
For More Information Call Kevin Berman 954-471-8120
8206 SW 26TH PL., DAVIE, FL – SINGLE FAMILY HOME --
$285,000
VERY MOTIVATED SELLER!! BEAUTIFUL 3/2 IN DAVIE WITH POOL, LARGE PATIO, AND PRIVACY FENCE. EXTENDED LIVING ROOM, ENTIRE HOUSE HAS BAMBOO WOODEN FLOORS. TWO CAR GARAGE. ACCORDION SHUTTERS ON ALL WINDOWS.! CLOSE TO SCHOOLS, SHOPS AND RESTAURANTS. FIVE MINUTES FROM NOVA UNIVERSITY. MUST SEE!!!!
- FORECLOSURE
- 3 BEDROOMS
- 2 BATHROOMS
- 1,874 SQUARE FEET
- WASHER/DRYER
- 2 CAR ATTACHED GARAGE
610 W LAS OLAS #1616, FT. LAUDERDALE, FL – THE SYMPHONY --
$217,800
Large 2/2 condo in The Symphony luxuary condo downtown Ft. Lauderdale. Very bright, great river and park views, stainless steel appliances, washer/dryer in the unit, and large walk in closets. Communiy has a large pool, spa, gym, theater room, access to river taxi, gate gaurd, and more! This is a must see!! Lowest priced 2/2 downtown!
- FORECLOSURE
- 2 BEDROOMS
- 2 BATHS
- 1194 SQF
- HOA FEE’S $832/MONTH
- WASHER/DRYER IN UNIT
