For the Week Ending February 17, 2017

Peter,

Please enjoy this quick update on what happened this week in the housing and financial markets.

Consumer prices increased in January by the highest level since February 2013, signaling rising inflation. Inflation could pressure mortgage rates higher.
Jobless claims this week came in even lower than expected, signaling strength in the labor market. A strong labor market could encourage the Fed to raise rates.
In testimony to Congress, Fed Chair Janet Yellen commented that the Fed would be “unwise” to let the economy heat up too quickly and may raise rates soon.

January housing starts were down slightly. However, overall construction of single-family homes increased for the first time in 3 months.
Housing permits also increased in January, up 4.6%. The rise in permits means housing start numbers should improve, too.
Home builders remain confident about the 2017 housing market. A national survey shows confidence among builders at its highest since 2005.

A bear walks into a restaurant and says, “I want a grilled………………………..cheese.”
The waiter says, “What’s with the pause?”
The bear replies, “Whaddya mean? I’M A BEAR!”

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

Sincerely,
Barry Botwin
Waterstone Mortgage Corporation
Loan Originator
NMLS #216724
(407) 644-0870
BBotwin@WaterstoneMortgage.com
BarryBotwin.com

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source http://www.orlandoflhomesandland.com/95273-2/

What type of Deed should you get when you Purchase a Property?

A Deed is the document that transfers ownership of Real Estate.  It contains the names of the old and new owners and a legal description of the property , and is signed by the person(s) transferring the property.

All Deeds must be notarized and witnessed by 2 uninterested parties.

Both types of Warranty Deeds (Special and General) guarantee the buyer:

• That the Seller owns the title
• That the seller is legally allowed to sell the property
• That the property has not already been sold
• That the property is free of debt or other claims(aside any mentioned in the deed)
• That the seller is responsible for any problems/faults with the property

 

GENERAL WARRANTY DEED

Most commonly used for residential real estate sales, a General Warranty Deed acts as a guarantee to the buyer that the seller has the right to sell the property, and that the property is free of debt or other liens.  The seller must defend the title against any and all other claims, and compensate the buyer for any unsettled debts or problems.

SPECIAL WARRANTY DEED

Differing from a Warranty Deed, the seller’s guarantee does not cover the property’s entire history.  Generally, the seller only guarantees against problems or claims created during the seller’s ownership of the property.  A Special Warranty Dee is often used in commercial property transactions or residential real estate sales.

• Corporate Warranty Deeds
• REO Properties
• Investors

QUIT CLAIM DEED

Most often used by family members, divorcing spouses, and people well-acquainted with each other. a Quit Claim Deed allows one party to transfer property rights and claims to another party.  Usually there is no monetary exchange.  The extent and authority of the grantor’s interest or claim to the property is unspecified, and the grantee is not provided with guarantee.

 

 

 

 

 

 

The post What type of Deed should you get when you Purchase a Property? appeared first on Orlando Florida.

source http://www.orlandoflhomesandland.com/what-type-of-deed-should-you-get-when-you-purchase-a-property/

HOMESTEAD EXEMPTION

What Information Must I Bring?

For each applicant, provide two of the following proofs of residency, one of which Must include a Florida Driver’s License, or for non-drivers, a Florida Identification Card:

• Florida Driver’s License OR Identification Card (Required)
• Vehicle Registration
• Voter Registration

For each Non-citizen applicant, a green card may also need to furnish the following:

• Recorded Deed
• Applicant’s Date of Birth
• Applicant’s Social Security Number
• Spouse’s Social Security Number(If Applicable)

When Do I Apply?

The filing time for Homestead begins January 1st and lasts through March 1st.  All exemption applications for that year must be filed by March 1st.

Where Can I file?

• ORANGE COUNTY – 200 S Orange St, Suit 1700 Orlando FL 32801.  Phone 407-86-5055, website: www.ocpafl.org
• SEMINOLE COUNTY – 1101 E. First Street, Sanford FL 32771. Phone 407-665-7502, website: www.scpafl.org

Call Pete Petridis from Coldwell Banker Residential Real Estate if you have any questions or if you need help to file your exemption, direct at 407-756-3303.

 

 

The post HOMESTEAD EXEMPTION appeared first on Orlando Florida.

source http://www.orlandoflhomesandland.com/homestead-exemption-orlando-florida/