Just sold

13936 Caywood Pond Drive, WINDERMERE, FL 34786 (MLS # O5483572)

(all data current as of 3/28/2017)

Price	$425,000
Beds	4
Baths	4 full
Home size	3,070 sq ft
Lot Size	36,309 sqft
Days on Market	61
Status	Sold

A stunning lakefront setting characterizes this lovely four-bedroom home nestled along the shores of beautiful Lake Caywood in the renowned Summerport Subdivision. The two-story home offers a sprawling floor plan encompassing almost 3,100 square feet of living space surrounding an open-air, brick paver driveways, three car attached garage, two-story foyer, swimming pool overlooking the water. Sliding windows line the back of the home, taking full advantage of the exquisite views, which are especially enjoyed from the formal living room. The center-island kitchen and modern wood cabinetry, with smooth quartz countertops, a breakfast area. The spacious master suite offers a private sitting area and a beautiful bath with a walk-in shower and basin tub for the ultimate in relaxation. Completing the interior are three additional bedrooms suites, an office and laundry room. Outside, the sparkling pool faces southeast and boasts a covered lanai ensuring optimum exposure to the warm Florida sun. Mature landscaping adds privacy to the large backyard. Lakefront oversized lot.

Property Type(s): Residential, Single Family Home

Last Updated	3/17/2017	Tract	CREEKS RUN
Year Built	2005	Community	n/a
Garage Spaces	3.0	County	Orange
Total Parking	3	Walk Score ®	7

Additional Details

HOAFee	250.00	MonthlyHOAAmount	83.33
Taxes	6339	TotalAcreage	1/2 Acre to 1 Acre

Features

AirConditioning	Zoned/Multiple
CommunityFeatures	Fitness, Park, Playground, Recreation Building, Tennis Courts, Waterfront Complex
DPRYN	1
ExteriorConstruction	Block, Stucco
ExteriorFeatures	French Doors, Irrigation System, Patio/Porch/Deck Covered, Patio/Porch/Deck Screened
FireplaceYN	0
FloodZoneCode	A
FloorCovering	Carpet, Porcelain Tile
Foundation	Slab
GarageCarport	3 Car Garage
GarageFeatures	Attached
HousingForOlderPersons	N/A
InteriorFeatures	Intercom System, Smoke Alarm(S), Solid Wood Cabinets, Walk In Closet, Washer/Dryer Hookup
InternetYN	1
Location	Lot - Oversized
NewConstructionYN	0
PetRestrictionsYN	0
PetsAllowedYN	1
Pool	Private
PoolType	In Ground
PropertyDescription	Two Story
PropertyStyle	Single Family Home
PropertyType	Residential
Roof	Shingle
SpecialSaleProvision	None
Utilities	BB/HS Internet Avail, Cable Available, City Water, Electric, Gas, Public Sewer, Street Lights
WaterAccess	Lake
WaterAccessYN	1
WaterExtrasYN	0
WaterFrontage	Lake
WaterFrontageYN	1
WaterView	Lake
WaterViewYN	1

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Exit Realty Central

(view all details for MLS #O5483572)

The post Just sold appeared first on Orlando Florida.

source http://www.orlandoflhomesandland.com/104573-2/

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

The post appeared first on Orlando Florida.

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/

FHA PMI Going Down By .25%

FHA PMI Going Down By .25%

Waterstone Mortgage – Barry Botwin BBotwin@WaterstoneMortgage.com (407) 645-6315   Great news!!!  On Monday, HUD Secretary Julian Castro announced that FHA PMI premiums will be reduced .25%, effective with closings on or after January 27th.  This will save the average FHA home buyer $500 per year.

Below is the Article from HUD:

 

HUD No. 17-003 Brian Sullivan (202) 708-0685

FOR RELEASE Monday January 9, 2016

 

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS ON MOST MORTGAGES

Modest reduction expands credit access and reflects improved economic health of FHA

WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will pay by a quarter of a percent.  FHA’s new premium rates are projected to save new FHA-insured homeowners an average of $500 this year.

FHA is reducing its annual mortgage insurance premium (MIP) by 25 basis points for most new mortgages with a closing/disbursement date on or after January 27, 2017.  For a full schedule of the new premium rates announced today, read FHA’s mortgagee letter.

Today’s action reflects the fourth straight year of improved economic health of FHA’s Mutual Mortgage Insurance Fund (MMIF), which gained $44 billion in value since 2012.  Last year alone, an independent actuarial analysis found the MMI Fund’s capital ratio grew by $3.8 billion and now stands at 2.32 percent of all insurance in force—the second consecutive year since 2008 that FHA’s reserve ratio exceeded the statutorily required two percent threshold.

Secretary Castro said FHA’s action reflects today’s risk environment and comes at the right time for consumers who are facing higher credit costs as mortgage interest rates are increasing.

“After four straight years of growth and with sufficient reserves on hand to meet future claims, it’s time for FHA to pass along some modest savings to working families,” said Secretary Castro.  “This is a fiscally responsible measure to price our mortgage insurance in a way that protects our insurance fund while preserving the dream of homeownership for credit-qualified borrowers.”

Ed Golding, Principal Deputy Assistant Secretary for HUD’s Office of Housing added, “We’ve carefully weighed the risks associated with lower premiums with our historic mission to provide safe and sustainable mortgage financing to responsible homebuyers.  Homeownership is the way most middle class Americans build wealth and achieve financial security for themselves and their families.  This conservative reduction in our premium rates is an appropriate measure to support them on their path to the American dream.”

Since 2009, the Obama Administration took bold steps to reduce risks in the mortgage market and to protect consumers.   In the wake of the nation’s housing crisis, FHA increased its premium prices numerous times to help stabilize the health of its MMI Fund.  Since 2010, FHA had raised annual premiums 150 percent which helped to restore capital reserves but significantly increased the cost of credit to qualified borrowers.  Today’s step restores the annual premium to close to its pre-housing-crisis level.

In addition, the Obama Administration took dramatic steps to safeguard consumers in the mortgage market to ensure responsible borrowers continued to have access to mortgage capital as many private lending sources tightened their lending standards.   Today’s reduction will significantly expand access to mortgage credit for these families and is expected to lower the cost of housing for the approximately 1 million households who are expected to purchase a home or refinance their mortgages using FHA-insured financing in the coming year.

The post FHA PMI Going Down By .25% appeared first on Orlando Florida.

source http://www.orlandoflhomesandland.com/fha-pmi-going-25/

 Find out what happens to rates in 2017 in this week’s Markets in a Minute!

For the Week Ending January 6, 2017 Despite the worst start to a year ever, U.S. stocks posted healthy gains in all three major indexes in 2016. Strong stock markets can pressure mortgage rates. Markets forecast the Fed will raise policy rates twice in 2017. However, the Fed expects to increase policy rates 3 times. Either way, looks like rates will rise. Minutes released from last month’s Fed meeting show members are uncertain about how the Trump administration policies will affect economic growth. Freddie Mac released information showing that more than 80% of the top 100 housing markets improved in 2016. The trend is expected to continue in 2017. Home prices nationwide rose 7.1% year-over-year in November, according to CoreLogic. Prices are forecast to rise 4.7% from November 2016 to November 2017. Smart-home tech continues to become mainstream, with 72% of households having some kind of smart product. Voice control is gaining popularity as well.     My goal for 2017 is to accomplish the goals of 2016, which I should have done in 2015 because I made a resolution in 2014 and planned them out in 2013. Happy New Year. 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 Senior Mortgage Advisor NMLS # 216724 (407) 645-6315

The post Find out what happens to rates in 2017 in this week’s Markets in a Minute! appeared first on Orlando Florida.

source http://www.orlandoflhomesandland.com/find-happens-rates-2017-weeks-markets-minute/

Relocating to New Area? Try Before You Buy Your Next Home

Lease with a Right to Purchase Program

home-and-key

Lease-Purchase option is available for anyone that is not able to obtain a mortgage and purchse a home.  Do You need a great place to live, in a good neighborhood, but yor’re not quite ready to make the commitment to buy. That’s where the Lease with the Right to Purchase program comes in. Rent with an option to buy or purchase the home. Reason to do this?

 

• Low credit scores, Minimum is 525
• Combined Income minimum is $50,000,
• Stable employment,
• no recent eviction and
• no pending bankruptcy
• Self Employed – 1 yr tax return
• Income varication
• 2 months of rent in savings account

Residents financial obligation is 1 year of rent.  Approved residents can move out after each 1-year lease term without penalty.  Prospect can elect to rent up to 5 years and they can elect to purchase the home any time during the tenancy(lease) of the 5 years.

Easy application to get approved.  Once approved, I will help you find a Single Family residents/home

Investment firm will buy the home, and you will be able to lease home.

List price of home and restrictions of home:

• Single Family or Townhome $100,000 to $500,000
• Minimum of two bedrooms, lot of three acres or less
• Maximum of 3 pets and up to 180 lbs combined weight
• Property type Single Family Home or Townhome
• Traditional Sale or FSBO
• No major deficiencies(major structural issues

 

Once approved, Start property search:

• The Right to Purchase
• Submit the property for approval
• Home Partners will analyze the value of the home
• If approved, we will send the applicant an email outling the Estimated Total Acqusition Cost and what they will offer
• Outline the rent and purchase price for each lease term
• Rent 1 year lease with only increase by 3.75% each year
• Purchase price increase 5% each year

Reasons to Lease-Purchase:

• One time life event affecting credit and ability to obtain mortgage
• Medical, Loss of Job, Divorce, Bankruptcy, Short Sale, Foreclosure
  Can not get a mortgage
• Moving to a new area and do not want to purchase fhe first year
• Have a home to sell
• Short Sale of Home
• Discharged Bankruptcy

Call Peter Petridis to get all the detail information and get ready to Lease-Purchase your next home!  My direct line is 407-756-3303.

 

 

The post Relocating to New Area? Try Before You Buy Your Next Home appeared first on Orlando Florida.

source http://www.orlandoflhomesandland.com/relocating-new-area-try-before-you-buy-your-next-home/