Turtle Season Starts Today!

 

In addition to Florida being a great place to enjoy the sun and surf, Florida's beaches are important nesting areas for sea turtles, and the sand dunes are home to many unique plants and animals.

During a visit, please help protect Florida's sea turtles, other wildlife and the coastal habitats upon which they depend. The sea turtle nesting season in Florida starts now and runs through October. Please remember a few simple things to help protect these magnificent creatures during Turtle Season:It is against the law to touch or disturb nesting sea turtles, hatchlings, or their nests. Sea turtles are protected by both the Federal Endangered Species Act and the Florida Marine Protection Act.

  • If you see a dead or injured turtle,  please contact the Florida Fish and Wildlife Conservation Commission 1-888-404-FWCC (3922) or *FWC from your cell phone. Be prepared to answer the following questions: What is the exact location of the animal? Is the turtle alive or dead? What is the approximate size of the turtle? Is the turtle marked with spray paint? (This indicates that the turtle has been documented.) What is the location of the closest access point to the turtle?

  • Avoid going to the beach at night. If you must be on the beach at night, limit your walking and do not use flashlights or flash photography. The light may cause the female to abort the nesting process, or other sea turtles nearby may be discouraged from nesting if there are lights on the beach.

  • Turn off outside patio lights and shield indoor lights from shining directly onto the beach by closing the drapes at night. Lights disturb nesting sea turtles and hatchlings. Many coastal counties and cities have lighting ordinances that help reduce beachfront lighting. Please make sure your beachfront lights are in compliance with the law.

  • While enjoying the beautiful beaches during the day, avoid disturbing marked sea turtle nests, and please take your trash with when you leave the beach.

  • When crossing a dune, please use designated cross overs and walk ways. Please do not climb over the dunes or disturb the dune vegetation.

 

Holiday Home Safety Tips

It’s hard to believe, that each year, fires occurring during the holiday season claim the lives of more than 400 Americans, injure 1,650 more, and cause more than $990 million in damage. There are more startling statistics in the post I read, Holiday Accidents and Injuries By the Numbers

By taking simple steps, we have an opportunity to help change these statistics together. Committing a minute to safety can be as quick and easy as testing your smoke alarm, checking candles left burning, not letting the Christmas tree get dry or leaving a small child left alone even for a moment – which could have life-changing consequences. When it comes to holiday dangers, the numbers are more startling than you might think.

Also came across this short video by Home Depot that I encourage you to watch:

Please, I urge you, be safe this holiday season. Make sure you check your smoke detectors today!!

HomePath Financing Foreclosures

Wow, what a great option for home financing!   Fannie Mae properties listed on their website www.homepath.com are eligible for HomePath mortgages.  HomePath is offered exclusively to borrowers buying homes from Fannie Mae.  There are options for Primary Residences, Second Homes and Investment properties to include Single Family Residences and Condominiums.   Primary residences require a minimum of 3% down payment, with 10% down payment on Second Homes and Investment properties. 

 A few advantages to mention regarding the benefits of HomePath financing are No PMI (private mortgage insurance), No Appraisal, No Condo Questionnaire, and No need to fix repairs to qualify for financing.

Generally, if the borrower does not have 20% down payment, mortgage insurance would be required.  No mortgage insurance can save a borrower thousands of dollars over the life of the loan. For example, if the mortgage insurance is $100 per month, with a minimum of 5 years to keep on the mortgage, that is $6000 over the life of the loan.  With Homepath financing, mortgage insurance would not be required, thus a huge savings to the borrower. 

There can be many issues with a house appraising.  With HomePath, the sales price is used as the property value.  Fannie Mae has determined the price and the lender will accept that value without an appraisal.

Condominiums do not require a review except to verify that the project is not a Condotel.  This would avoid the need for a condo questionnaire to be completed.  The information contained on the condo questionnaire may make a condo ineligible for financing under normal conventional financing.    With HomePath, that would not be an issue.  Another great advantage is that some lenders have no additional LTV limits that would apply to Florida properties. 

A Fannie Mae-owned house or condominium may need repairs but would not be able to be completed prior to purchase. By applying for a HomePath mortgage, which doesn't require a property inspection or appraisal, the borrower would be able to finance the property and make the repairs after closing.  HomePath allows for 6% seller contributions for Primary and Second Homes, and 2% seller contributions for Investment Property. This could allow the borrower to keep more of their closing costs money in their own pocket to complete the repairs needed after closing. 

Happy to answer your questions on HomePath Financing.

Dawn M. Houser Senior Mortgage Banker

Phone:  239-464-9455   / Fax:  866-686-5382  / Email:  Dawn.Houser@aemc.cc

 

 

Tenants Faced with Short Sales

Tenants are facing siuations where the owner has no choice to short their property. Althoough it is a bit of an inconvenience, you are protected with your lease. If you had a lease and did not renew, that's a different story. Take a moment to watch this short video chock full of great information.

Most owners try their best to hold on to their properties, but when the financial pressure gets over whelming, they opt to sell short. We have had to notify numerous tenants that the property was going to be sold in a short sale.It's never an easy call to make. Fortunately our tenants have been very understanding and cooperative with helping make the property easy to view. Owners have provided incentives for the inconvience. 

If you are faced with a property that enters into a short sale, you are protected for the duration of the lease. However, so is the owner, tenants who stop paying their rent because the property is being sold short are in default with their lease and face eviction for non-payment. The fact that the owner is selling short, or perhaps even foreclosing has no effect on the terms of the lease.

At Showcase Property Management, we are assiting owners sell their property short and we do our best to minimize the inconvenience to the tenants. If you are an owner or a tentant who has faced this situation, drop a comment below and share your expereince. 

 

 

My Team and I Manage Property As if It’s Our Own

Managing property requires knowledge, experience and a network of professionals to keep investment properties in top condition. If you’re one of our owners then you are already familiar with the quality of how we maintain the properties we manage.

If you’re one of our tenants than you can attest our maintenance department is quick to respond to service calls, even on week-ends. It’s the long time relationships we have with our vendors and trades who help keep our tenants happy and make sure properties maintain their values.

We do much more then collect rent. Our inspector conducts regular inspections to assure properties are being maintained and make certain everything is in proper working order. Our job is to always keep the highest property value and desirability to rent.

If your not already following our Facebook Timeline, make sure you click this link where we provide weekly owner and tenant tips.