Tuesday, July 29, 2008

My Real Estate Credentials on a New Level

As of July 19th, 2008 I will now be able to assist buyers and sellers on a national basis through my designation as a Transnational Referral Agent. With this designation I will be able to list a local seller's home in a national database seen by over 8 million people through out the continent with other transnational agents that are members of the International Consortium of Real Estate Association.(ICREA). If you know of anyone selling in the Florida Counties of Pinellas, Hillsborough, Hernando & Pasco that could benefit with national exposure in selling their properties, please do not hesitate to refer them to me.
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If you are a Florida Buyer in these counties, that is interested in purchasing property in a country outside the United States, please contact me and I will be happy to put you in touch with an ICREA TRC agent in that country to help you.
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It's another way to stand out above the rest in real estate in the area and I am excited to be able to present this to our community.





NEW FORECLOSURE LAW
EFFECTIVE OCTOBER 1, 2008


Effective October 1, 2008 a new foreclosure law will go into effect in Florida. This new law will eliminate “subject to” on a primary residence in foreclosure and a person in foreclosure on their primary residence will have 3 days to change their mind when selling their house. This is similar to a refinance of a mortgage where the Seller can decide whether or not to keep the new mortgage on the property.
In addition, Real Estate Agents could be responsible for knowing the status of the Seller's mortgage as well as whether or not they are in foreclosure. As a result of this new law, many Real Estate agents and investors may just choose not to help people in foreclosure because of all the extra potential liability and as this new law will limit the ability to collect any up front fees, as some short sale negotiation companies do and the seller will be restricted from paying them.

For more information the new law can be reviewed by going to MyFloridaHouse.gov. If you are a seller or a buyer/investor and would like more information on how this new law will affect you, please do not hesitate to contact me.

Dawnmarie Hatfield, Realtor ®, TRC