A short sale in Real Estate is the sale of a home or piece of property for an amount that is “short” of the full amount owed on that property. It is usually done when a property’s fair market value is less than what the property can be sold for. (For example, you owe $380,000 and your house has lost value and is now only worth $310,000). A short sale is also referred to as a Pre-Foreclosure sale and can be beneficial to homeowners that are facing foreclosure.
Most mortgage lenders will consider a short sale if the homeowner has fallen or is about to fall behind on their payments. Once a homeowner has fallen behind on their payments, they will begin to receive phone calls and letters from their mortgage company. This can be very distressing since most people don’t know what their options are at that point. Most of the time the mortgage companies will try to get their money by encouraging a loan modification in which they will set up an arrangement with the owner to make increased payments for a certain amount of time to cover the defaulted amount. (Of course, if someone can’t afford their regular payment, then an increased payment is not an option!)
A short sale is an option that mortgage lenders are doing more and more. Usually the short sale process takes up to 60 days, however, if there is more than one lien on the property, the time frame may be longer because each lien holder has to agree in writing to a short payoff. Any escrowed funds, (i.e. taxes & insurance that are included in the regular monthly payment) will not be refunded to the borrower after the closing of a short sale. Any and all funds are surrendered to the primary lien holder. A short sale will adversely affect the homeowner’s credit.
Short selling a home can be a very lengthy and demanding process. Most lenders won’t consider a short sale unless the homeowner is working with a real estate agent. Once someone has decided to do a short sale, they should interview a few agents in their area and find one that has experience in working with and negotiating short sales with the mortgage companies. This also relieves the owner of the stress of dealing with their lender directly.
A short sale is a good option for someone who is facing foreclosure or has a recent hardship due to job-loss, illness, divorce, or death. The process is quite arduous and requires much cooperation on the part of the borrower to provide financial documentation, letters of circumstance, tax documents, bank statements and any other documentation required by the lending institution(s). A homeowner’s financial circumstances will influence the lender’s decision to approve or deny the short sale. These circumstances are also related to the current market and the offer being submitted. In the long run, a short sale is a good way for homeowners to avoid foreclosure and bankruptcy.
05-14-2012 5:20:36 PM CST
Seven Seas Spa & Salon Miami Beach Resort and Spa
Relax & rejuvenate at Seven Seas Spa and Salon, located in Florida’s Riviera. Take your relaxation to another level with an Aveda lifestyle experience that will transform you from the inside out. Our enlightened team of beauty and spa professionals will pamper you with an unparalleled journey of the senses. Indulge in our state of the art, luxurious retreat of rest & renewal, emerging with a glow and inner peace that only the Seven Seas can provide.
From our Signature Swedish massage, deep cleansing skin and detoxifying body services to OPI, Essie, Minx, Shellac, & Axxiom nail treatments and our Aveda & MAC makeup application, or hair treatments including products from Aveda, Hot Heads hair extensions, feather extensions, & Inoar Keratin treatments, all of your wellness and beautification needs and desires can be provided during your Seven Seas experience. Lounge in 6,000 square feet of zen sound, scent, & lighting, while being indulged with the best products in the world, restoring balance and peace to the mind & completing your transformation.
Receive VIP treatment with complimentary champagne, mineral water, Aveda calming tea, healthy refreshments, luxurious bath robes, ergonomic bath slippers, & valet with any spa service. When you complete your services, join us for the day in our steam rooms, at our poolside tiki bar, private beach, or catch up with complimentary WIFI.
Are you ready to schedule your day of bliss? Book online: or contact our Spa Concierge at 305.749.2100. Our commitment to excellence is guaranteed to provide the getaway your mind and body will appreciate, from head to toe.
05-14-2012 5:16:56 PM CST
Kitchen 305 Restaurant in Miami Beach
Kitchen 305 offers an exciting and unique dining experience where creative plating techniques showcase distinctive gastronomic American-eclectic fare at its best. Where South Beach meets Sunny Isles Beach, Kitchen 305 offers great food and a fun dining in a chic setting. Located in the home of the former Newport Pub, Kitchen 305 has been voted to be a “Top Hot Spot” by miami.com.
Children accompanying their parents can enjoy family dining at Kitchen 305 while ordering off the Kids Menu.
A weekly line-up of fun filled evenings such as all you can eat Main Lobster on Wednesdays and all you can eat Stone Crab on Fridays. The latest in 80s, 90s and today, offering top Miami D.J.s and popular bands making Kitchen 305 the perfect location for a night-on-the-town or a special event. Kitchen 305 is open daily at 5:30 PM for cocktails and dinner. Reservations are highly recommended and hotel guests get preferred seating.
For more info about things to do in Sunny Isles contact Eddie Cambas by clicking contact us on the front of the website.
05-12-2012 6:26:19 PM CST
Purchase a SIM card with activation code. From the affilliate desk of Edward Cambas.
Real estate appraising is the evaluation of property including the land, the dwellings and all the features on it. Although everyone knows it is necessary to appraise real estate to sell it, there are many other reasons people would contact a real estate appraiser.
Establish value to buy insurance.
Settle insurance claims.
Establish market value to sell a home or buy new property.
Establish market value to refinance or use for collateral on another loan.
Assess current value to get rid of obligation to buy property mortgage insurance. (If value has risen, owner's percentage of equity in property may have increased enough to eliminate the lender's requirement to pay for property mortgage insurance.)
Reduce property taxes. (If market value or property value has decreased since the property tax assessor last valued it.)
Estate settlement (to be dispersed to heirs or sold).
Division of assets to establish market value in case of divorce, dissolutions of partnerships, etc.
Conduct a right-of-way or easement appraisal. (If owner must sell a piece of land for road widening or to grant an easement, an appraiser can make sure they are paid the fair current market value.)
Business appraisals for the purchase, liquidations, financing or estate tax settlement businesses.
Special requirements for appraisals for FHA and VA loans, which not all real estate appraisers meet.
Remember, real estate appraisers must be state-licensed and certified.
Professional affiliation is also available with the National Association of Independent Fee appraisers, which offers a professionally recognized testing and certifying program to afford reasonable assurance to the general public of professional expertise, integrity and responsibility.
Some other credentials to look for: IFA (member), IFAA (agricultural member), IFAS (senior member) or IFAC (appraiser-counselor).
05-12-2012 12:36:25 PM CST
Library Services - Sunny Isles Beach, FL 33160
The Miami-Dade Public Library System proudly provides services, programs and special events to residents of Sunny Isles Beach.
The 7,500 square foot library is located on the ground floor of the Government Center at 18070 Collins Avenue. Patrons can gain access to a collection of more than 50,000 volumes as well as the System’s collection of four million pieces. The branch contains the Library System's largest Russian language collection of books, movies and music. With 15 computer stations and laptops to borrow within the library – all in a Wi-Fi environment - patrons can log on to the Internet for free. The branch also presents interesting, fun and high-quality programs of interest to all ages throughout the year.
Residents of Sunny Isles Beach are eligible to receive a FREE library card, to apply visit http://www.mdpls.org/.
For the convenience of patrons, the City’s Shuttle Service route includes stops at the Sunny Isles Beach Branch Library six days a week. The Community Shuttle also includes stops at or near Mobile Library locations.
05-12-2012 7:20:51 AM CST
Following the 1960 teen-exploitation movie Where the Boys Are, Fort Lauderdale, with its seven miles of palm-shaded white sands, instantly became the number-one Spring Break destination in the US. However, having fueled its economic boom on underage drinking and lascivious excess, the city promptly turned its back on the revelers. By the end of the 1980s, it had imposed enough restrictions on boozing and wild behavior to put an end to the bacchanal. Since then, Fort Lauderdale has transformed itself into a thriving pleasure port, catering to individual yacht-owners and major cruise liners alike. It's also one of the fastest-growing residential areas in the country, and has for years been known as one of gay America's favourite holiday haunts.
If you would like to stay in Fort Lauderdale or Miami we do have the "Value Rental" deal.
3 nights for $129.00 - Contact us at Edward E. Cambas, Lic. Real Estate Broker 786-200-8817 Buy & Sell Real Estate Services, Inc an equal housing opportunity.
05-11-2012 5:20:24 PM CST
Sunny Isles Beach - Looking? Edward E. Cambas sells Sunny Isles Beach Real Estate. 786-200-8817. Buy & Sell Real Estate Services, Inc. an equal housing opportunity.
Are you ready to buy in Sunny Isles Beach FL, 33160 - Edward E. Cambas.
05-11-2012 10:43:19 AM CST
Almost one million vacationers visit Sunny Isles Beach each year to enjoy a two-mile long fine sand beach and outdoor activities such as water sports, boating, fishing and tennis. Abundant shopping, dining and entertainment options are also available. The landmark Newport Fishing Pier (formerly known as the Sunny Isles Fishing Pier) is a local favorite while the beautiful Samson Oceanfront Park provides a childrens play area, and space to relax, meet friends and enjoy the sunrise on the ocean.
From the desk of Edward E. Cambas courtesy of the Sunny Isles Beach Official Website.
Community Shuttle Service - Sunny Isles Beach
The City provides free Community Shuttle Service 7 days per week with three different routes for the convenience of residents and visitors.
The Orange Line
runs Monday to Friday 8:00 a.m. to 7:35 p.m.
The Blue Line
runs Monday to Friday7:45 a.m. to 3:50 p.m.
The Blue Line (Saturday schedule)
9:05 a.m. to 3:50 p.m.
The Green Line
runs Monday to Sunday 8:00 a.m. to 7:50 p.m.
Shuttle buses are handicapped accessible and are available for such use when a reservation is made at least 24 hours in advance. To make a reservation for handicapped Community Shuttle pick-up, call 305-792-1706.
Pets are not permitted on City shuttle buses except with a passenger who is sight impaired.
Mount Sinai Transportation Services
Free transportation provided to and from Mount Sinai Medical Center at 4300 Alton Road on Mondays, Wednesday, and Fridays pick up at 8:00 and 11:00 a.m. and returning Noon and 3:00 p.m. Reservations required at 305.792.1706.
Miami-Dade Transit Service
Miami-Dade Transit provides several bus stops through out the City. For more information on Miami-Dade Transit Services and schedules, visit http://www.miamidade.gov/transit/.
Miami-Dade County provides Special Transportation Services to those with handicaps. Information for STS is available at 305-264-9000.
Clickbank offers a way to make money from your home computer - from eddie cambas.
05-09-2012 4:27:07 PM CST
Try something different. From the Travel Desk of Edward E. Cambas.
05-08-2012 12:10:34 PM CST
Sunny Isles Beach, the City of Sun and Sea, is located on a barrier island in the northeast corner of Miami-Dade County, bounded by the Atlantic Ocean on the east and the Intracoastal Waterway on the west. Golden Beach lies to the north, Bal Harbour and Haulover Park are immediately to the south.
Sunny Isles Beach is midway between downtown Miami and Fort Lauderdale with easy access to business centers, entertainment, sports and recreational facilities, and tourist attractions. Residents and visitors can fly into either Miami International or Fort Lauderdale/Hollywood International airports, or cruise into the Port of Miami or Port Everglades and be in Sunny Isles Beach within 20 to 30 minutes.
Almost one million vacationers visit Sunny Isles Beach annually to enjoy the 2 ½ mile-long fine sand beach and outdoor amenities such as water sports, boating, fishing, and tennis as well as the abundant shopping, dining and entertainment options nearby. The landmark fishing pier is a local favorite while the beautiful Samson Oceanfront Park provides a children's play area and space to relax; meet friends and enjoy the sunrise.
The City is experiencing a major redevelopment renaissance on the east side of Collins Avenue, the main thoroughfare. Zoning laws ensure that view corridors and beach access pathways will always offer residents a life with a view. To the west of Collins Avenue, the City is building parks, improving the infrastructure and laying the groundwork for future redevelopment.
The emphasis of most of the redevelopment is on residential condominium construction. The City is steadily replacing outdated motels with luxury residential oceanfront development. Much of the residential construction is not for year-round occupancy, however the statistics show a steady growth in young families who desire to be near the ocean.
From the travel desk of Eddie Cambas
05-08-2012 8:04:46 AM CST
Whether your idea of vacation means relaxation, adventure or a little of both, your search for the ideal Miami Beach hotel ends with Newport Beachside Hotel & Resort. Experience world-class services combined with outstanding value in a beautiful oceanfront setting, just minutes from Miami and Fort Lauderdale in Sunny Isles Beach, FL. Make your reservation today and get ready to unleash your sense of adventure, unwind at the beach, shop ’til you drop or all of the above. At Newport Beachside Hotel & Resort, the excitement and splendor of South Florida lies at your doorstep.
Sunny Isles Beach, Florida # 1 Destination as Reported By TripAdvisor Travel Cast Top 10 Destinations In The US for 2008.
For more info contact us at 786-200-8817. Edward E. Cambas, a Lic. Real Estate Broker , Buy & Sell Real Estate Services, Inc.
05-08-2012 7:20:16 AM CST
The Newport Beachside Resort is a tropical getaway landmark since 1967, this 3.5 star beachfront resort in Sunny Isles Beach has recently completed a multi-million dollar renovation of our 20,000 sq. ft. pool deck, the lobby, and all public areas. This includes the famous "Coconut Bar" where you can relax and enjoy the sunsets.
The resort boasts four dining venues including the Kitchen 305, offering an exciting and unique dining experience where creative plating techniques showcase distinctive gastronomic American eclectic fare at its best. Our most recent addition is the 8,000 sq. ft. Seven Seas Aveda Spa and Salon.
The hotel is easily accessible from either Miami or Ft. Lauderdale International Airports, cruise ports, I-95 and the Florida Turnpike. Guests are a short distance to South Beach, the famous Art Deco District, Dolphin Stadium and the fashionable Shops at Bal Harbor.
For more info contact Edward E. Cambas, a Lic. Real Estate Broker 786-200-8817 . Buy & Sell Real Estate Services, Inc.
04-28-2012 7:25:07 AM CST
Tips for Buying Short Sales
The best tip I can give you when you are considering a short sale purchase is to do your home work. This comes down to research and knowing the area you are about to purchase in. When you purchase a short sale because of a decrease in home values, you need to know if you have reached the bottom of the market or if you can expect to see prices decline. It is almost impossible to know this but you should look up property values over a 10 year period and analyze what home values in the area have done. Doing this over a 10 year period will give you a better idea of the market and allow you to make a better decision. If you do your homework, you should be able to establish a very solid real estate portfolio by purchasing real estate via a "Short Sale".
04-28-2012 7:24:35 AM CST
Short Sale Process
The short sale process can be very confusing because it is not as common as a regular real estate transaction. Typically the short sale process takes longer because you have to deal directly with the bank and gain their approval to sell the home. When a client makes an offer to purchase a real estate short sale they do not have the benefit of getting a quick response like they would from a regular seller.
The short sale process begins with the client having to show that they are eligible for a short sale. All lenders typically require 2 years of tax returns, 2 years of W2's, most recent month of bank statements for all accounts and a hard ship letter. The process of getting approved for a short sale is the exact opposite of what a borrower goes through when they are trying to obtain financing. When a borrower obtains financing they have to show that they can afford to make the mortgage payments. When a seller is trying to get the bank to approve them for a short sale, they have to show the bank that they have made every attempt possible to try and make the payments. If a lender sees that they have other liquid assets they will not be very likely to help a seller out and approve them for a short sale.
04-16-2012 12:56:14 PM CST
Eddie Cambas is a marketing affillate for Hotels.com. If you want a last minute special deal, just click on the link above. Our deal specials do include Miami, Miami Beach, and Sunny Isles Beach, Florida. In addition you can save on Orlando, Ft. Lauderdale and Daytona Beach.
04-13-2012 10:28:09 AM CST
This is what info is important to Angel Investors. Get funded. Offered through the busisness desk of Eddie Cambas.
04-12-2012 10:53:18 AM CST
The Capital MatchPoint is the first step that helps entrepreneurs build sustainable companies. The principals of NuQuest, Inc. and The Capital MatchPoint collectively have over 70 years of deal making, brokerage, fund raising, entrepreneurship and financial experience to draw from to aid any company regardless of size to get their proposition into the funding sources hands and have it ready to be funded using the AVSTM method.
Identifying qualified investors through The Capital MatchPoint
Business plan refinement
Creative strategic planning
Key management, sales and human resource planning
Due diligence investigation
Regulatory compliance issues
Identifying merger/acquisition candidates
Guidance in public processes
Creating exit strategies
For more info about this and or info on funding: http://www,capitalmatchpoint.com
04-06-2012 3:45:18 PM CST
From the marketing desk of Edward E. Cambas.
04-05-2012 8:15:17 AM CST
From the business desk of Edward Cambas - Eddie Cambas International.