Friday, January 27, 2017

11301 SW Fox Brown Rd Road, Indiantown, FL 34956





19.73 ACRES cleared, fenced and cross fenced, Ranch with NO Wetlands, high and dry. Must see this . . .10 Stall Show Barn,permitted with foundation, 1/2 bath/laundry, tack room and 12 x 12 stalls. See feature sheet for all the extras. Main home is 2432 sq ft with 4 bedroom, 2 bath, 2005 blt very open MODULAR home including many extras. See Feature Sheet attachment for all extras and specifics. Perfect to live in permanently or while building your custom equestrian estate home to your own criteria. Separate Utility/Pump building, separate workshop, separate building for equipment, separate Pole Barn in back pasture. Pastures wired for hot wire. Location is directly off Fox Brown Rd & is between 710, Beeline and 714, Martin Hwy. Access to all surrounding counties is 30 mins. Ideal Ranch!



Call 561-756-0891 or visit: http://ow.ly/5OOw308qP9O



We are a proud affiliate of Keller Williams Realty of the Treasure Coast. All KW offices are independently owned and operated. Cristi Hernandez, Broker, 772-419-0400. 819 S. Federal Hwy., PH, Stuart, Florida. Equal Housing Opportunity.

Monday, January 16, 2017

9691 SE 126th Boulevard, Okeechobee, FL 34974





75 acres - Great location off 710, just one block north of 714! So easy to access from everywhere via Bee Line (710) or 714- Martin Hwy. Close to Lake. Perfect for cattle farming! Former Dairy. Two Homes, 1 remodeled, 2 bedroom 1 bath, had been office,still needs some work. Second home needs a lot of work, maybe a knockdown, roof open to sky but CBS frame there. Huge Warehouse needs work too. Mowing next week, then Drone pics coming. Photos soon. Most important is the superb location, dont miss this 75 Acres!



Call the McAllister Int'l Group  561-756-0891 or visit: http://ow.ly/GwJZ3083DO1



We are a proud affiliate of Keller Williams Realty of the Treasure Coast. All KW offices are independently owned and operated. Cristi Hernandez, Broker, 772-419-0400. 819 S. Federal Hwy., PH, Stuart, Florida. Equal Housing Opportunity.

Wednesday, January 11, 2017

Shadow Inventory: More Houses Will Soon Be Available for Sale

By Alexis Craig, RISMedia

All signs point to an improved housing market—home values are up by about 30 percent since 2012, they’re selling faster, and overall demand is high. But this recovery has led to a dramatic decrease in the overall housing inventory. 

Fortunately, there might be some relief from the shortage in sight. The inventory that has been hiding in the shadows for years is finally coming into the light. 

Why Is This Inventory Up for Sale?
With the improved market, it would be natural to think the impact of the housing crisis is over, but there are still some old foreclosures in the pipeline that are ready to pour over the dam of legislation and legal delays that have been holding them back. 

Banks and lenders are starting to make the final push to flush out homes in the foreclosure pipeline, resulting in a higher surge in repossession and REO listings. The backlog of foreclosed homes that was created by lengthy judicial reviews and long foreclosure timelines are entering the market in states like New York, Florida, New Jersey, Arkansas and Hawaii 

The possibility of new foreclosures in 2017 is also impacting the housing inventory estimates. In 2016 and beyond, many homeowners may find it difficult to make their mortgage payments as “resets” are rolled out. For example, the government’s Home Affordable Modification Program (HAMP) provided temporary relief to borrowers during the housing crisis, but that relief ended after five years. These payment resets will increase the loan payment for nearly 900,000 homeowners—some of whom will find it difficult to keep up with their mortgage in this sluggish economy. 

HAMP isn’t the only program. It’s estimated that about two million modifications will face interest rate resets in the coming years, and a high percentage of those homes are in depressed markets with little to no equity in their homes. 

What’s the Impact?
A backlog of foreclosures are finally available for sale, but there is likely to be a second wave of foreclosed homes since the foreclosure problem wasn’t solved, but delayed. You can expect REO listings and foreclosures to increase in the next coming years. How this impacts the real estate market largely depends on how fast these homes enter the market.