Marenas resort condos for sale in Sunny Isles, FL

How does living in a state-of-the-art condominium unit situated within a spectacular sea resort sound like? If it sounds great, then Marenas Beach Resort and Spa is the perfect place for you. It is conveniently located in Sunny Isles Beach — in the middle of Miami and Fort Lauderdale.

Imagine waking up everyday to the sight of aqua blue sea waters and pristine sandy white shores. All these for you are found just right outside your doorstep. At Marenas Beach Resort, quiet solitude mingles with the style and refinement that the Miami beach life offers.

Shopping is a cinch – Marenas Beach Resort is situated near shopping malls like Bal Harbour Shops, Sawgrass Mills Outlet Mall, Coconut Grove. Choose from a wide assortment of world class sports places – golf clubs and tennis courts are just within reach. Interested in noshing your way on a street of restos and bistros that are all the rage? Marenas Resort is near the food life of South Beach. Its streets are dotted with awesome art shops and cafes. That’s not all, you can go nature-tripping and hop on mind-blowing eco tours. Simply ask the concierge for directions and pertinent details.

While you’re at home, you can enjoy a 2.5-mile stretch of sandy shores. Take a walk at the break of dawn by the Atlantic Ocean. Or stay up and party all night until the wee hours of the morning in the South Beach clubs. Get a warm toast from the sun as you sunbathe by the pool. Hold a board meeting in its function rooms. At Marenas Beach Resort, you’ll experience the perfect blend of a classy hotel and the cozy warm vibe of home.

All the condo units in Marenas Resort have balconies – so you can enjoy the breathtaking view of the sea. This French-style beach front hotel also offers fully furnished condo units for sale. With stylish and modern furniture – hip kitchen design and state-of-the-art kitchen appliances like glass stoves, microwave oven, refrigerator, oven, and dish washer. The bedrooms have bedside tables, mini lamps, closets. The bathrooms have modern faucet and fixtures. The living room and balcony are spacious and wide. No need to worry about the Internet connection.

Marenas Resort is just roughly half an hour away from Miami International Airport and less than 30 minutes away from Fort Lauderdale Airport. Enjoy luxury resort living at its finest at Marenas Beach Resort.

Have you ever visited Sunny Isles? Be sure to leave your comment below and share your experience.

FHA Loans: Are there any special financing requirements when buying a HUD home?

fha loansIn order to buy a HUD home, a prospective purchaser must be pre-approved for the property’s asking price (and required repairs) or be prepared to provide proof of funds for a cash purchase.

When financing the purchase of a HUD home, typically FHA loans are the type of mortgage used.

There are different types of FHA loans including FHA loans that are insurable, FHA loans with a repair escrow and FHA 203k loans.

FHA loans that are insured (IN)  means that the property being purchased meets the Federal Housing Administration’s minimum property standards.  These minimum standards include working heating, plumbing, electrical, roof and mechanical systems.  Properties purchased with a FHA insured loan may still need cosmetic improvement, but the mechanical systems must be in working order.  Continue reading →

Baltimore HUD Homes with Reduced Prices

 


Baltimore Homes for sale – 5510 Pioneer Dr

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$81,900
Baltimore HUD HomesSingle Family Home
Main Features
3 Bedrooms
1 Bathroom
Lot: 896 sqft
Location
5510 Pioneer Dr
Baltimore, MD 21214
USA
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Nishika Jones Nishika Jones

Urban Living Realty
(410) 952-2641
listings@urbanlivingrealty.com
http://www.TheHUDHomeList.com      

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Mortgage Interest Rates on the Rise: What’s Up with That?

So what does it mean to you when mortgage interest rates increase?

Home buyers and homeowners thinking of refinancing would like to know that they’ll pay as little interest as possible, who wouldn’t, but over the course of a 30 year loan let’s take a look at an actual example of what 1% higher interest rate means to your wallet.

Let’s take a look at your monthly payment and how mortgage interest rates affect buying power.  mortgage interest rates

If you’ve been pre-approved for a $200,000 loan at 3.5%, the monthly principal and interest payment will be approximately $898.

It’s important to note that this example is just of the principal and interest portion of your monthly payment and does not take property taxes and homeowners insurance into consideration. The total monthly payment will include the principal and interest as well as an escrow for property taxes and insurance.

But at 3.5%, the monthly principal and interest (P&I) on a $200,000 loan would be approximately $898.09. The same $200,000 with a 4.5% rate would mean a P&I payment of around $1,013. So in other words, the payment would be about $115 higher each and every month.

For some homebuyers, the higher monthly payment from a mortgage interest rate increase can ultimately affect affordability.

 

Depending on your monthly income and debt you may qualify for a less expensive house which could mean pricing yourself out of the neighborhoods that you’d like to live in.

If you are considering a move within the next six months and would like to take a look at Baltimore MD homes for sale, now is the time to begin the process and compare your options. Take a look at what the current mortgage interest rates are and how they fluctuate over the next few months. See how much the homes are listed for in the neighborhoods that you’d like to live in. What’s the average square footage, how many beds and baths do you need.

It’s never too early to get started.

Contact us at 410-952-2641 for more information about real estate prices and increasing mortgage interest rates.

HUD Home Definition

The HUD home definition is a property owned by the United States Department of Housing and Urban Development (HUD). Sometimes these properties are referred to as HUD houses, HUD homes or even HUD foreclosures.  It’s important to note that HUD does not foreclose these homes so they are not HUD foreclosures, but we will take a look at how the US Department of Housing becomes the owner of these properties.

hud home definition

The US government (HUD) acquires these properties when a borrower with an FHA mortgage is no longer able to maintain payments on their loan.  HUD takes back the title to these properties because FHA mortgages are guaranteed by the Federal Housing Administration (FHA).

So HUD homes are defined as properties financed with a FHA loan

FHA loans are available to borrowers who wish to purchase a home with an affordable low down payment.   Homeowners can also refinance their current home loans with an FHA mortgage. So by definition a property can become a HUD home even if it wasn’t originally purchased with a FHA loan since it may have been refinanced with a FHA loan. There are a number of reasons that borrowers who are either purchasing a home or refinancing would use FHA financing.

One reason a FHA loan may be advantageous is a lower down payment requirement than other loans.  But FHA loans without a 20% down payment require mortgage insurance which is paid upfront and monthly by the borrower.  Mortgage insurance does not benefit the borrower.  It is protection for the Lender in case the borrower is unable to make payments, for some reason.

When a FHA borrower is no longer able to maintain mortgage payments and the property goes into foreclosure, the lender files a mortgage insurance claim and HUD acquires the property. That is the definition of a  HUD home.

The Federal Housing Administration (FHA) only provides mortgage insurance on loans made by FHA-approved lenders throughout the United States.

For more info on HUD homes, or to see Baltimore HUD properties contact us by phone/text at 410-952-2641 today!

Owings Mills Homes for Sale- HUD Owned


Homes For Sale In Owings Mills – 4522 Runnymeade Road


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$240,000
Single Family Home
Main Features
3 Bedrooms
1 Bathroom
1 Partial Bathroom
Lot: 1,376 sqft
Location
4522 Runnymeade Road
Owings Mills, MD 21117
USA
To get updates on open home dates and other property events, please click the “Like” button below:


Nishika Jones

Urban Living Realty
(410) 952-2641
listings@urbanlivingrealty.com
http://www.TheHUDHomeList.com

       

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HUD Homes Baltimore


Baltimore HUD Home for Sale – 5437 Hilltop Ave
 

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$49,000
HUD Homes Baltimore

Townhouse

Main Features
3 Bedrooms
1 Bathroom
Lot: 1,280 sqft
Location
5437 Hilltop Ave
Baltimore, MD 21206
HUD Homes Baltimore
USA

To get updates on open home dates and other property events, please click the “Like” button below:

 


Nishika Jones Nishika Jones 

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Queen Anne Village Owings Mills Local Real Estate Market

Queen Anne Village Owings Mills is a beautiful neighborhood found in the north-eastern part of Maryland just a little over an hour outside of Baltimore. The community is teaming with a robust real estate market that is constantly in motion giving both buyers and sellers a wide range of viable resources for their real estate needs. Queen Anne Village Owings Mills is comprised of a large variety of townhouses, condos, homes and more with price tags that are across the board. Homes in the area can go for anywhere between $50,000 up to several million dollars, but came out to an average selling price of about $379,288 for the month of May 2012.      queen anne village owings mills

The real estate market in Queen Anne Village Owings Mills is like any other market in America, given to highs and lows based upon the current needs of both buyers and sellers. The past year Queen Anne Village Owings Mills saw a wide range of homes being bought and sold in the Queen Anne area such as a beautiful three bedroom, 2 and a ½ bath townhouse on Englefield Square that sold for $175,000 in the beginning of 2012. The townhouse was built in 1981 and featured high-end hardwood floors, an eat-in kitchen nook, three floors with a spacious family room on the lower level and a large backyard with a gorgeous wooded area attached.

Currently Queen Anne Village Owings Mills has a number of homes on the market such as a 3 bedroom, 2 and a ½ bath home along Spectator Lane that features a fireplace, three levels with a completely finished lower level and a walkout deck off the back of the house that overlooks the private backyard below. The home was built in 1986 and is currently listed at a very reasonable price of $179,900.

queen anne villageThe beautiful area of Queen Anne Village Owings Mills is a picturesque locale that offers residents a close knit community, nearby shopping and public transportation as well as a short jaunt across Chesapeake Bay to the Baltimore metropolitan area. Queen Anne Village Owings Mills is known for its outstanding homes that are a wonderful mix of old and new, giving the residents a wide variety of homes to choose from whether they are looking for modern and sleek condos or traditional colonial houses with sprawling backyards for a large family.

 

The Queen Anne Village Owings Mills real estate market is always changing, making it a perfect community to snap up a stunning house for the right price and make it into a family home. Call us at 410-952-2641 to see homes currently for sale in Queen Anne Village Owings Mills!