Florida Condos to Receive Fannie Mae ‘Special Approval’ Designation
Friday, 08 January 2010 20:50
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| Fannie Mae announced that it will undertake a comprehensive review of hundreds of condominium projects in Florida in an effort to streamline the approval process of properties that fall short of their standard eligibility guidelines.
A Florida-based team of Fannie Mae examiners will conduct a thorough examination of various condo projects across the state to evaluate specific criteria such as occupancy concentration, association dues, financial stability of the project, property condition and maintenance. Projects deemed "sufficiently stable" will be granted a "Special Approval" designation, allowing lenders to originate and deliver mortgage loans to be guaranteed by Fannie Mae.

"This new initiative is geared toward providing maximum support for Florida's distressed condo market as we continue to provide liquidity to the housing market more broadly," said Karen Pallotta, executive vice president of Fannie Mae's single family mortgage business. "The state's condo market has been particularly hard hit by the housing downturn and we're working with the industry and our partners to do all we can to stabilize the market and help spur recovery."
Eligible condo projects will be listed on www.eFannieMae.com as the project reviews are completed. Qualified buyers wanting to purchase these units will be eligible for financing.
Special Approval designations will be effective for periods between nine and eighteen months. Lenders will be required to confirm the project's Special Approval designation on the date of the residential mortgage loan applications.
Click here to read the Fannie Mae Press Release>> |
| Last Updated on Sunday, 10 January 2010 19:10 |

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My Florida Commercial Real Estate is Here
Monday, 04 January 2010 08:00
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Real Estate is Looking "Up" for the New Year

Happy New Year! Many people recognize the New Year as a time to reach new milestones, and My Florida Regional MLS is no exception. It is with much excitement that we announce the launch of our new commercial real estate service to Florida and the global community.
"My Florida Commercial Real Estate" (MFCRE) premiered on Monday, January 4, 2010. This full-functioning Commercial Information Exchange (CIE) may be accessed at www.MFCRE.com.
Powered by Catylist—a leader in commercial real estate technology—this Commercial Information Exchange (CIE) offers a complete suite of products and services including a powerful search database, a comprehensive marketing engine, a social networking platform and a commercial property search engine with national exposure.
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| Last Updated on Monday, 11 January 2010 14:29 |
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A Holiday Haiku from MFRMLS
Wednesday, 16 December 2009 00:00
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Holidays Abound (A Holiday Haiku)
-by John Weeden
Holidays abound with jolly songs and laughter, mistletoe and fir.
In banquets we join, to regale in gourmet fare and toast in splendor.
With a joyful sound we celebrate together with sincerity.
We acclaim our love to special ones around us and those we have lost.
Longing to hold fast to the many ways we're blessed, we will remember.
Thanks we give to you whilst expressing our esteem gratitude resounds.
©2009 John Weeden

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| Last Updated on Monday, 11 January 2010 14:28 |

My Florida Commercial Real Estate Launches in January
Wednesday, 09 December 2009 00:00
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MFRMLS is proud to announce our new venture—My Florida Commercial Real Estate—coming to you in January 2010. This Commercial Information Exchange offers a powerful research database, a comprehensive marketing engine, a social networking platform and a commercial property search engine. Whether you occasionally sell commercial real estate or broker it exclusively, My Florida Commercial Real Estate (MFCRE) offers a full suite of products and services for your commercial real estate business.
Over the next few weeks we will be releasing more information about this new and exciting product as we approach the launch in January 2010.

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| Last Updated on Wednesday, 30 December 2009 00:59 |
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Blue Dasher's 'Black Thursday' Special
Wednesday, 09 December 2009 00:00
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Black Friday, Cyber Monday and even Red-Tag Tuesday have passed us by. But few people know of Blue Dasher's "Black Thursday" Special!
Members currently taking the Blue Dasher "Test Drive," are eligible for the "Black Thursday" Special.
Here's how the special works. By subscribing to Blue Dasher by Black Thursday, you will not only receive a 10% monthly savings on an annual Dasher Virtual Drive subscription, but your CHOICE of two (2) Listing Advertisements for free OR two (2) additional months of service for free as part of this special promotion. Please note that there are TWO Black Thursday dates which are based on your primary association membership—categorized as either "Phase One" or "Phase Two" (shown below):
Phase One Member (Black Thursday Special ends December 10, 2009)
- Desoto County Board of REALTORS®
- Englewood Board of REALTORS®
- Greater Tampa Association of REALTORS®
- Manatee Association of REALTORS®
- Punta Gorda-Port Charlotte-North Port Association of REALTORS®
- Sarasota Association of REALTORS®
- Venice Area Board of REALTORS®
Phase Two Members (Black Thursday Special ends January 5, 2010)
- Bartow Board of REALTORS®
- East Polk County Association on REALTORS®
- Lakeland Association of REALTORS®
- Orlando Regional REALTOR® Association
- Osceola County Association of REALTORS®
- REALTORS® Association of Lake & Sumter Counties
- West Volusia Association of REALTORS®
How to Enroll
To grab this opportunity, you will need to click on the subscription button (shown below) in your Blue Dasher window. Signing up is easy. Just be sure to act by Black Thursday!


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| Last Updated on Monday, 11 January 2010 14:29 |

It's a Numbers Game
Wednesday, 09 December 2009 00:00
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| Did you know that as a member benefit of MFRMLS you have several options for how to obtain statistics about the neighborhood, a specific MLS listing or even your own production statistics?
Using iMapp you have access to an on-the-fly statistics function. The Market Conditions Report will allow you to gather the same type of information that appraisers use when filing a 1004MC report. Finally, using MLXchange you can obtain statistics regarding your own production for the year so that you can "sell yourself" with supporting documentation.
iMapp Statistics When using iMapp you can gather Residential statistics directly from the property detail page by simply clicking "Residential MLS Stats" you will have the opportunity to view inventory, sold listings, all sales and new vs. sold reports for the zip code, county or the entire MLS.
Click here to attend a webinar detailing all of the statistics options available>>
Market Conditions Report in MLXchange From within MLXchange when viewing a property you can choose to view the Market Conditions Report. The primary use of the report is for appraisers to complete the Market Conditions Addendum to the appraisal report, now required on all appraisals performed beginning April 1, 2009. As a secondary use, members can use this report to gain a more detailed understanding of the overall market trends for properties and neighborhoods.
Click here to attend a webinar detailing all of the statistics options available>>
MLXchange Statistics All REALTORS® wants to be able to sell themselves to potential buyers and sellers, right? Using MLXchange and the statistics available, you can provide the numbers to support your claims. Simply click on the tab "reports" then choose "statistical reports" to begin your journey into letting MLXchange gather and crunch the numbers for you.
Click here to attend a webinar detailing all of the statistics options available>> |
| Last Updated on Monday, 11 January 2010 14:30 |
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