CORE SERVICES NEWS F N P M * PROS PERIT Y H O ME MO R TGAGE , L LC * G T S * R E F E R R A L
Join the 2021 Relocation Team! Join the 2021 Relocation Team!
The 2021 Relocation Team will service the needs of corporate transferees referrals from brokerages. eligibility The 2021and Relocation Team willother service the needs ofThe corporate transferees and referralsbelow from other eligibility requirements mustbrokerages. be met in The 2020:
HAPPY HOLIDAY’S TO ALL! This can be a time of high stress and many competing priorities. What can PHM do to help to reduce that stress for you and your clients? How about waiving the origination charge. That’s right, completely waived as a present to you and your clients. That’s what we offer to all First Responders, Teachers, and any clients leveraging a VA loan (VA loans also get a FREE appraisal!). Give the gift of waived costs and free services to these clients this holiday season and your clients will thank you for it.
SELLER FINANCING Seller financing
requirements below must be met in 2020:
“A” Team
“A”and Team At least $6M 15 sides At least $6M and 15 sides of personal business of personal business OROR 2020 units units
“B” Team
“B” Team At least $4m and 12 sides At least $4m and 12 sides ofpersonal personal business of business OR 15 units OR 15 units
EachEach qualified andand interested interviewwith with Linda Lindenmoyer, qualified interestedagent agent will will interview Linda Lindenmoyer, Relocation Director,to toensure ensure appropriate Relocation Director, appropriateexpectations. expectations. qualified interestedagent agent will will recertify twotwo training EachEach qualified andand interested recertifybybyattending attending training classes: a class for listings including tips for capturing premarketing listing classes: a class for listings including tips for capturing premarketing listing opportunities, and a class regarding buyer expectations including tips for opportunities, a class tour. regarding buyer including tips for conductingand a candidate Each class willexpectations be approximately two hours. conducting a candidate class will be approximately two hours. A passingtour. scoreEach is required for each class test. A passing score is required for each class test. Contact Linda Lindenmoyer at 904-672-4350 or Linda.Lindenmoyer@floridanetworkrealty.com for any questions. ContactLinda Linda Lindenmoyer Lindenmoyer at at 904-672-4350 904-672-4350 or Contact or
Linda.Lindenmoyer@FloridaNetworkRealty.com for for any any questions. Linda.Lindenmoyer@floridanetworkrealty.com questions. ©2020 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity. Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.
©2020 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity. Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.
FAIR HOUSING ACT
is just what it sounds like: instead of the buyer getting a loan from the bank, the person selling the house lends the buyer the money for the purchase.
According to the Fair Housing Act, Florida landlords cannot ask potential renters questions about medical history, age, any disability, familial status, ancestry, national origin, marital status, sexual orientation, religion, color or race. How it works is that the Buyer and Seller Tenants cannot be discriminated against due to any of these reasons. Every execute a Promissory Note providing an real estate investor is forbidden from the following: interest rate, repayment schedule, and •Refusing to rent a Florida rental property. consequences of default. The Buyer sends their monthly mortgage •Setting different privileges, terms, and conditions for renting an income payments to the Seller, who gets to earn interest on the loan, property. perhaps at a higher rate than they could get elsewhere. A •Providing different housing facilities or services. mortgage placing Seller’s lien on the property is also recorded •Falsely saying an investment property is unavailable for rental, sale or in the public records where the property is located. inspection. Seller financing arrangements are often for a short term, such as •Making any statement in an advertisement that implies preference based five (5) years, with a balloon payment due at the end. The idea is on disability, sex, religion, national origin or presence of children. that the buyer will be able to refinance before the balloon •Intimidating, threatening or coercing anyone exercising their fair housing payment is due. rights. In case the tenant has a mental or physical disability, you must: - Make reasonable adjustments to practices, policies, and rules if the In the event that the buyer fails to make the appropriate payments pursuant to the repayment schedule, the Seller would have to file renter requires them to live in the property. a foreclosure lawsuit against the Buyer in order - Make necessary modifications to the rental home so the tenant can to recover the value of the Note. live comfortably. -9-
