My new logo will be .. by Gamson Art 2010

New logo coming soon by Stephen Gamson .. you can visit him at: http://www.gamsonart.com/

Miami International Real Estate Congress

I'm excited to proximately be attending to the Miami International Real Estate Congress. This is going to be from October 30th to November 4th at the Miami Beach Resort. Green Team Financial will have a booth, we will be glad to answer any questions. We are offering a FREE Pre-qualification letter for your clients and free advice in market knowledge. We are the #1 resource for Mortgages. We cater to foreign nationals, jumbo loans, condo-hotels and more. Lowest rates ! Great programs ! Contact us at: http://www.greenteamfinancial.com or http://www.facebook.com/greenteamfinancial

Requirements, and tips for doing business in the United States

Original Banking Reference Letters: One original personal banking reference letter (US or foreign bank). Letter of reference must be on company letterhead with address and phone number, dated and executed by the appropriate parties. Letter must include how the account is titled, type of account, account number, when it was established (must have been open for a minimum of 2 years.
English translations are to be placed in front of the reference letters and signed, dated and certified by a translator.

Asset Verification: Verification of Initial Down payment, cash to close, and reserves equivalent to no less than 24months of PITI and HOA when applicable (Venezuelans require 36 months reserves). All cash to close including required reserves must be on deposit in a US Banking Institution. The borrower’s liquid asset position must be commensurate with the borrower’s financial statement and income level. GIFT FUNDS ARE NOT ACCEPTABLE.


INCOME VERIFICATION FOR FOREIGN NATIONAL BORROWERS:
 IF SELF-EMPLOYED: ORIGINAL ACCOUNTANT LETTER- Letter must explain borrower’s source of income and must include previous two years of income and current YTD income. All letters of reference are to be on company letterhead, dated & executed by the appropriate parties. English translations are to be placed in front of the reference letters and signed, dated and certified by a translator.
 SALARIED EMPLOYEE: Letter from Employer stating current monthly salary and a valid pay stub if applicable.
 RENTAL INCOME CAN NOT BE USED FOR QUALIFYING FOR THE LOAN

Automatic Payment Authorization: Borrower to provide automatic payment authorization for mortgage payments from a U.S. bank account. Signed ACH form and voided check required to scheduling closing.

COPY OF BORROWER’S ID:
-Foreign National: Valid Visa and Passport

FOREIGN NATIONALS: Documentation confirming home address: Such as Utility Bill, Credit Card Statement or Bank statement

SATISFACTORY US FACTUAL CREDIT REPORT: (If NRA’s from the U.K, Ireland & Canada include Factual Intl Credit Report).

* Some lenders differ on documentation.

Why Green Team Financial?

We are a branch of Christensen Financial of Longwood, Florida. The mortgage industry is changing. The traditional old ways of doing business as a broker are fading away, loans are harder to come by, and more difficult to get approved. We do not want you to lose an opportunity for lack of financing. Regardless of market conditions, we are always working to give you access to over 250 lenders to provide you the best rates and customer service.

With property prices at their lowest in decades, Nancy Lifter-Wolin and Cary Wahlenberg have the experience and talent to help you invest. When it comes to putting a deal together you will work with qualified professionals in every aspect of the process. We pride ourselves to get the best results with America’s “Best in Class” Selection of Home Loan Programs includes foreign nationals, condo-hotels, second homes, self-employed stated income, high-rise condos and if we do not have it we will try to see if we can get it. We do not get paid unless we deliver!!!

It is our mission to make sure you are provided highest level of customer service. All phone calls & emails are returned promptly so you do not have to wait for answers, decisions, or other critical transaction or program information. We will assist our customers from beginning to end with the highest standards in the Mortgage Industry we are both members of the Florida Association of Mortgage Professionals.

Best Time to Buy Real Estate!

The real estate market has appreciated in the last month on a average of 2%. Moving forward the story that John Paulson has been bullish on real estate appreciating 3-5% in the next coming months. This is a positive sign to get your purchases completed sooner rather then later. The herd mentality will be happening so don't sit on the fense for too long. If you are a buyer, now is the time to get in. I bought a property at auction with a lot of interest out there for first time home buyers and move up buyers.

Green Team Mortgage has FHA and great Convential Lenders to make your buying dreams come true. Deals are getting done. These are all positive signs for a recovery.

Aspen Camp-aign

While the banking industry was changing, I would watch the banks go under at Implodemeter.com. Before I knew it, I was the next to go along with 11,000 other people from Wachovia/World Savings Wholesale. No matter what these shows on CNBC, 60 Minutes, and other news outlets say, the company was a very special team that understood lending. The CEO’s of Golden West Financial, the Sandler’s always gave a different sense of values for portfolio lending and this industry. Unfortunately, the market changed and as a result, the Sandler’s saw the writing on the wall. The competition was fierce and thus, they decided while they had a solid track record, it was time to move on and consider other options. They sold World Savings to the big dogs at Wachovia and everything went down from there.

Now in 2009, we have seen the real estate market do a complete 360 in comparison to just a few years ago, especially here in South Florida where real estate is the dominating industry. The banking and real estate industry depend on one another and need each other to keep the market going. Therefore, banks that were subprime lenders are now in the toilet and many people are unable to afford homes that they bought years ago. In South Florida, foreclosures are running ramped. They are no longer a shocking way of buying or selling property.

However, after recently going to Aspen, Colorado on a family vacation I was amazed that the people in Aspen are still barely holding on and not dropping their home prices. Many of these properties are second homes and start at a value around a thousand a foot and up. We have to adapt to the new lending rules. If you can’t get people to buy, then you need to offer them a better reason/price so that they will buy. Sellers who can lower their price 40%, win. When you see the current sale comparables, it is ugly. Even Related Westpac has six Snowmass Village Properties that have gone into foreclosure and are being auctioned on August 26th. Therefore, it’s clear that the foreclosure market is hitting the mountain resorts more so now. Thus, it is just a matter of time before Aspen starts to see this domino affect them.

While in Colorado, my sister and I went to the symposium at the Aspen Institute. They were discussing the “State of Real Estate and Development Economy” in the Aspen and Snowmass area. It was evident that the speakers were not thinking outside of the box as the input the people were giving could have been more creative. This goes back a great deal to the fact that the foreclosure market has not hit Aspen like it has in other parts of the country like the sun belts.

Aspen is an amazing town both in the summer and winter months and does not have the exclusiveness stigma it is known for. As a result, to stimulate the town’s economy, they need to market themselves more outside of Aspen. Those who are looking for a great vacation might not know the wonderful things this mountain resort has to offer. Families can find great deals that are out there and the best part of the town is that many of the activities offered are free. A family vacation to Aspen might even cost you less at the end of the day than a trip to Disney World. Therefore, just because one might not own a piece of real estate in the town because the prices have not dropped yet, it is still a destination for the leisure traveler. My sister even made a statement at the symposium giving the idea of creating an Aspen Camp-aign.

If you want that wonderful community feeling with beautiful surroundings, hiking, horseback, rafting, golf, tennis, art, theater, Ducky Derby, Rodeo, and restaurants Aspen/Snowmass has it all for you come and ENJOY!

How New Buyers Can Benefit from Tax Increases

As property values continue to drop, you still can get a tax hike. When homeowners open their tax notices this year, people who invested during 2003 to 2007 will have price increases. Market values have declined so much today that the assessed value can be higher than the deflated market value. The tax base has fallen 9.2% in Dade County and in Broward a little over 10.7%. This is because of a declining market. Due to a decrease in revenue, we can expect to see a rise in our millage. However, on the brighter side of things, this won’t affect new homeowners because they will be seeing their assessed values dropping.