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Robert A Pabich :: Blog
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Robert A Pabich :: Blog

September 01, 2011

Mortgage fraud continued at high levels in 2010 in part because the fraudsters quickly adapted to the movements of the economy and changes in how loans are made ​​according to the Mortgage Fraud Report 2010 of the FBI 

The annual report provides an overview of how deep the U.S. mortgage fraud. Although the economy showed some improvement, the real estate market went into trouble, which generated many opportunities to commit fraud.

Perhaps the most alarming findings of the report was the fact that many of the scammers were professionals, from mortgage brokers, lenders and appraisers to real estate agents, lawyers, investors and builders.

Resources to combat mortgage fraud

Due to the high rates of mortgage fraud, the FBI continues to provide resources to tackle this threat. Last year the FBI participated in a nationwide operation that resulted in the criminal prosecution of 1.215 people, 485 arrests and 336 convictions.

The agency also continues to support 25 units fighting mortgage fraud and another 67 working groups. The FBI continues to work closely with the mortgage industry to share intelligence and to raise public awareness about fraud.

The most common scams

The Federal Trade Commission has identified some of the most common mortgage scams, including the following:

  • Phony counseling : Scammers charge an advance fee and promise to reduce monthly mortgage payments for homeowners to save their homes. But once they take their fee disappear with the money.
  • Forensic Audits : this scheme also includes the collection of advance fee. In this case, scammers promise to review the loan documents to see if the lender complied with the law.They say they can use the report to delay foreclosure, reduce debt or pay off the loan.However there is no evidence that audits help modify loans or help in some way or another.
  • Revenue fictitious : Scammers convince the owners to cede the title to their homes, and while renting the house until they can compare again. But this agreement rarely goes well.The scammer income increases so that the owner can not afford it. And the victim ends up being evicted from her home.
  • Documents misleading : the owners get a lot of documents with the promise of a loan "rescue" to settle the outstanding account. But in reality give the deed to their homes without realizing it.

Where to Get Help

The Department of Housing and Urban Development (HUD for short) offers free or low cost resources to help homeowners who are struggling to pay their homes. It also provides guidance on how to avoid foreclosure , including links to agencies and HUD-approved housing also has information on other government programs.

Do not hesitate to contact the FBI if you know someone who is a victim of mortgage fraud or know someone who is committing these crimes. The FBI has offices throughout the country and the world and can be contacted at any hour, every day of the year. 

Keywords: FBI, Foreclosure, Fraud, Mortgage

Posted by adam | 0 comment(s)

The singer filed a lawsuit against the real estate firm Prudential California Realty, because, he says, your home has many structural defects that can not live there.

 Pop star Rihanna has just launched a lawsuit against a real estate firmand several companies that designed and inspected his mansion in Beverly Hills, because she says, is so flawed that it is impossible to live there. The singer of "S & M" paid $ 6.9 million for housing in 2009. TMZ.com reports the portal during a storm in 2010, water leaked in several rooms , from a balcony does not have a proper pitch and drainage.The lawsuit alleges that the damage left the house in a "habitable "and that the company remodeled his house has not made ​​the necessary repairs. Rihanna is suing the former owner of the house, inspector, real estate agents involved in the sale, and engineers who worked on the house. 

Keywords: Homes, Luxury Homes, New York, Real Estate, Rihanna

Posted by adam | 0 comment(s)

July 05, 2011

Remember when your Dad said "Always buy Real Estate! It never goes down"
Well, This is the second generation in North American that is observing the endless slide of their equity from their homes and potentially retirement funds. I know that in Canada, from the statistics that I have read, most people of retirement age have no addition income nest eggs other than their primary residence.
So what changed? What changed the dynamic about buying a house and living debt free in North America? Have our houses become chequing accounts for revolving Home Equity Lines of Credit [HELOC]?
This post from Seth Godin set me to thinking about how our economies are intertwined and how we have moved from a manufacturing to information technology business models. [Seth calls them Attention Business]

Paying attention to the attention economy

Most of us are happily obsessed with the economy of money. We earn it and we spend it and we generally pay attention to what things cost.

Certainly, salespeople and marketers are truly focused on the price of things, on commissions and shelving allowances and net margin and the cost of goods sold.

With all of these easily measured activity, it's easy to overlook the fast-growing and ever more important economy based around attention.

"If I alert my entire customer base, how much will this cost me in permission?"

"How much time do we save our customers with a better written manual?"

"When we fail to ask for (and reward) the privilege of following up, are we wasting permission?"

"Does launching this product to an audience of stangers waste the attention we're going to have to buy?"

Attention is a bit like real estate, in that they're not making any more of it. Unlike real estate, though, it keeps going up in value.


What did [Seth] say at the end? Unlike real estate, attention keeps going up in value.
This is a dynamic shift in economic thinking. I was always taught; own real estate and you will gain equity. Now we have a model [albeit currently in the United States ] where values have been sliding for the last 5 years.
Economists and Statisticians are on both sides of the real estate bubble and housing crisis. Some say the bubble does not exist. Others are screaming about the cliff we are running towards. Yet Toronto has not had the same double digit annual growth in prices seen in many North American cities; we continue as a [Toronto GTA] destination for immigration, education and employment. We are a safe haven from politics and debt mismanagement compared to other world governments.
But can we be truly immune?
Add your thoughts, Make a comment...

Keywords: Accredited Senior Agent, Canada, Confidence, David Pylyp, Home Ownership, Housing Crisis, Nest egg, Ontario, Pensions, Price Bubble, Seniors, Toronto, Toronto Realtor, Vancouver

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October 24, 2010

There are several responsibilities you have to take on when you are selling your house. From simple clean ups to major touch ups, you have to make sure that your Miami Beach real estate property is properly ready when the sale comes. All these renovations are made to target interested buyers and urge them to make an offer. But not all updates are good for your home—or your wallet. Be sure to avoid the following to avoid getting into a money pit.

Home office 

Nowadays, more and more people are getting into home-based employments. But adding a home office to your home just to go with the trend may pigeonhole your search into a few interested and appropriate buyers. You have to make sure that yourMiami Beach real estate property is friendly to all types of buyers—home-based workers or not. Instead of turning that extra room into a full-fledged office space, why not clean it up, repaint it and just leave it be for the next owner to decide? 

Extravagant bedroom 

Of course, everybody wants a luxurious grand master suite. However, this is one of the most expensive renovations you can do to your Miami Beach real estate property—and not all buyers are privy to extravagant bedrooms. This option, though, depends on the location of your property. If your home is located in a posh neighborhood, this might be a good idea. Nevertheless, researching the norms and the buyers’ wants is a crucial consideration before making your final decision. 

Be careful in creating an upscale master suite. It may be pleasant to sleep in a room where there is a sitting area, large master bath made from the best materials, large custom bookcases, big walk-in closet and magnificent fireplace but you won’t certainly regain the cost once you sell the home. But if your house is located in a particularly posh area filled with luxury estates, it may be worth it. 

Overly designed kitchen 

Any buyer is attracted to the stainless-steel beauty of kitchen appliances. Many homeowners prefer to renovate their kitchen to meet the common need of many buyers. But taking it to the extreme may be a bit too much for your wallet. Before you exhaust the staging funds for your Miami Beach real estate property, make sure that you still have enough left for other important selling musts before upgrading your kitchen appliances and your entire kitchen. 

Mark Michael Ferrer
Miami Beach Real Estate

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There are certain crucial elements involved in homebuying that you must always look into when buying a property, including Miami condos. Like when choosing a property, you have to know which of them stands out and which of those you have to choose. And to help you if the unit you are considering on buying is indeed the right one, here are some things to consider.

Picking out the right location 

Location is the most important initial consideration when buying a home as well as condos. You may have seen several attractive Miami condos during your search, but if the location is plagued with a number of distressed homes, you might not have the opportunity for a great resale. Even from another standpoint, functionality is also crucial when searching for a location. Whether you are planning to start a family or moving in because of work, the location must work for you and not the other way around. 

You should also avoid typicality when choosing Miami condos. The features of the condominium you are about to choose should stand out. This will certainly increase the livability as well as make you actually like the property. And if you are planning for a resale in the future, these features will certainly boost the value of your home. Regardless of what type of features you are looking for, make sure that it adds something more than cosmetic quality to the entire property. 

The condition of the building 

Aside from the location, the age and condition of the building are also crucial considerations. This is especially true if you are considering on buying older condominiums. Although these condos have their own appeal, you must make sure that it is well updated and well maintained by the building’s managing body; otherwise you might just find yourself spending more to renovations than what you had foreseen. 

Remember to do your research 

Although Miami condos have unique features of their own, there are certain aspects that make them the same with single-detached homes. You must always choose a community with a good homeowners association. This is one of the main factors to consider when buying a condo. You have to make sure that the property has a well organized managing body in order to avoid any potential financial problems in the future. So always remember to do your research first before sealing the deal. 

Mark Michael Ferrer
Miami Condos

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Not everyone can afford huge mansions or acres of lawns or even multiple swimming pools, but many have the capacity to purchase condos. Many buy condos as part of their retirement plan; they usually let the condo be rented and have it pay for itself in the long run. But in order to do that, buying a condo in an excellent resort location, like Miami, is the right choice. However, before buying any Miami luxury condo, never forget that there are common mistakes that you should avoid in order to do this thing right.

Skipping the research 

You should not forget to do your homework. Buying Miami luxury condos is different from buying other properties. Keep in mind that knowledge is power and knowing everything you can not only about the property but also of the market is crucial. And if you are looking for resources, look no further than the internet. 

Not choosing the right location 

When choosing a location, it is very disadvantageous to choose the wrong one. Even when you are searching for Miami luxury condos, always remember that the place is part of the process and is one of the main features of the property. Look at it as a long-term investment. In the end, the perfect location of your property will provide the most excellent benefits for your resale decisions. 

Aesthetics over functionality 

Although aesthetics are a big part of choosing the right property, functionality is also another. Many people who are looking for condos often get blinded by excess and luxury of these properties. Don’t let the outside features get in the way of what the property should be all about. You are looking for a place to live in, which means that you are also looking for functionality. Always think about your family or even your plans for the future when searching for a property. 


Impatience is never a virtue when it comes to buying condos in Miami. You have to always think about the number of homes currently available in the market. There are many attractive homes in the city but not all of them will make the best choice. Make sure that you are willing to spend some time searching for the right home and avoid making any hasty decisions that you might regret in the future. 

Mark Michael Ferrer
Miami Luxury Condos

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The economic highlight was placed on the housing market for the past years. But because of the distressing conditions of the housing market, many have refrained from purchasing real properties—the same goes for sellers. Fortunately, the real estate arena has been silently showing signs of life in most states especially Florida, and in the city, the Miami real estate market is definitely getting a lot better.


With only a superficial look at Florida’s housing market, it is typical for buyers to conclude that the market is taking a nosedive for the worst. However, experts have revealed that the sales of homes in the Miami real estate market are beginning to take flight and projected to stabilize in the near future. 

The sales of properties continue to rise as many homebuyers looking for affordable homes from all over the country flock to purchase homes in the city. Miami real estate properties are just some of the few homes in the state that offers such tremendous advantage for buyers. 


The positive news can be attributed to the decreasing prices of luxury properties, which constitute a larger share in the market, and the declining presence of distressed properties entering the housing market. 

Those searching for properties in Miami would be glad to know that the average prices per square foot have become significantly more affordable than in the past years. There are currently thousands of available homes in Miami. Of course, these prices are subject to the location: More expensive neighborhoods of the city often offer luxury homes that are pricier than others in the housing market. 

Property listings 

A huge chunk of the Miami real estate market is occupied by distressed or foreclosed homes. However, amount of foreclosure listings in the market is slowly starting to decrease as bargain hunters start buying more and more properties. But even if foreclosures have a good share of the slots, apartments, condos and luxury homes in Miami also occupy a substantial space in the market. The positive decline of foreclosure properties only suggests that things are looking since sale prices are going to drop, and definitely affect the prices of other properties available in the market. This only shows that the housing market of Miami is definitely getting a whole lot brighter than those found in other places in the country. 

Mark Michael Ferrer
Miami Real Estate

Posted by Mark Michael Ferrer | 0 comment(s)

Florida is one of the leading real estate markets when it comes to improvements and stabilization. Many property listings are available monthly, and most of them even sell fast. If you are looking for affordable properties, Florida is an excellent market to check out. Especially if you are in the market for Miami luxury homes, you will notice a good amount of affordable luxury properties in the listings. But before closing a deal on any property, there are some things you need to consider first if you want to get your money’s worth.

Choosing a neighborhood 

Miami luxury homes are more often than not located in safer sectors of the city. This doesn’t mean, though, that you should skip checking out the location yourself. Always be a smart homebuyer and look at all the aspects involved in buying a luxury home in Miami. Exclusivity, privacy and security are just some of the things you need to consider 

There are a number of upscale neighborhoods in Miami that you can consider. Coral Gables, for instance, is one these neighborhoods. Located along Biscayne Bay, Coral Gables boasts some of Miami’s cleanest public areas. Brickell Avenue is another. This excellent location is suited for those in the market for beachfront luxury homes in Miami. Other places that you can look into for your search of Miami luxury homes are Coconut Grove, Key Biscayne and the popular Miami Beach. 

Knowing your financial standing 

After choosing the right neighborhood, the next step is to know how much you can afford. It is also important to determine just how much you are willing to spend on a property. Even if money is no object, you must always think about your future plans and make sure everything else is covered. 

When evaluating your finances, remember to include several other factors including, among other things, insurance and taxes. And if you are working with a real estate agent, which you should, this would be tremendously easier to handle. 

Looking for the right agent 

Hiring a real estate agent is one of the most important parts of buying Miami luxury homes Since you are looking for luxury homes in Miami, it is only obvious to pick out an agent have the right specialization in dealing with such properties. A well-connected agent, someone with extensive network, is also another great choice when buying expensive homes. 

Mark Michael Ferrer
Miami Luxury Homes

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Miami homes for sale are a plenty in the city. This is the reason why more and more sellers find themselves struggling to catch the attention of buyers. The competition in the selling market is harsh. As a seller, you must always be prepared for the worst and come equipped with enough measures to cover ground and see the selling process through.


Staging is the first important requirement of placing Miami homes for sale. Although you do not need to pull out all the stops with the matter, you must at least make sure that your home is attractive to the buyers are plan on targeting. 

Nowadays, owners of Miami homes for sale settle for simple decluttering and cleaning. This is the most affordable way of staging your home. But if you think you can still improve your home and if the improvements will boost the selling value of your home, you can consider planning for them and preparing enough funds to make them a reality. Nevertheless, make sure that you are not going too far with your staging. Research the neighborhood’s norms in terms of design first to avoid deviating from the common features of your location. 

Marketing techniques 

Marketing is also a crucial aspect of selling homes. You must prepare a good chunk of your selling funds to this sector. These days, your for-sale sign in the front yard will not do. Although this might make your home visible to any passing buyers, you must still consider taking it to the next level. 

There are several ways to market your home. You can use both online and offline techniques. Setting up your website or listing your homes to Miami real estate websites are the best options for internet marketing since buyers are also using the web for their homebuying needs. And posting for-sale posters around the neighborhood and the city might also boost your home’s visibility. 


The real estate agent is also a tremendous help for owners of Miami homes for sale. Not only can they increase the market visibility of your home exponentially but also aid you in dealing with buyers. As you know, buyers these days are quite demanding. You must also be prepared with your own contingencies and having an agent to help you go through the buyer’s demands will be a great help in the process. 

Mark Michael Ferrer
Miami Homes for Sale

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There are a lot of reasons why Miami Beach luxury homes are deemed sought-after. First, they provide a sense of prestige to owners. They are also teeming with a slew of features that you would not normally find in other types of properties. So if you are planning to buy a luxury home in Miami Beach, here are just some of the things you need to consider first before searching for your ideal home.

The features 

The features of the Miami Beach luxury homes are vast and diverse. There are homes with expansive swimming pools, while others with their own docks and immediate beach access. You must always consider the things you are looking for in a home before checking out the market. This will not only help you save a lot of time but also make sure that you end up with a property that you yourself have chosen based on your preferences. 

This is also important if you are looking for Miami Beach luxury homes with specialized amenities. Not all properties are equipped with a theater system or a basement bowling rink. Defining your personal preferences and features first will surely help you find a home that will fit your vision of your ideal home. 

The location 

The location is not a difficult problem when it comes to luxury homes in Miami Beach. These homes are located in some of the most desired addresses in the city. But the diversity of these places may become quite a challenge for eager buyers. 

The main thing you have to consider in this matter is your own preferences. For starters, you must think about your motivation in buying a home. Are you planning to expand your family? Aside from space, you must look for a home in a secured and private location. But if you are planning to retire, a place where you can actually enjoy the resort will be the best option. 

You future plans 

Many buyers may still find Miami Beach luxury homes lacking the things they want. If, for instance, you haven’t found a home or a property with the specific features you want, settling for a house with ample space for improvements and renovations will be the next best option. Still, you must think about the financial ramifications of your future plans. Money is a big deal when it comes to renovating and improving luxury homes. Be sure you have enough financial cushion to rest on later in the process. 

Mark Michael Ferrer
Miami Beach Luxury Homes

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