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Panama City, FL Real Estate News

By Shayne Fowler
(CNN Mortgage)
REMINGTON FINANCIAL GROUP, INC.    We have immediate access to capital for the following deals: •·       New construction, 70-90% complete, and the bank can't continue funding the project •·       Existing income producing properties where the bank loan has matured, the bank can't rollover or extend the loan, and the principal is unable to refinance the loan    Our investors and lenders require the following:  •·        Solid developers and/or owner operators •·        Banks willing to accept payoffs at a discount of 20-50%    Typical deal structure: •·        Investor or lender will buy or payoff the loan from the current bank at a discount •·        They will take an equity position in the project and if new construction, provide the funds to complete the project •·        Current pri...
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By Shayne Fowler
(CNN Mortgage)
REMINGTON FINANCIAL GROUP, INC.    We have immediate access to capital for the following deals: •·       New construction, 70-90% complete, and the bank can't continue funding the project •·       Existing income producing properties where the bank loan has matured, the bank can't rollover or extend the loan, and the principal is unable to refinance the loan    Our investors and lenders require the following:  •·        Solid developers and/or owner operators •·        Banks willing to accept payoffs at a discount of 20-50%    Typical deal structure: •·        Investor or lender will buy or payoff the loan from the current bank at a discount •·        They will take an equity position in the project and if new construction, provide the funds to complete the project •·        Current pri...
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By Lynn Boyd, Realtor - Your Panama City Florida RE Specialist
(The Payne Group - Keller Williams Success Realty )
You know, it always feels good when you've helped someone find the perfect home. It also feels good when they acknowledge your efforts and time spent with them. I was working with a young couple recently, a referral from a previous client, that were the perfect customers. You know the ones that not only listen to your advice but actually follow it.  They totally surprised me with this text one day:   Customer text message: Hey Lynn we were sitting here at lunch and just wanted you to know that we appreciate everything you have done and are doing for us. Thank you for keeping us up to date and informed on everything going on. We really owe you bunches for all that you're doing. My response: Thank you! Y'all make my job easy! Customer text message: I don't know about that! LOL! We can be ...
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I recently met a buyer who shared a GREAT story about how the tax credit helped him and his girlfriend and I wanted to share it with everyone. If you are a first time homebuyer who is still worried about whether or not this is the time to buy maybe this will help you see just how GREAT a time it is to buy a home for reasons other than low prices and low interest rates. I met a guy who recently bought a home and unfortunately for me, I was not the buyers agent however, I felt his story was one that needed to be shared. Mr. Buyer and his girlfriend decided to take advantage of the buyers market after renting for several years. They found a WONDERFUL house in a GREAT neighborhood and with their low interest rate, they're mortgage payment was VERY comfortable for them. They both had good jo...
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By Cathy McClellan
(Today's Homes Real Estate, Inc.)
Updated Townhouse3907 Molina RdPanama City, FL 32405 Offered at US$114,000MLS Number 384334 Type: ResidentialYear Built: 1987Bedrooms: 2Baths: 2Living Area: 972 Sq. ft. Agent: Today's Homes Real Estate Tel: (850) 265-0464 Fax: (850) 265-1905 todayshomes.realestate@gmail.com More Photos Printable Flyer Map Property on Google Request Appointment Loan Calculator Email Property Property Highlights JUST REDUCED!! BRAND NEW CUSTOM BUILT CABINETS BUILT IN PANTRY PERFECT STARTER HOME Property Description JUST REDUCED!! THIS IS A GREAT DEAL ON A UPDATED TOWNHOME IN VENETIAN VILLA, , SELLERS HAVE UPDATED HOME WITH BRAND NEW CUSTOM BUILT CABINETS WITH BUILT IN PANTRY, GRANITE CABINET TOPS, NEW PAINT, NEW CARPETING, NEW LIGHTING FIXTURES, UPDATED ROOF/SHINGLES, NEARLY NEW VINYL SIDING - STILL UNDE...
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By Jeff Payne, Panama City Real Estate
(The Payne Group at Keller Williams Success Realty)
Looking for the most bang for your buck?  Want the most home for the money?  We have a way that you can buy more home for the money.   It is quite simple.....  choose your neighborhood wisely.  Let me explain.   Recently the City of Cedar Grove Florida dissolved, leaving the city with Bay County.  On the surface, not much has changed but if you are like I am, you will look further to see the monthly savings from living in the county over living in incorporated Panama City or Lynn Haven. Here is how it works..... First let's assume that the home price in Bay County is $275,000 and the assessed value after the homestead exemption $197,500. $200 per month utilities By living in Bay County, the millage rate, (the way your taxes are calculated) is lower than living in the "city".   Also, the...
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By Jeff Payne, Panama City Real Estate
(The Payne Group at Keller Williams Success Realty)
  We just closed on another short sale in Panama City, FL.  This one was a USDA Rural housing loan that took from December 16, 2008 until last week to close.  We had approval to close in less than 60 days.   Short sales are nothing more than a process and we have a great system to process short sales. If you need help with your Panama City, Lynn Haven, Panama City Beach home, call the Payne Group today.  We can help!!!   For more short sale information, visit www.ShortSalesinPanamaCity.com     To view all listings all the time...  www.KnowPayneKnowGain.com Jeff Payne, Broker Associate/Short Sale SpecialistKeller Williams Success Realty850-392-1770 Email ThePayneGroup@kw.com to be put on our foreclosure alert list
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By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
An associate of mine has recently been focusing diligently on helping home owners in the Panama City area with short sales and asked for some assistance with their new website. Not being one to turn down a request for help, I am pleased to announce a new website dedicated to homeowners in need of assistance during these difficult economic times. The Panama City short sales site and team has information and agents available to help those in need during their time of hardship.  They understand not only the business of short sales, but also the emotional stress many feel when making this difficult decision. If you are a home owner in need, contact them today.  They are here to help.
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By Jeff Payne, Panama City Real Estate
(The Payne Group at Keller Williams Success Realty)
We just closed another short sale and saved another seller from a bad situation.  Everything went just as we planned, contract to close in just over 60 days.  The seller WAS NOT behind on his payment but had a hardship that qualified him for a short sale with his lender.   The seller had a VA loan and his credit was critical due to a security clearance with the military. The VA accepts 82% of the appraised value for their NET and DID NOT CUT THE COMMISSION. Another successful short sale story. To find out more information about short sales in Panama City, check out www.shortsalesinpanamacity.com To be put on alert for new short sales and foreclosures..  www.knowpayneknowgain.com or email ThePayneGroup@kw.com and ask to be put on the foreclosure alert
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By Jeff Payne, Panama City Real Estate
(The Payne Group at Keller Williams Success Realty)
Need to sell your home in the Panama City and Beaches area?  The Payne Group has a proven plan to sell your home.  Our staff is comprised of full time professionals who know what it takes to sell a home in a buyer's market.  We can help you position your home in the market not just "on the market".  Want to know the value of your Panama City Home?  Check out our website at www.panamacityhomevalues,com or visit our main site at www.knowpayneknowgain.com Upside down need a way out?  Behind on your payments and NEED TO SELL?  We ARE the short sale experts in Panama City.  For more information..  www.shortsalesinpanamacity.com To view a copy of our home sellers guide There is only one name you need to know for Panama City Real Estate.................................   Call one of our proper...
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By Jeff Payne, Panama City Real Estate
(The Payne Group at Keller Williams Success Realty)
Buyers want the most home that they can buy for the least amount of money.  The lowest priced home in the best condition is what most are looking for.  Prices have dropped, some are still dropping.  WHEN WILL THE BOTTOM BE HERE?  HOW WILL WE KNOW? That question is easily answered...  We don't know when the bottom will be here until PRICES START GOING UP.  A market shift happens very quickly.  Whether we are going from a sellers market to a buyers market or vice versa, the shift happens FAST.  A neutral market is a very short lived market, most don't even know that a shift occured until months after it happens. BUYERS............... DO NOT WAIT, TIMING THE MARKET COULD BE VERY COSTLY TO YOU.  Even if prices went down again, we do not know what interest rates will be.  A drop in price and...
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By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
The latest newsletter edition is available for download. "Real Estate the easy way" features snippets of my articles and local real estate information. As always, the newsletter requires Adobe reader and some of the features in this edition include: Lease to own options Residential Asbestos Exposure Market Updates Website Updates Recipe Ideas In addition, back issues of the newsletter will continue to be available for download. Sign up today for my email list and receive the newsletter directly to your inbox as it is publsihed.
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By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
ASA has announced they are about to begin seasonal flights from Cincinnatito Panama City. As spring break nears, we expect to see more carriers expand their flight schedules into the area to accomodate the college crowd and their families. Read the full story. In other news, Pier Park to open a Red Robin in spring.
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By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
The January Panama City real estate market summary is now available for viewing and download.  You will need Adobe reader to view the market summary. I've also removed the old "Market summary feature" and replaced it with the "Market at a Glance" feature on the home page for ease of access. I felt the old feature was a bit slow in displaying and this will give everyone a much quicker view of the current Panama City real estate market.
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By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
We are proud to announce that Brenda Rutherford has joined The Panama City Real Estate Team. Brenda brings many years of experience to the team.  Her wealth of knowledge and expertise will help make your next real estate transaction as carefree and easy as possible. When you need an expert in finding your next Panama City Beach home for sale, contact Brenda directly. Brenda Rutherford - REALTOR® Panama City Real Estate Team E_mail: brutherford@knology.net Keller Williams Success Realty 2110 West 23rd Street, Ste. A Panama City, FL 32405 850-596-3699 Cell 850-392-1700 Office 850-392-1709 Fax     Welcome Brenda, we are pleased to have you on our team.  
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By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
On today's economy our budget get tighter and many of my customers are looking for other methods of purchasing a home. One of these alternative methods Lease to own or Lease Option is becoming more common. In maintaining my commitment to my customers in providing them the most complete and advanced real estate information and services available that I am pleased to offer my latest real estate article - Lease to own. Cash or credit challenged potential home buyers may find a lease-to-own agreement an option in buying a home and accumulating a down payment. Seller's experiencing difficulty in today's market may find this option also appealing.  Has your agent suggested this method yet? Read the full article and contact me directly (850) 774-6582 should you have any questions or require ad...
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By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
I am very pleased to announce that we have another new edition to the Panama City Real Estate team... David and Wanda Martinez are the proud grandparents of Angelina Feliciano, daughter of William Feliciano III and Jessica Adkinson. Angelina was born January 20th, at 4:30 p.m. at a healthy 7lbs. 4oz and 20 inches! Here are a few pictures from the Martinez family:                       Congratulations to the ecstatic grandparents.  View more photos of the newest edition.
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By Bonnie Milstead, CRS, GRI, FLORIDA MILITARY SPECIALIST
(Full Sail Realty, LLC)
It's a new day, a New Year and a new administration in Washington!  It's time for renewed hope in our Country.  And hopefully, with a new administration in Washington the media will start talking about positive news for a change!  We need some GOOD NEWS! That said, there is GOOD NEWS for  savvy real estate buyers and many ARE taking advantage of the current buyers market.  There were over 2,400 hundred properties sold in the Panama City and Panama City Beach, Bay County areas in 2008.  Not bad for our quiet, little town!  Okay, that it is a buyers market has been said and said again  BUT as real estate professionals I don't think we can emphasize enough the current  opportunites. The media needs to stand corrected!  You don't have to have a crystal ball to predict the future of the real...
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By Jeff Payne, Panama City Real Estate
(The Payne Group at Keller Williams Success Realty)
We are proud to announce that our team is growing and Lynn Boyd has joined our team as a buyer specialist.  Lynn brings great customer service skills to the team and will be working exclusively with buyers.   She has the skills to find exactly what the buyer is looking for in the shortest amount of time with the least amount of hassle. If you are looking for a full time buyer specialist, contact Lynn today. Lynn Boyd, Buyer SpecialistThe Payne Group at Keller Williams Success Realty850-541-2725 (mobile)850-392-1771 (office)www.KnowPayneKnowGain.comlynnboyd@kw.com (email)
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By Jeff Payne, Panama City Real Estate
(The Payne Group at Keller Williams Success Realty)
We are proud to announce that Mia Pankey has joined The Payne Group at Keller Williams Success Realty.  Mia will be working as a buyer specialist.   Please join me in welcoming her. If you are looking for a home in the Panama City and Beaches area, please give Mia a call at (850) 896-3033 or send her an email at miapankey@kw.com Mia is a dynamo, working full time at her profession. Her clients can always reach her easily and can be assured of a quick, helpful response with the kind of know how that comes from years of successfully selling Real Estate. First year production...21 million, with multi-million dollar production levels in the subsequent years!! Mia will negotiate expertly in your best interest. After twelve years of being a local business owner, Mia has become very familiar w...
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