Florida mansion is largest home for sale in the U.S., and its up for sale at just $75M …

This “As is” purchase is a massive Florida home that spans 90,000 square feet. It has a whopping 23 bathrooms, 13 bedrooms and 10 kitchens. It boasts three sparkling pools, a 20-car garage, two tennis courts and a baseball field.

Oh, and did we mention, the owner calls this home “Versailles”?  And that the brochure brags that it’s a “monument to unparalleled success”?

For a house like this (its the largest home for sale in the United States), it’s no surprise that the asking price is in the millions – $75 million to exact, the Associated Press reports.

But there’s a big catch: This Florida mansion isn’t even finished, as the home’s owner, timeshare mogul David Siegel, stopped construction amid the recession.

So you’ll pay $75 million to buy it “as is” – and that means no carpet, no tile and no interior walls.

Source: http://www.nydailynews.com/real_estate/2010/06/22/2010-

Are you in over your head and experiencing unsuccessful attempts to get your loan modified, are you worried that foreclosure will have a negative impact on your credit score?

Well starting April 5, 2010, you may qualify for the HAFA (Home Affordable Foreclosure Alternatives) the presidents new plan is a directive by the US Treasury Department that will encourage banks (by paying them $1,000) and homeowners (paying them $1,500) to move if they sell their home for less than they paid for it, through a Short Sale. The program refers to the money for homeowners’ ass “relocation assistance.”

The basic benefit of this program to homeowners is they would avoid foreclosure that would impact credit scores negatively by causing a drop by as many as 300 points and prevent many from buying another home for years to come.

The Bank benefits because they could get more for the property than in a foreclosure situation.

Overall benefits would slow the decline of Property values in the surrounding neighborhoods while reducing crime and vandalism of vacant bankowned homes in communities.

Eligibility requirements:

1. Homeowners need to first go through the HAMP program to apply for a loan modification.
2. Home is a principle residence.
3. Mortgage originated prior to Jan. 2009.
4. Mortgage is owned or guaranteed by Freddie Mac or Fannie Mae.
5. Borrower is delinquent or will be in the foreseeable future.
6. Homeowner has a hardship.
7. Borrower’s total monthly housing payment exceeds 31 percent of gross income.
8. Unpaid principal does not exceed $729,750

CNBC,  NY TIMES,   

Only 48 days before the 1st time home buyers tax credit expires

The widely popular tax credit is about to expire and this time I think its final, there hasn’t been a peep of talk about another extension in the news. All buyers should have sales contracts completed by April 30th, meaning that if you are at all considering buying a home to take advantage of the up to $8000 Federal Tax Credit you must be sure to have a fully executed purchase agreement in place by this date to qualify for the credit (You have until June 1st to close). Currently we have not been told of any exceptions or loop holes, so don’t delay, contact your Real Estate agent today!

GoodSearch.com a search engine that donates to your favorite charity each time you use it!

Archor Center -Atlanta

Are you looking for a great way to give back?  Well here’s a new easy way to raise money for your favorite cause. Just start using GoodSearch.com powered by Yahoo! as your search engine and they’ll donate about a penny to your favorite cause every time you search! In addition, do all of your shopping through their online shopping mall, GoodShop.com, where you can shop at more than 900 top online retailers and a percentage of your purchases will go to the charity or school of your choice. You pay the same price as you normally would, but a donation goes to your cause!

Here’s the web site — http://www.goodsearch.com. You can also read about GoodSearch in the NY Times, Oprah Magazine, CNN, ABC News and the Wall Street Journal.

Remember, every penny counts and we all know how fast they can add up. I’m currently supporting Achor Center, Inc. located in Atlanta, GA. The center provides transitional and permanent affordable housing for single homeless women, women with children, seniors, and grandparents raising grandchildren.

For more information visit www.achorcenter.org

ATLRealtorChic

Beautiful Lake Community has everything!

This 5 bedroom 3 bath home has a huge master suite that features a spa bath with Jacuzzi jetted tub, a formal living and dinning room, 2 story family room w/soaring windows, all on a full unfinished basement.  You will enjoy this family oriented community that 5 recreation centers all with swim and tennis as well a fully stocked lake for year round fishing! $190k!
Home Qualifies for:
* Federal Tax Credit (Not a loan, no repayment required)
~ $8,000 for First Time New Homebuyers ~ $6,500 for those who owned a home in the last 5 or more yrs and are trading up
*State Tax Loan (A loan repayment required over several years)
~ $1,500 for First Time New Homebuyers

contact me for more info: atlrealtorchic@yahoo.com

Get Cash back when purchasing your next home!

Hey Everyone! Did you know that there are lots of programs out there to assist with purchasing your next home?  Here are a few:                                                                                     

 * Federal Tax Credit (Not a loan, no repayment required)                                

 ~ $8,000 for First Time New Homebuyers

 ~ $6,500 for those who have owned a home in the last 5 or more and are trading up

*The Department of HUD has great incentive for those buying in Ga,       

 ~ $100 down payment                                            

 ~ Plus $1000 Buyer Allowance 

*State Tax Loan (A loan repayment required over several years)

 ~ $1,500 for First Time New Homebuyers

*Various GA. County Down payment Assistance Programs

 ~ $3,000 – $5,000 (Not a loan, no repayment required)

Contact me for details: atlrealtorchic@gmail.com

BREAKING NEWS ~ BREAKING NEWS

Just Signed into Law the Extension of the $8,000 Tax Credit for First Time Buyer’s through June 30, 2010, June 30, 2011 for members of the armed forces who are out of the country for at least 90 days and the bill has been upgraded to include a new $6,500 credit for homebuyers who have been in their current residence for the last five years or more and are trading up in size. The income limits were boosted, with a cap of $125,000 for single buyers and $225,000 for couples. Contact me for more info and how you can take advantage of these wonderful programs now!

atlrealtorchic@gmail.com

Source: ABC NEWS