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John Bourassa
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Direct: (954) 529-5505

Office: (954) 396-5900



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RE/MAX Preferred
2810 E Oakland Park Blvd Ste 200
Fort Lauderdale, FL
(954) 396-5900


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NEW REAL ESTATE WORD: CASHTRATION

Thursday, November 4th, 2010

 Cash-tra-tion (n.): The act of buying a house, which renders the subject financially impotent for an indefinite period of time.

REMEMBER TO VOTE TOMORROW

Monday, November 1st, 2010

Everyone knows that tomorrow, Tuesday November 2, 2010 is the Mid-Term Elections. 

What does voting has to do with real estate?  It has lots to do with real estate.  There are zillions of laws and regulations affecting real estate: government taxes, municipal taxes, our schools, our parks, our streets, our neighborhoods, our police, mortgages, etc… 

Your vote will make a difference and will be part of ”the solution”, a solution or your solution.  And, if you think that all candidates are crooks, then, vote for the least crook of them all BUT VOTE!!!.  If you don’t vote you are part of  ”the problems”.   Non-voters are wimps, cowards and lazy but they are the first ones to benefit from the system, bitch at it and demand more from it. 

See you at your local voting hall tomorrow bright and early!   

ARE FORECLOSURES OR REO’S PRESENTLY SELLABLE?

Friday, October 29th, 2010

 http://www.cnbc.com/id/39909157/

Click on the above link for an article appearing today in MSNBC describing the horror story now going on between foreclosing Lenders and the Title Insurance Industry.

Earlier this month, I took up this problem with a major title insurer in our Fort Lauderdale market….who wishes all their cases were Bank of America, since that Lender gave Fidelity Title Insurance Company, his parent company, a blanket warranty of title for all properties they foreclose!  He did not yet have an answer on what his company would do if the property was not foreclosed by Bank of America.

This could make all unsold REO’s non-saleable, except a sale to a less than knowledgeable Buyer that is willing to accept the risk of an invalid title, if that appears as an exception on Schedule B to Title Policies because
foreclosing Lenders deeding the property would not guarantee the insuring Title Insurance Company against this risk.

This MERS caused mess continues to be a tremendous problem;  Lenders that developed and funded this MERS system, are apparently now having 2nd thoughts about its legality, because even they appear to be reluctant to
guarantee subsequent Title Insurers, and therefore REO Buyers, of good title.

In my view, the Title Insurers and the American Land Title Insurance Association, are correct in their believe there is a legal risk that the REO lender may not have acquired good title by foreclosure.  The Uniform Land
Transactions laws, in my view,  have been quite clear on this for centuries: Mortgages, and any subsequent Assignments thereof,  must be recorded in the County’s land records, and notes setting forth the requirements for repaying that mortgage, must be endorsed to the mortgage assignee.

While this plays out, what will Lenders do with their foreclosures and their subsequent REOs?  Are we, Tax Payers, to pick up that tab to bail out the banks for their deliberate screw-up? 

I am not sure who is worse anymore: The Mafia’s bullyish scare tactics or the Lenders devious administrative practices?

All this could have been avoided if Lenders would have followed the laws of mortgage records and foreclosure procedures.

UNRETIREMENT – WHAT?

Wednesday, July 21st, 2010

I received in my email today an advertisement promoting to sell homes in a 55+ UN-RETIREMENT community.  I took a double read to that but, the heading was correct - it really makes sense.

There was a time when 55+ years old people were “old” but today the lower seniors are health coscious and live much longer healthy and hyper-active lives, way past the national average living expectancy (78 years old for men and 80.5 for women).

The reason for that is attributed to the fact that here in Fort Lauderdale and Southeast Florida, seniors are fueled by the constant sunshine,  No more walkers or scooters.  They don’t sit around on their laurels all day long waiting for the bus to take them to their doctors’ office. 

They begin their days crowding the beach sidewalks for a sunrise health jog; then, they meet friends out for breakfast or at coffee shops; then, they go for swims, golfing, bicycling, work on their house gardens, go out to lunch with another set of friends, go shopping in the afternoons, or go fishing, go out to cocktail hours, dinners, dancing and finally to bed… (I am exhausted already) to start all over the next day.

So, what are you waiting for?  Come to Fort Lauderdale to UN-RETIRE.  If seniors get bored in Fort Lauderdale, it’s their fault.

John Bourassa, Realtor with RE/MAX Partners selling luxury homes and condos in Fort Lauderdale, FL.

Call my “Sell” phone (954) 529-5505

I AM YOUR HOME FINDER

Friday, July 16th, 2010

They say “There is a someone for everyone“.  But, if one can’t find that special someone on his/her own, there are plenty of sophisticated and very popular Internet Dating Services like eHarmony or Zooks, or Plentyoffish.com (I’m not gonna touch that last one) and a surfeit of other lonely heart sites everywhere.  Their popularity is overwhelming; that new industry is extremely lucrative.

Therefore, I am announcing the launching of my own LUXURY HOME FINDING  DATING SERVICE CALLED ” THE FORT LAUDERDALE LUXURY RESIDENTIAL COLLECTION DATING SERVICE.” I specialize in matching Sellers and Buyers together to a successful relationship that will lead to a happy closing.

John Bourassa, Realtor® with RE/MAX Partners specializing in matching Buyers and Sellers together in the Fort Lauderdale Beaches and vicinity.  Call my “Sell” phone ((54) 529-5505.

 

TIMING IS EVERYTHING

Wednesday, July 14th, 2010

A photographer took this amazing picture of birds in flight delivering a smile formation flying towards a colorful sunset background as if the birds’ intention was deliberate to say:

“We hope you’ve had a nice day!”

 

John Bourassa, Realtor® selling luxury homes and condominiums along fort Lauderdale Beaches, the Intracoastal Waterways and downtown Fort Lauderdale.  Call my “sell” phone (954) 529-5505

WHAT MAKES A HOUSE A HOME?

Monday, July 12th, 2010

The late John Denver described it best in his song “Back Home Again”.

“It’s the sweetest things I know of,  just spending time with you. It’s the little tings that make a house a home like a fire softly burning, supper on the stove and it’s the light in your eyes that keeps me warm.”

Listen to the entire song:  YouTube Preview Image

In Fort Lauderdale, we have houses that give you that same longing “home” feelings.

John Bourassa,  Realtor® with RE/MAX Partners serviceing Fort Lauderdale Beach.  Call my “Sell” phone (954) 529-5505

 

COME DOWN TO FORT LAUDERDALE TO COOL DOWN!

Friday, July 9th, 2010

Well, well, well.  Who is cool now?  Fort Lauderdale, Florida is.

The Northeast of the United States has been suffering a record breaking heatwave averaging nearly 100°F each day for the past five days with relative humidity in the low 90 %.

I am glad to report that today in Fort Lauderdale we are presently enjoying a 87°F with a 67%, according to the National Weather Bureau. 

Northeners think because we average 82°F in Fort Lauderdale, FL  during winter months that the temperature shoots up to 125°F during the summer months – WRONG!

Another reason why Northeners should move down here permanently.

John Bourassa, Realtor® with RE/MAX Partners servicing Fort Lauderdale Beaches and luxury residential homes.  I am your HOMEFINDER, Call my “Sell” phone (954) 529-5505.

 

National Flood Insurance Program (HR5569)

Thursday, July 1st, 2010

Florida Realtors® News reported this morning that in addition to Congress extending the homebuyer tax credit closing deadline from June 30, 2010 to Sept. 30, 2010, the  U.S. Senate also passed another bill last evening previously passed by the House.  Congress once again reauthorized a short-term extension for the National Flood Insurance Program to Sept. 30, 2010. The bill, HR 5569, makes the program retroactive to May 31, 2010, the date the program went on hiatus.

Both bills, however, still need President Obama’s signature to become law, but that’s expected to happen quickly.

John Bourassa, Realtor® servicing Fort Lauderdale Beaches, FL.  Call my “Sell” phone (954) 529-5505

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Ask Jeeves? NO! Ask John Bourassa, Realtor®

Wednesday, June 30th, 2010

Being  a Realtor® goes way beyong taking customers out showing properties, or listing properties, or knowing the laws affecting real estate or having a good understanding of financing. 

Realtors® are also neighborhood experts, the ”know-it-all“ with a wealth of resourceful information.  When working with either a buyer or a seller, Realtors® are always asked where to find this and that or “Can you recommend a handyman, a painter, a plumber and electrician,  a mortgage broker,  a mover, a title company, a babysitter, as petsitter, a motel or hotel, a restaurant” or every imaginable recommendations or advice.

When I am asked for recommendations, it one of the highest compliments I could ever receive.  It means that I have established a strong rapport of trust and confidence with my customers and friends.  In return, I recommend those specialists whom I know will deliver the best services to those people because if they perform well for my customers, my customers will tell all their friends that I am not only an excellent real estate agent but that I am also exceedingly resourceful and reliable.

Referrals is what kept me alive as a real estate agent through the real estate meltdown of the past four years.   I work towards “win-win” relationships with my customers.

Thank you.

John Bourassa, Real Estate Agent servicing Fort Lauderdale Beach with RE/MAX Partners.  Call my “Sell” phone (954) 529-5505

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