Real estate scam robs Florida mom of $63K in life savings

A mother of two is speaking out about how she fell victim to a real estate scam that resulted in the loss of $63,000 in savings amid her home buying journey.

Patricia Verlino, a south Florida resident, thought she was making a down payment on her dream home which she had spent years working and saving up for. Unfortunately for her, somebody had seemingly infiltrated the process and used an elaborate scheme to steal the money.

Patricia Verlino spoke with Fox News about her situation, explaining that this is “the worst thing you can go through, it’s so dark.”
(Patricia Verlino)

Patricia Verlino spoke with Fox News about what she described as a “dark” situation, explaining that this is “the worst thing you can go through.”

Verlino worked multiple jobs for years to save up the $63,000 to make a down payment on a condo for her and her daughters.

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Pending home sales surge higher, but economists warn that the housing market could ‘soon hit bottom’

The numbers: More Americans signed on the dotted line to buy a home last month, but the factors that have tested the nation’s housing market are likely to eat into sales in the months to come.

Pending home sales rose 8% in May compared with April, the National Association of Realtors reported Wednesday. Economists polled by MarketWatch had projected a 1% decrease for pending home sales in May.

Compared with a year ago, pending home sales were up 13.1%, but at that time last year home sales activity had fallen amid the onset of the COVID-19 pandemic.

“May’s strong increase in transactions — following April’s decline, as well as a sudden erosion in home affordability — was indeed a surprise,” said Lawrence Yun, chief economist at the National Association of Realtors. “The housing market is attracting buyers due to the decline in mortgage rates, which fell below 3%, and from

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Critics want to change how much real estate agents are paid. Here’s how it works in other countries.

Whenever someone argues that real estate commissions in the United States should be lower, the United Kingdom usually comes up.

So it was no surprise that, when a Minnesota homeowner took the National Association of Realtors to court alleging the association’s rules put upward pressure on buyer agent commissions, the U.K. was mentioned.

On 40-year mortgage may soon be option for some struggling homeowners

Changes to the way commissions are structured are high stakes. Any reduction would impact both the millions of homeowners who sell every year, because they would likely save money, and hundreds of thousands of livelihoods, because buyer’s agents would probably make less per transaction.

For a better understanding of practices in various countries, we sat down with real estate agents from around the world to ask them how commissions — and the services agents provide — differ from place to place.

United States

First, here’s

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Millennial homebuyers losing out on Hudson Valley real estate market

The process of buying a home is daunting enough when you are doing it for the first time, awkwardly navigating mortgage qualifications and showings while working to secure a down payment and the costs associated with closing. But for millennials especially, who are both the largest generation and the largest percentage of first-time homebuyers right now, the path to homeownership can feel maddeningly out of reach, particularly in the Hudson Valley.

Nationally and locally, the pandemic has only made an already-competitive housing market worse. Historically low mortgage rates dropped even lower after the arrival of the virus, and with remote work-from-home options becoming more common, homes in the Hudson Valley are more attractive than ever for New York City buyers. Last year, Hudson and Kingston emerged as the metro locations experiencing the biggest influx of relocations in the country.

According to the New York State Association of Realtors’ May 2021

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AYAT Real Estate Value

Why? Make investments in the present day to reap increased profits in future. Regionally in the Northeast, gross sales had been down 22.four percent, and the regional median gross sales worth decreased to 258,600, a drop of 8.9{b9ed0d702d3ba8e4d01e3cc439346676b0a06aa12874486e48faea11a2aa21df}.

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A developing pattern in the actual estate business is the Actual Property Gross sales Staff. Customers at the moment need to see a wide array of property listings on a real estate web site, but that isn’t all. In addition, they would also like to work together with the property listing in by some means. This would include the power to simply click on on a thumbnail to experience a bigger, better view. They also need to take a virtual tour inside the marketed property. Trendy technology made that buyers count on this stuff to be customary options of actual property websites.Subsequently, the fashionable agent need to … Read the rest

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Actual Property

#four – “As-is” provisions might not completely take away the danger of a suit arising from an undisclosed condition. For example, in Green Spring Farms v. Spring Green Farms, 172 Wis.

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U.S. dwelling prices appear to have turned a corner this spring after a year’s worth of declines, but whether the housing market has actually bottomed out remains to be seen. This danger occurs when a continuous market with many patrons and sellers and frequent transactions just isn’t out there. The tougher it becomes to sell a property, the greater the likelihood that owner must below-promote the property with the intention D’ Real Estate to eliminate the funding rapidly. Typically, it will probably take from six months to a 12 months or more to promote real estate income properties particularly throughout period of weak demand. Now we have seen many cases in recent past … Read the rest

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Homebuyers Looking For Larger Condo

Not solely does this add additional worth to a house, it also provides a potential dwelling buyer extra confidence that the house is structurally sound.

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Taloja- Kharghar may well understand its true potential as a landmine of real property alternatives. The German authorities has not imposed harsher limits on the foreign possession of real estate in the nation. Non-Germans can also buy, own and sell an unrestricted quantity of land and homes. They’ll also maintain property as landlords, and even develop property after satisfying sure simple guidelines and regulations. Patrons from EU nations have an added benefit of entry to residency and labour rights as set out in EU regulation. The Non-EU investors should consult the local embassy relating to their rights in Germany.

With an anomaly recorded between perceived market sentiment and actual gross sales on the ground, we set the document straight on … Read the rest

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Reverse Mortgages In San Diego, Los Angeles And San Francisco California

Circumstances are a bit tougher for consumers, but we have had some success getting people underneath contract right here within the Seattle area; it’s just a matter of getting the best crew working for you.

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I’m a Realtor within the Florida Keys and have been here for 20 years. Ramya Mane is a writer who focuses on property investment,newest residential initiatives,worth tendencies,real estate information,etc. A not too long ago carried out federal housing-market stimulus program designed to encourage short gross sales seems to be doing just the opposite, in line D’ Real Estate with Phoenix-area real-property brokers, title companies and mortgage lenders. When a real estate agent sells your private home, he has a number of properties to focus on and he will not be able to prioritise the sale of your home. As a result, the sale of your property will get delayed.


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Upland Real Property Information

The principle goal for all events in a real property transaction is to have a successful closing. What the investor ought to search for is a rehab undertaking that’s within a solid rental market.

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Expired listing lead companies such as the RedX and LeadSenders present actual property professionals with a continuing gradual of leads from which to develop their business. In Cincinnati, an entry level for heroin heading to Kentucky, the road dealers beckoning from corners call it dog” or pup” or dog food.” Typically they advertise their product by barking at you. Ohio recorded 680 heroin overdose deaths in 2012, up 60 {b9ed0d702d3ba8e4d01e3cc439346676b0a06aa12874486e48faea11a2aa21df} over the previous yr, with one public health advocate telling an area newspaper that Cincinnati and its suburbs suffered a deadly overdose every other day. Just over the Ohio River the image is just as bleak. Between 2011 and 2012, heroin deaths … Read the rest

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Wow! Mortgage Rates Reach Lowest Degree In Virtually 50 Years

Preserving that in mind, it has been witnessed that Delhi and NCR homebuyers are coming to grasp the fact that the courtroom process has turned very costly as well as time-consuming.

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At present, we are able to witness extraordinary increase within the Real Property Sector. Due to the dangers relating to allegations of purported misrepresentation, it could be advisable for a seller to refuse to disclose anything and to refuse to permit patrons to depend upon the vendor for information about the condition of the property. “What are you attempting to cover Angel the Real Estate?” and “Why not simply be honest?” are two typical responses. However, word that there are lots of people who have been sued for alleged misrepresentations who thought have been were completely trustworthy and forthright. If the client feels as though information was withheld, they may allege that the disclosure … Read the rest

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