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David Podgursky Boynton Beach Realtor

Archives for the ‘South Florida Info’ Category

Equity Lines being Frozen

By David A. Podgursky, MBA • Mar 27th, 2008 • Category: Florida Info, Residential, South Florida Info

If you are a homeowner with a Home Equity Line (HELOC) in Florida you surely know that Bank of America and other banks are freezing  or shrinking your available funds.
In a response to the market drop and shareholder pressure, Banks have decided that the need to keep a handle on the extra debt that they [...]



Invest with Syndicates

By David A. Podgursky, MBA • Mar 15th, 2008 • Category: Commercial, Florida Info, Foreign National, South Florida Info

The Florida Real Estate Market has many opportunities to offer investors that looking to buy low and sell high.  Savvy investors from all over the globe are seeing the low prices combined with good exchange rates on the dollar (for foreign national investors) and relatively low interest rates for mortgage financing as an invitation to [...]



South Florida Developer uses Wildlife as Amenity

By David A. Podgursky, MBA • Mar 10th, 2008 • Category: Development, South Florida Info

As reported in the Daytona News-Journal, Real Estate Developer Bobby Ginn has an innovative amenity to offer in his Tesoro Club single family home community in Port Saint Lucie, Florida… Wildlife!
Most Developers would spend a lot of time and money figuring out a way around dealing with Wildlife on their development land…especially if the [...]



Investment Property buyers need to know…

By David A. Podgursky, MBA • Mar 2nd, 2008 • Category: Commercial, Foreign National, South Florida Info

With the current state of the national and local economies and the decline of the real estate market throughout the state, many home buyers are thinking that now is the time to pick up that first rental property that will lead them to financial freedom and wealth for their retirements.
Unfortunately for most, the fundamentals of [...]



Foreign National Mortgage Market changes

By David A. Podgursky, MBA • Feb 26th, 2008 • Category: Florida Info, Foreign National, South Florida Info

The US Mortgage “Meltdown” has dealt a rough blow to Foreign National Buyers who are trying to take advantage of the weakness of the US Dollar and invest in property in vacation and resort areas like here in Florida.
Lenders have long seen Foreign Nationals as risky, but still offered 80-90% Loan to Value programs for [...]