The world wide web can be quite a important useful resource for studying the ins and outs of getting a home equity loan. It can also be a terrific place to locate a reliable real estate agent, as long as you are careful not to get caught in an online home equity loan scam.

Look out for subprime lending.

Subprime loaning occurs when a loan provider offers to provide you with a loan for an extremely high rate of interest and adds on high costs. Usually these loans are provided to high risk people that are generally so eager for a loan that they donít spend some time to check around for an organization which will help them despite an undesirable credit history.

Beware of equity stripping.

Equity stripping occurs when a loan is based exclusively on the valuation on the home, and doesnít factor in your power to repay the obligation. The typical result of these loans, is a debtor canít pay it back and the loan provider ultimately ends up getting the home and all of the equity from it.

Beware of aggressive loan providers.

Predatory lenders thrive on creating loan scenarios wherein the buyer is destined to default, therefore losing his home. A lot of the signs that you might be dealing with a fraudulent lender include a broker that will require you to put fictitious information on the loan application, apply for a larger loan than you would like, or sign bare loan documents, saying they are completed later. Make sure that you stay clear of lenders promising one set of conditions when you initially apply after which change the conditions when the time comes to sign or refuse to present you with duplicates of your forms when you have signed. Fraudulent lenders frequently misrepresent the type of credit you happen to be being supplied and fail to provide the neccessary loan disclosures.

There are a lot of good reasons to apply for a home equity loan online. The procedure is quickly, easy, and straightforward, as long as you be sure to stay away from the dangers of dealing with dishonest brokerages.

KAREN ANGLE
REALTOR®
Coldwell Banker Schmitt
11050 Overseas Highway
Marathon Fl, 33050
(305) 289-6504 Business
(305) 731-6219 Cell
(305) 743-7012 Fax
1-800 366-5181 Ext 6504
E-MAIL
www.allfloridakeysrealestate.com

Looking for a tropical get-away that does not require a passport? Look at the Florida Keys. Stretching from around fifteen miles south of Miami to less than one hundred miles from Cuba, the Florida Keys offer a multicultural living and vacation experience to fit every budget.

Financing a Tropical Dream

Once reserved for the rich and the famous, a second vacation home can now be part of a smart investment portfolio. Mortgage rates are low, making financing a home in the Florida Keys more affordable than ever. Also, unlike the rich and the famous, the average individual is likely to rent his vacation home out to tourists when he is not using it himself.

Waterfront property is especially popular as a vacation spot. It offers the amenities of the local community – restaurants, attractions, transportation, security – and the beauty of communing with nature. The income from these rentals often covers the entire mortgage, enabling the owner to enjoy a free vacation in the Keys whenever he pleases.

Waterfront property also tends to appreciate in value over the long term due to its lasting popularity. The savvy homeowner of a Florida Keys waterfront vacation home is also building equity while he vacations there and rents it out – equity that can either be cashed in at retirement or lived in on a full-time basis.

Peace of Mind

Ask any therapist. The soothing sounds of the ocean provide the perfect background for relaxation. With a vacation home in the Florida Keys, no tapes or compact discs are needed.

Simply open the windows to enjoy the ocean’s relaxing sounds.

Also, as stress is a significant risk factor in elevated blood pressure, a vacation home in the Florida Keys benefits the homeowner physically as well as mentally.

Stress melts away with the ebb and flow of the tide, with the beauty of the sun rising or setting over the ocean, with the gentle ocean breeze.

One can almost feel his blood pressure lower with the laid back lifestyle. Or, if the need for some company arises, the Florida Keys offer a variety of restaurants, museums, parks, and attractions to amuse and entertain.

Add to the scenic view, soothing sounds, and peace of mind that comes with knowing that. No matter how stressful life becomes, a little slice of paradise awaits. It is a reward at the end of the summer, or at the end of a career.

KAREN ANGLE
REALTOR®
Coldwell Banker Schmitt
11050 Overseas Highway
Marathon Fl, 33050
(305) 289-6504 Business
(305) 731-6219 Cell
(305) 743-7012 Fax
1-800 366-5181 Ext 6504
E-MAIL
www.allfloridakeysrealestate.com

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Florida Beach Towns Beat Big City Stresses

Living in a big city doesn’t always mean instant advantages. Traffic noise and pollution, deadlines set for yesterday, rising crime and insurance rates, and the cost of living index, to name a few: Stresses in today’s cities can overwhelm the senses and well-being of even the strongest. The negative effects of city life can impact all facets of life.

Health
Extended exposure to constant stress reduces one’s ability to withstand disease and permanently damage one’s physical health:
1. High Blood Pressure
2. Heart Attacks
3. Strokes
4. Ulcers
5. Natural Immunity
6. Sleep
7. Teeth and Gums
8. And many more.

But the negative effects don’t stop with just the body. One’s mental health often suffers, as well:
1. Depression
2. Desperation
3. Night Sweats
4. Nightmares
5. Road Rage
6. And so much more.

Friends, family, co-workers, bosses, customers, and even strangers can both affect and be affected by common stresses found in the city. Unless one completely sequesters him- or herself from exposure, there’s really no way to avoid city life stress. But that presents its own stress factor list.

What might be done to reduce those stresses? Move to a quiet, beautiful beach town in Florida!

Calmer Living
Reduction or elimination of major stress factors plays a huge part in improving both physical well-being and mental and emotional outlook. Changing living locations to a slower, calmer, more pleasant environment, such as smaller beach towns on the Florida coastline can vastly improve physical and mental health.

Commutes of minutes instead of hours, breathtaking scenery, and affordable living costs all present themselves in Florida beach towns. Sandy beaches, friendly neighbors and shop keepers embrace peaceful living and incorporate serenity into the way of life along Florida’s coastlines.

From Jupiter to Marlboro to Fort Meyers to Seaside and many more, Florida coastal beach towns offer the potential of reductions in virtually every category–except, of course, increases in peace of mind, relaxation, and overall satisfaction.

Solution
Close to major metropolitan areas or more isolated locations, Florida beach towns gift visitors and residents, old and new, with revised outlooks and reduced stress with peaceful ways of life!

–
Sources:
Web MD, Inc; “How to Cope with Stress: His and Hers Advice,” by Heather Hatfield; reviewed by Brunilda Nazario, MD; June 2005; (c)2005, WebMD; found at: http://women.webmd.com/features/stress-tips-for-men-and-women

Web MD, Inc; Causes of Stress, Information Page; (C)2005, WebMD, Inc.; found at: http://www.webmd.com/search/search_results/default.aspx?query=causes%20of%20stress&sourceType=undefined

Why a Lifestyle Change Can Benefit Your Health

There appears to be a consensus that an urban life style is stressful, expensive and perhaps unhealthy. Cities like New York or Chicago may provide certain economic opportunities, but the question is, at what cost? Most sense that the pace of life in these cities is too challenging and if other living opportunities arise, many are opting for a different (more relaxing) life style. For instance the populations of New York, Philadelphia, Chicago and most other larger urban centers has declined over the period from 1950 through 2000, despite the fact that general population within the U.S. has increased.

How Healthy is City Life?

There may be many reasons for this decline, but chief among them are stress, cost, noise and air pollution. All of these factors have taken a toll on not only the total population count, but the overall well being of the city dweller, as well. A recent book, entitled Unhealthy Places by Kevin Fitzpatrick and Mark LaGory zeroes in on the ecology, sociology and general unhealthiness of urban life. Certainly, virtually anyone with a daily newspaper or seeing the evening news can see the number of deaths attributed to crime or traffic.

While these statistics may actually indicate a decrease, the general perception however, is that living or working in large city is either dangerous or unhealthy. Economic factors also play a role in the population decline. Many city dwellers in years past have fled the large urban centers for the “safety” and relative security of the suburbs. However, urban sprawl has also assailed the safe harbor of the suburbanite and many in suburban areas bordering the city are seeing their taxes and crime spiking upward.

The Effects of a Rise in Stress

This is particularly true of the suburbs surrounding cities like New York or Boston with state income and real estate taxes continuing to rise. With a continuing increase in stress factors, it has been pointed out that many other bad lifestyle choices contribute to a decline in overall health. According to Science Daily.com, “When people are under chronic stress, they tend to smoke, drink, use drugs and overeat to help cope with stress. These behaviors trigger a biological cascade that helps prevent depression, but they also contribute to a host of physical problems that eventually contribute to early death.”

A Change in Location Venue Will Help

How best to address these problems? Many are solving the problem by simply moving away from it entirely, mostly to the southern states. Whether they can find useful work or simply retire is certainly a factor. However, with population growth within the southern states continuously rising, various industries will undoubtedly provide employment for many.  This movement away from urban centers to the south has been occurring over the last several years. As indicated below from 1990 through 2000, the populations of the southern states rose substantially compared with New York and Massachusetts:

• Florida                  increase: 3,044,452             a change of +23.5%
• Georgia               increase: 1,708,237                        a change of +26.4%
• North Carolina    increase: 1,420,676             a change of +21.4%
• South Carolina    increase: 525,309                a change of +15.1%
• New York           increase: 986,002                 a change of   +5.5%
• Massachusetts     increase: 332,672                a change of    +5.5%

Notice that the two northern states listed have the highest overall state taxes. With declines in tax revenues which are tied to the weak economy, these states have imposed even more taxes! So many more northern state dwellers are fleeing southward. Most who have moved southward feel that the move overall was worth it for both health and economic reasons.

Florida’s is a great place to consider.

Many from the north are attracted to Florida for several obvious reasons: no state income taxes, relatively low real estate taxes and the fact that there are real bargains to be found  in real estate. These features makes Florida an ever more attractive place to live and work.

If one is searching for vacation and/or home value, the Florida Keys offer an excellent place to live, work or retire. The Florida Keys, possess a special charm rooted in a history with a perpetual vacation mind set featuring excellent fishing, diving and boating. The Keys is an excellent choice and there are properties to be found whatever your taste and budget is.

Article courtesy of By N. B. Schklair

The Florida keys buying process

Information unique to buying a home in the Florida Keys:
As you may be aware, the environment that makes the Keys so attractive to thousands of people is a fragile environment the requires considerable attention to protect its health and beauty. This fact has created a requirement for close management of all activities that have or might have negative impact on the environment now or in the foreseeable future. The result is a number of “unique to the Keys” regulations and procedures concerning property ownership. They are provided for information purposes to broaden your understanding of what is important when purchasing property in the Keys.

Flood Insurance:
The buyer must determine the insurability of the property against flood damage by seeking the advice of a qualified insurance agent. Structures built before January 1, 1975 (pre-firm) are subject to rules governing substantial and non-substantial improvements to pre-firm structures which may
limit the reconstruction, rehabilitation or addition to the pre-firm structure. Structures built after January 1, 1975 that have enclosures below the Base Flood Elevation (BFE) are typically not habitable. The existence of habitable space below the BFE may require demolition or an increase in insurance premium. Buyers should contact the Monroe County Federal Emergency Management Coordinator or the City of Key West, City of Key Colony Beach, City of Layton, City of Islamorada and City of Marathon to ascertain how these rules may impact on the property of interest.

Coastal Barrier Resources System Act (CBRS):
Certain properties in Monroe County may be affected by the Federal Coastal Barrier Resources System Act or proposed amendments. For information contact the United States Department of the Interior, the Monroe County Planning Department or your legal representative. Property so designated is not eligible for federally subsidized flood insurance as well as other benefits.

Land Use Disclosure:
Due to the unpredictable and constantly changing status of the municipal, county and state regulations for property developments in Monroe County each buyer should contact the appropriate local government department(s) to determine how the subject property may be affected by the Comprehensive Plan and the action necessary to ensure compliance with the plan. Additionally, a property may be affected by restrictive covenants in the form of deed restrictions, Homeowners Association Rules & Restrictions, etc. Every Buyer needs to inquire about them. They also should inquire into state and local governmental zoning and land use regulations and restrictive covenants to determine whether the subject property is in compliance with all state and local government laws, codes and ordinances, and restrictive covenants.

Monroe County Growth Management Division, 305-289-2500
Key Colony Beach Building & Zoning, 305-289-0247
City of Key West, 305-295-1000
City of Layton, 305-664-4667
City of Islamorada 305-664-2345
City of Marathon, 305-289-2501

Monroe County Year 2010 Comprehensive Plan:
The use of the property may be affected by the Land Use Plan, enacted September 15, 1986, revised January/1996, with subsequent revisions due every five (5) years hence or the availability of utilities and sewage disposal now or in the future. The transient rental of single-family residences in I.S. districts has been questioned by Monroe County and regulation by Local or State government may restrict such rentals in certain areas. Properly functioning septic tanks are the minimum permissible on site sewage disposal systems (OSDS). An allocation ordinance exists which limits the number of building permits issued for residential dwelling units. Prior to signing a contract, seek legal counsel or consult with the Monroe County Planning and Zoning Departments. Monroe County is an area of State Critical Concern that heightens the degree of regulation by the State of Florida.

City of Key West Land Use:
The City of Key West has debated the definition of vacation rentals and implementation of legislation to regulate, license, permit or prohibits within the City limits of Key West. If a Buyer is considering renting their property they should discuss the status of this issue with the Key West Planning Dept. to understand its impacts on the Buyer’s proposed use of the property.

Non-Conformities:
Structures and uses that do not conform to uses provided for in the land use category that the property or use is located in are considered non-conforming. Such uses and structures are currently allowed to continue but they are not allowed to be expanded, enlarged or continued if substantially destroyed (more than 50% of the value of the structure). Zoning together with the uses provided there under which do not conform to the future Land Use Designations are considered non-conforming. Furthermore, non-conformities are jeopardized if abandoned. Buyers should seek legal counsel or consult with the Monroe County Planning and Zoning Department to determine whether a property is non-conforming today or may be in the future.

Radon Gas:
Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county public health unit. Pursuant to 404.056(8), Florida Statutes.

Energy Efficiency Rating:
The Purchaser may have the Energy Efficiency Rating of the building determined at buyers expense by a person certified by the Department of Community Affairs.

Concrete Disclosure:
Various concrete structures in the Keys have been found to contain excessive levels of Chloride. This has caused a condition known as spalling which results from the rusting and expansion of steel rebar which reinforces the concrete.

Sewage Disclosure Form:
The City of Marathon and unincorporated Monroe County have taken steps to upgrade to central sewer systems. For questions regarding the timing of the upgrades or estimated hook-up fees, contact:
Monroe County Health Department
3333 Overseas Highway
Marathon, FL 33050
(305) 289-2450 -OR-City of Marathon
10045-55 Overseas Highway
Marathon, FL 33050
(305) 743-0033

Lead Base Paint Warning:
For homes, apartments or condominiums built prior to 1978. Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligent quotient, behavioral problems and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller’s possession and notify the buyer of any known lead-based paint. A risk assessment or inspection for possible lead-based paint hazards is reconverted prior to purchase

Provided as a courtesy of

Karen L. Angle

Coldwell Banker Schmitt Real Estate Co.
Fax #: (305)743-7012
Mobile: (305)731-6219
Office Phone: (305)289-6504
Toll-Free: (800)366-5181 ext. 6504
11050 Overseas Highway
Marathon,FL 33050
karen.angle@cbschmitt.com
http://www.allfloridakeysrealestate.com