CITY OF JACKSONVILLE LAUNCHES NEW COMMUNITY INFORMATION SERVICE

I thought those who have home in Duval County, Jacksonville, Florida may find this
information helpful:

CITY OF JACKSONVILLE LAUNCHES NEW COMMUNITY INFORMATION SERVICE



Free service allows citizens to receive local government information through
e-mail and text

The City of Jacksonville recently launched a new community information
service designed to deliver important and timely information to area
residents using the latest technology.

Jacksonville residents are encouraged to take advantage of Nixle by
registering at http://www.nixle.com. A direct link to the
Nixle site may also be found on the City of Jacksonville homepage at
http://www.coj.net

Registering for Nixle is easy. Residents will simply create a log-in by
entering their wireless phone number, e-mail address and the area(s) of town
or address(es) they are interested receiving notifications for.

Residents, business owners and media can elect to receive messages as
e-mails, text messages and/or over the Web. Registrants can also further
customize their accounts to receive secure and reliable messages and
information about only what is most important to them.

The site allows for the immediate release of geographically-targeted,
time-sensitive information and alerts such as road closures, community and
special events, city programs and services, library information, public
safety incidents, as well as, messages from city leaders. In addition,
Nixle will serve as an invaluable tool during times of emergency, such as
severe tropical weather.


Messages are communicated on four levels-Alert (Must Know), Advisory (Need
to Know), Community (Want to Know) and Traffic (Should Know).



Nixle is a secure communications platform that allows only authorized city
staff to send information directly to a subscriber's wireless device and
e-mail. Nixle does not use the information for any marketing or unwanted
solicitations.

In the ever-changing world of communications, Nixle was determined to be a
good fit for two main reasons: cost and security. The service is free for
subscribers (standard text message rates apply) and is offered at no cost to
public safety agencies and municipalities.

It is important to note that Nixle is intended to provide quick and direct
communications but it will not replace traditional methods for two-way
communications with the public. Residents may continue to continue to
utilize www.coj.net and (904) 630-CITY (2489) for
detailed information about city government.

Nixle Background:

Nixle is a community information service provider built exclusively to
provide secure and reliable communications. It is the first authenticated
and secure service that connects municipal agencies and community
organizations to residents in real time, delivering information to
geographically targeted consumers over their cell phones (via text
messages), through e-mails and via Web access.

Nixle has secured a partnership with Nlets (the International Justice and
Public Safety Network), allowing local police departments nationwide to send
immediate alerts and advisories. Privately-funded, Nixle, which has offices
in New Jersey and California, is free to all governments, their agencies and
organizations, nongovernmental organizations and consumers. For more
information, visit www.nixle.com.

Resale Real Estate Market Further Damaged by new HUD Rule

In another move that will further harm the exixting realestate marketplace HUD has proposed to eliminate ALL seller financing unless the seller lives in the home or becomes a licensed mortgage originator. The proposed HUD Rules interpreting the federal SAFE mortgage act can be viewed here. Please review and comment regarding the impact of this broad interpretation of the law.

“In addition to establishing HUD’s responsibilities under the SAFE Act, through this rule, HUD proposes to clarify or interpret certain statutory provisions that pertain to the scope of the SAFE Act licensing requirements and other requirements that pertain to the implementation, oversight, and enforcement responsibilities of the States. HUD solicits comment on the proposed clarifications and on the regulations proposed to be codified.

History:
As you may recall, we lobbied hard last year to maintain the right for individuals to make up to five seller financed transactions per year before being subject to mortgage originator licensing, etc… However, that law was passed subject to the Department of Housing and Urban Development’s (HUD) approval of the law as “compliant” with the intention of the federal law. If any state does not have a compliant law, the SAFE act allows HUD to implement licensing for the state. HUD has since issued proposed rules. In a nutshell, seller financing would no longer be allowed for non-owner occupied homes.

What can you do?:
We learned about the publishing of the rules very late in the process… and the deadline for comment is upon us on February 16. However, we desperately need for thousands of REIA members across the country to go on record with HUD on this issue. We will be working to try to affect this law in other legislative ways, but cannot hope to gain traction unless our members have clearly communicated that they are opposed to this portion of the rules. This is your chance to be counted on this issue.

PLEASE SUBMIT YOUR COMMENTS TO HUD! We have less than one week to flood this system with comments.
Follow these simple steps:

1. Logon to www.regulations.gov You will see two white boxes for searching
2. On the left box labeled “Document Type”, pull the menu down and select “proposed rules”
3. On the right box labeled “Enter keyword or ID”, enter “safe mortgage”. Then, press search
4. Locate the blue search result “FR-5271-P-01 Safe Mortgage Licensing Act: HUD Responsibilities Under ….” To read the rules, click on this title. You will be taken to another page. You will see “views”. You can click on PDF file or another symbol which will show you the rule document online.
5. On the right of the screen, click on “submit comment”
6. Complete the form providing required information and your comments and then submit

What do you say?
Say what you feel, but say it politely! The message should include that you would like the definitions in the proposed rules to be changed so that private individuals can originate and service loans on properties they personally own. Some ideas from others:

• bank loans are not available on some types of properties
• the tight lending climate has made bank financing “out of reach” for many
• seller financing is an “age old” tradition based on private property rights
• these rules would prohibit even partial seller financing – i.e. a “seller second”
• according to HUD’s “Residential Finance Survey” in 2001, roughly 40% of all non-farm residential properties in the US are owned free and clear
• an estimated 6 million Americans own a property other than their own primary residence
• an estimated 4.5% of Americans own three or more properties, many purchased solely as investment properties
• 40% of non-owner occupied residences are mobile homes which are more difficult to sell with bank financing
• approximately 5% of homes in US are for sale or for lease… seller financing may be key to liquidating this inventory

The continued success of our industry as we know it is threatened by these proposed regulatory changes. Please do not hesitate to follow the steps above and make your voice heard.

Rich Dad Education : "free Learn to be Rich™ Workshop"

Greetings to every one who is interested in Real Estate Investing continuous education in Jacksonville Florida!


This week in Jacksonville you can attend free 2 hour seminar "Learn to be Rich™ Workshop" The teachings of Robert Kiyosaki. To register click here



This free seminar is a basic introduction in investing in Real Estate and if you are expecting to get some "secrets" of how to become rich quick, this seminar might disappoint you.

Few things to point out.

First of all Robert Kiyosaki will not going to be there. Some people was expecting to see him in person but he is not attending basic training.

Second. As some of you can expect this seminar is nothing more as selling of another 3 day seminar which will be held in Jacksonville in a month where Robert Kiyosaki will not going to be ether.

Price of this coming up seminar was surprisingly affordable ($500 if you sign up right there after free seminar, otherwise they claim it will be $1,000)You can invite another person for free (and split cost with them).
If I will compare this price to some other 3 day Boot Camps I have attended in the past - this price is reasonable, but the big question is what will be the program and knowledge base they will share.

If you are looking to get basic education about How to buy foreclosure, Short Sale. How to find Motivated Seller, How to wholesale houses or do long term investing this 3 day seminar will be perfect for you.

I can assume that program will be perfect for investors who is thinking about investing in real Estate in Jacksonville Florida or other areas but has not done any deals or done just a few, but for more experienced investors it might be not enough.

So if you are savvy investor and looking for a full training here is a link to Rich Dad Coaching

There few things I liked about this event.
- Few days to chose from (Monday - Wednesday)
- Small room (about 50 - 80 people max)
- Professional Speaker
- Well organized support team.

Short Sale Question & Answer

Q: Can the lender go after my spouses assets for a Deficiency Judgement?
A: They cannot go after you unless you are on the note and mortgage.

answer
Q: Am I personally liable in Florida for more than the home’s value at the time that the loan is repaid if I am doing Short Sale.
A: Florida is Non-Recourse Mortgage State with Anti-Deficiency Statutes.

In a non-recourse mortgage state, borrowers are not held personally liable for more than the home’s value at the time that the loan is repaid. The lender may recoup some of its loss through foreclosure. However, the lender may not sue the borrower for additional funds. If the foreclosure sale does not generate enough money to satisfy the loan, the lender must accept the loss. Each non-recourse state has its own anti-deficiency statutes that prohibit lenders from seeking judgments.

Short sale in Jacksonville, Florida. Is there other options except short sale available?

We Just published a new Special Report called, "5 Ways To Stop Foreclosure in Jacksonville Florida or Short sale, Is there other options except short sale."


Press Release: Short sale in Jacksonville, Florida. Is there other options except short sale available?

Even in good markets average time a typical house takes to sell is about six months. And that’s homes in great condition. Unfortunately, in today’s market, many homes remain unsold for much longer periods of time. Even immaculate move in ready homes sit unsold and often unseen, let alone homes in less than perfect condition.

Especially in today’s economy homeowners often get into situations where they need to sell a house in quickly. For many going the traditional route and working with a real estate agent, or trying to sell the home themselves “by owner” is the only option considered.

This is fine in a strong market or if the home has a lot of equity where the homeowner can dump the property at a heavily reduced fee. But if this is not at scenarios a homeowner must look for different, faster alternatives.


This report addresses Foreclosure or Short Sale situations and more.

The Report also tells how you can quickly sell your home in today’s turbulent market and even avoid foreclosure by doing Short Sale.

This FREE Special Report reveals several unique solutions for home sellers who in Foreclosure, Short Sale situation and want (or need) to sell a property quickly no matter the situation.

To get your FREE copy, simply visit our website : http://www.GETQUICKHELPNOW.COM/
to download this special report immediately.

With questions about avoiding foreclosure or doing Short Sale
email us at:
Expert@komelot.com

or call: (904)469-0080