Davidson Realty, Inc.

What is Foreclosure?

October 14, 2009

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Posted by in Distressed Properties, Foreclosures

DSC_0326Are you are struggling to make your mortgage payment and afraid your home may be foreclosed? You are not alone. There are many foreclosures in St. Augustine, Jacksonville and the rest of the Country.

Many people don’t understand how foreclosures work. Foreclosure is a process with four phases.

1. Default – You must miss a payment or more likely several payments to be in default. You may also enter the foreclosure process if you miss payments to a local taxing authority, a condo association or a homeowners association.
2. Legal Notice – The lender or foreclosing party must notify the owner that they are entering into the foreclosure process. In Florida they file a Notice of Lis Pendens. The owner will be personally served with the document and/or the foreclosure will be published in accordance with the local statutes.
3. Bank Sale or Auction Date – In Florida a Judgment of Foreclosure is filed that sets a sale date. The full amount due including penalties will be listed in the Judgment. On the sale date the property will be sold at the County Courthouse. Read more

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$8,000 First Time Home Buyer Tax Credit Ends November 30th

October 12, 2009

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Posted by in News

I was surprised to hear recently how many people looking at homes in Northeast Florida have not heard about the $8,000 tax credit for first-time homebuyers. I guess since I eat, sleep and breathe real estate, I assume other people understand what a great deal this tax credit really is.

The tax credit is similar to the Cash for Clunkers program for the car industry except instead of a $4,500 trade-in allowance, you will pay $8,000 less in taxes to the IRS or get an $8,000 federal income tax refund if you do not owe any income tax.

The $8,000 tax credit is available to anyone buying their fist home or anyone that hasn’t owned a home in three years. To qualify for the credit, you have to close on your new home by November 30, 2009. There is talk in Congress of extending the credit into 2010; however, until Congress passes new legislation, no one knows if it will be extended. Read more

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Davidson Speaker Series in Full Swing!

October 2, 2009

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Posted by in Events, Speaker Series

Keith PearceOver the summer, Sherry Davidson decided to host a series of speakers at Davidson Realty’s community room to share information from professionals in World Golf Village with St. Johns County residents. Just to make it more fun, she decided to serve wine and cheese during the events!

We had no idea what to expect at the first one in August when Stephanie Harriett spoke. To make us a bit more anxious, there were horrible thunderstorms that night. (If you have ever planned an event, you know the weather can drastically impact your attendance!) However, we had over 30 people attend and Stephanie provided all kinds of useful information about wills, trusts and estate planning. Read more

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Come Out this Saturday for the First Sneak Peek Saturday!

October 1, 2009

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Posted by in Events

Have you heard that World Golf Village’s first Sneak Peek Saturday is this weekend? Come out this Saturday, October 3rd between 1 and 4 pm to see beautiful homes in the Turnberry, Royal Pines and St. Andrews neighborhoods. Enjoy cookies and lemonade in one home and register to win two football tickets in another.

As if that wasn’t enough! Davidson Realty has decided to extend the fun of Sneak Peek Saturdays to every weekend in the month from October to January. Homes in World Golf Village and surrounding communities will be featured every Saturday from 1 to 4 pm to help you find your perfect neighborhood.

October 10th will feature luxurious condominiums in The Legends and single-family homes in Sevilla. The Legends offers residents condos starting in the $150s, as well as a private fitness center, pool, putting green and tennis courts. Sevilla provides homes ranging from 2,000 to 2,900 square feet from four different homebuilders and a clubhouse, resort pool, multi-purpose fields and tot lot.

On October 17th, head over to see unique homes in Murabella, Samara Lakes and The Meadows. Murabella offers Read more

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