Reading a publication about foreclosures and some statistics

I was having coffe this morning in the Starbucks, in Aventura, Florida reading a Miami publication on the foreclosure issue and based on my own experience, I was compelled to write about it:

It is certain that almost everyone involved in the foreclosure said that they would not want to go through the process ever again, neither homeowners at risk of losing their homes, nor the banks who loaned them the money nor the judges who must decide on the cases.

The clerks of the court say that more than 135,000 foreclosures could be in Miami-Dade, Broward and Monroe this year - compared to a tri-county total of about 17,500 in 2006.

The flood of applications has exceeded the civil courts and prolonged the pain of exclusion for all: The owners live in limbo, the banks are losing money, with the ripple effects are felt everywhere, condominium associations can't charge fees and municipal governments are losing taxable income.

Everyone is burning in this nightmare.
The bank is not going to leave it in one piece.
Property owners, whether homeowners or investors are not going to leave in one piece.
Not to mention the real estate business and mortgage industry, we are certainly, not going to leave in one piece.
It really looks like it may get a lot worst before we get better.

It would be good if our senators approved a bill that would require all parties to a mediation before the judicial body.

that's my opinion.

Gustavo Blachman
Real Estate Broker.
Terrabella Realty

The Point of Aventura, FL.

THE POINT, AVENTURA FL. ATLANTIC I, II, III

THE POINT - NORTH TOWER, SOUTH TOWER, COURTYARDS

The listings above are all current condos for sale at The Point in Aventura. Click on any of the properties to view all details and to schedule a viewing. The real estate in Aventura, Miami, and all over South East Florida is experiencing a lot of new action. Recent news from The Real Deal reports...

"Existing home sales will rise 11 percent in 2010, according to Mortgage Bankers Association chief economist Jay Brinkmann's market predictions, while new home sales will climb by 21 percent during the same time period. During a speech yesterday at MBA's annual convention, Brinkmann also noted that he believes existing home prices would likely decline during the first quarter of 2010" READ MORE

I will continue to keep you up to date with market action and properties for sale at The Point of Aventura.

Moving Out

Enjoy the music of Thomas Blachman

REO's in the City of Excellence

There are many foreclosures in the City of Aventura Condos.

The bank owned or REO properties are in high demand and there are even bidding wars that occur when a bank or seller has a property listed way below market value.
The short sale market is also on the rise and a popular alternative to foreclosure properties.(Not my favorite subject) There are many websites promising great foreclosure searches for bank owned property in Dade County, Aventura. These Florida foreclosure websites can be a great resource to learn more about foreclosed properties.

Real Estate Owned (REO) or bank owned properties can also be found in the enclosed link. Aventura has foreclosures in many condos around the City.
The bank owned or REO properties are in high demand and there are even bidding wars that occur when a bank or seller has a property listed way below market value.
The short sale market is also on the rise and a popular alternative to foreclosure properties.(Not my favorite subject) There are many websites promising great foreclosure searches for bank owned property in Dade County, Aventura. These Florida foreclosure websites can be a great resource to learn more about foreclosed properties.

Real Estate Owned (REO) or bank owned properties can also be found in the enclosed link. Aventura REO'S
You may also search on the map below.

To make it easy for your search, just cut from the list below and check your search engine of preference, when looking foreclosures in Aventura, Florida 33160 and 33180 online.
Alaqua foreclosures
Admirals Point East Condominiums foreclosures
Atrium foreclosures
Atlantic I One at The Point foreclosures
Atlantic II Two at The Point foreclosures
Atlantic III Three at The Point foreclosures
Aventi at Aventura foreclosures
Aventura Bay Townhomes foreclosures
Aventura Lakes foreclosures
Aventura Marina foreclosures
Biscaya foreclosures
Biscayne Cove foreclosures
Biscayne Lake Gardens foreclosures
Bonavida foreclosures
Bonavista foreclosures
Bravura I & II foreclosures
Centergate foreclosures
Classic Residence (Hyatt) foreclosures
Commodore Plaza foreclosures
Coronado I foreclosures
Coronado II foreclosures
Coronado III foreclosures
Costain Villas & Townhomes foreclosures
Country Club Estates foreclosures
Courtyards of Aventura foreclosures
Del Prado foreclosures
Del Vista Towers foreclosures
Delvista Townhomes foreclosures
El Dorado III & IV foreclosures
Ensenada foreclosures
Flamenco Tower I foreclosures
Golden Pointe foreclosures
Hamptons South foreclosures
Hamptons West foreclosures
Harbor Towers foreclosures
Harborside foreclosures
Hidden Bay foreclosures
La Mirage foreclosures
Lincoln Pointe foreclosures
Marina Cove foreclosures
Mariner Village Garden Condos foreclosures
Mariner Village Townhomes foreclosures
Mystic Pointe 100 foreclosures
Mystic Pointe 200 foreclosures
Mystic Pointe 300 foreclosures
Mystic Pointe 400 foreclosures
Mystic Pointe 500 foreclosures
Mystic Pointe 600 foreclosures
Mystic Pointe Townhomes foreclosures
One & Two Island Place foreclosures
Parc Central East foreclosures
Peninsula foreclosures
Peninsula Two II foreclosures
Point East foreclosures
Porta Vita North Tower foreclosures
Porta Vita South Tower foreclosures
Portsview foreclosures
Promenade at Aventura foreclosures
South View foreclosures
Spinnaker Bay Condos foreclosures
Spinnaker Bay Townhomes foreclosures
Summit Aventura foreclosures
The Landmark foreclosures
The Parc at Turnberry Isle foreclosures
The Point North Tower foreclosures
The Point South Tower foreclosures
The Terraces of Turnberry foreclosures
Turnberry Isle North Tower foreclosures
Turnberry Isle South Tower foreclosures
Turnberry Marina Tower foreclosures
Turnberry On The Green foreclosures
Turnberry Towers foreclosures
Turnberry Townhomes foreclosures
Island Estates & Marina foreclosures
Villa Dorada foreclosures
Village By The Bay foreclosures
Waterview foreclosures
Waterways Village foreclosures
Williams Island 1000 foreclosures
Williams Island 2000 foreclosures
Williams Island 2600 foreclosures
Williams Island 2800 foreclosures
Williams Island 3000 foreclosures
Williams Island 4000 foreclosures
Williams Island 7000 foreclosures
Williams Island Bella Mare foreclosures
Williamd Island Villa Flora foreclosures
Williams Island Mediterranean Village foreclosures
Yacht Club of Aventura foreclosures


To make it easy for your search, just cut from the list below and check your search engine of preference, when looking foreclosures in Aventura, Florida 33160 and 33180 online.
Alaqua foreclosures
Admirals Point East Condominiums foreclosures
Atrium foreclosures
Atlantic I One at The Point foreclosures
Atlantic II Two at The Point foreclosures
Atlantic III Three at The Point foreclosures
Aventi at Aventura foreclosures
Aventura Bay Townhomes foreclosures
Aventura Lakes foreclosures
Aventura Marina foreclosures
Biscaya foreclosures
Biscayne Cove foreclosures
Biscayne Lake Gardens foreclosures
Bonavida foreclosures
Bonavista foreclosures
Bravura I & II foreclosures
Centergate foreclosures
Classic Residence (Hyatt) foreclosures
Commodore Plaza foreclosures
Coronado I foreclosures
Coronado II foreclosures
Coronado III foreclosures
Costain Villas & Townhomes foreclosures
Country Club Estates foreclosures
Courtyards of Aventura foreclosures
Del Prado foreclosures
Del Vista Towers foreclosures
Delvista Townhomes foreclosures
El Dorado III & IV foreclosures
Ensenada foreclosures
Flamenco Tower I foreclosures
Golden Pointe foreclosures
Hamptons South foreclosures
Hamptons West foreclosures
Harbor Towers foreclosures
Harborside foreclosures
Hidden Bay foreclosures
La Mirage foreclosures
Lincoln Pointe foreclosures
Marina Cove foreclosures
Mariner Village Garden Condos foreclosures
Mariner Village Townhomes foreclosures
Mystic Pointe 100 foreclosures
Mystic Pointe 200 foreclosures
Mystic Pointe 300 foreclosures
Mystic Pointe 400 foreclosures
Mystic Pointe 500 foreclosures
Mystic Pointe 600 foreclosures
Mystic Pointe Townhomes foreclosures
One & Two Island Place foreclosures
Parc Central East foreclosures
Peninsula foreclosures
Peninsula Two II foreclosures
Point East foreclosures
Porta Vita North Tower foreclosures
Porta Vita South Tower foreclosures
Portsview foreclosures
Promenade at Aventura foreclosures
South View foreclosures
Spinnaker Bay Condos foreclosures
Spinnaker Bay Townhomes foreclosures
Summit Aventura foreclosures
The Landmark foreclosures
The Parc at Turnberry Isle foreclosures
The Point North Tower foreclosures
The Point South Tower foreclosures
The Terraces of Turnberry foreclosures
Turnberry Isle North Tower foreclosures
Turnberry Isle South Tower foreclosures
Turnberry Marina Tower foreclosures
Turnberry On The Green foreclosures
Turnberry Towers foreclosures
Turnberry Townhomes foreclosures
Island Estates & Marina foreclosures
Villa Dorada foreclosures
Village By The Bay foreclosures
Waterview foreclosures
Waterways Village foreclosures
Williams Island 1000 foreclosures
Williams Island 2000 foreclosures
Williams Island 2600 foreclosures
Williams Island 2800 foreclosures
Williams Island 3000 foreclosures
Williams Island 4000 foreclosures
Williams Island 7000 foreclosures
Williams Island Bella Mare foreclosures
Williamd Island Villa Flora foreclosures
Williams Island Mediterranean Village foreclosures
Yacht Club of Aventura foreclosures

Family matters

I am taking time to enjoy my children.
Today i am sharing my son Nicholas Blachman last game.
He played with the Junior Panthers and score 3 goals (hat trick).
Nico's team won 7 -5 and he did great.

Nico Blachman's Hat Trick

Showing properties in Aventura

After months of no action and lots of anxiety, I suddenly see action and closings around the wonderful city of excellence. Sales are picking up in Aventura, yes, prices are not and only true sellers are selling besides short sellers and bank owned properties.
I see buyers from South America looking to grab a piece of what ever is left from the "American Dream" The truth is that eventually, everything will fall into place and this adjustment we are seeing will reach the end of the downturn.

Real Estate Information on Facebook

This posting is to let everyone know that I just added a subscription link to my blog. Look in the upper right hand corner, add your email address and hit subscribe - it's that easy. Every time this blog is updated you will be notified. This was done based on popular demand, so that readers can stay up to date without visiting the blog.

In addition, I added my RSS feed to Facebook so that all my Facebook friends can know what's going on with South Florida real estate. I look forward to giving you all the great news all the time anywhere you're located and whatever website you go to.

Spread the word. Thanks.

The Neccesity of Continued Education

TERRABELLA REALTY, ATTENDED THE NATIONAL ASSOCIATION OF REALTORS® CONFERENCE IN ORLANDO, FLORIDA


November 14, 20088 –– Terrabella Realty sent a group of agents to the National Association of Realtors® (NAR) Conference & Expo from Nov. 7-10 in Orlando, said Founder and Broker Gustavo F. Blachman. The event, held in a different city each year, was expected to draw more than 25,000 real estate professionals from around the world to central Florida's convention capitol.

Terrabella Realty had a booth on the Expo floor, and met with industry firms to explore partnership and joint venture opportunities. "In today's market, some smaller agencies are finding it difficult to compete with larger brands," Blachman said. "We offered a chance to share our company's industry resources, including our unsurpassed marketing program, Internet alliances, top-notch technology and recruitment strategy.

"It's important to us as real estate professionals to stay on top of our game," he said. "These NAR conferences provide the highest standard of education, as well as unparalleled networking opportunities that will help us continue to give our clients the best service in all their real estate transactions."

The NAR conference, whose theme this year was "Destination: Success," will always be the industry's best forum for top-of-the-line educational and networking opportunities, Terrabella paid for the team's housing expenses as an investment in the firm's ongoing success.

Terrabella Realty, a full-service real estate firm serving Miami-Dade and Broward counties, closed on more than $300 million in sales over the past three years. Terrabella has strategic alliances with real estate firms in many South American and European countries. It has an exclusive agreement for Miami-Dade & Broward Counties with file:///C:/Documents%20and%20Settings/gblachman/Desktop/www.propertymaps.com , a nationwide map-based real estate database, and is the exclusive provider of home valuations for zip codes 33160, 33179 and 33180 for www.realtor.com. To learn more, please visit http://www.goterrabella.com/.

Light at the End of the Tunnel

Light at the End of the Tunnel
By Gustavo Blachman
Aventura, Florida 33180

There's a light at the end of the tunnel, and it's not a train. We're seeing some action in the real estate market, in the form of lots of motivated lookers. There are a few different reasons triggering this new activity.

For investors, real estate is once again looking like a great investment. That diversified portfolio of stocks, bonds and other financial vehicles your financial advisor recommended may not have been so safe after all.

Let's say you trusted 160 years of experience and bought bonds from Lehmann Bros. Then you bought some stock in General Motors and in Sirius Satellite Radio. To further diversify, you added some Wachovia Bank shares. To make it even better, in 2001, assuming the Internet would pick because it's such a great business, you bought mutual funds from Munder Net Net. So you were spread out among cars, bonds, banks and interest-paying CDs – and you've since lost about 98% of your equity. You think, "Maybe investing in real estate isn't such a bad idea. After all, if the mortgage on my house was paid nearly paid up, the most I would have lost would have been 20%-25% of the equity. So maybe this is the time to buy."
The South American market is also picking up. Due to the policies of President Chavez, the value of crude oil in Venezuela has been cut in half. In Argentina, the government is is creating chaos by trying to renationalize the private social security fund. Every other country in South America has its own story – in Bolivia, Evo Morales is a known Chavez protégé, and Rafael Correa in Ecuador is called Chavez's "Golden Boy." As a result, the economies of these countries are facing a great deal of insecurity, and investors are once again looking to the US as a safe haven – especially when our residential real estate prices are such a bargain.

I’m not saying the real estate market is going to rise up and magically repair the US economy. We still need to find the right fix for the financial sector. But if we can just switch our vision from negative to positive, we might see that modest upswing in activity for what it is -- a light at the end of the tunnel.

Keep your faith in our industry.


Gustavo Blachman
Terrabella realty
www.goterrabella.com