Friday, November 16, 2012

The Foreclosure Legal Process in Florida- Part I

In a series of two posts I will detail how is the foreclosure process in our state - typically begins when you miss 3-4 payments ( 3-4 months).
You can no longer make payments as required by the terms of the Note and Mortgage you signed to either finance the purchase of your property or pull equity from property through a refinance. The bank, not always, but generally is required to send you a notice which alerts you to their intent to accelerate the amounts due on the loan and initiate foreclosure if you do not "catch up" and cure the default. Depending on the terms of your mortgage contract, this notice will come at least 30 days prior to filing the foreclosure complaint.This is called DEFAULT
The lender, if they do not receive the entire balance due by the deadline outlined in their notice to you will refer the loan to an attorney to file a foreclosure action. Again, the norm is for this to be at least 30 days after the demand letter is sent to you. The attorney will also file with the County a Lis Pendens, which is a notice to the world that there is a lawsuit being filed affecting the property. This is called Complaint/Lis Pendens
Once the Complaint is filed, a copy of itis given to a process server to locate you and serve you. This is your official notice that the foreclosure has been filed and you are, assuming service was proper, under the personal jurisdiction of the court. This is usually completed within 30 days of the filing of the Complaint.This process is called Service of Process /Default
After service of the Complaint , you have 20 days to file a responsive paper or the bank, through its attorney can ask the court to default you. If you do respond, you can raise defenses, try to dismiss the case, request documents and information from the bank .This is the DEFAULT process
You have the right to a Mediation through the Collins Center. You may receive a letter from the attorney for the bank which contains the telephone number for the Collins Center. You must call and give them your name and case number and they will set you up to speak with a local agency (at Miami Dade County). The Collins Center Mortgage Mediation Program began as a Florida-based program and has been in place since the fall of 2010. The program lends a structured process for communicating with the lender, submitting financial documentation to the lender, working with a financial counselor, and meeting with the lender face-to-face with a mediator at a neutral location. At this mediation meeting you can
■Participate in the mediation program and possibly avoid foreclosure.
■Participate in a structured program where the Collins Center has direct communication with lenders.
■Benefit by reviewing offers prepared by the lender at mediation.
■Work face-to-face with their lender.
■Work with the lender in the presence of a qualified mediator.
■Stay in contact with the lender.
■Participate in financial counseling.
■Resolve the issues with the mortgage in 120 days.
■Use the Collins Center to help communicate with lenders
You can explain your hardship and try to obtain a loan modification following the guidelines for the modification programs available at that time.
By the end of the mediation meeting you should have a scenario or an answer from your lender on how to fix your defaulted loan.

Monday, November 12, 2012

Vintage Doral new preconstruction homes

Vintage Estates is a 28-acre, gated community expected to break ground in 2012. The community will seamlessly fulfill Doral’s promise to offer quality living that residents look forward to coming home to. Vintage Estates will live up to its name by possessing strength that will be recognized in the City of Doral as the first community of its kind. Residents will have easy access to a vita course linear park right outside of the community where they can walk, jog or bike. Inside, Vintage Estates will feature a large clubhouse located on a lake with a full-list of amenities to be enjoyed by all residents. Vintage Estates will feature 110 luxury, single-family homes on generously sized lots and an enclave of 60 one of a kind Coach homes. Vintage’s style will differentiate itself from other communities in Doral. Each of the homes in Vintage Estates is unique, boasting a Georgetown, Tuscan or Coastal style. Coastal style homes will feature metal roofing and keystone elements reminiscent of beachside towns. The Georgetown style homes will boast a rich, custom feeling with darker colors and brick, similar to historic mansions from the Northern U.S. Finally, Tuscan style homes inspired by the elements of nature that is warm and inviting resembling the architecture of Italian hillside homes. The large, single-family houses will be two-stories high and range between 2,800 and 3,700 square feet. Each of the homes will feature a two-door garage, state-of-the-art kitchen, full-size dining room and living area as well as additional quarters on the ground floor. The master bedroom and sitting area on the upper level, along with a balcony extending from the master bedroom will have direct lake views. Residents can enjoy an outdoor terrace as well as a yard large enough to build a pool and make the most of the summertime. The quality outdoor living in these homes makes them perfect entertainment homes for hosting friends and family. The village-like enclave of coach homes will have a Tuscan style. Each of the coach homes will be unique and will feature three-bedroom and four-bedroom models having great rooms, open kitchens, garage and backyard patios. With the success of the award-winning home development of The Reserve at Doral, Terra Group selected the City of Doral as the location for Vintage Estates. The City of Doral is preferred due to its livability and convenient location near Miami International Airport, the Doral Golf Resort & Country Club, the Dolphin and International Mall and an array of different restaurants. In terms of work and education, Doral has one of the lowest unemployment rates in the state and some of the best public and private schools in the county. Thanks to its cultural amenities, supportive business environments and highly educated workforce, Doral was named #2 of America’s Top 25 Towns to Live Well by
For more information and prices contact me at

Thursday, November 8, 2012

The City of Doral Trolley was launched on February 1, 2008 and has been available to residents and visitors for a convenient FREE RIDE. The city has added four new trolleys and has expanded service with two additional routes which connect to Metrorail. Currently the system has three routes serviced by five trolleys.
Route 1/ NW-SE Connector services: Weekday (Monday through Friday) from 6:00 am to 9:00 pm and Saturdays from 7:00 am to 7:00 pm There is no service on Sundays.
Route 2 / Commercial - Metrorail Connector. This program involves weekday services from 6:00 am to 7:00 pm. There is no weekend service.
Route 3 / Residential - Metrorail Connector. This program involves weekday services from 7:00 am to 7:00 pm. There is no weekend service. Do you want to know how far away the next trolley is? Call 305.593.6710 , enter the STOP NUMBER located on the Trolley Stop Sign, and you will be informed approximately when the nexr Doral Trolley will arrive at your stop. Doral Trolley Holiday Service Schedule New Year's Day YES Martin Luther King Day NO President's Day NO Memorial Day NO Independence Day / 4th of July NO Labor Day YES Columbus Day YES Veteran's Day YES Thanksgiving Day NO Friday after Thanksgiving YES Christmas Day NO Do you want to know where the trolley is? Click here

Monday, November 5, 2012

EB-5 Inmigrant Visas

The EB-5 Immigrant Investor Visa enables a foreign investor to essentially "purchase" his Green Card. Under this category of visa, there is a special pilot program through which a foreign investor can invest a minimum of $500,000 into a special project called an EB-5 Regional Service Center. These Regional Service Centers have been approved by the U.S. Citizenship and Immigration Services (USCIS) as projects that will help stimulate the economy in certain eligible areas that have been designated as Targeted Employment Areas (TEA's).
All EB-5 investors must invest in a new commercial enterprise, which is a commercial enterprise: Established after Nov. 29, 1990, or Established on or before Nov. 29, 1990, that is: 1. Purchased and the existing business is restructured or reorganized in such a way that a new commercial enterprise results, or 2. Expanded through the investment so that a 40-percent increase in the net worth or number of employees occurs Commercial enterprise means any for-profit activity formed for the ongoing conduct of lawful business including, but not limited to: A sole proprietorship Partnership (whether limited or general) Holding company Joint venture Corporation Business trust or other entity, which may be publicly or privately owned.
Job Creation Requirements Create or preserve at least 10 full-time jobs for qualifying U.S. workers within two years (or under certain circumstances, within a reasonable time after the two-year period) of the immigrant investor’s admission to the United States as a Conditional Permanent Resident. Create or preserve either direct or indirect jobs: Direct jobs are actual identifiable jobs for qualified employees located within the commercial enterprise into which the EB-5 investor has directly invested his or her capital. Indirect jobs are those jobs shown to have been created collaterally or as a result of capital invested in a commercial enterprise affiliated with a regional center by an EB-5 investor. A foreign investor may only use the indirect job calculation if affiliated with a regional center. For more information on these qualifying Visas please contact me and I will direct you to an inmigration professional attorney.
Maria Borci P.A, ABR-TRC-ASP | Homes 4 You LLC | (305) 798-0706
16371 SW 48th Ter, Miami, FL
Garage enclosed
4BR/3BA Townhouse
Bedrooms 4
Bathrooms 3 full, 0 partial
Sq Footage 1,845
Parking 3 dedicated
Pet Policy No pets
Deposit $2,000


4 / 3 great lake view from Patio

see additional photos below

- Dining room - Family room - Laundry room
- Living room - Master bath - Walk-in closet
- Dishwasher - Dryer - Garbage disposal
- Microwave - Refrigerator - Washer
- Balcony, Deck, or Patio - Fenced yard - Garden
- Air conditioning - Ceiling fans - Cable-ready
- Security system - Guest parking - Jacuzzi/Whirlpool
- Tile floor


- Clubhouse - Fitness center - Near transportation
- Playground - Swimming pool - Guest parking
- Waterfront


1 year renewable.
3 months to start the Lease

Patio with Lake View



Master Bedroom

Master Bath

Dinig Room
Contact info:
Maria Borci P.A, ABR-TRC-ASP
Homes 4 You LLC
(305) 798-0706

Posted: Nov 14, 2012, 8:18am PST