Jerry Pascale Ocala

03/06/2020

I can't believe it but I am working on my 19th year with Re/Max Premier Realty.

06/30/2018

FREE DENTAL - Saturday, July 14, 2018 - Oakcrest Baptist Church. Admission numbers handed out at 8 p.m. the night before the clinic (first come, first served).

12/14/2016

She is our new motivational director at Re/Max.

09/05/2015

Shaday says come take a look last buyer didn't do his homework, I want to move by Grandma so come see my mini farm.

06/21/2015

My new in Sumterville, Fl. That is Shaday in the still photo.

http://www.visualtour.com/show.asp?T=3613278

05/14/2015

Appraisal world has new tools, techniques



WASHINGTON – May 14, 2015 – Technological advancement is changing the world of property valuations. Experts from the lending, multiple listing services and real estate worlds discussed the frustrations and new developments in the appraisal industry at a forum during the Realtors® Legislative Meetings & Trade Expo in Washington D.C., this week.

Fannie Mae's Bob Murphy explained how the mortgage giant uses a new tool, Collateral Underwriter, to evaluate appraisers' work. Since January, Fannie Mae has used the propriety model-driven tool to rank every loan valuation insured by the company on a five-point scale – a risk assessment of the quality of the appraisal that searches for any possible bias or overvaluation.

Murphy says he's seen a lot of confusion about the new tool, but it's not a method to punish appraisers or change appraisal values.

"Collateral Underwriter is not a decision engine," Murphy says. It simply helps Fannie Mae's lender partners determine how much attention they need to give to the underwriting process. "Just because a property gets a five doesn't necessarily mean there's something wrong with it."

Mike Lyon, vice president of operations at Quicken Loans, agreed that Collateral Underwriter has been helpful to the underwriting process, and he predicted that other lenders would be eager to add the tool as well.

"Collateral Underwriter has not slowed our process down at all," Lyons said during the panel discussion. Appraisals that come back with higher scores sometimes need more comps, or a closer look at comments from a more experienced underwriter. "It's going to allow us to do our reviews in a more efficient manner."

The panel also discussed the changing nature of AVMs (automated valuation models). Most agreed that as more data flows into the models, they're bound to become more accurate, providing the company that stitches the data together values accurate information.

"You will see them get more accurate. They are constantly working toward that," said Tom Hosack, broker of Northwood Realty Services in Wexford, Pa. "The challenge with Zillow is that they can't monetize accuracy … Their profit center is not based on accuracy."

No matter how accurate they get, however, AVMs will remain simply "conversation starters" for real estate professionals, according to James Harrison, RCE, president and CEO of MLSListings Inc. in northern California.

"I haven't seen an AVM that doesn't have qualifiers on it" about accuracy, Harrison said. "Your clients are coming to you and they've already done the research … It's a good opportunity to sit down and explain to them your value."

Hosack agreed: "In almost every market there's outliers … A computer can't look at a house and tell if 35 cats lived in it."

Finally, the panel discussed the need for Realtors to be ready with information for both buyers and appraisers, especially in a market that's heating up in a lot of areas.

"You absolutely have to have a tablet and a smartphone, or you're at a huge disadvantage," Harrison said. "As you're interacting in real time with your clients, you need to have the apps lined up to bring them the information you need."

But not all appraisal headaches require a high-tech solution. Several panel members agreed that real estate professionals often provide information about a property to appraisers before the valuation is completed.

"When I was appraising [property], I wanted to talk to every real estate agent that I could," Murphy recalled, noting he would often call them for information about comps. "Have that list of improvements ready for the appraiser. Even if it's not clear in the listing, have the homeowner just write it out."

04/16/2015

RealtyTrac: Fla. again top foreclosure state

IRVINE, Calif. – April 16, 2015 – RealtyTrac released its latest foreclosure report, which covers the first quarter of 2015 and the month of March.

According to the report, Florida once again has the nation's top foreclosure rate, which includes default notices, scheduled auctions and bank repossessions. For the month of March, the state foreclosure rate dropped more than 8% in a year-to-year comparison; but it jumped 28% higher in one month – since February 2015.

Among metropolitan statistical areas with a population of 200,000 or more, Atlantic City, New Jersey, and Rockford, Illinois topped the list. However, three Florida cities rounded out the top five: Ocala, Lakeland-Winter Haven and Miami.

Nationally, foreclosure filings saw a 20 percent jump from their 104-month low in February, and they increased 4 percent year-to-year. It was the first month with a year-over-year increase since September 2010.

The March increase was driven primarily by a jump in bank repossessions (REOs), which were up 49 percent from the previous month and up 25 percent from a year ago, hitting a 17-month high, according to RealtyTrac. Still, the number is only one third of the total in September 2010, the peak month for REOs.

"The 17-month high in bank repossessions in March corresponds to a 17-month high in scheduled foreclosures auctions in October," says Daren Blomquist, vice president at RealtyTrac. "The March increase is continued cleanup of distress still lingering from the previous housing crisis – not the beginning of a new crisis, by any means. Some of most stubborn foreclosure cases are finally being flushed out of the foreclosure pipeline, and we would expect to see more noise in the numbers over the next few months as national foreclosure activity makes its way back to more stable patterns by the end of this year."

"For the astute investors and buyers, there are still some REO and distressed opportunities in the South Florida market," says Mike Pappas, CEO and president of the Keyes Company, covering the South Florida market.

"This is as healthy a market as we have seen since the boom.," Pappas adds. "We wrote $400 million in real estate contracts during the quarter, which was the second strongest March in our 89-year history."

Florida foreclosures for March
The state had 20,191 properties in some form of foreclosure in March, an increase of 27.85 percent month-to-month and a decrease of 8.46 percent year-to-year.

It saw 4,280 new foreclosure starts (a month-to-month increase of 19.69 percent and a year-to-year decrease of 26.40 percent), and 7,202 bank repossessions (a 48.68 percent increase month-to-month and a 15.08 percent increase year-to-year).

Florida foreclosures for first quarter 2015
For the first three months of the year, the state had 50,683 foreclosures in the pipeline. While Florida ranked No. 1 nationwide, that number still represents a state decrease of 5.93 percent quarter-to-quarter and 27.15 percent year-to-year.

State foreclosure starts for the quarter declined, both by quarter and year-to-year comparison, 18 percent and 37 percent, respectively.

Completed foreclosures, however, dropped year-to-year (down 27 percent) but rose compared to the last quarter of 2014, rising 12 percent.

A RealtyTrac heat map on their website offers county-by-county Florida data.

National findings

States with the longest average days to complete foreclosure for foreclosures completed in the first quarter were New York (1,475 days), New Jersey (1,115 days), Hawaii (1,058 days), Florida (975 days) and Kansas (963 days).
A total of 53,514 properties started the foreclosure process in March, up 11 percent from the previous month but still down 4 percent from a year ago.
A total of 50,760 properties were scheduled for foreclosure auction in March, up 11 percent from the previous month and up less than 1 percent from a year ago.
Properties that completed the foreclosure process in the first quarter took an average of 620 days to complete the process, up from 604 days on average in the previous quarter, and up from 572 days in the first quarter of 2014.

04/15/2015

Fannie Mae announces 3% closing cost aid program



WASHINGTON – April 15, 2015 – Fannie Mae announced yesterday the rollout of its HomePath Ready Buyer program for qualified first-time homebuyers, defined for the program as someone who hasn't owned property in the past three years.

Under the program, buyers can receive up to three percent of a home's purchase price in closing cost assistance when they buy a home through Fannie Mae's HomePath program, providing they also complete a homebuyer education course.

On a $150,000 home, Fannie Mae says the program could save buyers up to $4,500. In addition, Fannie Mae will reimburse buyers for the $75 cost of the education course at closing.

"We developed the HomePath Ready Buyer program to provide first-time homebuyers with the knowledge to make informed decisions as they navigate the complexities of the home buying process," says Jay Ryan, vice president of REO sales with Fannie Mae. "Closing cost assistance provides a cushion many first-time buyers need to more confidently face the financial responsibilities of homeownership."

For the buyer education course, Fannie Mae partnered with Framework, a nonprofit created by the Housing Partnership Network and the Minnesota Homeownership Center. The course covers the complexities of home buying and responsibilities of owning a home. The course contains nine 30-minute sessions and is entirely online.

To be eligible for the program:
Buyers must complete the full online HomePath Ready Buyer training course on https://www.homepath.com and receive the Certificate of Completion.
An applicant must be a first-time homebuyer with plans to make the home their primary residence. Auction, pool and investor sales aren't eligible.
The request for closing cost assistance must be made at the initial offer, and submitted on or after April 14, 2015.
Buyers interested in becoming a homeowner are encouraged to take the course as soon as possible. The course must be completed before submitting an offer to qualify.

HomePath.com is the Official foreclosure website owned by Fannie Mae. Find Fannie Mae foreclosures exclusively on HomePath.com.

04/10/2015

First-time homebuyers can get $2K per year

TALLAHASSEE, Fla. – April 10, 2015 – A little-known state program that pays first-time homebuyers up to $2,000 a year has more than tripled its number of participants in a year.

Administrators expect an even higher surge of homebuyers applying this year as the real estate market strengthens.

The state-run Florida Housing Finance Corp. runs the program, which gives first-time homebuyers money back each year based on how much interest they pay on their mortgage.

Once approved, low- and moderate-income homeowners can claim up to half of mortgage interest they paid as a tax credit on their federal income tax return, said Cecka Rose Green, communications director of Florida Housing Finance. The credit is capped at $2,000 each year, she said.

"It's a $2,000 reduction, dollar for dollar," Green said. "It keeps money coming back to homeowners."

The tax credit is good for 30 years or the life of the mortgage as part of the Florida Housing Mortgage Credit Certificate Program, Green said.

Any mortgage interest not counted to receive the credit can still be deducted on federal income tax return, according to Florida Housing Finance.

The program started in 2005, but it didn't take off during the housing boom, when many Floridians couldn't afford to buy, she said. Then the housing crash occurred and that scared off many potential homebuyers, she said. The program was restarted two years ago, and 157 homeowners got into it in the first year, she said.

Participation more than tripled in 2014, with 523 homeowners participating, including 51 in Broward and 24 in Palm Beach County, Green said.

It should be even more this year, she said. "Home price have stabilized – it's now looking to be a great time to buy," Green said.

Average 30-year fixed-rate mortgages averaged 3.66 percent this week, down from an average of 4.34 percent a year ago, according to the survey of Freddie Mac, the secondary lender.

But two years into the restarted program, many first-time buyers still don't know about it, said Adam R. Cohn, branch manager of Standard Mortgage Co. of Boca Raton.

The program has another advantage beyond the yearly money back, Cohn said. "The beauty of the program is that homebuyers can use that income to qualify for a loan," he said. "That helps buyers qualify for a higher mortgage."

To qualify in Broward, income must be less than $82,800 a year for one to two people in a household or $96,377 for three or more. Homes must cost less than $337,500, or $412,500 in a targeted area.

In Palm Beach County, income must be less than $78,720 a year to qualify for one to two people in a household or $91,840 for three or more. Homes must cost less than $337,500, or $412,500 in a targeted area.

The Florida Housing Finance has a list of approved lenders who can take applications for the program at http://www.floridahousing.org. Click on MCC Mortgage Credit Certificate graphic, which is on the right side.

04/08/2015

BREAKING: What Was Just Found in Hillary’s Emails Suggests She’s Guilty of This

Screen Shot 2015-04-02 at 10.20.37 AMIn all of the hoopla surrounding the revelation of Hillary Clinton’s use of private emails, many people have forgotten she was trying to hide something.

So what was it she was trying to keep off the record?

Why was she using a private email server to conduct official, classified business?

To change the story it would seem.

Of course you’re familiar with the Benghazi scandal. Up until this point in time the White House (including Clinton) have stayed true to their assertion the entire incident was the result of unrest related to the distribution of an “Anti-Islamic” video.

But what was just found in her emails suggest she knew differently and created this false narrative to free her from any responsibility.

WND writes:

Two days after the Sept. 11, 2012, terrorist attack in Benghazi, then-Secretary of State Hillary Clinton received an email from confidante and former Bill Clinton White House staffer Sidney Blumenthal punching holes in the administration narrative that blamed the attack on an anti-Islam YouTube video.

One day earlier, Blumenthal presented Clinton with information from a “sensitive source” supporting the video narrative. But he followed up that correspondence with a contrary report that the attack was carried out by a jihadist group that had planned it at least one month in advance.

Yet Clinton and the Obama administration persisted for weeks in blaming the obscure anti-Islam video as the primary motivation. In her memoir, “Hard Choices,” published last June, Clinton continued to defend the YouTube-video storyline, claiming it was a reflection of what the U.S. intelligence community believed at the time.

The latest information comes as Rep. Trey Gowdy, R-S.C., chairman of the House committee investigating the Benghazi attack, on Tuesday asked Clinton to appear for a private interview regarding her controversial use of a private email account during her tenure as secretary of state.

Gowdy sent a letter to Clinton’s attorney characterizing the former secretary’s “email arrangement with herself” as “highly unusual, if not unprecedented.” He added Clinton’s disclosure that she deleted all emails from her private server “only exacerbates our need to better understand what the secretary did, when she did it and why she did it.”

In an article jointly published last week by Gawker and ProPublica, the websites disclose Blumenthal prepared detailed intelligence briefs that were sent regularly to Clinton’s private email address.

They report that the dispatches, sent under Blumenthal’s name, were actually based on information gathered and prepared by Tyler Drumheller, a former chief of the CIA’s clandestine service in Europe who left the agency in 2005 and now serves as a private contractor.

The leaked emails were posted on the Internet by Gawker in 2013. The website says it was forwarded the emails from Blumenthal’s AOL account by the hacker using the alias “Guccifer.”

“Guccifer” reportedly hacked Blumenthal’s email in March 2013. Guccifer has since been identified as Marcel Lazar Lehel, a Romanian hacker serving a seven-year sentence for hacking into the accounts of Romanian government officials.

The leaked emails show that on Sept. 12, 2012, one day after the Benghazi attack, Blumenthal sent an email to Clinton citing a “sensitive source” saying the interim Libyan president, Mohammed Yussef el Magariaf, was told by a senior security officer the attack was provoked by the anti-Islam YouTube film and also by allegations from political opponents that Magariaf had CIA ties.

The memo reads: “A senior security officer told [interim Libyan President Mohammed Yussef] el Magariaf that the attacks on that day were inspired by what many devout Libyans viewed as a sacrilegious internet video on the prophet Mohammed originating in America.”

However, the next day, Blumenthal sent an email titled “Re: More Magariaf private reax.” It said Libyan security officials believed the terrorist group Ansar al Shariah was behind the attack and that the group prepared it a month in advance.

The email further states the Brigade “took advantage of the cover” provided by the purported demonstrations against the YouTube video.

Despite the emails and other evidence, Clinton and the Obama administration persisted in blaming the attack on anger over the YouTube video.

In her initial comments on the Bengahzi attack, Clinton referenced the video.

“Some have sought to justify this vicious behavior as a response to inflammatory material posted on the Internet,” she said. “The United States deplores any intentional effort to denigrate the religious beliefs of others. Our commitment to religious tolerance goes back to the very beginning of our nation. But let me be clear: There is never any justification for violent acts of this kind.”

In “Hard Choices,” Clinton defended the actions of then-United Nations Ambassador Susan Rice, who on Sunday, Sept. 16, 2012, infamously appeared on five morning television programs to offer the official Obama administration response to the Benghazi attack.

This whole story serves to undermine any legitimacy Clinton has as a potential presidential candidate.

You can be sure that Gowdy will continue to unearth gems like these with more frequency.

Again, with this massive cover up now being exposed, conservatives can continue to be optimistic that this will tarnish Clinton’s already lackluster reputation.

04/08/2015

The ‘State’ of REO at Slight Increase