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Blog by Benito Realty Group

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REO Professional Henry Benito Signs With Dicks + Nanton Celebrity Branding Agency

January 27th, 2012

Nick Nanton, Esq. and JW Dicks, Esq., co-founders of Dicks + Nanton Celebrity Branding Agency, have recently signed nationally recognized Real Estate Broker and REO Default Professional, Henry Benito

Click here to continue reading the press release.

Equator's Winter 2012 Newsletter Features Henry Benito

January 2nd, 2012
Equator features Henry Benito

Equator's technology delivers unparalleled efficiency in processing and negotiating REO’s, so it was no surprise that the company chose our very own Henry Benito - a pioneer in the real estate industry and well-versed in technology. Please click here to view the Equator Winter 2012 Agent Newsletter.

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Rick Scott, GOP to consider taking courts out of foreclosure process

October 1st, 2011

Interesting read from the Miami Herald: "The push is on in Florida to cut the courts out of the foreclosure process. Supporters of the concept — which is used in nearly 30 states — say it will speed foreclosures, get houses back onto the real estate market and boost the economy. Opponents say it puts property owners at the mercy of banks..."

The article continues: "Bottom line: Foreclosures t ...

Benito Realty Group Yard signs in the news again

June 27th, 2011

Front page of the Miami Herald on one of our Bank Owned listings.  As one of the leading foreclosure brokers our signs grab attention of Buyers and the media.  We have received several Buyer calls and web traffic from this article and will follow up with these Buyers to offer them more of our up and coming REO inventory.

Benito Realty on front page of The Miami Herald

Benito Realty Group sign shows up in Academy Award winning film Inside Job

May 27th, 2011

Even though we didn’t ask to be featured or had anything to do with the financial meltdown in the U.S. we are glad and proficient in helping  the lenders clean up the mess. Click here to view the trailer.

Benito Realty in The Inside Job

South Florida is #1 for mortgage fraud

March 31st, 2011

Great article at The Real Deal: "South Florida is first in the country for the number of mortgage fraud suspicious activity reports per capita, according to a new report from the Financial Crimes Enforcement Network. The region, which recorded 11,833 such reports last year, also leads the nation in Medicare fraud and auto insurance fraud."

To continue reading the full article click here.

South Florida residential inventory

March 31st, 2011

Here is a chart of South Florida's residential inventory:

South Florida residential inventory

 

"Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing."

Continue reading the article at The Real Deal

Company Removes Chinese Drywall From 1st Home

February 15th, 2011

Chinese Drywall

"A home in Lauderhill is the first of dozens of homes in South Florida that will get rid of toxic Chinese drywall at the expense of the company that developed it.Three-hundred homes with defective Chinese drywall will be repaired by the manufacturer in a new pilot program."

"It's not just removing the drywall and putting in new," said Howard Ehrsam, of Chinese Drywall Screening. "You have to ...

Walk-Aways Leading to Big Changes for All Borrowers' Credit Scores

November 5th, 2010
"With foreclosures soaring - and homeowners with unblemished payment histories abruptly walking away from their houses with no warning to lenders."

"Overall, credit industry experts agree, consumer creditworthiness has deteriorated in the United States since 2006, especially among what used to be considered the credit elite, people with the highest scores."

"Not only are borrowers who previ ...

Foreclosure Freeze Slows Home Sales

October 7th, 2010

A very interesting article on foreclosures. Here are some excerpts from the article.

"The decision by three major banks to freeze foreclosures will buy distressed homeowners months of extra time and temporarily block lenders from reclaiming homes."

"But it also threatens to buckle South Florida's home sales."

"As the foreclosure moratoriums play out, a slowdown in low-priced, bank-owned prop ...
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