Saturday, December 31, 2011
Orlando magic update
ORL 100 CHA 79 (F) R. Anderson leads Magic w/23 pts & D. Howard grabs 24 rebs. Magic return home Sun vs TOR @6pm. Pregame starts @530pm on Sun Sports.
Tuesday, December 6, 2011
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Sunday, December 4, 2011
Wednesday, November 30, 2011
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Monday, October 24, 2011
Wednesday, September 28, 2011
Study to look at Daytona entertainment zone's potential for new hotels
Study to look at Daytona entertainment zone's potential for new hotels
By CLAYTON PARK, Business Writer
September 28, 2011 1:00 AM
Posted in: East Volusia Tagged:CEO Business Alliance ,entertainment zone DAYTONA BEACH -- A group of business leaders with close ties to tourism and development will fund a study to determine the market potential and private/public financing options for development of a convention center hotel, or possibly multiple hotels, in the city's core beachside tourist area.
The $50,000 study, to be conducted in the coming weeks by Orlando economic consulting firm Fishkind & Associates, was commissioned by the CEO Business Alliance and its partners at the behest of Volusia County Chair Frank Bruno and Daytona Beach Mayor Glenn Ritchey.
Ritchey said the city and county asked the alliance to get involved after receiving more than a dozen inquiries in recent months from real estate developers and investment groups interested in the possibility of developing a convention center hotel here.
"I've seen more activity in the last few months than in the last few years," said Ritchey, who added that the inquiries have come from throughout the country.
Construction of a new convention center hotel could jump-start the city's efforts to revitalize its newly designated e-zone, the area immediately surrounding the Ocean Center, Ritchey said.
The goal, he said, is to essentially double the number of "quality rooms" within walking distance of the Ocean Center to 1,500. The Hilton Daytona Beach Oceanfront Resort, directly across the street from the county-run convention center, offers 744 rooms.
The study will be funded entirely with private donations from the CEO Business Alliance; the Hilton Daytona Beach Oceanfront Resort; the South Florida-based Swerdlow Group, owner of the MG on the Halifax twin-tower condo complex in Holly Hill; Main Street merchant and property owner Theresa Doan; and real estate investor George Anderson of GDA Investments in Ormond Beach.
Each of the parties has agreed to chip in $10,000 toward the study.
Kent Sharples, president of the CEO Business Alliance, said the study will be conducted with no predetermined notions or specific development sites in mind and that the financial backers of the study will not have any influence on the report's conclusions.
Bill McMunn, the alliance's board chairman, said: "You need someone who can do it neutrally."
While the CEO Business Alliance was formed earlier this year with the mission of recruiting businesses to the area, Sharples said the alliance's board members decided to accept the county and city's invitation to get involved in commissioning the feasibility study.
The alliance board members are McMunn, the recently retired CEO of Consolidated-Tomoka Land Co.; Hyatt Brown, chairman of Brown & Brown Inc.; Lesa France Kennedy, CEO of International Speedway Corp.; James France, vice chairman of NASCAR; and Mark LaRose, CEO of Florida Hospital Memorial Medical Center and Florida Hospital Oceanside.
"Hyatt said, 'If not us, then who? If we love our community, we've got to step forward,' " Sharples said.
HOTELS MEAN JOBS, GROWTH
Brown said the convention center hotel project fits into the alliance's mission because it would create jobs and help invigorate the tourist industry, a major part of the local economy.
"We've got to be competitive with other beach destinations in Florida," Brown said.
Adding a second convention center hotel to Daytona Beach's e-zone would help accomplish that goal and could serve as a catalyst for further development in the e-zone, Brown said.
"Success breeds success," he said. "There's always a catalyst. In Orlando, it was Disney."
With land values down and interest rates at or near record lows, a number of oceanfront properties in the Daytona Beach area have been snapped up by developers and institutional investors in recent months.
"There's a huge amount of cash sitting there that needs to get invested," said Brown, who added that the area's oceanfront locale is a major appeal to developers. "There is no beach in Arizona," he said.
Added LaRose: "I look at this community, and I think it's under-valued."
Bruno said the study is intended as a starting point that hopefully would encourage individual developers to conduct their own site-specific feasibility studies. It could also result in generating interest from more developers and investors, he added.
While Bruno said a new convention center hotel ideally would be connected to the Ocean Center, perhaps via a covered walkway or pedestrian overpass, it wouldn't necessarily need to be on an oceanfront property.
Ritchey said, "You may see developers that look at the river."
Rich Larkin, the Hilton's general manager, said his company supports the addition of another convention center hotel in the e-zone area because rather than take away potential business from his hotel, it could potentially create more by enabling the Ocean Center to book larger convention groups.
Larkin said he personally knows of some convention groups that decided against coming here because the area didn't have enough quality hotel rooms within a couple blocks of the Ocean Center to meet their needs.
"We've lost out on some opportunities because of that," he said.
Brett Dill, president of the Coconut Grove-based Swerdlow Group, said his company agreed to help fund the study because, as a "significant stakeholder in the community, I think a first-rate convention center hotel would be a great asset."
"We all benefit from stronger businesses in the area," said Dill, whose company took over and renamed the former Marina Grande complex in January. "As the area flourishes, it becomes more attractive to potential buyers of our (condo) project."
Dill, who has been involved in developing hotels in the past, said his company would "certainly consider making a proposal" to build a hotel here if the study were to show it made sense.
A STARTING POINT
Economist Hank Fishkind of Fishkind & Associates wrote in an email to Sharples that the study will include a detailed market analysis to determine the feasibility of building a new convention center hotel in the e-zone area, as well as a look at the financing options available. If such a project is found to not be feasible at this time, the study will also estimate the size of the "gap" -- the difference between the level of investment a developer can make and the amount of help needed to make it financially workable.
Wednesday, September 7, 2011
Tuesday, September 6, 2011
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Sunday, August 21, 2011
Speedway chief: Possible Danica Patrick 500 run 'great for Daytona'
Speedway chief: Possible Danica Patrick 500 run 'great for Daytona'
BY GODWIN KELLY, MOTORSPORTS EDITOR
August 21, 2011 1:00 AM
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NASCAR's biggest race, The Daytona 500, is still 188 days away but there's already a possibility it could pull in a record-breaking audience.
ESPN has reported Danica Patrick will announce Wednesday that she will leave the IndyCar Series to run a full-time NASCAR Nationwide Series schedule in 2012 with Dale Earnhardt Jr.'s team -- JR Motorsports.
She is also expected to enter a select number of Sprint Cup Series events for Stewart-Haas Racing -- a team co-owned by driver Tony Stewart. One of those Cup races could be the season-opening Daytona 500.
"Two of the greatest things that could happen for our sport is if Danica Patrick runs the Daytona 500 and Dale Earnhardt Jr. wins it," Fox commentator Larry McReynolds said in a phone interview Friday afternoon from Michigan International Speedway, where the Sprint Cup Series is scheduled to race today.
If Patrick joins NASCAR full time, she's expected to make a major impact in many areas, including TV ratings and ticket sales.
She has been tight-lipped about her plans, and told the media on Thursday, "Sorry to bore you, but there's nothing new to report."
Daytona International Speedway president Joie Chitwood III says he will monitor Patrick's upcoming news conference in Phoenix closely.
Patrick made her NASCAR debut at Daytona in 2010, prompting then-DIS president Robin Braig to send her a bouquet of flowers and spring for a lavish dinner.
"I'm eager to see what her limited Sprint Cup schedule might be," Chitwood said, "but I can't believe they wouldn't take a shot at the Daytona 500. I think it would be great for the sport, great for our fans, great for Daytona."
Chitwood said he can't draw a direct correlation between Patrick racing at Daytona and a boost in ticket sales, but said the attention she gets from media is a tide that will raise every boat.
And TV ratings.
According to ESPN, the network's highest-rated Nationwide Series race was Patrick's NASCAR debut. ESPN scored a 3.2 rating with some 4.2 million people watching that telecast. A typical ESPN Nationwide Series event gets a 1.5 rating, ESPN vice president of programming Julie Sobieski said.
"Danica has a history here as far as moving the ratings needle," Sobieski said in a phone interview from the company's campus in Bristol, Conn.
"When we recognize there is someone new coming into a series and think there is an opportunity to generate excitement with new fans and bring in new fans, it's a great opportunity. Danica has that ability."
For the last two seasons, Patrick has scurried back and forth from IndyCar to Nationwide Series events. Her first stock-car season was rough, almost exasperating. McReynolds said she lacked any humility.
"I like her attitude this year," said McReynolds, one of NASCAR's most successful crew chiefs until he turned to broadcasting in 2001. "When I met her the first time at Daytona a year ago, I was thinking, 'You are gonna have a long way Miss Patrick. You are not a very humble individual.'
"She never turned that around last year. It was always somebody else's fault when she wrecked no matter what the circumstances (were)."
McReynolds is old-school NASCAR. He worked as Dale Earnhardt's crew chief for a couple of years at Richard Childress Racing. Patrick's attitude touched a memory circuit of past racing experiences.
"She reminded me of what Richard Childress told Mike Skinner one time," McReynolds said. "He said, 'When you are involved in a wreck three or four weeks in a row, the one thing you need to evaluate is the common denominator.'
"I have seen a much more humble attitude from her this year. I don't care if you win races over here or don't win, but you better keep a humble attitude because this sport can put you up on the highest pedestal one week and shove you 20 feet under the next week. It will humble you out fast."
If Patrick were to win a Nationwide or Sprint Cup race, she would become the first female driver to visit Victory Lane in either of the two touring series.
Only two female drivers have raced in the Daytona 500 -- Janet Guthrie in 1977 and 1980 and Shawna Robinson in 2002 -- but neither had the horsepower Patrick will bring to the table.
Both of her prospective 2012 teams are supplied and supported by NASCAR behemoth Hendrick Motorsports -- whose stable of Cup drivers includes five-time champ Jimmie Johnson, Jeff Gordon and Earnhardt Jr.
Wins and losses aside, NASCAR's television partners are eager to have Patrick in the fold.
Every national series is broadcast by Fox, ESPN and TNT or their affiliated networks.
ESPN has a lot of skin in the game. It airs every Nationwide race and the second half of the Sprint Cup season.
Former Cup champion and ESPN commentator Rusty Wallace thinks Patrick will help bring a new audience to stock-car racing, which is trying to get the attention of the all-important 18-34 demographic.
"I'm happy she's going to be here," Wallace said by phone. "It's the right thing for her to do. She's struggled with jumping all over the place between IndyCar and NASCAR.
"She's wanted over here big time. For her to come over here and get completely involved is going to make her feel good. She'll have twice the fans cheering for her than she has right now."
Wallace and Patrick share a common bond. They were teammates in a Daytona Prototype for the 2006 Rolex 24 At Daytona.
Wallace got a glimpse at Patrick's competitive nature during that weekend of racing.
"She's very intense," Wallace said. "She wanted to do good really bad. I was impressed with her getting involved in the mechanical part of the car. She was not shy about throwing her opinion around."
Chitwood understands the nature of NASCAR. He says it's more than racing -- it's racing and the interaction of the people inside the sport.
"For us, the sport is built on personalities and the stories behind them," he said. "Danica is a great personality, and she has a great story in terms of how she has become so successful.
"From a very early age, she wanted to be a race driver and now she's enjoying all that hard work and effort. That's the story. Those kinds of stories attract new fans to our sport. That's really the element that can work for everybody."
BY GODWIN KELLY, MOTORSPORTS EDITOR
August 21, 2011 1:00 AM
You might also be interested in:
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NASCAR a family tradition, family a NASCAR tradition
Fans' messages 'priceless'
Speedway educates teachers with racing lessons
East Volusia Archives
NASCAR's biggest race, The Daytona 500, is still 188 days away but there's already a possibility it could pull in a record-breaking audience.
ESPN has reported Danica Patrick will announce Wednesday that she will leave the IndyCar Series to run a full-time NASCAR Nationwide Series schedule in 2012 with Dale Earnhardt Jr.'s team -- JR Motorsports.
She is also expected to enter a select number of Sprint Cup Series events for Stewart-Haas Racing -- a team co-owned by driver Tony Stewart. One of those Cup races could be the season-opening Daytona 500.
"Two of the greatest things that could happen for our sport is if Danica Patrick runs the Daytona 500 and Dale Earnhardt Jr. wins it," Fox commentator Larry McReynolds said in a phone interview Friday afternoon from Michigan International Speedway, where the Sprint Cup Series is scheduled to race today.
If Patrick joins NASCAR full time, she's expected to make a major impact in many areas, including TV ratings and ticket sales.
She has been tight-lipped about her plans, and told the media on Thursday, "Sorry to bore you, but there's nothing new to report."
Daytona International Speedway president Joie Chitwood III says he will monitor Patrick's upcoming news conference in Phoenix closely.
Patrick made her NASCAR debut at Daytona in 2010, prompting then-DIS president Robin Braig to send her a bouquet of flowers and spring for a lavish dinner.
"I'm eager to see what her limited Sprint Cup schedule might be," Chitwood said, "but I can't believe they wouldn't take a shot at the Daytona 500. I think it would be great for the sport, great for our fans, great for Daytona."
Chitwood said he can't draw a direct correlation between Patrick racing at Daytona and a boost in ticket sales, but said the attention she gets from media is a tide that will raise every boat.
And TV ratings.
According to ESPN, the network's highest-rated Nationwide Series race was Patrick's NASCAR debut. ESPN scored a 3.2 rating with some 4.2 million people watching that telecast. A typical ESPN Nationwide Series event gets a 1.5 rating, ESPN vice president of programming Julie Sobieski said.
"Danica has a history here as far as moving the ratings needle," Sobieski said in a phone interview from the company's campus in Bristol, Conn.
"When we recognize there is someone new coming into a series and think there is an opportunity to generate excitement with new fans and bring in new fans, it's a great opportunity. Danica has that ability."
For the last two seasons, Patrick has scurried back and forth from IndyCar to Nationwide Series events. Her first stock-car season was rough, almost exasperating. McReynolds said she lacked any humility.
"I like her attitude this year," said McReynolds, one of NASCAR's most successful crew chiefs until he turned to broadcasting in 2001. "When I met her the first time at Daytona a year ago, I was thinking, 'You are gonna have a long way Miss Patrick. You are not a very humble individual.'
"She never turned that around last year. It was always somebody else's fault when she wrecked no matter what the circumstances (were)."
McReynolds is old-school NASCAR. He worked as Dale Earnhardt's crew chief for a couple of years at Richard Childress Racing. Patrick's attitude touched a memory circuit of past racing experiences.
"She reminded me of what Richard Childress told Mike Skinner one time," McReynolds said. "He said, 'When you are involved in a wreck three or four weeks in a row, the one thing you need to evaluate is the common denominator.'
"I have seen a much more humble attitude from her this year. I don't care if you win races over here or don't win, but you better keep a humble attitude because this sport can put you up on the highest pedestal one week and shove you 20 feet under the next week. It will humble you out fast."
If Patrick were to win a Nationwide or Sprint Cup race, she would become the first female driver to visit Victory Lane in either of the two touring series.
Only two female drivers have raced in the Daytona 500 -- Janet Guthrie in 1977 and 1980 and Shawna Robinson in 2002 -- but neither had the horsepower Patrick will bring to the table.
Both of her prospective 2012 teams are supplied and supported by NASCAR behemoth Hendrick Motorsports -- whose stable of Cup drivers includes five-time champ Jimmie Johnson, Jeff Gordon and Earnhardt Jr.
Wins and losses aside, NASCAR's television partners are eager to have Patrick in the fold.
Every national series is broadcast by Fox, ESPN and TNT or their affiliated networks.
ESPN has a lot of skin in the game. It airs every Nationwide race and the second half of the Sprint Cup season.
Former Cup champion and ESPN commentator Rusty Wallace thinks Patrick will help bring a new audience to stock-car racing, which is trying to get the attention of the all-important 18-34 demographic.
"I'm happy she's going to be here," Wallace said by phone. "It's the right thing for her to do. She's struggled with jumping all over the place between IndyCar and NASCAR.
"She's wanted over here big time. For her to come over here and get completely involved is going to make her feel good. She'll have twice the fans cheering for her than she has right now."
Wallace and Patrick share a common bond. They were teammates in a Daytona Prototype for the 2006 Rolex 24 At Daytona.
Wallace got a glimpse at Patrick's competitive nature during that weekend of racing.
"She's very intense," Wallace said. "She wanted to do good really bad. I was impressed with her getting involved in the mechanical part of the car. She was not shy about throwing her opinion around."
Chitwood understands the nature of NASCAR. He says it's more than racing -- it's racing and the interaction of the people inside the sport.
"For us, the sport is built on personalities and the stories behind them," he said. "Danica is a great personality, and she has a great story in terms of how she has become so successful.
"From a very early age, she wanted to be a race driver and now she's enjoying all that hard work and effort. That's the story. Those kinds of stories attract new fans to our sport. That's really the element that can work for everybody."
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Saturday, August 20, 2011
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Wednesday, August 10, 2011
NASCAR HISTORY
Nascars early roots stemmed from the need of moonshine runners needing fast cars to escape the revenuers in the southeastern United States. Its history is colorful and quite unique. Originally founded in 1948, its first official race was run in Daytona beach on a track that was part beach and part asphalt. It was won by Red Byron , who would eventually win the first championship.
Daytona Beach Florida - Home To NASCAR
Six days later, at a meeting at the Streamline Hotel in Daytona, Nascar was born. Bill France was the first president. Known as the Grand National division until 1972, when France approached RJ Reynolds it became known as the Winston Cup as part of the agreement. Soon after, Nascars popularity blossomed with most of the races being sold out months before the race.
The drivers became household names. Lee and Richard Petty, the Flock brothers, Junior Johnson and others became legends . Richard Petty ended up winning an almost unthinkable and probably never broken record of 200 races. As far as Daytona, Nascar wasn’t only founded there, the fastest lap ever was recorded when Bill Elliott qualified at over 210 mph. It was started in 1957 and completed in 1959 with Lee Petty winning the inaugural race. Since then Daytona International Speedway has been home to one of the most prestigious sporting events, the Daytona 500. In the last 50 years Nascar has run all of its top three divisions at Daytona.
Are You A NASCAR FAN?
Many people from around the country vacation and live in Daytona Beach due to the races and NASCAR. To be up close and personal, to understand and feel the need for speed is what NASCAR is all about. Thinking of making Daytona Beach your home or are in search for the perfect condo or second home. Call me!
--------------------------------------------------------------------------------
Daytona Beach Florida - Home To NASCAR
Six days later, at a meeting at the Streamline Hotel in Daytona, Nascar was born. Bill France was the first president. Known as the Grand National division until 1972, when France approached RJ Reynolds it became known as the Winston Cup as part of the agreement. Soon after, Nascars popularity blossomed with most of the races being sold out months before the race.
The drivers became household names. Lee and Richard Petty, the Flock brothers, Junior Johnson and others became legends . Richard Petty ended up winning an almost unthinkable and probably never broken record of 200 races. As far as Daytona, Nascar wasn’t only founded there, the fastest lap ever was recorded when Bill Elliott qualified at over 210 mph. It was started in 1957 and completed in 1959 with Lee Petty winning the inaugural race. Since then Daytona International Speedway has been home to one of the most prestigious sporting events, the Daytona 500. In the last 50 years Nascar has run all of its top three divisions at Daytona.
Are You A NASCAR FAN?
Many people from around the country vacation and live in Daytona Beach due to the races and NASCAR. To be up close and personal, to understand and feel the need for speed is what NASCAR is all about. Thinking of making Daytona Beach your home or are in search for the perfect condo or second home. Call me!
--------------------------------------------------------------------------------
Vent to the government
Dino (@DinoDodani) has shared a Tweet with you:
"DinoDodani: Welcome to the party. http://t.co/zBtZIqL"
--http://twitter.com/DinoDodani/status/101293734318182400
"DinoDodani: Welcome to the party. http://t.co/zBtZIqL"
--http://twitter.com/DinoDodani/status/101293734318182400
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Tuesday, August 9, 2011
Exit realty florida blog
--http://twitter.com/EXITFLA/status/100889868481216512'>Dino (@DinoDodani) has shared a Tweet with you:
"EXITFLA: Posts from EXIT Realty Florida's Blog - http://eepurl.com/e-Y1E"
--http://twitter.com/EXITFLA/status/100889868481216512
"EXITFLA: Posts from EXIT Realty Florida's Blog - http://eepurl.com/e-Y1E"
--http://twitter.com/EXITFLA/status/100889868481216512
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Monday, August 8, 2011
Getting our aaa rating back
--http://twitter.com/jimcramer/status/100641486651146240'>Dino (@DinoDodani) has shared a Tweet with you:
"jimcramer: Here's how we get our AAA rating back -- http://th.st/5Y4nj"
--http://twitter.com/jimcramer/status/100641486651146240
"jimcramer: Here's how we get our AAA rating back -- http://th.st/5Y4nj"
--http://twitter.com/jimcramer/status/100641486651146240
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Sunday, August 7, 2011
Michio kaku
Dino (@DinoDodani) has shared a Tweet with you:
"michiokaku: I will be on the Discovery channels Curiosity program Sunday night commenting about God and physics."
--http://twitter.com/michiokaku/status/100086314954792961
"michiokaku: I will be on the Discovery channels Curiosity program Sunday night commenting about God and physics."
--http://twitter.com/michiokaku/status/100086314954792961
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Thursday, August 4, 2011
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Wednesday, August 3, 2011
Saturday, July 30, 2011
Kamal and Manishas wedding
Wedding video
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Thursday, June 30, 2011
Home sales up
Pending Home Sales Turn Around in May
Washington, DC, June 29, 2011
Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors®.
The ,* a forward-looking indicator based on contract signings,
Pending Home Sales Index
rose 8.2 percent to 88.8 in May from an upwardly revised 82.1 in April and is 13.4 percent higher than the 78.3 reading in May 2010. The data reflects contracts but not closings, which normally occur with a lag time of one or two months.
This is the first time since April 2010 that contract activity was above year-ago levels, and the monthly gain was the strongest increase since last November when the index rose 10.6 percent.
Lawrence Yun
, NAR chief economist, said the improvement bodes well for home prices. “Absorption of inventory is the key to price improvement, and this solid gain in contract signings implies that home values in many localities are or will soon be stabilizing as inventories get absorbed at a faster pace,” he said. “Some markets have made a rapid turnaround, going from soft activity to contract signings rising by more than 30 percent from a year ago, including areas such as Hartford, Conn.; Indianapolis; Minneapolis; Houston; and Seattle.”
Pending home sales have trended up unevenly since bottoming last June, rising in seven of the past 11 months. “Home sales still could be 15 to 20 percent higher,” Yun said. “If banks would simply return to normal sound underwriting standards and begin lending to more creditworthy borrowers, we’d get a much faster recovery in the housing sector.”
“In addition, a nonsensical situation has developed recently in some states with HUD unable to complete foreclosure deals because of insufficient funds to pay attorney fees at closing, even with buyers offering the full listing price,” Yun added.
The PHSI in the Northeast rose 7.3 percent to 69.2 in May and is 4.4 percent above a year ago. In the Midwest the index jumped 10.5 percent to 82.8 and is 17.2 percent higher than May 2010. Pending home sales in the South increased 4.1 percent to an index of 95.0 in May and are 14.6 percent higher than a year ago. In the West the index surged 12.9 percent to 100.6 and is 13.5 percent above May 2010.
Yun cautioned that healthy job creation is necessary to ensure a solid recovery in both housing and the overall economy. “The job market has sputtered recently, and because variations in local job creation impact housing demand, markets will recover unevenly around the country,” he said.
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.
Washington, DC, June 29, 2011
Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors®.
The ,* a forward-looking indicator based on contract signings,
Pending Home Sales Index
rose 8.2 percent to 88.8 in May from an upwardly revised 82.1 in April and is 13.4 percent higher than the 78.3 reading in May 2010. The data reflects contracts but not closings, which normally occur with a lag time of one or two months.
This is the first time since April 2010 that contract activity was above year-ago levels, and the monthly gain was the strongest increase since last November when the index rose 10.6 percent.
Lawrence Yun
, NAR chief economist, said the improvement bodes well for home prices. “Absorption of inventory is the key to price improvement, and this solid gain in contract signings implies that home values in many localities are or will soon be stabilizing as inventories get absorbed at a faster pace,” he said. “Some markets have made a rapid turnaround, going from soft activity to contract signings rising by more than 30 percent from a year ago, including areas such as Hartford, Conn.; Indianapolis; Minneapolis; Houston; and Seattle.”
Pending home sales have trended up unevenly since bottoming last June, rising in seven of the past 11 months. “Home sales still could be 15 to 20 percent higher,” Yun said. “If banks would simply return to normal sound underwriting standards and begin lending to more creditworthy borrowers, we’d get a much faster recovery in the housing sector.”
“In addition, a nonsensical situation has developed recently in some states with HUD unable to complete foreclosure deals because of insufficient funds to pay attorney fees at closing, even with buyers offering the full listing price,” Yun added.
The PHSI in the Northeast rose 7.3 percent to 69.2 in May and is 4.4 percent above a year ago. In the Midwest the index jumped 10.5 percent to 82.8 and is 17.2 percent higher than May 2010. Pending home sales in the South increased 4.1 percent to an index of 95.0 in May and are 14.6 percent higher than a year ago. In the West the index surged 12.9 percent to 100.6 and is 13.5 percent above May 2010.
Yun cautioned that healthy job creation is necessary to ensure a solid recovery in both housing and the overall economy. “The job market has sputtered recently, and because variations in local job creation impact housing demand, markets will recover unevenly around the country,” he said.
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.
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Tuesday, June 28, 2011
Tuesday, June 14, 2011
MG ON THE HALIFAX
FOR IMMEDIATE RELEASE
Pier for MG on the Halifax Marina Opening Summer 2011
HOLLY HILL, Fla. – June 14, 2011 – MG on the Halifax is on track to complete the new pier at the MG Marina in Summer 2011.
The marina construction that began this month is part of a $6 million expansion at MG that also includes an 11,000-square foot state-of-the-art clubhouse and fitness center and a 5,000 square foot, zero-entry resort-quality pool expected to open in February 2012. The access pier for Phase I of the private marina will be completed this summer.
The MG Marina will provide owners a launching point to the Halifax River and Volusia County’s most popular recreation – fresh-water and deep-sea fishing, water-skiing, tubing, bird-watching and more.
Located near the Seabreeze Boulevard Bridge of Daytona Beach and within view of historic Ormond Beach to the north, the marina provides easy access to the Atlantic through nearby Ponce Inlet to the south. Plans for Phase II construction include more than 30 slips designed to accommodate vessels up to 30 feet.
“Residents will be able to walk to their boat for a sunset sail or slip out in the morning to go fishing - every day if they want. That’s luxury you could never get tired of, and it’s so distinctly part of the Daytona Beach area lifestyle, “ says Brett Dill, president of Tarpon Partners.
MG on the Halifax is owned by a joint venture co-sponsored by Tarpon Partners – an affiliate of South Florida-based Swerdlow Group – and New York City-based Glenmont Capital Management, LLC. The joint venture took over the property by acquiring the remaining unsold inventory of MG on the Halifax earlier this year.
From anglers to bicyclists, the pet-friendly property features multiple facets that will appeal to those seeking an active lifestyle in a central location. MG on the Halifax offers intimate waterfront condos in two, 25-story towers that currently feature 486 two- to three-bedrooms units ranging in size from 1,650- to 2,300-square-feet with the combination flexibility to create larger units. These high-end condominium units were constructed with top-of-the-line materials, featuring nine-foot ceilings in the living areas, sleek stainless steel appliances and Italian cabinets in the kitchens and glass balcony rails.
MG on the Halifax opened its new Sales Center this spring, offering previews of model homes designed exclusively by Interiors by Steven G., which has a design portfolio that includes some of the most prestigious properties in the world such as Trump Hollywood, Ritz Carlton Residences on Singer Island.
“Since opening the Sales Center, MG has generated strong interest from Daytona and Orlando and international buyers who see our homes and their spectacular views, “ Dill says. “The new marina and the clubhouse will bring even more value to prospective MG owners.”
The Sales Center at 241 Riverside Drive, Tower 2, Suite 1801 in Holly Hill is open Monday-Friday from 10 a.m. to 6 p.m., Saturday from 10 a.m. to 5 p.m., and Sunday from noon to 5 p.m. For more information, call 386-310-1337 or 855-892-0404.
About MG on the Halifax
MG on the Halifax (http://www.mgonthehalifax.com/) is a thriving property owned and operated by a joint venture co-sponsored by Tarpon Partners – an affiliate of South Florida based The Swerdlow Group – and New York City-based Glenmont Capital Management, LLC. The Swerdlow Group, based in Coconut Grove, is a leader in the Florida real estate industry, developing dozens of strategically planned real estate projects since 1987 in South Florida and across the state. Glenmont Capital Management, LLC is a Manhattan based real estate investment firm that manages a series of closed end opportunity funds on behalf its institutional investors that include pension plans of Fortune 500 companies, university endowments and family offices
Pier for MG on the Halifax Marina Opening Summer 2011
HOLLY HILL, Fla. – June 14, 2011 – MG on the Halifax is on track to complete the new pier at the MG Marina in Summer 2011.
The marina construction that began this month is part of a $6 million expansion at MG that also includes an 11,000-square foot state-of-the-art clubhouse and fitness center and a 5,000 square foot, zero-entry resort-quality pool expected to open in February 2012. The access pier for Phase I of the private marina will be completed this summer.
The MG Marina will provide owners a launching point to the Halifax River and Volusia County’s most popular recreation – fresh-water and deep-sea fishing, water-skiing, tubing, bird-watching and more.
Located near the Seabreeze Boulevard Bridge of Daytona Beach and within view of historic Ormond Beach to the north, the marina provides easy access to the Atlantic through nearby Ponce Inlet to the south. Plans for Phase II construction include more than 30 slips designed to accommodate vessels up to 30 feet.
“Residents will be able to walk to their boat for a sunset sail or slip out in the morning to go fishing - every day if they want. That’s luxury you could never get tired of, and it’s so distinctly part of the Daytona Beach area lifestyle, “ says Brett Dill, president of Tarpon Partners.
MG on the Halifax is owned by a joint venture co-sponsored by Tarpon Partners – an affiliate of South Florida-based Swerdlow Group – and New York City-based Glenmont Capital Management, LLC. The joint venture took over the property by acquiring the remaining unsold inventory of MG on the Halifax earlier this year.
From anglers to bicyclists, the pet-friendly property features multiple facets that will appeal to those seeking an active lifestyle in a central location. MG on the Halifax offers intimate waterfront condos in two, 25-story towers that currently feature 486 two- to three-bedrooms units ranging in size from 1,650- to 2,300-square-feet with the combination flexibility to create larger units. These high-end condominium units were constructed with top-of-the-line materials, featuring nine-foot ceilings in the living areas, sleek stainless steel appliances and Italian cabinets in the kitchens and glass balcony rails.
MG on the Halifax opened its new Sales Center this spring, offering previews of model homes designed exclusively by Interiors by Steven G., which has a design portfolio that includes some of the most prestigious properties in the world such as Trump Hollywood, Ritz Carlton Residences on Singer Island.
“Since opening the Sales Center, MG has generated strong interest from Daytona and Orlando and international buyers who see our homes and their spectacular views, “ Dill says. “The new marina and the clubhouse will bring even more value to prospective MG owners.”
The Sales Center at 241 Riverside Drive, Tower 2, Suite 1801 in Holly Hill is open Monday-Friday from 10 a.m. to 6 p.m., Saturday from 10 a.m. to 5 p.m., and Sunday from noon to 5 p.m. For more information, call 386-310-1337 or 855-892-0404.
About MG on the Halifax
MG on the Halifax (http://www.mgonthehalifax.com/) is a thriving property owned and operated by a joint venture co-sponsored by Tarpon Partners – an affiliate of South Florida based The Swerdlow Group – and New York City-based Glenmont Capital Management, LLC. The Swerdlow Group, based in Coconut Grove, is a leader in the Florida real estate industry, developing dozens of strategically planned real estate projects since 1987 in South Florida and across the state. Glenmont Capital Management, LLC is a Manhattan based real estate investment firm that manages a series of closed end opportunity funds on behalf its institutional investors that include pension plans of Fortune 500 companies, university endowments and family offices
Monday, March 14, 2011
Credit-score myths can derail attempts to borrow
WASHINGTON – March 14, 2011 – When it comes to building a better credit score, you’ll never get ahead if you make your money moves based on myths. And credit scores continue to be confusing – even though more information is out there to help consumers.
Most consumers, for example, do not know how much extra money a bad credit score can take out of their pockets when they use a credit card or take out a car loan.
Take a $20,000, 60-month car loan. Most consumers – about 70 percent – don’t realize that a borrower with a bad credit score could pay about $5,000 more in interest than someone with a good score, according to a survey by the Consumer Federation of America and VantageScore Solutions.
“They did not understand the financial cost of a low score,” said Stephen Brobeck, executive director of the Consumer Federation of America, an association of nonprofit consumer organizations.
Consumer credit scores sank to new lows after the recession. FICO disclosed that 25.5 percent of consumers – nearly 43.4 million people – had a credit score of 599 or below, which means they’re deemed poor risks and either won’t get loans or will pay very dearly for credit cards, car loans or mortgages.
Your credit report could come into play if an employer wanted to consider you for a promotion or reassignment, too.
Consumers need to understand that they can actually save money – even if their score isn’t all that hot – by shopping around for a car loan. “The biggest myth is if you comparison-shop, it will destroy your credit scores. It will not,” Brobeck said.
Another point of confusion: A credit score of around 700 or higher might not be all that great. What’s considered a strong credit score is going to depend on the type of scale that’s used.
Is the range from 300 to 800? Or is the highest score on the scale more than 900?
Brobeck said consumers should understand that 650 or 700 isn’t necessarily a good score now. Lenders also draw different lines for the best rates.
Let’s look at other myths:
Myth No. 1: Keep the balances on your credit card at 50 percent or less of the available lines of credit.
Truth: You’d want to use no more than 10 percent of your available credit for an ideal ratio. So if you have $10,000 of available credit on a credit card, you’d want to use no more than $1,000 to earn the highest possible credit score.
Paying off a balance won’t hurt your credit score.
But you don’t want to charge a $5,000 income tax payment on a credit card if you won’t pay it off soon and want to shop for a car loan or refinance a mortgage in the coming months.
“Avoid any major purchases on your credit card if you’re about to apply for an important loan,” said Gerri Detweiler, personal finance expert for Credit.com.
Myth No 2: Paying cash is the only way to go to build a good credit score.
Truth: You’re actually better off keeping two or three credit cards open. It could be a major credit card and a credit card from a department store or other favorite store.
If you don’t have credit records, you might not even have a credit score.
You do not have to use all your cards all the time. “It’s not that you have to go and shop at the Banana Republic every single month,” Detweiler said. The amount of available credit you have doesn’t hurt your credit score. Instead, it’s the amount of debt you carry in relation to that available credit – and how well you pay your bills on time that matters more to lenders.
“What they’re more interested in is how you’re using that credit,” Detweiler said.
Even an installment loan – say, a zero-percent car loan that you might pay off early – can help build a better score.
Myth No 3: Finally paying off a big debt – like back taxes owed for years – will automatically boost your credit score.
Truth: It’s not that simple.
Tax liens, for example, can be way worse on a credit report than many people realize – and still hurt your score even after you’ve paid off the debt. That’s because the lien shows up on your report when the Internal Revenue Service files notice of a lien. The tax lien can remain an additional seven years even after it is shown as “released.”
It’s worse if you never pay off that tax debt. An unpaid tax lien can remain on a credit file indefinitely, said John Ulzheimer, president of Consumer Education for SmartCredit.com.
On Feb. 24, the IRS released details of new policies regarding the collection of unpaid taxes and liens. Some of this new change will help consumers. As part of the policy, a federal tax lien could be withdrawn once full payment of taxes is made – but the consumer must request that the lien is withdrawn. Still, Ulzheimer said the change could be great news – and boost a credit score – for some consumers, especially if the tax lien was the only blemish on that credit report.
To find out more information on credit scores:
• Interactive Web quiz to better understand how credit scores are calculated: http://www.creditscorequiz.org
• For details on how credit reports work: http://www.federalreserve.gov/creditreports
• At the Federal Trade Commission’s website, look under consumer protection and then consumer information:http://www.ftc.gov
• The FTC points out that credit-reporting companies can provide information to employers. Credit-reporting companies also sell information to creditors, insurers and other businesses that, in turn, use it to evaluate your applications for credit, insurance or renting a place to live.
• Consumers should regularly review their credit report. The accuracy of information on credit reports can influence credit scores. Obtain that before applying for a car loan or mortgage.
• Consumers can receive a free copy of their credit reports once a year from each of the three nationwide credit-reporting companies at http://www.annualcreditreport.com or by calling 877-322-8228. If you order by phone, your request will be mailed within 15 days.
• Beginning July 21, lenders will be required to provide a free credit score when consumers are rejected for a loan or required to pay a higher rate than the best one available.
© 2011 Detroit Free Press, Susan Tompor. Distributed by McClatchy-Tribune Information Services.
Most consumers, for example, do not know how much extra money a bad credit score can take out of their pockets when they use a credit card or take out a car loan.
Take a $20,000, 60-month car loan. Most consumers – about 70 percent – don’t realize that a borrower with a bad credit score could pay about $5,000 more in interest than someone with a good score, according to a survey by the Consumer Federation of America and VantageScore Solutions.
“They did not understand the financial cost of a low score,” said Stephen Brobeck, executive director of the Consumer Federation of America, an association of nonprofit consumer organizations.
Consumer credit scores sank to new lows after the recession. FICO disclosed that 25.5 percent of consumers – nearly 43.4 million people – had a credit score of 599 or below, which means they’re deemed poor risks and either won’t get loans or will pay very dearly for credit cards, car loans or mortgages.
Your credit report could come into play if an employer wanted to consider you for a promotion or reassignment, too.
Consumers need to understand that they can actually save money – even if their score isn’t all that hot – by shopping around for a car loan. “The biggest myth is if you comparison-shop, it will destroy your credit scores. It will not,” Brobeck said.
Another point of confusion: A credit score of around 700 or higher might not be all that great. What’s considered a strong credit score is going to depend on the type of scale that’s used.
Is the range from 300 to 800? Or is the highest score on the scale more than 900?
Brobeck said consumers should understand that 650 or 700 isn’t necessarily a good score now. Lenders also draw different lines for the best rates.
Let’s look at other myths:
Myth No. 1: Keep the balances on your credit card at 50 percent or less of the available lines of credit.
Truth: You’d want to use no more than 10 percent of your available credit for an ideal ratio. So if you have $10,000 of available credit on a credit card, you’d want to use no more than $1,000 to earn the highest possible credit score.
Paying off a balance won’t hurt your credit score.
But you don’t want to charge a $5,000 income tax payment on a credit card if you won’t pay it off soon and want to shop for a car loan or refinance a mortgage in the coming months.
“Avoid any major purchases on your credit card if you’re about to apply for an important loan,” said Gerri Detweiler, personal finance expert for Credit.com.
Myth No 2: Paying cash is the only way to go to build a good credit score.
Truth: You’re actually better off keeping two or three credit cards open. It could be a major credit card and a credit card from a department store or other favorite store.
If you don’t have credit records, you might not even have a credit score.
You do not have to use all your cards all the time. “It’s not that you have to go and shop at the Banana Republic every single month,” Detweiler said. The amount of available credit you have doesn’t hurt your credit score. Instead, it’s the amount of debt you carry in relation to that available credit – and how well you pay your bills on time that matters more to lenders.
“What they’re more interested in is how you’re using that credit,” Detweiler said.
Even an installment loan – say, a zero-percent car loan that you might pay off early – can help build a better score.
Myth No 3: Finally paying off a big debt – like back taxes owed for years – will automatically boost your credit score.
Truth: It’s not that simple.
Tax liens, for example, can be way worse on a credit report than many people realize – and still hurt your score even after you’ve paid off the debt. That’s because the lien shows up on your report when the Internal Revenue Service files notice of a lien. The tax lien can remain an additional seven years even after it is shown as “released.”
It’s worse if you never pay off that tax debt. An unpaid tax lien can remain on a credit file indefinitely, said John Ulzheimer, president of Consumer Education for SmartCredit.com.
On Feb. 24, the IRS released details of new policies regarding the collection of unpaid taxes and liens. Some of this new change will help consumers. As part of the policy, a federal tax lien could be withdrawn once full payment of taxes is made – but the consumer must request that the lien is withdrawn. Still, Ulzheimer said the change could be great news – and boost a credit score – for some consumers, especially if the tax lien was the only blemish on that credit report.
To find out more information on credit scores:
• Interactive Web quiz to better understand how credit scores are calculated: http://www.creditscorequiz.org
• For details on how credit reports work: http://www.federalreserve.gov/creditreports
• At the Federal Trade Commission’s website, look under consumer protection and then consumer information:http://www.ftc.gov
• The FTC points out that credit-reporting companies can provide information to employers. Credit-reporting companies also sell information to creditors, insurers and other businesses that, in turn, use it to evaluate your applications for credit, insurance or renting a place to live.
• Consumers should regularly review their credit report. The accuracy of information on credit reports can influence credit scores. Obtain that before applying for a car loan or mortgage.
• Consumers can receive a free copy of their credit reports once a year from each of the three nationwide credit-reporting companies at http://www.annualcreditreport.com or by calling 877-322-8228. If you order by phone, your request will be mailed within 15 days.
• Beginning July 21, lenders will be required to provide a free credit score when consumers are rejected for a loan or required to pay a higher rate than the best one available.
© 2011 Detroit Free Press, Susan Tompor. Distributed by McClatchy-Tribune Information Services.
Monday, March 7, 2011
Saturday, February 26, 2011
Tuesday, February 1, 2011
Friday, January 28, 2011
Tuesday, January 25, 2011
Monday, January 24, 2011
Tuesday, January 18, 2011
Monday, January 17, 2011
Monday, January 10, 2011
THE LAST NEW CONDO BUILDING
THE OPUS CONDOMINIUM
EXCLUSIVELY SOLD BY EXIT REALTY OF DAYTONA
VERY rare opportunity to capitalize on the liquidation of one of the last remaining OCEANFRONT condo buildings in the Nation. VERY limited number of units at well BELOW construction cost
It's your time to relax and enjoy life. . .that's the rhythm and style of Opus. Spacious 3-bedroom plans surround you with the beauty and serenity of the oceanfront. Views are long and wide, featuring miles of sugar sand beaches, boats navigating the Halifax River and the lights of Daytona Beach.
Opus is a special place. Gourmet kitchens and luxury appointments complement the stunning panoramic views. A superb package of amenities include an oceanfront swimming pool, club room and and fitness center. Opus is your kind of place... sit back and listen to the ocean. The good life is yours to enjoy.
Prices start in the low $200,000's
THE OPUS WAS PREVIOUSLY ISLAMORADA
FOLLOW THIS LINK TO VIEW THE PREVIOUS PRICES...
Click on the link below to view the properties:
http://www.dabmls.com/day/maildoc/sd_OnZyXB20110111000652.html
CURRENT WHOLESALE PRICES ARE LISTED BELOW!
CALL SOON FOR BEST AVAILABILITY!





EXCLUSIVELY SOLD BY EXIT REALTY OF DAYTONA
VERY rare opportunity to capitalize on the liquidation of one of the last remaining OCEANFRONT condo buildings in the Nation. VERY limited number of units at well BELOW construction cost
It's your time to relax and enjoy life. . .that's the rhythm and style of Opus. Spacious 3-bedroom plans surround you with the beauty and serenity of the oceanfront. Views are long and wide, featuring miles of sugar sand beaches, boats navigating the Halifax River and the lights of Daytona Beach.
Opus is a special place. Gourmet kitchens and luxury appointments complement the stunning panoramic views. A superb package of amenities include an oceanfront swimming pool, club room and and fitness center. Opus is your kind of place... sit back and listen to the ocean. The good life is yours to enjoy.
Prices start in the low $200,000's
THE OPUS WAS PREVIOUSLY ISLAMORADA
FOLLOW THIS LINK TO VIEW THE PREVIOUS PRICES...
Click on the link below to view the properties:
http://www.dabmls.com/day/maildoc/sd_OnZyXB20110111000652.html
CALL SOON FOR BEST AVAILABILITY!
UNIT A
3 Bedrooms, 2 Baths
Living Area 1,730 sq. ft.
Living Area 1,730 sq. ft.
Balcony 154 sq. ft.
TOTAL: 1,884 sq. ft.
TOTAL: 1,884 sq. ft.
This unit faces west.

UNIT B
3 Bedrooms, 2 Baths
Living Area 1,814 sq. ft.
Living Area 1,814 sq. ft.
Balcony 199 sq. ft.
TOTAL: 2,013 sq. ft.
TOTAL: 2,013 sq. ft.
This unit faces north.

UNIT C
3 Bedrooms, 3 Baths
Living Area 1,951 sq. ft.
Living Area 1,951 sq. ft.
Balcony 138 sq. ft.
TOTAL: 2,089 sq. ft.
TOTAL: 2,089 sq. ft.
This unit faces northeast.

UNIT D
3 Bedrooms, 3 Baths
Living Area 1,951 sq. ft.
Living Area 1,951 sq. ft.
Balcony 138 sq. ft.
TOTAL: 2,089 sq. ft.
TOTAL: 2,089 sq. ft.
This unit faces southeast.

UNIT E
3 Bedrooms, 2 Baths
Living Area 1,866 sq. ft.
Living Area 1,866 sq. ft.
Balcony 199 sq. ft.
TOTAL: 2,065 sq. ft.
TOTAL: 2,065 sq. ft.
This unit faces south.

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