Fort Lauderdale Real Estate News

In the heart of downtown Fort Lauderdale, this high floor corner unit at Nu River Landing is being offered for sale via a short sale (pre-foreclosure) at $299,000.

This condo features 2 bedrooms, 2 baths with just under 1,300 square feet of living area and offers an ocean view.

Nu River Landing Condo situated riverfront in Downtown Fort Lauderdale, was built in 2006 and offers residents luxurious amenities including a roof-top pool and Club Room with panoramic views of the Atlantic Ocean, Nu River, Intracoastal, Downtown Fort Lauderdale and views as far south as Miami.

Residents also enjoy a 2-story Fitness Area, Business Center, Meditation Garden, valet, 24-Hour Security and onsite Management.

For more information on this Fort Lauderdale condo or other condos for sale in Fort Lauderdale, including short sales and foreclosures, contact John Sabia at 954-850-2397.

Visit the #1 Fort Lauderdale Real Estate website where you can search for homes and condos for sale with photos, virtual tours and detailed property brochures.

*Note: Short Sales are subject to lender(s) approval.

On July 26th, in a rare weekend session, the Senate approve a bill that has many trumpeting as the most consequential housing legislation in decades. With bi-partisan support, 72-13, the bill is aimed at assisting homeowners struggling to make their ballooning mortgage payments refinance into more affordable loans, avoid foreclosure and ultimately keep their homes.

Some estimates indicate that there are approximately 2 million people going through some stage of the foreclosure process. This bill now provides them the opportunity to restructure their loan payments, avoid foreclosure and stay in their homes.

After originally calling the bill an expensive bail-out for irresponsible borrowers and lenders, President Bush has indicated that he will sign the bill later this week. About 400,000 families could see some relief as early as this fall.

The portion of the bill that permits homeowners to refinance into more favorable loans will only be available for a few years.

Also included in this bill, about 4 billion in grants for purchasing and renovating foreclosed properties in hard hit areas, funding for new housing counselors and a tax refund for first time home-buyers.

Summary of The Housing and Economic Recovery Act of 2008

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