Welcome to the Florida Chapter
The CCIM Florida Chapter is about Education and Networking for commercial real estate professionals. We have the best Candidate Guidance Committee to help our Candidate Members complete the path towards the prestigious CCIM Designation.
Besides Introductory Courses and the four Core Courses, we offer throughout the State many educational opportunities to continue to improve as professionals in the commercial real estate field. We also offer many networking opportunities for Florida members, come for the Education and Stay for the Business.
Mid-Winter Business Meetings
Published: Jan 20, 2013
Our Mid-Winter Business Meetings will be held on January 24-25, 2013 at the Renaissance Orlando at Seaworld. To register please click here.
Published: Jan 20, 2013
Short Sale Guidlines
Short-Sales seem to be the norm today, and, most of us have experienced the process by now. The following reflects new guidelines that came into play on November 1st. and impacts all mortgages controlled by Fannie Mae and Freddie Mac.
Quicker approvals are expected under the new guidelines for homeowners affected by financial hardship, are relocated by the military or held back by a second mortgage on their home.
FHFA has provided more consistent guidelines to process short sales and consolidate existing short sales programs into a single uniform program.
Fannie Mae and Freddie Mac will offer up to $6000 to second lien holders to expedite short sales.
A most important feature of the new guidelines is that Fannie and Freddie will not pursue deficiency judgments in some cases. Servers will evaluate borrowers as part of the short sale approval process
Also very important…borrowers facing an approved hardship do not have to be delinquent.
The following mortgage servicers will be permitted to approve a short sale without requiring Fannie or Freddie to sign off:
CMO MORTGAGE Insurance Company
Essent Gurananty, Inc.
Radian Guaranty, Inc., Republic Mortgage Insurance Company
Mortgage Guaranty Insurance Corporation
Genworth Mortgage Insurance Corporation
PMI Mortgage Insurance Company
These guidelines are designed to streamline the process and move short sales along.
Let’s hope they do!
Incoming President's Letter
Published: Jan 20, 2013
Happy New Year! As 2013 Florida CCIM Chapter President, thank you for the opportunity to serve.
Thanks to Gaston Reboredo for all his leadership and work as chapter president in 2012. We also need to thank other members of his leadership team, committee chairs and district officers. They are Sandra Kahle, Peter Barnett, Randy Krise, JM Padron, Kane Morris Webster, Steve Silverman, Chere Roane, Claudette Bruck, Sage Andress, Wayne Kleinstiver, Ajay Babbar, Rick Orr, Barbara Monahan, Charlie Brenner, Bret Felberg, Marc Oram, Joe Pelayo, Matt Rotolante, Frank Rodriguez, Steve Smith, Linda Daniels, Stewart Proctor, Preston Hall, Enn Luthringer, Mike Doyle, Avi Adler. Along with Wayne, Barbara and Kane as Past Presidents working as at large directors were Lou Nimkoff and Roger Broderick.
I point out these volunteers not only to thank them for helping make the chapter better, but to say working with this group is a terrific networking opportunity and time to make friendships with colleagues that will last a lifetime. Come join us. We need new talent and ideas. The business from networking with these pros makes it a great investment of your time.
Your 2013 chapter officers, directors, committee chairs and district officers have all been active planning for the year; more about them later.
Your support and input is needed at our January meetings in Orlando. Your Executive Committee is working on a three year budgeting plan that will require considerable updating of the chapter strategic plan. We want more of a long term focus on designation promotion, education and networking events. This idea is recommended by the Institute and is the right path for our chapter. It will bring longer term plans that succeeding leaders can build on.
At our meetings, we will ask for approval of the 2013 budget and framework for the 2014 & 2015 budget and strategic plan. A complete 2014/2015 plan will take time and effort from many to complete by our August meetings. Ideally, I would like us to approve the next year’s budget and next two out year’s budgets and business plans at August meetings. Don’t know that possible by August 2013, but think given time, we can move our upcoming leaders thinking this far in advance.
Recent years of budget cutting and streamlining of operations will allow the chapter and districts to focus more resources on member benefits. Members need help teaching that a CCIM is the expert needed in solving real estate problems. It costs no more and benefits both buyers and sellers to work with CCIM designees. How we promote you, as well as when and how much to spend is critical parts of future plans. You have a vested interest in these decisions and your participation in the process is needed.
Please come share your thoughts with fellow chapter members January 24th at the Orlando Sea World Renaissance Hotel.
Danny Smith and Ryan Sampson are leading the Chapter Designation Promotion Committee. They would welcome your input on this important subject.
Sage Andress is leading the Sponsorship Committee and needs a vice chair to help build this program. State wide and local event sponsors all can help provide better events and defray costs to members. If you are interested in working with Sage, please contact him or myself.
These are exciting times with opportunities all around. As survivors and thrivers of the great boom and crash, you are in first position to separate yourselves as the authority in your specialty and market.
Look forward to seeing old friends and meeting new ones this year at different events.
Foreclosures to Rentals
Published: Apr 04, 2012
Bank of America to offer rentals as foreclosure alternative.
NEW YORK – March 23, 2012 – Bank of America says it hasbegun a pilot program offering some of its mortgage customerswho are facing foreclosure a chance to stay in their homes bybecoming renters instead of owners. The "Mortgage to Lease"program, which was launched this week, will be available to fewerthan 1,000 BofA customers selected by the bank in test markets inArizona, Nevada and New York. Participants will transfer theirhome's title to the bank, which will then forgive the outstandingmortgage debt. In exchange, they will be able to lease their homefor up to three years at or below the rental market rate. The rentwill be less than the participants' current mortgage payments andcustomers will not have to pay property taxes or homeownersinsurance, the bank said. "This pilot will help determine whetherconversion from homeownership to rental is something ourcustomers, the community and investors will support," RonSturzenegger, legacy asset servicing executive of Bank of America,said in a statement. Among requirements to qualify for the program,homeowners must have a BofA loan, be behind at least 60 days onpayments and be "underwater," owing more on their mortgagesthan their homes are worth. The bank based in Charlotte, N.C.,said it will at first own the homes, then sell them to investors.If the program is successful, it could be expanded to includereal-estate investors who buy qualifying properties and keep theoccupants on as tenants. "If this evolves from a pilot into a morebroadly based program, we also see potential benefits fromhelping to stabilize housing prices in the surrounding communityand curtail neighborhood blight by keeping a portion of distressedproperties off the market," Sturzenegger said. Foreclosure trackingfirm RealtyTrac says foreclosure activity has picked up in somestates, as banks deal with a backlog of homes with mortgages thathad gone unpaid yet remained in limbo due to delays stemmingfrom foreclosure-abuse claims. Nevada has the nation's highestforeclosure rate as of last month, with one in every 278 householdsin the state receiving a foreclosure-related filing, twice the nationalaverage, according to RealtyTrac. Arizona ranks third behindCalifornia, while New York has not been as hard hit, with one inevery 4,604 households receiving a foreclosure-related filing.
FL CCIM Chapter Legislative Chair
Published: Apr 02, 2012
This year, the legislative session began early, as most of you know…faced with the once every ten years task of redrawing politicalboundaries. Much energy was also spent on dealing with the$2 Million Dollar shortfall.
Once again, Sadowski Affordable Housing Trust Funds weremoved to general revenue; however, funds were appropriatedfor tourism and economic development; both of which serve toimprove the real estate market.
$27.5 million has been scheduled to fund Florida's marketingagency, "Visit Florida." $ 8.6 million has been scheduled tofund Florida's economic development agency, "EnterpriseFlorida." $61 million is expected to fund affordable housingprograms through the State Economic Enhancementand Development Fun and other development funds.
In addition, the following has been set aside: $1.5 million to study nitrogen reduction and develop newtechnology for passive septic systems. $285,00 has been setaside to control unlicensed activity…$8.4 million has beenset aside for the Florida Forever land acquisition programand $30 million for much needed Everglades restoration.
Claudette Bruck, CCIM, GRI, CIPS, REALTOR
- CCIM Institute Spring Meeting Apr 14, 2013 - Apr 18, 2013
- CI 104 Orlando Apr 22, 2013 - Apr 25, 2013
- CI Intro West Palm Beach May 09, 2013 - May 10, 2013
- CI 103 Tampa Jun 03, 2013 - Jun 06, 2013
- CI Intro Ft Myers Aug 08, 2013 - Aug 09, 2013
- Financial Analysis Tools for Commercial Investment Real Estate Sep 12, 2013 - Sep 12, 2013
- CI 102 Miami Sep 16, 2013 - Sep 19, 2013
- CI Intro Miami Oct 10, 2013 - Oct 11, 2013
- CI 101 Orlando Nov 11, 2013 - Nov 14, 2013
- Summer Business Meetings Aug 14, 2014 - Aug 15, 2014