?It is the mark of an educated mind to be able to entertain a thought without accepting it.? Aristotle
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Disclaimer of Liability
ccim news center
The extension of the National Flood Insurance Program (NFIP) is a multifaceted victory for homeowners, businesses, banks, and real estate professionals. This brings certainly to the areas throughout the nation where coverage is necessary to obtain a mortgage.
The Surface Transportation Bill (H.R. 4348) included the specifications necessary to reauthorize NFIP through 2017. President Obama signed the bill into law on July 6, 2012. Reforms to NFIP include:
- Multifamily properties: insurance available to cover residential properties of 5 or more residences (Section 100204)
- Repetitive loss: eliminates properties from receiving coverage multiple times (Section 100205)
- Repayment Plan: funds borrowed will have a repayment plan beginning six months after funds are borrowed with reports on progress to full repayment (Section 100213)
- Floodplain maps: improved accuracy with technical expertise leadership (Section 100215)
- Research: coverage on business interruption and additional living expenses, report on building codes and floodplain management (Sections 100233 and 100235)
- Flood Loss Allocation Formula: establishes by rule a standard formula to determine and allocate wind and flood losses to avoid complicated lawsuits (Section 100253)
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Feel free to contact Walter? regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs
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OPPORTUNITIES
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www.KLcommercialgroup.com
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?http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/
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Please go to my web-site and get all the newsflashes and updates in Commercial and Investment Real Estate?daily
www.walter-unger.com
??? Also if you register and become a member you will have access to the In Distress Commercial properties from Pima andPinalCountyand the Trustee Sales for Commercial Properties fromMaricopaCountyon the member?s page.
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Walter Unger CCIM, CCSS, CCLS
I am a successful commercial Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years.
1.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
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In my opinion we are at or near the bottom of the Commercial Real Estate cycle in Arizona and now is the time for you to expand, upgrade or invest in Commercial Real Estate. The prices on deals I may get you will not be around forever.
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2.
IF YOU OR ANYBODY YOU KNOW IS IN TROUBLE WITH YOUR BUSINESS, AS MANY AMERICANS ARE IN THE MOMENT, AND ARE ABOUT TO LOSE YOUR COMMERCIAL PROPERTY, PLEASE CONTACT ME.? IF YOUR BANK IS BEHAVING BADLY I MAY BE ABLE TO HELP YOU GET OUT OF SOME OR MAYBE A LOT OF FUTURE HEADACHES.
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3.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT?S TIME
? We barely could give land away the last few years, but times are changing.? Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist with millions of dollars of transactions, but then I had to change and also sell other investment properties, which was fun, but I love to sell land, one acre to thousands of acres.
Since I was a land specialist, many of my clients, Sellers and Buyers remember me and now they are calling me again, so this is the time to get back into land and none of my clients, including future clients, will miss out on getting their best deal.
Also, if you are up-side down on your land, like many Americans, and the lender is giving you a hard time, now is the time to put your land on the market. Lenders are making deals now with short sales.? I have been working with banks for many years ? I learned how to work with them.
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If you have any questions about the 1 to? 3 above, I will gladly sit down with you and share my expertise and my professional opinion with you. Obviously I am also in this to make money, but it could be a win-win situation for all of us.
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Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell)? 602-778-5110 (office direct).
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www.Walter-Unger.com
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Thank You
Walter
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Walter Unger CCIM
Associate Broker
Kasten Long Commercial
2821 E. Camelback Road, Suite 600
Phoenix,AZ85016
Cell:????? 520-975-5207
Direct:?? 602-759-1202
Office :? 602-445-4141
Fax:????? 602-445-4188
walterunger@ccim.net
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Delivering the New Standard of Excellence in Commercial Real Estate
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www.walter-unger.com
www.KLCommercialGroup.com
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My Listings:
http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/listingslink
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Disclaimer of Liability
The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided ?as is,? with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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Source: http://walter-unger.com/blog/national-flood-insurance-extended-for-five-years/
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