Real Estate Blog

CTA Interviews Sherry Lee, Candidate for Palm Beach County Commissioner
August 26th, 2010 9:15 PM

It's hard to say who is more upset and frustrated in Palm Beach County today. Taxpayers, for the corruption and waste on the Board of County Commissioners, or teachers for the waste and mismanagement on the School Board. Either way, the people who matter in our community are hopping mad and we are doing something about it. The November elections promise a shake up in the political establishment not seen in two decades in Palm Beach County.

The Classroom Teachers Association took the highly unusual step today of interviewing for possible endorsement candidate Sherry Lee. Endorsement or not, this sends a clear signal to her opponent, a 16 year school board member, that they are ready for new leadership.

The County Commission can keep giving hundreds of millions of dollars to big corporations to get them to come here and create jobs, but without quality education and a low cost of living, they will not stay. Our priorities have got to be put in order and balance restored before the economic engine of this county will fire on all cylinders. Communities that focus on education and a sustainable cost of living create a far more attractive environment for more people and businesses to thrive, thereby generating a vibrant and diverse economy and quality of life. 

To find out more about me and my campaign for county commissioner, please visit my website at www.SherryLee4PBC.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Posted by Sherry Lee on August 26th, 2010 9:15 PM

Just Listed! 4971 Palm Brooke West Palm Beach, FL 33417
August 8th, 2010 1:44 PM
Header
Header_2
Listings Photo
$159,900.00
4971 Palm Brooke

West Palm Beach, FL 33417



Beds: 2 Rooms: 0
Full Baths: 2 Sq. Ft.: 1168
Garage: 0 Built: 2003
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Sherry Lee
Lee Property Sales, Inc.
5616858484
www.leeprop.com



 
  Visit this listing here

Posted by Sherry Lee on August 8th, 2010 1:44 PM

Just Listed! 245 Santa Lucia West Palm Beach, FL 33405
August 8th, 2010 1:37 PM
Header
Header_2
Listings Photo
$179,900.00
245 Santa Lucia

West Palm Beach, FL 33405



Beds: 3 Rooms: 0
Full Baths: 2 Sq. Ft.: 1800
Garage: 0 Built: 1955
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Sherry Lee
Lee Property Sales, Inc.
5616858484
www.leeprop.com



 
  Visit this listing here

Posted by Sherry Lee on August 8th, 2010 1:37 PM

Sherry Lee Wins FOP Endorsement
August 8th, 2010 1:28 PM

Posted by Sherry Lee on August 8th, 2010 1:28 PM

Sherry Lee Speaks at GOP Event
July 9th, 2010 9:55 PM

The GOP annual Lobsterfest was ahuge success and many fine candidates spoke, including Col. Allen West, Rep. Tom Rooney, Rep. Carl Domino and Sherry Lee, as candidate for Palm Beach County Commission District 2.

See pictures and more http://sherrylee4pbc.com/category/News/


Posted by Sherry Lee on July 9th, 2010 9:55 PM

Congress extends homebuyer tax credit and flood insurance
July 9th, 2010 9:50 PM

Congress extends homebuyer tax credit and flood insurance

The U.S. Senate passed two bills last evening previously passed by the House. Both bills still need President Obama's signature to become law, but that's expected to happen quickly.

Homebuyer tax credit

The Senate passed HR 5623, which extends the mandatory closing date to qualify for the homebuyer tax credit. The contract deadline does not change - homebuyers must have a contract signed by April 30, 2010 (an exception for active duty military) - but the previous closing deadline of June 30, 2010, has been extended to Sept. 30, 2010. The National Association of Realtors estimates that the approved bill will  benefit more than 14,000 deals in Florida.

National Flood Insurance Program

Congress once again reauthorized a short-term extension for the National Flood Insurance Program to Sept. 30, 2010. The bill, HR 5569, makes the program retroactive to May 31, 2010, the date the program went on hiatus.


Posted by Sherry Lee on July 9th, 2010 9:50 PM

Sherry Lee Campaign Update
July 7th, 2010 3:48 PM

I have been hard at work campaigning, getting reacquainted with friends and neighbors and meeting many new people along the way. 

Real estate has been slow since it is off-season and the tax credit has expired. So, I am blessed to have the time to spend with people, hearing about their issues and making plans for how we will restore our local economy. 

What will I do when I am elected Palm Beach County Commissioner for District 2?

I will make a priority of getting spending back to pre-boom levels. This is about sustainability and the promises our government makes on our behalf and whether or not we can afford them.  We have examples of other cities, states and even countries who have ignored this issue to their demise. Palm Beach County is filled with generous and hard working people who need to know that government is not trying to bankrupt them. Everything else will have a way of working itself out if we can make the financial stability of our residents the focus at all times. 

I will work to make Palm Beach County Government:

Open - public involvement through technology, town halls and teamwork -People know what they need. Government officials need to listen more and talk less. Private citizens should dictate government activities and not lobbyists and special interest groups.

Ethical - workers held to the highest possible ethical standards - Palm Beach County has seen it’s reputation suffer due to corruption and ethical lapses. People need to be able to trust their officials again and officials need to do whatever is necessary to facilitate that.

Limited - lower taxes, less spending & bureaucracy - The more government attempts to do, the less individuals can do for themselves. Limiting government activities and budgets will naturally expand personal liberties.

Equitable – compensation that is in line with the private sector - Passive governing has lead to public sector compensation that is bankrupting local governments around the country. We can learn from our mistakes and take corrective action now.

Sustainable - a budget that fits the new economy - Government is trying to sustain budgets and spending based on boom era incomes and property values. We have a right to have our government live within OUR means.

We need to prioritize the budget – Palm Beach County government has grown at an alarming rate, far outpacing the growth in population and incomes. From 1996 to 2006, the county budget ballooned from 1.5 billion dollars to 4.5 billion dollars, wiping out savings accounts, home equity and ultimately trapping and bankrupting thousands of residents. Now, in spite of double digit unemployment and 70,000 foreclosures, Palm Beach County is still spending over 4 billion dollars annually, crying poor and asking for more. By prioritizing spending, we can create a sustainable budget and stop spending money that we don’t have.

We need to reduce unnecessary revenue collections – We all know the real reason red light cameras were installed. I believe this is a clear example of government over stepping its boundaries in order to collect more money. Other not so obvious examples are going on everyday, like when the county contracted with FPL to raise utility fees on PBC residents by 11 million dollars, and when Commissioner Aaronson asked for a study on putting parking meters in more places around the county, like Miami Beach, where parking is $3/hour. I don’t think the problem is a shortage of parking meters Mr. Aaronson. Miami has a 100 million dollar budget shortfall this year too.

We need to stimulate the economy – The concept is simple. When taxes and fees are lower, people keep more of their own money, and then they spend it on things like giving to the charity of their choice, instead of one the county has chosen for them, or going out to dinner and the movies, starting a new business, buying furniture or a car, or adding on to their home. I would propose a tax holiday for Palm Beach County residents. Let’s put the theory to test and see once and for all if  lowering taxes stimulates the economy. We have tried raising them and it hasn’t worked.

We need to restore economic sustainability – Once we prioritize the spending, we can look for savings in other areas, like negotiating more affordable contracts, removing overtime from pension calculations, bringing private and public employee benefits in line, repealing the fire sales surtax bills HB365 and SB100, and 10% pay cuts for commissioners. Limiting government driven priorities will reduce the overall tax burden on individuals and small businesses so they will be able to survive, stabilize, expand, and eventually thrive again.


Posted by Sherry Lee on July 7th, 2010 3:48 PM

Sherry Lee Speaks Against Increased Property Assessment
June 29th, 2010 12:24 AM
FOR IMMEDIATE RELEASE
West Palm Beach, June 28, 2010  9:00 am
 
Sherry Lee, Candidate for Palm Beach County Commissioner District Two (Jeff Koons is term limited), has written a letter and sent it to representatives in Florida and Washington, DC asking that they suspend the Jones Act. 
 
In her letter she states, "The Jones Act exists to protect American vessels from foreign owned competing vessels in our waters. It seems some of these other countries have substantial experience in oil spill blocking and containment. Yet, at more than sixty days in, we have refused all offers of help. I am calling on you to initiate legislative action to immediately suspend the Jones Act, and to the strongly urge the Obama Administration to seek help from any nation that has something constructive to offer." 
 
Sherry Lee is encouraging every Floridian to do the same.  "Those vessels should already be here setting up barriers," she says. "We need to act now if we are going to have a chance at saving our coast."
 
 
Gabriela Gosline, Campaign Public Relations
Sherry Lee for Palm Beach County Commissioner District 2
 
 

Posted by Sherry Lee on June 29th, 2010 12:24 AM

Sherry Lee and Mike Lameyer at July 1 CV 912 Super Seniors Meeting ...
June 29th, 2010 12:18 AM

Mike Lameyer & Sherry Lee at July 1 CV 912 Super Seniors Meeting

Mike Lameyer is running for Florida Senate District 27.  Sherry Lee is campaigning for Palm Beach County Commissioner in District 2.

All Century Village residents are invited to attend this July 1st meeting to hear these candidates and ask any questions they may have.  W Palm Beach Century Village is a gated community, but anyone outside Century Village who wishes to attend can request visiting privileges and a call-in by e-mailing to: CV912SuperSeniors@gmail.com


Posted by Sherry Lee on June 29th, 2010 12:18 AM

No free ride for Democrat as Republican Sherry Lee joins commission race
June 18th, 2010 11:57 PM

No free ride for Democrat Burdick as Republican joins commission race

by George Bennett | June 18th, 2010

Palm Beach County school board member Paulette Burdick won’t get a free seat on the county commission after all.

Sherry A. Lee, a West Palm Beach real estate broker, qualified for the ballot as a Republican this morning in the District 2 commission race. Lee’s papers were stamped in at the county elections office at 11:16 a.m. — 44 minutes before the noon deadline. Lee, 47, is making her first run for office. She said she’s been involved in a study group called “Lower Taxes Now” and has been blogging on county budget issues

Democrat Burdick was the only candidate for the seat after state Rep. Mary Brandenburg, D-West Palm Beach, announced Tuesday that she was dropping out. Burdick arrived at the elections office shortly before noon.

“I look forward to discussing the issues,” Burdick said.

District 2 is now represented by Democrat Jeff Koons, who is leaving because of term limits. Democrats hold a 50.2-to-24.1 percent registration edge over Republicans in the district. Republicans didn’t field a candidate against Koons in 2002 or 2006.


Posted by Sherry Lee on June 18th, 2010 11:57 PM

Sherry Lee Running for Palm Beach County Commission District 2
June 18th, 2010 11:06 PM

It's official!

Today I filed papers to run for Palm Beach County Commission District 2. The seat was going to go unchallenged to yet another career politician and I just could not stand to watch that happen.

During the real estate boom, county government grew its revenues and spending at an alarming rate, far outpacing the growth in population or incomes. From 1996 to 2006, the county budget ballooned from 1.5 billion dollars to 4.5 billion dollars, wiping out savings accounts and home equity and ultimately bankrupting thousands of residents. And now, in spite of double digit unemployment, 70,000 foreclosures and no end in sight, Palm Beach County is still spending over 4 billion dollars annually, crying poor and asking for more.

I say ENOUGH already! 

By prioritizing the spending, eliminating overlapping services and negotiating sustainable contracts, we can begin to stabilize the economy and improve the standard of living for more residents. This is truly a once in a lifetime opportunity to send someone to the county commission who will view government from the perspective of the private citizen and champion the most basic of principals: Liberty.

 

 

Posted by Sherry Lee on June 18th, 2010 11:06 PM

Palm Beach County Commission Out of Touch
June 12th, 2010 12:07 AM

PB County Commissioners are showing us how out of touch they are.

A few dozen private citizens took valuable time away from work to attend a commission this week because firefighters are trying to raise the sales tax by 16%. We did our homework, spent a lot of time getting our neighbors to come and we carefully rehearsed our speeches since we have only 3 minutes to speak during the public comments part of the meeting.

Once there, we had to sit through several proclamations where the commissioners recognized members of the state legislature who were in town. This was an ugly display of government officials posing for photos and congratulating each other on what a great job they are all doing.  Commissioner Aaronson commented on what a great job State Rep. Mary Brandenburg did getting red light cameras passed.  "It took eight years," Rep. Brandenburg said, "but we got it done."  Great job sticking it to the people, Mary.

Immediately afterward, Commissioner Aaronson announced that public comments would be cut from 3 to 2 minutes per person, since there were so many people there to talk. And not one of the other commissioners objected. They came to raise our sales tax by 16% and cut our allotted time to speak by a third. They eliminated 35 minutes of public comments and did not appear concerned at all by what they were not going to hear.

But they got to pat each other on the back for an hour.

 

 


Posted by Sherry Lee on June 12th, 2010 12:07 AM

Fire Department withdraws proposal for sales tax increase
June 9th, 2010 11:37 PM
GREAT NEWS !
We are pleased to announce: After our group, and many other local community groups put forth a strong protest at Tuesday's BCC meeting, the Fire Department has withdrawn it's proposal for a one cent sales tax increase. Be encouraged, if we stand together as a community, we will make a difference!  
And if the small wins keep happening, then the big ones will follow!

Two more dates to watch: June 16 at 9:30am and June 28 at 5pm
 
 
ISSUE:   The County Administrator has told commissioners they should raise the property tax rate 13% to offset falling property values and their budget gap.
 
Attend the budget workshop Wednesday June 16 at 9:30 at the county governmental center to protest this lousy idea -
 
ISSUE: City of WPB Fire Services Assessment of $100 per dwelling unit, in addition to what is on your property tax bill - because apparently, the Mayor can't add. 
 
PUBLIC HEARING JUNE 28 AT 5PM AT THE 160 MILLION DOLLAR CITY HALL ON CLEMATIS.
 
This may be coming to other municipalities that do not know how to budget. You help us in WPB, we will help you in your town. 
 
We fought the sales tax and won! 
We can win this too, but we have to show up.   
 
Many thanks to all who have worked so hard....
 
 
 
PBC Taxpayer Budget Review Board 'The People's Lobby'
 
www.PBCLowerTaxesNow.com

Posted by Sherry Lee on June 9th, 2010 11:37 PM

Owners Stop Paying Mortgage ... And Stop Fretting About It
June 5th, 2010 6:27 PM
nytimes 

Monday May 31, 2010, 8:55 pm EDT

ST. PETERSBURG, Fla. — For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of. Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino. “Instead of the house dragging us down, it’s become a life raft,” said Mr. Pemberton, who stopped paying the mortgage on their house here last summer. “It’s really been a blessing.”

A growing number of the people whose homes are in foreclosure are refusing to slink away in shame. They are fashioning a sort of homemade mortgage modification, one that brings their payments all the way down to zero. They use the money they save to get back on their feet or just get by.

This type of modification does not beg for a lender’s permission but is delivered as an ultimatum: Force me out if you can. Any moral qualms are overshadowed by a conviction that the banks created the crisis by snookering homeowners with loans that got them in over their heads.

“I tried to explain my situation to the lender, but they wouldn’t help,” said Mr. Pemberton’s mother, Wendy Pemberton, herself in foreclosure on a small house a few blocks away from her son’s. She stopped paying her mortgage two years ago after a bout with lung cancer. “They’re all crooks.”

Foreclosure procedures have been initiated against 1.7 million of the nation’s households. The pace of resolving these problem loans is slow and getting slower because of legal challenges, foreclosure moratoriums, government pressure to offer modifications and the inability of the lenders to cope with so many souring mortgages. The average borrower in foreclosure has been delinquent for 438 days before actually being evicted, up from 251 days in January 2008, according to LPS Applied Analytics.

While there are no firm figures on how many households are following the Pemberton-Reboyras path of passive resistance, real estate agents and other experts say the number of overextended borrowers taking the “free rent” approach is on the rise. There is no question, though, that for some borrowers in default, foreclosure is only a theoretical threat for a long time.

More than 650,000 households had not paid in 18 months, LPS calculated earlier this year. With 19 percent of those homes, the lender had not even begun to take action to repossess the property — double the rate of a year earlier. In some states, including California and Texas, lenders can pursue foreclosures outside of the courts. With the lender in control, the pace can be brisk. But in Florida, New York and 19 other states, judicial foreclosure is the rule, which slows the process substantially.

In Pinellas and Pasco counties, which include St. Petersburg and the suburbs to the north, there are 34,000 open foreclosure cases, said J. Thomas McGrady, chief judge of the Pinellas-Pasco Circuit. Ten years ago, the average was about 4,000. “The volume is killing us,” Judge McGrady said.  Mr. Pemberton and Ms. Reboyras decided to stop paying because their business, which restores attics that have been invaded by pests, was on the verge of failing. Scrambling to get by, their credit already shot, they had little to lose.

“We could pay the mortgage company way more than the house is worth and starve to death,” said Mr. Pemberton, 43. “Or we could pay ourselves so our business could sustain us and people who work for us over a long period of time. It may sound very horrible, but it comes down to a self-preservation thing.” They used the $1,837 a month that they were not paying their lender to publicize A Plus Restorations, first with print ads, then local television. Word apparently got around, because the business is recovering. The couple owe $280,000 on the house, where they live with Ms. Reboyras’s two daughters, their two dogs and a very round pet raccoon named Roxanne. The house is worth less than half that amount — which they say would be their starting point in future negotiations with their lender. “If they took the house from us, that’s all they would end up getting for it anyway,” said Ms. Reboyras, 46.

One reason the house is worth so much less than the debt is because of the real estate crash. But the couple also refinanced at the height of the market, taking out cash to buy a truck they used as a contest prize for their hired animal trappers. It was a stupid move by their lender, according to Mr. Pemberton. “They went outside their own guidelines on debt to income,” he said. “And when they did, they put themselves in jeopardy.” His mother, Wendy Pemberton, who has been cutting hair at the same barber shop for 30 years, has been in default since spring 2008. Mrs. Pemberton, 68, refinanced several times during the boom but says she benefited only once, when she got enough money for a new roof. The other times, she said, unscrupulous salesmen promised her lower rates but simply charged her high fees.

Even without the burden of paying $938 a month for her decaying house, Mrs. Pemberton is having a tough time. Most of her customers are senior citizens who pay only $8 for a cut, and they are spacing out their visits. “The longer I’m in foreclosure, the better,” she said.

In Florida, the average property spends 518 days in foreclosure, second only to New York’s 561 days. Defense attorneys stress they can keep this number high. Both generations of Pembertons have hired a local lawyer, Mark P. Stopa. He sends out letters — 1,700 in a recent week — to Floridians who have had a foreclosure suit filed against them by a lender. Even if you have “no defenses,” the form letter says, “you may be able to keep living in your home for weeks, months or even years without paying your mortgage.”

About 10 new clients a week sign up, according to Mr. Stopa, who says he now has 350 clients in foreclosure, each of whom pays $1,500 a year for a maximum of six hours of attorney time. “I just do as much as needs to be done to force the bank to prove its case,” Mr. Stopa said.

Many mortgages were sold by the original lender, a circumstance that homeowners’ lawyers try to exploit by asking them to prove they own the loan. In Mrs. Pemberton’s case, Mr. Stopa filed a motion to dismiss on March 17, 2009, and the case has not moved since then. He filed a similar motion in her son’s case last December.

From the lenders’ standpoint, people who stay in their homes without paying the mortgage or actively trying to work out some other solution, like selling it, are “milking the process,” said Kyle Lundstedt, managing director of Lender Processing Service’s analytics group. LPS provides technology, services and data to the mortgage industry. These “free riders” are “the unintended and unfortunate consequence” of lenders struggling to work out a solution, Mr. Lundstedt said. “These people are playing a dangerous game. There are processes in many states to go after folks who have substantial assets postforeclosure.”

But for borrowers like Jim Tsiogas, the benefits of not paying now outweigh any worries about the future. “I stopped paying in August 2008,” said Mr. Tsiogas, who is in foreclosure on his house and two rental properties. “I told the lady at the bank, ‘I can’t afford $2,500. I can only afford $1,300.’ ”     Mr. Tsiogas, who lives on the coast south of St. Petersburg, blames his lenders for being unwilling to help when the crash began and his properties needed shoring up. Their attitude seems to have changed since he went into foreclosure. Now their letters say things like “we’re willing to work with you.” But Mr. Tsiogas feels little urge to respond. “I need another year,” he said, “and I’m going to be pretty comfortable.”


Posted by Sherry Lee on June 5th, 2010 6:27 PM

Where is the Oil Plume?
June 5th, 2010 4:48 PM
For Immediate Release
June 4, 2010


View the expected trajectory of the plume.


Posted by Sherry Lee on June 5th, 2010 4:48 PM

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