Michael Petruccelli asks; Roofs are always a big question mark, what are some of the roof basics?(4)

Michael Petruccelli says;   Look at the edge of the shingles at the fascia or gutter area. Do you

see multiple layers? Two layers is the maximum desired. Do you know the age of this roof covering? Most asphalt shingles are designed to last about 20 years.

Michael Petruccelli asks; Roofs are always a big question mark, what are some of the roof basics?(3)

Michael Petruccelli says;  Here is a roofing maintenance checklist homeowners 

can use to assess the health of their roof. As for repairs, it is always  

recommended that a licensed, professional roofer is used. You may find a 

problem using these methods, but it is essential that repairs are preformed 

correctly and thoroughly by a a licensed professional; otherwise, the 

problem could continue to exist - or even get worse.  I will follow up with 

some things to consider when examining your roof.

Michael Petruccelli asks; Roofs are always a big question mark, what are some of the roof basics?(2)

Michael Petruccelli says;  When attempting to do roof work or inspect your roof, 

don't forget to check for over head electrical lines when carrying your ladder to 

the access point and again when walking on the roof. Check the roof sheathing 

from the attic for deterioration BEFORE walking on the roof. And do not walk on 

tile, slate, or a wet and/or mossy wood shingle/shake roofs.

Michael Petruccelli asks; Roofs are always a big question mark, what are some of the roof basics?(1)

Michael Petruccelli asks;  Roof Safety Precautions- An all too common 

injury for men over the age of 45 is falling off a ladder. Thus, it is very 

important to be cautious and know your ladder when ascending or 

descending from roof surfaces. If you are not comfortable on a roof, 

you can use binoculars. With that said, no matter how comfortable 

you are, it is never recommendedto walk on a roof greater than 

6/12 (6 feet rise for each 12 feet of lateral travel; that's 45 degrees).  

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (13)

Michael Petruccelli says; Get well soon. Maintain your animal's health. 

Not only will your pet thank you, but so will your home. A sick animal 
can be extremely damaging (long term) to your carpeting and/or furniture. 

Inspections will note stains on your flooring materials as areas of concern. 

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (12)

Michael Petruccelli says; Ocean views. Check your fish tanks 

frequently for leaking. It doesn't take much to ruin a wood 

floor, or sub flooring under a carpet. Inspections will look 

for water damage under the tank area and again at the next 

level below.

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (11)

Michael Petruccelli says; Itching to sell? Does your pet have fleas? You’ll want 

to take care of the issue immediately, especially for your pet’s sake, but you’ll 

also be happy to know that with the help of a specialist, a flea problem can be 

fixed without replacing your carpet.  

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (10)

Michael Petruccelli says;  Urine? You're out! When speaking of pet odors, urine 

probably has to be the number one cause for wrinkled noses. But don’t be fooled 

by claims that painting over the damage is enough to fix and seal the issue. Urine 

stains in carpet can seep down into the carpet pad and even into the sub-floor 

leaving lingering odors that could deter potential buyers. Floors, wood trim, or 

drywall that has been damaged by urine ultimately needs to be replaced. That 

is the only way to truly remove the damage/stains and the resulting odor. 

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (9)

Michael Petruccelli says;  Also, don't forget your air conditioning and 

heating supply registers. Hair/fur absolutely can—and will—affect the 

functioning and efficiency of these systems. But if you've kept a fairly 

consistent cleaning schedule, pet hair in your AC unit can be fixed by 

a professional HVAC company. 

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (8)

Michael Petruccelli says;  SHED no tears. Cats and dogs shed. But a, perhaps, surprising fact? Much of that hair/fur debris commonly ends up under the refrigerator. This is an insurance company documented fire safety issue and shouldn't be ignored. Vacuum under your refrigerator at least twice a year. Also, don't forget your air conditioning and heating supply registers. Hair/fur absolutely can—and will—affect the functioning and efficiency of these systems.

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (7)

Michael Petruccelli says;  Nothing to sneeze at. Pets, for some, mean allergies and unpleasant smells. Some buyers’ allergies are so strong that dander in carpets and furniture can cause an attack within minutes and make a walk-through miserable or even impossible. So keep carpets and furniture vacuumed regularly—and let’s not forget about general pet odors. Without going overboard, carpet deodorizing treatments, air fresheners or some strategically-placed potpourri dishes (not where Fido can reach them) should do the trick.

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (6)

Michael Petruccelli says; How do you avoid this kind of damage in the first place? Keep your pet’s nails groomed and avoid locking your pet behind a door or in another room while you entertain guests,or leave the house for long periods of time. Give your dog chews and reward him for good behavior. Give cats carpet pieces or scratching poles.

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (5)

Michael Petruccelli says;  Another common condition is scratched window screens. They can be repaired as well, but replacement is probably the best way to go if you’re looking to impress buyers with your home. 

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (4)

Michael Petruccelli says;  A home inspector will note any damage 

to components (doors, floors, weather stripping, screens) if it 

affects the overall function of any system within the home.  

Luckily, scratches on hardwood floors (or the cabinet 

door where you keep Fido’s treats) can easily be fixed with 
a good sanding and finish, but the damage, if left 

untreated, can completely draw attention away from the 

beautiful wood features in your home.

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (3)

Michael Petruccelli says;  Here are some things to keep in mind to make sure your furry little friends don't get in the way of a sale! Is Fido taking a bite out of your sale? Dogs and cats in particular like to scratch and chew. Nervous dogs will scratch doors, floors, door frames, walls, carpet and even chew furniture.

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (2)

Michael Petruccelli says;  Keep cat boxes, bird and rodent cages, and the surrounding areas clean. Keep a towel or blanket under cages. Excess cat litter, bird seed and wood shavings should be vacuumed frequently. Keeping a clean pet living area shows that you care about maintaining your home.

Michael Petruccelli asks; How do you prevent your pets from taking a bite out of your sale? (1)

Michael Petruccelli says;  Do you own pets? Do they share your living space? Buyers are more discerning than ever these days when deciding if the home they’ve selected is the right one. So the last thing you want are pet odors or related conditions to deter traffic or a potential sale.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 12)

Michael Petruccelli says; Have Practice Drills. Schedule a daylight drill, then a nighttime drill. Then do a drill with your eyes closed. Designate in advance a chain of command of household members.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 9)

Michael Petruccelli says;  Establish a Rendezvous Point. Designate a special meeting place once outside, preferably at the front of the home. Physically count all members.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 10)

Michael Petruccelli says;  Know The Plan. Call 9-1-1 once outside the home.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 11)

Michael Petruccelli says; Know This Life Saving Rule. Instruct all members that no one is to return to the interior of the house once outside.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 6)

Michael Petruccelli says;  Equip Rooms with Escape Ladders. Store a fire escape ladder in each second floor bedroom.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 7)

Michael Petruccelli says;  Keep Flashlights on Hand. A working flashlight or method for signaling out the window of each second floor bedroom should be available and quickly retrievable.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 8)

Michael Petruccelli says;   Utilize Natural Fire Barrier. Sleep with bedroom doors closed, when possible, to prevent the spread of fire and smoke. Teach family members to touch the door for heat before opening.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 3)

Michael Petruccelli says;  Conduct a family meeting. Clearly communicate, verbally and with the use of drawings, the importance of knowing and understanding the procedures to be followed in the event of a fire. Plan a visit to a fire station and let younger members of the household view a firefighter in all his/her gear. Young children are often frightened when encountering a firefighter for the first time.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 4)

Michael Petruccelli says;  Install and test smoke (fire) alarms. Demonstrate the sound of the smoke (fire) alarm in your house by pressing the test button, so that everyone has heard it ahead of time, especially small children. At a minimum, alarms should be installed on each level of the home and in each bedroom. Alarms should be tested monthly, replacing batteries semi-annually.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 5)

Michael Petruccelli says;  Establish Alternate Routes. Ensure two possible exits in each sleeping room with windows and doors that can always be unlocked and opened quickly.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 1)

Michael Petruccelli says;  Each year millions of dollars in property are lost due to residential fires. The Consumer Product Safety Commission (CPSC) estimates that over 350,000 homes are affected by its devastation annually. But worse than any financial cost is the loss of life to pets and family members. Fire safety experts say that 1-2 minutes evacuation time is all that is available in many cases. That's why it is so important to have a Family Fire Escape Plan and to clearly communicate your plan to every member of the family.

Michael Petruccelli asks; What can you do to prepare your family in the event of a home fire? (part 2)

Michael Petruccelli says;  Take a moment to think of all the ways in which your home may be vulnerable to fire. Do you own a gas or charcoal grill? Do you have a dryer? Do you have a refrigerator? Do you often relax in the ambiance of your gas fireplace? Do you know that according to the National Fire Protection Association (NFPA) careless smoking is the leading cause of residential fire deaths?

Michael Petruccelli asks; What is a foreclosure?

Michael Petruccelli says;  The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.

Michael Petruccelli asks; What is hazard insurance?

Michael Petruccelli says;  Insurance coverage that in the event of physical damage to a property from fire, wind, vandalism, or other hazards.

Michael Petruccelli asks; What is a 401(k)/403(b)?

Michael Petruccelli says;  An employer-sponsored investment plan that allows individuals to set aside tax-deferred income for retirement or emergency purposes. 401(k) plans are provided by employers that are private corporations. 403(b) plans are provided by employers that are not for profit organizations.

Michael Petruccelli asks; What is a 401(k)/403(b) loan?

Michael Petruccelli says;  Some administrators of 401(k)/403(b) plans allow for loans against the monies you have accumulated in these plans. Loans against 401K plans are an acceptable source of down payment for most types of loans.

Michael Petruccelli asks; What is a grantor?

Michael Petruccelli says;  The person conveying an interest in real property.

Michael Petruccelli asks; What is a government loan (mortgage)?

Michael Petruccelli says;  A mortgage that is insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA) or the Rural Housing Service (RHS). Mortgages that are not government loans are classified as conventional loans.

Michael Petruccelli asks; What is a Government National Mortgage Association (Ginnie Mae)?

Michael Petruccelli says; A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD). Created by Congress on September 1, 1968, GNMA performs the same role as Fannie Mae and Freddie Mac in providing funds to lenders for making home loans. The difference is that Ginnie Mae provides funds for government loans (FHA and VA).

Michael Petruccelli asks; Where can we be found on the web?

Michael Petruccelli says; Blogger- http://michaelpetruccelli.blogspot.com/,

Wordpress-http://michaelpetruccelli.wordpress.com,
Facebook-http://www.facebook.com/pages/Michael-Petruccelli-Plumlee-Gulf-Beach-Realty/102860923128381,
Twitter- http://twitter.com/mpetruccelli,
Linkedin-http://linkedin.com/pub/michael-petruccelli/14/3b4/a16,
Foursquare-http://foursquare.com/mpetruccelli
Plumlee Gulf Beach Realty-  http://www.plumleeproperties.com

Michael Petruccelli asks; What is Home Equity Conversion Mortgage (HECM)?

Michael Petruccelli says;  Usually referred to as a reverse annuity mortgage, what makes this type of mortgage unique is that instead of making payments to a lender, the lender makes payments to you. It enables older home owners to convert the equity they have in their homes into cash, usually in the form of monthly payments. Unlike traditional home equity loans, a borrower does not qualify on the basis of income but on the value of his or her home. In addition, the loan does not have to be repaid until the borrower no longer occupies the property.

Michael Petruccelli asks; What is a grantee?

Michael Petruccelli says;  The person to whom an interest in real property is conveyed.

Michael Petruccelli asks; What is a home inspection?

Michael Petruccelli says;   A thorough inspection by a professional that evaluates the structural and mechanical condition of a property. A satisfactory home inspection is often included as a contingency by the purchaser.

Michael Petruccelli asks; What is a home equity line of credit?

Michael Petruccelli says;  A mortgage loan, usually in second position, that allows the borrower to obtain cash drawn against the equity of his home, up to a predetermined amount.

Michael Petruccelli asks; What is homeowner's insurance?

Michael Petruccelli says;  An insurance policy that combines personal liability insurance and hazard insurance coverage for a dwelling and its contents.

Michael Petruccelli asks; What is a homeowner's warranty?

Michael Petruccelli says;  A type of insurance often purchased by homebuyers that will cover repairs to certain items, such as heating or air conditioning, should they break down within the coverage period. The buyer often requests the seller to pay for this coverage as a condition of the sale, but either party can pay.

Michael Petruccelli asks; What is HUD median income?

Michael Petruccelli says;  Median family income for a particular county or metropolitan statistical area (MSA), as estimated by the Department of Housing and Urban Development (HUD).

Michael Petruccelli asks; Are retailers gaining sales abroad?

Michael Petruccelli says;  Yes, via their online marketplaces, where e-shoppers capitalizing on the weak U.S. buck are snapping up bargains. These stronger sales are helping offset sagging retail revenues stateside.

Michael Petruccelli asks; Is e-commerce growing at a fast past in other countries?

Michael Petruccelli says; In Brazil, China, Russia and Mexico it is expected to grow at rates of 26% or more annually for the next four years. Luring international customers: Streamlined handeling of duties & taxes, free or reduced shipping and a trend toward buyers paying in their local currency.

Michael Petruccelli asks; Is the U.S. debt mess is taking a toll on Canadian exports?

Michael Petruccelli says;  The U.S. debt mess is taking a toll on Canadian exports. Canada's dollar is heading toward a 2011 high in coming months as investors seek a safe parking place while the debt ceiling debate plays out in Washington. Pricier Canadian products mean U.S. demand for them will continue to fall, and purchases are already down because of Americas slow recovery from recession. But Canada's economy continues to grow. With a 3.2% boost this year and a 3.1% jump next year. Among the bright spots: retail, construction & mining.

Michael Petruccelli asks; What is Joint tenancy?

Michael Petruccelli says;  A form of ownership or taking title to property which means each party owns the whole property and that ownership is not separate. In the event of the death of one party, the survivor owns the property in its entirety.

Michael Petruccelli asks; What is a Judgment?

Michael Petruccelli says;  A decision made by a court of law. In judgments that require the repayment of a debt, the court may place a lein against the debtor's real property as collateral for the judgment's creditor. Alternative spelling is "judgement."

Michael Petruccelli asks; What is a HUD-1 settlement statement?

Michael Petruccelli says; A document that provides an itemized listing of the funds that were paid at closing. Items that appear on the statement include real estate commissions, loan fees, points, and initial escrow (impound) amounts. Each type of expense goes on a specific numbered line on the sheet. The totals at the bottom of the HUD-1 statement define the seller's net proceeds and the buyer's net payment at closing. It is called a HUD1 because the form is printed by the Department of Housing and Urban Development (HUD). The HUD1 statement is also known as the "closing statement" or "settlement sheet."

Michael Petruccelli asks; What is a judicial foreclosure?

Michael Petruccelli says; A type of foreclosure proceeding used in some states that is handled as a civil lawsuit and conducted entirely under the auspices of a court. Other states use non-judicial foreclosure.

Michael Petruccelli asks; What is a jumbo loan?

Michael Petruccelli says; A loan that exceeds Fannie Mae's and Freddie Mac's loan limits, currently at $227,150. Also called a nonconforming loan. Freddie Mac and Fannie Mae loans are referred to as conforming loans.

Michael Petruccelli asks; What is a lease?

Michael Petruccelli says; A written agreement between the property owner and a tenant that stipulates the payment and conditions under which the tenant may possess the real estate for a specified period of time.

Michael Petruccelli asks; What is a legal description?

Michael Petruccelli says; A property description, recognized by law, that is sufficient to locate and identify the property without oral testimony.

Michael Petruccelli asks; What is a lease option?

Michael Petruccelli says; An alternative financing option that allows home buyers to lease a home with an option to buy. Each month's rent payment may consist of not only the rent, but an additional amount which can be applied toward the down payment on an already specified price.

Michael Petruccelli asks; What is a leasehold estate?

Michael Petruccelli says; A way of holding title to a property wherein the mortgagor does not actually own the property but rather has a recorded long-term lease on it.

Michael Petruccelli asks; What can I do to help keep my dishwasher in good working condition?

Michael Petruccelli says; 1- Use vinegar to remove mineral deposits from the heating coil. 2- Keep spray arm clean & free of any soap build up. 3- When loading, be sure dishes and utensils do not interfere with the spray arm movement. 4- Periodically use a rinse agent to minimize soap film. 5- Using granular soap rather than a liquid will help reduce the suds level in the dishwasher. Too many suds may cause water to drip from the door. 6- Check for signs of leaks or water stains on the floor and around the door edge.

Michael Petruccelli asks; What is a lender?

Michael Petruccelli says; A term which can refer to the institution making the loan or to the individual representing the firm. For example, loan officers are often referred to as "lenders."

Michael Petruccelli asks; What are Liabilities?

Michael Petruccelli says; A person's financial obligations. Liabilities include long-term and short-term debt, as well as any other amounts that are owed to others.

Michael Petruccelli asks; What can I do to help keep my Dishwasher in good working order?

Michael Petruccelli says; 1-Use vinegar to remove mineral deposits from the heating element. 2-Keep the spray arm clean and free of any soap build up. 3-When loading, be sure the dishes do not interfere with the movement of the spray arm. 4-Periodically use a rinse agent to minimize soap film. 5-Using a granular soap rather than a liquid soap will help reduce the suds in the dishwasher. 6-Too many suds may cause water to drip from the door.
7-Check for any signs of leaks or water stains on the floor.

Michael Petruccelli asks; What can I do to help keep my electrical system in good working order?

Michael Petruccelli says; To prevent loss of power, do not overload any one circuit in your home.

Michael Petruccelli asks; What can I do to help keep my Plumbing Sytem ingood working order?

Michael Petruccelli says; 1-Do not flush any paper products down a toilet other than toilet paper. 2-A simple plunger may solve many of your clogging problems. 3-Check any of your exposed plumbing lines for corrosion or leaks. 4-n the event you are experiencing extremely cold weather, allowing a faucet to drip slowly will help avoid a freezing water line. 5-Check the water heater for signs of leaking or corrosion. 6-Inspect the bottom of your water heater, drain pan or floor for signs of rust or water staining. 7-Drain and flush your water heater every year by attaching a common garden hose to the drain valve at the bottom of the heater. 8-Remove the heating elements from your electric water heater and soak in vinegar to remove any corrosion or sediment build up.

Michael Petruccelli asks; What can I do to help keep my Washer & Dryer in good working order?

Michael Petruccelli says; 1-Assure that the washing machine “legs” are adjusted for a level installation by turning the “legs” counterclockwise to raise and clockwise to lower. 2-Make sure the water level of each wash load is appropriate for the volume of clothes. Do not overload the machine. 3-Remove and clean the lint screen after each drying cycle has been completed. 4-Use a vacuum cleaner to clean behind and underneath both the washer and dryer at least once every three months.

Michael Petruccelli asks; What can I do to help keep my Pool & Spa in good working order?

Michael Petruccelli says; 1-Maintain a proper water level as recommended by the manufacturer. 2-Keep the water chemically balanced by regular testing throughout the season. 3-Have your pool and spa regularly maintained and serviced by a local pool and spa company.

Michael Petruccelli asks; What can I do to help keep my Garbage Disposal in good working order?

Michael Petruccelli says; 1-Remember to always run the water while you are using the disposal. 2-To avoid stoppages, continue to run the water for at least two minutes after you turn the disposal off. 3.Using the disposal with a tray of ice cubes, pieces of lemon or lime, and baking soda will help keep your disposal clean and smelling fresh. 4-If you drop a piece of silverware in your disposal, turn the power off immediately before you attempt to remove it. 5-If the disposal should become jammed, use a disposal wrench which should attach at the bottom of the disposal. Turn the wrench counter clockwise until it turns easily. Press the red reset button on your disposal and the disposal should operate properly

Michael Petruccelli asks; What can I do to help keep my Stove/Oven in good working order?

Michael Petruccelli says; Avoid using heavy or extra-large cooking pots or pans. They can damage your burners or glass top stove. Keep the inside of your oven clean by only using the self cleaning function if available. Use vacuum cleaner to clean under and behind the stove at least once a year. Keep your stove top clean and free of spilled food or grease buildup around burners. Use non abrasive cleaners on glass stove tops.

Michael Petruccelli asks; What can I do to help keep my Microwave in good working order?

Michael Petruccelli says; Do not use any container or dishes that are metal or have any kind of metal trim or edging. Clean the interior with diluted soap and water solution or baking soda. An abrasive cleaner may damage the lining and expose metal causing the unit to fail.

Michael Petruccelli asks; What can I do to help keep my Trash Compactor in good working order?

Michael Petruccelli says; Help prevent odors by replacing the deodorant supply regularly based on the amount of usage. Before running, make sure the bag is properly positioned and secured. Check to make sure when placing garbage in compactor there are no metal or hard pieces of trash that could jam the drawer closure. Wipe out as often as you feel necessary with baking soda or diluted soap & water solution. Help the environment sort your trash & recycle what ever you can before disposing of trash in compactor.

National Lee Denim Day-Oct 7,2011
We have been proud to participate in the National Lee Denim Day. All the donations go to help fight Breast Cancer and for Breast Cancer Awareness. Several of our employees that donated either had the day off or work in our satellite offices & most of our Realtors were showing properties to clients so, they were unavailable for the photo. Our receptionist did her usual "cupcakes for a cure" to help raise more money for the Fight against Breast Cancer.

Michael Petruccelli asks; How do I keep my Heating system in working order?

Michael Petruccelli says; Winter is soon upon us so, this is a great time to do yearly maintenance on your heating system or at least go through the check list to help keep it running smoothly throughout winter. Have your mechanical system annually serviced and your duct-work cleaned before each heating season. Blower units making excessive noise should be brought to the attention of a licensed technician. Clean & dust the radiators and heating vents and inspect the radiators for any signs of leakage. Bleed air from your radiators on an annual basis. Check the exhaust pipe on your gas furnace for any loose connections. Call the gas company immediately if you detect a gas smell. Check filters every month and replace as necessary. Keep your outdoor condensing unit clean and free of debris.

Michael Petruccelli asks; What can I do to keep my faucets flowing properly?

Michael Petruccelli says; A driping faucet may be repaired by simply replacing an o-ring or vinal gasket. Clean & remove any hard water or mineral deposits with vinegar to avoid a slow water flow.

Michael Petruccelli asks; How do I keep my Refrigerator in working order?

Michael Petruccelli says; Use a vacume cleaner to clean behind & underneath the refrigerator at least once a year. Clean & dust the sides and top of your refrigerator also. Check & clean the interior shelves, lining and door gasket every three months. Help the inside of the refrigerator smelling clean by keeping a cup of baking soda in the refrigerator at all times. A slice of lemon or lime will also work.

Michael Petruccelli asks; What is Liability insurance?

Michael Petruccelli says; Insurance coverage that offers protection against claims alleging that a property owner's negligence or inappropriate action resulted in bodily injury or property damage to another party. It is usually part of a homeowner's insurance policy.

Michael Petruccelli asks; What is a lien?

Michael Petruccelli says; A legal claim against a property that must be paid off when the property is sold. A mortgage or first trust deed is considered a lien.

Michael Petruccelli asks; What is a life cap?

Michael Petruccelli says; For an adjustable-rate mortgage (ARM), a limit on the amount that the interest rate can increase or decrease over the life of the mortgage.

Michael Petruccelli asks; What are the most common sources of household fires? (part 4)

Michael Petruccelli says; Clean the lint from your dryer vent at least every year. Replace any flexible nylon ducts with metal ducts to reduce the risk of fire.

Michael Petruccelli asks; What are the most common sources of household fires? (part 5)

Michael Petruccelli says; Have wood-burning stoves, pellet stoves and chimney flues inspected at least once a year.

Michael Petruccelli asks; What are the most common sources of household fires? (part 6)

Michael Petruccelli says; Whenever hiring someone to work on your home, be sure they are properly licensed and fully insured. Certain repairs, like soldering, plumbing or stripping paint with heat, utilize an open flame. If not done carefully and properly, fires can result. Electrical work that is done improperly is another leading cause of fires.

Michael Petruccelli asks; Why do you need a home service agreement? ( part 1) What are the Seller's benefits?

Michael Petruccelli says;  Both buyers and sellers rate home warranties as one of the most important considerations when buying or selling a home. Offers competitive advantage over homes without a warranty. Homes with a warranty sell faster and closer to the asking price. No cost for coverage until the home is sold (where allowed by law). Helps eliminate post-sale-disputes.

Michael Petruccelli asks; Why do you need a home service agreement? ( part 2) What are the Buyer's benefits?

Michael Petruccelli says;  After you have made your down payment, covered your closing costs, paid for your move, and all the incidental expenses associated with a new, the last thing you need is a costly repair. The Home Service Agreement protects you against repair or replacement expenses for covered appliance and systems during the first year you own your home. Protect against unexpected repair costs. One-year of repair or replacement-just a phone call away. Renewable where allowed by law. Money-back guarantee.

Michael Petruccelli asks; How do I keep my air conditioning system in prime condition?

Michael Petruccelli says; Check filters every month and replace as necessary. Keep your outdoor condensing unit clean and free of debris. Have your system annually serviced before each air conditioning season. 

Michael Petruccelli asks; What are the most common sources of household fires? (part 1)

Michael Petruccelli says; It is important for homeowners to recognize these potentially dangerous conditions and work to eliminate or reduce the risks. Most of these fires are preventable. Properly dispose of smoking materials and ashes/embers from a grill or fireplace away from the home in a fireproof metal container.

Michael Petruccelli asks; What are the most common sources of household fires? (part 2)

 Michael Petruccelli says; Be sure to turn off the stove if you have to leave it unattended- even if for a few minutes. If a grease fire occurs, do not try to extinguish it with water. Always use a fire extinguisher or a pan cover.

Michael Petruccelli asks; What are the most common sources of household fires? (part 3)

Michael Petruccelli says; Keep sufficient clearance between your personal property and the hot water heater or furnace.

Michael Petruccelli asks; What are some fire & home safety tips for grilling? (part 1)

Michael Petruccelli says; The National Fire Protection Association offers several safety tips for propane & charcoal grills. Before using a propane grill for the first time each year, and at the close of grilling season, check the gas tank for leaks. Apply a light soap and water solution to the hose. If bubbles are released, there most likely a propane leak. Be sure to get the grill serviced by a professional before using it again.

 

Michael Petruccelli asks; What are some fire & home safety tips for grilling? (part 2)

Michael Petruccelli says; If you are using a charcoal starter fluid or newspaper to start the grill, never add any flammable liquids to the fire. Use a heavy duty extension cord when using an electric charcoal starter.

Michael Petruccelli asks; What are some fire & home safety tips for grilling? (part 3)

Michael Petruccelli says; Let the coals completely cool before disposing the in a metal container. keep your grill clean by removing grease or fat buildup from the grills and tray below the grill. Do not grill near the home, deck railings, underneath eaves or overhanging branches.

Michael Petruccelli asks; What is a line of credit?

Michael Petruccelli says; An agreement by a commercial bank or other financial institution to extend credit up to a certain amount for a certain time to a specified borrower.

Michael Petruccelli asks; What is liquid assets?

Michael Petruccelli says; A cash asset or an asset that is easily converted into cash.

Michael Petruccelli asks; What is a loan?

Michael Petruccelli says; A sum of borrowed money (principal) that is generally repaid with interest.

Michael Petruccelli asks: What is a Loan Officer?

Michael Petrucelli says;  Also referred to by a variety of other terms, such as lender, loan representative, loan "rep," account executive, and others. The loan officer serves several functions and has various responsibilities: they solicit loans, they are the representative of the lending institution, and they represent the borrower to the lending institution.

Michael Petruccelli asks; What is Loan Origination?

Michael Petruccelli says;  How a lender refers to the process of obtaining new loans.

Michael Petruccelli asks; What is Loan Servicing?

Michael Petruccelli says; After you obtain a loan, the company you make the payments to is "servicing" your loan. They process payments, send statements, manage the escrow/impound account, provide collection efforts on delinquent loans, ensure that insurance and property taxes are made on the property, handle pay-offs and assumptions, and provide a variety of other services.

Michael Petruccelli asks; What is loan-to-value (LTV)?

Michale Petruccelli says; The percentage relationship between the amount of the loan and the appraised value or sales price (whichever is lower).

Michael Petruccelli asks; What is lock-in?

Michael Petruccelli says; An agreement in which the lender guarantees a specified interest rate for a certain amount of time at a certain cost.

Michael Petruccelli asks: What is a lock-in period?

Michael Petruccelli says; The time period during which the lender has guaranteed an interest rate to a borrower.

Michael Petruccelli asks; As a vehicle ages,does its fuel economy decrease significantly?

Michael Petruccelli says; A vehicle that is properly maintained will retain its efficiency for many years.

Michael Petruccelli asks; Does replacing your air filter will help your car run more efficiently?

Michael Petruccelli says; Modern fuel-injected engines automatically adjust their fuel-to-air ratio. Changing a filter won't increase fuel economy, but might improve performance.

Michael Petruccelli asks; Does using premium fuel improve fuel economy?

Michael Petruccelli says; Unless your vehicle was specifically designed for premium fuel or knocks severely with regular fuel, you will likely experience no benefit from using premium over regular.

Michael Petruccelli asks: Please take a moment to pay tribute to the victims and the families of the 9/11 attacks on the World Trade Center and the Pentagon.

Michael Petruccelli says; My assistant's, little brother Joesph was a broker at Cantor Fitzgerald. This moment is for Joey and all the other victims and those effected by this tragic event.

Michael Petruccelli asks ;Do Vehicles need to warm up before they can be driven.?

Michael Petruccelli says; Modern vehicles can be driven within seconds of being started, though the engine should not be subjected to extreme conditions until it has fully warmed up.

Michael Petruccelli asks; Does It takes more fuel to start a vehicle than it does to let it idle?

Michael Petruccelli says; Idling can use a quarter to a half gallon of fuel per hour. Turn off your engine when your vehicle is sitting still for any time longer than a traffic light.

Michael Petruccelli Real Estate: Michael Petruccelli asks; Do you have to drive a s...

Michael Petruccelli Real Estate: Michael Petruccelli asks; Do you have to drive a s...: Michael Petruccelli says; Advanced technologies are allowing standard-sized vehicles to be very fuel efficient. For the 2011 model year, s...

Michael Petruccelli asks; Do you have to drive a small car to get good fuel economy?

Michael Petruccelli says; Advanced technologies are allowing standard-sized vehicles to be very fuel efficient. For the 2011 model year, six of the top 10 most efficient vehicles are midsized cars.

Michael Petruccelli asks; What is merged credit report?

Michael Petruccelli says; A credit report which reports the raw data pulled from two or more of the major credit repositories. Contrast with a Residential Mortgage Credit Report (RMCR) or a standard factual credit report.

Michael Petruccelli asks; What is maturity?

Michael Petruccelli says; The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.

Michael Petruccelli asks; What is margin?

Michael Petruccelli says; The difference between the interest rate and the index on an adjustable rate mortgage. The margin remains stable over the life of the loan. It is the index which moves up and down.

Michael Petruccelli asks; What are the storm names for 2011 in the Atlantic?

Michael Petruccelli says; 2011Atlantic Names - Arlene, Bret, Cindy, Don, Emily,  Franklin, Gert, Harvey, Irene, Jose, Katia, Lee, Maria, Nate, Ophelia, Philippe, Rina, Sean, Tammy, Vince, Whitney.

Michael Petruccelli asks; Do you have a plan if your family is seprated?

Michael Petruccelli says; Sit down with your family and discuss a family plan. If you are not all at home when the storm hits plan, how will you keep in touch. Where will you all meet if separated by the storm, or something should happen to your home and you must leave. What out of state person will you designate as you official hazard contact person? These are all important things to make clear to everyone in your family. This way if something should go terribly wrong you will all know what to do, which in a sense will keep you all a little calmer.

MIchael Petruccelli asks; How fast are the winds of a hurricane?

Michael Petruccelli says; Lets start at the least and work up to the highest according to the National Hurricane Center. Tropical Depression – wind speed less than 39 MPH, Tropical Storm – wind speed between 39 MPH and 73 MPH, Hurricane – wind speed between 74 MPH and 110 MPH, Major Hurricane – wind speed greater than 110 MPH.

Michael Petruccelli asks; Here is another way to achieve normalcy..Family fun...How to can peaches?

Michael Petruccelli says;  I was going to do this piecemeal in a few blogs but decided it might be best to give the recipe & instructions all at once....INGREDIENTS - 6 one quart canning jars with rings and self seal lids, 11 pounds of ripe peaches, 1 package of ascorbic or citric acid, 2 quarts unsweetened apple or white grape juice. HOW TO - Step One- Sterilize canning jars and ring by simmering them in hot water for at least 10 minutes, until ready to use. Have the lids nearby. Step Two -I n another saucepan, dip fruit into boiling water for 30-60 seconds, until the skins loosen. Dip quickly into cold water and slip off skins. Cut peaches in half, remove the pits and slice. Mix the ascorbic or citric acid with water according the package directions & coat the peach slices to prevent darkening. Step Three - Pack peaches slices in jars, almost to the top. Step Four - Bring the apple or white grape juice to a boil and ladle it over the peaches, leaving 1/2 inch of head-space. Step Five - Adjust lids and process in a boiling - water canner, with jars covered by 2 inches of boiling water, for 20-25 minutes. Remove jars from canner and allow to cool for 12 hours. Step Six - Unscrew metal rings to make sure the lids are sealed. (Each lid should be indented in the center.) Store in a cool, dry, dark place for no longer than one year. Note- Write the date canned on a piece of masking tape or file folder label & adhere to jar or lid.

Michael Petruccelli asks; Can I become a home-buyer even if I have I've had bad credit, and don't have much for a down-payment?

Michael Petruccelli says; You may be a good candidate for one of the Federal mortgage programs Start by contacting one of the HUD-funded housing counseling agencies that can help you sort through your options. Also, contact your local government to see if there are any local home-buying programs that might work for you. Look in the blue pages of your phone directory for your local office of housing and community development or, if you can't find it, contact your mayor's office or your county executive's office.

Michael Petruccelli asks; What are "HUD homes," and are they a good deal?

Michael Petruccelli says;  HUD homes can be a very good deal. When someone with a HUD insured mortgage can't meet the payments, the lender forecloses on the home; HUD pays the lender what is owed; and HUD takes ownership of the home. Then we sell it at market value as quickly as possible. Read all about buying a HUD home. Check our listings of HUD homes and homes being sold by other federal agencies.

Michael Petruccelli asks; How long will it take after a hurricane to get back to normal?

Michael Petruccelli says; after the storm, it's time to assess the damage. keep your battery operated radio close for news reports about damage and road closures, power outages and emergency  instructions. With three to seven days of uncertainty, depending on the storm, you'll need to rely upon what you've stored for food, water & medications and entertainment. If the county is hit with a Category 3, 4 or 5 hurricane, it could be weeks or months before life gets back to normal.

Michael Petruccelli asks; Can you share a few safety tips for after the storm & during the recovery phase.

Michael Petruccelli says; Generator safety 101...Home generators provide limited power during a prolonged power outage. Use them to keep a refrigerator cold, run a fan, recharge your cell phone(s) or operate a microwave oven. Generators can make storm recovery more comfortable, but they can also harm or kill if not used correctly. Some generator dangers are Carbon Monoxide (CO) Hazard. a colorless, odorless gas, produced from burning fuel, that is deadly even in small amounts. Always use generators outdoors, away from doors, windows or vents.

Michael Petruccelli asks; How do you keep the children calm after the storm?

Michael Petruccelli says; Keep in mind - family is always the most important thing, always! Try to keep the routine & schedule you had before the storm. It helps give everyone a sense of normalcy. Always think before you speak about the damage or heart ship you are experiencing when with in a ears reach of the children. You don't want them to be any more traumatized by this event that what has already transpired. Play, laugh and have fun with what you have. Play tag to burn off some of that pent up anxiety & energy. Help others in the neighborhood, to help create a sense of community. This way they see that what has happened has happened to everybody, not just them. Always reassure them you are there for them.

Michael Petruccelli asks; Here is another way to achieve normalcy..Family fun...How to can peaches? (part 1)

Michael Petruccelli says; Here is a simple way to can peaches. You will need 6 one quart canning jars with rings and self seal lids, 11 pounds of ripe peaches, 1 package of ascorbic or citric acid, 2 quarts unsweetened apple or white grape juice.

Step one- Sterilize canning jars and ring by simmering them in hot water for at least 10 minutes, until ready to use. Have the lids nearby. Step two-In another saucepan, dip fruit into boiling water for 30-60 seconds, until the skins loosen. Dip quickly into cold water and slip off skins. Cut peaches in half, remove the pits and slice. Mix the ascorbic or citric acid with water according the package directions & coat the peach slices to prevent darkening......Look for the next steps in my next blog.

Michael Petruccelli asks; If I were to stay at home during a hurricane, what items should I consider keeping in my "stay kit" (survival kit).

Michael Petruccelli says; Here is a list of items to consider for your stay kit; One weeks supply of fluids to drink and food that requires no cooking. ready to eat canned meats, fruits & vegetables. Nuts, beef jerky & trail mix. Raisins, peanut butter and granola bars. Formula & or baby food. Canned or boxed fruit juices & sport drinks. One gallon of water per person per day. Non electric can opener. Utility knife. Cups, plates and plastic utensils. Cooler & ice. Pet food.

Michael Petruccelli asks; If I were to stay at home during a hurricane, what first aid supplies should I consider keeping in my "stay kit".

Michael Petruccelli says; Adhesive bandages, gauze pads & tape. Soap & antibacterial hand gel. Antiseptic, Latex gloves, scissors & tweezers. Thermometer, Sunscreen. Over the counter pain reliever & fever reducer. Anti-diarrhea medicine/laxative, Anti-itch cream.

Michael Petruccelli asks; If I were to stay at home during a hurricane, what tools & emergency supplies should I consider keeping in my "stay kit" (survival kit).

Michael Petruccelli says; Flashlights & lanterns. Battery operated radio. Extra batteries. Matches/ lighter in a waterproof container. Compass and local maps with shelter locations ( just in case). A shut off wrench and other tools. Paper & pencils. Plastic tarps & sheeting. Elastic cords or rope. Insect repellent. Battery operated cell phone quick charger.

Michael Petruccelli asks; What is the new family circle?

Michael Petruccelli says; A recent AARP study of householders 50 or older showed than in just 2 years - from 2008 to 2010 the percentage of multigenerational households in the US increased more than in the previous 8 years. This change coincided with the downturn in the national economy, and these households now include almost 10% of the American population.

Michael Petruccelli asks; Who's in the new family circle?

Michael Petruccelli says; According to the AARP study of Householder 50+: 2,500,000 have child & grandchild living with them. 2,200,000 have parent living with them. 1,200,000 have parent and a child living with them. 1,100,000 have grandchild living with them. 68,000 have parent, child & grandchild living with them. 25,000 have parent and a grandchild living with them.

Michael Petruccelli asks; Who has the new family circle?

Michael Petruccelli says; This means about 7 million U.S. households are now multigenerational. According to the AARP study of householders 50 or older the results are as follows by race/ethnicity; 25.9% Hispanic, 23.7% Black, 17.7% other & 8.7% White.  

Michael Petruccelli asks; With this new family dynamic also comes a fuller house, (and of course the generation gap still exists) but how did the numbers grow over the past 8 -10 years?

Michael Petruccelli says; According to the AARP study- in 2000 there were 20.9 million Americans living in multigenerational households, 2002 there were 22 million Americans living in multigenerational households, 2004 there were 23.2 million Americans living in multigenerational households, 2006 there were 23.3 million Americans living in multigenerational households, 2008 there were 25.1 million Americans living in multigenerational households & in 2010 there were 29.2 million Americans living in multigenerational households.

Michael Petruccelli asks; Are there special home-ownership grants or programs for single parents?

Michael Petruccelli says; There is help available. Start by becoming familiar with the home buying process and pick a good real estate broker. Although as a single parent, you won't have the benefit of two incomes on which to qualify for a loan, consider getting pre-qualified, so that when you find a house you like in your price range you won't have the delay of trying to get qualified. Contact one of the HUD-funded housing counseling agency in your area to talk through other options for help that might be available to you. Research buying a HUD home, as they can be very good deals. Also, contact your local government to see if there are any local housing programs that could help you. Look in the blue pages of your phone directory for your local office of housing and community development or, if you can't find it, contact your mayor's office or your county executive's office.

Michael Petruccelli asks; Do you need a realtor to purchase a HUD home.

Michael Petruccelli says; If you want to buy a HUD home you will be required to use a real estate broker to submit your bid. To find a broker who sells HUD homes, check your local yellow pages or the classified section of your local newspaper.

Michael Petruccelli asks; Should I use a real estate broker? How do I find one?

Michael Petruccelli says; Using a real estate broker is a very good idea. All the details involved in home buying, particularly the financial ones, can be mind-boggling. A good real estate professional can guide you through the entire process and make the experience much easier. A real estate broker will be well-acquainted with all the important things you'll want to know about a neighborhood you may be considering...the quality of schools, the number of children in the area, the safety of the neighborhood, traffic volume, and more. He or she will help you figure the price range you can afford and search the classified ads and multiple listing services for homes you'll want to see. With immediate access to homes as soon as they're put on the market, the broker can save you hours of wasted driving-around time. When it's time to make an offer on a home, the broker can point out ways to structure your deal to save you money. He or she will explain the advantages and disadvantages of different types of mortgages, guide you through the paperwork, and be there to hold your hand and answer last-minute questions when you sign the final papers at closing. And you don't have to pay the broker anything! The payment comes from the home seller - not from the buyer.

Michael Petruccelli asks; Are you using your IRA monies to purchase Real Estate? (Part 1)

Michael Petruccelli says; If you are here are some things to know.. According to Investment Company Institute Research, "There are approximately 2 trillion dollars invested in IRAs" Baby boomers and other wealthy people own a big bulk of this money. Most of these people have large estates, therefore have other assets to live on, and they will end up passing their IRAs to their family members down the road. Their family members will pay as much as 70 cents on each dollar they inherit between the estate tax and income tax on these IRAs-can this happen to you?

Michael Petruccelli asks; Are you using your IRA monies to purchase Real Estate? (Part 3)

Michael Petruccelli says; You can buy a commercial building, land, second home, condominium, an office, rental property, a ranch, etc. This approach takes a design (blueprint) that can save you thousands upon thousands of dollars in taxes and/or depreciation and other write-off's throughout your lifetime.

Michael Petruccelli asks; How much money will I have to come up with to buy a home?

Michael Petruccelli says; Well it depends on a number of factors, including the cost of the house and type of mortgage you get. In general, you need to come up with enough money to cover three costs: earnest money- the deposit you make on the home when you submit your offer, to prove to the seller that you are serious about wanting to buy the house; the down payment. a percentage of the cost of the home that you must pay when you go to settlement; and closing costs, the cost associated with processing the paperwork to buy the house.

Michael Petruccelli asks; When you make an offer on a home where does the earnest money go and does it get applied to the price of the home?

Michael Petruccelli says; Your real estate broker will put your earnest money into an escrow account. If the offer is accepted, your earnest money will be applied to the down payment or closing costs. If your offer is not accepted, your money will be returned to you.  The amount of earnest money varies. If you buy a HUD home for example, your deposit generally will range from $500 - $2,000.

Michael Petruccelli asks; What if you can put more than that into a down payment?

Michael Petruccelli says; The more money you can put into your down payment, the lower your mortgage will be. Some types of loans require 10 - 20% of the purchase price for the down payment. That's why many first-time home-buyers turn to HUD's or FHA for help. FHA loans require 3% down - and sometimes less.

Michael Petruccelli asks; How do I know if I can get a loan?

Michael Petruccelli says;  Use our simple mortgage calculator to see how much mortgage you could pay - that's a good start. If the amount you can afford is significantly less than the cost of homes that interest you, then you might want to wait awhile longer. But before you give up, why don't you contact a real estate broker or a HUD-funded house counseling agency? They will help you evaluate your loan potential. A broker will know what kinds of mortgages the lenders are offering and can help you choose a lender with a program that might be right for you. Another good idea is to get pre-qualified for a loan. That means you go to a lender and apply for a mortgage before you actually start looking for a home. Then you'll know exactly how much you can afford to spend, and it will speed the process once you do find the home of your dreams.

Michael Petruccelli asks; How do I find a lender?

Michael Petruccelli says;  You can finance a home with a loan from a bank, a savings and loan, a credit union, a private mortgage company, or various state government lenders. Shopping for a loan is like shopping for any other large purchase: you can save money if you take some time to look around for the best prices. Different lenders can offer quite different interest rates and loan fees; and as you know, a lower interest rate can make a big difference in how much home you can afford. Talk with several lenders before you decide. Most lenders need 3-6 weeks for the whole loan approval process. Your real estate broker will be familiar with lenders in the area and what they're offering. Or you can look in your local newspaper's real estate section - most papers list interest rates being offered by local lenders. You can find FHA-approved lenders in the Yellow Pages of your phone book. HUD does not make loans directly - you must use a HUD-approved lender if you're interested in an FHA loan.

Michael Petruccelli asks; In addition to the mortgage payment, what other costs do I need to consider?

Michael Petruccelli says;  Well, of course you'll have your monthly utilities. If your utilities have been covered in your rent, this may be new for you. Your real estate broker will be able to help you get information from the seller on how much utilities normally cost. In addition, you might have homeowner association or condo association dues. You'll definitely have property taxes, and you also may have city or county taxes. Taxes normally are rolled into your mortgage payment. Again, your broker will be able to help you anticipate these costs.

Michael Petruccelli asks; When they say a "go bag" or Evacuation Kit what do they mean?

Michael Petruccelli says; This is the bag you will take with you to when you evacuate. If you are going to a public shelter: Pack your essentials, but pack light as space is limited. It is possible may only have space that measures 5 ft x 2 ft. Remember, a public shelter is not a cruise ship, it is a life boat with the mission to save lives. If you go to a relatives or friends home in a non-evacuation area you may have more room but also ask if you can help out by bringing food from home. Stores will close, bottled water & canned goods with be thin pickings. 

Michael Petruccelli asks; When they say a "go bag" or Evacuation Kit what should I pack?

Michael Petruccelli says; Here are some suggested items for a "go bag" (as stated in the Hurricane guide for Pinellas County):

1) medications and copies of prescriptions 2) Non perishable food 3) Special non perishable dietary food 4) Several gallons of drinking water to keep in your vehicle. A minimum of 1 gallon per person per day. 5) Bedding for a small space 6) Infant or child necessities ( wipes, diapers, bottles, formula) 7) Personal hygiene items 8) Change of clothes 9) eye glasses ( if you wear them & as a replacement for contacts) 10) Quiet games, toys or reading materials 11) Important papers & valid ID 12) Cash 13) Phone list 14) Battery operated radio (if the electric goes out) 15) Hand crank can opener for your non perishable foods

 

Michael Petruccelli asks; What steps should I take to prepare my home before I evacuate?

Michael Petruccelli says; Regardless of where you are evacuating, before you leave your home, be sure to do the following (as stated in the Hurricane guide for Pinellas County): 1) Take your valuables and important papers 2) Turn off all utilities (water, electricity, gas) at the main switch 3) Lock windows & doors 4) Fill your gas tank 5) Advise friend or relatives of where you are going.

Michael Petruccelli asks: When can the weather conditions begin to deteriorate, and driving conditions worsen?

Michael Petruccelli says; Even when the storm is a hundred or more miles away the weather conditions begin to deteriorate, and driving conditions will worsen. The most important thing to remember is to do as much as you can before the Warning is issued. Waiting until then will only give you about 24 Hours to complete preparations and evacuate if you are required. If you are registered for transportation to a public shelter, you will only have s few hours after the Evacuation Order before your ride will arrive. Also, waiting until the Warning to drive hundreds of miles increases your risk of being caught in the storm on the road. Remember there are safe options within Pinellas County.

Michael Petruccelli asks: What actions should you take after an evacuation order has been issued?

Michael Petruccelli says; 1) Determine if your residence is affected by the evacuation order (does it include your evacuation zone or do you live in a mobile or manufactured home?) 2) If you are evacuation locally, get to your shelter location within a few hours of evacuation order. Be sure to check which public shelters are open. 3) If you are traveling out of the local area, leave ass quickly as possible to avoid traffic jams. 4) If you are not required to evacuate, prepare a safe room in your home and stay off the roads to enable evacuation traffic to clear the area.

Michael Petruccelli asks: What actions should you take after a Hurricane Warning has been issued?

Michael Petruccelli says; 1) Stay tuned to local news and get your weather radio ready. 2) Complete any final preparations to evacuate or to shelter in your home. 3) If your plan is to travel out of the local area and you can leave at this point, do so. 4) If you are registered for transportation to a public shelter, have your "go bag" ready. Rescue workers will begin pick-ups shortly after the evacuation order has been issued.

Michael Petruccelli asks; I know there are lots of types of mortgages - how do I know which one is best for me?

Michael Petruccelli says; You're right - there are many types of mortgages, and the more you know about them before you start, the better. Most people use a fixed-rate mortgage. In a fixed rate mortgage, your interest rate stays the same for the term of the mortgage, which normally is 30 years. The advantage of a fixed-rate mortgage is that you always know exactly how much your mortgage payment will be, and you can plan for it. Another kind of mortgage is an Adjustable Rate Mortgage (ARM). With this kind of mortgage, your interest rate and monthly payments usually start lower than a fixed rate mortgage. But your rate and payment can change either up or down, as often as once or twice a year. The adjustment is tied to a financial index, such as the U.S. Treasury Securities index. The advantage of an ARM is that you may be able to afford a more expensive home because your initial interest rate will be lower. There are several government mortgage programs,including the Veteran's Administration's programs and the Department of Agriculture's programs. Most people have heard of FHA mortgages. FHA doesn't actually make loans. Instead, it insures loans so that if buyers default for some reason, the lenders will get their money. This encourages lenders to give mortgages to people who might not otherwise qualify for a loan. Talk to your real estate broker about the various kinds of loans, before you begin shopping for a mortgage.

Michael Petruccelli asks; What do I need to take with me when I apply for a mortgage?

Michael Petruccelli says; Good question! If you have everything with you when you visit your lender, you'll save a good deal of time. You should have: 1) social security numbers for both your and your spouse, if both of you are applying for the loan; 2) copies of your checking and savings account statements for the past 6 months; 3) evidence of any other assets like bonds or stocks; 4) a recent paycheck stub detailing your earnings; 5) a list of all credit card accounts and the approximate monthly amounts owed on each; 6) a list of account numbers and balances due on outstanding loans, such as car loans; 7) copies of your last 2 years' income tax statements; and 8) the name and address of someone who can verify your employment. Depending on your lender, you may be asked for other information.

Michael Petruccelli asks; What will my mortgage cover?

Michael Petruccelli says; Most loans have 4 parts: principal: the repayment of the amount you actually borrowed; interest: payment to the lender for the money you've borrowed; homeowners insurance: a monthly amount to insure the property against loss from fire, smoke, theft, and other hazards required by most lenders; and property taxes: the annual city/county taxes assessed on your property, divided by the number of mortgage payments you make in a year. Most loans are for 30 years, although 15 year loans are available, too. During the life of the loan, you'll pay far more in interest than you will in principal - sometimes two or three times more! Because of the way loans are structured, in the first years you'll be paying mostly interest in your monthly payments. In the final years, you'll be paying mostly principal.

Michael Petruccelli asks; When I find the home I want, how much should I offer?

Michael Petruccelli says: Your real estate broker can help you here. But there are several things you should consider: 1) Is the asking price in line with prices of similar homes in the area? 2) Is the home in good condition or will you have to spend a substantial amount of money making it the way you want it? You probably want to get a professional home inspection before you make your offer. Your real estate broker can help you arrange one. 3) How long has the home been on the market? If it's been for sale for awhile, the seller may be more eager to accept a lower offer. 4) How much mortgage will be required? Make sure you really can afford whatever offer you make. 5) How much do you really want the home? The closer you are to the asking price, the more likely your offer will be accepted. In some cases, you may even want to offer more than the asking price, if you know you are competing with others for the house.

Michael Petruccelli asks; What if my offer is rejected?

Michael Petruccelli says: They often are! But don't let that stop you. Now you begin negotiating. Your broker will help you. You may have to offer more money, but you may ask the seller to cover some or all of your closing costs or to make repairs that wouldn't normally be expected. Often, negotiations on a price go back and forth several times before a deal is made. Just remember - don't get so caught up in negotiations that you lose sight of what you really want and can afford!