When youre selling your property, doing some very simple things can give you an amazing bang for your buck. One of those things its called staging. Its basically remodeling or redecorating your home to make it attractive to any potential buyer so important. And the results . They can be dramatic. We tagged along with professional home stager jennifer paxson, as she transformed two properties that are about to hit the market. What we do as stagers is we bring furniture in so that people can see how they could live in the space. We make people have an emotional connection so they see the way that they could live life. For Property Number one, jennifer went way beyond traditional staging and worked with the homeowner on repainting, restaining cabinets, and even replacing carpets. The style of the home is very traditional. And what were trying to do is make it transitional because transitional is gonna bring the traditional style as well as contemporary pieces. Contemporary pieces are more of what buyers look for today. Its more livable, its more realistic, and its more comfortable. In this room, what were doing is changing the paint color because what this paint color does is it darkens the room. So, were bringing in some lighter colors. Were gonna do barstools. Were gonna do accessories, bowls. Youll see a pasta with pasta sauce. So, they can actually connect. In this room, its gonna be a sofa, a chair. We put down a large area rug. Its a huge transformation when you see the after. We dont ever want to clutter a space. We just want to accent it. This room here is gonna be the game room. Were actually installing real tvs. Were bringing in a large pool table, some furniture like a sofa, some comfortable chairs. This is the formal dining room. What were doing in here again is painting to brighten up the room. Were bringing in a large, formal dining table, six chairs. So, i set the table, bring in floral arrangements, things that are again going to have the emotional connection that we can entertain here. This is where were gonna have our friends and family and enjoy. Were now heading into the master bedroom. Were going to warm up the space by bringing in a large kingsized bed with nightstands, lamps. So, jennifer, the last time i was here, there was nothing here. We have added furniture and accessories to all the main areas of the home. Weve brought in all the masterbedroom furniture. A few weeks ago, this room was vacant. Now that the furnitures in, you can imagine yourself sitting by the fire reading a book. Whats the difference between a stager and a decorator . Interior design were focusing on decorating for a person. Like, id be decorating for you and your taste. Only 10 of buyers can visualize what a home actually is going to look like with their furniture. Home staging is more about appealing to 90 of the population. The cheapest and most effective thing you can possibly do is paint. Its the best thing to totally transform a home. Property number two presented some unique challenges. Its another beautiful home with a massive open kitchen that opens out into an unbelievable outside area. We have a gorgeous Outdoor Living space. You have the pool with the grotto, the waterslide. And this room is the master bedroom. What were going to do here is a large, kingsize bed with end tables and lamps. You want the potential buyers to see this room and just fall in love with it. You know, jennifer, the last house was beautiful, but i must tell you, this is magnificent. The last time we were here, a lot of these things werent here, like this beautiful sitting area. Mmhmm. With just firstclass furniture. What did you do in here since the last time we were here . This room was completely vacant. What weve done is weve brought in all the accessories to warm up the kitchen. Mmhmm. I like to make it have a homey feel. The spices are out. The pastas are out. You know, just little touches like that that will connect them to the space. In the living room, weve added a large sectional so they can see themselves and their family having somewhere where they can hang out. This magnificent pool area was nothing like this. No. This is more of a remodel. Theyve actually emptied the pool. Theyre staining, refinishing, and sealing all of the rock area. What input does the homeowner have as it relates to the proposals that you make . Like, you say, i think this dining room should be oak. And somebody says, oh, i hate oak. Right. So, how do you react to that to make them understand that thats really appropriate . Well, what i try to do is just convince them. We are looking at your home as a product now. We want to appeal to the 90 of buyers out there. You want the majority of people to like the home when they enter it. People have to understand that this is a milliondollar home, but you could do this with really any reasonably priced home. Yes, any home. Yeah, and thats an Important Message out there. Great job. This is beautiful. Thank you so much. Thank you. Theres no way to talk about properties without dealing with the topics of credit. Lending and debt well, those things can seriously trip you up and haunt you for years. Ill tell you how to protect yourself and come out the other end successfully. Plus, behind the scenes at one of the strips hottest condos. [ woman vocalizing ] i love to eat. I love hanging out with my friends. I have a great fit with my dentures. I love kiwis. Ive always had that issue with the seeds getting under my denture. Super poligrip free. It creates a seal of the dentures in my mouth. 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Right now, congress is talking about tax cuts that will add trillions to our National Debt and hurt our economy. Its time to tell congress. Dont borrow more money from china. And leave more debt to our kids. Keep your word. Tax cuts shouldnt add to the National Debt. And im the founder of ugmonk. Before shipstation it was crazy. Its great when you see a hundred orders come in, a hundred orders come in, but then you realize ive got a hundred orders i have to ship out. Shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everythings pretty much done. Its so much easier so now, were ready, bring on t. Shipstation. The number one ch of online sellers. Go to shipstation. Com tv and get two months free. My business was going nowhere. So i built this kickin new website with godaddy. Building a website in under an hour is easy 68 of people. Who have built their website using gocentral, did it in. Under an hour, and you can too. Type in your business or idea. Pick your favourite design. Personalize it with beautiful images. And. Youre done and now business is booming. Harriet, its a double stitch not a cross stitch build a better website in under an hour. Free to try. No credit card required. Gocentral from godaddy. Nearly every person in america at some point in their lives will need to understand the complicated issues of credit, lending, and debt. But to really understand it all, you first have to go back about ten years before the credit bubble burst. Housing prices were booming, and mortgages were being given away like candy. Were talking no income, no assets, stated income, stated assets that never were intended to be used on wage earners but then allowed people to get into homes they probably should not have bought. Theres surely some fault on some homeowners in america that got into the American Dream but really shouldnt have been able to get into that American Dream. In many institutions, you would have a chief lending officer. Chief lending officer is chasing production for productions sake, making loans, as many as they can, and not caring about the credit risk. Soon, millions of people were having trouble paying back the money they had borrowed, and foreclosures skyrocketed. The two most common ways of saving a home from foreclosure are persuading the banks to modify the loan or doing a short sale, which means selling the property for less than what is owed on the mortgage. You had to be in such a sweet spot to get a loan modification. You couldnt make too much money. You couldnt make too little because the banks wanted to see you could afford the payment long term. So, if you werent in this little, tiny piece of pie that they cut out, you were going through months and months, if not years, of supplying paperwork to the banks, giving them your pay stubs, your bank statements, hardship letters, over and over again on a monthly basis and really getting nowhere. Its much better for us to keep a borrower owner in their home than to take that home back. But many responsible people, those doing everything they could to stay afloat but still struggling were often told that the only way they could get help was to actually stop making payments. Most of the times they said, well, you know, you can make your payments on time, but wink, wink, nudge, nudge, youre probably not going to get approved because youre not our problem. Youre making the payments. Why are we gonna look at you when we have a stack of hundreds on our desk . That are in default. That are in default. So, now they have the hit on the credit. Theyre not getting a modification. And now what do i do . Now, even though things are getting better, theres still a lot of unpaid debt out there. And when you borrow money that you cant repay, it doesnt just go away. Eventually, debt is often sold to debt collectors, sometimes for pennies on the dollar. And to collect on it, they can get very aggressive. When times got tough for jeffrey smith, he turned to payday loans to cover his expenses. A knock comes to our door. I open up the door, and its one of the people from the payday loan companies. A manager is knocking on the door, asking us for money. Im sorry. Were going through bankruptcy. No, no. You owe us a debt. You have to pay up. No, you have to get off my property. No, no, you have to pay up now. And he wouldnt leave. But what if you dont even owe the money . Joe hernandez and his wife, well, they were always very careful to pay their bills on time and keep their credit good. But that didnt seem to matter. We started receiving phone calls just out of the blue, and they would call and they would ask for somebody with the last name of hernandez, like mine. And it usually was john or joel or jeff or julie or judy. I continually told them that they had the wrong number and to quit calling us. I thought that would end it, but of course it didnt. Did they call all times of the day . Wed get calls early in the morning, late in the evening, on the weekends. It didnt matter. Sometimes wed know when the phone rang that it was some Collection Agency trying to collect. Sometimes they would call and then about not even a halfhour or an hour later, they would call again. And we could tell by looking at the phone, what phone number it was, and it was e same numbe h many times do you think they aually called you . On a daily basis . Yes cld be anywhere from 3 to 14 we just got tired of the phone calls. It seemed like we were being harassed on a regular basis. It interrupted our life, and we just thought, you know, we just want them to stop. Eventually, they couldnt take it anymore, and they called attorney Kevin Hernandez no relation. Its a cost benefit that they go through, these collection companies go through. They say, well violate the law this many times, and maybe one or two of these people, like the hernandezes, will seek an attorney. The rest wont, and they can recover off of those people who are scared and who want to pay the debt just to make the calls stop. We were told that they were in violation of federal law and that there was some recourse that could be taken to stop the harassing phone calls. When you first get a call from what is perceived to be a debt collector, do you think, well, gee, is there a bill i didnt pay, and i forgot about it . Did that ever come across your mind . You know, you kind of think about it, but we know that were very current on our bills, and we check our credit scores, and there was no credit problems. So, as soon as i realized it, i thought, well, why am i being harassed for something that i dont owe . There is intimidation and fear and coercion by these cause these people are really pros. Theyre very disciplined people. Theyre not afraid of rejection. One thing i want to make clear is that Debt Collection in general is a legitimate business. Sure. And so, i dont want to disparage the business in general. But if you look at some of the players in the game, especially here in las vegas, you see that the collection tactics they use, like calling at odd hours of the day, calling multiple times per day, telling people that theyre gonna go to prison for a debt, telling people that theyve opened a case against them and making up a case number these are things that i see all the time, and theyre things that are obviously clear violations of the federal law that we use to file these cases. If people realize that didnt owe, they probably say, well, yeah, you owe 100. Well settle for 50. Im sure thats a common tactic. It is. It is. Ive seen as low as 16 in some cases, where they claim that they owe 16, and they have no verification, no basis for it. And theyll tack on fees on top of that to make, you know so, oh, youre gonna pay for this debt . Well, now you have to pay for our attorneys fees or our costs. And if youre wondering what happened to Joe Hernandez and his wife, whose phone just wouldnt stop ringing . Well, they filed suit in federal court. Its interesting. As soon as the federal litigation was filed, the calls immediately stopped. So many people have lost so much in the last several years because of the realestate crisis and just enormous amount of debt. And theyve been harassed by debt collectors. Im gonna give you a checklist of what your legal rights are if youre being harassed by a debt collector. And also, you want to see some beautiful condo living on the las vegas strip, the center of las vegas . Well be right back. This is the property man. [ woman vocalizing ] Liberty Mutual saved us almost eight hundred dollars when we switched our auto and home insurance. With liberty, we could afford a real babysitter instead of your brother. Hey. Oh. Thats my robe. Is it . You could save seven hundred eighty two dollars when liberty stands with you. Liberty mutual insurance. [lagale force winds,s absolute chaos out here accumulations up to 8 inches. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. Whuuuuuat . Rtgage offer from the bank today. You never just get one offer. Go to lendingtree. Com and shop multiple loan offers for free free . Yeah. Could save thousands. You should probably buy me dinner. No. Go to lendingtree. Com for a new home loan or refinance. Receive up to five free offers and choose the loan thats right for you. Our average customer could lower their monthly bills by over three hundred dollars. Go to lendingtree. Com right now. Welcome back. Im bob massi, the property man. More than 500,000 americans buy condos or coops every year. If youre thinking about joining them, go to foxnews. Com propertyman, and ill tell you what to look for and what to watch out for. But first, lets check out a unique complex right here in the las vegas area. You could find luxury condos in just about any city in america nowadays. So, what makes these special . Well, its the old cliche about real estate location, location, location. The veer towers were built in 2010 as part of the city center development, right smack in the middle of las vegas strip. City center has been called a city within a city 67 acres of shops and restaurants, hotels, and apartments surrounded by that famous las vegas strip. The veers unique buildings stand out due to their bright yellow color. And, by the way, they were built tilting outwards at 5degree angles. Lets go get a tour. Were at the veer towers on las vegas boulevard. This is the famous strip. So, obviously, this is a spectacular place overlooking the strip. Tell us about this particular setup. This residence is one of our twobedroom condominiums. Were on the 15th floor, a little over 1,300 square feet. We have a kitchen area, dining area, living room, sort of all selfcontained. Correct. Clients can purchase them and do whatever they want as far as the decor. What is standard, though, if you look at the kitchens, for example the bosch appliances, the countertops. All that stuffs standard, whether you go to a studio or, for that matter, one of our threebedrooms. Our success is really based on where we are. You move these buildings two blocks in either direction, our numbers would be different, completely different. Vegas has always been known for destination, place to come and hang out, but never for, like midtown manhattan, where people are coming and buying facilities like this, buying a condo to live here or invest in it. So, thats a big change for vegas. I think so. And its starting to change more in what were seeing. In other words, when we first started, you would see a lot of the investor market coming. Over the last year, its changing a lot of the endusers now. As nice as the hotels are, its still a hotel room. This is their place. They sleep on their own pillow. Aint it good to come home . Here we have obviously a bedroom. Yeah, youre going into the master bedroom. The thing to point out here is the bathrooms, because these are the standard finishes that we have throughout the building. Lets talk about the price range. Okay. This is 1,300 and. Little over 1,300 square feet. So, how much is this, if somebodys gonna buy it . As you see it here, fully furnished, youre looking at 1,025,000. Okay. Turnkey everything you see. And you go from a studio . Oh, no, we have condominiums that are 250,000. Okay. On up to more than 2 million. Well check out the 2 million apartment in a minute, but first, most owners will tell you that the best part of a condo are the amenities. Owners are able to take advantage of these facilities, like pools and gyms and game rooms and media centers. Well, at the veer, there is no exception. So, we just came from this spectacularlooking condo with a view thats unbelievable. So, you think when youre looking at it, how can anything get better than that . Im gonna show you. And then you bring me up to this amazing 37th floor at the veer. Were on the 37th floor. If anybody had any doubt as to where were located, this is the heart of it. Were in the heart of the strip. And you got the Fitness Center over there. We have a Fitness Center, right, and the media room. We only have sunshine about 360 days a year. Yeah. Life is good. Its not terrible. Life is good. Its not terrible. Were on the 21st floor, and this is a 2bedroom with a media room. Its a little over 2,200 square feet. So, ed, you mentioned the media room, or aka the man cellar. Let me take you to the man cave. Yeah. Come on in. Here we go. This is living right here. This is it, yeah. No, this is a great spot, obviously, to come here and unwind. Youve been in the realestate business for a long time. Yeah. In general, when somebody is buying a condominium, what kind of questions do you think they should be asking you, the person thats representing the veer or any other condominium complex for purposes of answering that question . What direction do you give them . I think its really important that when people buy condominiums, they realize that its not just buying their little residence. You really are part of a bigger picture, which in this case, for example, veer towers. The association, for example, and the financial standings of the association is something that you want to look into in any condominium purchase, regardless of where you are. Let me show you the master bedroom. Yeah, yeah. I would never have expected to see this kind of closet in a facility like this. This residence here is perfectly suited for that individual who does make las vegas their primary home. I tell the clients, how cool is it that you get to own a piece of whats arguably the most famous boulevard in the world . No question about that. Ed, thank you so much for your time today. Thank you, bob. Thank you for coming. Oh, no, fantastic facility, beautiful the amenities, the views. And youre welcome anytime. Thank you, buddy. When we come back, well review some of what we learned today in the massi memo. [ woman vocalizing ] my experience with usaa has been excellent. They always refer to me as master sergeant. They really appreciate the military family, and it really shows. Weve got auto insurance, homeowners insurance. Had an accident with a vehicle, i actually called usaa before we called the police. Usaa was there handson very quick very prompt. I feel like were being handled as people that actually have a genuine need. Were the webber family and we are usaa members for life. Usaa, get your insurance quote today. Welcome back. Im bob massi, the property man. And now its time for the massi memo. Earlier in the show, we talked about Debt Collection. Everybody gets a letter from a debt collector, they panic. Heres what you need to do. Open up the letter. Dont be afraid of it. Make sure its a debt that you owe, or you dont owe. If you dont owe the debt, you have rights. You write them a letter, and you say, hey, this is not my debt. Prove it to me that it is. If you check your credit report, its on your credit report. You say, hey, thats not my debt. Remove it. So, you have rights. Dont be afraid of that. Debt collectors, for example, they cant garnish or threaten to garnish your wages or put a judgment against you and take your kids away. They do these type of things. Theyre not supposed to call you late at night. Those type of people can be very abusive, and there are specific laws on the books that say you cant do that. So, dont fear it. The biggest problem i have, so many times. We get emails. People are afraid. Anxiety creates confusion and frustration, which leads to more fear and problems. If you get a registered letter or certified letter, please go get it. Its very important to do that. Thats all we have time for today, but theres much more on foxnews. Com propertyman. Be sure to send me your questions and any property stories at propertyman foxnews. Com. Im bob massi, the property man. Ill see you next week. [ woman vocalizing ] im bob massi. For 34 years, ive been practicing law and living in las vegas, the center of the recent realestate crisis. Lives were destroyed from coast to coast as the economy tanked. Now, well, its a different story. The American Dream is back, and nowhere is that more clear than the Sunshine State of florida. So we headed from the strip to the beach to showyou how to live the American Dream. Im gonna meet real people who are facing serious problems, take you behind the gates of properties you have to see to believe, and give you the tips that Everyone Needs to navigate the new landscape, because information is power, and the property man has got you covered. [ woman vocalizing ] thanks for joining us. Im bob massi. I want to introduce you to a couple who went through something that lots of americans have experienced unnecessarily. Im gonna go meet kin and colette. Kin is a surgeon. Several years ago, he was trying to fix a light. He was on a ladder in the back of his home. And he fell off the ladder and had whats called a closedhead injury resulting also in a stroke, ultimately being forced into filing bankruptcy. Colette, doctor, nice to meet both of you. Thank you for having me. Right at the height of the market crash a few years ago, kin fell off a ladder. I was changing the light on the back of my house. When i regained consciousness, the sun was in a different position, and i knew i was, you know, i had at minimum a concussion. And then about a few months later, i woke up unable to move my left side. As he recovered, he couldnt work, and he fell behind on the mortgage payments. I had to live mostly off my credit cards. As physicians, especially solo physicians, we dont have any sort of unemployment or disability, so when we are disabled, we dont you dont eat unless you make unless you bring in your own money. After a year in rehab, ken was recovered enough to work again, and he wrote a check to the mortgage company. He contacted them. He said, how much money do i owe you . I called them and asked them if i can try to become current with my loan. And i even paid the late fees for being late on, like, 11 of them. So, when you called them, they actually gave you an amount to pay to bring you current on the loan. Yes. And you sent the check in . It cost almost all my savings and my Checking Account at the time, but yes. He sent them all of the money, plus fees and interest. Guess what. Two months later, i received a letter in the mail saying that im being foreclosed on. I then called the lender, and they told me that instead of accepting my check, they were going to foreclose on me. As foreclosure loomed, they had a few options. First, they could do nothing stay in the house until it gets foreclosed on. Two, they could try to get a loan modification. Surely he had hardship. The man fell off a ladder and had a closedhead injury and a stroke. And three, they could get Legal Counsel to see what their rights are. They hired a law firm to help them, but the case just seemed to fall between the cracks. We went to go see that attorney, and it was on the third visit, and with the third visit, it was the third attorney because this place just kept rolling over attorneys. Actually, the person that weve seen the most was the finance department to make sure we could continue to pay the 4,000 every year. We got absolutely nowhere. And thats when i told kin, do you really want to fight. Do you want to be here . Do you want to fight for this house . And he said yes. I said, then let me take over. So heres a very educated man, whos caught in the middle of this crossfire with a lender, and across the board, you didnt even know what was really the best way to go, which is a poor commentary for everybody. Yes. Its unfortunate. But ive had over a dozen years of postgraduate training. Im a highly skilled technician. But none of my courses involved anything about finances, business, or even how to keep a house. He knew what he wanted, but how do you get there . If this was a medical problem, itd have been fixed. They found a new attorney, and they decided to attack rather than defend. There was no time to waste, so the lawyer advised them to file whats called a chapter 13 bankruptcy, and when they did that, it automatically stopped the foreclosure. Our house was going on auction that tuesday. That monday, we got a stop or a stay on the actual auction of the house. You, like Many Americans who were in default, there are really several options. The first option is do nothing. Many people did. They did nothing. They lived in the home until they finally said, take it because theyd had enough of the lenders. Just what you went through. Yes. Sure. You know, basically being, feel like youre a criminal, being assaulted, having your money rejected. The second thing you would try to do is, on your own, a loan a modification, which you may have tried and still be unsuccessful because you never, ever talked to the same person, and they were always losing the documents and sending new information. Mmhmm. And then, of course, the ultimate thing was how do you save your home . Here you are saying, i want to save my home. I paid, and you got good advice ultimately, saying, theres this thing called a bankruptcy. So many consumers over the years have filed bankruptcies and not really understood the impact. Now, lets look at the chapter 13. We actually call that a wage earners plan. This is what it means. Lets say you make 10 a month, and out of that 10 a month, 8 is your expenses, and 2 are disposable income. You may qualify for a chapter 13 and that disposable income is used for purposes of paying off some debts. You have to give the court a list of your income and expenses. The plan of repayment is submitted to the court for review. And if it meets the standard, the court gives its blessing, and you begin making your payments over a three or fiveyear period. You do have to pay your trustee every month. You cant just pay the bank. You send your check to the trustee. The trustee then sends, you know, to their bills and makes sure everythings taken care of, and we do that for five years. And when thats completed, the debts are gone. Again, its a new way to start your life. I was offered but did not declare any of my credit cards or other items that i could have put into the bankruptcy. They were also able to get a federal courtordered mediation and a loan modification. So, what does that all mean . It means that you go with a group of people a representative from the lender; a representative on your behalf, in this case, the bankruptcy lawyer and you try to figure out if you qualify for a loan modification. The lender looks at all of your financials, and then they decide if theres enough of a hardship. I believe we know in this case surely there was. What is your message to those people that are still going through this in america . And they still are. What is your message . You dont accept whats being told to you. You keep fighting. If things change and you cant make the payment, you immediately go to that lawyer and say, somethings coming up in the next six months. Im not gonna be making the money im gonna make. So, we may have to adjust this plan now. Too many people wait to the last minute, and then the trustee moves to dismiss that bankruptcy, and then theyre really screwed. So, make sure you keep on top of it. Up next, america is changing, and that includes where people live and how they get around. A look at how transitoriented development could be reshaping your life, and sooner than you might think. [ woman vocalizing ] hes told that joke a million times. And you always laugh like youre hearing it for the first time. At lincoln financial, we get there are some responsibilities of love you gotta do on your own. And some you shouldnt have to shoulder alone. Like ensuring hes well taken care of. Even as you build your own plans for retirement. See how lincoln can help protect your savings from the impact of longterm care expenses at lincolnfinancial. Com. By listening to an thiaudiobook on audible. Ame and this guy is just trying to get through the day. This guy feels like he can take on anything. This guy isnt sure he can take it anymore. Unwavering selfconfidence. Stuck in a 4door sedan of sadness. Upgrade your commute. Ride with audible. Dial star star audible on your smartphone to start listening today. Welcome back. Im bob massi, the property man. You know, one great thing about doing this show is that i get to see the way people live and how its changing. Successful communities are able to figure out what kind of lifestyle folks want, and they give it to them. [ bigband music plays ] in the early 50s, William Levitt built levittown, and the modern american suburb was born. People began flocking to the suburbs, raising families there, and finding a way to commute into the city for work. It was a great time in america. [ uptempo music plays ] well, theyre running out of land, and people are tired of sitting in their cars. Now things are shifting again, and a big part of that is what we call transitoriented development. Transitoriented development is flipping development on its head. Transit first, and then build around transit, whether its retail, commercial development, or residential. So, it serves as a central gathering place, and then you build around. What it is not is having a development already established and then putting some form of transit, retrofitting it in. So, rather than a transit stop just being a dropoff point, its now becoming a nexus of Economic Development to ensure that within 1 4 to 1 2 mile of a transit stop, youre going to find mixeduse development that vertically integrates things like retail, apartments, offices, commercial development. That way, people will walk instead of taking other forms of transportation once they get off mass transit. And orlando, florida, was the Perfect Place that turned this concept into reality. Orlando has always touted itself as a place to live, work, and play. The problem historically is that weve had sprawl. So, the live, work, and play was separate. You worked one place, you lived another place, and typically, you played in a different place. The idea was we had to grow smarter, and we really needed to focus on transit and then transit nodes. We were one of the few communities 10 years ago that didnt have any form of Commuter Rail or light rail system. [ horn blows ] then came sunrail. The state of florida bought a 61mile section of an existing freight rail line to create a commuter service. It was public money that built the sunrail system, and then its private money, largely, that is building and investing in the areas that are close to the stations. And this will allow people to be able to live much closer to a transit that will get them to their workplace, get them home at night, without having to jump on the highway in their cars. Residents can shop around the station. They can get to work using the station. And they do it in a sense of walkability. Sunrail has had a huge impact on downtown orlando. We have probably a couple of billion dollars worth in downtown thats associated specifically with the fact that we have sunrail. It creates sort of a circle of how we want development to happen. Within 1 4 mile of a transit stop, we call that the transit core. Thats where you find medium to highdensity and intensity development. And as you go out, it starts to decrease. The logic behind it is that people really wont walk more than 10 minutes, so we have to cluster that development as closely as possible to transit as we can. Well, sunrail has been in existence now since may of 2014. And the impact has yet to be fully felt. But as you can see behind me, its already being felt with the development of the 172acre Florida Hospital health village. They see this as a way for people to be very close to the health care that they want. Its going to take 15 years to build this all out in the end. There will be residential, 550 units. There will be commercial, real estate, hundreds of thousands of square feet. Studies within the last couple of years have shown that about 60 of millennials would be willing to live in a smaller house if it meant less than a 20minute commute. The millennial generation all want to be close to where they work, close to where they want to play, close to where they want to shop. Theyre not interested in driving long distances. This is going to drive urbanoriented developments all across the country. Younger people are demanding this. And so i dont see a lot of growth that is not going to have as a key component transitoriented development. Up next, have you ever thought about your dream home and imagined it having a white sandy beach . Or for us golfers, a putting green . Or a retreat styled after a northwest Mountain Lodge . Well, im gonna take you inside a property that has all of that and much more. The property man comes right back. [ woman vocalizing ] i love to eat. I love hanging out with my friends. I have a great fit with my dentures. I love kiwis. Ive always had that issue with the seeds getting under my denture. Super poligrip free. It creates a seal of the dentures in my mouth. Even well fitting dentures let in food particles just a few dabs of super poligrip free is clinically proven to seal out more food particles so youre more comfortable and confident while you eat. Super poligrip free made even the kiwi an enjoyable experience try super poligrip free. Betty called me at she thought it was a fire. It was worse. A sinkhole opened up under our museum. Eight priceless corvettes had plunged into it. Chubb was there within hours. They helped make sure it was safe. We had everyone we needed to get our museum back up and running, and we opened the next day. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Whentertaining us,es getting us back on track,hing . And finding us dates. Phones really have changed. So why hasnt the way we pay for them . Introducing xfinity mobile. You only pay for data and can easily switch between pay per gig and unlimited. No one else lets you do that. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit or go to xfinitymobile. Com. I want to take you inside another luxury home just hitting the market. And if you want to talk about Luxury Living in central florida, well, you turn to mark hayes. Hes the president of isleworth and stockworth realty, and he knows his stuff. Isleworth is the exclusive 600acre Residential Golf Community located in souwest orlando. It got the name isle of worth because of its location on the butler chain of lakes 11 interconnecting springfed lakes with 70 miles of shoreline. Were gonna go into this house in a minute, but just this is magnificent. Tell us about the outside. Bob, this home is known as la belleza dorada, the golden beauty, and its one of my favorite homes. Hey this 7,200squarefoot home is listed for 5. 3 million. It sits on over an acre of land on the 16th tee. Over 12,000 square feet. All the materials in this home were imported from all over the world. It was designed to feel like you were living in a resort yearround, but its also got a lot of fun places. Lets go have some fun. Yeah, lets go look at it, buddy. Whoa [ laughs ] he was pretty serious. This elegant fourbedroom, 6 1 2bath home displays superior custom workmanship throughout. The lavish finishes hit you from the moment you walk inside. Imported italian tiles, granite, and marble, natural stones and woods, plus caststone columns. Everything about this house was so thoughtfully planned. You walk in, and youre overlooking the 16th tee. But youll notice theres a berm there, so the golfers cant see in. You have total privacy. These pillars, magnificent inside and out. Everythings custom. Beautiful terra cotta. Real stone columns. All the woodwork is custom. All the ironwork is custom. This house was really built to entertain. Theres several distinct areas of this home that make it a lot of fun. You feel like you have five homes in one with this house. [ latin music playing ] youve been in the realestate business for quite a while. I mean, i know education is your passion and things like that. Over 25 years. Okay. When you walk in, its almost like you dont even have to sell it. It speaks for itself. Theres just so many thoughtfully planned areas that are just inviting. For instance, the kitchen overlooks the entertaining outdoor kitchen, you can see the entire backyard from many angles. Its just. Its very inviting. Its very comfortable. What really makes this house special are the five separate Outdoor Living areas. White sandy beach with sand imported from marco island. A tropicaloasis playground with a saltwater pool and spa. Putting green steps away from the 16th tee of isleworth country club. And a covered area with a wall of florida doors that fully open for true indoorOutdoor Living. Plus an english garden. [ latin music plays ] a lot of times, people who buy homes on the golf course in different parts of the country, they dont have the privacy. But this home provides you this. Oh, this house is perfectly designed for feng shui, where the trees are planted thats true. Your vistas, the water. Weve had so many people come to this house, and the minute you walk in. Ahhh. Yeah. Its relaxing. You just feel it. Very relaxing. You have a gentlemens retreat, complete with wood built out the cave. The cave. The man cave. Lets go look at the mans cave, buddy. All right. [ latin music playing ] the gentlemens retreat is styled after a northwest Mountain Lodge, with an authentic antler chandelier, full bath, and fully equipped bar. The home is being offered with the option of keeping all of the custom furnishings. The tuscaninspired estate lends itself to indooroutdoor entertaining with more than an acre of lush tropical landscaping. The ironwork is all, again, custom. Doors are custom. Things brings a whole new definition to master bedroom. [ laughs ] i mean, look at the expanse view, the high ceiling, the handpainted ceiling. Fireplace, breakfast nook, not a bad way to start your day. And isleworth golf course. Yes. Life is good here. Life is good here. Life is good here. Just a beautiful, welldetailed, warm home. We like to say isleworth is where the great come to get better. Up next, ill recap everything we learned today in the massi memo. [ woman vocalizing ] my name is jeff sheldon, and im the founder of ugmonk. Before shipstation it was crazy. Its great when you see a hundred orders come in, a hundred orders come in, but then you realize ive got a hundred orders i have to ship out. Shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everythings pretty much done. Its so much easier so now, were ready, bring on t. Shipstation. The number one ch of online sellers. Go to shipstation. Com tv and get two months free. Right in the heart of the was in his financial crisis, and saw his portfolio drop by double digits. It really scared him out of the markets. His advisor ran the numbers and showed that he wouldnt be able to retire until he was 68. The client realized, i need to get back into the markets i need to get back on track with my plan. The Financial Advisor was able to work with this client. Hes now on track to retire when hes 65. Having someone coach you through it is really the value of a Financial Advisor. Time now for the massi memo. Earlier, i told you the story of ken, the surgeon who found himself fighting to save his home after a head injury and stroke left him temporarily without any income. Ken filed a chapter 13 bankruptcy, which stopped the foreclosure, and, through courtordered mediation, was able to get a loan modification and save his home. Its important to understand the types of bankruptcy. First, chapter 7 bankruptcy. Thats a liquidation of assets, also known as a noasset estate. In other words, you get an opportunity to hit the restart button. You must meet the Median Income wherever you live in order to qualify before filing. And also, credit counseling is necessary. Trustees are appointed, and they oversee the bankruptcy once its filed, and it stops any other legal matter, including a foreclosure. You must file all of your assets and liabilities in your verified sworn petition. If there are no assets, all debts will be discharged, and your life well, it can start over. Now lets talk about a chapter 13 bankruptcy. Thats called the wage earners plan. You must meet the Median Income level where you live also in order to qualify. If you qualify, the court will approve a payment plan of creditors. The payment plan is usually three to five years, and at the end, all debts will be discharged. The downside of a chapter 13 bankruptcy if something changes in your financial position and you cannot pay the bankruptcy trustee, well, it could be dismissed by the court because you did not comply with the plan that was approved. It is urgent that you contact an attorney if anything changes where youre unable to make the payment plans under the chapter 13. Now, ken was also able to get a loan modification because of the successful bankruptcy and a competent attorney. Today, theyre not as prevalent as they were in the past, but you still have to show hardship if you have any shot at getting a loan modification. And remember, on a loan mod, if youre approved and if you default, the over and under on you ever getting another one is slim and none. As always, theres more info on as always, theres more info on our website at foxnews. Com propertyman. Thats it for today. Be sure to send me your questions or property stories at propertyman foxnews. Com. Im bob massi. Ill see you next week. [ woman vocalizing ] there. Take care. Announcer from fox business headquarters in new york city, a new wall street week. Maria welcome to wall street week, the program that analyzes the week that was and helps position you for the week ahead. Im maria bartiromo. First here is a look at the headlines. House republicans unveiling their tax reform bill, hoping to push through the first revamp of the tax code in 30 years. If it passes it would cut the number of tax brackets from 7 down to 4. The thanks brackets