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short sales: Florida Foreclosures Stopped? - 12/04/08 12:39 PM
Cape Coral Foreclosures Stopped - Here are the FACTS.
Cape Coral, FL Florida Governor Charlie Crist along with the Florida Banker's Association and Florida Credit Union League urged banks and credit unions in Florida to put a halt on Foreclosure activities for the next 45 days.
Some banks and credit unions agreed to NOT file any new Foreclosures on primary residences in the state of Florida for the next 45 days (as of Dec 2, 2008). They will also NOT be scheduling sale dates either.
You can read the release from the Governor's office here
This could … (2 comments)
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short sales: Cape Coral Short Sales | Advice for banks - 10/25/08 06:50 PM
I'm a firm believer in only addressing a problem if you have the solution. The recent blog I wrote about Countrywide short sales sure caused a lot of comments, emails and phone calls.
Not to worry, I have a solution.
Read the full article about Countrywide Short Sales and the WHY behind this post. Here's what I propose the banks do to collect the most money back on these bad loans:
1) Have an intake department with a checklist of items needed in package
(timeframe: same day of receipt)
a. Reject all that are missing items - send letter of … (6 comments)
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short sales: How NOT to save your home - 10/03/08 07:24 PM
I just read this article about a woman who shot herself as the sheriff's department was attempting to kick her out of her foreclosed home - read full story here
Please, don't try this at home! If you are having problems with your mortgage try your other options first. Your LIFE is so much more important than a mortgage.
Talk to your lender - they may help Talk to Hope NOW Call your mortgage professional - there may be options Call your attorney Call your Realtor - they might be able to sell it. Regular or if needed via a short … (9 comments)
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short sales: Invest in Short Sales | Cape Coral Short Sales | Ft. Myers Short Sales - 08/29/08 02:21 PM
Invest in Short Sales | Cape Coral Short Sales | Ft. Myers Short Sales
Are you interested in Cape Coral short sales? Want to hear the truth about them?Do you and/or your agent understand them?One thing that I think is VERY important is to note the source of the information you find. How many short sales has this agent been involved with? How many have actually CLOSED?Getting bad advice is possible so you need to understand where this information is coming from. Would you take advice about building wealth from someone currently in poverty? No, of course not. Then why … (13 comments)
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short sales: Short Sales and How I Think They Should Be Handled Part 4 of 4 - 06/26/08 01:26 PM
Submit That Offer
Ok, now back to the seller’s bank. You should have already spoken to the bank(s) to know exactly what to send and to where. Create a nice coversheet detailing the borrowers (that’s your seller) Property Address, Name and Loan #. Include page #s like a table of contents. Include the contact for the BPO/Appraisal. Include a preliminary Hud1 (get from your title company), updated financial if out-dated, comparables and property history of the property. Send this and call the following day to verify. (Some banks say it takes up to 72 hours to receive so … (3 comments)
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short sales: Tenants Renting Pre-Foreclosures FOR SALE - 04/08/08 09:35 AM
Property Management and Trying to Sell a Rented Home
Many of the houses we have listed for sale are in a pre-foreclosure situation right now. That’s ok, we do have experience with short sales.
But we also have many pre-foreclosure homes with tenants in place. No, we didn’t place the tenants, we don’t think that is right, they were already there & typically prior to knowing about any type of pre-foreclosure issue with the owner.
Ok, fine. So how can we sell these homes with a tenant in place?
In the best case scenario, the tenants would … (4 comments)
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short sales: Short Sales Should Not be GAMES - 02/10/08 08:41 AM
Last week I was out showing a buyer customer of mine some nice homes in a local waterfront gated community.
Most of the listings in this particular section of the community were listed as short sales. The short sale listings ranged from $280,000-400,000. Most were in the mid 300s.
None had recently sold. The ones that were not short sales were well over $400K.
When I called the listing agent with the least expensive unit to inquire about where they were at in the process he told me they were just waiting on an offer to submit to the bank. I asked … (17 comments)
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short sales: When a Rehab / Short sale is NOT the best option - 11/01/07 01:31 PM
I'm currently working with buyers who are looking for .... what else...A GOOD DEAL. They are stuck on buying a bank owned or short sale property though. Problem is much of what they've looked at needs a ton of work & it is taking weeks to get any responses back from the banks.
I've suggested nicer homes to make offers on where we can negotiate directly with the sellers.
Why?
Because unfortunately many agents in our market place think they know how to handle a short sale when in fact, they have no clue. Yes, sometimes it is just plain difficult to deal with … (5 comments)
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Cape Coral Real Estate Broker | Susan Milner | FloridaFutureAgents.com
Cape Coral,
FL
More about me…
Florida Future Realty, Inc.
Address: 2816 Del Prado Blvd. S, Unit 1, Cape Coral, FL, 33904
Office Phone: (239) 542-8521
Cell Phone: (239) 218-2229
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