broward county: Condo Assoc Fees stay after Foreclosure - 04/26/08 11:02 PM
In a recent Short Sale negotiation with an Attorney for the Condo Association for my Seller, I was informed of a new law here in Florida that passed in the latter part of 2007 that indicates Past due Condo Association fees no longer drop off with a Foreclosure but they attach to the condo and must be paid by the new owner (the Bank/Lender). Having to negotiate to lower the Assoc fees in order to get the short sale approved, this new law, if true, just made my job a bit more difficult when trying to get the fees reduced to get a short sale … (79 comments)
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broward county: Pre Foreclosure...Short Sale...Foreclosure....What should you do next? - 11/06/07 03:50 PM
Do Not Ignore your situation. You have a situation in your life that you need to deal with just like you would with any situation in your life. First, you would seek the help from someone who is qualified to help you...you need options and you need answers.
You hear about the ever increasing rates of Foreclosure on the news, yet nobody is telling you what you can do about it. Myself and other Realtors who are helping families like yours are trying to get the word out to you. I have dedicated a great deal of my content here on my Blog … (0 comments)
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broward county: Coconut Creek Florida Condo Short Sale - Reduced to $119,500 - 10/29/07 02:51 PM
If you're looking for a Single Family home Short Sale in Coconut Creek, call me or email me for more information. I have a real beauty! … (0 comments)
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broward county: TELL US WHY YOU DECIDED TO HELP HOMEOWNERS with short sales in foreclosures - 10/07/07 05:19 PM
Why I decided to help homeowners with short sales in foreclosures:
Not every Realtor has an interest in handling short sales and not every Realtor has the knowledge to handle a short sale and not every Realtor has the passion to handle a short sale.
A short sale involves a lot more work than a typical real estate transactionA short sale requires additional education to the standard real estate transactionA short sale requires being empathetic to the homeowners situationI chose to do it because I saw an area where I could truly make a difference in ones life. As a Realtor here in Coral … (16 comments)
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broward county: A Sellers Expectation of a short sale property - 09/28/07 10:16 AM
Selling a home a as a short sale can allow a homeowner to escape Foreclosure and to get on with their life in hopes of rebuilding their life and their credit.
Sellers need to have a proven hardship and they themselves need to be able to put it in writing haven been written to have a dramatic effect on the person reading the letter and it must be true. The sellers hardship will need to be backed up by documentation of hardship plus financial statements provided such as tax returns and bank statements, etc. If the seller simply wants to move because he/she … (8 comments)
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broward county: Did you know this about the 1099-C and cancellation of debt???? - 09/20/07 05:25 PM
I'm being informed from a National Real Estate Training Institution on Short Sales about the following news. I'm certainly agreeing that this is a real WOW. The IRS issued a news release on Sept 17, 2007 in an attempt to clarify the 1099-C in regards to foreclosures.
This will show you how the IRS determines your potential liability in a short sale or a foreclosure.
How to figure cancellation of debt income
1. Enter the total amount of the debt cancelled/forgiven. ____________________
2. Enter the fair market value of the property from Form 1099-C, box 7. ____________________
3. Subtract line 2 from line 1. If less … (20 comments)
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broward county: A Buyers expectations of a short sale property - 09/19/07 08:40 AM
Purchasing a home that is being sold by the seller as a short sale can provide a buyer with a wonderful opportunity but keep in mind these things:
The short sale properties quite often are priced below market value. Wow, so imagine investing in a property that has the possibility of instant equity. A number one reason and benefit of purchasing a short sale home. The seller is a distressed homeowner and will not have any money to contribute to closing, repairs, etc. And the lender does not allow the seller to have any money to contribute. With this in mind, buyers cannot … (15 comments)
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broward county: First time home buyers- Take advantage of historical low mortgage rates - 09/18/07 03:33 PM
First time home buyers take notice - The Federal Reserve has cut the key interest rate by a half point marking the first cut to rates in four years. Hoping to spur economic growth and give a boost to the housing slump this is a welcomed rate deduction. So those of you first time home buyers who have been on the fence wondering what should you do about buying a home - is there any question?! Absolutely! With the available homes to select from, declining prices and declining rates it makes for an optimum buyers market. Now just fine tune your … (0 comments)
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broward county: What should you expect as a buyer of a short sale property? - 09/16/07 05:58 PM
Purchasing a home that is being sold by the seller as a short sale can provide a buyer with a wonderful opportunity but keep in mind these things:
The short sale properties quite often are priced below market value. Wow, so imagine investing in a property that has the possibility of instant equity. A number one reason and benefit of purchasing a short sale home.The seller is a distressed homeowner and will not have any money to contribute to closing, repairs, etc. And the lender does not allow the seller to have any money to contribute. With this in mind, you cannot … (2 comments)
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broward county: Buying your first home in Coral Springs and surrounding Broward County - 09/14/07 03:55 PM
You've been wondering if you should venture out into becoming a First Time Homeowner - is now the time? The answer is absolutely! When you go to purchase something do you like to pay full price or do you like to get things on sale? I bet you answered "on sale" and the housing market is offering some very attractively priced homes for First Time Homeowners that are "on sale". Go ahead and get started on the road to homeownership as now is the time!
Read about my "10 Steps to Prepare for Homeownerhip". Call me at 954-464-1100 as it would … (0 comments)
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broward county: 10 Steps to Prepare for Homeownership - 09/14/07 03:40 PM
10 Steps to Prepare for Homeownership in Coral Springs and surrounding Broward County
Decide how much home you can afford. Generally, by being qualified with a lender they can advise you of how much you can afford.Develop a wish list of what you'd like your home to have. Then prioritize the features on your list.Select three or four neighborhoods you'd like to live in. Consider items such as schools, recreational facilities, area expansion plans, and safety.Determine if you have enough saved to cover your down payment and closing costs. Closing costs, including taxes, attorneys fees, and transfer fees average between 2 percent … (0 comments)
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broward county: Short Sale Realtor - Consult with one now and don't just walk away - 09/05/07 03:43 PM
FACTS concerning what to do when you think you can't afford your home and the mortgage payments
Lenders and Banks do not want to own your homeA Short Sale Realtor can consult you on your number of different options and what's best for youGet FREE advice and don't simply walk away from your overwhelming mortgage debtYou want to save your credit as best as you can by avoiding foreclosure, remember #1Get on the path to restoring your credit for future home ownershipI'm passionate about helping you get through this situation in your lifeIf your not in my immediate service area, I can certainly … (2 comments)
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broward county: Coral Springs Florida Foreclosure Listing*** SOLD*** CHECK SITE FOR MORE! - 09/05/07 11:39 AM
This home is listed to be sold quickly as in pre-foreclosure. This home is located in the subdivision of Maplewood Addition; a small group of homes of one block therefore affording the new homeowner the luxury of peace and being surrounding by large lots and larger homes. The home is nearby to Cypress Park for your outdoor activities and close to downtown Coral Springs for your shopping and dining. If you're an approved buyer, we want to hear from you with your offer but don't delay if you're interested as time is of the essense here!
Please visit my … (2 comments)
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broward county: Broward County and Real Estate Short Sales - 08/30/07 04:47 PM
You simply can't make your mortgage payments, the stress of it all is becoming just too much to handle, so what can you do?
Don't ignore your lender - communicate your troublesLook at a possible loan modification with your lenderIf your loan cannot be modified, talk to a Realtor who consults in Short SalesOnce, you have consulted with a Realtor and it has been determined that a Short Sale could work for you, hand the work over to your Realtor who'll handle the communication with your lender.Your Realtor will work to find an approved buyer for your home and negotiate with … (0 comments)
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broward county: Can they afford to buy a home? - 08/23/07 05:49 PM
Wow, so much is going in with the American dream of homeownership. Are we going back to the days of saving to afford a home? Yes, it looks like we are going to have to save to afford a home. Perhaps we should have never left that era of saving. Were you taught to save for the things you desired or simple put it on credit? We'd better teach our children to save. Had we not left the saving era, we as a nation would probably be in a much better position today,
Foreclosures are at all time highs, lenders are going … (0 comments)
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broward county: Should I sell my home as a short sale or should I allow the bank to foreclose? - 08/21/07 08:50 PM
So you're in a pretty bad situation now, you simply don't have the money to keep up with your mortgage payments. Your interest rate has adjusted, you're unemployment has depleted your savings or perhaps your medical illness has you laid up unable to earn a living and now what? Where do you turn? Who can help you? You're beginning to get notices in the mail about court appearances. Court appearance...you don't even have any attorney! What are your choices. You don't think you want to go through a foreclosure but what else is there? Let me consult you on some choices:
Short … (0 comments)
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broward county: How do you avoid foreclosure? - 08/16/07 11:41 AM
With pre-foreclosures on the rise in the nation and here in South Florida you're probably wondering what are your options to avoid foreclosure. First and foremost, DO NOT IGNORE YOUR SITUATION as you do have some options. You need to stay in touch with your lender no matter how hard it may seem. Depending on your situation your lender may be able to work out a plan with you to get you back on track. If that avenue fails, you might be a candidate for a short sale. As a Realtor who is consulting in Short Sales, I'd be able to … (0 comments)
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broward county: How do you avoid foreclosure? - 08/16/07 11:33 AM
With pre-foreclosures on the rise in the nation and here in South Florida you're probably wondering what are your options to avoid foreclosure. First and foremost, DO NOT IGNORE YOUR SITUATION as you do have some options. You need to stay in touch with your lender no matter how hard it may seem. Depending on your situation your lender may be able to work out a plan with you to get you back on track. If that avenue fails, you might be a candidate for a short sale. As a Realtor who is consulting in Short Sales, I'd be able to … (0 comments)
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broward county: What will help me sell my home? - 08/13/07 02:17 PM
There are a great number of homes for sale here in Coral Springs Florida, so what can you, as a seller, do to help get your home sold to make it have an edge? Believe it or not, there are some things you can do to move it along. Consider these:
It starts at the curb - make sure your home yells for buyers to want to come in; clean front door, manicured and mulched yard, a touch of floral color...add a pot of flowers if needed, clean driveway and walkway, trashed picked up and hidden and clean exterior walls...freshly painted if in … (0 comments)
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broward county: What do clients expect from their Realtors? - 08/10/07 08:11 PM
Strolling down the blog avenue of Real Estate here in Coral Springs, Florida I thought I would talk about what clients expect from their Realtors. Don't settle for less today. If I were a client I'd want attentiveness, communication, loyalty, top notch marketing, dedication and a strong work ethic and of course skill in getting their home sold or in finding them their perfect home. Why would you settle for anything less? I will always remember that the client comes first. It has to be a Win - Win for all and that can be accomplished with a little hard work. We just need to let our … (2 comments)
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