Short Sales on the Decline in Manatee County, FL - 03/28/11 01:52 PM
Short Sale inventory has been decreasing at the same time that sales are picking up.  Short sale homes and condos for sale in Bradenton have taken a noticable drop this past month, with 858 total short sales listings in all of Manatee county.  244 short sale homes and condos went pending last month as well.  That is the highest amount of pending short sales ever for Manatee County.  

Combine the decrease of short sale listings with the spike in pending sales, is a strong indicator that the market might have hit it's low.  Prices for homes in bradenton/sarasota have … (1 comments)

3316 63rd e st- 149,000 3/2/2 Short Sale, 2003, pool home in Palmetto, FL - 03/23/11 12:47 AM
 
 
3316 63rd East Street Palmetto, FL 34221 149,000M5819997 -- MLS numberShort Sale 3 bedrooms 2 baths 2 car garage.  Nice pool home with over 1800 sqft.  Master bathroom has dual vanities, tub, and seperate shower.  Seperate lviing room, and family room.  All areas open to the large lanai, and in ground pool.  This is a one mortgage short sale.  THe seller has an attorney experienced in communication with the lender. (wells fargo) 
If you are looking for a very nice recently built (2003), low fee neighborhood, no cdd fees, low taxes under 1700 a year, this is worth a look for a nice home for sale in … (1 comments)

Princple reduction can happen! - 03/19/11 01:00 AM
It finally happened!  One of my short sale customers was able to settle a mortgage for about 1/3 of the balance! 
Almost every person that is upside down on their home, has thought, "Why not have the bank reduce the principle balance to what the home is worth, and let me keep my home from foreclosure?"   
As a short sale agent in Bradenton with plenty of experience most sellers would be able to afford to keep the home if their mortgage payment was reduced to what the new buyer will pay.  Really, principle reduction is every underwater homenowner's wish.  
The bank did their BPO, and about two weeks … (7 comments)