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wellington short sale agents: Can I Short Sale my Wellington Home if I have Two Loans? - 08/08/11 09:41 AM
Can I Short Sale my Wellington Home if I have Two Loans? Yes, homeowners with two loans can apply to short sale their Wellington FL home. However it is important to keep in mind not all Wellington short sale sellers will qualify to short sale their home, regardless of the number of lienholders. There are many variables when it comes to Wellington short sales and it is important for sellers to hire an experienced short sale listing agent to guide them through the process. A knowledgeable short sale listing agent can make the difference between receiving short sale approval or denial. Besides the cut … (7 comments)
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wellington short sale agents: Wellington Short Sale Sellers: Avoid a Hurdle and Pay Your HOA! - 07/28/11 11:16 PM
Wellington Short Sale Sellers: Avoid a Hurdle and Pay Your HOA! Every Wellington short sale will have several hurdles that need to be jumped in order to reach the finish line and one of the biggest hurdles I have encountered over the past year in Wellington Florida are HOA liens (Homeowners Association). Last year I had a short sale buyer purchasing a Wellington FL short sale that had three lienholders; first mortgage, second mortgage and the HOA. It took several months for the short sale seller to come to terms with the first and second lender, but it took almost just … (7 comments)
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wellington short sale agents: Wellington FL Short Sale Market Report: July 2011 - View current Short Sale Statistics in Wellington - 07/26/11 11:44 AM
Wellington FL Short Sale Market Report: July 2011 Short sales in Wellington Florida have been common place since the market started declining back in 2006 and now they make up 18% of the homes for sale in Wellington, which is the exact same percentage as June 2011. While most real estate agents in Wellington Florida were entering an uncharted territory with short sales most are now more than familiar with what a short sale is and how the process works, but there are still some agents who won't work with short sale buyers or short sale sellers.
There are currently 121 short sale homes for … (6 comments)
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wellington short sale agents: Doesn't the Short Sale Seller have to accept my offer? - 07/07/11 05:30 PM
Doesn't the Short Sale Seller have to accept my offer?
In all residential real estate transactions the owner of record is the one who decides if they are going to accept, counter or deny an offer.
If the home is Bank Owned the bank is the seller. If the home is a Short Sale the homeowner is the seller, but needs third party approval from their lienholder(s). If the home is an Equity/Traditional Sale the homeowner is the seller. Often times buyers along with some real estate agents think short sale sellers forward all offers to their short sale lienholder(s) and they are the ones who will accept, … (7 comments)
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wellington short sale agents: It’s a Short Sale -- No You Can’t Have the Couch! - 07/07/11 05:28 PM
Tni LeBlanc, a Santa Maria CA short sale agent, wrote an excellent post regarding buyers asking for items that are not included in the sale and how it may affect the negotiations for both the buyer and seller.
Via Tni LeBlanc REALTOR® Santa Maria CA Homes Central Coast:
It’s a Short Sale -- No You Can’t Have the Couch!
Including personal belongings in an offer to purchase can be a tricky. I think there are two camps on the issue. Agents that encourage clients to ask for things to be thrown into their offer (Why not?), and those that discourage it … (4 comments)
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wellington short sale agents: Does a Wellington Short Sale Seller have a Say? - 06/29/11 12:04 PM
Does a Wellington Short Sale Seller have a Say? While a Wellington short sale seller needs approval from their lienholder(s) in order to sell their home they still have a say in the process. Not only can a short sale seller turn down a buyers offer, they can also turn down their lienholders short sale approval terms. Last week I was notified by a short sale listing agent that he finally received written short sale approval from BOTH lienholders. However after reviewing the written approvals the short sale seller did not agree to the short sale approval terms set forth. While some buyers are under the … (10 comments)
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wellington short sale agents: Do I Have To Miss Payments To Do A Short Sale? - 06/09/11 09:52 PM
I absolutely love how honest Broker Bryant is when it comes to Florida short sales. If you are considering selling your home as short sale make sure to hire an experienced and honest short sale agent.
Via Bryant Tutas-Tutas Towne Realty, Inc:
Maybe. Maybe not. Some lenders/investors will require that you are 30 days late to receive short sale approval and some won't. As a Florida Short Sale Broker who has handled lots of successful Florida Short Sales I still haven't figured out what triggers the "You must be late" requirement. Just recently I've experienced: One seller was told they needed … (7 comments)
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wellington short sale agents: Why has that Wellington FL Short Sale been on the Market so Long? - 06/02/11 09:52 AM
Why has that Wellington FL Short Sale been on the Market so Long?
It is very common to see a Wellington FL short sale have a DOM (Days On Market) well over 100 days, 200 days, even 300 days. So why are these Wellington short sales still for sale? Here are a few possible reasons:
The home is no longer for sale, but still appears "Active" in the MLS The home is over priced The seller is not allowing showings or making it difficult The tenant is not allowing showings or making it difficult There is no lockbox for easy entry There … (2 comments)
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wellington short sale agents: What Takes Short Sales So Long to Close? - 05/26/11 10:26 PM
Elizabeth Weintraub wrote a great article about why short sales may take a long time and even though she is a short sale agent in Sacramento CA her reasons still apply to Wellington FL short sales.
Prior to showing any short sale in Wellington I will contact the listing agent to find out where they are at in the short sale process and how they plan on processing it. Working with a proactive Wellington short sale agent can make all the difference in the world.
Via Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, #00697006 Lyon RE (Lyon Real Estate #00697006):
What … (2 comments)
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wellington short sale agents: Wellington FL Short Sale Pitfalls for Buyers - 05/19/11 12:36 PM
Wellington FL Short Sale Pitfalls for Buyers
If you are interested in purchasing a Wellington FL short sale there are several pitfalls that can come up along the way. However keep in mind these pitfalls can also come up if you are purchasing a bank owned home or traditional sale (home with equity).
Here are the top 5 Wellington FL short sale pitfalls that I have experienced over the last several years:
TIME: Wellington FL short sales can take a long time to be approved, but they can also be denied, there is NO guarantee when it comes to short sales. DEFERRED MAINTENANCE: Some Wellington FL … (4 comments)
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wellington short sale agents: Distressed Property Sales Are Like Chicken Nuggets! - 05/08/11 06:32 PM
Buying a Wellington Short Sale or Bank Owned home can definitely be a challenge. However unlike Las Vegas NV where only a few REO and Short Sale Agents "own the inventory" that is not the case here in Wellington, which is probably why I haven't been involved in a lot of "sterile" REO and short sale transactions. Current Wellington REO & Short Sale Agent Inventory
If you would like to leave a comment please go to Renee's original post
Via Renee Burrows - Las Vegas Real Estate (702-580-1783) www.ShackDiva.com (The Force Realty -Realtor-Estate-Probate-REO-Short Sale):
When my children were little … (0 comments)
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wellington short sale agents: Wellington FL Short Sales: Communication is Key! - 04/28/11 12:30 PM
Wellington FL Short Sales: Communication is Key!
Communication is key when it comes to Wellington FL short sales, regardless if you are a Wellington short sale listing agent or Wellington short sale buyer's agent.
As a REALTOR in Wellington Florida I have had conversations with both Short Sale Sellers and Buyers who have worked with other real estate agents and their biggest complaint was lack of communication from their agent.
When a homeowner decides to short sale their Wellington home it can be one of the most stressful times in their life with all of the unknowns, so it is extremely important that their … (38 comments)
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wellington short sale agents: Wellington Florida Short Sale Market Report: April 2011 - 04/15/11 05:44 PM
Wellington Florida Short Sale Market Report: April 2011 Short sales in Wellington Florida started becoming common quickly after property values began declining back in 2006 and now they make up 19% of the homes for sale. While most real estate agents in Wellington Florida were entering an uncharted territory with short sales most are now more than familiar with what a short sale is and how the process works, but there are still some agents who won't work with short sale buyers or short sale sellers.
There are currently 136 short sale homes for sale in Wellington Florida, which makes up 19% … (1 comments)
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wellington short sale agents: Short Sales are NOT Guaranteed - 06/22/10 11:06 AM
Short Sales are NOT Guaranteed A few weeks ago my buyer clients where under contract on a short sale that fell through after four months of waiting and not because the short sale didn't get approved, but because the seller would not agree to the banks short sale approval terms. The seller decided to let the bank foreclose on the property.Unfortunately so many buyer's are under the impression that short sales are guaranteed and the only downside is the long wait, but that is not true.It is extremely important for buyer's to understand that short sales are NOT guaranteed. My buyer clients … (14 comments)
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wellington short sale agents: Wellington FL Short Sales Vs. Traditional Sales: For Sale 12-9-09 - 12/09/09 06:30 PM
Wellington FL Short Sales Vs.Traditional Sales
Statistics for Single Family Homes For Sale
December 9, 2009
Statistics based off Regional MLS on December 9, 2009.
Information deemed reliable, but ot guaranteed. There are currently 567 Single Family Homes for Sale in Wellington FL. Traditional Sales make up 78% of the market share, while homes being sold by way of Short Sale make up 21%. Less than 1% of the current home inventory are Bank Owned properties, to be exact only 3 out of the 567 homes for sale are owned by the bank.
Traditional Sale: The owner/seller has enough … (0 comments)
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wellington short sale agents: Wellington FL Short Sales Vs. Traditional Sales: September 2009 - 11/27/09 05:48 PM
Wellington FL ShortSales Vs.Traditional Sales
Statistics for Single Family Home Sales: September 2009
Statistics based off Regional MLS on November 26, 2009.
Information deemed reliable, but not guaranteed.
In September 2009 a total of 68 Single Family Homes sold in Wellington FL, which was 11 less home sales compared to August. Traditional Sales made up 56% of the sales, while Short Sales made up 31% and 13% of the home sales were Bank Owned properties.
Wellington FL Short Sales Vs. Traditional Sales: August 2009
Traditional Sale: The owner/seller has enough equity in their home to sell … (0 comments)
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wellington short sale agents: Wellington FL Short Sales Vs. Traditional Sales: August 2009 - 11/27/09 05:22 PM
Wellington FL Short Sales Vs.Traditional Sales
Statistics for Single Family Home Sales: August 2009
Statistics based off Regional MLS on November 19, 2009.
Information deemed reliable, but not guaranteed.
A total of 79 Single Family Homes sold in Wellington FL for the month of August 2009. Traditional Sales made up 58% of the sales, while Short Sales made up 29%13% of the home sales were Bank Owned properties.
Traditional Sale: The owner/seller has enough equity in their home to sell it without needing to do a short sale. However there are some owner/seller's who do not … (0 comments)
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wellington short sale agents: Wellington FL Short Sales Vs. Traditional Sales: Under Contract 11/20/09 - 11/20/09 01:03 PM
Short Sales Vs.Traditional Sales in Wellington FLStatistics for Single Family Homes Under ContractNovember 20, 2009 Statistics based off Regional MLS on November 19, 2009. Information deemed reliable, but not guaranteed. There are currently 305 Single Family Homes Under Contract in Wellington FL. Short Sales make up 72% of the market share, while homes being sold Traditionally make up 35% and 3% of the homes under contract are Bank Owned properties, that's only 9 out of the 305 homes.Traditional Sale: The owner/seller has enough equity in their home to sell it without needing to do a short sale. Short Sale: When the … (2 comments)
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wellington short sale agents: Wellington FL Short Sales Vs. Traditional Sales: For Sale 11/19/09 - 11/19/09 07:05 PM
Wellington FL Short Sales Vs.Traditional Sales
Statistics for Single Family Homes For Sale
November 19, 2009
Statistics based off Regional MLS on November 19, 2009.
Information deemed reliable, but ot guaranteed. There are currently 567 Single Family Homes for Sale in Wellington FL. Traditional Sales make up 78% of the market share, while homes being sold by way of Short Sale make up 21%. Less than 1% of the current home inventory are Bank Owned properties, to be exact only 3 out of the 567 homes for sale are owned by the bank.
Traditional Sale: The owner/seller has enough … (7 comments)
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Michelle Gibson REALTOR® Wellington Florida Homes for Sale
Wellington,
FL
More about me…
Hansen Real Estate Group Inc.
Address: www.WellingtonHomeTeam.com
Office Phone: (561) 333-0446
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