Short Sale Considerations for Buyers - 12/17/08 03:47 PM
Short Sale Considerations for Buyers
  
A short sale occurs when a property is sold and the lender accepts a discounted payoff, meaning the lender agrees to release the mortgage lien that is securing the property upon receipt of less money than owed.
I am frequently contacted by buyers who get frustrated half through the short sale process.  Negative comments start to emerge that only one out of five short sales are successful.  The truth is short sales require the determination of an olympic athlete.  With hard work and perseverance, I have seen banks approve virtually every short sale that has … (0 comments)

Perspectives on Foreclosures - 12/12/08 04:08 PM
Perspectives on Foreclosures 
One of the most common questions I receive is how long do I have once the bank starts the foreclosure process?  Do I Have enough time to do a short sale? The answer depends. 
Just recently, on December 1, 2008 under an arrangement negotiated by Florida State Governor Charlie Crist, approximately 312 Florida Banks and 188 Credit Unions voluntarily agreed to halt foreclosure actions statewide on primary residences.  Unfortunately, this does not apply to the bulk of the properties presently in foreclosure - investment properties and second homes.
 Although this is a short term solution that may boost … (0 comments)

 
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Ron Webster

Naples, FL

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Law offices of Ron Webster

Address: 979 North Collier Blvd., Marco Island, FL, 34145

Office Phone: (239) 394-8999 x 15

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