Miami Short Sale Specialist : Free Short Sale Assistance

Buying Foreclosures In Miami - Who Is Going To Help You Write The Offer?

Sergio Rebollo Jr. (Exit Prime Realty) — Wed, 16 Dec 2009 07:06:26 -0600

Miami Realtor Sergio Rebollo Jr. ~ Buying A Foreclosure In Miami ~ You Need A Good Realtor To Guide You

Recently a buyer told me "I know anyone can write up an offer but I like you. I would like you to help me make the offer when I find the house that I want."

Although I may have been flattered, her reasoning for allowing me to represent her in her possible purchase was for the wrong reason. Your Realtor should help you buy Miami Foreclosures not because he's likable. Your Miami Realtor should:

~Be knowledgeable in how to write up a purchase offer.
~Make sure that you are protected with appropriate timelines for the deadlines.
~Secure an apporpriate inspection period for you.
~Assure that your deposit is protected if you need to back out of the purchase.
~Inform you of the VALUE of the property that you want to purchase.
~Understand thoroughly the new CU Ordinance.
~Advise you of any possible code violations that do not appear as liens yet.

These are a few of the reasons that a good Realtor earns his pay. And remember...you as the Buyer DO NOT pay a commission to your Realtor. The Seller does!!!

When you choose a Realtor do so because of his expertise and not just because he's a nice guy. If he's very knowledgable and ALSO a nice guy, then the nice guy part is a BONUS!!

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Miami Foreclosures FAQ

Sergio Rebollo Jr. (Exit Prime Realty) — Wed, 16 Dec 2009 07:05:23 -0600

What Does "REO" Mean?

Real Estate Owned. It's the term the banks use to identify their foreclosure properties.

What Is "Foreclosure"?

A procedure whereby property pledged as security for a debt is sold to pay the debt in event of default in payments or terms. If a homeowner with a mortgage on their property fails to make payments on that loan, then the lender will file a law suite to take back the property for non-payment of the loan. This action is called foreclosure.

How Can I Find Foreclosure Properties?

There are many services available where for a fee you receive foereclosure listings periodically. Some websites offer these listings for free.

How Does The Bank Decide What To Sell A Foreclosed Property For?

Keep in mind that the bank wants to sell the home for as much as it can. Although they may do a market analysis prior to pricing the property, you as the Buyer should have a qualified Realtor prepare a market analysis for you before preparing an offer.

How Are Negotiations Handled?

Once you have determined you wish to make an offer on a bank owned home, your qualified Realtor will help you prepare the offer. A qualified Realtor will ensure that your offer protects you and your deposit in case you need to back out. The Realtor will also help you negotiate the best terms available. The offer is then presented to the Bank's Realtor. The Seller will give him a verbal acceptance, counter offer or rejection. The negotiations will hopefully result in a final agreement being reached between you and the Seller.

Sergio Rebollo Jr.
Licensed Realtor Miami
Exit Prime Realty
www.SergioRebollo.com

Short Sale Realtor: 1 & 2 Bedroom Condos in Palmetto Bay From $40,000

Sergio Rebollo Jr. (Exit Prime Realty) — Sun, 06 Dec 2009 20:04:04 -0600

Miami Realtor Sergio Rebollo Jr. presents condos at 17255 SW 95 Avenue, Palmetto Bay, Florida from $40,000.

Click For Listing Website

Click For Interactive e-Tour

Village Homes and Condos at Palmetto Bay is a secure, gated community. The community consists of 181 units spread out throughout lush landscaping. The huge oak and black olive trees provide beautiful and serene surroundings. Plenty of parking is available throughout the community. Residents can enjoy relaxing afternoons in the large swimming pool or keep up their fitness regimen in the spacious exercise room. The exercise room is equipped with a weight machine, treadmills and exercise bikes. There are several units to choose from. There are 1 and 2 bedroom units, Short Sales as well as Foreclosures. Call today to preview the units.

Sergio RebolloJr
EXIT PRIME REALTY
786-338-3083
Sergio@SergioRebollo.com

Sergio Rebollo Jr.
Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Compre Casas Reposeida en Miami

Sergio Rebollo Jr. (Exit Prime Realty) — Sun, 06 Dec 2009 08:08:40 -0600

Un Buen Momento Para Comprar Casas Reposeidas En Miami.

La crisis hipotecaria actual ha hecho que las personas que poseen buenos ahorros de dinero eviten invertirlo en la compra de propiedades debido a la incertidumbre actual del mercado. En el mes de Febrero el volumen de ventas de casas subió más de un 5% sobre el mes de Enero. Este es el aumento más grande que se ha visto en los últimos 6 años.

Los Realtors en Miami están viendo un nuevo movimiento de compra y venta.

Debido a los precios tan bajos que existen generados por la crisis económica hay muchos compradores que con la ayuda del FHA están comprando su primera casa. También hay muchos inversionistas que reconocen que estos precios bajos van a aumentar de nuevo cuando los bancos empiecen hacer prestamos de nuevo.

Mas de 1000 casas reposeídas.

Son más de 1000 propiedades reposeídas en la ciudad de Miami que se encuentran a la venta en el día de hoy. Para comprar una casa reposeída necesita un Realtor que lo ayude determinar la mejor compra posible dentro de las necesidades cual usted busca.

Mucha precaución.....

Para buscar una buena compra usted no tiene que pagar ningún dinero para tener acceso a estas listas. En el sitio web www.SergioRebollo.com usted puede buscar sin costo ninguno por el inventario completo de casas y condominium en la ciudad de Miami.

Sergio Rebollo Jr.
EXIT Prime Realty
www.SergioRebollo.com
305-582-4062

Miami Realtor: Making an Offer on a Miami Foreclosure Listing

Sergio Rebollo Jr. (Exit Prime Realty) — Wed, 02 Dec 2009 19:52:10 -0600

Lots Of Offers But Nothing Gets Accepted?

If you are trying to buy a foreclosure in the Miami area and can't seem to get one of your offers accepted, it's not the investors (sometimes referred to as vultures) that are keeping you from getting your offer accepted.

How Are You Formulating Your Offers?

Are you using an experienced Realtor? Or do you deduct 15% or 20% from the asking price and submit that as your offer? Just because banks must be eager to get rid of the property it doesn't mean that they themselves have not done their homework on the current market value of that property? You must do your homework also! If you're not using a qualified Realtor to help you structure your offer you may not realize that this in fact could be the reason why you are not getting your offers accepted.

Bank Owned Doesn't Mean That You Can Buy It At A Steal.

Banks want to move their inventory and many of them do in fact place their properties on the market at an aggressive selling price. A qualified Realtor will not only help you identify what is priced right, he should be able to ask the right questions which may place you as the highest and best offer.

Lots of the bank owned property on the market is in a multiple offer situation. It is not uncommon for a well priced home to get 5, 6 or 10 offers within the first few days on the market. In these cases, it is very common to see offers for more than the listed price. A qualified Realtor can help you formulate your highest and best offer and after a couple of attempts, you should have one accepted!!

Sergio Rebollo Jr.
www.SergioRebollo.com
305-582-4062

Young Professionals Survival Guide to Condo Ownership and Growing-Up

Sergio Rebollo Jr. (Exit Prime Realty) — Wed, 02 Dec 2009 19:50:39 -0600

Will Nesbitt posted this great article for young professionals and condo ownership. This is great reading!! Enjoy!!

Via Will Nesbitt - condos / real estate in Alexandria, Arlington, Fairfax County (Condo 1 Alexandria / Will Nesbitt Realty LLC):

Although there are numerous benefits to owning a condo which include the lifestyle that such ownership entails; individuals living as single, young professionals who are just starting out, are arguably the most notable beneficiaries. The economic benefits that condo ownership provides for this particular demographic are two-fold. First, owning a condo is certainly less expensive than owning residential property insofar as the material upkeep and residual costs that homeownership necessitates. Second, most contemporary condo buildings offer a host of wide-ranging amenities that would command a considerable cost to an individual homeowner but which can be enjoyed instead at a significantly reduced rate to condo-owners who share jointly in the overall expense. These otherwise high-priced features and amenities usually include guarded and/or private, enclosed parking; 24-hour security and front desk staff; indoor and outdoor swimming pools; clubhouses; gated recreational facilities; etc., etc. (the list goes on and on!!). To that extent, condo ownership is therefore an ideal middle ground for the single, young professional who may very well aspire towards homeownership someday but who still remains a far cry away from white picket fences, two-car garages and 2.5 children.

In addition to the economically sound benefits that condo ownership provides, there are other elemental and lifestyle benefits that are associated with condominium ownership as well. Today, there are as many types of condominiums out there as there are types of people. Plainly put, the condominium marketplace has progressed with such rapidity that the variety and availability of choice in condo options is as original and unique as individual homes. Thusly, each type can satisfy the different needs of different individuals and therefore enhance and accommodate every kind of lifestyle. For example, there are distinctions between what are popularly thought of as 'condominium apartments' versus those that are known as 'condominium townhouses', which might have small differences from one another save for their structure regulations. There are also condominiums known as freeholds whereby a condo owner owns the plot of land as well as any structure on the land such as a house or townhouse.

Finally, for single or young professionals who are still growing into their grownup-ness, condo ownership signifies an increase in responsibility and a commitment to ownership. To be clear, condo living isn’t like renting a single dwelling home or apartment and this is due to the dual nature that comes with owning any condo unit. Condominium owners hold ownership over their respective units but, additionally, each owner is also responsible for the operating costs and maintenance of the all of the shared elements on the property such as lobbies, passageways, and elevators.

Here, owning a condo is effectively choosing to live within a community of other condo unit owners and thus, your neighbors. Each condominium complex is a unique community and each owner accepts the rules and regulations that are equally unique to condo living.

In a condominium complex, you also become part of a distinctive community where you as an individual become an integral part in the community as a whole; and this includes being an essential part of the decision making process. However, the advantages that come with shared communal facilities like the pool, clubhouse, and state-of-the-art gym are collectively a strong incentive to watch your neighbors' back.

In summation, owning a condo can provide both economically sensible and personally enjoyable benefits to any owner looking to buy but especially for individuals who are single, working and fairly young professionals who are new to the game but ready for more. In addition, because of the multiplicity and vast assortment of condominium units and styles that are available, condo ownership includes something for everyone. Lastly, although buying a condo certainly signifies a new level of maturation and grownup responsibility; the advantages to living in a shared community and to be able to engage as an honest and responsible neighbor will hopefully serve you both by keeping your pocketbook and your sense of self a little more full.

About the Author --- Will Nesbitt is the principal broker of Condo 1 Alexandria / Will Nesbitt Realty LLC. Will specializes in condos, townhouses and single family residences in Alexandria, Arlington, Fairfax County, Crystal City, and Kingstowne. Will resides in Belle Haven Estates just outside Alexandria VA in Fairfax County.

Miami Foreclosures: Buying Requires Due Diligence

Sergio Rebollo Jr. (Exit Prime Realty) — Tue, 01 Dec 2009 06:34:12 -0600

Have You Considered Purchasing Foreclosure Properties in Miami?

There are plenty of choices when it comes to single family homes, condos or townhouses. What is the best type of property to invest in? Do you want to move into a new home or an existing home? How challenging is it to buy a fixer-upper? Any code violations that currently exist and how does one deal with such violations?

Pair Up With a Knowledgeable Realtor is Key!!!

Purchasing a Miami Foreclosure can be a remarkable experience for buyers. It does take require though, a lot of research, work, negotiation and determination. You need to know everything about the property that you are buying. You must know what kind of maintenance and renovation fees you are getting into. You need to be aware of any liens or local code enforcement fines that a Title Search may not produce.

In order to avoid or minimize any risk, be sure to do a basic market analysis, comparables, pending sales and recent sales. Foreclosed properties in Miami are being sold for 40%, 50% or 60% of their value two years ago.

Now Is The Best Time To Buy.

You cannot continue to wait until the prices continue to drop. Quite frankly, no one can really determine a precise moment when we've reached bottom. The one thing that we do know is that the real estate market has picked up some momentum during the last several months. FHA is lending, even on fixer-uppers with their 203(k) rehab program. The news media started reporting some positive hoe sales and new home starts figures. You may as well jump in now before it is too late!!

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com

Miami Realtor Presents: Kings Creek 1/1 Short Sale

Sergio Rebollo Jr. (Exit Prime Realty) — Tue, 01 Dec 2009 06:33:28 -0600

Miami Realtor Sergio Rebollo Jr. Presents: 1/1 Short Sale Opportunity at Kings Creek West for $99,000.

Click For Listing Website

Click For Interactive e-Tour

Don't miss this short sale opportunity located in the heart of the Kings Creek community. Just north of Kendall Drive, this complex is located just blocks from Dadeland Mall and Downtown Dadeland. Kings Creek is a very stable and desirable master planned community. Very close to public transportation, shopping and restaurants. This short sale will go quickly.

MLS# M1342679
$99,000
1 Bed, 1 Bath
7925 SW 86 St, Unit 923 - SHORT SALE
Miami FL, 33143

Sergio RebolloJr
EXIT PRIME REALTY
305-582-4062
Sergio@SergioRebollo.com

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Miami Short Sale Realtor Answers Some F.A.Q. Regarding Short Sales

Sergio Rebollo Jr. (Exit Prime Realty) — Tue, 01 Dec 2009 06:31:25 -0600

Short Sale Frequently Asked Questions

What is a Short Sale?

A Short Sale takes place when you owe more than what the home is currently worth, you can demonstrate financial hardship and you need your lender’s approval to sell your home. If you have a second mortgage or a home equity line, they too must approve the sale of your home. In essence, the term comes from selling your home for less or “short” of what is currently owed.

Why must my mortgage company(s) approve the transaction?

A mortgage loan or home equity line is usually a secured loan and have liens against the property. In order for the nesw Buyer to take title to your property, the home needs to be free of liens. The current liens created by the mortgage or mortgages on your home need to be satisfied. Under normal circumstances, if you sell your home for more than what you owe the current liens are satisfied. If you sell your home for less than what is owed, then each mortgage company must agree to accept a lesser amount than what is owed in order to release the lien to allow the new Buyer a clear title.

How do I get a Short Sale approval?

When you market your home with a Realtor who specializes in Short Sale, the Realtor will price the home at current market value and hopefully will find a Buyer interested in your home. The Realtor will work with you in preparing a hardship letter along with bank statements, tax returns and other financial documents to submit your offer to the mortgage holder. Your Realtor will work with his team to work through all of the hurdles and processes each bank has to ultimately secure an approval.

How long does the Short Sale take?

It depends on each lender’s workload and requirements. Sellers and buyers must be prepared to wait at least three to four months to receive the approval from each lender. Some lenders like Countrywide and Bank of America are known to take from four months to six months to process a Short Sale approval.

If my mortgage company agrees to the Short Sale , do I still owe the difference?

There are many variables and unfortunately, we are not aware of the terms of the Short Sale until we receive the Approval Letter. An Approval Letter is not final. It has to be acceptable to the Seller and signed by the Seller at closing. We have seen lenders forgive the complete amount and not even mention a 1099. Others issue a 1099 which bears a tax liability and a we have seen with some HELOC, Home Equity Lines of Credit, where they allow the Short Sale and release the lien but make the difference a collectable debt. There is really no telling what the terms will be until the end of the complete process.

You should seek professional advice from an attorney, certified public accountant or other professional as to the credit, legal and tax consequences of a short sale.

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Miami Realtor Presents: Coral Gables Short Sale at Midtown Lofts Condo

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 30 Nov 2009 06:09:28 -0600

Miami Realtor Sergio Rebollo Jr. Presents: This Coral Gables Short Sale Opportunity at Midtown Lofts Condo for $119,000.

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Click For Interactive e-Tour

This gorgeous penthouse loft is located just blocks of Miracle Mile. This loft style building is just two years old right on prestigious Coral Way. Located on the 20th floor, this unit has an oversized balcony facing the east. You have a beautiful panoramic view of Midtown towards the northeast, Downtown Miami to the east and Coconut Grove and Biscayne Bay towards the southeast. This loft is a spacious open floor plan with the bedroom divided by a privacy partition. The kitchen is outfitted with stainless steel appliances, granite countertops and Italian cabinetry. Washer and dryer are located inside the unit. This Short Sale opportunity will go quickly.

MLS# M1354391
$119,000
1 Bed, 1 Bath
3180 SW 22nd Ter
Coral Gables FL, 33145

Sergio RebolloJr
EXIT PRIME REALTY
305-582-4062
Sergio@SergioRebollo.com

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Miami Realtor Presents: What Is A Short Sale Package?

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 30 Nov 2009 06:08:32 -0600

A SHORT SALE Package Consists Of The Following...

A. DOCUMENTATION NEEDED
1. Addendum to Listing Agreement
2. Authorization to Release Information/Negotiate Short Sales
3. Authorization to Conduct Appraisal
4. Waiver of Liability/Hold Harmless Agreement
5. Seller’s Financial Statement
6. Seller’s Questionnaire
7. Seller’s Hardship Letter explaining reasons for delinquency
8. Addendum to Contract for Sale and Purchase
9. As-Is Disclosure
10. Realtor Questionnaire

B. DOCUMENTATION FROM SELLER:
11. Copy of all mortgage information relating to the property
12. Copy of seller’s drivers license
13. Copy of seller’s social security card
14. Copy of seller’s last two-month's pay stubs
15. Copy of seller’s last two months bank statements covering all accounts
16. Copy of seller’s last two year’s tax returns with schedules and W2 forms
17. Proof of seller’s hardship (divorce decree, layoff letter, unemployment request, medical bills, etc.).

C. DOCUMENTATION FROM REALTOR:
18. Copy of contract to purchase
19. Preapproval letter for buyer
20. Escrow letter (if any)
21. Copy of listing agreement
22. Listing History of Property
23. Comparative Market Analysis of the property area

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com

Miami Realtor Presents: Short Sale Single Family In Deerwood

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 30 Nov 2009 06:06:31 -0600

12713 SW 146 Lane - SHORT SALE Miami, FL

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This home has been recently remodeled. Located in Deerwood across from the Miami MetroZoo, this home has easy access to the Turnpike and SW 137th Avenue. This is a 3 bedroom 2 bath home that is close to lots of shopping. This home has been reduced for a quick sale. Final price is subject to bank approval as this is a Short Sale.

MLS# D1317587
$149,000
3 Bed, 2 Bath
12713 SW 146 Lane - SHORT SALE
Miami FL, 33186

Sergio RebolloJr
EXIT PRIME REALTY
305-582-4062
Sergio@SergioRebollo.com

Sergio Rebollo Jr.
Licensed Realtor
Exit Prime Realty
www.SergioRebollo.com

Is A Short Sale The Right Thing To Do?

Sergio Rebollo Jr. (Exit Prime Realty) — Wed, 25 Nov 2009 05:34:12 -0600

You May Ask, Is A Short Sale The Right Thing To Do?

Consult A Realtor Who Is Experienced In Handling Short Sales

Short Sales in Miami are very prominent in today's housing crisis. A Short Sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property.In a Short Sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done by a Specialist through communication with a bank's Loss mitigation department. A Short Sale Specialist can help you through this process.

The Short Sale option will have much less negative effect on your credit than a foreclosure would, so a Short Sale may be the best course of action for you if you've fallen behind on your mortgage payments. But don't wait too long, since foreclosure proceedings may begin once you miss 3 or 4 regularly scheduled payments.

Home owners in this situation should contact an experienced Short Sale Specialist to list and market their home, and handle the entire sale and short sale process for them.

SHORT SALE LINKS FOR YOUR REFERENCE

HOW DOES A SHORT SALE AND FORECLOSURE AFFECT YOUR CREDIT?
Click Here To Read My Blog On This Topic
Written By: Sergio Rebollo Jr., Miami Area Short Sale Specialist

WIKIPEDIA: Short Sale

BusinessWeek: The New Exit Strategy: The Short Sale

CBS News: How A Short Sale Specialist Can Help With A Short Sale

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Free Miami Foreclosure Listings On www.SergioRebollo.com

Sergio Rebollo Jr. (Exit Prime Realty) — Wed, 25 Nov 2009 05:33:08 -0600

MIAMI AREA FORECLOSURE LISTINGS

REO PROPERTIES UNDER $500,000

CLICK ON THE LINKS BELOW TO VIEW FORECLOSURE LISTINGS IN EACH AREA

TO VIEW LUXURY FORECLOSURES OVER $500,000 CLICK HERE

Foreclosure Listings - Single Family Homes

LOCATED FROM SOUTH BEACH TO SUNNY ISLES BEACH

LOCATED BETWEEN NW 103 STREET (W 49 ST) AND NW 199 STREET

LOCATED BETWEEN NW 7 STREET AND NW 103 STREET (W 49 ST)

LOCATED BETWEEN NW 7 STREET AND SW 88 STREET

LOCATED BETWEEN SW 88 STREET AND SW 184 STREET

LOCATED BETWEEN 184 STREET AND 280 STREET

LOCATED SOUTH OF 280 STREET

Foreclosure Listings - Condominiums or Townhomes

LOCATED FROM SOUTH BEACH TO SUNNY ISLES BEACH

LOCATED BETWEEN NW 103 STREET (W 49 ST) AND NW 199 STREET

LOCATED BETWEEN NW 7 STREET AND NW 103 STREET

LOCATED BETWEEN NW 7 STREET AND SW 88 STREET

LOCATED BETWEEN SW 88 STREET AND SW 184 STREET

LOCATED BETWEEN 184 STREET AND 280 STREET

LOCATED SOUTH OF 280 STREET

Short Sale Realtor Presents: 2/2 Townhome at Las Terrazas at Vizcaya

Sergio Rebollo Jr. (Exit Prime Realty) — Tue, 24 Nov 2009 09:33:45 -0600

Miami Realtor Sergio Rebollo Jr. presents this 2/2 townhome SHORT SALE for $150,000.

Click For Listing Website

Click For Interactive e-Tour

This is a SHORT SALE opportunity located in the Las Terrazas at Vizcaya community. The two story, 2 bedroom 2 bath townhouse is in a gated community whcih provides 24 hour security service. This community provides lots of amenities including a swimming pool, a clubhouse, a gym and a playground. This unit is priced to sell. This must be a CASH offer as there is no conventional financing available for this community.

MLS# M1333933
$134,000
2 Bed, 2 Bath
14057 SW 49 St Unit 5 - SHORT SALE
Miramar FL, 33027

Sergio RebolloJr
EXIT PRIME REALTY
786-338-3083
Sergio@SergioRebollo.com

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Casas Reposeidas En Miami: Un Buen Momento Para Comprar

Sergio Rebollo Jr. (Exit Prime Realty) — Tue, 24 Nov 2009 09:33:08 -0600

Un Buen Momento Para Comprar Casas Reposeidas En Miami.

Los Realtors en Miami están viendo un nuevo movimiento de compra y venta.

Mas de 1000 casas reposeídas.

Mucha precaución.....

Sergio Rebollo Jr.
EXIT Prime Realty
www.SergioRebollo.com
305-582-4062

Bank of America Short Sale in 3 Weeks?

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 23 Nov 2009 16:38:31 -0600

Bank of America and REO Trans...it may work!!

We've all heard of Bank of America inking a deal with REO Trans to better handle their Short Sale files. Well I just received a telephone call from Bank of America asking me if I was registered with REO Trans and asked me about a specific file that they've been working on since April. All she wanted to make sure was that I was registered, had the correct date of the original offer and the correct selling price.

When Am I Finally Going To Get An Answer I Asked....

This courteous representative stated that I would have to address that with the negotiator but to please give the file we just addressed about a week to upload into the system before going on to the site to view any updated information. She stated that I would be informed on this site who my negotiator is and that I can pose any questions to them once the file is updated.

No More 30 Minute Telephone Calls on Hold Before Speaking To Someone?

I was told that we no longer had to call in. All we do is log on, select the file and we would have all updates posted there into the system available in real time!!

How About My Other Dozen So Files That I Have With Bank of America or Countrywide?

Do I have to wait until you get around to calling me on all the other files? They are all equally into the process from 4 months to a year!!! "No" she said. Have your clients log on to REO Trans with an their e-mail address and select you as their Realtor and it will automatically assign the file over to your account.

You Guys Could Turn Out To Be The Heroes In This Short Sale Bottleneck!!

Well, she said, I've had some Realtors tell me that they've had a Short Sale approval in as little as 3 weeks!! Okay...okay...I'm willing to put my faith into believing everything that she had told me up until this point. This one I will have to SEE IT TO BELIEVE IT!!!

Any Of These 3 Week Success Stories Out There?

I would love to hear from anyone who has Reo Trans/Bank of America experiences to share.

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Short Sale Realtor Presents: 2/2 Condo at Brickell Biscayne Condominium

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 23 Nov 2009 06:06:07 -0600

Miami Realtor Sergio Rebollo Jr. presents this Short Sale Opportunity at Brickell Biscayne Condominium

Click For Listing Website

Click For Interactive e-Tour

This is a Short Sale opportunity. This beautiful corner unit in Brickell Biscayne Condominium is located in the Classic Brickell area. Ugrades in this unit consist of marble floors throughout and crown molding. You'll love the direct Bay views. This building is with walking distance of the International Finance District and minutes away from Coconut Grove, Downtown Miami, Key Biscayne and The Beaches. You will enjoy living here.

MLS# D1311202
$199,000
2 Bed, 2 Bath
150 SE 25 Road # 8M - SHORT SALE
Miami FL, 33129

Sergio RebolloJr
EXIT PRIME REALTY
305-582-4062
Sergio@SergioRebollo.com

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Short Sale vs. Foreclosure ~ How Is My Credit Affected?

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 23 Nov 2009 06:05:25 -0600

Homeowners facing foreclosure have a number of options, one of which is doing a short sale. Some people, depending on their situation, may allow a property to go into foreclosure instead of attempting a short sale. One reason is they don't have any expectations of saving the property so walking away is an easy solution. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes. The primary consideration above all is the affect both can have on your credit score.

The Basics Of A Short Sale
The concept of a short sale is fairly simple. A short sale occurs when the sale proceeds of a property fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. A few words of warning are in order. Not every lender will negotiate a short sale. If for example your payments are current, yet you foresee imminent cash flow problems arising that will affect your ability to make your monthly mortgage payment. Lenders have no interest in negotiation unless your payments are several months late. Another consideration is you may be held liable for taxes on the difference between the sale amount and the original loan amount. Short sale require nerves of steel.

The Credit Affects
Foreclosure
Without a doubt sellers will incur more damage on their credit report by going through foreclosure. Typically your credit score will take plunge between 200 to 300 points.

Short Sale
Short sales have a far less damaging affect on a seller's credit report. Credit scores typically lose between 80 to 100 points. What happens to your credit down the road? It is takes around three years after a foreclosure before a lender will offer a sensible interest rate, whereas for a person who went through a short sale typically waits around 18 months to buy another home at a good interest rate.

Salvaging your credit should always be the primary concern when making the decision between a short sale and foreclosure.

Sergio Rebollo Jr.
Miami Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com

Miami Realtor Presents: 10 Tips For First Time Home Buyers

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 23 Nov 2009 06:04:21 -0600

10 Tips For First Time Homebuyers

1. Be picky, but don’t be unrealistic. There is no perfect home.

2. Do your homework before you start looking. Decide specifically what features you want in a home and which are most important to you.

3. Get your finances in order. Review your credit report and be sure you have enough money to cover your downpayment and your closing costs.

4. Don’t wait to get a loan. Talk to a lender and get prequalified for a mortgage before you start looking.

5. Don’t ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion.

6. Decide when you could move. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area?

7. Think long-term. Are you looking for a starter house with the idea of moving up in a few years or do you hope to stay in this home longer? This decision may dictate what type of home you’ll buy as well as the type of mortgage terms that suit you best.

8. Don’t let yourself be “house poor”. If you max yourself out to buy the biggest home you can afford, you’ll have no money left for maintenance or decoration or to save money for other financial goals.

9. Don’t be naïve. Insist on a home inspection and, if possible, get a warranty from the seller to cover defects within one year.

10. Get help. Consider hiring a Realtor as a buyer’s representative. Unlike a listing agent, whose first duty is to the seller, a buyer’s representative is working only for you. And often, buyer’s reps are paid out of the seller’s commission payment.

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Short Sale Realtor Presents: Downtown Miami 1/1 Short Sale Loft

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 23 Nov 2009 06:03:29 -0600

Miami Realtor Sergio Rebollo Jr. presents this great opportunity to purchase at The Lofts in Downtown Miami

Click For Listing Website

Click For Interactive e-Tour

Miami Realtor Sergio Rebollo Jr. presents this great Short Sale opportunity. Live in Downtown Miami. Minutes away from everywhere; the Beaches, Coconut Grove, Brickell Avenue, Bayside and the American Airlines Arena. 1Bedroom 1Bath Loft Features 10 foot Ceilings, Stained Concrete Floors, Impact-Resistant Sliding Glass Doors & Windows, Designer Cabinetry, Stainless Steel Appliances, Washer & Dryer In Unit, Billiard Room, Exercise Room, Swimming Pool, Assigned Parking Space and 24 hour Attended Lobby.

MLS# D1337138
$129,000
1 Bed, 1 Bath
234 NE 3 Street - SHORT SALE
Miami FL, 33132

Sergio RebolloJr
EXIT PRIME REALTY
786-338-3083
Sergio@SergioRebollo.com

Sergio Rebollo Jr.
Miami Realtor
Exit Prime Realty
www.SergioRebollo.com

Venta Corta: ¿Como Funciona Una Venta Corta?

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 23 Nov 2009 06:02:20 -0600

¿Que Es Venta Corta ?

Ahora está de moda la venta corta (short sale) para comprar propiedades. Y todo aquel que está activo en el mercado o que considera entrar a él, lo primero que piensa es en comprar a través de ese sistema; pero… ¿cómo funciona una venta de este tipo?

¿Cómo Funciona Una Venta Corta ?

Una transacción a través de una short sale no es otra cosa que el resultado de una venta realizada con la autorización de la institución financiera que detenta la hipoteca, a un precio menor que el monto necesario para liquidar la hipoteca existente en la propiedad. Antiguamente se realizaba esta actividad en muy contadas ocasiones. Ahora la demanda de la concesión tiene carácter epidémico, lo que hace más complicada su obtención.

¿Cuando Puedo Hacer Una Venta Corta ?

Ante todo, aquel que vende la propiedad tiene que estar moroso en sus pagos para que la institución financiera que tiene la hipoteca de la propiedad tome en consideración la solicitud el caso. El próximo paso será probar que el titular de la propiedad no cuenta con medios financieros para cumplir con sus compromisos y que no existe posibilidad alguna de que logre ese objetivo en un futuro cercano. Una vez que la institución financiera ha accedido a considerar la gestión, la propiedad se pone a la venta. La compañía inmobiliaria comenzará el mercadeo de la propiedad a un precio tentativo, normalmente bajo, sin que éste sea el precio que definitivamente aceptará la institución. El único objetivo será atraer clientes y producir ofertas.

Un Especialista En Venta Corta Conoce Bien El Proceso

Cuando se ha obtenido el número de ofertas, que a consideración de la institución financiera resulte razonable, se procede a inspeccionar la propiedad y se realiza la tasación de la propiedad. Luego de obtener una valorización certificada, la venta se hará a quien haya realizado la oferta más cercana al precio real. El ejercicio puede compararse a una subasta, pero es bastante más complicado y con mucha más burocracia, exigencias e inseguridad para los participantes. El comprador no podrá exigir garantías sobre las condiciones físicas de la propiedad. Tampoco tendrá derecho a reclamar sobre el funcionamiento y condición de los equipos electrodomésticos, ni tan siquiera sobre la condición y legalidad de la titulación del inmueble, puesto que quien vende no está en condiciones de hacer reparaciones de índole alguna y la institución financiera simplemente está facilitando la transacción, a pesar de resultar perjudicada monetariamente en el negocio. En mi opinión, la compra de una propiedad a través de una venta corta es ventajosa, pues se comprará el inmueble por debajo de su precio actual en el mercado; pero se debe tener conciencia que el proceso no será normal y que puede estar lleno de frustraciones en el camino e inclusive puede no realizarse.

Sergio Rebollo Jr.
Especialista Venta Corta Miami
Exit Prime Realty
www.SergioRebollo.com

Miami Realtor Presents: 3 Steps To Purchasing A Foreclosure In Miami

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 16 Nov 2009 06:11:41 -0600

3 Steps To Purchasing A Foreclosure In Miami

With hundreds of properties to choose from, searching for the best home can be a tall order, so here are three basic steps that will help you pinpoint the best home for you.

The Best Home Isn’t Always The Prettiest Home

A nicely remodelled home that is now a Miami Foreclosed Home may seem to be a great choice. Some of the homes that are currently on the market were remodelled during the boom years without building permits. Many homes that have efficiency or a converted garage may be facing possible code violations in the future.

You need a knowledgeable Realtor to help you sift through the abundance of inventory to help you find a home that will be worry free or at least, have the knowledge to inform you of what you are getting into. Remember, Miami Dade County’s new Certificate of Use ordinance was designed to provide you with a full disclosure of possible violations and structural inefficiencies.

Weigh the Home Potential for Future Growth

Some neighbourhoods in the Miami Real Estate market area more stable than others. Some areas are also poised to recover quicker than other areas. Make sure you are working with a Knowledgeable Realtor who can help you identify that under priced Foreclosure in those areas that are poised to recover quicker.

A buyer usually looks for those characteristics that they personally need in a home. You also need to remember that buying a home is also an investment. Most families will upgrade or move again after 5 to 7 years. You want your purchase today to be the best possible investment when you go to sell a few years.

Preparing the Offer Requires Some Strategy

Buying a Miami Foreclosure requires some strategy when it comes time to formulate your offer. The common phrase is “Highest and Best.” With so many Investors and First Time Home Buyers in the market, it is very common for a good property to have a multiple offer situation. You need a strong offer to contend. A knowledgeable Realtor can help position you with a strong offer.

Highest and best is not always the highest “all cash” offer. When banks review an offer, there are several areas they look at to determine what they feel is the “highest and best."Some of the most common characteristics are: price, terms, closing date, inspection contingencies and seller contribution towards Buyer’s closing costs. Some Sellers like Fannie Mae and Freddie Mac provide an edge to Buyers who expect to live in the house versus an investor. A Miami Realtor who has experience working with Foreclosures will give you the edge that you need.

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Miami Realtor: Easy Tips To Buying Miami Foreclosures

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 16 Nov 2009 05:20:20 -0600

Easy tips to buying Miami Foreclosures

In this economy, people always want to get the most value for their dollar and houses are no exception. That is why Miami Foreclosures make a perfect option for frugal home buyers. With prices below $300,000, Miami Foreclosures allow families and individuals to get their dream homes at a fraction of its original price. But more than just shelling out money, buying foreclosures requires careful planning to ensure that you get the best deal for your money. Here’s how.

Plan your dream home ahead

It all begins with knowing what you want. List down all your requirements and desired house specifications to make the property selection process easier and shorter. Do you want one with a garage? How many rooms do you need? In foreclosure price wars, the way to get the best deals in the market is by planning ahead and keeping an eye on the market so you will be ready once your dream property is put on sale.

Search for property listings online

With real-time updates and consolidated Miami Foreclosure Listings, the internet is still the best source of Miami Real Estate info. What used to take days or weeks now gets to be done in a day or less. With the web, users can conveniently browse listings anywhere at any time of the day.

Hire a Miami Realtor

Hassles and paperwork come with buying a foreclosed property, that is why it’s best for any home buyer to leave this to the professional — the realtor. The realtor’s experience and knowledge play a key role in determining how soon your chosen property will be put under your name. But remember, not just any realtor will do. Make sure you get someone who specializes in foreclosures and knows exactly how to make your offer the best offer for the bank.

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Miami Short Sale Realtor Presents: 4/2 Golf Course Home in Kendall South

Sergio Rebollo Jr. (Exit Prime Realty) — Mon, 16 Nov 2009 05:13:18 -0600

Miami Realtor Sergio Rebollo Jr. presents this golf course home at 10021 SW 108 Street.

Click For Listing Website

Click For Interactive e-Tour

EMPLOYMENT RELOCATION FORCES SHORT SALE - 4/2 Executive home located in quiet Kendall South subdivision. Beautifully decorated pool home sits on the golf course. Home currently has the 4th bedroom converted into an entertainment room allowing for a formal dining room and formal living room. The entertainment room can easily be converted back to a 4th bedroom. Terms subject to third party approval.

MLS# D1329416
$374,000
4 Bed, 2 Bath
10021 SW 108 Street - SHORT SALE
Miami FL, 33176

Sergio RebolloJr
EXIT PRIME REALTY
786-338-3083
Sergio@SergioRebollo.com

Miami Short Sale Specialist : Free Short Sale Assistance

Buying Foreclosures In Miami - Who Is Going To Help You Write The Offer?

Miami Realtor Sergio Rebollo Jr. ~ Buying A Foreclosure In Miami ~ You Need A Good Realtor To Guide You

Sergio Rebollo Jr. Licensed Miami RealtorExit Prime Realtywww.SergioRebollo.com305-582-4062

Miami Foreclosures FAQ

What Does "REO" Mean?

What Is "Foreclosure"?

How Can I Find Foreclosure Properties?

How Does The Bank Decide What To Sell A Foreclosed Property For?

How Are Negotiations Handled?

Sergio Rebollo Jr. Licensed Realtor Miami Exit Prime Realty www.SergioRebollo.com

Short Sale Realtor: 1 & 2 Bedroom Condos in Palmetto Bay From $40,000

Miami Realtor Sergio Rebollo Jr. presents condos at 17255 SW 95 Avenue, Palmetto Bay, Florida from $40,000.

Sergio Rebollo Jr. Miami Realtor Exit Prime Realty www.SergioRebollo.com 305-582-4062

Compre Casas Reposeida en Miami

Un Buen Momento Para Comprar Casas Reposeidas En Miami.

Los Realtors en Miami están viendo un nuevo movimiento de compra y venta.

Mas de 1000 casas reposeídas.

Mucha precaución.....

Sergio Rebollo Jr. EXIT Prime Realty www.SergioRebollo.com 305-582-4062

Miami Realtor: Making an Offer on a Miami Foreclosure Listing

Lots Of Offers But Nothing Gets Accepted?

How Are You Formulating Your Offers?

Bank Owned Doesn't Mean That You Can Buy It At A Steal.

Sergio Rebollo Jr. www.SergioRebollo.com 305-582-4062

Young Professionals Survival Guide to Condo Ownership and Growing-Up

Miami Foreclosures: Buying Requires Due Diligence

Have You Considered Purchasing Foreclosure Properties in Miami?

Pair Up With a Knowledgeable Realtor is Key!!!

Now Is The Best Time To Buy.

Sergio Rebollo Jr. Licensed Miami Realtor Exit Prime Realty www.SergioRebollo.com

Miami Realtor Presents: Kings Creek 1/1 Short Sale

Miami Realtor Sergio Rebollo Jr. Presents: 1/1 Short Sale Opportunity at Kings Creek West for $99,000.

Sergio Rebollo Jr. Short Sale Specialist Exit Prime Realty www.SergioRebollo.com 305-582-4062

Miami Short Sale Realtor Answers Some F.A.Q. Regarding Short Sales

Short Sale Frequently Asked Questions

What is a Short Sale?

Why must my mortgage company(s) approve the transaction?

How do I get a Short Sale approval?

How long does the Short Sale take?

If my mortgage company agrees to the Short Sale , do I still owe the difference?

You should seek professional advice from an attorney, certified public accountant or other professional as to the credit, legal and tax consequences of a short sale.

Sergio Rebollo Jr. Short Sale Specialist Exit Prime Realty www.SergioRebollo.com 305-582-4062

Miami Realtor Presents: Coral Gables Short Sale at Midtown Lofts Condo

Miami Realtor Sergio Rebollo Jr. Presents: This Coral Gables Short Sale Opportunity at Midtown Lofts Condo for $119,000.

Sergio Rebollo Jr. Short Sale Specialist Exit Prime Realty www.SergioRebollo.com 305-582-4062

Miami Realtor Presents: What Is A Short Sale Package?

A SHORT SALE Package Consists Of The Following...

Sergio Rebollo Jr. Short Sale SpecialistExit Prime Realtywww.SergioRebollo.com

Miami Realtor Presents: Short Sale Single Family In Deerwood

Sergio Rebollo Jr. Licensed Realtor Exit Prime Realty www.SergioRebollo.com

Is A Short Sale The Right Thing To Do?

You May Ask, Is A Short Sale The Right Thing To Do?

Sergio Rebollo Jr. Short Sale Specialist Exit Prime Realty www.SergioRebollo.com 305-582-4062

Free Miami Foreclosure Listings On www.SergioRebollo.com

MIAMI AREA FORECLOSURE LISTINGS

Short Sale Realtor Presents: 2/2 Townhome at Las Terrazas at Vizcaya

Miami Realtor Sergio Rebollo Jr. presents this 2/2 townhome SHORT SALE for $150,000.

Sergio Rebollo Jr. Licensed Miami Realtor Exit Prime Realty www.SergioRebollo.com 305-582-4062

Casas Reposeidas En Miami: Un Buen Momento Para Comprar

Un Buen Momento Para Comprar Casas Reposeidas En Miami.

Los Realtors en Miami están viendo un nuevo movimiento de compra y venta.

Mas de 1000 casas reposeídas.

Mucha precaución.....

Sergio Rebollo Jr. EXIT Prime Realty www.SergioRebollo.com 305-582-4062

Bank of America Short Sale in 3 Weeks?

Bank of America and REO Trans...it may work!!

When Am I Finally Going To Get An Answer I Asked....

No More 30 Minute Telephone Calls on Hold Before Speaking To Someone?

How About My Other Dozen So Files That I Have With Bank of America or Countrywide?

You Guys Could Turn Out To Be The Heroes In This Short Sale Bottleneck!!

Any Of These 3 Week Success Stories Out There?

I would love to hear from anyone who has Reo Trans/Bank of America experiences to share.

Sergio Rebollo Jr. Licensed Miami RealtorExit Prime Realtywww.SergioRebollo.com305-582-4062

Short Sale Realtor Presents: 2/2 Condo at Brickell Biscayne Condominium

Miami Realtor Sergio Rebollo Jr. presents this Short Sale Opportunity at Brickell Biscayne Condominium

Sergio Rebollo Jr. Licensed Miami Realtor Exit Prime Realty www.SergioRebollo.com 305-582-4062

Short Sale vs. Foreclosure ~ How Is My Credit Affected?

Sergio Rebollo Jr.Miami Short Sale SpecialistExit Prime Realtywww.SergioRebollo.com

Miami Realtor Presents: 10 Tips For First Time Home Buyers

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Licensed Realtor Miami
Exit Prime Realty
www.SergioRebollo.com

Sergio Rebollo Jr.
Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
EXIT Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com

Sergio Rebollo Jr.
Licensed Realtor
Exit Prime Realty
www.SergioRebollo.com

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
EXIT Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Miami Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com

Sergio Rebollo Jr.
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Miami Realtor
Exit Prime Realty
www.SergioRebollo.com

Sergio Rebollo Jr.
Especialista Venta Corta Miami
Exit Prime Realty
www.SergioRebollo.com

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Licensed Miami Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062

Sergio Rebollo Jr.
Licensed Miami Realtor
Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com
305-582-4062