foreclosure: Foreclosure Prevention. Another Successful Kissimmee Florida Short Sale. - 11/09/09 04:10 PM
Avoid foreclosure. Another successful Short Sale Closing with Fifth Third Bank.
Mortgage amount: $185,000.00
Sales price: $87,500.00
Lender agreed to 3% in closing costs and a 6% commission.
Net to Lender: $77,078.00 (42% of amount owed)
Fannie Mae was the Investor and there was Mortgage Insurance (MI).
Challenges:
… (12 comments)
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foreclosure: Jingle Mail. The next big thing. - 09/01/09 03:26 PM
Hi folks. This current real estate market and economic climate is really taking it’s toll on people. We’ve recently heard of “Strategic Defaults” and “Delaying your foreclosure” now we have the “Walk Away” or mailing your keys back to the lender. Jingle mail is what the lenders call it.
And … (17 comments)
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foreclosure: Stall Your Foreclosure........Guaranteed!!! - 08/01/09 05:53 PM
Hi folks. Last night I was cruising around Craigslist.com deciding whether or not to place some ads for my short sale services. It's getting a little sleazy over there. Ads for short sale services, loan mods and foreclosures assistance are every where.
Some were pretty good and some were.....well.........just check … (140 comments)
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foreclosure: Morally Wrong....OR...Financially Sound? - 07/05/09 03:48 PM
Richard Zaretsky’s recent post..........
"WALK AWAY FROM THE PROPERTY - STRATEGIC MORTGAGE DEFAULTS GROW TO 26%"
got me thinking. His post is talking about the amount of people who are making the "Strategic” decision to default on their mortgages.
TheTruthAboutMortgage.com site had this to say about the topic.“A new survey conducted … (213 comments)
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foreclosure: Beware of the Bank's Non-Disclosures!!!! - 02/20/09 04:36 PM
Hi folks. Lately I have been selling quite a few REOs (banked owned) property. As you know if you deal in these properties the sellers (banks) always offer them for sell in "As Is" condition. No biggie since most of my Buyers are experienced Investors.
"As Is" in Florida means As … (40 comments)
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foreclosure: Every Picture Tells A Story Don't It? (Rod Stewart) - 02/12/09 05:01 PM
As most of you know by now my market area is in the pits. Foreclosures and Short Sales abound. Property values have plummeted almost 65% in the last 24 months. Properties that sold for $350,000 can now be had for as low as $100,000 in some areas. Deals are every where.
Since I … (43 comments)
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foreclosure: Foreign Investors Buying Foreclosures in Florida. - 01/22/09 05:07 PM
Purchasing a property over here is pretty straight forward. When you see something you like I prepare a 5 page written purchase offer with the price and terms you want to offer. This is presented to the sellers agent with proof of your ability to purchase i.e. bank statements, letter of … (17 comments)
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foreclosure: Buying Cheap Real Estate In Today's Market. Reality Check. - 01/14/09 07:49 PM
OK so my head is exploding today!!! So much going on and so many posts that need to be written. Including my year end market report for Poinciana Florida. But today I want to write about BBAs (Buyer Broker Agreements) and why they have never been more important that they … (57 comments)
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foreclosure: Florida Foreclosures and Investments Properties - 01/12/09 06:39 PM
Florida Foreclosure and Investment Properties
http://buypoinciana.com
Thank you for visiting our website and enquiring about Florida Foreclosure and Investment Properties on Rightmove.co.uk. In order for us to better serve you, please take a couple of minutes to REGISTER FOR PROPERTY DETAILS HERE.
Registering will ensure that you are getting … (6 comments)
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foreclosure: Looking at the past to predict the future. - 09/26/08 10:53 AM
I wrote this article in July of 2006. In light of where we are at today I'd say my concerns were valid.
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No money? No problem.
Negotiated a deal on one of my listings yesterday. The Buyer is purchasing using 100% financing with the Seller paying closing costs. … (75 comments)
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foreclosure: A Peek Into Poinciana FL Market Conditions. - 11/27/07 03:55 PM
Today, I have spent some time, trying to get my head around the current market in Poinciana Fl. I need to know how many properties in our MLS(Multiple Listing Service) are currently in foreclosure, bank owned or requiring a short sale. For the purpose of this post I will call … (29 comments)
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foreclosure: See Sally fall on the way to Paradise lost! - 03/31/07 04:56 PM
In the summer of ‘04, John and Sally fell in love. Both were in their late 20's and had recently gone through difficult divorces. Life being unpredictable, as it is, put them in each other's paths about one year prior. Since they were both going through difficult times, they hit it … (56 comments)
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foreclosure: When the wall..comes tumbling down! - 01/20/07 02:50 PM
MADE YOU LOOK!!!!
So, yesterday, I get a call from one of my Sellers. I had written about this particular Seller, in one of my earlier posts "Three blind mice, three blind mice...blah, blah, blah!" First, let me say I really like these folks. As you can see, this is … (34 comments)
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foreclosure: Please give me top dollar, I'm in foreclosure! - 01/12/07 04:43 PM
You know, I wake up every morning and the first thing that comes into my head is, "What can I Blog about today?" Trying to write 4 or 5 posts a week, is very difficult, when you are always trying to be original and also trying not to write about things … (27 comments)
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foreclosure: Three blind mice, three blind mice.........blah, blah, blah. - 12/28/06 01:45 PM
Lately, as anyone knows who has been reading my Blog, I have been dealing a lot with short sales and pre-foreclosure listings. Since I am not an attorney and cannot give legal advice, I always recommend to these Sellers, that they seek competent legal counsel. Most do. In addition to this, … (60 comments)
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foreclosure: Blinded by False Hope! - 11/16/06 06:17 PM
A couple of weeks ago I had looked at a house in Poinciana, that the owner had just gotten back, due to foreclosing on the previous owner. The previous owner was his son. It seems Dad, being the loving father that he is, bought this house for his son and daughter … (62 comments)
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foreclosure: Let the games begin! - 10/16/06 05:56 PM
Let the games begin! Ok, so I just received a call today. I’ve kind of been expecting it but was hoping it wouldn’t come for a while. The call I received was from an Appraiser. Now, since I sell a lot of properties in my market, I get one of these … (85 comments)
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