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The Country Club of Lakewood Ranch Owners Who Are Facing Foreclosure Determine Short Sale Is the Better Option In Bradenton Florida
The bursting of the housing bubble has led to falling property values, a historic rise in unemployment, and increasing foreclosures throughout the Florida Gulf Coast region, including Manatee and Sarasota Counties. The mortgage crisis knows no boundaries and cuts across all social and economic lines. Unfortunately, many homeowners at The Country Club of Lakewood Ranch are finding themselves in a position they never would have expected to be in just a few short years ago -- facing imminent foreclosure.
This educated and savvy group of property owners understands that they are not the cause of the circumstances leading up to the mortgage debacle, so they are smart enough not to berate themselves for their circumstances, but are going into "damage control" mode in order to minimize the negative impacts upon themselves and their families.
Here's the testimonial of one Lakewood Ranch homeowner who successfully executed a short sale at no cost to themselves using the services of the SaraMana preForeclosure Short Sale Assistance Team:
Successfully Avoided Foreclosure -- Lakewood Ranch, FL
I first listed my home with another company, but they weren't able to get it sold. Due to circumstances beyond our control we were forced to close our business. I paid on our mortgage for as long as I could, but without a regular income we eventually fell many months behind on our $800,000 mortgage.
As a businessman myself, the thing I liked about John and his team right from the start is that they were up-front with me from the beginning -- they didn't try to sugar-coat the situation and I could just tell that they knew what they were doing.
As it turned out, my bank was extremely difficult to deal with, because they kept insisting the property was worth $150,000 more than the current market value -- you try selling a property currently worth around $450,000 for $600,000 and see how far you get!
SaraMana kept working on the bank -- sending comparable property statistics, sending photos, sending local newspaper articles, sending regular neighborhood sale updates -- they were relentless. Finally, after months, they were able to bring the bank around to reality.
The biggest compliment I could give John and his team is this, They did exactly what they said they would do! The first broker I tried talked a good game, but couldn't produce. In the end, SaraMana found a cash buyer, and got my bank to accept a sale price that was over $330,000 less than my mortgage balance!
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