Short Sales in Port St Lucie Florida and Foreclosure filings have sky rocketed.
Are you behind in your mortgage payments and do not know what your options are?
Have you been served with a foreclosure complaint?
Call us today to start your loss mitigation process at 561-753-0135. The sooner you take appropriate action the sooner you can move on with your life. Avoiding the notices you get from your lender are not going to make them go away. Ignoring the letters is not going to solve your problem.
Port St Lucie Florida along with Las Vegas Nevada and San Diego California are the foreclosure capitals of the nation according to Forbes Magazine. Needing to sell your home in Port St Lucie Florida right now as a short sale before it is lost to foreclosure may just get you a faster closing than other place in the nation.
Why? Because the lenders have foreclosed on so many properties in Port St Lucie and their foreclosed properties are not selling.
Right now in Port St Lucie Florida 90% of all the sales are short sales and foreclosed properties. We currently have Port St Lucie short sale properties listed for sale.
This is because just one year ago when you had to do a short sale the lenders just took their sweet time, ignored offers and twiddled their thumbs thinking that they would just seize the property and net more than if they accepted a short sale offer. Well, they finally figured out that your first offer is usually your best offer!
So now if we tell the bank that the property we have a short sale offer on is in Port St Lucie they tell us; Oh, Port St Lucie? We'll have an appraiser there right away.
How is this good for a homeowner who needs to settle on a short sale? You can get a closing faster. The buyers are coming to make offers, the prices are coming down and thus the market starts to work again. The times are changing! We see it in our closed sales. Short sales are closing when you have an agent who knows what they are doing.
We have listings in Port St Lucie Florida. One is a condo that the owner owes $ 150,000 on the mortgage. We listed it at right below market value at $139,000, no offers. Then we reduced it to $119,000; no offers. The recent appraised value of one of these units is $160,000. Now it is reduced to $99,000 and we got an offer above the asking price. We have a paper trail of the reductions of pricing to show at what price point the units will sell for now.
Another agent had listed a property in Port St Lucie Florida where the owner owed $180,000. A buyer offered $75,000. The lender did not want to take the offer. This was last year the agent said. Then the lender foreclosed and finally accepted an offer of $67,500 which was less than the first short sale offer. Had the lender accepted that first offer they would not have as much of a loss as they do now.
The lenders are starting to realize that settling on a short sale will net them more than selling it after foreclosure. Some lenders are even calling us and other agents back to try to revive old deals that they previously had said no to. If this continues to take place the market will adjust itself and the lenders will not need a tax payer bailout.
Goldman Sachs predicts that if the prices of homes continues to fall another 15% this year, it will bring the number of homeowners who owe more for their house than what it is worth up from 9 million today to 15 million by the end of this year. The market will correct itself if we allow it to.
Please do not wait until it is too late. Don't ignore the situation you are in. Do not ignore the foreclosure complaint. You do have options available to you. Call Nestor Gasset or Katerina Gasset today and we will put you in touch with our in house attorney who can go over all your options with you and help you decide which one is best for your situation.
If you live in Port St Lucie and you must do a short sale please read our short sale series of posts to understand the process. A short sale is when you list your house for sale and accept an offer that is lower than what the amount you owe on your mortgage is and you ask the bank to accept the lower offer. In order to complete a short sale successfully you need to list your house with an agent who is experienced in actually closing short sales.
Contact Nestor Gasset and Katerina Gasset, CIPS, Realtors®, International Properties and Investments, Inc. Licensed Realtors® in Florida at 561-753-0135 to list your property for sale or to purchase a property in Wellington, Royal Palm Beach, Loxahatchee, Lake Worth, Hypoluxo Island, Lantana, Boynton Beach, West Palm Beach and the rest of Palm Beach County Florida and Port St Lucie in Saint Lucie County. We are accepting referrals.
Copyright © 2008 By Katerina Gasset, All Rights Reserved.*Short Sales Port St Lucie Florida Foreclosure Filings Do you know what your options are?*
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P.S. If you are listing your home as a short sale in Saint Lucie County or Palm Beach County Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 561-753-0135 to find out more about Saint Lucie county and Palm Beach County Short Sales.
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