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Short Sales Port St Lucie Florida* Foreclosure Filings* Do You Know Your Options?

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.

Visit our profile to find out more about our services. Call us today at 561.753.0135 or Toll Free 800.444.3316. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.

To view all the Palm Beach County and Saint Lucie County Florida Luxury Homes For Sale Click here and then click on Search For Homes We know Palm Beach County and St Lucie County and will help you get your home Sold if you need to Sell your home and help you buy your Saint Lucie County and Palm Beach County Home or Land ; call us today.

Disclaimer:The information provided herein is supplied by several sources and is subject to change without notice. Wellington Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Wellington Homes Blog represent the opinions and ideas of the author(s). Wellington Homes Blog does not express the views of International Properties and Investments, Inc or those of the broker.

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.

Posted by Nestor & Katerina Gasset Realtors® Wellington Florida Luxury Homes on 04/07/2008 11:15 PM

Comments (14)

short sales in saint lucie county florida, short sales, short sales in port st lucie florida, foreclosures, loss mitigation

Originally posted at: South Florida Real Estate and...: Short Sales Port St Lucie Florida* Foreclosure Filings* Do You Know Your Options?

This post has been included in Florida Information Saint Lucie County, FL Information
Post is included in group: Short Sale Specialists & Pre-Foreclosure Education
Post is included in group: Short Sale REALTORS®
Post is included in group: Sharing Information of Short Sales
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Post is included in group: All Things Florida

14 Comments on Short Sales Port St Lucie Florida* Foreclosure Filings* Do You Know Your Options?

APR

2008

This information about short sales in Port St. Lucie certainly would give a homeowner peace of mind. They would feel you "get" how this works and could give them good advice. Excellent post, Katerina.

APR

2008

I'm telling you, Katerina. If I were a seller in trouble in St. Lucie or Palm Beach country I would certainly be calling you. Great job on these posts.

Great post too bad for your area to see the prices eroded so far but when the market gets back to normal lots of room for growth for the new buyer.

Excellent and I spoke to your friend yesterday. Thanks so much, I'll call you soon.

I am sure quite a few of these people could really be helped out quite a bit. I hope some of them decide to get in touch with you.

Margaret- Thanks. I've been so busy and have not been able to make my trips around everyone's blogs the last couple of weeks. I miss reading your wonderful posts and will get by to see you this week.

Jess and Kathy- Why, thank you very much and we would love to sell your house here too:)

Katerina- I am certain that you and Nestor are making the most of this situation and providing top levels of service to all of your customers. Especially the ones that have gotten behind the eight ball with their homes.

Best,

Scott

The owners in your market area are really lucky to have you and Nestor on their side! And you're teaching the rest of us how to handle short sales in the process.

Terry- The market had to adjust because the prices were just getting way out of whack! Now they are coming down to where they needed to be.

Missy- Thanks! I am glad you two connected, now go get a ton more listings! :)

Bill- Thanks! I know that we can help those folks who need to sell their homes when they are behind in their payments and put them in touch with a good attorney to get them some foreclosure defense.

Scott- Thanks for your confidence in us! We do know how to successfully get short sales closed and know where to send folks who need other services to the right resources.

Patricia- Glad you can learn something through our experiences and our series on short sales. Nestor is relentless on the phone negotiating in behalf of our sellers.

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