buying distressed property: Buying a Short Sale - Are You a Good Candidate? - 04/08/10 12:41 PM
With the goal of landing a bargain many buyers in today's market are interested in purchasing short sale properties. But not all buyers are ideal candidates for such transactions. If your home buying criteria includes any of the following you may not be a good candidate:
You have a lot of contingencies You need to sell your current home before purchasing another You need to close quickly You do not have resources to repair and rehab the property, if needed If you determine that you are a good candidate for buying a short sale and want to make an offer, here … (3 comments)

buying distressed property: Tale of a Succesfull Foreclosure Sale - 03/04/10 12:05 PM
The home was in one of Palm City's better neighborhoods, a leafy gated community with a variety of home styles. My clients were seeking a pool home under $250,000 and we had looked at several, all at the top of their price range. I suggested a short sale or foreclosure as an option, but they did not want to take on a renovation. When I spotted this Freddie Mac foreclosure I knew it could be just right for them.
As we pulled up to the home I warned them about what could be lurking inside: missing appliances, fixtures ripped from the … (2 comments)

buying distressed property: Top 10 Potential Pitfalls to Purchasing a Foreclosed Home in Florida - 02/14/10 12:08 PM
With a myriad of distressed properties on the market and more looming, many home buyers are clamoring to purchase foreclosed homes. But you need to be aware of the potential pitfalls in purchasing a distressed property, especially the risk associated with the cost to repair any deficiencies that a buyer assumes in an as-is foreclosure transaction.
Here are 10 areas to watch out for when considering a foreclosed home:
1. No power to the house. If the home has been without power for some time then chances are it has not been properly air conditioned. With our hot humid Florida climate … (3 comments)