kara homes orlando: HAFA Short Sale Approved in 23 Days - WHOA! - 08/30/11 10:09 AM
I'm holding the approval letter in my hand!
Typically, a short sale approval takes anywhere from 45 to 60 days, and when the file has to go through the rigerous HAFA portion of the process, it can take an ADDITIONAL 30 to 45 days.  However, the HAFA program is such a great thing for our sellers that it's worth the extra time.
My short sale team just got a Bank United short sale approved - WITH HAFA - in 23 days.  We will be closing at the end of September and the sellers will get $3000 at closing for moving expenses.  Don't … (3 comments)

kara homes orlando: New Listing! - 7655 Debeaubien Drive, Orlando Florida - Granite, Pool, Theater and More - Metrowest Orlando Short Sale - 08/03/11 05:18 AM
Introducing 7655 Debeaubien Drive in Orlando Florida!Orlando Short SaleProfessionally Negotiated by Kara Homes & Associates Short Sale Experts
It really doesn't get any better than this luxurious home in the Metrowest community in beautiful Orlando Florida.  If you're not familiar with the Metrowest area of Orlando, you should really take a drive through the winding roads, beautiful homes and peaceful golf courses.  Be close to it all in this central location!  Just a mile or so away from theme parks, dining and shopping.  Close to major highways for an easy commute to downtown Orlando, the airports, and all that Orlando has … (0 comments)

kara homes orlando: Hardship Letter 101, or How to Write a Hardship Letter - 07/28/11 11:17 AM
Hardship Letter 101
Detailed instructions of how to write a hardship letter, what your hardship letter should (and shouldn't!) include, and a hardship letter sample
You might be writing a hardship letter for any variety of reasons: loan modification, short sale, or several others.  This particular article relates to writing a short sale hardship letter, but most of the hardship letter guidelines and certainly the hardship letter sample is useful for almost any type of hardship letter.
Your hardship letter is a very important part of obtaining a short sale payoff for your mortgage(s).  The lender will want to be provided … (2 comments)

kara homes orlando: What is HAFA and Why Should You Care? - 07/20/11 09:38 AM
I've been getting a lot of questions lately about the HAFA Program and how it related to short sales, and why people should pay attention to it if they have been thinking of selling their home.  There are loads of other websites out there that explain and define the HAFA short sale program, but this is my attempt at a very clear and concise explanation. 
What is the HAFA Program?
HAFA stands for Home Affordable Foreclosure Alternatives, and it is a short sale program that the federal government has put into action to help homeowners who want to avoid foreclosure.  It helps them by offering financial … (2 comments)

kara homes orlando: Michael Kara, Kara Homes and Associates - 05/27/11 04:14 AM
Kara Homes Short Sale Team - Conway Lake Front
The purchase price of this home in 2007 was $1.5 million. Michael Kara, Kara Homes and Associates, was able to complete a short sale on the property for $700,000 and the seller only paid $1,000 to settle $800,000 in debt.
With the help of Michael Kara, the seller was given full release and satisfaction of both the loans.
Visit KaraHomesOrlando.com for more information on Orlando Short Sales. 

Let Kara Homes & Associates help you short sale your home!

kara homes orlando: Michael Kara- Orlando Short Sales - 05/05/11 12:33 AM
Full Release of All Mortgage Debt at NO COST to Homeowner!
Michael Kara sold this property in 2005 for $1.1 Million and in 2009 he helped the same person short sale it for $520,000! $19,000 was paid by the new buyers towards the seller’s liens. The seller was able to get a full release of all debt at no cost to them. Michael Kara, Orlando Short Sale expert, helped this particular buyer in closing 5 short sales and the seller has NEVER had to bring any money to closing. If you’d like more information on Orlando short sales, contact us at 407-447-2829 … (0 comments)

kara homes orlando: Michael Kara, Kara Homes and Associates - 05/05/11 12:29 AM
Orlando Short Sale Specialist
Michael Kara, Kara Homes and Associates helped this seller to save $25,000 in the amount of cash that was needed to close on the home. The seller purchased this property for $1.1 Million and Kara Homes completed the short sale for $625,000 and the buyer had to pay an additional amount of $25,000 of the seller’s outstanding liens at closing. Michael Kara helped by utilizing his negotiating experience and it was a win-win for both the buyer and the seller. The seller sold the property without paying any money out of pocket at closing. Visit KaraHomesOrlando.com for … (0 comments)

kara homes orlando: Michael Kara- Kara Homes and Associates' Short Sales - 04/12/11 10:55 PM
This property is another great example of Michael Kara’s reputation in the Orlando market for short sales. Michael Kara was able to help the buyer negotiate this custom lakefront home. The property was worth over $900,000 and it closed for $699,000 as a short sale. The buyers enjoy skiing on a beautiful private lake every weekend! Feel free to contact us if you have questions or would like more information on Orlando short sales by calling 407-447-2829 or visiting KaraHomesOrlando.com.

kara homes orlando: Michael Kara- Specialist in Short Sales - 04/11/11 07:19 AM
Kara Homes & Associates - Orlando's Premier Short Sale Specialists
Michael Kara, who specializes in short sales and short sale negotiation, was able to get the seller of this home a full release and satisfaction from the lender. The seller never missed a payment, so their credit was spared. The seller purchased another home within 30 days of closing on this short sale. If you’d like more information on Orlando short sales, contact us at 407-447-2829 or visit KaraHomesOrlando.com

kara homes orlando: Michael Kara-Orlando Short Sales - 04/10/11 10:47 PM
Michael Kara Helps Homeowners Short Sale
The purchase price of this home in 2006 was $1,141,300.00. With the help of Michael Kara, Kara Homes & Associates, the homeowner was able to short sale this property for $400,000. The lender took a loss of over $700,000 due to Michael Kara team’s familiarity with the market and negotiations. They completed the entire process within 45 days and the seller was happy that he didn’t have to bring any money to close the deal. The best part is that the seller’s credit was saved as he never missed any mortgage payments. For more information … (0 comments)

kara homes orlando: Michael Kara- Kara Homes & Associates in Orlando - 04/08/11 03:56 AM
Let Michael Kara's Short Sale Experience Help You!
The experienced team of Michael Kara, Kara Homes & Associates located in Orlando, Florida helped a property investor purchase this property at foreclosure auction without a hitch. Kara Homes Construction, a partner company of Kara Homes & Associates, helped the property owner with remodel and minor construction after the property was purchased at the foreclosure auction. The property owner also received assistance with the sale procedures of listing the property in the regular real estate market for profit. This property is a classic example of Kara Home’s excellent services. The property was sold … (0 comments)

Michael Kara, Central Florida Short Sale Expert (RE/MAX Exclusive Collection)

Michael Kara

Central Florida Short Sale Expert

Orlando, FL

More about me…

RE/MAX Exclusive Collection

Address: 3107 Edgewater Drive #1, Orlando, FL, 32804

Office: (407) 447-2829

Email Me

RE/MAX Exclusive Collection is a boutique real estate office located in College Park in Orlando Florida. Michael Kara, broker, has over 15 years of experience and closes more pro-consumer short sales than any other Realtor in Orlando.



RSS 2.0 Feed for this blog